CITY DIARY: UBS sells City HQ to Victor Li, son of mega-wealthy property tycoon Sir Li Kash-ing
UBS has sold its 13-storey City headquarters for £1billion to Victor Li, son of mega-wealthy – and aptly named – property tycoon Sir Li Kash-ing.
In 1996, molelike Li, 89, was forced to pay a £100million ransom after Victor, 53, was taken captive by gangsters.
His kidnapper, local king pin 'Big Spender' Cheung Tze-keung, later had the gall to ring Li for advice on how he should invest the loot.
Mothercare is a chaotic ship. The struggling babycare retailer is closing 50 stores after swinging to a £72.8million loss last year.
To carry out the restructuring, chief executive Mark... read more
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