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...Additional reporting by Richard Waters in San Francisco...
...Incentives for bidder CEOs were the subject of a 2007 analysis by Jarrad Harford and Kai Li, which concluded that “even in mergers where bidding shareholders are worse off, bidding CEOs are better off three-quarters...
...The Lis Li Ka-shing, centre, is Hong Kong’s richest man, with a net worth of $30bn according to Forbes....
...Rather than see Victor and his younger brother Richard tussle for influence, Mr Li backed Richard in a separate business venture and today he runs PCCW, a telecoms and media group....
...Other respondents include non-executive directors Richard Li Tzar-kai, an entrepreneur and the son of Hong Kong’s richest man Li Ka-shing, and Peter Lee Ka-kit, the vice-chairman of Henderson Land Development...
...son Victor Li Tzar-kuoi when he steps down....
...Richard Li Tzar-Kai, PineBridge board member and chairman of Pacific Century Group, which owns most of the asset manager, said: “We are pleased to welcome John as our new chairman and look forward to drawing...
...Private equity fund IDG owns 10.39 per cent of 91 Wireless, Singapore’s Temasek owns 5.71 per cent through Vertex, Richard Li Tzar Kai, chairman of PCCW and the younger son of Asia’s richest man Li Ka-shing...
...Victor Li is managing director of Cheung Kong and deputy chairman of Hutchison while Richard Li has no executive role in either company....
...The 13,393 sq m area in Tseung Kwan O went to Sun Hung Kai Properties on Tuesday for HK$3.12bn ($400m), some 20 per cent lower than a pre-sale Reuters poll had indicated....
...Briton Richard Elman controls commodity company Noble Group, which owns sugar mills in Brazil, soya bean crushing plants in China and coal mines in Australia....
...PCCW ’s shares remained suspended from trading for a fourth day, with Richard Li’s planned acquisition of the company cleared by Hong Kong’s high court....
...“Victor joined Cheung Kong when he was 22, starting at the bottom rung,” Mr Li told the Financial Times last year. “Richard has his own business and will not likely return to Cheung Kong or Hutchison....
...Its members include representatives of the territory’s three wealthiest families – Richard Li, son of tycoon Li Ka-shing and no relation to David Li; Thomas Kwok, one of the three brothers who control Hong...
...“He has experience on both the coast and also the interior, which is a very important combination,” said Mr Li....
...To win over China Netcom, PCCW’s second largest shareholder after tycoon Richard Li, Australia’s Macquarie Group has proposed that the State Council-controlled company take up to a 50 per cent stake in the...
...Richard Li, PCCW’s chairman, wanted to sell its main assets to foreign private equity companies, but in June he was blocked by China Netcom, the state- owned telecoms company, which has a 20 per cent stake...
...s petroleum minister, and Ma Kai, the head of the National Reform and Development Commission, China?s chief economic planning and energy ministry. The agreement comes after India?...
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