Li holds a 70% interest in Canadian-based Husky and he will now divide his overall assets into two new listed companies, including CK Hutchison, which will be his main holding company for non-property assets.
The other company, Cheung Kong, will become a holding company for Li’s real estate portfolio. The goal of the restructuring is shareholder value creation through the elimination of holding company discounts, according to a statement from Cheung Kong.
The
