Billionaire Li Ka-shing, chairman of CK Hutchison, reacts as he leaves a news conference in Hong Kong, China, on Thursday, Feb. 26, 2015.

Getty Images

Billionaire Li Ka-shing, chairman of CK Hutchison, reacts as he leaves a news conference in Hong Kong, China, on Thursday, Feb. 26, 2015.

Billionaire Li Ka-shing, nearly 89 years old, plans to retire as chairman of conglomerate CK Hutchison by next year, the Wall Street Journal reported on Tuesday, citing people briefed by the storied businessman.

A representative for CK Hutchison, reached by phone, was not immediately able to comment to CNBC about the Journal’s report.

For more on Li Ka-shing’s plans, see the report in the Wall Street Journal.

Source

NO COMMENTS