Hong Kong's Richest Man Doubles Down on Electric Cars

Hong Kong’s Richest Man Doubles Down on Electric Cars

Li Ka-shing foundation agrees to buy 100 million shares Shares of O Luxe Holdings have more than doubled this year Li Ka-shing Photographer: Justin Chin/Bloomberg Billionaire Li Ka-shing agreed to buy shares in O Luxe Holdings Ltd. for the second time in a month, a deal that would make Hong Kong’s richest man the second-largest investor in the owner of an electric-car maker. Shares of O Luxe rose. Goldrank Ltd., a wholly-owned subsidiary of Li Ka Shing (Overseas) Foundation, agreed to buy 100 million shares at HK$1.60 each from O Luxe’s chairman, according to a statement to the Hong […]