Core Viewpoint - The chairman of Cheung Kong Holdings, Li Ka-shing, clarified that the company has no intention of selling the property at 79 Deep Water Bay Road, stating that reports and posts regarding the sale are entirely fabricated and lack factual basis [1] Company Summary - Cheung Kong Holdings has publicly denied any plans to sell its property at 79 Deep Water Bay Road [1] - The company emphasized that the rumors circulating on social media and online platforms are unfounded and misleading [1]

Core Viewpoint - The article discusses the passing of Li Ka-shing, the founder of Henderson Land Development Company, highlighting his significant contributions to the real estate industry and his legacy as a prominent business leader in Hong Kong [2][5]. Group 1: Personal Background and Career - Li Ka-shing was born on February 20, 1928, in Shunde, Guangdong, and passed away on March 17, 2025, at the age of 97 [2][5]. - He moved to Hong Kong in 1948 with only 1,000 HKD and initially engaged in foreign exchange and gold trading, establishing a foothold in the business community [5][6]. - In 1958, he co-founded Yongye Company, marking his entry into the real estate sector by purchasing the Shatin Hotel and developing various properties [6][7]. Group 2: Business Achievements - Li Ka-shing became a prominent figure in the real estate market, co-founding New World Development Company in 1963, which focused on mid-sized residential buildings [7][8]. - He established Cheung Kong Holdings in 1976, which later became a major player in the real estate market, and led the company to go public in 1988 [7][9]. - By the 1990s, he was recognized as the richest Chinese and Asian individual for three consecutive years from 1995 to 1997, and ranked fourth globally [3][9]. Group 3: Investment Philosophy and Legacy - Li Ka-shing was known for his investment strategy, which emphasized careful calculation and the importance of hard work and diligence in business [11]. - His wealth peaked at 215 billion HKD in 2018 and 30.4 billion USD in 2020, showcasing his success in both real estate and stock market investments [10]. - Even after retirement, his influence remains significant, with his properties, such as the Peak property at 25.6 million HKD in rental value, continuing to set records in Hong Kong [11].