ANTHONY WALLACE/AFP via Getty ImagesLi Ka-shing’s CK Hutchison Holdings is near to closing a deal that would reap around $11.7 billion for the company’s coffers. CK Hutchison is the latest telecom operator to carve out its infrastructure assets to reduce debt and raise funds to invest in 5G network upgrades. In early August, CK Hutchison reported a 29% drop in its first-half net profit to HK$13 billion. Victor Li, eldest son of Li Ka-shing, speaks during a press conference in Hong Kong on March 16, ... [+] 2018. His current net worth is estimated at $29.7 billion, making him the wealthiest person in Hong Kong.

Source: Forbes November 05, 2020 08:48 UTC