Power Assets shareholders rejected a $12.4 billion buyout offer from billionaire Li Ka-shing. Photo: Bloomberg

Even Hong Kong’s richest man, Li Ka-shing, has to bow to activist shareholders

Failure to merge Power Assets with Cheung Kong Infrastructure shows minority shareholders are starting to gain greater clout

Topic |   Li Ka-shing

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Power Assets shareholders rejected a $12.4 billion buyout offer from billionaire Li Ka-shing. Photo: Bloomberg
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