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li ka-shing

March 22, 2018

Hong Kong’s highest profile family business patriarch, Li Ka-Shing, is to retire in May, passing several chairman roles to his 53 year-old son, Victor.

Hong Kong’s highest profile family business patriarch is to retire in May, passing several chairman roles to his 53 year-old son, Victor.

A high school dropout dubbed ‘Superman’ for his deal-making abilities, 89-year-old Li Ka-Shing is to step down as the chairman of CK Hutchison Holdings (CKHH) and CK Asset Holdings (CKAH), which he built from a small manufacturer making plastic flowers to a sprawling $100 billion telecoms to property empire.

January 22, 2014

Family business patriarch Li Ka-shing, who is also Asia's richest man, has raised $3.1 billion (€2.3 billion) dollars through an IPO of a division of his electric company.

Family business patriarch Li Ka-shing, who is also Asia's richest man, has raised $3.1 billion (€2.3 billion) dollars through an IPO of a division of his electric company.

HK Electric Investments – a subsidiary of Power Assets, which is indirectly controlled by Li's flagship company, Hutchison Whampoa – listed 4.43 billion units at HK$5.45 (€0.51) each.

August 9, 2013

American Greetings Corporation returns to full family ownership, Wal-Mart mulls bid for Hong Kong supermarket chain, and Indian family firm announces expansion plans.

American Greetings Corporation returns to full family ownership, Wal-Mart mulls bid for Hong Kong supermarket chain, and Indian family firm announces expansion plans.

American Greetings Corporation
American Greetings Corporation has returned to private ownership, following a $612 million (€458 million) buyout by the Weiss family – descendants of Jacob Sapirstein who founded the company in 1906.

August 24, 2012

Carlos Slim’s America Movil hit the news again this week with an announcement of consolidation efforts and revelations of a new acquisition target.

Carlos Slim’s America Movil hit the news again this week with an announcement of consolidation efforts and revelations of a new acquisition target.

Mexico City-based America Movil said it will delist Telmex – also a company owned by Slim – from the Mexican and New York stock exchanges. The communications giant is to buy the remaining 2.79% of Telmex it doesn’t already own.

America Movil is also reportedly looking to acquire a stake in Warsaw-based Hawe, a holding company focusing on telecommunication.

August 7, 2012

It can be hard for founders to let go of their businesses. But if the family firm is going to survive they’ve got to know when the buzz is gone. 

The names trip easily off the tongue: Rothschild, Rockefeller, Sainsbury—the world is awash with great business dynasties. And, with one-third of Fortune 500 companies remaining in family hands, what are the best ways of securing the family fortunes through the generations? How can families pursue successful succession strategies?

August 3, 2012

It’s not been the best of weeks for Asian business magnet Li Ka-shing, whose flagship companies Cheung Kong and Hutchison Whampoa both reported mixed results, but a number of other family businesses, including Toyota, have fared better. 

It’s not been the best of weeks for Asian business magnet Li Ka-shing, whose flagship companies Cheung Kong Holdings and Hutchison Whampoa both reported mixed results, but a number of other family businesses, including Toyota, have fared better.

At Cheung Kong, six-month revenues were 32% lower at HK$17.72 billion (€1.85 billion), compared to HK$26.1 billion during the same period last year. The company, controlled by Li and his family, blamed a slower-than-expected Chinese housing market.

July 25, 2012

It has been a week of consolidations in the family business world – German firm Bosch is to acquire fellow family-owned Ampack, a Hong Kong group is eyeing a non-family company in the UK, while an Indian conglomerate wants to make its mark in Australia.

It has been a week of consolidations in the family business world – German firm Bosch is to acquire fellow family-owned Ampack, a Hong Kong group is eyeing a non-family company in the UK, while an Indian conglomerate wants to make its mark in Australia.

May 28, 2012

Li Ka-shing is planning to offer financial support to help his younger son Richard to build his own business empire, while eldest son Victor will take charge of Cheung Kong Holdings and Hutchison Whampoa when the 83-year-old billionaire decides to step down.

Li Ka-shing is planning to offer financial support to help his younger son Richard to build his own business empire, while eldest son Victor will take charge of Cheung Kong Holdings and Hutchison Whampoa when the 83-year-old billionaire decides to step down.

Speaking at a shareholders meeting on 25 May, Li confirmed that although he has no plans to retire, Victor will take the helm when he does.

January 6, 2012

Hong Kong’s three richest individuals are all family business owners but their fortunes declined last year as economic growth slowed in China, according to the city-state's latest rich list.

Hong Kong’s three richest individuals are all family business owners but their fortunes declined last year as economic growth slowed in China, according to the city-state's latest rich list.

Forbes magazine said Li Ka-shing, the 83-year-old chairman of family-controlled conglomerates Hutchison Whampoa and Cheung Kong Holdings, is Hong Kong’s wealthiest individual with approximately $22 billion (€17.2 billion) in assets. This represents an 8% decline from last year’s $24 billion.

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