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Stock impact report

'Superman' Li Ka-shing, Hong Kong billionaire behind Panama ports deal [Yahoo! Finance]

CK HUTCH HLD LTD UNSP/ADR (CKHUY) 
NASDAQ:AMEX Investor Relations: ckh.com.hk/en/ir
Company Research Source: Yahoo! Finance
The Li family owns 30 percent of CK Hutchison, which controls ports, retail, infrastructure and other businesses in dozens of countries and reported revenue of $61.4 billion in 2024. Li was Asia's ninth-richest man, according to the Bloomberg Billionaires Index in January, with a total net worth of more than $42 billion. Nicknamed "Superman" for his business acumen, the 97-year-old and his companies are woven into the fabric of Hong Kong life through everything from internet services to supermarket chains. A Panama Supreme Court decision to annul CK Hutchison's concession there on Thursday showed how container ports in geopolitically strategic locations have become a prized global currency. - From refugee to billionaire - Li was born in the southern Chinese city of Chaozhou in 1928. A refugee from the Sino-Japanese War who fled mainland China to Hong Kong, he started a business in 1950 manufacturing plastic flowers and named it Cheung Kong after China's Yangtze River. H Show less Read more
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