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SCMP Reporter

DISAGREEMENT between Climax International's majority shareholders, the Fung brothers, has led to the younger brother selling his shares to the elder for $246.5 million.

  The share sale by chairman Fung Kwong-fat and his family, and the acquisition by vice-chairman Fung Kwong-yan and his family will lead to the latter group doubling its stake in Climax to 72.5 per cent.



Share sale at Climax