The Hong Kong-based investment bank, which is backed by Morgan Stanley, China Minsheng Investment, and LR Capital, is looking to build a war chest for acquisitions.
If Warren Buffet is the Oracle of Omaha, Li Kai-shing is the Sage of South China. And Li's dynasy extends well beyond the region; the tycoon recently acquired a telecom in the EU.
Greater China and India boost the earnings of the region’s 100 wealthiest families. That's one takeaway from our series on Asia's rich, beginning with this overview.
It may take more than an enhanced dividend and improved share-swap ratio to win shareholder approval for the $12.4b merger, a deal tied to the reorganisation of Li's businesses.