Richard Li’s financial alchemy fails to wow

October 12, 2011

Richard Li's third attempt to offload PCCW's Hong Kong Telecom subsidiary is the most complex yet. After a failed sale to Macquarie, and a buyout that was blocked by local courts, the tycoon now proposes to spin off the unit into a trust structure, a Hong Kong first.

PCCW spinoff can’t unwind tycoon discount

November 23, 2011

Richard Li’s conglomerate snagged a generous $3.8 bln price tag for its Hong Kong telecom business, thanks to a promise of fat dividends. But the spinoff exposes an inconvenient truth: the mogul’s own holding company is valued at almost 40 percent less than the sum of its parts.