The Man Behind an Audacious Bid for the London Stock Exchange Isn't Giving Up
- HKEX needs to convince investors to accept bid for LSE
- CEO Li has often succeeded with seemingly outlandish plans
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Charles Li is at it again: trying to persuade doubters that a one-time oil rigger who grew up on the fringes of the Gobi desert is the right buyer for a centuries-old British institution.
The Hong Kong Exchanges & Clearing Ltd. chief executive officer succeeded the first time, when the Asian bourse bought the London Metal Exchange in 2012. As with that deal, the odds are stacked against him following the initial rebuff by the London Stock Exchange Group Plc to his $36.6 billion offer and questioning by China’s state media.