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How a Shanghai businessman pulled Honma Golf out of the rough

Liu Jianguo took the company from bankruptcy to making clubs for the US president

Honma Golf Chairman Liu Jianguo attends the company's listing on the Hong Kong Stock Exchange in October 2016.   © Reuters

HONG KONG -- After Donald Trump won the U.S. presidential election in 2016, Japanese Prime Minister Shinzo Abe gave him an expensive Honma Golf club to congratulate him. It was a nice endorsement for the Japanese company, known as a premier maker of clubs with the highest standards of "Made in Japan" quality. 

It may come as a surprise, therefore, that for the past eight years the company has been owned and successfully run by a Shanghai businessman. 

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