Li Ka-shing's third female heir?

2023/8/15 16:25:01


    A takeover press release, the eldest granddaughter of Hong Kong's richest man Li Ka-shing pushed into the spotlight, causing concern.

    Cheung Kong Holdings has announced the acquisition of UK-listed real estate investment trust Civitas Social Housing PLC by WELLNESS UNITY LIMITED, confirming that the terms of the acquisition have been agreed and declaring the offer unconditional.

    Li Side, 27, has been appointed business development manager of Changshi Enterprise. In his first public response to the Group's acquisition on 23 June, Mr Lee said: "We are pleased to have secured more than 64% of the issued share capital of Civitas Social Housing PLC. As a result of the favorable response, the Group decided to reduce the voting rights level for this transaction from 75% to more than 50%. The offer will remain open for some time. At the same time, we will prepare administrative procedures for financial settlement.

    According to the data, the Li Ka-shing family has two leading companies, Cheung Kong Hutchison Holdings Limited and Cheung Kong Holdings Limited. Changhe business spans ports, retail, infrastructure, energy, telecommunications and other fields, is a large integrated enterprise group with business in more than 50 countries around the world; Changshi Group is a modern enterprise group integrating trade, electronic technology, tertiary industry and other diversified operations.

    Media reports said that this is Li Side, the eldest granddaughter of Li Ka-shing and the eldest daughter of Victor Li, the first time to make a public appearance in the workplace.

     According to the data, Li Side was born in 1996, formerly known as Li Yanning, and studied at a private prestigious school - Hanji International School.        During the school period, he served as the editor of the school magazine. He was good at swordplay and participated in various archery competitions.

Hong Kong Commercial Daily network said that after graduating from the Hong Kong secondary school, Li Sidde lived up to expectations and came to the British King's College London, Pan Disheng School of Law, the British King Charles III also studied at the school. Li Side style low-key never broke any negative news.

    The third generation of Li Ka-shing's family has been closely guarded since the kidnapping of his eldest son and group chairman Victor Li. Until 2017, Li Side was taken by his grandfather Li Ka-shing to appear at a top racetrack event, which was photographed by the media and attracted much attention.

Since then, Li Side began to be exposed to participate in the family business. In March 2018, Li Ka-shing announced his retirement at the age of 90, and Li Sidd began to enter the family business as a director of the Tsishan Temple, which was funded by Li Ka-shing.

It is reported that TSZ Shan Temple covers an area of about 47,000 square meters, the construction floor area of nearly 5,000 square meters, has the world's second highest household appearance, audio and video, only allow 400 people a day to make an appointment to visit, the temple is developed by Hong Kong Cheng Kok Lin Society, the main construction funds from the Li Ka-shing Foundation investment of 1.5 billion Hong Kong dollars.

In the same year, Li Side served as a director of the Li family's private real estate company Mega Real Estate, and was the only one in the third generation of his family to serve as a director, which was the first change in Mega Real Estate in nearly 20 years.

    According to the investigation, Zhaofeng Real Estate was founded in 1972, mainly engaged in real estate investment, mortgage and other businesses. As of now, Li Ka-shing owns 50,000 (non-voting) of the 50002 shares in Mega Properties, with the remaining shares split between the Li Ka-shing Foundation and a company called Unity Finance Limited.

In 2019, it was also reported that Li Ka-shing gave the 21-year-old Lee Side an interest in a family trust fund worth HK $70 billion, making her Hong Kong's "richest man after 90".

    In 2020, at the age of 24, he became a director of the Li Ka-shing Foundation, and has since become a director of an offshore company that invests in Canadian uranium mines, and a director of ExpressMotor.

It's hard to start a business, but it's even harder to keep it. For Li Side's gradual appearance, the media have said that the third-generation successor of the Li family is moving toward the center of power. More Hong Kong media pointed out that Li Side is likely to become the third generation of Li family successor.

    According to the report, the third generation of Li Ka-shing's family has seven members. Victor Li and his wife Wang Liqiao (formerly known as Wang Fuxin) have 3 daughters and 1 son, the eldest daughter Li Side, the second daughter Li Siying, the third daughter Li Yanrong, and the youngest son Li Changxi are all adults. Li Zek-kai and actress Liang Luoshi have 3 sons, the eldest son Li Changzhi, the second son and the third son are twins respectively Li Changxuan and Li Changheng, still in school. In the third generation of members, the eldest granddaughter Li Side first exposed.