A corruption probe into the activities of one of Asia's richest families widened Friday after Hong Kong authorities arrested the eldest sibling of the Kwok brothers at the centre of the scandal. (read the news…) Related items Eldest Kwok arrested as Hong Kong graft probe widens Hong Kong tycoons' brother arrested in graft probe...
The former chief executive of Hong Kong developer Sun Hung Kai Properties Ltd. was arrested in a high profile anti-corruption probe that has already targeted his billionaire brothers and a top official.Hong … (read the news…) Related items Sun Hung Kai Rode Boom to Become World’s Second Largest Eldest Kwok brother arrested by HK...
Hong Kong’s anti-corruption commission arrested Thomas and Raymond Kwok , the billionaire co-chairmen of Sun Hung Kai, and Rafael Hui, formerly the city’s No. 2 official, in March in one of the highest-level investigations in the body’s 38-year history. (read the news…) Related items Eldest Kwok brother arrested by HK watchdog Hong Kong tycoons'...
HONG KONG (MarketWatch) — Hong Kong's Sun Hung Kai Properties Ltd. said Friday its non-executive director, Walter Kwok Ping-sheung, was arrested Thursday evening by Hong Kong's anti-graft law enforcement agency in connection with an investigation into suspected offences involving the Prevention of Bribery Ordinance. The real-estate developer said in a statement to the stock...
Home-sales activity in major Chinese cities surges over the extended holiday weekend, signalling what some experts see as big turnaround in Chinese real estate. (read the news…) Related items Asia Stocks to Watch: China property stocks slip as bleak 2012 looms Asia Stocks to Watch: Good news still bad news for China property stocks...
China's real estate prices have bene cooling off lately, but they remain hotter than anywhere else (read the news…) Related items Research and Markets: Hong Kong Real Estate Report Q1 2012: Demand and Prices to Decline Steadily over the Coming Months Hong Kong property market tipped to fall in 2012 UBS upgrades Shun Tak...
HONG KONG (Reuters) – Graff Diamonds, a high-end jeweler based in London, will seek approval from the Hong Kong stock exchange on Thursday for an initial public offering of as much as $1 billion, two sources with direct knowledge of the plan said. The share sale would surpass the $600 million listing by the...
HONG KONG (Reuters) – Walter Kwok, the eldest brother of the family that runs Sun Hung Kai Properties , on Wednesday moved to distance himself from Rafael Hui, the former Hong Kong official arrested in connection with a bribery probe involving Kwok's younger brothers. Kwok, ousted from the company's top spot in 2008, said...
CHONGQING/HONG KONG (Reuters) – China's biggest municipality, Chongqing, has approached Hong Kong investors with the aim of selling distressed property assets and bolstering its finances, which are under a cloud after the fall of its ambitious leader, Bo Xilai, a source said. (read the news…) Related items Chongqing looks to sell distressed assets after...
Markets in China and Hong Kong closed Tuesday for May Day holidays. Property developers saddled with unsold inventory and rising debt will get some respite, but it could be a tough ride ahead. China has been trying to tamp property inflation since 2010, and its policy seem to be working: average house prices have...
