Joseph Lau Luen-hung, the billionaire owner of Chinese Estates Holdings, has netted a paper gain in a matter of weeks on his share purchases in Future Land. Photo: Sam Tsang

Chinese Estates’ Joseph Lau pockets HK$15 million paper gain after buying shares of troubled developer Future Land

  • Share purchase underscores how Chinese Estates has been quietly morphing into a financial holding company
  • Future Land shares have rebounded since they were clobbered in the wake of revelation of the arrest of its founder Wang Zhenhua on a charge of child molestation on July 3
Topic |   China property

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Joseph Lau Luen-hung, the billionaire owner of Chinese Estates Holdings, has netted a paper gain in a matter of weeks on his share purchases in Future Land. Photo: Sam Tsang
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