Li Ka Shing

[helios]

Oh.

He's a widow now right?

Thanks for the book ..............

[kennynah]

He married the boss's daughter to get a big head start in life.

驸马爷

[winston]

He's a widow now right?

He's a widow but it does not mean that he does not have a companion

[kennynah]

actually, why the question of whether he is widower or otherwise?

[Poles]

Nov 3, 2010
Li Ka Shing is a 'devil'

HONG KONG - A HONG Kong Catholic priest has called the city's richest man Li Ka Shing a 'devil', weeks after the tycoon made headlines by pledging to give millions to the poor.

Father Thomas Law made the remarks after a weekend Halloween party, saying Hong Kong's property developers - not spirits - are the real demons, local media reported.

Father Law made the remarks in connection with growing criticism that property companies are fudging the size of residential apartment units in the densely populated city of seven million people.

'If Li Ka Shing were to come tonight, that would sure scare the heck out of us,' the outspoken priest told reporters after the party.

'(He) is the true devil that kills people,' Father Law added.

The South China Morning Post on Wednesday quoted Father Law as saying: 'I have nothing to say about the incident... But I only hope there will be more angels in Hong Kong.

'God hears the prayers of the poor people, but in our city the general public has no voice while the rich people do'. -- AFP

http://www.straitstimes.com/BreakingNew ... 98761.html

[Poles]

sorry Boss...i post under SG housing "just for laugh" ....hoping someone will tell me who's the devil in SGP

[winston]

Li Ka-Shing Dismisses ‘Hard Landing’ Risk for China as Global Growth Slows By Mark Lee and Kelvin Wong

Li Ka-shing, the Hong Kong billionaire who predicted China’s 2008 stock market decline, said the nation’s economy will avoid a hard landing even as global growth slows.

“Every task that’s carried out in China these days has gone through careful consideration,” Li, 83, told reporters in Hong Kong yesterday. “I don’t think there’ll be a hard landing and I’m not concerned.”

Premier Wen Jiabao’s policies to rein in consumer and property prices have raised concerns they will trigger a slowdown in the economy that’s been the main contributor to global growth.

Li is sitting on cash after his companies sold $7.1 billion worth of shares in a container-terminal operator and real estate trust this year.

Sitting on Cash

“For the whole group we have a lot of cash,” Li said referring to Cheung Kong, Hong Kong’s second-largest developer by value. “We have many opportunities in front of us.”

Cheung Kong said yesterday first-half profit almost tripled after contributions from units including Hutchison increased and on gains from the spin off of assets including several properties in Beijing.

Net income climbed to HK$33.3 billion ($4.27 billion) from a restated HK$12.3 billion, the company said in a Hong Kong stock exchange filing yesterday. That missed the median HK$34.9 billion estimate of five analysts surveyed by Bloomberg News.

Net income at Hutchison Whampoa, whose businesses include Husky Energy Inc. (HSE) in Canada and 3 Group in Europe and Australia, jumped to HK$46.3 billion from HK$6.3 billion.

“Globally there’re many places that deserve our concern,” Li said. “Many countries are facing debt problems.”

Superman Nickname
Li, nicknamed “superman” by the local media for his investing prowess, opened a plastic flower factory after World War II and began investing in Hong Kong real estate in 1967 after riots from China’s Cultural Revolution depressed prices.

Li was ranked the world’s 11th wealthiest by Forbes magazine in March after his net worth increased $5 billion to $26 billion. He forecast in 2007 that China’s stock-market bubble would burst and in 2009 predicted the rally in Hong Kong home prices. The Shanghai Composite Index lost 65 percent in 2008, the most among the world’s 10 biggest stock markets.

Cheung Kong sold the most apartments among the city’s developers in the first half when home prices rose 12 percent. The company in April raised 10.5 billion yuan ($1.6 billion) when it listed Hui Xian Real Estate Investment Trust.

“Property sales were significantly higher than we expected,” said Paul Louie, a Hong Kong-based analyst at Nomura International Hong Kong Ltd. “The results continue to highlight this is a business which is turning out strong earnings and strong cash flows.”

‘Invest More’

Cheung Kong and its partners have added land holdings in Hong Kong over the past six months that amount to more than 127,000 square meters of gross floor area, the statement said.

“For Cheung Kong’s property businesses, our policies over the past several decades has been to invest more when the market slows down,” Li said. “In today’s market when we see this approach to be appropriate, we’ll do it.”

http://www.bloomberg.com/news/2011-08-0 ... noffs.html

[winston]

Li Ka-shing & Family
Country: Hong Kong
Businesses: Cheung Kong, PCCW, Hutchison Whampoa
Estimated net worth: $32 billion

Li Ka-shing is considered one of the most powerful business figures in Asia, and his companies have a total market cap of $92 billion (HKD 710 billion) on the Hong Kong stock exchange.

Starting from humble beginnings, the Chinese business magnate quit school at age 12 and fled from mainland China to Hong Kong with his family in 1928.

After working at a plastics company, Ka-shing (pictured - right) started his own plastic manufacturing business at age 22, which is now Cheung Kong Industries — one of Hong Kong’s leading real estate investment firms.

The business was publicly listed in 1972 and continued to expand, acquiring Hutchison Whampoa and Hong Kong Electric, to name a few.

Ka-shing’s business is now so diversified that it includes everything from shipping and telecommunications to biotechnology, and operates companies in China, the U.K., and Australia.

His two sons, Victor Tzar Kuoi (pictured), 47, and Richard Tzar Kai Li, 44, are leading businessmen in their own right.

Victor heads Cheung Kong, Hutichson Whampoa, and KC Life Sciences and is seen as the heir-apparent, while Richard is the chairman of telecommunications firm PCCW.

Eighty-three-year-old Ka-shing’s reputation for savvy business deals has earned him the nickname “superman” by local media.

In August, the tycoon made headlines by announcing the biggest takeover of a British listed company this year. He agreed to buy utility Northumbrian Water Group for $3.8 billion.

Source: CNBC

[winston]

Li Ka-Shing's Midas Touch by Russell Flannery

Asia's richest man dominates Hong Kong and holds the keys to China, but it's his brilliant tech investments, including Facebook, Siri and Spotify, that have turned heads recently.

In a rare interview Li reveals his new strategy--and where he's putting his money now.

http://www.forbes.com/forbes/2012/0326/ ... touch.html

[winston]

Li Ka-shing Says He’ll Back Son Richard’s Acquisition Plans By Mark Lee and Simon Lee

Li Ka-shing, Hong Kong’s richest man, said he will offer financial support to allow his younger son Richard Li to build businesses outside of the family’s Cheung Kong Group of companies.

Richard Li is in talks with “several sizeable enterprises” for possible acquisitions, the 83-year-old billionaire told reporters in Hong Kong yesterday, without identifying the targets. Li Ka-shing said he has set aside funding for Richard Li that is “multiple times” the son’s current assets.

http://www.businessweek.com/news/2012-0 ... tion-plans