Why did Li and Fung delist?
Hong Kong-headquartered supply-chain solutions company Li & Fung formally delists this afternoon (May 27) ending a 28-year tenure as a public company.
Is Li & Fung listed?
As a privately held company, Li & Fung is owned and managed by the Fung Family and Singapore-headquartered GLP Pte Ltd. (“GLP”), a leading global logistics warehouse operator and investor. The Fung Family will remain the controlling shareholder of Li & Fung with 60% of the voting shares.
What type of company is Li and Fung?
Li & Fung creates customized, end-to-end supply chain and logistics solutions for brands and retailers worldwide. What sets us apart is our high degree of flexibility and scalability which is unrivaled in our industry. Millions of consumer goods pass through Li & Fung’s supply chain every year.
What kind of Business is Li and Fung?
Li & Fung is creating supply chains of the future. As entrepreneurs, we create innovative products and provide end-to-end solutions for brands and retailers globally. We are using speed, innovation and digitalization to transform our business in ways the industry has never seen.
What is the vision of home Li and Fung?
Our vision is simple but bold – we aspire to create the supply chain of the future to help our customers navigate the digital economy and to make life better for one billion people in the supply chain. We are facing an era of exponential change.
How did home Li and Fung change the world?
Our vision is to make life better for one billion people in the supply chain. Since 1906 we have grown from our initial startup focused on trading handicrafts from China to the West to today’s multinational corporation, managing complex supply chains for brands and retailers worldwide.
When did Li and Fung open their first branch office?
In 1937, Fung’s son Fung Hon-chu opened the company’s first branch office outside of mainland China in Hong Kong. It was incorporated later that year in Hong Kong. Li sold his 300 shares of the company in 1946, leaving the company in the hands of the Fung family.