More Than 100 People Died In The Fire Of Suppliers In Hongkong Li Feng Group.

As report goes,

A clothing factory in the north of Dhaka was hit by a fire on the evening of 24. About 4000 people in the factory were trying to escape when they were trying to escape. At least 124 people died.

The number of casualties is expected to increase as more than 1000 employees are trapped.

The Bangladesh authorities launched an investigation, initially suspected to be related to short circuit.

The factory owner said the fire factory is a supplier of many fashion enterprises worldwide, including Holland brand C&A and Hongkong Lifeng [12.48 0.65%] group (0494).

Prime Minister Hasina expressed shock at the accident and urged the authorities to search and rescue it thoroughly.

A spokesman for Li Feng said that an emergency compensation of $1200 (about HK $9300) would be issued to each deceased's family member.

In addition, analysts pointed out that Li Feng can be described as "housing leakage and even rain at night". Under the condition of poor basic factors, the negative news of Li Feng or the market is magnified, and the next week is afraid to try 11 yuan level.

On the other hand, the Hong Kong stock market is expected to benefit from ADR (US stock pre entrant securities), or to open more than 100 points to challenge the 22150 level at the beginning of this month.

Reported that the ground floor of the 8 storey factory fire first, the fire on the 2 floor.

The warehouse quickly spread, and about 3/4 workers in the factory escaped successfully.

Due to disorder of order, workers not only trampled on each other, but part of them were forced to jump from high buildings, and 12 people fell dead.

The families of the workers witnessed the tragedy of jumping off the building, and blamed the fire rescue effort.

Production technology promotes Li Fung's second largest product base

In recent years, Li Feng has gradually shifted its production base from the west of China to Southeast Asia, such as Bangladesh and Indonesia.

The financial times has pointed out that Bangladesh has surpassed Vietnam and has become the second largest product base of Li Feng.

Production technology has improved rapidly.

Feng Guoguan, chairman of the group, also said earlier that in view of the rising operating costs in mainland China, it would reduce hiring from the South and increase recruitment in Bangladesh.

Bangladesh has 4500 garment factories, with related exports amounting to US $1 billion 900 million (about HK $14 billion 700 million), accounting for about 80% of the total exports of the country. It is the second largest garment exporter in the world.

However, the local factory safety supervision consciousness is weak. In recent years, accidents happen frequently. More than 500 workers died in the fire since 2006.