Thomas Kwok

Rafael Hui faces new corruption charge

Rafael Hui Si-yan. Photo: Edward Wong

Former government number two Rafael Hui Si-yan is to face a new charge that he “concealed” alleged corrupt payments of more than HK$11 million when Hong Kong’s biggest ever corruption case returns to court next week.

Friday, 1 March, 2013, 11:09pm

Tycoon warns of squeezed profits

Tycoon Lee Shau-kee yesterday cast a note of caution over the profitability of the city's real estate sector, warning that developers' profit margins would be squeezed by rising construction costs and increased land supply.

20 Jul 2012 - 12:00am

SHKP shareholders deserve better

Investors used to love Sun Hung Kai Properties and its professional management by the three billionaire Kwok brothers who formed what was called an iron triangle. But their bitter family feud and now corruption charges against two of the brothers reveal once again the limits and unreliability of family-controlled business empires in Hong Kong.

16 Jul 2012 - 12:00am

Breaking with the old ways

Once seen as being unprepared for command of Hong Kong's largest property developer, the third generation of the Kwok family has finally been entrusted with the task of controlling Sun Hung Kai Properties.

14 Jul 2012 - 12:00am

Kwoks 'paid HK$34m in bribes'

Ex-chief secretary Rafael Hui Si-yan took more than HK$34 million worth of bribes from the billionaire Kwok brothers and two others in return for favours, the ICAC alleged yesterday.

The graft-buster charged Thomas Kwok Ping-kwong and Raymond Kwok Ping-luen - co-chairmen of Sun Hung Kai Properties - and Hui with bribery and public misconduct.

14 Jul 2012 - 12:00am

Crunch time in Sun Hung Kai graft probe

An unprecedented anti-corruption investigation into the tycoon brothers who head Hong Kong's richest property dynasty and their alleged links to a former top government official will reach a critical stage just days after the city's new leader is sworn in on July 1.

24 Jun 2012 - 12:00am

SHKP hires new message maker

The Kwok brothers who run Hong Kong's Sun Hung Kai Properties, have quietly hired a crisis manager to help them navigate through one of the highest-level corruption probes in the history of the anti-graft agency, the Independent Commission Against Corruption.

16 May 2012 - 12:00am

The executives who could step into Kwoks' shoes

The arrest of the joint chairmen of Sun Hung Kai Properties (SHKP) has turned the spotlight on the company's senior management and raised a key question: which of the company's veteran executives are capable of taking over if the Kwok brothers cannot perform their day-to-day roles?

16 May 2012 - 12:00am

Third generation 'not ready' to run family firm

The arrest of all three Kwok brothers at the top of Sun Hung Kai Properties in a corruption investigation has deepened concern about succession at the firm.

Their children, the third generation of Kwoks, are not seen as being ready to take command of the listed developer, in which the family retains a controlling stake.

5 May 2012 - 12:00am

Walter Kwok is arrested By ICAC

The third Kwok brother, Walter Kwok Ping-sheung, has been arrested as part of Hong Kong's biggest anti-corruption probe, it emerged yesterday.

5 May 2012 - 12:00am

SHKP's sales to beat goal, says new director

Brushing aside the arrest of the group's two joint chairmen on suspicion of corruption, Sun Hung Kai Properties newly appointed executive director yesterday assured investors that the developer would probably beat its HK$32 billion sales target for the current financial year, which ends in June.

13 Apr 2012 - 12:00am

SHKP fills vacancy for executive director

Sun Hung Kai Properties yesterday appointed company veteran Victor Lui Ting an executive director with effect from today.

The move comes amid concern on the part of global investors about the firm's management after its two co-chairmen were arrested by Hong Kong's anti-graft body late last month.

12 Apr 2012 - 12:00am

SHKP briefing didn't go by book

When the Kwok brothers of Sun Hung Kai Properties faced the media last week to proclaim their innocence in a corruption-related investigation, crisis management industry experts say their efforts did not conform to the playbook for how to handle corporate turmoil.

10 Apr 2012 - 12:00am

Six degrees

Raymond and Thomas Kwok (below), the joint chairmen of Sun Hung Kai Properties, have had a somewhat lively time of it recently, what with the Independent Commission Against Corruption investigations and all that. Fortunately, it's unlikely that Thomas, in particular, has had his faith tested by recent events.

8 Apr 2012 - 12:00am

Developer pushes on with sales launch

Undeterred by a corruption probe into its two joint chairmen, Sun Hung Kai Properties still plans to push ahead with the release of an aggressively priced major residential housing project in Tuen Mun to gauge market demand.

6 Apr 2012 - 12:00am