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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (1292)	11/9/2003 7:02:04 AM
From: Julius Wong	Respond to of 6370

Hong Kong's Victor Li Invests C$650 Mln in Air Canada Nov. 9 (Bloomberg) -- Victor Li, son of Asia's richest businessman, beat Cerberus Capital Management LP to buy a 31 percent stake in Air Canada for C$650 million ($486 million), an investment that will help the carrier emerge from bankruptcy. Victor Li will fund the purchase personally or use assets of the family of his father Li Ka-shing, who owns the world's biggest port operator and invests in telecommunications, property and drug stores. Creditors with claims of as much as C$10 billion will get a stake of about 56 percent in Canada's largest airline, Montreal-based Air Canada said in a statement. quote.bloomberg.com