Two major companies controlled by Hong Kong magnate Li Ka-shing will be reconfigured into two new entities as the Hong Kong real-estate assets of both Cheung Kong (Holdings) (0001.HKG) and affiliate Hutchison Whampoa (0013.HKG) are extracted and combined to create a new Hong Kong-listed company, CK Property, while the remaining assets of the two companies will be listed separately as CKH Holdings, The Wall Street Journal reported, citing a written statement from Li. Both listings will be done by introduction, meaning that no funds will be raised. Cheung Kong and Hutchison Whampoa have a combined market capitalization of roughly HK$312 billion (US$40 billion).
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