Krupp denies claim of Li link

German industrial giant Krupp denied it had plans to team up with tycoon Li Ka-shing's business empire to invest in Hong Kong. Hermann Murray, chief representative of the Krupp group in China, said: 'We have no plan to have a project in Hong Kong.' His comment followed a report that Mr Li was planning a $10 billion joint venture to produce high-quality steel in Tseung Kwan O. 'That's totally wrong information,' Mr Murray said.