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Li Ka-shing
Hong Kong

Li Ka-shing assures shareholders the future looks good

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Protestors outside the meeting venue yesterday. Photo: Felix Wong
Phila Siu

In the absence of uncontrollable events like war or political turmoil, Asia's richest man Li Ka-shing says his conglomerate should be able to do very well even if he retired immediately.

"You do not need to worry," Li said at a meeting of Hutchison Whampoa shareholders.

"Even if I wanted to retire at this moment, the whole conglomerate should be able to do very well - if war, politics and other things I cannot control [do not happen]," he said in remarks filmed by i-Cable whose reporter entered the closed-door meeting as a shareholder.

Even if I wanted to retire at this moment, the whole conglomerate should be able to do very well - if war, politics and other things I cannot control [do not happen

The meeting was disrupted by an intruding activist, while about 10 other protesters from three groups including the League of Social Democrats also demonstrated outside the venue, the Harbour Grand Kowloon hotel.

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Li, just weeks away from his 85th birthday, has not said if he plans to retire. But he revealed his succession plan last year.

He would allow his eldest son Victor Li Tzar-kuoi to take the helm at his flagship companies, Cheung Kong (Holdings) and Hutchison Whampoa, while he would help his younger son Richard Li Tzar-kai to develop other businesses.

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The Hutchison meeting was interrupted when activist Jaco Chow Nak-hang jumped up on his seat in the third row inside the room and urged Li to treat his workers better.

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