CK Hutchison Holdings patriarch to step aside
Hong Kong billionaire Li Ka-Shing, 88, has announced he will step down as the chairman of multinational conglomerate CK Hutchison Holdings, which he founded more than 60 years ago.
Li turns 89 in July and said he was unlikely to resign before his 90th birthday. A story by MarketWatch named son and deputy president Victor Li as his likely successor. The younger Li has spent more than 30 years working under his father.