(Bloomberg) — Li Ka-shing, Hong Kong’s richest man, is known to his admirers as “superman” for his knack for picking assets on the cheap. But that magic touch hasn’t been working on his own companies lately.Li and his elder son Victor — who now runs the ports-to-property empire — have spent about HK$3.8 billion ($490 million) since August last year to buy the flagging shares of CK Asset Holdings Ltd. and CK Hutchison Holdings Ltd. Despite the series of purchases, CK Asset’s stock is sinking toward last March’s record low, while CK Hutchison is approaching its lowest level since a …read more
Source:: Yahoo Finance
