Li Ka-shing will not retire anytime soon as he remains in good health, said his eldest son Victor Li Tzar-kuoi.
'He's very fit, and we're having fun in our business together,' said Victor Li, chairman of Cheung Kong Infrastructure (CKI), in which the 83-year-old Li Senior and Victor Li jointly hold a majority stake.
Another tycoon, the 86-year-old Cheng Yu-tung, resigned as chairman and executive director of New World Development, on March 1.
CKI, the Hong Kong-listed infrastructure arm of the Li business empire, is seeking to acquire projects, said Victor Li. 'We are in talks on a number of projects around the world, especially Europe, which have an interest to sell.'
He did not rule out the possibility of CKI making joint investments around the world with the Chinese sovereign wealth fund or state-owned enterprises or any other company. Asked if CKI was in discussions with mainland companies on future joint acquisitions, Victor Li said: 'We have good relations with many Chinese companies.'
'There are lots of potential projects to be acquired in Europe. The European debt problem can be a key reason,' said Andrew Hunter, CKI deputy managing director.
