Li puts his money where his mouth is, but stocks still lag
To many of his followers, it is a bit strange to see Li Ka-shing not investing in any public companies other than his own for almost a year.
For the 21st time, the Cheung Kong (Holdings) chairman raised his stake in his flagship, paying HK$13.5 million for 140,000 shares last Friday.
So far this year, he has spent close to HK$980 million on more than 10 million Cheung Kong shares.
He has also splashed out on his other blue chip, Hutchison Whampoa, amassing HK$121 million worth of shares in five purchases, and Hutchison Telecom Hong Kong, in which he bought HK$16.5 million worth of shares, all at HK$1.31 each over the past six weeks.
It all begs the interesting question: Has he run out of investment ideas?
