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.
London Mayor Boris Johnson today approved a request by Berkeley Group Holdings Plc to build almost 1,000 homes close to the city’s main financial district, overturning a decision by local planning officials.
Hutchison Whampoa Ltd., controlled by Asia’s richest man Li Ka-shing, won preliminary approval to build as many as 3,500 homes less than two miles (3.2 kilometers) from London’s Canary Wharf financial district.
Andre Boulet, chief executive officer of Inventys Thermal Technologies Inc. in Burnaby, British Columbia, holds up a 6-inch piece of charcoal, showing how light passes through toothpick-sized air shafts. He says the crevices in this filter offer a cheap way to capture carbon dioxide before it ascends into the atmosphere and haunts future generations.
Temasek Holdings Pte’s plan to buy a stake in the retail arm of billionaire Li Ka-shing’s Hutchison Whampoa Ltd. will help the investment firm extend its reach in China and ease its reliance on the nation’s banks.
Hutchison Whampoa Ltd., controlled by Asia’s richest man Li Ka-shing, fell the most in more than two years after the company agreed to sell a 25 percent stake in its retail arm to Temasek Holdings Pte for HK$44 billion ($5.7 billion).
Hong Kong stocks rose on favorable earnings reports, with Chinese shares listed in the city extending a rebound after entering a bear market last week. Companies rallied as mainland manufacturing missed estimates, spurring bets the government will act to stabilize growth.