Hutchison Whampoa News

The European debt crisis is presenting bargains for cash-rich Asian firms such as Hong Kong-listed conglomerate Hutchison Whampoa Ltd and Malaysian gaming company Genting Bhd, Macquarie Securities said.

Li Ka-shing is taking the Chinese approach to succession. After years of leaving investors guessing, Hong Kong's richest man named his eldest son Victor as heir to his business empire.

Protelindo has a "fair" business risk profile. Our assessment factors in the company's customer concentration, with HCPT accounting for about 40% of revenue.

May 30 - Standard & Poor's Ratings Services today assigned its 'A-' long-term issue rating and 'cnAA' long-term Greater China credit scale rating to the proposed issue of benchmark-sized two tranches of euro-denominated senior unsecured notes guaranteed by Hutchison Whampoa Ltd.

Hutchison Whampoa Ltd has surfaced in the syndicated loan market again, just two weeks after its Hong Kong unit Hutchison Telephone Co Ltd was reported to be seeking a HK$6.5bn refinancing.

Richard Li, son of Hong Kong's richest man, is a prospective bidder for ING Groep NV's Asia life-insurance unit, the Wall Street Journal reported, citing unidentified people familiar with the situation.

The richest man in Hong Kong, multi- billionaire Li Ka-shing, has said his oldest son will eventually take over from him.

Octogenarian Hong Kong billionaire Li Ka-shing mapped out a succession plan for one of Asias biggest family empires, ensuring a smoother transition for the Cheung Kong group than that of real estate rival Sun Hung Kai Properties.

Hutchison Whampoa, the Hong Kong conglomerate that runs Three Mobile, has denied that it will cease investing in the UK if it does not get its way in the forthcoming mobile spectrum auctions.

Victor Li , deputy chairman of Cheung Kong Ltd, speaks with Li Ka-shing, chairman of Hutchison Whampoa Ltd and Cheung Kong Ltd, during a news conference in Hong Kong yesterday.

Hong Kong billionaire Li Ka-shing said on Friday he expects China's economy to grow 7.5 percent this year, slowing from 9.2 percent growth in 2011, as it grapples with a slowdown in consumer spending and exports.

Cheung Kong Cheung Kong reported a 72% increase in 2011 earnings per share and 16% increase in NAV per share to HK$132.20. The company's results benefitted from gains on timely resource conversions in early 2011 consisting of sales of stakes of ports and commercial real estate assets in separate IPOs.

The five year survival scheme, proposed by examiner Michael McAteer, will see Eircom and related companies exit examinership on June 11th.

Irish telecoms firm eircom will pass from court protection into the control of its senior lenders on June 11 after an Irish High Court approved the scheme of arrangement recommended by a court-appointed examiner.

Irish former monopoly Eircom limped towards a successful exit from examinership status last Friday, after the firm's creditors backed a plan that will result in the group's gross debt levels being cut to billion.

Hutchison Whampoa, owner of mobile operator Three, has threatened to pull all investment and withdraw from the UK market if it does not get guaranteed spectrum at the year end 4G auction.

The owner of 3 has reportedly threatened to abandon the mobile phone business unless it is guaranteed a prime slice of the airwaves in a A 4 billion auction.

Nokia Corp. , Hutchison Whampoa Ltd. and the fair isle of Jersey takes Euronews into the weekend.

Hutchison Whampoa Ltd. , the ports-to-telecom operator owned by Hong Kong billionaire Li Ka-shing, has lost a motion in an Irish court to have its EUR2 billlion bid for troubled Irish telecom firm Eircom Ltd.

Lawyers for Hutchison Whampoa Ltd made a last ditch attempt to salvage the Hong Kong company's bid for Eircom, the struggling Irish telecoms firm that is to be handed over to its lenders.