Li Ka-shing paying US$11.6b to merge utilities firms
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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, following the reorganisation of his flagship Cheung Kong Hutchison Holdings announced in January.
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