Update | Hong Kong court approves Li Ka-shing's merger plan to complete restructuring

A Hong Kong court approved on Tuesday the merger plan of billionaire Li Ka-shing’s CK Hutchison and its associate Hutchison Whampoa to complete the final step in the restructuring of his business empire.

The court’s approval was relayed in filings by the two firms to the Hong Kong Stock Exchange.

Shares of the two companies, the flagship companies of Hong Kong’s richest man Li Ka-shing, have resumed trading from 1 pm on Tuesday.  

The listing of the Hutchison shares on the Hong Kong Stock Exchange is expected to be withdrawn on June 3, according to Hutchison’s filing to the exchange.

Li had announced on January 9 that his two flagship companies’ non-property assets, including ports, telecommunications, retail, infrastructure and energy, would be injected into CK Hutchison.

All property businesses of the two companies would be injected into Cheung Kong Property Holdings, which would also seek a stock exchange listing.