Chairman ups stake in Hutchison for $116 mln

HONG KONG Aug 13 (Reuters) - Billionaire Li Ka-shing has raised his stake in ports-to-telecom flagship Hutchison Whampoa (0013.HK) for about HK$900 million ($116 million), a disclosure from the Hong Kong Exchanges and Clearing showed.

Li bought a total of 15.3 million Hutchison shares during Aug. 6-10, raising his stake in the conglomerate to 52.28 percent from the previous 51.92 percent, according to the disclosure from the Hong Kong bourse.

Li bought the shares at an average price of between HK$57.246 and HK$59.936 per share.

Group Managing Director Canning Fok bought about 1 million shares at an average HK$56.75 each on Aug. 6, a day after the company announced forecast-beating results, according to a disclosure from the Hong Kong bourse earlier this week. Director Frank Sixt bought 150,000 shares at HK$54 on the same day. [ID:nHKF002584]

Shares of Hutchison have risen 5.2 percent so far this week, outperforming a 2.6 percent decline in the broader Hang Seng Index .HSI. (US$1=HK$7.77) (Reporting by Donny Kwok; Editing by Jacqueline Wong)