HONG KONG -- CK Asset Holdings, a flagship conglomerate established by Hong Kong billionaire Li Ka-shing and now run by his son Victor Li Tzar-kuoi, will spend more than $2 billion to buy four European assets from the family's charity fund.
While Thursday's announcement laid out a financial rationale for the deal, it also seems to mark another step forward in the family business's transition from its 92-year-old founder.
