Willie Fung is chairman of Top Form International, the world's largest OEM brassiere manufacturer. One of the strongest outperformers on the Hong Kong Stock Exchange this year, Top Form has benefited from the China outsourcing story and sound financial management.
This was not always the case.
Fung came on board in 1995 at the suggestion of his friend and company co-founder Eddie Wong, after Top Form was forced to restructure HK$700 million $90 million of debt, much of which came from diversification into the Chinese property and retailing sectors. A sale of non-core assets and the entrance of strategic investment from some of the world's top bra manufacturers ensued, returning...
