The value of the net asset attributable to CGroup to be delivered at completion is approximately HK$97.3 million (US$12.5 million).
Mr. Bruce Rockowitz, President of Li & Fung (Trading) Limited, said, “We are very excited about this opportunity as CGroup will provide a strategic platform for Li & Fung to develop a strong HBC business with our existing customers and new customers in the continually expanding health and beauty world. We are confident that this new health and beauty initiative will be one of the drivers for our next Three-Year Plan.”
Yan and Guy d'Auriol, the principals of CGroup said, “From the inception of our business 20 years ago, we have experienced strong and continued growth. We are excited about joining the Li and Fung family and working in the Company to build a dominant HBC supply chain management business.”
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