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With the opening up of China in 1979, Hong Kong regained its hinterland
and Hong Kong manufacturers relocated factories to Southern China.
The rapid industrialization of the relatively less developed Asian
countries was also gathering pace at this time, widening the choice
of sources of supply. Li & Fung quickly appreciated the benefits
from these developments.
The heavy investments made in these years in establishing a regional
network of offices is the foundation of the company's present strength
in servicing its customers.
In 1985, Li & Fung (Retailing) Limited was formed as a company
wholly-owned by Li & Fung (1937) Limited. There were two chains
under retailing: Circle K and Toys "R" Us. The
retailing businesses extends from Hong Kong to Taiwan, Singapore,
Malaysia, the Chinese Mainland and other South East Asian countries.
In 1989, as part of a re-organization of the family's interests, Li
& Fung was taken private in one of the first management buyouts
in Hong Kong. It was then restructured in two core businesses - export
trading and retail.
In 1992 the export trading business was listed in The Stock Exchange
of Hong Kong in its present form.
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