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H.K. tycoon warns against loss of rule of law, press freedom

Hong Kong tycoon Li Ka-shing on Friday warned that the Chinese territory will be doomed if the rule of law is neglected, while loss of press freedom will deal a major blow to the former British colony. Li, head of the conglomerate Cheung Kong Group whose businesses span across utilities, ports, telecommunications, property and retail sectors, made the comment during the company's results announcement.

Li Ka-shing's HK Electric Investments in $3 billion IPO

Li Ka-shing, Asia's richest man, raised more than $3 billion for the Hong Kong listing of his electricity assets on Wednesday in the city's biggest IPO of the year so far. HK Electric Investments -- carved out from Li's Hong Kong-listed utilities firm Power Assets -- raised $3.11 billion, selling 4.43 billion units at the low end of its HK$5.45 to HK$6.30 ($0.70-$0.81) indicative price range.

Football: Khan vows to build on Al Fayed's work at Fulham

Fulham's new owner Shahid Khan vowed to build on the foundations left by Mohamed Al Fayed as the Pakistan-born billionaire arrived at Craven Cottage for the first time on Saturday following his takeover. Khan, who also owns NFL team Jacksonville Jaguars, struck an agreement with Al Fayed on Friday that put the Premier Leage club under new ownership for the first time in 16 years. The 62-year-old is reported to have paid around £150 million for 100 per cent control and he met the media for the first time on Saturday.

Dockers at HK port operated by billionaire agree to 9.8 percent pay rise

HONG KONG (Reuters) - About 500 striking workers at a port operated by billionaire Li Ka-shing agreed to a 9.8 percent pay rise on Monday, ending one of the city's longest-running industrial disputes that has diverted traffic from the world's No 3 container port. The workers, on strike for more than a month, agreed to the wage increase after contractors for Li's port operator Hongkong International Terminals (HIT) issued the terms of the deal in writing, as requested by the dockers.

Hong Kong dockworkers agree to pay offer, ending 40-day strike that slowed busy port

HONG KONG - Hong Kong dockworkers have accepted a 9.8 per cent pay increase, ending a 40-day strike that slowed traffic at one of the world's busiest ports. About 90 per cent of the workers voted late Monday in favour of the offer from four middleman contractors that provide staff to a container terminal operator controlled by Hong Kong billionaire Li Ka-shing.

Hong Kong port workers take strike to tycoon Li Ka-shing

Striking Hong Kong dock workers camped outside the headquarters of Asia's richest man Li Ka-shing pledged to stay put Friday despite the collapse of a contractor at the centre of the dispute. The workers were demanding a 20 percent pay rise as the strike entered its 23rd day, and called on Li to intervene in the impasse, which has drawn attention to the city's high living costs and wealth gap.

Hong Kong port workers take strike to tycoon Li Ka-shing

Striking Hong Kong dock workers camped outside the headquarters of Asia's richest man Li Ka-shing pledged to stay put Friday despite the collapse of a contractor at the centre of the dispute. The workers were demanding a 20 percent pay rise as the strike entered its 23rd day, and called on Li to intervene in the impasse, which has drawn attention to the city's high living costs and wealth gap.

Soccer-Fulham owner Al Fayed clears club debts

LONDON, Jan 29 (Reuters) - Premier League Fulham are now clear of debt after owner Mohamed Al Fayed converted loans totalling more than 200 million pounds ($314.1 million) into shares in the club. Al Fayed, the former owner of the Harrods department store, bought Fulham in 1997 and has seen them establish themselves in the Premier League.
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