PROJECT

Projects

Summary of Investment Information

Project Number

48459

Company Name

Air8 Pte. Ltd.

Date SPI Disclosed

Jun 27, 2024

Country

East Asia and Pacific Region

Region

East Asia and the Pacific

Projected Board Date

Jun 10, 2024

Environmental Category

B - Limited

Status

Active

Last Updated Date

Apr 3, 2025

Department

CM4A2 - Regional Industry - MAS Asia & Pac/MAS Agri & Manufacturing EAP

Industry

Manufacturing

Previous Events

Approved : Jun 10, 2024
Signed : Jun 19, 2024
Invested : Mar 24, 2025

Sector

Garment and Apparel (With Primary Textile Operations, Excluding Footwear)

Project Description

 The project entails a debt financing package of up to US$75 million to Li & Fung Limited (“L&F Limited”), Li & Fung (Trading) Limited (“L&F Trading”) and Air8 Pte. Ltd. (“Air8”) (L&F Trading and together with Air8 and L&F Limited, the “Borrowers”). Li & Fung is the world’s leading supply chain solutions partner. It specializes in responsibly managing supply chains of high-volume, time-sensitive goods for leading retailers and brands worldwide. Air8 is a supply chain financing solution provider, under LFX, focused on sustainability. The company connects SME suppliers with funders across borders, leveraging deep apparel and merchandise sector expertise, and promotes ESG asset creation to align funders’ capital with their ESG goals.

The Project will support the Borrowers’ expansion of service offerings to its buyers and suppliers on supply chain solutions and supply chain financing for the benefit of suppliers in developing countries in Asia (the “Project”).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation