Li Ka Shing

Re: Li Ka Shing

Postby winston » Sun Jul 27, 2014 8:18 pm

Asian Billionaire's words of wisdom - Li Ka Shing

http://www.youtube.com/watch?v=PkTowz7ND-Q
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Li Ka Shing

Postby winston » Fri Aug 15, 2014 5:44 am

Li asset sales hit $100b

Li Ka-shing has divested more than HK$100 billion worth of assets, primarily from Hong Kong and the mainland, in the past 12 months, according to state media.

The latest deal involves Hutchison Harbour Ring (0715), controlled by Hutchison Whampoa (0013), which sold a 71.4 percent stake to Shenzhen-listed Oceanwide Holdings for up to HK$3.8 billion.

Li also cashed in more than 2.7 billion yuan (HK$3.4 billion) from a number of sales of its stake in Shanghai-listed electronics products manufacturer ChangYuan Group - controlled by Li via a unit of Cheung Kong Holdings (0001), Securities Daily reported.

Two other major transactions involved a HK$44 billion stake sale of global health and beauty retailer AS Watson to Singapore state investment firm Temasek, and HK$24.1 billion from spinning off Hongkong Electric Investments (2638).

The remaining sales comprised of 1.54 billion yuan sale of a Shanghai office as a minority stake at ARA Asset Management last week, along with HK$25 billion earned from offloading local and mainland properties.

At the same time, Li's conglomerate is boosting its overseas investments.

Last week Cheung Kong Infrastructure (1038) secured backing to buy Australian gas distributor Envestra for A$2.2 billion (HK$15.9 billion).

Source: The Standard HK

http://www.thestandard.com.hk/news_deta ... 40815&fc=8
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Re: Li Ka Shing

Postby behappyalways » Tue Jan 13, 2015 1:38 pm

Asia's richest man just got much wealthier
http://money.cnn.com/2015/01/12/investi ... index.html
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Re: Li Ka Shing

Postby behappyalways » Mon Jan 19, 2015 1:20 pm

Superman sheds his concubines

Asia’s most successful tycoon has many reasons for shaking up his empire

LI KA-SHING has long been Asia’s premier dealmaker. For decades he has shrewdly been buying and selling holdings in energy, telecoms, retail and property. The value of his sprawling empire is now approaching $100 billion. His acumen has made the octogenarian Mr Li one of Asia’s richest men, and earned him the nickname of Superman in his adopted home of Hong Kong.

Age has not wearied Mr Li’s dealmaking nous, and now he has made himself instantly richer by announcing a plan to simplify his business empire’s complex structure. At the moment, most of his assets are in two sprawling, listed conglomerates, Cheung Kong and Hutchison Whampoa. He also controls Husky Energy, a Canadian firm. Under the new plan (see diagrams), the two largest firms would be merged as CK Hutchison Holdings; then their various property holdings will be spun out into a firm called CK Property. The two new entities will also be listed but Mr Li will retain control, with roughly a 30% share in each. Other shareholders must now approve the plan.

Why is Mr Li shaking things up? One reason, says the firm, is to unleash value. The current holding structure is opaque, which investors dislike. It is also messy, as it lumps together property with other assets. Investors prefer pure-play property investments. So markets have penalised the two firms’ shares. Cheung Kong has recently traded at a one-quarter discount to its net asset value, for example. Its shares and those of Hutchison rose sharply on news of the reorganisation plan.

Another reason given for the reorganisation is to make it easier for analysts to assess acquisitions the group makes. It is hard enough to understand how assets and revenues are transferred and allocated within Mr Li’s empire as a whole; harder still to evaluate an acquisition in which Cheung Kong, Hutch and other bits of the group each end up with stakes in the target business. That, he recently joked, has made it difficult for outsiders to work out which entity is the first wife and which is a concubine. Now he promises there will be “no more concubines”.

These explanations are reasonable, and the proposal has gone down well with investors. However, other factors may also be at work. Some see in the reorganisation an effort to weaken the grip of Canning Fok, Hutch’s long-standing and formidable manager. This in turn may have something to do with succession planning. Mr Li has officially anointed his elder son Victor (aged 50) as his successor, and declared that he will finance the business ventures of his younger son, Richard (48).

Others note that the plan calls for a shift in the two new companies’ registration to the Cayman Islands. This follows Mr Li’s recent sales of a number of property and other holdings on the Chinese mainland. Mr Li vehemently rejects any suggestion that he is fleeing China, pointing out that many Chinese firms are registered overseas for reasons of tax efficiency. Perhaps so, but it is just possible that the reorganisation is also designed to put at least the international bits of Mr Li’s empire out of the reach of politicians in Beijing.


Source: The Economist
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Re: Li Ka Shing

Postby behappyalways » Mon Jan 26, 2015 8:57 am

Asia's Richest Man Has Seen the Future and It's in Europe
http://www.bloomberg.com/news/2015-01-2 ... -line.html
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Re: Li Ka Shing

Postby behappyalways » Mon Jan 26, 2015 9:38 am

From 'superman' to 'big tiger', Li Ka-shing loses favour with Beijing

To mainland propaganda officials, ex-'superman' Li Ka-shing is no longer a role model for Chinese

From 'superman' to 'big tiger', Li Ka-shing loses favour with Beijing

It's official. Li Ka-shing is no longer Beijing's favourite businessman in Hong Kong.

Just a week after Li, Hong Kong's richest man and widely believed to have particularly good relations with former president Jiang Zemin, announced an overhaul of his empire, including re-registering his two new flagship groups abroad, mainland media launched a new round of war of words on Li.

Li's relationship with the mainland media has been more or less in trouble in recent years since he began to sell property assets in major cities like Beijing and Shanghai. Some mainland media began to portray Li as a speculator and even warned him that he should balance his business vision and his love for the motherland.

The Global Times, an influential sister newspaper of the People's Daily, the most authoritative mouthpiece of the Communist Party, ran an editorial last week taking a clear stance on Li, saying he is no longer an ideal role model for Chinese people. Instead, we should praise and learn more from businessmen from the younger generation like tech tycoons Jack Ma Yun of Alibaba and Lei Jun of Xiaomi.

"In comparison to the huge size of the Chinese economy, Li Ka-shing's total investment in China is now like a drop in a big ocean," the Global Times said in its editorial.

A signed commentary by a mainland columnist who described Li as a "big tiger in the property market" was published on Sina.com, China's top portal, and went viral on mainland social media. Those who follow Chinese politics will know "big tiger" is a term that became popular since Xi Jinping took power and began a nationwide anti-corruption drive against top-level corrupt officials and businessmen.

Those recently labelled "big tigers" include former security tsar Zhou Yongkang and Ling Jihua, a former top aide of ex-president Hu Jintao.

I won't list all the anti-Li articles that appeared in mainland media last week, but to me it is very clear that the propaganda officials have changed their minds and will no longer help boost the image of Li by calling him what they have for decades - "superman".

If it was just one or two articles complaining about Li's exit, then he may have little to worry about. But from Global Times to Sina, it looks more like a well-organised media campaign to announce the end of an era. If Li doesn't need China any more, Beijing doesn't need to rely on Li alone for Hong Kong affairs. Indeed, one era is over.

In Li's case, it may also reflect a long-term strategy by Beijing - the so-called "win-win" relationship. If it's not win-win, we are no longer "comrades". If that's still what top leaders like Xi believe, many overseas businessmen may have a good lesson to learn from Li's story.

Source: South China Morning Post

http://www.scmp.com/business/china-busi ... ur-beijing
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Re: Li Ka Shing

Postby winston » Sun Feb 08, 2015 7:19 am

Hutchison Whampao refutes claims of port sale

Investment Holding company, Hutchison Whampao Limited, refuted claims that it has been negotiating with four Chinese state-run companies to sell 40% of the shares of its Hutchison Port Holdings Trust, reports Chinese financial web portal Hexun.

Hong Kong's South China Morning Post said the conglomerate, owned by business tycoon Sir Li Ka-shing, has been discussing the sale with state-owned China Merchants Group, Cosco Limited, China Shipping Terminal Development, and State Development & Investment Corporation since mid 2014.

The conglomerate is currently said to hold 80% of the shares shares for the Hutchison Port Holdings Trust. The port operator, which runs 52 ports in 26 countries, is estimated to be worth HK$150-$160 billion (US$19-20 billion).

The Hong Kong news outlet said the port operator's sale may not happen since it was overvalued. A similar situation took place with Hutchison Whampao's attempt to sell its supermarket chain, ParknShop, in 2013.

This was the second time Li has made deals in regard to his port business holdings. In mid-March last year the port operator set up a joint venture with Cosco Limited, selling 40% of its shares of Asia Container Terminal Holdings Limited to the Chinese company for US$317 million.

Li has been said to be gradually selling off his assets in China and making acquisitions overseas over the past few years. Hutchison Whampao is currently looking to buy British telecom operator O2, a subsidiary of Spanish telecom operator Telefonica Sa. HSBC Holdings reportedly offered the Hong Kong conglomerate a US$9 billion loan to complete the acquisition, according to the Wallstreetcn, a Chinese-language financial news website.

The tycoon has also been relocating his business empire out of Hong Kong since it can be better protected as a foreign company, said Shirley Yam, a columnist for the South China Morning Post.

Li's Cheung Kong Holdings announced on Jan. 9 that Cheung Kong and Hutchison Whampao are set to merge and restructure, creating two new listed companies, CKH Holdings and CK Property, both of which will be registered in the Caymen Islands.

Source: Want China Times
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Li Ka Shing

Postby behappyalways » Thu Jun 04, 2015 12:50 pm

長地掛牌 李嘉誠身家進賬800億
長和系市值增2,660億
http://hk.apple.nextmedia.com/financees ... 1433299518
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Re: Li Ka Shing

Postby behappyalways » Wed Jun 24, 2015 11:37 am

政改否決 李嘉誠:非常失望
http://hk.apple.nextmedia.com/news/art/ ... 1435113574
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Re: Li Ka Shing

Postby winston » Sun Jun 28, 2015 12:56 pm

How Li Ka-shing became the richest man in Hong Kong

by CHRISTI DANNER

http://www.businessinsider.com.au/heres ... -factory-1
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