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Strategies & Market Trends : Coming Financial Collapse Moderated

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To: TobagoJack who wrote (639)	3/22/2002 9:27:56 AM
From: TobagoJack	Read Replies (2) of 974

online.wsj.com HK Li Ka-shing: In Talks On Selling Husky Energy Stake DOW JONES NEWSWIRES HONG KONG -- Tycoon Li Ka-shing said Thursday he is talks with several parties on selling his stake in Canadian oil company Husky Energy Inc. (T.HSE), but so far there is no agreement on price. Li's comment was his first confirmation that Husky Energy is indeed on the sale block. The Hong Kong Economic Times reported in February that Chinese oil companies PetroChina Co. (PTR) and CNOOC Ltd. (CEO) were considering joining forces to buy a controlling stake in the Calgary-based oil company. Li and his family own direct and indirect stakes in Husky Energy totaling 71.7%. -By Chan Ka Sing, Dow Jones Newswires; 852-2802-7002; ks.chan@dowjones.com Following the February report, PetroChina said it had had preliminary contacts with Husky regarding a possible transaction. Li was speaking at the announcement of 2001 earnings for his flagship firm Hutchison Whampoa and its parent Cheung Kong Holdings. Updated March 21, 2002 4:41 a.m. EST

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