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[January 04, 2013]
Li & Fung Said to Buy Majority Holdings in Suhyang Networks
Jan 04, 2013 (SinoCast Daily Business Beat via COMTEX) -- Hong Kong's Li & Fung Group has agreed to buy a majority stake in Suhyang Networks for around USD 188 million, said people in the know.
Li & Fung Group signed an agreement for the share purchase on Jan. 2, according to one of the people.
Executives of the South Korea-based children's apparel maker declined to comment on the rumored acquisition.
Source: www.163.com (January 04, 2013)
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