cheung kong

If Warren Buffet is the Oracle of Omaha, Li Kai-shing is the Sage of South China. And Li's dynasy extends well beyond the region; the tycoon recently acquired a telecom in the EU.

Hong Kong's richest man overhauls flagship companies Hutchison Whampoa and Cheung Kong, separating property assets from his other businesses.

Li Ka-shing-controlled Cheung Kong Holdings is buying the portfolio of aircraft and entering the plane-leasing market as part of a broader effort to diversify away from Hong Kong.

The money will help fund a proposed $754 million acquisition of a Hong Kong shopping mall from Cheung Kong, which is the largest owner of the Li Ka-shing-backed Reit.

Bankers are watching to see how Cheung Kong's deal fares and what the fair value of the perpetual is, given the lack of comparables.

The three-year deal prices at a spread of 150bp over three-month Libor. But who bought the bonds?

The deal comes after Cheung Kong Infrastructure made a $3.8 billion bid for Northumbrian Water in the UK last week — a move that has pushed CKI's share price 6.8% higher in the past four days.

Cheung Kong and Hutchison raise a combined $479 million from the sale of shares in China Cosco and CSCL.

ARA Asset Management attracts strong demand as investors welcome its defensive profile. The recent investment by Calpers in one of its funds adds to the attraction.