Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Tycoon Li Ka-shing urges Britons to vote against Brexit - Bloomberg

Published 21/06/2016, 03:33
Updated 21/06/2016, 03:40
© Reuters. Local council leaders hold placards during a Vote Remain event at Manchester Metropolitan University's student Union in Manchester, northern England.

HONG KONG (Reuters) - Li Ka-shing, one of Asia's richest men, urged Britons to vote in favour of staying in the European Union, saying it would be detrimental to the U.K. and Europe if Brexit went through, Bloomberg reported.

"Of course, I hope that the U.K. doesn't leave the EU," the property tycoon told Bloomberg Television in an interview.

The U.K. accounts for 37 percent of profit at Li's main company, CK Hutchison Holding Ltd (HK:0001), Bloomberg said.

Li said in March that he expected to scale back investment in the U.K. if Britons voted to exit the EU.

But in Tuesday's broadcast, he said that his businesses in the U.K. and Europe would continue regardless of the result, Bloomberg reported.

CK Hutchison officials were not immediately available for comment.

Two opinion polls on Monday suggested support for Britain staying in the European Union had recovered some ground following the murder of a pro-EU lawmaker, but a third poll found support for a "Brexit" ahead by a whisker.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.