- Title: Hong Kong tycoon Li Ka-shing refutes retirement reports
- Date: 21st June 2017
- Summary: HONG KONG, CHINA (JUNE 21, 2017) (REUTERS) EXTERIOR OF HONG KONG TYCOON LI LI KA SHING'S OFFICE BUILDING, CHEUNG KONG CENTRE WALKWAY WITH PEOPLE WALKING CHUENG KONG FLAG WAVING
- Embargoed: 5th July 2017 09:54
- Keywords: Li Ka-shing Hong Kong tycoon retirement reports
- Location: HONG KONG, CHINA
- City: HONG KONG, CHINA
- Country: China
- Topics: Company News Markets,Economic Events
- Reuters ID: LVA0016M80JV1
- Aspect Ratio: 16:9
- Story Text: Hong Kong's richest man, Li Ka-shing said on Wednesday (June 21) he has not decided when to retire and will stay as group senior advisor after he steps down as chairman of CK Hutchison Holdings.
Li's comments come a day after the Wall Street Journal reported the tycoon had told associates he planned to retire by his 90th birthday in July next year.
Li told local media he was in very good health and he intends to still keep his eldest son, Victor, 52, as his successor.
With a net worth of $33.2 billion, Li is symbolic of a generation of self-made Hong Kong businessmen who tapped into the former fishing village's rapid development in the 60s and helped turn a small city into a financial hub.
- Copyright Holder: REUTERS
- Copyright Notice: (c) Copyright Thomson Reuters 2017. Open For Restrictions - http://about.reuters.com/fulllegal.asp
- Usage Terms/Restrictions: None