Prakash Chakravarti is a senior writer with Thomson Reuters/IFR/LPC, where he has worked for nearly 12 years in several senior positions. He has written extensively on Asian loan markets, including contributing to books and management reports, and been instrumental in the events and conferences organised by IFR relating to capital markets in the region. He has also covered other asset classes such as bonds and equity, and written about trends in commercial and investment banking and capital markets in Asia.
Cheung Kong Property Holdings, the newly created property division of Asia’s richest man, Li Ka-shing, is moving quickly to refinance a HK$55bn (US$7.10bn) bridge loan provided earlier this month to back the reorganisation of the tycoon’s conglomerate.
Asia’s richest man, Li Ka-shing, is on an acquisition and borrowing binge as he sets about expanding his business empire barely a couple of weeks after announcing its reorganisation. His flagship Hutchison Whampoa is raising £6bn (US$9bn) through a loan to finance a proposed bid for Telefoni
Two banks are supporting the reorganisation of Hong Kong tycoon Li Ka-shing’s business empire with a HK$55bn (US$7.10bn) bridge financing, which marks the city’s biggest loan since 2000.