• Thu
  • Dec 25, 2014
  • Updated: 2:39pm

Sun Hung Kai Properties

Sun Hung Kai Properties is one of Hong Kong’s largest property groups, with revenue of HK$68.4 billion in the 2011-2012 financial year, and profit attributable to shareholders of HK$43.08 billion. The company has been shaken in recent years by disputes between family members, with chairman and chief executive Walter Kwok being forced to step down in a dispute with his brothers Thomas and Raymond. In March, the Independent Commission Against Corruption (ICAC) arrested senior officials as part of a corruption probe that also included former chief secretary Rafael Hui. 

SHK eyes $25.2m from issue

PUBLISHED : Monday, 26 April, 1999, 12:00am
UPDATED : Monday, 26 April, 1999, 12:00am

Singapore Hong Kong Properties Investment (SHK) is to raise $25.2 million by placing 630 million new shares at 4 cents each. The company said the proceeds would be used to repay bank borrowings and as working capital.


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