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li ka shing

August 22, 2019

 

Hong Kong’s richest family buys Britain’s biggest pub chain, Billionaire Koch brothers sells Canadian assets to Riddle family subsidiary and Danish retail billionaire Lars Larsen dies age 71.

Hong Kong’s richest family buys Britain’s biggest pub chain

Hong Kong’s richest man Li Ka Shing’s property investment arm has bought 220-year-old UK pub and brewery company Greene King in a deal worth $5.59 billion.

CK Asset Holdings (CKA), founded by Li and chaired by Li’s eldest son, Victor Li Tzar Kuoi, will pay $3.28 billion for the brewery company, founded in 1799 and take on its debt, worth an additional $2.31 billion.

March 13, 2015

Leadership transition is a cause of concern for many family businesses in Hong Kong, but could increasing competition form Shanghai and Beijing spell the end for family-run companies in the district? 

Business and wealth is heavily intertwined in Hong Kong – the special administrative region of China that operates under its “one country, two systems” principle. The statement is particularly true of family businesses in the region, where up to 60% of all business are family controlled. Among the best known are Hutchinson Whampoa, owned by Li Ka-Shing, the richest man in Asia, and Chow Tai Fook, a conglomerate with interests in jewellery and property. 

January 23, 2015

Li Ka-shing's Hutchison to buy Telefonica UK for £10.25 billion and China’s richest man snaps up stake in Athletico Madrid

Li Ka-shing's Hutchison to buy Telefonica UK for £10.25 billion

Hong Kong-based conglomerate Hutchison Whampoa, controlled by billionaire Li Ka-shing, is in exclusive negotiations tobuy Telefonica’s British mobile division O2 for £10.25 billion (€13.6 billion).

The conglomerate already operates the Three Mobile network in Britain. The combination of Three and O2 will create the largest mobile operator in Britain, with as many as 32 million customers.

January 16, 2015

Li Ka-shing restructures business empire, shares soar; Samsung crushes rumours of $7.5 billion Blackberry bid

Li Ka-shing restructures business empire, shares soar

Share prices at Hong Kong-based conglomerate Hutchinson Whampoa and property giant Cheung Kong Holdings rose dramatically on Monday following reports of a multi-billion dollar corporate restructure by owner Li Ka-Shing.

As a result, Cheung Kong's shares were up in Hong Kong as much as 14% in afternoon trading on Monday, while Hutchison Whampoa's shares surged more than 12%. 

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