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.
Spruce-up for shopping centre
SUN Hung Kai Properties has spent $60 million for the renovation of the Chi Fu Fa Yuen shopping centre, which has been renamed as Chi Fu Landmark.
Jimmy Wong, general manager of the group's subsidiary Kai Shing Management Services, said it was renovating its shopping centres and adding new facilities.