Fisker Automotive Inc., whose $103,000 plug-in hybrid car was driven by celebrities including Justin Bieber, filed for bankruptcy with plans to be acquired by a group said to include Richard Li, son of Hong Kong’s richest man.
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 lawmakers are set to vote on a motion to probe Chief Executive Leung Chun-ying’s rejection of a startup’s application for a free-to-air television permit, a move that sparked protests demanding an explanation.
PCCW Ltd., controlled by billionaire Richard Li, and I-Cable Communications Ltd. won initial approval to compete in Hong Kong’s free-to-air television market after new permits were given for the first time in almost 40 years.
Li Ka-shing, Asia’s richest man, backed recent measures by the Hong Kong government to curb an “unhealthy” surge in property prices that’s turned the city into the world’s most expensive housing market.