News Snapshot:
> HONG KONG, Aug 4 — Hong Kong billionaire Li Ka-shing’s firm is selling its stake in the parent company of fintech upstart AMTD Digital, according to a statement released today, after the company enjoyed a massive rally this week. Hong Kong-based AMTD Digital was worth more than US$203 billion (RM904 billion) when New York markets closed yesterday, making it the world’s fifth-biggest financial company on paper, Bloomberg reported. AMTD Digital was listed just three weeks ago, and reported US$25 million in revenue for the financial year that ended in April 2021. Li’s CK Group said in a statement that...
