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Old Sep 5, 2023 | 10:04 pm
  #25  
triplefives
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Originally Posted by TomYoung
Jardines has steadily expanded its holding in Hongkong Land which after completing Exchange Square has built a substantial business in Southeast Asia and to a lesser extent in China....Hutchison, after Douggie Clague crashed it was rescued by The Bank and sold to Li Ka Shing. He has gained majority control of it and transformed it into a real international conglomerate with worldwide businesses in ports, telecommunications, retail and other significant holdings.
A few blocks of Exchange Square are being put up on the block for sale by Jardine. Cheung Kong probably has more business outside Hong Kong than inside Hong Kong. I think it's safe to say the heyday of the hongs are in the rearview mirror.
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