CK Scraps Australia Deal in First Big Setback for Victor Li
Victor Li, chairman of CK Hutchison Holdings Ltd. and CK Asset Holdings Ltd., speaks during the official opening of the CKC18 store, operated by A.S. Watson Group, in Hong Kong, China. (Photographer: Justin Chin/Bloomberg)

CK Scraps Australia Deal in First Big Setback for Victor Li

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(Bloomberg) -- CK Group has formally walked away from its A$13 billion ($9.5 billion) bid to buy Australia’s biggest gas-pipeline operator, representing the first major setback for Chairman Victor ...
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