Li & Fung and Singapore’s investment arm Temasek Holdings are probably laughing all the way to the bank with the sensational multi-billion-dollar sale of LF Logistics to Maersk.
The price for the Hong Kong-based logistics company, which is a relatively recently-established and fast-growing logistics company founded in 1999 with contract logistics business in 14 countries in the Asia-Pacific region, is clearly at the high end.
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