The richest man in Hong Kong, Lee Kashing, has made a decision to leave the CK Hutchison's president's post and the executive chair, Bloomberg reports.

"I have decided to leave the post of the group leader and leave the executive chair. It will be officially announced at the company's annual meeting, "Lee said.

It has been announced that the 89-year-old president of CK Hutchison Holdings Ltd and CK Asset Holdings Ltd will remain as a group advisor.

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