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Whitburn, the United Kingdom – When Hong Kong billionaire Li Ka-shing’s CK Group agreed to sell a 25 percent stake of its UK-based water company to New York-listed investment giant KKR, the investment was enthusiastically received in financial circles across Asia. Since late last year, the Environment Agency and The Water Services Regulation Authority or Ofwat have been carrying out …
Hong Kong: As Hong Kong’s fortunes swelled alongside mainland China’s, the city’s richest man was already investing elsewhere. Years of diversification into Europe, North America and Australia have made CK Hutchison the least exposed among Hong Kong conglomerates to the months-long political protests against Beijing’s grip over the semi-autonomous city. Li, 91, saw the risks of placing all his bets …
