Chinese Estates, developer of No. 55 Conduit Road, has transitioned from a property group into an investment holding company, as indicated by its results announcement for the first half of 2019. The last property sold by the company was at the Conduit Road development in January 2018. Photo: Sam Tsang

Hong Kong developer Chinese Estates morphs into investing firm, swings to profit in first half

  • Property company controlled by family of Hong Kong tycoon Joseph Lau Luen-hung reports a first half profit of HK$845 million (US$108 million), reversing from a HK$363.5 million loss in the same period last year
  • Result was boosted by gains from investments
Topic |   Hong Kong property

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Chinese Estates, developer of No. 55 Conduit Road, has transitioned from a property group into an investment holding company, as indicated by its results announcement for the first half of 2019. The last property sold by the company was at the Conduit Road development in January 2018. Photo: Sam Tsang
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