SHKP

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. 

Li Ka-shing, chairman of CK Hutchison Holdings Ltd. and Cheung Kong Property Holdings Ltd., meets the press in Wan Chai in January. SCMP/Sam Tsang

Cheung Kong, SHK biggest winners in Hong Kong’s home market

Hong Kong’s residential property prices, which are the highest among the world’s major urban centres, have turned the city’s two biggest developers into winners, helping them beat their 12-month sales targets half way through the year.

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