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CHINA has instructed state-owned firms to pause new deals with businesses linked to Hong Kong billionaire Li Ka-shing and his family after his plan to sell two ports in Panama to a BlackRock-led consortium, Bloomberg News reported on Thursday.
HONG KONG: A pro-Beijing newspaper has called on CK Hutchison Holdings Ltd to pull out from an agreement to sell its ports on the Panama Canal to a group led by BlackRock Inc, marking an escalation of a pressure campaign on billionaire Li Ka-shing over the deal.
Sources say Hong Kong government approached Hutchison immediately after learning on March 4 about the surprise deal to sell its port operations
The company said the loss for 2024 could come in at HK$126.6 million (US$16.3 million) versus a profit of HK$17.3 million the previous year
After a lifetime of dealmaking, 96-year-old Hong Kong billionaire Li Ka-shing may have just pulled off one of his boldest transactions yet.
Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Thursday (March 27, 2025)
Lee gave away some of his US$29.2 billion fortune to fund education, provide housing and elderly care for the city's underprivileged
Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Saturday (March 22, 2025)
GREAT investors rarely fear tumultuous times.
BEIJING: Chinese authorities have increased pressure on CK Hutchison Holdings Ltd over its plan to sell its Panama ports stake by sharing a second newspaper commentary attacking the deal.
Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Wednesday (March 5, 2025)
HONG KONG: In Hong Kong’s Tsim Sha Tsui district, the mock classical 1881 Heritage mall used to lure queues of mainland Chinese tourists eager to shop at boutiques operated by brands such as Tiffany, Cartier and Chopard.
US President Donald Trump's claim that China controls the Panama Canal has placed a Hong Kong tycoon and his conglomerate at the heart of a showdown between the United States and China.
Ma Ah-muk bought the floors in 2018 from Li Ka-shing’s CK Asset as part of what was then the world’s priciest property transaction.
No one’s property in Hong Kong epitomises the pain in the office market better than real estate legend Li Ka-shing’s.
Ma Ah-muk bought the floors in 2018 from Li Ka-shing’s CK Asset as part of what was then the world’s priciest property transaction
Billionaires Li Ka-shing, Lee Shau-kee, and Henry Cheng are once again the three wealthiest people in Hong Kong, according to Forbes.
HONG KONG magnate Li Ka-shing lost $1.5 billion in a day, with the value of his sprawling business empire tumbling along with the historic decline in the pound.
HONG KONG (Bloomberg): Hong Kong tycoon Li Ka-shing’s private investment firm Horizons Ventures Ltd is opening a Singapore office to find new deals and support portfolio companies trying to expand in Asia.
Horizons Ventures, the private investment arm of Hong Kong’s best known billionaire, Li Ka-shing, said its investments in sustainability projects from “edible plastic” to fake leather and plant-based chicken nuggets are ready to be scaled up to production level and help save the planet.
