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.
Telefonica SA is nearing an agreement to sell its controlling stake in the Czech Republic’s biggest telephone company to billionaire Petr Kellner’s PPF Group NV, according to two people familiar with the matter.
Companies owned by billionaire Li Ka-shing’s Hutchison Whampoa Ltd. may lose a bid for tax relief on losses by its U.K. mobile phone unit because the parent company is situated outside the European Union, an adviser to the bloc’s top court said.
Hong Kong tycoon Richard Li’s Pacific Century Group is stepping up its search for assets in Southeast Asia after spending more than $2 billion to acquire insurance units at home and in Macau and Thailand.
Hong Kong billionaire Li Ka-shing made his fortune over a half-century of well-timed bets on everything from property to power generation. His latest deals suggest he’s wagering the city’s era of fast growth may be drawing to an end.
Luxury-home rents in Hong Kong and Singapore, two of Asia’s most expensive cities for apartment leases, are declining for a third year as banks squeezed by slowing growth cut budgets for expatriate workers.
Hong Kong’s refusal to hand a television license to a start-up operator drew about 36,000 protesters onto the city’s streets, underscoring dissatisfaction with Chief Executive Leung Chun-ying’s 16-month-old government.
Billionaire Li Ka-shing’s Hutchison Whampoa Ltd. and Cheung Kong Holdings Ltd. will sell a project in Shanghai’s Lujiazui financial district to buyers including China Everbright Ltd. for $1.16 billion.