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CK Hutchison, CK Asset ratings unaffected by Li's retirement

S&P Global Ratings said today that its ratings of 
CK Hutchison Holdings Ltd. (00001) (A-/Positive/--) and CK Asset Holdings Ltd. (01113) 
(A/Stable/--) are unaffected by the retirement of their chairman and founder Li Ka-shing.
The two companies also continued to perform well in 2017, upholding their strong credit
profiles.
  S&P believes the succession has been well planned because the proposed new chairman, 
Victor Li, has been with the CK group for more than 30 years. Victor Li, a son of the
founder, is the deputy chairman of both companies as well as the managing director of CK 
Asset Holdings and co-managing director of CK Hutchison. He has helped steer the companies
through periods of economic volatility and has expanded and diversified the group's
businesses. The board of directors and management team of both companies are seasoned
professionals and long-term veterans in the companies and their respective industries, in
our view. Li Ka-shing will continue to be a senior advisor to the CK Group companies after
his retirement in May. 

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