Li Ka-shing's conglomerates move closer to complete restructuring

April 20, 2015 3:09 PM

55 0

Li Ka-shing's conglomerates move closer to complete restructuring

HONG KONG (Reuters) - Hutchison Whampoa Ltd (0013.HK), controlled by Asia's richest man Li Ka-shing, and CK Hutchison Holdings Ltd (0001.HK) said on Monday their shareholders have approved their reorganization proposal, bringing it a step closer to completion.

Li's property flagship Cheung Kong had in February sought shareholders' approval for part of the restructuring plan that changed the company name and switched its incorporation base to the Cayman Islands.

Also read: Isiah Thomas gleefully held up a Crying Jordan sign during Indiana win

Read more

To category page

Loading...