Linklaters and Freshfields have acted alongside Hong Kong firm Woo Kwan Lee & Lo on the restructuring of two of the city’s biggest conglomerates, owned by local billionaire Li Ka Shing.
The $24bn deal sees Cheung Kong Holdings and Hutchison Whampoa bring all of their non-property assets into a new company called CK Hutchison Holdings, while the real estate portfolio will now come under another newly formed business, Cheung Kong Property Holdings.
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