Hong Kong’s billionaire Kwok family is unusually exposed to the sectors hit hardest by the economic unrest from the city’s ongoing protests, Bloomberg reported. Some of the properties owned by the family’s real-estate developer, Sun Hung Kai Properties, have become sites of the protests, according to Bloomberg. Several of Hong […]
Li Ka-Shing, the richest man in Hong Kong, announced on June 16 that his foundation will cover the entire cost of the tuition for Shantou University’s incoming class for up to five years. The pledge will cost him $US14.4 million a year, according to the BBC. Li’s announcement comes a […]
Hong Kong-based CK group has been formally told its $13 billion bid to buy gas pipeline operator, APA Group, has been rejected. Treasurer Josh Frydenberg says the deal would be “contrary to the national interest”. And would mean a single foreign company group having sole ownership and control over Australia’s […]
The Federal Government is about to reject a bid by a Hong Kong company for Australia’s biggest transmission system owner, APA. Treasurer Josh Frydenburg says his preliminary view is that the takeover by Li Ka-shing’s CK Group would not be in the national interest. He will make a final decision […]
German app-only bank N26 is launching in the UK on Thursday. The startup, which is backed by Peter Thiel’s Valar Ventures, already operates in 17 countries across Europe and has 1.5 million customers. N26 plans to launch in the US early next year and wants to “build the world’s first […]
Hong Kong billionaire Li Ka-shing’s CK Infrastructure Holdings Limited has launched a $13 billion takeover for the APA Group, which owns transmission pipelines delivering half of Australia’s gas usage. APA says it received an unsolicited proposal from a consortium led by CK Infrastructure Holdings Limited, made up of CK Asset […]
German app-only bank N26 recruiting a manager...
Energy utility assets group Duet has accepted a $7.37 billion takeover offer from a consortium led by Hong Kong billionaire Li Ka-shing’s Cheung Kong Infrastructure Holdings (CKI) Duet’s shares were up 5% to $2.925 after the $3.03 a share bid by a consortium of related companies — Cheung Kong Property […]
Energy utility Duet Group has received a $7.3 billion takeover offer from Hong Kong billionaire Li Ka-shing’s Cheung Kong Holdings. The bid is for $3 cash a share, a 27.6% premium to Friday’s close of $2.35. “The boards of the Duet Group are currently evaluating the proposal and at this […]
Number26, a German digital-only bank designed...
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Often called “Superman,” Li Ka-shing has an incredible “rags-to-riches” story that saw him go from being impoverished in southern China to building a conglomerate that spans across 50 countries and 323,000 employees. Li’s investment firm CK Asset Holdings, now run by his son Victor, will acquire British pub chain Greene […]
An incredible life story.
It means the UK's network providers would be reduced from 4 to 3.