Pursuits
Li Ka-shing Says He’ll Back Son Richard’s Acquisition Plans
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Li Ka-shing, Hong Kong’s richest man, said he will offer financial support to allow his younger son Richard Li to build businesses outside of the family’s Cheung Kong Group of companies.
Richard Li is in talks with “several sizeable enterprises” for possible acquisitions, the 83-year-old billionaire told reporters in Hong Kong yesterday, without identifying the targets. Li Ka-shing said he has set aside funding for Richard Li that is “multiple times” the son’s current assets.