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Li & Fung to Go Private Amid Sinking Stock Price and Global Pandemic

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Venerable apparel sourcing giant Li & Fung is taking itself private, joining with Golden Lincoln Holdings (GLP), the companies said Friday after the close of trading on the Hong Kong Stock Exchange. The plan calls for shareholders to comprise the Fung family, the controlling shareholder of Li & Fung, and GLP Ltd., a global logistics…

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