Li Ka-shing's son invited to Beijing amid Panama port deal [Fortune]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
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Source: Fortune
officials and global executives at a high-profile meeting in Beijing over the weekend amid the company's controversial sale of its ports in Panama. Richard Li was invited as a founder of Pacific Century Group to the State Council's two-day China Development Forum, according to a list of attendees, where he is mingling with the country's top leaders including Premier Li Qiang and executives such as Apple Inc.'s Tim Cook, Pfizer Inc.'s Albert Bourla and Saudi Aramco's Amin Nasser. While Richard Li oversees his own business group and has no role in CK Hutchison, the company selling the port assets, investors appear to have interpreted the move as a positive signal to the Li family. CK Hutchison's shares rose as much as 5.2% Monday morning, the most in more than two weeks. The flagship conglomerate of Li Ka-shing's global business empire, CK Hutchison has been caught in the crosshairs of increasing tensions between the U.S. and China. The company, now led by his elder son Victor Li,
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