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Topic: Richard Li


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In the News (Mon 28 Dec 09)

  
  Richard Li - Wikipedia, the free encyclopedia
Richard Li Tzar Kai (Traditional Chinese: 李澤楷; pinyin: Lǐ Zékǎi) was born on 8 November 1966 in Hong Kong, the younger son of successful entrepreneur Li Ka-Shing and brother of Victor Li.
On August 2000, Li was seen as a saviour when his flagship PCCW outbid rival Singapore Telecommunications for HKT in a US$28.5 billion deal, Asia's largest corporate takeover, he was dubbed "Superboy" (小小超) by the local media.
Li came under strong criticism from shareholders and the Hong Kong community when the stock price of PCCW fell some 90% from its 1999 highs during the Global technology and telecom sell off in 1999-2000.
en.wikipedia.org /wiki/Richard_Li   (671 words)

  
 Li Ka Shing - Wikipedia, the free encyclopedia
Li was invited by Chinese leader Deng Xiaoping to become a member of the board of directors of the China International Trust and Investment Corporation (CITIC) to support the economic reform initiatives that Deng was attempting to develop.
Li Ka-shing was born in Chaozhou in the Guangdong Province, China in 1928.
Victor Li (李澤鉅) was kidnapped by the gangster Cheung Chi Keung in 1996.
en.wikipedia.org /wiki/Li_Ka_Shing   (2119 words)

  
 [No title]   (Site not responding. Last check: 2007-10-09)
Richard Li Tzar-kai (李澤楷 Pinyin: Lǐ Zékǎi) (born in 1966 in Hong Kong) is the chairman and executive director of PCCW Limited, chairman and chief executive of Pacific Century Group and is the chairman of Singapore-based Pacific Century Regional Developments Limited.
Li cut his deal-making teeth building Star TV into Asia's first satellite broadcasting service with a loan from his father, Asia's richest man Li Ka-shing.
Li is a governor of the World Economic Forum for Information Technologies and Telecommunications, a member of the Center for Strategic and International Studies' International Councillors' Group in Washington DC, and a member of the International Advisory Board of the Center for International Development at Harvard University.
www.wikiwhat.com /encyclopedia/r/ri/richard_li.html   (404 words)

  
 AskMen.com - Top 49 Men: Richard Li
Li sold StarTV to Rupert Murdoch in 1995 for a cool $950 million, which he used to start Pacific Century Group, and to finance his investments in technology, real estate and financial services.
Li isn’t all work and no play; he is an avid scuba diver and a licensed jet pilot in addition to being a Canadian citizen.
As a child, Richard Li studied violin, which is probably why he is a supporter of the arts and donated $1 million to the NAC Foundation -- Canada’s National Arts Centre for the performing arts.
www.askmen.com /specials/2006_top_49/richard-li-40.html   (581 words)

  
 Hong Kong tycoon can't buy son's shares - Boston.com   (Site not responding. Last check: 2007-10-09)
Richard Li instead opted for a share sale that was later complicated by his father's participation.
Richard Li said outright last week that he opposed the deal, reversing his earlier position, saying he would "be very happy" if the offer for PCCW shares was rejected.
The possible sale of Richard Li's shares in PCCW to his father is a thorny issue because it could be perceived as father bailing son out of a business venture marred by failures.
www.boston.com /business/articles/2006/11/30/pccw_shareholders_reject_lis_share_sale   (792 words)

  
 Richard Li's Tangled Web - Forbes.com   (Site not responding. Last check: 2007-10-09)
Richard Li is trying to wheel and deal his way out of the embarrassing hole he dug for himself this summer, with more than a little help from his dad, the richest person in Asia.
In Hong Kong, Li Ka-Shing would not have been considered a related party to the transaction, since he does not own any PCCW shares, but Singapore rules take the view that as Richard Li's father, he is indeed a related party.
Since Richard Li was therefore considered to be on both sides of the transaction, he lost his right to vote his PCRD shares in favor of the PCCW sale.
www.forbes.com /2006/09/28/richard-li-pccw-biz-cx_vk_0928li.html   (1057 words)

  
 PCRD investors vote against sale of PCCW to Leung - www.financeasia.com
Richard Li has consistently affirmed that he was not aware of his father’s role in the deal.
Richard Li, who owns 75% stake in PCRD, was barred from voting on the proposal as the Singapore Exchange ruled, on October 31, that he was a person connected with the transaction.
Richard Li has denied all suggestions that he has tried to block or thwart the deal with Leung or influence the outcome of the vote.
www.financeasia.com /print.aspx?CIID=69368   (596 words)

  
 Channelnewsasia.com   (Site not responding. Last check: 2007-10-09)
It said Li Ka-shing, who built his fortune in property and telecoms in Hong Kong, provided the funds a long time friend used to acquire Richard Li's holding in PCCW but that the elder Li had no interest in the deal.
Richard Li meanwhile told the Standard newspaper that he did not know his father was involved in the deal in this manner until he was informed by the Singapore Stock Exchange.
Richard Li added he was told by the Singapore Stock Exchange that if his father was in any way involved in the deal, he would lose his voting rights at an extraordinary general meeting that must approve the sale.
www.channelnewsasia.com /stories/afp_asiapacific_business/print/231728/1/.html   (479 words)

  
 AsiaMedia :: HONG KONG: Richard Li 'hopes PCCW sale fails'
PCCW chairman Richard Li Tzar-kai stunned the market on Wednesday with a declaration he wants minority shareholders to scuttle the sale of his stake in the telecom after his father was dealt in on the deal.
Richard Li told the Chinese-language daily that he was "very unhappy" with the involvement of his father after he helped finance the sale to his long-standing friend, financier Francis Leung Pak-to.
Richard Li's stake is held through Singapore-listed Pacific Century Regional Developments (PCRD) and he is not allowed to vote at the meeting because of his father's involvement, meaning minority shareholders can reject the deal.
www.asiamedia.ucla.edu /article.asp?parentid=58230   (1098 words)

  
 Richard Li says he hopes PCCW sale will fail
Li has stunned the market with a declaration he wants minority shareholders to scuttle the sale of his stake in the telecom after his father was dealt in on the deal.
PCCW chief Richard Li has stunned the market with a declaration he wants minority shareholders to scuttle the sale of his stake in the telecom after his father was dealt in on the deal.
Li told the Chinese-language daily that he was "very unhappy" with the involvement of his father after he helped finance the sale to his long-standing friend, local financier Francis Leung.
www.turkishpress.com /news.asp?ID=152496   (769 words)

  
 Richard Li Struggles to Shine in Tycoon Father's Long Shadow | Asian American News | GoldSea   (Site not responding. Last check: 2007-10-09)
Li, now 40, is still one of the most sought-after bachelors in town _ even though his fortunes took a dive as soon as the dot-com bubble burst, and he has yet to show he can make another splash.
Li didn't have any luck when he proceeded to try selling his stake in PCCW to Francis Leung, a longtime financier for the elder Li.
By this stage, the local press was avidly portraying the elder Li as bailing out a deviant son from a sticky situation with mainland Chinese authorities _ one that could jeopardize Li Ka-shing's extensive business interests on the mainland.
goldsea.com /Asiagate/612/02li.html   (1009 words)

  
 Wired 7.05: Empire of the Son
As they should, for Richard Li, the second son of Li Ka-shing, the continent's most prominent tycoon and the world's 19th-richest man, is an heir to a $10 billion fortune.
Li's route of ascent in Asia's business world has been, by necessity, markedly different from that of his older brother Victor, to whom, it was assumed, the leadership of the family empire would naturally go.
Li's policy may sound like corporate censorship, but with one important qualification: With his new interactive service, he won't be able to control what individual customers download to their screens.
www.wired.com /wired/archive/7.05/li_pr.html   (6396 words)

  
 Report: Richard Li to sell stake in PCCW - Boston.com
Hong Kong billionaire Li Ka-shing and Spain's Telefonica SA are part of a consortium led by financier Francis Leung that plans to buy Li's son's 23 percent stake in phone operator PCCW, Dow Jones Newswires reported Friday, citing people close to the situation.
HONG KONG --Hong Kong billionaire Li Ka-shing and Spain's Telefonica SA are part of a consortium led by financier Francis Leung that plans to buy Li's son's 23 percent stake in phone operator PCCW, Dow Jones Newswires reported Friday, citing people close to the situation.
Speaking to reporters Thursday, Richard Li declined to say whether his father was involved in the deal or identify any other buyers.
www.boston.com /business/articles/2006/11/10/report_richard_li_to_sell_stake_in_pccw   (358 words)

  
 Richard Li: The Venture Visionary
Li first emerged into the public spotlight in the early 1990’s, with the $950 million sale of Star TV, Asia's first satellite delivered cable television system.
Richard Li is pushing into the 21’st century with a clear vision of the future, and quite probably the means and ability to make this future happen, and place himself at the center of it.
One thing is clear: this is exactly the kind of visionary businessman that’s needed to spread the computer and communication revolution throughout the globe.
www.goertzel.org /benzine/RichardLi.htm   (1455 words)

  
 Richard Li sells 23 per cent stake in PCCW - Business - Business - smh.com.au
Richard Li has announced the sale of a 23 per cent stake in Hong Kong phone operator PCCW to financier Francis Leung.
Richard Li, of Hong Kong's most prominent business family, is selling a 23 per cent stake in PCCW to a local investor, ending his failed attempt to transform the fixed-line phone company into a regional internet powerhouse.
Li, 39, who will keep a 3 per cent stake in PCCW, said he planned to step down as the company's chairman when Pacific Century Regional Developments received its first 30 per cent down payment for the shares, which he said in a statement today he expects to be no later than December 14.
www.smh.com.au /news/business/richard-li-sells-23-per-cent-stake-in-pccw/2006/07/11/1152383731703.html   (749 words)

  
 Channelnewsasia.com
HONG KONG: PCCW chairman Richard Li said he hoped the sale of his controlling stake in the company will be rejected by minority shareholders in a deal complicated by the involvement of his father, Li Ka-shing, a report said on Wednesday.
In the latest twist of the deal, Li told the Chinese-language Ming Pao Daily News that he was "very unhappy" with the involvement of his father, Asia's richest man, and that he would rather maintain control of the company.
Richard Li "did not wish for this", Leung said in a statement released late Tuesday after foundations owned by the senior Li acquired a combined 12 percent stake in PCCW for 622 million US dollars.
www.channelnewsasia.com /stories/afp_asiapacific_business/print/242865/1/.html   (367 words)

  
 TODAYonline   (Site not responding. Last check: 2007-10-09)
Richard Li said he would remain as chairman and a major shareholder of PCCW and would continue to look for ways to return value to shareholders.
This angered Richard Li who told a Hong Kong newspaper last week that he would be happy if the deal was voted down and that he would take PCCW back under his wing.
Although Richard Li said he will lead the company again, Gorges said he would have a tough job to convince the shareholders he wants to stay.
www.todayonline.com /articles/157917.asp   (678 words)

  
 Asia Times Online - News from greater China; Hong Kong and Taiwan   (Site not responding. Last check: 2007-10-09)
HONG KONG - Richard Li, known as "Superboy", is the son of a Hong Kong tycoon who is one of Asia's richest men, long known as "Superman".
Richard Tzar-kai Li, the second son of tycoon Li Ka-Shing, achieved his success in part through the blessings of his family and in part through his own shrewdness and hard work.
Li himself also conceded in an interview that he was not good dating material because of his extremely tight business schedule.
www.atimes.com /atimes/China/FE21Ad07.html   (967 words)

  
 Richard Li sells PCCW stake - Breaking News - Business - Breaking News
Richard Li, of Hong Kong's most prominent business family, is selling a 23 per cent stake in PCCW Ltd to a local investor, ending his failed attempt to transform the fixed-line phone company into a regional internet powerhouse.
Li's announcement of the $US1.2 billion ($A1.61 billion) sale also dampened speculation of a possible sale of PCCW's assets to Australia's Macquarie Bank Ltd or US investment firm Texas Pacific Group and its Asia-focused unit, Newbridge, amid opposition by a Chinese shareholder.
Li, 39, who will keep a 3 per cent stake in PCCW, said he planned to step down as the company's chairman when Pacific Century Regional Developments received its first 30 per cent down payment for the shares, which he said in a statement he expects to be no later than December 14.
www.theage.com.au /news/Business/Richard-Li-sells-PCCW-stake/2006/07/11/1152383729351.html   (584 words)

  
 Top 20 Encyclopedia
Wilhelm Richard Wagner (May 22, 1813 in Leipzig – February 13, 1883 in Venice) was an influential German composer, conductor, music theorist, and essayist, primarily known for his groundbreaking symphonic-operas (or "music dramas").
Richard Wagner was born in Leipzig, Germany, on May 22, 1813.
Young Richard Wagner entertained ambitions to be a playwright, and first became interested in music as a means of enhancing the dramas that he wanted to write and stage.
encyc.connectonline.com /index.php/Richard_Wagner   (5010 words)

  
 FT.com / Asia-Pacific / China - Li barred from PCCW sale vote   (Site not responding. Last check: 2007-10-09)
Richard Li has been barred from voting on the proposed $1.2bn sale of Hong Kong’s leading telecoms firm, PCCW, in a decision that gives minority shareholders in his Singapore-listed holding company the power to block the controversial transaction.
In a statement issued on Tuesday, Pacific Century Regional Developments (PCRD), which is 75 per cent held by Richard Li, said Singapore’s stock exchange had not received a guarantee that Li Ka-shing, Richard’s father and Hong Kong’s richest man, would not be involved in a consortium looking to buy PCCW.
When the sale was announced in July, Richard Li and Mr Leung said that Li Ka-shing was not involved.
www.ft.com /cms/s/214b2646-6913-11db-b4c2-0000779e2340,dwp_uuid=eced8d08-6d64-11da-a4df-0000779e2340,print=yes.html   (423 words)

  
 MercuryNews.com | 07/10/2006 | Richard Li sells 23 percent stake in PCCW to financier Leung   (Site not responding. Last check: 2007-10-09)
HONG KONG (AP) - Richard Li, the scion of Hong Kong's most prominent business family, is selling a 23 percent stake in PCCW lTd. for $1.2 billion, ending his failed attempt to transform the phone company into a regional Internet powerhouse.
Li, who is retaining a private 3 percent stake in PCCW, also dashed hopes for a possible sale of the company's assets amid opposition by a Chinese government-controlled shareholder, saying, ``circumstances dictate that we can't have an asset sale.''
Li said he also is giving 1.3 billion Hong Kong dollars ($167 million) for a special payout to minority shareholders.
www.twincities.com /mld/twincities/business/technology/15007268.htm   (532 words)

  
 Li family rift over PCCW unveiled | FT business | The Australian
TENSION in Hong Kong's wealthiest family has burst into the open with Richard Li saying publicly that he is "dissatisfied" with the sale of his PCCW telecoms company to a consortium backed by his father, tycoon Li Ka-shing.
Richard Li also said he would be "very happy" if the contentious deal to sell PCCW fell apart.
Richard Li's comments add a twist to what has emerged as Hong Kong's business story of the year.
theaustralian.news.com.au /story/0,20867,20809194-36375,00.html   (499 words)

  
 PCCW News
Richard Li, chairman of PCCW Ltd., increased his stake in Hong Kong's dominant fixed-line phone operator to 26.99% from 26.38% by buying 41 million shares on the Hong Kong stock market, according to an...
Richard Li said he will continue as chairman of PCCW Ltd. after shareholders in his investment company rejected a HK$9.2 billion offer for his stake in Hong Kong's biggest telephone operator.
Richard Li, the son of Hong Kong's richest man, failed to sell his controlling stake in PCCW Ltd.
www.topix.net /com/pcw   (791 words)

  
 Richard Runze Li   (Site not responding. Last check: 2007-10-09)
Li is interested in the fields of variable selection, local modeling, functional data analysis and designs of experiment.
In Li’s works, new approaches are proposed to select significant variables for various statistical models.
Li is also interested in the topic of functional data analysis.
www.stat.psu.edu /oldpage2/people/faculty/rli.html   (350 words)

  
 The Standard - China's Business Newspaper
Richard Li Tzar-kai will offer special dividends to minority shareholders in his 75 percent- owned Pacific Century Regional Development if they approve his plan to sell the Singapore-based company's 22.66 percent stake in PCCW (0008) to Hong Kong financier Francis Leung Pak-to, a source close to Li said.
In an attempt to defuse the latest controversy surrounding the deal between Leung and Richard Li, both PCCW and PCRD insist that the father's loan to Leung had been repaid in full by July 19, nine days after the funds were advanced.
Previously, Richard Li also promised to pay PCCW shareholders a special dividend of up to 38 HK cents per share when the sale to Leung is completed.
www.thestandard.com.hk /news_detail.asp?we_cat=2&art_id=27865&sid=10044904&con_type=1&d_str=20060922   (492 words)

  
 Engology.com, Engineer Richard Li, Entrepreneur, Engineer Billionaire, Engineer Inventor, High Profile Enginerers, ...
Li, son of billionaire Li Ka-shing, was ranked 10 with a fortune of HK$12.4 billion.
It is, therefore, handy that Richard Li has 54 per cent of Hong Kong Telecom with its boring old cables under the sidewalks and clunky handsets plumbed into apartment walls.
But in the end, Richard Li and his Pacific Century Group shall prevail cause Size Does Matter and the influence and economic engine of the Li family world-wide shall endure the ups and downs of global economic trends.
www.engology.com /eng5li.htm   (1295 words)

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