CK Hutchison Holdings, one of the flagship companies owned by Hong Kong billionaire Li Ka-shing’s family, reported a 7 per cent increase in underlying profit for 2025, as the company predicted its businesses would face “new and perhaps unforeseen challenges” in 2026. The ports-to-telecoms conglomerate said on Thursday that underlying profit reached HK$22.3 billion (US$2.85…
A wild boar carcass found outside the luxury Deep Water Bay residence of Hong Kong’s richest man Li Ka-shing triggered a brief scare over possible human remains before authorities confirmed on Thursday that it was an animal. A 61‑year‑old security guard at Li’s home at 79 Deep Water Bay Road called police shortly before noon…
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…