By  on February 8, 2019

HONG KONG — Like a lot of children who grow up in magnate families, Vanessa Cheung wasn’t so sure she wanted to work for the family business.

Cheung’s grandfather, Chen Din Hwa, founded Nan Fung Group as a textiles business in 1954. It was the days before Mainland China had opened up as an option for global manufacturing and Chen’s business grew quickly, earning him a place in the billionaires’ club and the nickname the “king of cotton yarn.” At its textiles operations height, Nan Fung employed more than 3,000 people to operate in their mills, producing up to 32.5 million pounds of yarn a year.

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