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Li Ka-shing's conglomerate disavows meme stock AMTD Digital after 14,000% surge

CK Hutchison says it has 'no business dealings' with company with higher market cap than Goldman

Li Ka-shing, Hong Kong's richest man, is CK Hutchison's senior adviser   © Reuters

SINGAPORE/HONG KONG (Financial Times) -- Hong Kong tycoon Li Ka-shing's CK Hutchison Holdings has distanced itself from AMTD Digital after the meme stock's value surged to more than $200 billion since listing in July.

After pricing its American depositary receipts at $7.80 for its New York listing, the Hong Kong-based digital bank's stock has risen more than 14,000% and closed Wednesday's session at $1,100.

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