Global Billionare     



1966 - Born in Hong Kong
1979 - Age 13, sent to California, attends Menlo Park School
1983 - Goes to Stanford, obtains degree in computer engineer
1987 - Age 21, moves to Canada, works at Gordon Capital investment bank
1990 - Returns to Hong Kong to work for father's company Hutchison Whampoa
May 1991 - Establishes STAR satellite television network
July 1993 - Sells controlling stake (63.6%) in STAR to Rupert Murdoch's News Corp. for $525m; subsequent deal in 1995 for total News Corp. control takes sale total to $950.5m
1993 - Launches Pacific Century Group (PCG)
Nov 1995 - March 1997 - Develops real estate projects in Toronto, southern China, Beijing and Tokyo
March 1998 - PCG announces joint venture with Intel (with 40% stake) called Pacific Century Convergence Corp. to develop information technology systems
March 1999 - Hong Kong government announces award of Cyber-port project to PCG which pledges to invest around $1bn
May 1999 - Announces reverse takeover for Hong Kong-listed Tricom, which is renamed Pacific Century CyberWorks; pays $315m for the deal
May 1999 - Announces creation of CyberWorks Ventures, a listed high-tech venture capital investment fund
May 1999 - Joint venture created with Credit Suisse First Boston to manage and invest in Asian properties
August 1999 - launches Pacific Century CyberWorks Limited
August - October 1999 - spends some $600m buying stakes in 13 information technology companies   -   
2000 February
Richard Li buys Cable & Wireless HKT for $38 billion (USD)

Richard's date last night made HK media headlines  

Ella Liang 梁芳, aged 27 is born to Mira Yeh's brother who is a trained architect, and a European mother.      Educated in the UK and trained as a barrister, Ms. Liang moved to Hong Kong recently joined a medium sized firm this September in Queensway.    -- Front Page,  APPLE DAILY   2011 October 4


【本報訊】「小小超」 李澤楷旗下的電訊盈科最近為了明年開辦的免費電視台與「 電訊魔童」王維基創辦的城市電訊齊發功向無綫 進行大挖角潮,但李澤楷百忙中都要唞唞氣, 前晚他就約了名媛好友葉梁美蘭的中歐混血兒姪女梁小姐到林建岳旗 下位於上環的日本餐廳撐枱腳,短敍三小時後,李 澤楷先行離開, 15分鐘後,竟然出動葉梁美蘭到場護駕姪女離開, 看來他對梁小姐照顧有加。記者:羅德光、龍婉琪、林妙萍

今年 44歲鑽石王老五李澤楷 3月向傳媒發出聲明,宣佈與他生了三名兒子的女友梁洛施 分手後,三個月後,他現身新加坡機場, 身邊又出現了一位長髮、纖瘦身形女伴同行, 當時李澤楷盡顯紳士風度,彎低腰親手幫女方拿行李。短 短幾個月,想不到前晚他身邊又出現新一任「超女」就位。





Fingers crossed.   Hope this romance works for the Chief now that his business life is running smoothly.   He deserves a break and is one of the most far-sighted and Action leaders in this world.  

Richard's Business Trust

PCCW's proposed listing of its telecom assets in the form of a trust and Swire Properties' listing by introduction will bring two blue-chip Hong Kong assets to the market--- something rarely seen these days.

New listings by pure Hong Kong companies are a rarity these days when virtually all IPOs on the Hong Kong stock exchange are by companies based either in China or some other country outside our borders. The reason, of course, is that most Hong Kong companies are already listed.

So it is interesting to see not just one, but two major Hong Kong businesses preparing for a listing in the next few months, namely Swire Properties and HKT Trust, which comprises PCCW’s telecommunications business. Both are spin-offs from companies that are already listed, but account for the majority of revenues and profits at their respective parent companies, making this an interesting exercise not just for the unit that is being spun off, but for the parent company and its shareholders as well.

The two listing candidates have chosen different routes towards their separate listings, however.

Swire Properties, the property development and investment unit which is currently wholly-owned by Swire Pacific, said in statement at the end of last week that it has decided to list by introduction. This means that it won’t be issuing any new shares, although it will distribute about 17% of Swire Properties’ share capital to existing investors in Swire Pacific.

PCCW on the other hand is aiming to float its telecom assets on the Hong Kong stock exchange in the form of a dividend-paying trust and said over the weekend that it may raise about $1.3 billion, assuming it is able to sell as much as 40% of the trust and based on a valuation floor that translates into a dividend yield of about 9%.

Swire’s announcement is a change from its earlier plan, which saw Swire Pacific pursue a Hong Kong IPO in late April/early May last year. The company was aiming to raise up to $2.7 billion by selling about 15% of its share capital, but called off the deal a day before pricing amid a deteriorating market environment.

The cancellation was a big disappointment for the group as the property unit needed money to finance its continued expansion, particularly in China. Swire Pacific was also keen to equip Swire Properties with its own funding platform so that it would be able to more easily raise additional capital as and when needed. Hence, there has been a lot of speculation about whether Swire Properties would make another attempt at an IPO. The volatile market environment that has persisted for much of this year is making new listings challenging, however, and would also likely require the shares to be sold at a big discount to net asset value – something that would probably not go down well with Swire Pacific’s existing shareholders.

However, a couple of month ago, Swire Properties sold its Festival Walk mall in Hong Kong to Singapore’s Mapletree Investment for HK$18.8 billion ($2.4 billion), which means it now has enough capital to cover its current funding requirements without having to sell new shares.

But the group still wants to create a platform for future fund raisings and a listing by introduction will achieve that without the company having to take any market risk. According to last week’s statement, the plan is to distribute 10% of Swire Properties’ share capital to the public shareholders of Swire Pacific and another 7% to John Swire and Sons (JSS), which is the controlling shareholder of the parent company. This ratio means the ownership structure between controlling and minority shareholders will be the same for both Swire Pacific and Swire Properties. JSS owns approximately 39% of Swire Pacific’s share capital and 56.8% of the voting rights.

Since Swire Pacific’s shareholders will receive the shares in Swire Properties for free this should be a fairly uncontroversial exercise. And with the property division accounting for 76% of Swire Pacific’s total asset value and the parent company having a market capitalisation of about $9.8 billion, a 10% free-float should result in decent liquidity in the stock – something which is otherwise a big problem when it comes to listings by introduction.

PCCW is taking an altogether different approach to the spin-off its telecom business, which it acquired from Cable & Wireless in 2000. Floating the assets as a dividend-paying trust, allows PCCW to raise cash for debt repayments and at the same time distribute a bigger portion of the earnings from the telecom business to shareholders.

The listing vehicle will not be a business trust as the regulatory changes needed to allow such vehicles to list in Hong Kong are not yet in place – it is being referred to as a fixed single investment trust. However, the company and its bookrunners have come up with a structure that is very similar to the business trusts listed in Singapore, but works under the current Hong Kong listing rules. One key difference, according to sources, is that it will only take 50% of the shareholders’ vote to remove the trustee and management companies, compared to 75% for Singapore business trusts. Also, there will be no regulatory requirement with regard to how much dividend the trust needs to pay, although PCCW has said that HKT Trust will pass on 100% of the adjusted funds flow to its unitholders.

PCCW’s controlling shareholder Richard Li, the youngest son of Hong Kong tycoon Li Ka-shing, will be hoping that he has finally found a structure that will be acceptable to minority shareholders after several failed attempts to take PCCW private in recent years.

In a statement issued on Sunday, that provided further details on the proposed structure, PCCW argued that a separate listing of the telecom business will unlock value for shareholders and better identify and establish the fair value of the telecom business. It will also create a more defined business focus and efficient resource allocation with regard to the telecom business, and at the same time increase the visibility of PCCW’s remaining businesses – media, solutions and properties.

And it will boost the financial resources, both for the telecom business and for PCCW, the company said. 

The first HK$7.8 billion ($1 billion) of the net IPO proceeds will go to HKT and will be used to reduce its debt. This will ensure that more cash will be available to distribute to the unitholders. Any proceeds above that will go to PCCW and will go towards additional investments in its growth businesses, such as the media and solutions businesses, with the aim of creating value for its existing shareholders.

The company earlier this month said that HKT Trust will be listed in the form of share stapled units, which will have three components: a unit in HKT Trust; a beneficial interest in one ordinary share of HKT Limited that is linked to the unit; and a preference share in HKT Limited that is stapled to the unit.

And on Sunday it said it will sell between 25% and 36.7% of these share stapled units as part of a global offering, or up to 40% including a greenshoe. At the top end of the range, pre-shoe, the net proceeds are estimated to be $1.3 billion and at the bottom end about $873 million. This assumes a price per unit that translates into a 9% yield, based on the company’s cash flow projections for 2012.

One source noted that the 9% yield gives PCCW a significant buffer versus the sector average of a 6.5% yield, although that may well be necessary in the current market environment. PCCW itself is currently trading at a 2012 dividend yield of about 5.3%, according to Bloomberg.

The IPO will include a 10% tranche earmarked for Hong Kong retail investors, but the company will also offer 10% to existing PCCW shareholders in the form of a preferential offering. That latter portion can be upsized to 30% depending on the demand. However, PCCW shareholders have complained for years about the company’s lagging share price, so it is somewhat difficult to see them being interested in paying for the same assets that they have already bought once.

That in mind, PCCW will also distribute an additional 5% of HKT Trust’s share capital (on top of the global offering) to its existing shareholders for free. These bonus shares will not be handed out immediately, however, but will be distributed in two portions – at the end of the first quarter following the listing and then again 60 days later. While this is free, it is also designed to limit the selling of PCCW shares in the lead up to and immediately following the listing of HKT Trust.
    --  2011 September 28  FINANCE ASIA 

Richard's happiest moments? - the Birth of his Sons

Now that he's sired three sons, the succession issue is out of the way for tycoon Richard Li of Hong Kong.

   Ethan Li, eldest son of Richard Li


Ming Pao Daily News received today a statement, signed by Isabella Leong and sent via fax, confirmed she has broken up with Richard Li, and that they will share a joint-custody for their three children.

據本報今日收到一份以梁洛施署名的傳真聲明指出,她已與李澤楷 手,三個孩子將會共同撫養。

聲明稱,新的一年開始,祝各位傳媒朋友百尺竿頭,更進一步。 踏入2011年,她本人亦走進人生的一個新階段, 她表示已和李澤楷先生分手了。

The Statement began by wishing all media friends a good year ahead, added she (Leong) has also entered into a new phrase in 2011 - she has ended the relationship with Richard Li.

她指出,他們曾經擁有一段美好歲月,孩子會共同撫養。 他們健康快樂地成長,是兩人的共同目標。藉此聲明, 望能結束外界對他們無休止的猜想,臆度。

She pointed out that they shared a memorable time together, and will raise the children jointly; as their health and happiness is the couple's shared vision.  Leong wishes the statement will put an end to endless guess and conjecture.

梁洛施(Luisa Isabella Nolasco da Silva)香港藝人,出生於澳門,是葡中混血兒。 兩年前為李澤楷孆下長子李長治後,去年6月再添丁,誕下雙胞胎, 現時育有三子。

Isabella, born Luisa Isabella Nolasco da Silva is a Hong Kong artistes, born in Macau of Portugese and Chinese parents, had given birth to Ethan, Richard Li's heir and first child two years ago, followed by a pair of twin boys last June.
--  (
即時新聞)   2011 February 26   MING PAO

Isabella delivered Twin Boys for Richard Li
Born in the United States

Apple Daily reported on July 7, 2010 that Isabella Leong has reportedly given birth to a pair of twin boys at a San Francisco hospital late June for Richard Li.    It is understood that Richard was with her during the delivery and the pair were said to have tears in eyes when witnessing the arrival of the twins, who will be their second and third children after ethan who was born last April.

The news is said to be confirmed by Richard in person, upon his return to Hong Kong. 

It is not known whether they will be issuing any photos of the twins, like what they did for Ethan, their first born. 

Both are not available for comment.



梁洛施( Isabella )去年 4月為電盈主席李澤楷誕下長子長治後,兩人公開發相向大家分享他們的喜悅,但今年 3 Isabella再傳出有身孕後,兩人都極低調,不過據可靠消息,她於上月底順利誕下一對男嬰,榮升三個兒子的爸爸的李澤楷,日前回 港就把喜訊告知身邊好 友。

The July 17th edition of Apple Daily reported that Isabella Leong, the mother of Richard Li's three boys has no intentions at this stage to be Mrs. Li.


連生 3子傳入門在即

20100717 (07:42 am)

梁洛施(Isabella)繼去年為男友李澤楷誕下囝囝長治後, 上月又來個雙囍臨門,再為男友誕下孖仔。 外間有傳梁洛施將於下月嫁入李家,但 為李家兩年抱三的她, 原來未因今次打孖上而榮升李太,昨日她打破緘默透過發言人說:「 家依然係梁小姐身份。」雖然未獲名份, 但梁洛施卻揚言生活得十分開 心。

現 年 27
歲的徐子淇年前嫁入豪門成為千億新抱後, 22歲的梁洛施去年也母憑子貴,為小小超李澤楷誕下香爐躉, 成為港女羨慕的港產灰姑娘。 不過徐子淇嫁給李家誠後連生兩胎都是女,相信 要不停做生仔機器, 誓 為李家繼後香燈,反觀梁洛施雖然為李家連生三子, 卻仍未獲得任何名份。 放大圖片



梁洛施上月底在美國三藩市為李澤楷產下 孖仔後,目前仍在美國坐月。 有傳一直希望李家可以開枝散葉的李嘉誠, 對梁洛施今次打孖上感到極度欣慰,終肯答應下月讓她正式入門; 也 有報道指李嘉誠本想立 即飛往美國探望乖孫,但最後因未能放下手頭工作而押後行程。
生完第二胎後一直保持緘默的梁洛施, 昨日終於透過發言人盧覓雪對傳聞作出回 應,對於產 下孖仔及下月結婚傳聞,盧覓雪說:「梁洛施話多謝大家關心, 私人嘢唔回應。」梁洛施現時是否李太身份?盧覓雪說:「唔係,
家依然係 梁小姐身份。」那她近 日生活如何?盧覓雪說:「近期好好。」
據梁洛施身邊好友透露,梁洛施目前仍在美國坐月, 暫未有回港計劃。至於結婚一事,好友說:「呢個 階段未計 劃,梁洛施唔在乎一紙婚書,覺得兩個人喺埋一齊開心就足夠。
家梁洛施生咗三個仔,李家上上下下都好高興。其實呢兩、 三年都有好多人 想搵梁洛施拍戲,但 家梁洛施要照顧三個小朋友,唔會考慮復出問題。」


有指李嘉誠(左)本打算到美國探望兒子李澤楷兩個新生兒, 但因工作被迫押後行程。 資料圖片

Isabella denies marrying Richard Li.  There's been talks of the wedding bells following the 22-year-old's second attempt at motherhood of which a pair of twin boys were born late June in  San Francisco.   Little birds in the high society has it that Superman Li Ka-shing is over the moon about the arrival of Richard's second and third heirs and has since agreed to let Isabella in, as a Li family member. It was reported that Richard Li was to go to visit the mother and babies himself but was tired down by work. 

In a rare attempt to break the silence, Isabella, speaking via her spokesperson, Michelle Lo, denies any plan of marriage and says she is happy as she is and has no plan of being Mrs. Li at this point in life.   - 2010 July 17   APPLE DAILY 

Hong Kong's Pacific Century Group hails AIG deal

Hong Kong tycoon Richard Li's Pacific Century Group said Monday it was "very pleased" after sealing a 500 million dollar deal to buy part of US insurance giant AIG.   

PCG will pay an initial 300 million dollars in cash for AIG Investments, part of American International Group's investment advisory and asset management business, the US firm said in a statement Saturday. 

"PCG are very pleased to sign this agreement with AIG, although of course with a number of months until closing we will save our celebrations until completion," a PCG spokesman said Monday. "

AIGI have a strong management team, running a substantial portfolio of assets. The company suits our investment philosophy of making long term investments in quality businesses." 

The units being sold to PCG operate in 32 countries and manage approximately 88.7 billion dollars in investments belonging to institutional and retail clients, AIG said. 

AIG was the largest single recipient of US bailouts, with the government pumping more than 170 billion dollars into the firm in late 2008 to keep it afloat and taking a controlling stake in the group in the process. The company was on the verge of collapse last year after backing trillions of dollars in risky financial products amid a home mortgage meltdown that triggered financial turmoil. It has been selling off various units as it seeks to steady its financial operations. 

The buyout marks a bold foray into asset management for Li, chairman of Hong Kong's biggest telecommunications firm, PCCW, and the son of Li Ka-shing, one of the wealthiest men in Asia.    - 2009 September 7  AFP

This photo from Apple Daily last week says it all!

Tycoon Richard Li shows off heir Ethan Li with mother Isabella Leong in Toronto

... exclusively confirmed to us (Apple Daily), Riichard Li and Isabella Leong  issued a photo of their new born baby boy, named Ethan in English and Li Cheung-Chi by his grand father Superman Li.

It is known that the baby boy was born in April in Toronto where Richard Li is presently accompanying Isabella for her post-natal recovery.  When asked any plan of a marriage it is said that both (Li and Leong) are immensely enjoying their role as parents and have no plan for further expansion of the 'family'... 
  - 2009 June 4   APPLE DAILY 

Sing Tao Daily News:

Richard Li confirmed to the paper today that he will arrange to have Isabella and Ethan return to meet his Father, aka Superman Li, in late July.   - 2009 June 11
Baby Ethan at 10 pounds on May 26th
Bonny boy makes for a double dividend

Now we know why PCCW chairman Richard Li Tzar-kai was so generous in handing out a special dividend to shareholders in April. He was probably celebrating the fact that he was about to become a father.

Apple Daily's exclusive picture of the latest addition to the Li clan with his proud mum and dad was the talk of the dim sum tables all over town yesterday.

Baby Ethan was born in Canada on April 26, four days after Mr Li's HK$15.93 billion bid to privatise PCCW was blocked by the Court of Appeal, prompting the company to announce on April 23 the special dividend of HK$1.30 per share.

The gossip columns are sure to be full of speculation about what the future holds for Ethan and his mother, 21-year-old former Emperor Entertainment Group singer-actress Isabella Leong Lok-sze.

But one thing is certain, the new arrival has the blessing of grandfather Li Ka-shing, who gave the baby his Chinese name of Cheung-chi, which translates as "long-term good governance".

It was Richard Li who chose the English name Ethan. We wonder if it had anything to do with his liking for Ethan Hunt, the name of the leading character in the Mission Impossible movies.

Baby proves big news

It was said that even Li Ka-shing was shocked to hear that the report of his new grandson had appeared in the Apple Daily yesterday.

Knowing how popular the exclusive would be, the newspaper ramped its print run up to 400,000 copies, compared with the usual 300,000. The report was not on the front page of the paper - that belonged to the June 4 candlelight vigil at Victoria Park - but the publisher arranged with distributors for the section in which it appeared to be the one that was displayed on newsstands.

It is understood that the team who worked on the report shared a HK$2,000 cash bonus, compared with the usual HK$300 daily prize. The team that put together the June 4 package this week shared a bonus of HK$10,000.   - 2009 June 5   SOUTH CHINA MORNING POST

Richard and Isabella bought in the prestigious Forest Hills district of Toronto where he has always dreamed to live.   

Ming Pao Weekly is published Sunday June 7 and is the only publication that scoops the interview with Leong and Li in great length.


Headline reads Richard Li arranges Isabella and son to stay in Singapore

"When asked of how he felt (about having another grandson), "Superman" Li Ka-shing (nakename fondly used by Hong Kong media) said "of course I am immensely happy". It is known that Ethan Li will become the fourth heir to inherit senior Li's 100 Bn HKD empire, after Victor, his uncle, Richard, his father and Michael, his first cousin and uncle Victor's only son.

Appeared on Ming Pao Weekly's cover, Isabella Leong is quoted saying, "we (Richard and I) have never been so content in our lives. Ethan is a happy baby. He just cannot stop smiling, and such good nature of his is infecting everyone that's around him." Isabella, aged 20, having named the best actress in Portugal film festival in 2008, is one of the most promising stars in Hong Kong. With her renowned performance in Hollywood mega-production "Mummy 3", she is immediately attracted lots of attention from movie producers and publicists worldwide, including a movie production by award-winning Chinese director Zhang Yimou. However, the young mother expressed no wish to return to the glittering life on the silver screen, instead she told the weekly reporter that she prefers to devote herself to nurture baby Ethan, "so that he will grow up to be a useful person that lives up to the expectation of his father and grand-father." Indeed, Ethan's Chinese name "Cheung-chi"is chosen specially for him by his beloved grand-father aka "Superman" Li.

It is understood that "Cheung-chi" has a profound meaning from Ancient Chinese literature, bearing the hope of Long and Peaceful Reign (of a country, or a nation, institution, company etc). Local observers note that "Cheung" echoes "Cheung Kong", Li's flagship in Hong Kong which is listed as 0001, the very first in the local stock market.

Isabella is of Portuguese descendants. Her late father came from a very wealthy family that had linkage to the royalty in Portugal back centuries ago. Isabella immigrated to Hong Kong at aged 12, followed her Hong Kong-born mother and elder sister.
- 2009 June 8   APPLE DAILY

匿埋 10個月 梁洛施李澤楷東京造人 
In hiding for 10 months, Isabella and Richard Li are "making [more] babies" in Tokyo

    >> VIDEO
長居加拿大嘅 Isabella
,仍然揸緊特區護照,未有入籍加國。 Isabella holding her HK passport.

自從今年 1月忽然現身鄭秀文紅館演唱會後,超過 10 個月未曝光的 22歲梁洛施(Isabella),據知一直匿在加拿大多倫多做湊仔婆, 間中亦只會飛到新加坡小住,再沒被傳媒發現,行蹤神秘。
深閨唔出街,但本刊上週目擊 Isabella
出現日本成田機場,據知 Isabella 剛在東京陪完李澤楷度過 44歲生日,兩人撇甩 3個囝囝玩足 6日,直至週日( 14日) Isabella 才獨自由日本飛返加拿大,繼續其低調生活。
由英皇小花變千億闊太,飛上枝頭的 Isabella
卻全冇「架子」,全程冇保鑣冇助手跟身, 行李更要自己推,樸實性格絕對符合李家低調作風。


今年 6月再度為男友李澤楷誕下一對孖仔的梁洛施,週日(14日)於日本時間下午 2時左右現身東京成田機場。當日 Isabella 只由司機接載到機場,素顏冇化妝的她,一身 OL 恤衫冷外套打扮,只簡單戴了一對珍珠耳環, 手 上亦冇任何戒指。 Dressed so plain and low-key, Isabella was seen in Tokyo Airport at around 2 pm on Sunday November 14th.  She was sent to the airport by a driver, neat and clean and not bejeweled, except a pair of pearl earrings.

Isabella check-in
時同地勤人員雞啄唔斷,而且全程笑晒口,點睇都唔似忽然升呢嘅闊太。  Isabella seen talking non-stop with ground hostesses, very friendly.


落車後,乘搭 5
10分直航往多倫多的 Isabella,獨自推行李車 check-in,但搵極都搵唔到加拿大航空櫃位, 惟有迷惘地在機場兜圈;擾攘十幾分鐘, Isabella才在加航櫃位 check-in。記者所見,冇帶黑超、打扮比起一般 22歲港女老咗 10年的 Isabella,與地勤人員有講有笑,態度非常友善。
辦完手續後發現有記者追訪, Isabella
亦沒有迴避,邊微笑邊行向保安檢查, 更 當眾除低黑色 Gucci 長靴過關。手持 iPhone 4的她不時玩電話,未知是否向小小超報告行蹤。 Isabella is taking the 5:10 pm flight to Toronto.  She was constantly playing w her iphone - one wonders if she's reporting what happened to Richard?  She had to take off her Gucci boots when going thru customs.

冇保鑣同行, Isabella
惟有靠自己,結果頭岳頁岳頁四圍搵登機櫃位, 更行錯幾次路先搵到。

生完三件,身材有前有後好生養的 Isabella
5 6吋半高着上 2吋踭長靴,又要推行李又要搞手續,攰到頻頻捽眼。

雖然李家身家過千億,但 Isabella

久未公開露面的 Isabella 對住記者非常淡定,雖然唔太肯答問題, 但全程保持笑容,臨走前更禮貌地揮手道別。  Below is the her conversation with the reporter:
:《 FACE》 梁:梁洛施
Isabella,企定影張相得唔得呀? F(Face Magazine): Isabella, stand still for a pix?
梁:唔影喇!I: no la!
:同 Richard 玩咗成個禮拜好開心喎!家飛去邊呀? F: Had fun w Richard for a week, where now you are heading to?
梁:……(繼續保持微笑)I: ... (keep smiling)
:孖仔改咗名未?身體點呀?F: How're the twins?  What're their names?
梁:好呀!走喇,拜拜!(主動揮手)I: Good! Me go la, bye bye!

飛勻三國  Covering three countries

Isabella working out in Toronto, Canada

在多倫多生活的 Isabella

Tokyo where Richard and Isabella spent time together recently
曾經同日本 NHK
主播真正加留奈拍拖的小小超,經常要留日處理電盈業務,身為女友的 Isabella 間中會到日本陪伴男友。


提起孖仔即刻開心晒,據知已有 3子的 Isabella 同小小超冇打算停手,希望繼續有仔趁嫩生。
Richard 好鍾意小朋友,加上 3個仔得意又好湊,幾個細路又氹得爺爺好開心,搞到佢兩個心郁郁想追多幾個!話晒 Bella都係得 22歲,就算生完 3件都復原得好快,所以佢哋呢排好努力造人,今次去日本都專登撇低囝囝二人世界,仲話最好可以追到個兔女!」 Isabella 身邊人透露。
消息透露, Isabella
現時與一對孖仔長居多倫多,歲半大仔李長治則住在新加坡,而小小超就多數留在日本的電盈工作,所以 Isabella經常要幾邊走,偶然先會返香港小住幾日探朋友。


   '10 1 casual look
今年 1月秘密返港睇 Sammi 尾場演唱會,打扮隨意嘅佢睇到拍晒手,極之投入。《蘋果日報》圖片  Sammi Cheng Sau-man the local cantopop singer

 11OL look

來自單親家庭的 Isabella

年初出道的 Isabella,於迷你演唱會表演時不慎露底。《蘋果日報》 圖片




誕下孖仔後, Isabella曾表示「家依然係梁小姐身份」。 雖然未正式娶女友過門,但一直想全家人齊齊整整生活的小小超, 上年已叫人為其石澳超豪木屋趕工裝修。 94年以 1.2億買入的大宅,買地加裝修要接近 2億,更花了 8年時間改建。
從近日曝光的大屋內貌見到,小小超已為 3
名兒子打造了一間育兒房,另外還有一個巨型日式按摩池, 屋內亦放滿一家 5口的生活照,十分溫馨。據知錫仔錫到燶的小小超, 更將全屋有角的地方加上保護膠邊,又加設防蚊設備, 確保乖仔唔會俾蚊針。
仔在手的 Isabella,好快入宮做李太啦!


小小超的 2億石澳木屋由已故名設計師莊聖民親自設計,本刊早於今年 1月影到 Isabella(紅圈)帶埋小長治在大屋小住。


- FACE NEXT MEDIA magazine    2010 November 17

Editor's Note:   The Shek-O home and the Toronto real estate developments were acquired by Andrea Eng, on behalf of Richard Li.




有傳豪宅早前經過悉心裝修,話口未完, 尋日有讀者向我哋提供多幅相信係超豪木屋嘅內部照片 包括超豪BB房、巨型日式按摩池花園布置和放滿溫馨照片嘅相架等。

相架嘅生活照,暴露咗小小超嘅家庭狀況。 其中大相係小小超手抱BB、梁洛施彎身站其身後嘅合照, 另外較細小嘅幾張相,包括BB單人照,以及與家人嘅合照, 但就睇唔清楚相中BB,究竟係去年出生嘅大仔長治, 定係今年七月出生嘅孖仔



-   2010 November 11    ORIENTAL DAILY

$12 bln Syndication

PCCW was always destined to grow. Run by Richard Li, second son to property tycoon Li Ka-shing, it had the financial and operational backing locked in from the outset.

At the time, the $12 billion loan was a record transaction in the Asia syndicated loan markets -- more than double the size of the previous record holder in fact -- and in our awards write-up we said it "opened the door for leveraged financing across the broader spectrum of the region's capital markets".

The leads decided to structure a deal as a leveraged financing secured against the assets of the target company and a non-recourse structure through a special purpose vehicle owning the HKT shares was used. The debt-to-Ebitda ratio was nine times, versus typically no more than 5.5 times for European deals at the time.

Aside from kick-starting the loan market into booking bigger and better deals, the loan also paid almost $90 million in fees, which got divvied up between the four lead arrangers (Bank of China, Barclays, BNP and HSBC). The deal was not so profitable for the second tier of 18 banks that were left with an average return of about $2.5 million each because of over-subscription. In absolute terms this was still a fairly sound pay-out, but considering initial indications of returns of up to $10 million each, some of the banks may have come off feeling slightly short-changed for their participation.

Overall although he suffered a personal toll during the exuberance of the dotcom era although his wealth and empire prevails.   

Pacific Century Cyberworks  - there were a few skeptics when PCCW was launched. 

His STAR-TV business start-up is a case study at Harvard Business School.

The Messiah of Cyberasia
One of the world's largest Internet companies has suddenly emerged in, of all places, Hong Kong

An odd thing happened last month, just before Christmas. A Hong Kong firm, only eight months old, run by the 33-year-old son of an old-style property tycoon and with a business plan that almost nobody fully understands, suddenly became one of the biggest Internet companies in the world, with a stockmarket value of $21 billion. Odder yet: it might even deserve it.

The firm is Pacific Century CyberWorks (PCCW), a name still little known outside Hong Kong. That will soon change, thanks to the vaulting ambitions of its founder, Richard Li, and the billions of dollars he can marshal behind them. PCCW is assembling a satellite-based broadband Internet network, modelled on America's Excite@Home, with the aim of becoming the largest broadband Internet business in the world. It has also built a venture-capital arm, CyberWorks Ventures, that has already invested $500m in cash and equity in nearly 30 companies. They include big stakes in SoftNet, a broadband data-provider passing 2.4m cable subscribers in America, and CMGI, an American-based venture-fund with a similar investment strategy. PCCW's venture-capital investments alone are now worth nearly $2 billion. 

At a rate of nearly a deal a week, PCCW is putting together the pieces of what could soon be one of the world's biggest Internet conglomerates. It is building the pipes's from satellite capacity and transmission to deals with the cable-television network operators that will reach individual subscribers-to bring broadband data to millions of households in Asia. It is buying stakes in dozens of companies that will fill these pipes with content and services, from portals such as to Internet telephony, gaming and e-commerce. And it is starting joint ventures with heavyweights such as Hikari Tsushin, a leader in Japan's booming mobile-phone industry, that may extend its reach to mobile multimedia as well. 

Overnight, PCCW has become Asia's Internet darling. Bankers are falling over themselves to praise it (although it suffered badly in the stockmarket correction that pounded Hong Kong this week). The firm's deals in the past month, says Credit Suisse First Boston, have made it “the Asian e-infrastructure play”. Credit Lyonnais calls it an “all-in-one of Excite@Home, Yahoo! and CMGI in Asia”. Lehman Brothers proclaimed that “an Internet star is born”. Not bad for a firm that, Credit Suisse notes, was a small telecoms-equipment distributor a few months ago.  

Is PCCW really so magical? No firm could be. It is not really eight months old--it just looks that way because Mr Li bought a small local firm called Tricom Holdings last May and used it to list the Internet ventures of his existing property conglomerate, the Pacific Century Group, which until then was best-known for winning a sweetheart deal from Hong Kong's government to build an industrial park. Cyber-Port, as it is called, has moved to the periphery of the firm's operations's where it belongs. The Internet ventures had been in the works for more than two years; indeed, the first sign that something was up was when Intel paid $50m for a minority share in Mr Li' sInternet project in early 1998.  

Nor is Mr Li a newcomer to either satellites or technology: he started Pacific Century in 1993 with the billion dollars he got for selling Star TV, his first media venture and today the leading satellite broadcaster in the region. He has a degree from Stanford in computer engineering. And there is the small matter of his father, Li Ka-Shing, Hong Kong's richest tycoon and a force in telecoms thanks to his ownership of Hutchinson Whampoa, which last year made a fortune selling its stake in the Orange mobile network in Britain to Germany's Mannesmann. The elder Mr Li has virtually no part in PCCW: yet few names carry more weight in Asia. When he started in business the younger Mr Li's arrogance made him plenty of enemies, but he has since grown up, discovering his inner geek along with a softer style.  

The younger Mr Li was already a wealthy man when he started: last year Forbes ranked the Li family tenth-richest in the world, with about $13 billion. The elder Mr Li's canny trading last year probably added $5 billion or so to that. But in the space of only a few months, Mr Li junior has nearly equalled his father. Sohaib Umar, an analyst with Credit Lyonnais Asia, calculates that the junior Mr Li owns 54.5% of PCCW, a stake that is now worth nearly $9 billion. Add his property and other investments and the total may exceed $12 billion, not counting his share of the family wealth.  

In any case, it is easy to make too much of the family connection. PCCW is not an outpost of the elder Mr Li's empire, nor is it the dalliance of an indulged son (the elder Mr Li's sole financial contribution was to invest $62m to help set up Star TV in the early 1990s). But the younger Mr Li did inherit one trait that has served him well: a knack for deal-making perfectly tuned to the frantic pace of the Internet. Aides describe him negotiating billion-dollar deals in a few hours, sealing clauses with rapid fire (“Done!”) on a mixture of instinct, experience and some of the best connections in the technology industry.  

Having the chairman as chief negotiator has allowed PCCW to react to openings as nimbly as any startup: in the industry these days, the ability to invest and strike alliances quickly counts for more than soldiering on behind a solid business plan. That might make PCCW sound like Japan's Softbank, but it is not. Unlike the phenomenal Internet investor, PCCW aims to build a real business, not just a portfolio.  

A new star dawns  

Yet in PCCW's core broadband-access business, doubts remain. On the face of it, there is something counterintuitive about PCCW's dream. It wants to bring broadband Internet access to all of Asia (mainly China, India and Japan) via televisions and interactive set-top boxes. This is natural enough for Mr Li: take his old Star TV business plan, replace "television"with "broadband Internet" and you would not be far off. But Star is thought to have lost more than $600m in less than a decade and is still losing money. Asian viewers, like European ones, turn out to have a taste for expensive local programming. Most also refuse to pay for content. They are, needless to say, poor--indeed, Mr Li's target audience is one of the least affluent in the world.  

By contrast Excite@Home's consumers are rich. Yet the American company has fought to find customers for its own broadband offerings. After four years, it has only about 1m subscribers and its business is only now taking off. Can Mr Li really thrive in India and China when Excite@Home has struggled in Silicon Valley and New York?  

Bravely, Mr Li thinks that it can--and he might be right. Excite@Home suffered because American cable operators had neither the money nor the urgency to upgrade their own systems to carry two-way data. But broadband is taking off now because AT&T's huge investment in cable firms has kick-started the market-and led to price competition with telecoms firms that offer broadband services over copper wires.  

In Asia, Mr Li argues, the cable operators have even more reason to invest: many of the households he wants to supply have no telephone at all. Asian cable infrastructure, especially in China, is newer and easier to convert to two-way data than America's and where it is not in good condition (such as in India), it is cheaper to replace, thanks to lower labour costs. Overall, PCCW hopes to reach more than 16m households by 2005, out of an Asian cable market of more than 160m by then. These will be mostly rich, urban Asians. There are an awful lot of these, even in otherwise poor countries.  

Within a few months, PCCW will be able to prove its point. It plans to launch its service, initially as satellite-television channels with Web content, by mid-year. One test will be whether PCCW can bring together enough compelling content to create a service people will pay for-something neither Cable & Wireless HKT or Singapore Telecom has managed with their own broadband services in those cities. Their potential audiences, of just a few million, are too small to justify the dozens of expensive channels of local content required to attract viewers.  

Mr Li's audiences will at first be even smaller and spread over even more disparate cultures. Hence the venture fund, whose investments are intended to supply the content that PCCW cannot. Sometimes being a billionaire really does have its advantages.   -  8 January 2000   Economist

In the end, Richard Li and his Pacific Century Group shall prevail cause "Size Does Matter"  as Business Week points out and the influence and economic engine of the Li family world-wide shall endure the ups and downs of global economic trends.


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