The recovery in Li & Fung’s battered share price gained momentum after top managers at the Asian sourcing group showed up en masse at an analyst briefing in an attempt to dispel doubts about the company’s growth prospects.
Li & Fung’s shares in Hong Kong rose as much as 11 per cent on Wednesday after it briefed analysts in the morning.
Those who watched the company’s presentation said the company gave a detailed account of the medium-term prospects of each of its three business units.
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