Singapore's Temasek pays $300m for 21.7% stake in Li & Fung's logistics business

Singapore's Temasek pays $300m for 21.7% stake in Li & Fung's logistics business

LF Logistics

Singapore state investor Temasek Holdings has acquired a 21.7-per cent stake in LF Logistics, the logistics business of Hong Kong sourcing company Li & Fung, for a cash consideration of $300 million.