HONG KONG, Jan 28 (Reuters) - Li & Fung Ltd said it has entered into sourcing agreement with Wal-Mart with value of $2 billion in the first year.
The exporter said on Thursday that the sourcing arrangement was non-exclusive and did not contain any sourcing volume commitments by Wal-Mart Group.
For statement please click http://www.hkexnews.hk/listedco/listconews/sehk/20100128/LTN20100128278.pdf
((Reporting by Donny Kwok; Editing by Chris Lewis))
((donny.kwok@thomsonreuters.com; +852 2843 6470; Reuters Messaging: donny.kwok.reuters.com@reuters.net)) Keywords: LI&FUNG WALMART (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The exporter said on Thursday that the sourcing arrangement was non-exclusive and did not contain any sourcing volume commitments by Wal-Mart Group.
For statement please click http://www.hkexnews.hk/listedco/listconews/sehk/20100128/LTN20100128278.pdf
((Reporting by Donny Kwok; Editing by Chris Lewis))
((donny.kwok@thomsonreuters.com; +852 2843 6470; Reuters Messaging: donny.kwok.reuters.com@reuters.net)) Keywords: LI&FUNG WALMART (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.