21.03.2014 11:51:00
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Li & Fung Limited -- Moody's: Li & Fung's announced spin-off will stabilize financial performance
Hong Kong, March 21, 2014 -- Moody's Investors Service says that Li & Fung Limited's (Baa1 stable) announced intention to spin off and list its global brands and licensing business will help return the company's focus to its traditional trading platform, and will stabilize its performance and financial profile.