Investor Alert

New York Markets Open in:

March 22, 2019, 4:28 p.m. EDT

Hong Kong : Li Ka-Shing's son stumbles in year since fathers retirement

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

or Cancel Already have a watchlist? Log In

Mar 22, 2019 (Euclid Infotech Ltd via COMTEX) -- Following in his father's footsteps was always going to be a challenge for CK Hutchison Holdings Ltd's Victor Li.

Li Ka-shing, the self-made billionaire who over seven decades turned a plastic flower business into a global empire spanning ports and property to telecommunications and retailing, last March announced he would retire. He then handed the top position at the family-controlled conglomerate to his eldest son.

Twelve months later, Victor Li, 54, has learned a tough lesson about being the follow-up act to a legendary figure in Hong Kong and investors have been pretty unforgiving so far.

The stock price of the family's flagship company, CK Hutchison, has dropped 16 per cent in the year since Li Ka-shing announced his retirement. During that time, the benchmark Hang Seng Index has fallen 8.1 per cent.

This Story has 0 Comments
Be the first to comment

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.