Li & Fung Limited announced a private placement of 620,009,600 common shares at HKD 1.25 per share for gross proceeds of $100,000,000 (HKD 775,012,000) on July 31, 2020. The transaction included participation from JD.com, Inc. (NasdaqGS:JD).
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- Li & Fung Limited announced that it has received HKD 775.012 million in funding from JD.com, Inc.