You are here

Li Ka-shing's Power Assets buyout offer rejected

BT_20151125_NAHLI25_1992203.jpg
Mr Li is seeking to consolidate his business empire before he retires.

Beijing

POWER Assets Holdings Ltd shareholders rejected a US$12.4 billion buyout offer from billionaire Li Ka-shing, dealing a rare setback for Hong Kong's richest man as he seeks to consolidate his utilities and infrastructure businesses before handing over control of his empire to his...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes