Billionaire Li Ka-shing, for decades one of the world’s wealthiest tycoons, has named his elder son, Victor Li Tzar-kuoi, as his successor in principle, a day after the Cheung Kong group clarified that he had “no concrete timetable” to retire from the global conglomerate.
Li, who turns 89 in July, said his younger son, Richard Li Tzar-kai is engaged in different business of his own, which continue growing.
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