A publication by Joe Studwell called Asian Godfathers, however, unveils that the rags-to-riches lies in which many south-east Asian tycoons shroud themselves, applies also to Li Ka-Shing as it does to other tycoons in the region.
Lying you say, my my
His Deceit Has Affected Canada...Allowing For Further Triad Activity
Besides business through his flagship companies Cheung Kong Holdings and Hutchison Whampoa, Li Ka-shing also personally has extensively invested in real estate in Singapore and Canada. He was the single largest shareholder of Canadian Imperial Bank of Commerce (CIBC), the fifth largest bank in Canada until the sale of his share in 2005 (with all proceedings donated, see below). He is also the majority shareholder of a major energy company, Husky Energy, based in Alberta, Canada.[27]
In January 2005, Li announced plans to sell his $1.2 billion CAD stake in the Canadian Imperial Bank of Commerce, with all proceeds going to private charitable foundations established by Li including the Li Ka Shing Foundation in Hong Kong and the Li Ka Shing (Canada) Foundation based in Toronto.[28]
Li has some real estate interest in Vancouver, specifically in connection with Concord Pacific Developments that developed the old Expo '86 lands in Yaletown[citation needed], as well as Concord Park Placeand CityPlace, Toronto in Toronto.
Triad criminals/developers have followed in his footsteps leading the way for Asian crime groups to gain a foothold here in beautiful Canada.
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