Reuters: Market News: Hong Kong's Li says will not exit Facebook totally when it lists

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Hong Kong's Li says will not exit Facebook totally when it lists Mar 29th 2012, 09:14 HONG KONG, March 29 | Thu Mar 29, 2012 5:14am EDT HONG KONG, March 29 (Reuters) - Hong Kong tycoon Li Ka-shing, one of Asia's richest man, said on Thursday that his foundation would at least recoup its capital when Facebook Inc lists. Li, who is a Facebook investor and is also chairman of Hutchson Whampoa, told a news conference that the foundation would not exit its investment in the popular social networking site completely and would hold on to the rest of the stake as a long-term investment.

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