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MarketScreener Homepage  >  News  >  Business Leaders  >  Business Leaders Biography

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Portrait de Richard Li
Country of residence : Unknown
Linked companies : GoConnect Limited

Summary 
Founder of Sino Strategic International Ltd., Richard Li currently is Executive Chairman of GoConnect Ltd. Mr. Li is also Member of Australian Institute of Co. Directors.

In his past career he held the position of Chief Operating Officer & Executive Director at Sino Strategic International Ltd.

He received an undergraduate degree from RMIT University and a graduate degree from Monash University.


Current positions of Richard Li 
NameTitle Since
GoConnect Limited
(IT Services & Consulting)
Executive Chairman 1999
Australian Institute of Co. Directors Member -


Richard Li : Personal Network 
NameLinked companies
Joe Fekete Australian Institute of Co. Directors
GoConnect Limited
Philip George Crabb Australian Institute of Co. Directors
Paul John Dowd Australian Institute of Co. Directors
Gregory W. J. Ridder Australian Institute of Co. Directors
Micheal P. Nugent Australian Institute of Co. Directors
Timothy Carl Netscher Australian Institute of Co. Directors
Julie Anne Hill Australian Institute of Co. Directors
George Morstyn Australian Institute of Co. Directors
Peter Roland Hearl Australian Institute of Co. Directors
Peter James Lee Australian Institute of Co. Directors


Biography of Richard Li 
Richard Li Tzar Kai is a Hong Kong businessman and philanthropist. He is the younger son of businessman Li Ka-Shing and brother of Victor Li.

Li was 26th in the Forbes List of Hong Kong’s 40 Richest people for 2010. The same publication named Li as 773rd in the list of the world’s billionaires, with an estimated fortune of $1.3 billion.

Education and early life
Li attended St. Paul's Co-educational College in Hong Kong and left at age thirteen to be educated at Menlo School in Atherton, California. To earn money, he took shifts at McDonalds and also worked as a caddy at the local golf course. He attended Stanford University, studying computer engineering, but did not receive a degree; he states that he withdrew from the school for personal reasons after three years.

Li acquired Canadian citizenship in the 1980s. His Canadian citizenship has proven valuable to him in his financial dealings, allowing him to make bids for PCCW to purchase stakes in companies such as Air Canada and Bell Canada Enterprises without running afoul of restrictions on foreign ownership.

Business activity
Li is chairman of PCCW and chairman of PCCW's executive committee. He is also chairman and chief executive of the Pacific Century Group, chairman of Pacific Century Premium Developments Limited (PCPD), chairman of PCPD's executive committee and chairman of Singapore-based Pacific Century Regional Developments Limited. PCCW is a publicly traded company. In early 2009, Li attempted to take PCCW private again, offering to buy out existing public shareholders at HK$4.50 per share, a premium of nearly 55% to the HK$2.90 price before the offer was announced. In Hong Kong, acquisitions must be approved by shareholders with holdings totalling 75% of all voting shares, and additionally by a majority headcount of all shareholders no matter the size of their holdings. Shortly before the shareholders' vote on the issue, some large existing investors in PCCW granted shares to roughly 800 agents at Fortis Insurance Asia, following which a shareholder vote to approve the merger passed by 1,400 in favour vs. 850 against. As a result, activist shareholder David Michael Webb filed a complaint with the Hong Kong Securities and Futures Commission, resulting in an investigation by the SFC and an eventual court case against what its chairman Martin Wheatley described as 'malpractice and manipulation of voting'. Court of First Instance judge Susan Kwan initially approved the merger on 6 April on the grounds that such 'share splitting' was legal in Hong Kong; however, the SFC appealed the case, and on 22 April, Anthony Rogers, Johnson Lam, and Aarif Barma of the Court of Appeal ruled in favour of the SFC and against Li, thus blocking the buyout.

In June 2011, Hong Kong's stock exchange approved the carve-out of the telecommunications and mobile assets by PCCW, which also has broadband television, consulting and property businesses. The exchange initially rejected the proposal in April due to regulatory concerns. In September 2011 the final hurdles were cleared by Hong Kong’s stock exchange for PCCW to list its telecommunications assets as the city’s first publicly traded business trust.Fox Hu and Mark Lee [ 'Richa


Source @ Wikipedia



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Richard Li : Connections 
Axis Consultants Pty Ltd.
The Sustainable Minerals Institute
G & R Morstyn Pty Ltd.


Latest news about Richard Li 
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2018China moves closer to allowing foreigners to control insurance ventures - sources
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2018FWD pursues pan-Asia ambitions with deal for CBA's Indonesia insurance unit
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