CK Hutchison Holdings, one of the flagship companies of billionaire Li Ka-shing, has no plans to sell ParknShop in Hong Kong to one of its largest competitors, according to a senior executive of the supermarket chain’s owner and operator. “There is really no such plan to sell ParknShop,” said Dominic Lai, group co-managing director of CK Hutchison, responding to a question at the company’s annual general meeting on Thursday. The group had been reported to be in talks with Jardine Matheson about...
Hong Kong tycoon Li Ka-shing’s charity will expand support for liver cancer patients by subsidising surgery fees for 200 patients over the next three years, enabling access to cutting-edge treatment at a cost of HK$50,000 (US$6,380). Announcing the initiative on Wednesday, the Li Ka Shing Foundation said eligible patients would be selected by three partnering private hospitals to undergo histotripsy surgery, which typically costs about HK$260,000 for Hong Kong identity card holders. Histotripsy...
CK Hutchison Holdings’ shares climbed to their highest level since 2020 after the conglomerate announced plans to exit the UK mobile market, signalling that investors believe the Li family may once again have timed an industry peak before the broader market. Shares rose about 12 per cent to HK$73.30 on Monday from the May 5 close, after the company said it would sell its 49 per cent stake in VodafoneThree for US$5.8 billion. CK Hutchison said the disposal was expected to generate a gain of about...