As at Dec 22, Li & Fung holds 78.3% and Temasek holds 21.7% of the issued shares of LF Logistics. LF Logistics is a leading logistics services provider, offering both contract logistics services across Asia and freight management services globally.
The strategic partnership between the group and Maersk will enable both companies to utilise their respective resources and global networks to create a comprehensive range of end-to-end global supply chain services.
On the other hand, the disposal will further simplify the group’s business to focus on its core trading business, which has seen a strong rebound back to pre-Covid levels. After completion of the transaction, the group intends to continue to optimise its capital structure, maintaining low levels of debt.
