Li Ka-shing gives Zoom shares to son in US$2bil stake revamp

Lee Ka-Shing

HONG KONG: Billionaire Li Ka-shing (pic) reassigned a portion of his long-held stake in Zoom Video Communications Inc to his businessman son Richard.

The Hong Kong tycoon, who’s one of the biggest owners of the video-conferencing company, reduced his holding by 4.7 million shares – equal to 1.6% of the company – through British Virgin Islands investment vehicles, according to regulatory filings this week.