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January 26, 2011

Stanley Ho, the Hong Kong and Macau-based casino king, has often been a controversial figure during his long career as one of East Asia’s better-known entrepreneurs.

Stanley Ho, the Hong Kong and Macau-based casino king, has often been a controversial figure during his long career as one of East Asia's better-known entrepreneurs.

According to some sources, the casino and property entrepreneur has allegedly been linked to the Chinese organised crime group, the Triads, and allegedly collaborated with the Japanese during World War II.

Not the sort of background – it might be felt – you would want hung out for wider scrutiny.

January 25, 2011

Macao casino billionaire Stanley Ho has accused his family of stealing his shares in SJM Holdings without his consent, raising debate about who would succeed Ho in the billion-dollar business.

Macao casino billionaire Stanley Ho has accused his family of stealing his shares in SJM Holdings without his consent, raising debate about who would succeed Ho in the billion-dollar business.

A filing with the Hong Kong stock exchange reveals that Ho's shares in the holding company have been divided between his wives and children. Ho, chairman of SJM, said through his lawyer that he had not authorised this transfer of shares to his family.

January 18, 2011

Hong Kong-based conglomerate Hutchison Whampoa, controlled by billionaire Li Ka-shing, announced on 17 January plans to list its new entity, Port Holdings Trust. The initial public offering could be Singapore’s biggest ever and add significantly to the fortunes of Hong Kong’s wealthiest man.

Hong Kong-based conglomerate Hutchison Whampoa, controlled by billionaire Li Ka-shing, announced on 17 January plans to list its new entity, Port Holdings Trust. The initial public offering could be Singapore’s biggest ever and add significantly to the fortunes of Hong Kong’s wealthiest man.

The world’s largest container-terminal operator plans to list its deep-water port holdings in Hong Kong and southern China, while still retaining a 25% stake in the trust that currently owns the terminals.

October 7, 2010

Prada, the Italian fashion house controlled by the husband and wife team of Miuccia Prada and Patrizio Bertelli, are looking at tapping the public markets to raise money for expansion and alleviate debt.

Prada, the Italian fashion house controlled by the husband and wife team of Miuccia Prada and Patrizio Bertelli, are looking at tapping the public markets to raise money for expansion and alleviate debt.
 
Reports said Prada is considering listing in Hong Kong as the company targets strong growth in China, likely to be the biggest luxury market in the world in the next five years.
 

August 6, 2010

Hutchison Whampoa, the Hong Kong-based company controlled by Li Ka-shing, announced better than expected results for the first half of 2010 on the back of growth in its ports, property and retail businesses and smaller than predicted losses in its mobile phone operations.

Hutchison Whampoa, the Hong Kong-based company controlled by Li Ka-shing, announced better than expected results for the first half of 2010 on the back of growth in its ports, property and retail businesses and smaller than predicted losses in its mobile phone operations.
 
The group's profits were up 12% to HK$6.5 billion compared with the same period last year, while losses in the 3G mobile phone business showed an 82% fall, shrinking to HK$998 million, compared with HK$5.5 billion for first half of 2009.

July 30, 2010

Li Ka-shing, the 82-year-old head of the Cheung Kong Group of companies, shows no signs of taking a back seat in his business empire as he leads a £5.8 billion acquisition bid for the UK electricity grid owned by EDF energy.

Li Ka-shing, the 82-year-old head of the Cheung Kong Group of companies, shows no signs of taking a back seat in his business empire as he leads a £5.8 billion acquisition bid for the UK electricity grid owned by EDF energy.  
 
One of Hong Kong's most famous businessmen is making the offer though Cheung Kong Infrastructure Holdings and Hong Kong Electric Holdings, both of which are subsidiary companies of the main conglomerate, and the Li Ka-shing foundation.
 

September 25, 2008

The Li family-controlled Bank of East Asia, the largest independent local bank in Hong Kong, has strenuously denied reports that the bank is in trouble after thousands of people queued outside its branches yesterday to withdraw their savings.

The Li family-controlled Bank of East Asia, the largest independent local bank in Hong Kong, has strenuously denied reports that the bank is in trouble after thousands of people queued outside its branches yesterday to withdraw their savings.
 
The run on the bank was prompted by what chairman and CEO David Li Kwok-po said were “malicious rumours first disseminated via electronic devices late in the afternoon on 23 September.”
 

July 28, 2008

The ousted chairman of family-owned Sun Hung Kai Properties has hit back at family members by saying the real estate company should look outside the family for more suitable leaders

The ousted chairman of family-owned Sun Hung Kai Properties has hit back at family members by saying the real estate company should look outside the family for more suitable leaders.

Walter Kwok, who was replaced by his mother following a disagreement with his two younger brothers in May, said, "Rather than key positions in the company being taken by the family, we should be more inclined to have the most suitable person fulfil the key positions."

May 28, 2008

The ongoing feud between the Kwok family at Hong Kong’s biggest property developer, Sun Hung Kai Properties, has come to a head with Walter Kwok’s 79-year-old mother, Kwong Siu-hing, replacing him as chairman of the company.

The ongoing feud between the Kwok family at Hong Kong’s biggest property developer, Sun Hung Kai Properties, has come to a head with Walter Kwok’s 79-year-old mother, Kwong Siu-hing, replacing him as chairman of the company. Kwong is the wife of SHKP’s late founder and currently owns just over 41% of the company.

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