Hutchison Whampoa Ltd. (0013.HK), the ports-to-telecom operator owned by Hong Kong billionaire Li Ka-shing, has lost a motion in an Irish court to have its EUR2 billion bid for troubled Irish telecom firm Eircom Ltd. "given due consideration," according to people familiar with the situation Friday. (more…) Related items Hutchison Whampoa Shares Rise on...
Real-estate fund manager ARA Asset Management Ltd. (D1R.SG), an affiliate of Hong Kong tycoon Li Ka-shing's Cheung Kong (Holdings) Ltd. (0001.HK), is planning to raise between S$700 million and S$800 million (US$557 million and US$636 million) by listing some of its Asian assets in yuan-denominated initial public offering in Singapore, people familiar with the...
Brothers Raymond and Thomas Kwok, of Sun Hung Kai Properties, hold second-largest family fortune in Hong Kong Hong Kong's Independent Commission Against Corruption has arrested the chairmen of Sun Hung Kai Properties, Raymond and Thomas Kwok, on suspicion of corruption. The brothers are worth $18.3bn (£11.5bn), the second-largest family fortune in Hong Kong after...
HONG KONG: Hutchison Whampoa Ltd, billionaire Li Ka-shing's biggest company, posted full-year profit that more than doubled after boosting earnings from the UK utilities, Canadian oil production and cosmetics stores in China. Net income rose to HK$56 billion (RM22.13 billion) in 2011, from a restated HK$20.2 billion (RM7.98 billion) a year earlier, the Hong...
HONG KONG (Reuters) – Hong Kong's Independent Commission Against Corruption on Thursday arrested the chairmen of Sun Hung Kai Properties, brothers Raymond and Thomas Kwok, on suspicion of corruption, the company said. The Kwoks own $18.3 billion (11.5 billion pounds), the second-biggest family fortune in Hong Kong after Asia's richest man, Li Ka-shing, founder...
Hong Kong's Hutchison Whampoa, controlled by Asia's richest man Li Ka-shing, said Thursday its 2011 net profit leapt 178 percent thanks to strong recurring revenue, earnings and cashflow growth.The conglomerate … (read the news…) Related items Hong Kong Property: Is Li Ka-Shing Really That Bullish? Third Kwok brother held in Hong Kong graft probe...
HONG KONG (Reuters) – Hong Kong's Independent Commission Against Corruption on Thursday arrested the chairmen of Sun Hung Kai Properties, brothers Raymond and Thomas Kwok, on suspicion of corruption, the company said. The Kwoks own $18.3 billion, the second-biggest family fortune in Hong Kong after Asia's richest man, Li Ka-shing, founder of rival developer...
Singapore -(Dow Jones)- Singapore-listed real estate fund manager ARA Asset Management Ltd. (D1R.SG), an affiliate of Hong Kong tycoon Li Ka-shing's Cheung Kong (Holdings) Ltd. (0001.HK), is exploring the possibility of a yuan-denominated initial public offering of some of its Asian assets in Singapore this year, people familiar with the situation said Tuesday, in...
Hong Kong businessman , Asia's wealthiest person, on Friday publicly backed??the struggling candidacy of Henry Tang in the March 25 election for chief executive??of the former British colony. ??"His experience and work in the administration are good for Hong Kong," the South China Morning Post quoted Li as telling a local television station in...
Asia's richest man, Li Ka-shing, voiced his support for scandal-plagued candidate Henry Tang to become Hong Kong's next leader in this month's "small circle" elections. (read on…) Related items Hong Kong election hinges on Chinese whispers Hong Kong’s Tang Says All Scandals Out in Public Ahead of Leadership Vote Tang confirms bid to be...
