Michael Kadoorie, chairman of CLP Holdings, is convalescing after being involved in a serious road accident in London.
The accident, which occurred three weeks ago, was believed to have happened while Mr Kadoorie was driving his sports car.
According to a source close to the company, Mr Kadoorie was 'making good progress and would be returning to Hong Kong within a couple of weeks'.
Mr Kadoorie was conspicuously absent from an annual general meeting on August 25, just three days before CLP and Citic Pacific effectively ended their much criticised relationship.
Under an agreement struck between the two companies, Citic agreed to sell back to CLP a 15 per cent stake in the company for $34.80 a share.
This compared to a purchase price of $32.66 in January 1997.
