Asia's richest man runs Hutchison Whampoa, a conglomerate whose interests include ports, retail, energy, infrastructure, properties and mobile networks. Through Cheung Kong Holdings, his publicly traded investment company, Li also oversees a real estate portfolio that includes residential and commercial properties, as well as hotels and industrial space.
Cheung Kong Holdings Ltd., the builder controlled by Asia’s richest man, said 2013 profit rose 10 percent as property sales grew in mainland China and the contribution from unit Hutchison Whampoa Ltd. increased.
The yen headed for its longest rising streak versus the euro in 15 months, the ruble slid and Ukraine’s currency fell a fifth day amid tensions over the Crimea region. European stocks rose and China’s yuan sank by a record while oil retreated.
Fisker Automotive Holdings Inc. won court approval to sell its assets to China’s Wanxiang Group Corp. for an offer valued at $149.2 million, almost six times what the hybrid-car maker sought when it filed for bankruptcy.
China’s Wanxiang Group won an auction for Fisker Automotive Holdings Inc., the maker of luxury plug-in hybrid cars, with a $149.2 million bid, almost six times what Fisker was seeking when it filed for bankruptcy.
India may become a “huge market” for Canadian producers avoiding a North American glut of light oil after a pipeline is built to the Atlantic Coast from Alberta, said Husky Energy Inc. Chief Executive Officer Asim Ghosh.