Hong Kong tycoon Li Ka-shing had made a rare public appearance, attending a concert at Kai Tak Stadium but declining to answer questions on his company’s controversial Panama Canal port deal. Li, 96, was sitting in a bike-like wheelchair, smiling and saying “thank you” to people waiting when he exited a lift at the stadium…
Hong Kong tycoon Li Ka-shing had made a rare public appearance, attending a concert at Kai Tak Stadium but declining to answer questions on his company’s controversial Panama Canal port deal. Li, 96, was sitting in a bike-like wheelchair, smiling and saying “thank you” to people waiting when he exited a lift at the stadium…
Hong Kong lawmakers on Thursday unanimously passed a motion calling for unity in countering US tariffs, with some calling on tycoon Li Ka-shing’s CK Hutchison Holdings not to go ahead with selling its Panama ports. The motion, put forward by lawmaker Ma Fung-kwok, urged authorities and the city’s industries to “resolutely dovetail with our country’s…
Sun Hung Kai Properties (SHKP) is launching another batch of flats in its Sierra Sea project in the New Territories following two consecutive sold-out weekends in one of Hong Kong’s largest residential projects in more than a quarter century. On Wednesday, Hong Kong’s largest developer will offer 150 flats in the 9,700-unit project in Shap…
Hong Kong tycoon Li Ka-shing has made his first in-person public appearance since controversy erupted over his conglomerate’s sale of its overseas ports to a consortium led by American investment firm BlackRock amid the US-China trade war, a deal that has drawn Beijing’s ire. The founder of CK Hutchison Holdings visited Hong Kong Sanatorium &…
What’s next China’s market regulator has not revealed the details of its antitrust probe such as whether it has started investigations and the scope of its assessment. Lawyers have said the regulator may implement anti-monopoly measures, such as prohibiting or conditionally approving the transaction. According to the deal between CK Hutchison and BlackRock, both parties…
The South China Morning Post has reported to police that an impersonated website posted a fake news report about Hong Kong billionaire Li Ka-shing offering cryptocurrency investment advice during a TV news interview. A spokesman for the Post said: “We are aware of the situation and have reported it to the police.” The spokesman also…
The Hong Kong government’s investment arm is keen to leverage the expertise of its latest investee – fintech unicorn WeLab – to support start-ups from the city looking to expand in Southeast Asia. Hong Kong Investment Corp (HKIC), which manages HK$62 billion (US$8 billion) of funds, on Thursday formed a partnership with WeLab after acquiring…
A senior United States official has discussed the importance of an ongoing audit of CK Hutchison’s management of two ports at the Panama Canal with the country’s foreign minister, amid controversy surrounding the Hong Kong company’s sales of the facilities. Panamanian authorities announced their audit of Hong Kong tycoon Li Ka-shing’s CK Hutchison in January…
The Li Ka Shing Foundation and Singapore’s state investment fund have donated two machines that can remove cancerous tumours with ultrasound waves to the city state, with the Hong Kong tycoon making a rare video appearance during the gifting ceremony. The 96-year-old tycoon showed up via video link on Thursday and was thanked by the…