More charges for SHKP chiefs | Asia Property

Subscription Enquiries
Editorial Enquiries

This will be the secondary navigation

More charges for SHKP chiefs

Published on February 14th, 2014

More graft charges have been lined up against the co-chairmen of Sun Hung Kai Properties.

In an amended indictment, the prosecution yesterday pressed two additional charges against Raymond Kwok Ping-luen – a bribery charge and a count of conspiracy to commit misconduct in public office. He now faces four charges.

His elder brother, Thomas Kwok Ping-kwong, was charged with an extra count of bribery, taking to three the number of charges against him.

SHKP shares have fallen nearly 20% in the past 12 months, but this is only slightly worse than the 17% the Hang Seng Property Index has fallen and the new charges have made no difference to the current share price.


Market Talk

“The number of Chinese private passenger cars is growing at an annual rate of 10% and the country has become the largest market in the world. But the number of...


Sydney and Melbourne markets stay hot

Overseas investors continue to favour Sydney and Melbourne despite high prices, buying most of the assets in a portfolio sold by Singapore-based TrustCapital Advisors for A$728m ($550.7m). AEW acquired 50...

Company Profiles

Pradera Retail Asia

The joint venture is combining Pradera’s European retail expertise with Macquarie’s knowledge of Asian markets to run four Chinese malls, with an eye to expansion in China and elsewhere Pradera...