Li and Fung: Stay Public or Go Private (A)

Justin Law, Shimin Chen, Li Jiang, Anthony Pang

Research output: Other contributionCase Studies


Being a century-old family business, LF had celebrated its evolution from a small trading company to a well-established, internationally recognized supply chain solution provider. However, the rapid advancement of internet technology and e-commerce development in recent years challenged the company's once-innovative business model. Although LF had aggressively streamlined and transformed its business, the company was still struggling to turn around. However, the recent trade war between the U.S. and China, along with the outbreak of the COVID-19 pandemic, triggered the Fung family to consider taking the company private. Case A enables students to take the role of LF's consultant to assess the motives, challenges, pricing, regulatory and financial implications of the going-private offer before making a recommendation to the company.
Original languageEnglish
Number of pages15
Publication statusPublished - 1 May 2022

Case number


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Case type

Field Case

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Published by

China Europe International Business School


  • Business Models
  • Family Business
  • business model
  • corporate governance
  • family businesses
  • go private
  • privatization

Case studies discipline

  • Accounting
  • Others
  • Finance

Case studies industry

  • Transportation and Warehousing
  • Wholesale Trade
  • Others


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