The billionaire chairman of Hong Kong’s biggest electricity producer has used full-page adverts in the 2 newspapers to argue that “young people are Hong Kong's future... we cannot leave them in desperation or despair.” by DavidGDawkins
chairs CLP Holdings, the publicly-traded power company his family co-founded in 1901. He is the second of Hong Kong’s billionaires to use newspaper adverts to call for an end to the violence while appearing to extend an olive branch to the pro-democracy protesters.
Michael Kadoorie is the scion of a family of Iraqi Jews who settled in Asia over a century ago. His CLP Holdings serves 80% of Hong Kong's population with electricity. Kadoorie is also chairman of The Hongkong & Shanghai Hotels, the global luxury chain that owns the Peninsula Hotels. But appealing directly to the city's angry youth, he writes: “I have spoken many times of how our young people are Hong Kong's future. We cannot leave them in desperation or despair. It is the responsibility of us all to rebuild trust in the community and create hope for the younger generation.”Xinhua News Agency/Getty Images
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