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Though the 88-year-old tycoon has flagged he would pass on control of his group to his elder son, the retirement of Hong Kong's richest man would mark the end of an era.

Mr Li's US.6 billion (S.1 billion) fortune ranks second in Asia after that of Alibaba Group Holding's Jack Ma, according to the Bloomberg Billionaires Index.

“OOCL’s owning family is warming up to the idea of a sale,” one of those people said.

“It is down to the price and we may get an announcement as early as next month.” State-owned COSCO Group’s COSCO Shipping unit is the world’s fourth largest container operator with an 8.5 percent market share.

Mr Li is in "very good health and will make his official announcement when he decides to retire", CK Hutchison said in an email to Bloomberg.

Mr Li has discussed retirement periodically and continues to be confident in his son Victor to take over, it said.

That’s seen the MSCI Asia-ex Japan High Dividend Yield Index’s 16% advance lag behind the...

Wharf said its popular Times Square and Harbour City shopping malls would be carved out and listed under a new entity called Wharf Real Estate Investment Company.

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A marriage makes good sense.” COSCO, based in Beijing, stands to benefit from Orient Overseas’ sales team and young fleet, which data provider Vessels Value estimates is worth about US

A marriage makes good sense.” COSCO, based in Beijing, stands to benefit from Orient Overseas’ sales team and young fleet, which data provider Vessels Value estimates is worth about US$1.5 billion.

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It said the proposal has already been approved by Hong Kong’s stock exchange, although permission for the listing hasn’t been granted yet.

As well as Times Square and Harbour City – two of Hong Kong’s busiest retail destinations – the new entity will also include several other retail and commercial properties.

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A marriage makes good sense.” COSCO, based in Beijing, stands to benefit from Orient Overseas’ sales team and young fleet, which data provider Vessels Value estimates is worth about US$1.5 billion. Please check your email and click on the link to activate your profile.If you do not receive the verification message within a few minutes of signing up, please check your Spam or Junk folder.It said the proposal has already been approved by Hong Kong’s stock exchange, although permission for the listing hasn’t been granted yet.As well as Times Square and Harbour City – two of Hong Kong’s busiest retail destinations – the new entity will also include several other retail and commercial properties.

.5 billion. Please check your email and click on the link to activate your profile.If you do not receive the verification message within a few minutes of signing up, please check your Spam or Junk folder.It said the proposal has already been approved by Hong Kong’s stock exchange, although permission for the listing hasn’t been granted yet.As well as Times Square and Harbour City – two of Hong Kong’s busiest retail destinations – the new entity will also include several other retail and commercial properties.

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