Information from the Van Thinh Phat case shows that the family of Ms. Truong My Lan - who was accused by the Procuracy of causing a loss of 677 trillion VND - contacted the Investment Fund of billionaire Li Ka-shing's CK Asset Holdings Limited Group, proposing a comprehensive solution related to SCB Bank.

Ms. Lan's family proposed to work with the investment fund, using different solutions to transfer the project at the highest level through optimal methods; proposed to sell and transfer with mortgaged assets at SCB.

Hong Kong 'Superman' Li Ka-shing

Mr. Li Ka-shing was born on July 29, 1928 in Chaozhou, Guangdong, China. He had a difficult childhood, moved to Hong Kong (China) at the age of 12 and dropped out of school after his father passed away. According to Forbes, this businessman is nicknamed “ superman ” and is the most influential person in the business community in Asia, with success in both career and lifestyle.

He is still the richest billionaire in Hong Kong (37th richest in the world ). According to Forbes' real-time ranking, Mr. Li Ka-shing's net worth as of April 1 was 36.7 billion USD, mainly from real estate.

Mr. Li Ka-shing retired and withdrew from the position of chairman of two corporations, CK Hutchison Holdings (specializing in investment) and CK Asset Holdings (specializing in real estate) in May 2018, but remains a senior advisor.

lygiathanh lika shing smcp.gif
Billionaire Li Ka-shing is 96 years old this year. Photo: SCMP.

Li Ka-shing invested in plastic production in 1950 when he was only 21 years old, using $6,500 in savings and loans from relatives. His business later became the largest supplier of plastic flowers in Asia.

Li Ka-shing's son Victor is leading his father's group, which employs 300,000 people and operates in 50 countries. Li Ka-shing's group has donated more than $3.8 billion to charity.

In 1960, he began to shift his business to real estate, then to seaports, technology...

He has many lessons to share with everyone, especially young people. According to him, everyone has the opportunity to succeed and “it depends on whether you give yourself a chance or not”.

Li Ka-shing's philosophy of getting rich is quite clear. Investing to get rich is a long-term, even lifelong job. It requires patience, not impulsiveness.

The billionaire shared that before the age of 30, one should focus one's strength and intelligence on making money, and after the age of 30, one must make money with money, focusing on financial investment. That is investing in stocks, gold, fund certificates, real estate...

Like many other legendary investors, Li Ka-shing advises not to "put all your eggs in one basket" because the risks are very high, but to divide and distribute the investment proportions reasonably, maybe 50% in gold, 30% in fund certificates and 20% in stocks...

Seriousness and discipline in financial management is the number 1 priority. If you are negligent, the possibility of losing capital is very high, not to mention profit.

As for businesses, billionaire Li Ka-shing believes that there must be a balance between development and stability. Over-expanding a model will face risks. This is evident in many corporations around the world and in Vietnam, including real estate businesses.

Multi-industry empire of Hong Kong billionaire

Thanks to his early success in real estate, Li Ka-shing founded Cheung Kong Real Estate Company in 1971. A year later, he changed the name to Cheung Kong Holdings and listed it on the Hong Kong Stock Exchange.

lygiathanh2024forbes.gif
Mr. Li Ka-shing is the 37th richest person in the world according to Forbes.

In 1979, he expanded his business by acquiring Hutchison Whampoa Bank from HSBC - the second largest bank in the UK at that time. Li Ka-shing turned Hutchison Whampoa into one of the largest independent port operators in the world, developing container port facilities in Hong Kong (China), Canada, mainland China, the UK, the Bahamas...

Billionaire Li's group also expanded into many fields across Hong Kong, including the Internet and technology. Li Ka-shing also spent hundreds of millions through the Li Ka Shing Foundation to invest in Facebook, Spotify...

CK Hutchison operates strongly in both Hong Kong and mainland China. CK Hutchison derives 80% of its revenue from overseas, with sensitive industries such as energy, infrastructure, telecommunications and ports, etc. This is also a factor that makes the group's stock fluctuate strongly, depending heavily on politics and the relationship between China and the West.

Together with his businesses, Mr. Li Ka-shing and his relatives became the richest family in the world in real estate.

In recent years, the Hong Kong billionaire's businesses have failed in a number of infrastructure projects in Australia, Israel, etc., although since 2015, his three leading companies, CK Hutchison, CK Asset and CK Infrastructure, have outlined a global investment and acquisition strategy with a total value of tens of billions of USD.

However, Li Ka-shing’s business presence in the world is widespread, extending to the European telecommunications market. Through CK Hutchison, Li controls Canadian oil giant Husky Energy, the world’s largest container port operator.

It can be seen that the highlight of this world's richest empire is its corporate culture built on respect for everyone. This is the secret that has helped the Hong Kong billionaire family group grow far and strong over the past decades.

Billionaire Pham Nhat Vuong realizes his ambition, billion-dollar cash flow appears . The stock market has been developing positively with soaring liquidity, easily conquering the billion-dollar mark thanks to the "Vin family" stocks that broke out after billionaire Pham Nhat Vuong announced positive information about the car company VinFast .