Hong Kong Tycoon Li Ka-shing Misses His Company's AGM Due to Sickness
Yicai Global
/SOURCE : Yicai
Hong Kong Tycoon Li Ka-shing Misses His Company's AGM Due to Sickness

Chairman of CK Hutchison Holdings Ltd - Li Ka-shing


(CBN - Global) May 13 -- CK Hutchison Holdings Ltd. [HK:0001] Chairman Li Ka-shing, 87, missed its annual general meeting today because of illness, the South China Morning Post reports.

"The chairman has gastroenteritis," son and vice chairman, Mr. Victor Li, told reporters before the AGM. "He will be fine after staying home and resting for several days."

Responding to the rejection by European Union regulators of his firm's proposed USD15 billion takeover of UK mobile phone operator O2, the younger Mr. Li said Hutchison would wait to see if the UK voted to leave the EU -- a option known as 'Brexit' -- in a June referendum before deciding on its next move.

The Australian Broadcasting Corporation last month linked Mr. Li senior, Hong Kong's richest man, to the law firm at the heart of the so-called Panama Papers scandal. A copy of Mr. Li's Hong Kong identity card was discovered among the law firm's leaked documents, the report said.

The documents also showed Cheung Kong Infrastructure Holdings Ltd. used Panamanian law firm Mossack Fonseca's Hong Kong office to "organise" a string of related subsidiaries in Panama and the British Virgin Islands with "the utmost secrecy," the ABC report said. The broadcaster did not suggest any wrongdoing by Mr. Li nor Cheung Kong Infrastructure.

Follow Yicai Global on