United States : Davis Polk Advises Li & Fung Limited on Its Divestment of Asia Consumer and Health Care Distribution Businesses.
Davis Polk is advising Li & Fung Limited (Li & Fung) on its agreement with Dah Chong Hong Holdings Limited (DCH) and Neosota Corp, a wholly owned subsidiary of DCH, to divest Li & Fungs Asia consumer and health care distribution businesses for a cash consideration of $350 million (on a cash-free and debt-free basis and subject to closing adjustments).
The Li & Fung group is recognized as the worlds leader in consumer goods design, development, sourcing and logistics. It specializes in responsibly managing supply chains of high-volume, time-sensitive goods for leading retailers and brands worldwide. DCH group is an integrated trading and distribution company operating in Asia with a focus on Greater China. Shares of both Li & Fung and DCH are listed on The Stock Exchange of Hong Kong Limited.
The Davis Polk corporate team includes partner Paul Chow, associate Kai Sun and registered foreign lawyer Angela Li. All members of the Davis Polk team are based in the Hong Kong office.
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|Date:||May 6, 2016|
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