217
Fashion Jobs
SHIMANO
Brand Coordinator
Permanent · UPPSALA
L'OREAL GROUP
Pharmacy Representative - Dermatological Beauty Division - Gothenburg Region
Permanent ·
GANT
Business Controller
Permanent · STOCKHOLM
GANT
Senior Business Controller
Permanent · STOCKHOLM
H&M
Operations Manager to h&m Distribution Center Borås
Permanent · BORÅS
H&M
Web Analyst / qa Data Layer Resource
Permanent · STOCKHOLM
H&M
Data Analyst to h&m – Supply Planning
Permanent · STOCKHOLM
H&M
Engineering Manager Sap Platforms, Sap Dev & Tech
Permanent · STOCKHOLM
H&M
Wifi Solution Architect - Network
Permanent · STOCKHOLM
H&M
Cyber Security Iam Manager
Permanent · STOCKHOLM
NAKD
Head of Sales
Permanent · GOTHENBURG
NAKD
Head of Commercial Business Control
Permanent · GOTHENBURG
H&M
Pension & Benefits Administrator And Process Improver
Permanent · STOCKHOLM
H&M
Technical Engineer For Warehouse Devices Management
Permanent · STOCKHOLM
H&M
Junior Planner to h&m Assortment- Open Application
Permanent · STOCKHOLM
RALPH LAUREN
Sales Professional
Permanent · STOCKHOLM
H&M
Advanced User Team Leader
Permanent · ESKILSTUNA
ZALANDO
Principal Product Manager - Data And Platform (All Genders)
Permanent · STOCKHOLM
ESSILORLUXOTTICA GROUP
Key Account Manager Nordics
Permanent · GOTHENBURG
H&M
Production Manager – Singular Society
Permanent · STOCKHOLM
ZALANDO
Senior Product Manager - Finance & Compliance (All Genders)
Permanent · STOCKHOLM
ZALANDO
Senior Product Manager - Returns Shipping Solutions
Permanent · STOCKHOLM
Ads
By
Reuters
Published
May 5, 2009
Download
Download the article
Print
Text size

Li & Fung to sell $350 mln shares to fund acquisitions

By
Reuters
Published
May 5, 2009

HONG KONG, May 5 (Reuters) - Consumer goods exporter Li & Fung Ltd (0494.HK) said on Tuesday 5 May it would sell $350 million in shares at a discount, raising capital to fund future business development and acquisitions.


Li & Fung Ltd

Li & Fung said its 30.13 percent controlling shareholder Li & Fung (1937) would buy 120.29 million new shares at HK$22.55 per share on completion of the sale of the same amount of existing shares at the same price to third party investors.

The issue price represents a 6.04 percent discount to the closing price of HK$24 on Monday 4 May. The placing is expected to be completed on May 12. Citigroup and Goldman Sachs are the placing agents.

For statement please click here

Last week, the consumer goods exporter said it expected to sign more outsourcing deals within months as cash-strapped retailers in the United States looked to cut costs in the economic downturn.

The outsourcing deals in 2009 could be similar in size to the one the company signed with fashion retailer Liz Claiborne Inc (LIZ.N) in Feb, Li & Fung president Bruce Rockowitz told Reuters. In 2009, Li & Fung could sign a similar number of outsourcing deals to the four signed last year, Rockowitz said.

Li & Fung shares rose 10.75 percent on Monday 4 May. (US$1=HK$7.75) (Reporting by Donny Kwok; Editing by Nick Macfie)

© Thomson Reuters 2024 All rights reserved.