CK Hutchison Holdings’ controversial US$23 billion deal to sell 43 overseas ports – including two at the Panama Canal – will not be completed this year, group co-managing director Frank Sixt said in a post-results briefing on Thursday. Sixt updated analysts about the progress of the proposed sale after the company posted a 92 per…
Victor Li Tzar-kuoi’s denial this week that his family home was being sold has stirred public curiosity about the address that has been the residence of one of Hong Kong’s wealthiest families and property developers for more than six decades. Located at 79 Deep Water Bay Road in the Southern district of Hong Kong Island,…
Hong Kong’s wealthiest family denied that their residence of more than half a century is up for sale, as CK Asset Holdings issued an unusual rebuttal of rumours that have circulated for days on social media. Social media speculation of the impending sale of 79 Deep Water Bay Road was “entirely fabricated”, “false” and “groundless,”…
The Hong Kong Chief Executive’s Council of Advisers has welcomed three new members, including two tech bosses from Hangzhou’s “Six Little Dragons” and a mainland Chinese economist who was a senior official with the International Monetary Fund (IMF). The government on Friday announced the appointment of 34 members to the second term of city leader…
CK Asset Holdings, the flagship property developer of Hong Kong billionaire Li Ka-shing’s family, will weather the “doldrums” in the city’s commercial leasing market amid global economic uncertainties, according to chairman Victor Li Tzar-kuoi. “No industry in this world is always well-performing, and demand for Hong Kong’s retail and office properties is indeed slow at…
May 22, 2025 CK Asset Holdings, a prominent property developer in Hong Kong, is poised to navigate the challenges in the city’s commercial leasing market, as stated by its chairman, Victor Li Tzar-kuoi. According to an article by the South China Morning Post, the company remains financially robust, equipped with resources to handle unexpected events…
CK Hutchison Holdings needs a war chest to maintain its fiscal health in the face of escalating geopolitical tensions, its chairman Victor Li Tzar-kuoi has said, with senior managers assuring the US$23 billion deal involving two Panama ports will comply with regulations. At the conglomerate’s annual general meeting on Thursday, Li said that many uncertainties…
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 &…
The son of late Hong Kong tycoon Lee Shau-kee has said the family “could not bear to say goodbye” to his father and thanked members of the public for their tributes at the end of the magnate’s funeral. At around 9am on Monday, Lee’s children appeared at the entrance of the Hong Kong Funeral Home…
A sale by Hong Kong-based CK Hutchison of its overseas ports, including two in Panama, to a BlackRock consortium continues to stir debate as to its eventual outcome. China has expressed unhappiness, suggesting the deal would hurt national interest, while CK Hutchison has said the transaction is purely commercial. In a two-part special, we speak…