Billionaire Li Ka-shing’s Hutchmed in $608m health unit stake sales

Billionaire Li Ka-shing’s Hutchmed in $608m health unit stake sales

Li Ka-shing Photographer: Anthony Kwan/Bloomberg

Hutchmed (China), controlled by tycoon Li Ka-shing, is selling stakes in its health subsidiary for around $608 million as the billionaire and his flagship conglomerate look to ramp up capital and pivot towards core operations at the drugmaker.

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