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Hong kong - li and fung to buy apparel maker

Hong kong - li and fung to buy apparel maker Source: www.yarnsandfibers.com
Date: 20-11-2012
Visits: 240
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Hong Kong 's Li and Fung Group is in talks to acquire South Korean children's apparel maker Suhyang Networks for roughly 200 billion won ($183.73 million), a South Korean newspaper reported on Tuesday.
 
Maeil Business Newspaper said Li and Fung recently completed due diligence on Suhyang and is currently in price negotiations, citing unidentified investment banking sources
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