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Hong Kong’s Fung Group Weighs Retail Unit IPO in Singapore, Sources Say

Hong Kong’s Retail Sales Post Surprise Drop in November

Fung Group is exploring an initial public offering in Singapore for its retail brands unit that could value the business at about $500 million, according to people with knowledge of the matter.

The Hong Kong-based consumer goods company is working with a financial adviser on the potential first-time share sale of its unit Branded Lifestyle Asia, the people said, asking not to be identified as the process is private. The Fung Group is seeking…


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