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.
Li Ka-shing News
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Updated 3 hours, 5 minutes ago
Cheung Kong Holdings Ltd., the developer controlled by Asia’s richest man, is canceling the sale of HK$1.4 billion ($180 million) of hotel rooms after Hong Kong’s securities regulator began a probe into the transactions.
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Cheung Kong Holdings Ltd., the developer controlled by Asia’s richest man, is canceling the sale of HK$1.4 billion ($180 million) of hotel rooms after Hong Kong’s securities regulator began a probe into the transactions.
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Hutchison Whampoa Ltd. led corporate bond sales in Europe this week as borrowing costs fell to a record and the cost of insuring company debt reached a three- year low.
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Facebook Inc., owner of the world’s most popular social-networking service, is in talks to acquire mobile-mapping application provider Waze Inc. for as much as $1 billion, two people familiar with the matter said.
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ING Groep NV is seeking to sublet as much as two floors it currently leases in Hong Kong’s tallest building as the company reduces space following the sale of its insurance business in the city.
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Telecom Italia SpA directors authorized an “in-depth” review on a possible combination of its mobile-phone business with Hutchison Whampoa Ltd.’s Italian unit.
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Hutchison China MediTech Ltd., the drugmaker controlled by Hong Kong billionaire Li Ka-shing, is in talks to license a cancer treatment based on traditional Chinese medicines, Chief Executive Officer Christian Hogg said.
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Telecom Italia SpA directors authorized an extension of a review over a combination of its mobile-phone business with Hutchison Whampoa Ltd.’s Italian unit, according to a person briefed on the matter.
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Telecom Italia SpA, Italy’s largest phone company, reported first-quarter earnings that missed analysts’ estimates as revenue in its home country plunged 10 percent.
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A group of directors appointed by Telecom Italia SpA to review a potential merger with Hutchison Whampoa Ltd.’s local unit remain divided as the Italian company’s board heads into a meeting today, according to five people familiar with the matter.
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