William Fung News
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The following companies may have unusual price changes in Asian trading tomorrow. Stock symbols are in parentheses and share prices are as of the latest close. The information in each item was released after markets shut unless stated otherwise.
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Li & Fung Ltd. said orders are picking up in the U.S., its biggest market, after the world’s largest supplier of clothes and toys to retailers reported a bigger-than-expected jump in 2011 profit. The stock surged.
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Li & Fung Ltd., the world’s largest supplier of clothes and toys to retailers, is raising HK$3.9 billion ($502 million) in its biggest share sale since listing in 1992 as the company seeks acquisitions to spur growth.
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Li & Fung Ltd., the world’s largest supplier of clothes and toys to retailers, is set to price the shares in its secondary offering at HK$18.62 each, said two people with knowledge of the matter.
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Li & Fung Ltd., the Wal-Mart Stores Inc. supplier that doubled its workforce after at least 11 acquisitions in the past year, may need to make still more deals to meet its earnings targets.
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Li & Fung Ltd. , the biggest supplier to retailers including Wal-Mart Stores Inc. and Esprit Holdings Ltd. , named President Bruce Rockowitz as chief executive officer, driving up the company’s stock.
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Li & Fung Ltd., the world’s biggest supplier of clothes and toys to retailers including Wal-Mart Stores Inc., rose the most in more than a year in Hong Kong trading after first-half profit beat all analysts’ estimates.
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Li & Fung Ltd. , the biggest supplier to retailers including Wal-Mart Stores Inc. , is offering about HK$7 billion ($901 million) for a distribution company to gain a network in China. Both companies’ shares rose in Hong Kong.
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Fung Capital Ltd., the investment arm of billionaire brothers Victor and William Fung, is in talks to buy an 80 percent stake in French fashion house Sonia Rykiel.
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Billionaire brothers Victor Fung and William Fung , the owners of Li & Fung Ltd., acquired 1.03 percent of Japan’s Sanrio Co. , owner of the Hello Kitty brand.
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