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February 24, 2011

London-based property group Capital & Counties (CapCo) is in talks with one of Hong Kong’s wealthiest families, the Kwoks, to provide funding for the redevelopment of London’s Earls Court site, according to reports in the Financial Times.

London-based property group Capital & Counties (CapCo) is in talks with one of Hong Kong’s wealthiest families, the Kwoks, to provide funding for the redevelopment of London’s Earls Court site, according to reports in the Financial Times.

February 2, 2011

Family-controlled media group Lagardere announced on 31 January that it is to sell its international magazine business to fellow family publisher Hearst Corporation for €651 million in cash.

Family-controlled media group Lagardere announced on 31 January that it is to sell its international magazine business to fellow family publisher Hearst Corporation for €651 million in cash.

The US-based publisher will take control of 102 magazine titles in 15 countries from the US to Hong Kong – a business which had revenues of €774 million last year.

January 28, 2011

Fashion group Prada said it plans to list its shares in the Hong Kong Stock Exchange, as it looks to exploit its name in Asia where it sells a sizeable chunk of its brands.

Fashion group Prada said it plans to list its shares in the Hong Kong Stock Exchange, as it looks to exploit its name in Asia where it sells a sizeable chunk of its brands.

Analysts say that the initial public offer could value Prada at more than $8 billion. With demand for luxury goods on the rise in Asia, Prada has bargained that the timing of the listing would be ideal.

January 26, 2011

Stanley Ho, the Hong Kong and Macau-based casino king, has often been a controversial figure during his long career as one of East Asia’s better-known entrepreneurs.

Stanley Ho, the Hong Kong and Macau-based casino king, has often been a controversial figure during his long career as one of East Asia's better-known entrepreneurs.

According to some sources, the casino and property entrepreneur has allegedly been linked to the Chinese organised crime group, the Triads, and allegedly collaborated with the Japanese during World War II.

Not the sort of background – it might be felt – you would want hung out for wider scrutiny.

January 25, 2011

Macao casino billionaire Stanley Ho has accused his family of stealing his shares in SJM Holdings without his consent, raising debate about who would succeed Ho in the billion-dollar business.

Macao casino billionaire Stanley Ho has accused his family of stealing his shares in SJM Holdings without his consent, raising debate about who would succeed Ho in the billion-dollar business.

A filing with the Hong Kong stock exchange reveals that Ho's shares in the holding company have been divided between his wives and children. Ho, chairman of SJM, said through his lawyer that he had not authorised this transfer of shares to his family.

January 18, 2011

Hong Kong-based conglomerate Hutchison Whampoa, controlled by billionaire Li Ka-shing, announced on 17 January plans to list its new entity, Port Holdings Trust. The initial public offering could be Singapore’s biggest ever and add significantly to the fortunes of Hong Kong’s wealthiest man.

Hong Kong-based conglomerate Hutchison Whampoa, controlled by billionaire Li Ka-shing, announced on 17 January plans to list its new entity, Port Holdings Trust. The initial public offering could be Singapore’s biggest ever and add significantly to the fortunes of Hong Kong’s wealthiest man.

The world’s largest container-terminal operator plans to list its deep-water port holdings in Hong Kong and southern China, while still retaining a 25% stake in the trust that currently owns the terminals.

October 7, 2010

Prada, the Italian fashion house controlled by the husband and wife team of Miuccia Prada and Patrizio Bertelli, are looking at tapping the public markets to raise money for expansion and alleviate debt.

Prada, the Italian fashion house controlled by the husband and wife team of Miuccia Prada and Patrizio Bertelli, are looking at tapping the public markets to raise money for expansion and alleviate debt.
 
Reports said Prada is considering listing in Hong Kong as the company targets strong growth in China, likely to be the biggest luxury market in the world in the next five years.
 

August 6, 2010

Hutchison Whampoa, the Hong Kong-based company controlled by Li Ka-shing, announced better than expected results for the first half of 2010 on the back of growth in its ports, property and retail businesses and smaller than predicted losses in its mobile phone operations.

Hutchison Whampoa, the Hong Kong-based company controlled by Li Ka-shing, announced better than expected results for the first half of 2010 on the back of growth in its ports, property and retail businesses and smaller than predicted losses in its mobile phone operations.
 
The group's profits were up 12% to HK$6.5 billion compared with the same period last year, while losses in the 3G mobile phone business showed an 82% fall, shrinking to HK$998 million, compared with HK$5.5 billion for first half of 2009.

July 30, 2010

Li Ka-shing, the 82-year-old head of the Cheung Kong Group of companies, shows no signs of taking a back seat in his business empire as he leads a £5.8 billion acquisition bid for the UK electricity grid owned by EDF energy.

Li Ka-shing, the 82-year-old head of the Cheung Kong Group of companies, shows no signs of taking a back seat in his business empire as he leads a £5.8 billion acquisition bid for the UK electricity grid owned by EDF energy.  
 
One of Hong Kong's most famous businessmen is making the offer though Cheung Kong Infrastructure Holdings and Hong Kong Electric Holdings, both of which are subsidiary companies of the main conglomerate, and the Li Ka-shing foundation.
 

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