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Hong Kong Tycoon Li Ka-shing Retires Shy of 90th Birthday

Hong Kong billionaire Li Ka-shing, whose rags-to-riches story paralleled the spectacular rise of the Asian financial center, said Friday he will retire as chairman of his sprawling conglomerate and hand control to his eldest son. Li, who turns 90 this summer, made the announcement at a packed news conference after his four companies, including flagship CK Hutchison Holdings, released their annual results. Li said he'll retire as chairman and executive director of his flagship...

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