Li Ka-shing reorganises empire

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

Hong Kong’s richest man Li Ka-shing has revamped the holdings of his two flagship companies, Cheung Kong Holdings and Hutchison Whampoa, in an effort to create better value for shareholders.

As part of the deal, two new companies will be formed in place of Cheung Kong Holdings and Hutchison Whampoa, to improve the valuations of the former and increase flexibility for more dividend payouts.

CK Hutchison Holdings CKH Holdings will hold all the non-property business of both groups, and be a multinational conglomerate holding assets ranging from telecoms and ports to infrastructure assets, while CK Property Holdings will hold the property businesses of both groups.

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