Tough year for Li Ka Shing's son, Victor Li, in top post

CK Hutchison Holdings' then chairman Li Ka Shing, accompanied by his son Victor, speaking at a Hong Kong news conference in March last year to announce his retirement and intention to hand over the top position to Mr Victor Li. In the year since his
CK Hutchison Holdings' then chairman Li Ka Shing, accompanied by his son Victor, speaking at a Hong Kong news conference in March last year to announce his retirement and intention to hand over the top position to Mr Victor Li. In the year since his retirement announcement, the stock price of the family's flagship company has dropped 16 per cent.PHOTO: BLOOMBERG

Victor Li yet to win over investors in the 12 months since his father's retirement

HONG KONG • Following in his father's footsteps was always going to be a challenge for CK Hutchison Holdings' Mr Victor Li.

Mr Li Ka Shing, the self-made billionaire who over seven decades turned a plastic flower business into a global empire spanning ports and property to telecommunications and retailing, announced in March last year that he would retire. He then handed the top position at the family-controlled conglomerate to his eldest son.

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A version of this article appeared in the print edition of The Straits Times on March 23, 2019, with the headline 'Tough year for Li Ka Shing's son in top post'. Print Edition | Subscribe