Property News · March 19, 2020

All eyes are on Victor Li, as he steers the Cheung Kong Group through Hong Kong’s worst economic slump in decades


Victor Li Tzar-kuoi, the elder son of Hong Kong’s richest man, said the two flagship companies founded by his father nearly seven decades ago are financially adequate to survive and thrive in the city’s worst economic slump in decades.CK Hutchison, which owns businesses from chemists and supermarkets to ports and mobile phone networks, posted a 2 per cent increase in 2019 net profit to HK$39.83 billion (US$5.13 billion). Underlying profit at CK Assets, one of the city’s largest property…

Source : South China Morning Post
Read more…All eyes are on Victor Li, as he steers the Cheung Kong Group through Hong Kong’s worst economic slump in decades