Joseph Lau Luen-hung (centre) and his wife Chan Hoi-wan leave China Evergrande Centre in Wan Chai in March. Lau has announced he had transferred his entire controlling stake in Chinese Estates, worth an estimated US$2.17 billion, to his wife and son, Lau Ming-wai. Photo: Edward Wong

Chinese Estates issues first-half profit warning, as rental income falls

Hong Kong landlord expects net profit to drop between 8pc and 18pc, with revenue to slump between 60pc and 70pc

Topic |   Hong Kong property

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Joseph Lau Luen-hung (centre) and his wife Chan Hoi-wan leave China Evergrande Centre in Wan Chai in March. Lau has announced he had transferred his entire controlling stake in Chinese Estates, worth an estimated US$2.17 billion, to his wife and son, Lau Ming-wai. Photo: Edward Wong
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