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Modern railway station in #Jiaxing #Kashing, a renovated historical site. (at 嘉兴，jiaxing, Zhejiang Province) https://www.instagram.com/p/ChgRtyqrXoQ/?igshid=NGJjMDIxMWI=
Legendary Hong Kong tycoon Li Ka-shing hands corporate reins to son
Legendary Hong Kong tycoon Li Ka-shing hands corporate reins to son
Billionaire Li Ka-shing — one of the world’s richest men — is set to retire on Thursday ahead of his 90th birthday later this year, capping a career as one of Asia’s most storied businessmen and handing the reins of his corporate empire to his son.
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Known as Asia’s “superman,” Li was set to formally step down as … Business
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'Superman' Li Ka-shing confirms retirement at age 89
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'Superman' Li Ka-shing confirms retirement at age 89
Li Ka-shing, the Hong Kong businessman dubbed ‘Superman’, has confirmed he will retire in May ahead of his 90th birthday.
The announcement was made in a regulatory filing to the Hong Kong stock exchange via his sprawling ports-to-telecoms company CK Hutchison (CKH), which includes the UK mobile provider Three in its stable.
His other UK business interests include ownership of Northumbrian Water and the port of Felixstowe.
CKH confirmed Mr Li’s eldest son Victor would assume the chairmanship, though his father would keep an advisory role.
His retirement will bring the curtain down on a career in business spanning 75 years that has earned him a net worth of $35bn (£25bn), according to Forbes, ranking him in the top 30 richest people in the world.
The story of how he achieved his success is one of rags to riches, however he has always stayed true to his humble roots in China by refusing many of the trappings of wealth and giving over $2bn to charitable causes.
After fleeing war in China aged 12, Mr Li started out in his early teens working for a Hong Kong plastics firm to provide for his family after dropping out of school.
His first solo venture was making and exporting plastic flowers – sowing the seeds for an empire that would eventually span more than 50 countries and earning the jovial entrepreneur the nickname ‘Superman’ in his adopted home of Hong Kong.
He received an honorary knighthood from the Queen in 2000.
Confirmation of his retirement coincided with the release of Hutchison’s annual results showing a 6% increase in profits to $4.5bn.
Mr Li said: “Healthy and synchronised growth in major economies gathered pace in 2017.
“Provided this trend continues and inflation remains benign, the environment in 2018 should remain supportive for global trade and for our businesses.”
Hong Kong's Richest Man Li Ka-Shing To Retire
Hong Kong’s Richest Man Li Ka-Shing To Retire
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Hong Kong’s richest man Li Ka-shing’s flagship CK Hutchison controls diverse assets in over 50 countries
Hong Kong, China: Hong Kong’s richest man Li Ka-shing announced Friday he was stepping down as chairman of his flagship company CK Hutchison, marking the end of an era for one of the world’s most storied tycoons.
Li, a wartime refugee, got his start in 1950…
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Li Ka-shing — Hong Kong's richest man — announces his retirement
Li Ka-shing — Hong Kong's richest man — announces his retirement
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'Superman' Li Ka-shing confirms retirement at age 89 - http://bit.ly/2tTTcMA - #Age, #Confirms, #Kashing, #Li, #News, #Retirement, #Superman
Li Ka-shing, Hong Kong’s Richest Man, Will Retire, Ending an Era
Li Ka-shing, Hong Kong’s Richest Man, Will Retire, Ending an Era
Advertisement HONG KONG — Li Ka-shing, a high school dropout who got his start selling plastic flowers, will retire from the empire that made him Hong Kong’s richest man, he said on Friday, bringing a symbolic end to an era when the road to China’s riches went through the onetime British colony. Mr. Li, 89, who some called Superman for his business acumen, gr… NYT > Business Day
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Li Ka-Shing: Asia's second-richest person retires
Li Ka-Shing: Asia’s second-richest person retires
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Asia’s second-richest person, Hong Kong’s Li Ka-Shing, is retiring from leading his business empire.
Mr Li, aged 89, whose wealth has been put at $35.3bn (£25.3bn) by Forbes, is handing over the reins to his eldest son, Victor Li.
His CK Hutchison Holdings and CK Asset Holdings…
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