Henderson Land Awaits Handover From Lee Senior
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2019-05-27 HKT 21:36
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The two sons of property mogul Lee Shau-kee will take over on Tuesday when Lee senior steps down as chairman and managing director of Henderson Land, due to his advanced age.
Once the decision has been confirmed at the company's annual meeting, the position will be jointly held by Lee Ka-kit and Lee Ka-shing.
The senior Lee, who is 91, will remain as an executive director.
Lee, known locally as "Uncle Four" for being a fourth-born child, is the founder of Henderson Land. He built up the company over 40 years to become one of Hong Kong's wealthiest men.
Some reports say he is the second wealthiest behind Li Ka-shing of CK Hutchison - formerly known as Cheung Kong - who will soon turn 91 himself.
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