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Li Ka-shing paying US$11.6b to merge utilities firms

Wednesday, September 9, 2015 - 05:50

Hong Kong

HONG KONG billionaire Li Ka-shing announced on Tuesday that he will pay US$11.6 billion to merge his utilities firms in a bid to improve his vast business empire's position for future expansion.

The 87-year-old's latest move is the second reshuffle of his empire in a year

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