News Snapshot:
CK Hutchison Holdings and CK Asset Holdings, the two flagship companies of Li Ka-shing , Hong Kong’s richest man, reported increases in their first-half results on Thursday, despite a “worrisome” Covid-19 situation in mainland China and Hong Kong. CK Hutchison, the conglomerate with businesses touching almost every aspect of an average Hongkonger’s life, said its net profit for the first six months of 2022 rose 4.3 per cent to HK$19.1 billion (US$2.4 billion), slowing down from a 41 per cent jump in earnings in the first half of 2021. CK Asset, Hong Kong’s second-largest real estate developer by value, said...
