Two years after Hong Kong’s richest man reorganized his business empire, promising the new structure would make his shareholders wealthier, it seems they would have been better off cashing out. That’s because anyone holding $1,000 in shares of billionaire Li Ka-shing’s two main companies when the overhaul was completed in June 2015 would see that investment shrink to about $830 today after the creation of CK Hutchison Holdings Ltd. and Cheung Kong Property Holdings Ltd. The same money invested in a basket of stocks mirroring Hong Kong’s benchmark Hang Seng Index would only have fallen to about $930.