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Li Ka-shing to Plan Retirement by Next Year, WSJ Reports

  • Tycoon would stay on as senior adviser, according to newspaper
  • Li is Hong Kong’s richest man and ranks second in Asia
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CK Hutchison's Li Ka-shing Plans to Step Down

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Billionaire Li Ka-shing told associates that he plans to retire by next year as chairman of his flagship CK Hutchison Holdings Ltd., the Wall Street Journal reported, citing unidentified people familiar with the matter.

Li hasn’t specified a date but is likely to step down by his 90th birthday in July next year, the newspaper reported. The tycoon plans to remain as senior adviser and keep his office atop CK Hutchison’s headquarters building in downtown Hong Kong, according to the report.