• Mon
  • Dec 22, 2014
  • Updated: 6:31pm

Richard Li

Richard Li Tzar Kai is the younger son of Li Ka-shing, a rags-to-riches tycoon known as “Superman” in Hong Kong, his adoptive home. Li Ka-shing in 2012 anointed his elder son, Victor Li, to follow him at the helm of flagship property developer Cheung Kong (Holdings) Ltd, and Hutchison Whampoa Ltd, a conglomerate whose activities span ports, telecoms retailing, energy and infrastructure. But he also vowed to support the business ventures of Richard Li, who is the chairman of phone, pay-television and Internet company PCCW Ltd, formerly Hongkong Telecom.

Wanxiang raises bid for Fisker in battle with rival suitor owned by Richard Li

Lawyers for Fisker are pressing the judge to approve a private sale of the failed US maker of electric cars to Hybrid Technology. Photo: AP

Chinese car parts conglomerate Wanxiang has increased its offer for Fisker Automotive, heating up the fight for the failed US maker of electric vehicles.

Thursday, 9 January, 2014, 11:34pm

Fisker asks US court to shut out mainland suitor and approve its sale to Richard Li instead

Fisker has not made its signature Karma vehicle in more than a year. Photo: AFP

Fisker Automotive, the bankrupt maker of a plug-in hybrid sports car, asked a US federal judge to approve its proposed sale to Hong Kong businessman Richard Li Tzar-kai rather than a mainland Chinese suitor that Fisker alleged was to blame for its failure.

4 Jan 2014 - 2:08am

41 voting firms registered at same address

The voters' list for September's Legco elections reflects a quirk of the city's electoral law: 41 companies that will vote for trade-based seats are all registered at the same commercial address. Twenty-eight other firms all share the same address, too.

20 Jul 2012 - 12:00am

Richard Li said to be eyeing ING Asia units

Telecom tycoon Richard Li Tzar-kai may bid for ING Group's Asia insurance and asset management businesses, according to sources.

30 May 2012 - 12:00am

Firm's wax scam makes dummies out of investors

Chief Executive Donald Tsang Yam-kuen looked happy enough to endorse the product, a free internet-messaging software. So did tycoon Li Ka-shing.

25 Mar 2012 - 12:00am

PCCW sets up pay-TV push as its profits slip

PCCW, the media and information- technology services giant controlled by Richard Li Tzar-kai, plans to boost investment in its pay-television business and expand support for corporate data centres on the mainland this year.

29 Feb 2012 - 12:00am

HKT Trust makes dull start amid market worries

HKT Trust and HKT, the first business trust to list in Hong Kong, had a lacklustre debut yesterday amid concerns over the European debt crisis and tougher competition in the telecommunications sector.

The share stapled units of the telecommunications assets of PCCW, controlled by Richard Li Tzar-kai, closed at HK$4.55, against their issue price of HK$4.53.

30 Nov 2011 - 12:00am

PCCW spin-off raises HK$9.3b in global I.P.O.

PCCW is taking in HK$9.3 billion in proceeds from its telecommunications assets spin-off - Hong Kong's first business trust initial public offering - after units were sold at the low end of its price range in a volatile market.

24 Nov 2011 - 12:00am

Key PCCW backers commit to spin-off

Key shareholders of PCCW have given their financial commitment to the company's telecommunications-assets spin-off, despite lukewarm demand for this business-trust initial public offering - the first of its kind in Hong Kong.

22 Nov 2011 - 12:00am

Market Calls

PCCW (8) launched its HK$9.6 billion initial public offering of its telecom assets (HKT Trust) on Wednesday. Analysts view the new listing as expensive. The flip side of that discussion is whether the IPO will create value for existing PCCW shareholders.

Lisa Soh (Macquarie) says the IPO represents a very good valuation of the HKT assets for PCCW.

21 Nov 2011 - 12:00am

PCCW spin-off still up in the air, says TV 'star' Li

The proposed listing of PCCW's telecommunications arm as a business trust is still up in the air because of the current market gyrations, chairman Richard Li Tzar-kai said yesterday.

3 Nov 2011 - 12:00am

Letters

Firms must get staff exercising

I refer to your editorial, ('Sport policy is not just about elites', June 12).

I fully agree that we need to create a sports- and fitness-oriented society and that more work should be done to promote sports at the grass-roots level.

19 Jun 2011 - 12:00am

Business trusts need careful consideration by regulators

People under pressure often make mistakes. So let's hope our regulators won't make any mistakes in the listing of Richard Li Tzar-kai's so-called business trust.

Even since his father, Li Ka-shing opted to list his ports in the form of a business trust in Singapore instead of Hong Kong, pressure on our regulators has been mounting.

11 Jun 2011 - 12:00am

Big questions over PCCW's business trust spin-off plan

There are plenty of questions about PCCW's plan to float its telecoms arm as a business trust, but so far precious few answers.

8 Jun 2011 - 12:00am

PCCW rises after spin-off plan wins regulatory nod

Shares of PCCW surged yesterday after it received the go-ahead from regulators to spin off its telecommunications operations as a business trust, which would be the first public listing of its kind in Hong Kong.

4 Jun 2011 - 12:00am

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