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Hong Kong's 'superman' Li Ka-shing steps down

Asian real estate tycoon to hand leadership of CK Hutchison to elder son

Li Ka-shing will step down as chairman of CK Hutchison Holdings and CK Asset Holdings on May 10.   © Reuters

HONG KONG -- Real estate tycoon Li Ka-shing will retire as chairman of CK Hutchison Holdings and CK Asset Holdings in a sign of a sea change in the Asian business world.

Li, who will turn 90 in July and is known as "Hong Kong's superman," announced the decision at an earnings briefing on Friday. 

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