Henderson Land Awaits Handover From Lee Senior
"); jQuery("#212 h3").html("
"); });
2019-05-27 HKT 21:36
Share this story
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.
Chinese Regulator Approves Citis Plan For Its Own Securities Firm
Citi has received approval from the China Securities Regulatory Commission (CSRC) to set up a wholly owned capital mark... Read more
HSBC RedCoin Debuts On PayMe With Wider Stablecoin Rollout Planned
HSBC has launched HSBC RedCoin, its first stablecoin, on the PayMe mobile payment app in Hong Kong. Denominated in Hong... Read more
Unlimit Joins Hong Kong Governments Strategic Enterprise Partners
Unlimit has signed a partnership agreement with the Hong Kong Government, which named the global financial infrastructu... Read more
Is Your Crypto Safe If Your Custodian Goes Bankrupt?
No institution moves into digital assets until it knows who will hold them and what happens to those assets if that cus... Read more
EleBank Opens First Physical Store In Hong Kong
Hong Kong digital bank EleBank has opened its first physical store in Causeway Bay as it expands beyond online banking ... Read more
Taiwan Blocks Grabs US$600 Million Foodpanda Acquisition
Taiwan’s Fair Trade Commission (FTC) has blocked Grab’s proposed US$600 million acquisition of Delivery Hero’s fo... Read more