JSM advised Li & Fung Limited (the export trading arm of Li & Fung Group, managing supply chains for major brands and retailers worldwide) in the subscription of 168 million shares by Dunearn Investments (Mauritius) Pte Ltd, a wholly owned subsidiary of Temasek Holdings (Private) Limited.

Temasek Holdings (Private) Limited is a global investment firm headquartered in Singapore with a diversified multi-billion US dollar portfolio, concentrated principally in Singapore, Asia and OECD economies. The proceeds of the subscription will be approximately HK$3,879 million.