Li Ka-shing's CK Hutchison confident about UK businesses, after Brexit vote
24/06/2016 08:08
HONG KONG, June 24 (Reuters) - CK Hutchison Holding Ltd
0001.HK , which is controlled by tycoon Li Ka-shing and has
major investments in Europe and the United Kingdom, said on
Friday the group is confident its British operations will
continue to thrive, after Britain voted to leave the European
Union.
"We are confident that our UK businesses - which are
strongly focused on providing vital goods and services to UK
communities - will continue to thrive," CK Hutchison said in an
email, responding to the vote results. It gave no further
details.
The United Kingdom contributed 37 percent to CK Hutchison's
2015 total EBIT, according to the group's annual report.
Global financial markets plunged as Thursday's referendum
showed a near 52-48 percent split in favour of leaving the EU,
sparking fears the decision will hit investments in the world's
5th largest economy, threaten London's role as a global
financial capital and foment uncertainty in the world's biggest
trading bloc. urn:newsml:reuters.com:*:nL8N19F5F7
Li, one of Asia's richest men, had said earlier that his
businesses in Britain and Europe would continue regardless of
the result. urn:newsml:reuters.com:*:nL4N19D13P
(Reporting by Donny Kwok; Editing by Muralikumar Anantharaman)
((donny.kwok@thomsonreuters.com; +852 2843 6470; Reuters
Messaging: donny.kwok.reuters.com@reuters.net))
Keywords: BRITAIN EU/CKH HOLDINGS