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Li & Fung Completes Privatization, Looks Toward ‘New Journey’

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After 28 years on the Hong Kong Stock Exchange, sourcing giant Li & Fung has officially gone private as it moves toward what it says will be a new journey for the company. Li & Fung shares were delisted Wednesday after losing more than 94 percent of their value since 2011. Hitting a 20-year peak…

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