Li Ka-shing | South China Morning Post
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  • Mar 28, 2015
  • Updated: 10:22pm

Li Ka-shing

Often referred to as “Superman” in Hong Kong because of his business prowess, Li Ka-shing is the richest businessman in Asia, and chairs conglomerate Hutchison Whampoa and Cheung Kong Holdings, a property group. Li turned Cheung Kong Industries into a top property group, and Cheung Kong expanded to acquire Hutchison Whampoa in 1979 and Hongkong Electric in 1985. Li is a noted philanthropist and heads a charitable foundation that is a shareholder in Facebook.

Li Ka-shing’s Tom Group bares plans for ambitious internet finance venture in China

The Li Ka-shing controlled Tom Group runs an e-commerce joint venture on the mainland called Ule with China Post. Photos: Felix Wong, Reuters

Tom Group, the media conglomerate controlled by Hong Kong tycoon Li Ka-shing, plans to step up the expansion of its e-commerce joint venture in mainland China.

Thursday, 26 February, 2015, 1:49pm

Li Ka-shing-controlled utilities firm Power Assets posts lower underlying profit

Utilities firm Power Assets is controlled by tycoon Li Ka-shing. Photo: Bloomberg

Tycoon Li Ka-shing-controlled utilities firm Power Assets posted a 28 per cent decline in underlying profit for last year due to the spin-off of its Hong Kong power unit and the absence of tax credits that boosted profit of its operations in Britain in 2013.

24 Feb 2015 - 6:37pm

HPH Trust takes HK$19 billion “goodwill” write-down on Hong Kong terminal assets

Li Ka-shing flashes a wide smile. His HPH Trust just announced a HK$19 billion goodwill write-down of its Hong Kong terminal assets. Photo: Bloomberg

Hutchison Port Holdings Trust took a HK$19 billion “goodwill” impairment write-down of its Hong Kong terminal assets, amid concerns Li Ka-shing is retreating from Hong Kong.

7 Feb 2015 - 1:37pm 6 comments

Li Ka-shing ponders partial sale of port assets in Hutchison Whampoa

Billionaire Li Ka-shing smiles as he mulls a partial disposal of port assets in Hutchison Whampoa. Photo: EPA

Billionaire Li Ka-shing is mulling a partial disposal of the port assets held by Hutchison Whampoa Limited to a consortium of state-owned mainland Chinese firms while ratcheting up his effort to snap up assets in Europe in an increasingly hectic round of corporate restructuring.

6 Feb 2015 - 5:29pm

Port assets losing allure for Li Ka-shing’s Hutchison Whampoa

Vessel control systems at a port in the UK controlled by a unit of Hutchison Whampoa. Photo: Bloomberg

At one time, the port assets of Hutchison Whampoa were the crown jewels in the business empire of billionaire Li Ka-shing. Today, those assets seem to be losing their lustre.

6 Feb 2015 - 6:30am

Li Ka-shing ponders partial sale of port assets in Hutchison Whampoa

Li Ka-shing, his son Victor Li Tzar-kuoi and managing director of Hutchison Whampoa Canning Fok attend a recent news conference in Hong Kong. Photo: Reuters

Billionaire Li Ka-shing is mulling a partial disposal of the port operations held by Hutchison Whampoa to a consortium of state-owned mainland firms while ratcheting up his effort to snap up assets in Europe in an increasingly hectic round of corporate restructuring.

6 Feb 2015 - 12:13pm 12 comments

Li Ka-shing’s Hutchison Whampoa shares jump as it confirms HK$119 billion bid for UK mobile firm O2

Billionaire Li Ka-shing is said to be buying a UK wireless carrier. Photo: Bloomberg

Billionaire-industrialist Li Ka-shing is about to make his biggest telecommunications-related acquisition, with a deal to buy British mobile operator O2 for as much as 10.25 billion pounds (HK$119.4 billion).

23 Jan 2015 - 6:29pm

Li Ka-shing’s Cheung Kong Infrastructure to issue new shares to raise HK$4.6 billion

Asia's richest man Li Ka-shing laughs after a briefing in Hong Kong. The billionaire's Cheung Kong Infrastructure will issue new shares to raise HK$4.6 billion. Photo: Bloomberg

Billionaire Li Ka-shing’s Cheung Kong Infrastructure Holdings (CKI) on Wednesday announced a plan to issue 80 million news shares to its controlling shareholder Hutchison Infrastructure Holdings to raise HK$4.6 billion.

21 Jan 2015 - 9:24am

Cheung Kong pays HK$14b for UK rail firm

Victor Li says Cheung Kong Infrastructure will continue to seek acquisition opportunities from around the world. Photo: Bloomberg

Cheung Kong (Holdings) and Cheung Kong Infrastructure Holdings have agreed to acquire Eversholt Rail Group, a major rolling stock operating company in Britain, in the first acquisition by Cheung Kong since it announced its restructuring plan.

CKI said yesterday it had formed a 50-50 joint venture with ultimate parent firm Cheung Kong to acquire Eversholt.

21 Jan 2015 - 9:05am 1 comment

From 'superman' to 'big tiger', Li Ka-shing loses favour with Beijing

Li Ka-shing is no longer Beijing's favourite businessman in Hong Kong. Photo: Bloomberg

It's official. Li Ka-shing is no longer Beijing's favourite businessman in Hong Kong.

Just a week after Li, Hong Kong's richest man and widely believed to have particularly good relations with former president Jiang Zemin, announced an overhaul of his empire, including re-registering his two new flagship groups abroad, mainland media launched a new round of war of words on Li.

20 Jan 2015 - 10:03am 17 comments

Hong Kong still competitive despite Li Ka-shing’s departure for Cayman Islands

Ugland House in the Cayman Islands, registration office for thousands of global companies there. Li Ka-shing, Asia's richest man, plans to use the area to complete the restructuring of his conglomerate in the Caribbean resort and famous tax haven. Photo:  AP

Billionaire Li Ka-shings’ decision to pitch his tent in the Cayman Islands because it is a more “convenient” place to set up his new firms has had the effect of stoking the question whether Hong Kong has lost its allure as an easy place to do international business.

15 Jan 2015 - 3:40pm

Li Ka-shing’s Cheung Kong seeking up to HK$55 billion in loan for new property firm

People walk by the Cheung Kong offices in Hong Kong as the company run by billionaire Li Ka-shing is said to be negotiating a loan for his reorganised conglomerate. Photo: Bloomberg

Cheung Kong Holdings Ltd. is seeking a loan of as much as HK$55 billion (US$7.1 billion) as billionaire Li Ka- shing reorganizes his corporate empire, according to five people familiar with the matter.

15 Jan 2015 - 8:51am

Li Ka-shing 'must steer clear of entering politics', says close friend

Businesswoman Solina Chau says Li Ka-shing is an unusual person.

A prominent businesswoman and close friend of Li Ka-shing, Solina Chau Hoi-shuen, has made rare comments about Hong Kong politics - as well as Asia's richest man, who she believes is too open-minded to ever enter politics.

14 Jan 2015 - 7:27pm 10 comments

More telecoms acquisitions in store for Li conglomerate in Europe

Billionaire Li Ka-shing (right) gestures along with his son, Victor, during the briefing announcing their conglomerate's reorganization. Photo: Bloomberg

Efforts of billionaire-industrialist Li Ka-shing to spur consolidation in the European telecommunications market will likely accelerate, after Hong Kong’s richest man completes the restructuring of his two flagship companies.

13 Jan 2015 - 8:38am

Surge in share prices as investors cheer Li Ka-shing's business revamp

Cheung Kong and Hutchison rose more than 12 per cent yesterday after Li Ka-shing's reorganisation of his empire. Photo: K.Y. Cheng

Analysts were quick to identify value in the deal, mainly to come from the removal of a complex controlling structure dating back to 1997.

13 Jan 2015 - 5:24pm 1 comment

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