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CK Asset Holdings

August 22, 2019

 

Hong Kong’s richest family buys Britain’s biggest pub chain, Billionaire Koch brothers sells Canadian assets to Riddle family subsidiary and Danish retail billionaire Lars Larsen dies age 71.

Hong Kong’s richest family buys Britain’s biggest pub chain

Hong Kong’s richest man Li Ka Shing’s property investment arm has bought 220-year-old UK pub and brewery company Greene King in a deal worth $5.59 billion.

CK Asset Holdings (CKA), founded by Li and chaired by Li’s eldest son, Victor Li Tzar Kuoi, will pay $3.28 billion for the brewery company, founded in 1799 and take on its debt, worth an additional $2.31 billion.

March 22, 2018

Hong Kong’s highest profile family business patriarch, Li Ka-Shing, is to retire in May, passing several chairman roles to his 53 year-old son, Victor.

Hong Kong’s highest profile family business patriarch is to retire in May, passing several chairman roles to his 53 year-old son, Victor.

A high school dropout dubbed ‘Superman’ for his deal-making abilities, 89-year-old Li Ka-Shing is to step down as the chairman of CK Hutchison Holdings (CKHH) and CK Asset Holdings (CKAH), which he built from a small manufacturer making plastic flowers to a sprawling $100 billion telecoms to property empire.

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