Asia's richest man, Li Ka-shing is combining the two flagship companies in his empire, while also spinning off the groups' mainly Asian property interests, in a radical re-organisation that is bound to keep his bankers and lawyers busy for months.
A new company will control the non real estate assets of Hong Kong-based Mr Li's Cheung Kong Holdings and Hutchison Whampoa. These include the operator of Hong Kong's busy sea port and UK retail chain Superdrug.
A separate business, to be called CK Property, will take on the two companies' real estate holdings and will be spun out in in an IPO.
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