Li & Fung considers sale of consumer and health care business LF Asia

Li & Fung considers sale of consumer and health care business LF Asia

Li & Fung is said to be planning to offload its consumer and health care distribution business, LF Asia, as part of a strategy to refocus resources on supply chain management, according to a report published by Nikkei.

Analysts have pegged the value of the business at HK$400million, and documents submitted to the Hong Kong Exchanges and Clearing suggest that the trading company has opened negotiations with a third party.   

LF Asia operates more than 40 branches and logistics centers in China and Southeast Asia, suppliying over 30,000 stores and health care institutions.

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