Aged 95, Li Ka-shing is a little too old to spend much time in Britain surveying his business empire. But the Hong Kong billionaire’s footprint can be found all over the UK.
The private investment company of Hong Kong’s billionaire Cheng family, Chow Tai Fook Enterprises, proposed on Tuesday a buyout of up to HK$35.5 billion ($4.5 billion) for NWS Holdings, the infrastructure arm of the family’s property giant New World Development.
Developer Benny Wu is at the centre of legal action over a dilapidated former destination for Hollywood stars as he faces further scrutiny over other run-down properties in Queensland's far north.