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Sun Hung Kai properties

December 19, 2014

Thomas Kwok found guilty on bribery charges; Korean Air faces penalties following macadamia nut case; and News Corp UK suffers £3.5 million loss.

Thomas Kwok found guilty on bribery charges

Hong Kong billionaire Thomas Kwok, co-chairman of one of the district’s largest property developers, has been convicted of conspiring to bribe one of the city's former top officials. His brother, Raymond, was found not guilty on all charges.

December 6, 2013

The controlling shareholder of one of the largest real estate companies in Hong Kong, Sun Hung Kai Properties, has handed a significant chunk of shares to two of her three sons, even though they are awaiting trial for bribery of an official.

The controlling shareholder of one of the largest real estate companies in Hong Kong, Sun Hung Kai Properties, has handed a significant chunk of shares to two of her three sons, even though they are awaiting trial for bribery of an official.

March 30, 2012

Billionaire brothers Raymond and Thomas Kwok, who control Sun Hung Kai Properties, one of Asia’s biggest property developers, have been arrested in Hong Kong on suspicion of corruption.

Billionaire brothers Raymond and Thomas Kwok, who control Sun Hung Kai Properties, one of Asia’s biggest property developers, have been arrested in Hong Kong on suspicion of corruption.

They were arrested on 29 March by the Independent Commission Against Corruption, the company said in a statement, adding that business operations will not be affected and the brothers will maintain their roles within the firm.

February 29, 2012

Family businesses Bouygues, Luxottica and Sun Hung Kai Properties each announced positive financial results yesterday, but French industrial conglomerate Bouygues warned that increased competition could hit its telecoms division in 2012.

Family businesses Bouygues, Luxottica and Sun Hung Kai Properties each announced positive financial results yesterday, but French industrial conglomerate Bouygues warned that increased competition could hit its telecoms division in 2012.

In a statement released on 28 February, the Paris-based company, which is 29.6% controlled by the Bouygues family, said revenues increased by 5% in 2011 to €32.7 billion, from €31.2 billion in 2010.

January 6, 2012

Hong Kong’s three richest individuals are all family business owners but their fortunes declined last year as economic growth slowed in China, according to the city-state's latest rich list.

Hong Kong’s three richest individuals are all family business owners but their fortunes declined last year as economic growth slowed in China, according to the city-state's latest rich list.

Forbes magazine said Li Ka-shing, the 83-year-old chairman of family-controlled conglomerates Hutchison Whampoa and Cheung Kong Holdings, is Hong Kong’s wealthiest individual with approximately $22 billion (€17.2 billion) in assets. This represents an 8% decline from last year’s $24 billion.

January 7, 2008

Liquid Real Estate magazine has named family-owned property firm Sun Hung Kai Properties (SHKP) as the Best Global Developer, making it the only Hong Kong developer in the world’s top 10.

Liquid Real Estate magazine has named family-owned property firm Sun Hung Kai Properties (SHKP) as the Best Global Developer, making it the only Hong Kong developer in the world’s top 10. It was also designated the best developer in Hong Kong and Asia for the third year running in the magazine poll.

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