You will be redirected back to your article in seconds

Singapore Exchange bars voting

HONG KONG — The Singapore Exchange has barred Richard Li Tzar-kai from voting on the $1.17 billion sale of his 23% stake in media and telco operator PCCW.

Ruling came after the exchange said it had not received a guarantee that Li Ka-shing, Li Tzar-kai’s father and Hong Kong’s richest man, would not be involved in the consortium trying to buy PCCW.

Consortium is headed by former investment banker Francis Leung Pak-to.

Li Ka-shing put up the money for Leung’s $64.1 million deposit on the deal but denies any further interest or involvement.

Independent shareholders will vote on the sale at the end of the month.

— Vicki Rothrock

More Scene

  • Tiffany Haddish

    MTV Movie and TV Awards: The 10 Standout Moments

    HONG KONG — The Singapore Exchange has barred Richard Li Tzar-kai from voting on the $1.17 billion sale of his 23% stake in media and telco operator PCCW. Ruling came after the exchange said it had not received a guarantee that Li Ka-shing, Li Tzar-kai’s father and Hong Kong’s richest man, would not be involved […]

  • Brandon Flynn, Timothy Granaderos, Alisha Boe,

    Alisha Boe Says Brock Turner Case Was Her 'Bible' for '13 Reasons Why' Season 2

    HONG KONG — The Singapore Exchange has barred Richard Li Tzar-kai from voting on the $1.17 billion sale of his 23% stake in media and telco operator PCCW. Ruling came after the exchange said it had not received a guarantee that Li Ka-shing, Li Tzar-kai’s father and Hong Kong’s richest man, would not be involved […]

  • Yara ShahidiMTV Movie & TV Awards,

    Yara Shahidi, Noah Schnapp, More Talk the Dangers of Social Media at MTV Awards

    HONG KONG — The Singapore Exchange has barred Richard Li Tzar-kai from voting on the $1.17 billion sale of his 23% stake in media and telco operator PCCW. Ruling came after the exchange said it had not received a guarantee that Li Ka-shing, Li Tzar-kai’s father and Hong Kong’s richest man, would not be involved […]

  • A Night in the Writers' Room

    Parity Takes Center Stage at Variety's 'A Night in the Writers' Room' Drama Panel

    HONG KONG — The Singapore Exchange has barred Richard Li Tzar-kai from voting on the $1.17 billion sale of his 23% stake in media and telco operator PCCW. Ruling came after the exchange said it had not received a guarantee that Li Ka-shing, Li Tzar-kai’s father and Hong Kong’s richest man, would not be involved […]

  • American Black Film Festival opening night

    Trevor Jackson Was Originally Told He Was 'Too Young' to Star in 'Superfly' Remake

    HONG KONG — The Singapore Exchange has barred Richard Li Tzar-kai from voting on the $1.17 billion sale of his 23% stake in media and telco operator PCCW. Ruling came after the exchange said it had not received a guarantee that Li Ka-shing, Li Tzar-kai’s father and Hong Kong’s richest man, would not be involved […]

More From Our Brands

Access exclusive content