Li Feng Has Spent A Huge Sum Of $350 Million To Split Up Consumer Goods In Asia.

Some time ago, we talked about Li Feng announcing the sale of its Asian business. The matter came to an end with the announcement.

In the end, Li Fung's spin off business is for the group.

Is integration because of the slump in the Asian market?

It is reported that today, Li Feng issued a notice to sell its Asian health consumer goods business.

The trading side is Dachang bank and its wholly owned Affiliated Companies.

After the deal is concluded, the group will complete the settlement with a paction price of US $350 million.

The group said that the sale and distribution business was mainly due to the strategic objectives of the group.

In addition, the cash flow in the paction will bring a robust asset layout to the group.

However, the unaudited release of the group is currently being published.

From the point of view of interest rate EBITDA, from 248 million US dollars in fiscal year 2014 to US $161 million, the group sold Asian distribution business, to some extent, as a group's interest in insurance.

For a long time,

The retail market performance is not satisfactory.

As one of the main business of the group, logistics has a strong growth performance under the big market environment.

Affected by the above news, the stock price of Li Feng group fell 1.25% to HK $4.75 on the same day, while the Da Chang Hang group rose 2.17% to HK $3.29 due to the impact of the takeover news.