A rift among two listed firms controlled by Hong Kong’s richest man Li Ka-shing is deepening after a HK$1.87 billion property deal collapsed Wednesday, raising speculation that a new generation of Li-family leadership is beginning to assert itself in strategic decision making, overriding the old guard.
A plan by Prosperity Real Estate Investment Trust (Prosperity Reit) to acquire a commercial property in Kwun Tong for HK$1.87 billion was abandoned after its substantial shareholder, Chueng…
Source : South China Morning Post
Read more…Aborted property acquisition points to power shift at Li Ka-shing controlled companies















