News: Li & Fung Ltd (0494.HK)

0494.HK on Hong Kong Stock

17 Apr 2014
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HK$0.06 (+0.50%)
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Wed, Apr 2 2014

BRIEF-MDXhealth signs co-marketing agreement with Long Island pathology

* Has entered into a co-marketing agreement with LI path (long island pathology, inc.) to promote MDXhealth's confirmmdx for prostate cancer test

Update-Moody's:Li & Fung's announced spin-off will stabilize financial performance

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Shanghai shares have best day in four months, lifting Hong Kong

* CSI300 has biggest gain in 6 months on preferred shares policy

Hong Kong shares rise; led by Li & Fung, property

HONG KONG, March 21 - Hong Kong shares ended up, lifted by a rally in Chinese shares in the afternoon session on gains led by Li & Fung and the property sector.

Hong Kong shares edge up, China stocks produce stronger gains

* Li & Fung up 16.7 percent on good earnings (Updates to midday)

Li & Fung shares surge 19 percent on upbeat earnings, spin-off plan

HONG KONG - Shares of global sourcing firm Li & Fung Ltd jumped to their highest in more than a year on Friday as investors cheered better-than-expected earnings and focused on a new three-year plan that includes spinning off its brands and licences unit.

UPDATE 2-Li & Fung says aims to spin off brands in HK as profit beats forecasts

* Intends to achieve over 2 times 2013 core operating profit

Li & Fung 2013 profit up 17 pct at $725 mln

HONG KONG, March 20 - Global exporter Li & Fung Ltd reported a 17 percent rise in full-year net profit, boosted by a strengthened foothold in Asia as the company moves to capture increasing consumer spending in the region.

Li & Fung to start factory safety consulting unit - WSJ

Jan 12 - Li & Fung Ltd plans to launch a unit that consults on factory safety in the aftermath of a 2012 fire in a garment plant in Bangladesh that killed 112 workers, the Wall Street Journal reported on Sunday.

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