Hong Kong-based sourcing giant Li & Fung Ltd. said Tuesday it expects to raise about 2.68 billion Hong Kong dollars, or $345.8 million, after selling just over 3 percent of its shares.
Li & Fung said it sold 120.29 million of its existing shares at a price of 22.55 Hong Kong dollars, or $2.91, a share, offering a more than 6 percent discount to Monday’s closing price of 24 Hong Kong dollars, or $3.10. Li & Fung said leading institutional investors in Asia, North America and Europe purchased the shares.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"