Hutchison Whampoa is controlled by the Cheung Kong Group, and headed by Li Ka-shing, Asia’s wealthiest man, who has been nicknamed “Superman” because of his investment prowess. Its operations include ports, with property and hotels, retailing telecommunications (Hutchison Telecommunications International) and infrastructure (Cheung Kong Infrastructure). Hutchison is also a major shareholder of Husky Energy, one of Canada’s largest energy and energy related companies. 

Hong Kong tycoon Li Ka-shing, chairman of CK Hutchison Holdings company, speaks during a press conference to announce the company's annual results in Hong Kong, Wednesday, March 22, 2017. Photo: AP

Li Ka-shing says elder son Victor will be his successor in principle

Billionaire Li Ka-shing, for decades one of the world’s wealthiest tycoons, has named his elder son Victor Li Tzar-kuoi as his successor in principle, a day after the Cheung Kong group clarified that he had “no concrete timetable” to retire from the global conglomerate.