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.
Guangzhou R&F Properties Co., a landlord in the southern Chinese city’s business district, will pay 4.5 billion ringgit ($1.4 billion) for six sites in Malaysia from a royal family, marking its first acquisition abroad.
TDC A/S, Denmark’s biggest wireless carrier, joined Nordic rivals in calling for businesses to combine as falling prices in the region’s saturated market hurt earnings and hinder operators’ ability to invest.
Hutchison Whampoa Ltd. sold a second house in Hong Kong’s upmarket Victoria Peak area in a week for more than HK$500 million ($64 million), as developers accelerate sales amid expectations property prices are peaking.
Hutchison Whampoa Ltd., controlled by Li Ka-shing, Asia’s richest man, sold a house in Hong Kong’s Victoria Peak area for HK$740 million ($95 million), the second- highest paid for such property in the city.