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Hong Kong's Li Ka-shing says retirement won't stop him working

Published 06/21/2017, 02:12 AM
Updated 06/21/2017, 02:20 AM
© Reuters. FILE PHOTO: Hong Kong tycoon Li Ka-shing attends a news conference announcing CK Hutchison Holdings company results in Hong Kong
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By Venus Wu

HONG KONG (Reuters) - Hong Kong's richest man Li Ka-shing said on Wednesday he has not decided when to retire and will stay as group senior advisor after he steps down as the chairman of CK Hutchison Holdings (HK:0001).

Li's comments came a day after the Wall Street Journal reported the tycoon had told associates he planned to retire by his 90th birthday in July next year.

"When I decide to retire, I will make an announcement for sure," Li told reporters in comments carried by TVB News.

"But not much will change. I will still come to the building, I will still come to the office, I will still work. I will be a senior advisor then."

Li said he was in "very good health" and he was not worried his retirement would affect his companies' stock performances.

The self-made billionaire had named his eldest son, Victor, 52, as his successor five years ago. Victor, already on the board, is seen as a steady hand unlikely to change course.

© Reuters. FILE PHOTO: Hong Kong tycoon Li Ka-shing attends a news conference announcing CK Hutchison Holdings company results in Hong Kong

"Everything has been arranged many years ago," Li said.

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