Former Chinese Estates Holdings chairman and chief executive Joseph Lau Luen-hung resigned after he was found guilty of bribery and money laundering charges in Macau. Photo: Dickson Lee Former Chinese Estates Holdings chairman and chief executive Joseph Lau Luen-hung resigned after he was found guilty of bribery and money laundering charges in Macau. Photo: Dickson Lee
Former Chinese Estates Holdings chairman and chief executive Joseph Lau Luen-hung resigned after he was found guilty of bribery and money laundering charges in Macau. Photo: Dickson Lee

Chinese Estates, run by family of fugitive tycoon Joseph Lau, swings from interim profit to loss as its Evergrande shares plummet

  • The Hong Kong developer posted an interim loss of HK$ 37.3 million (US$4.79 million) for the six months ended June
  • Billionaire Lau was convicted of bribery and money-laundering by a Macau court in 2014, but avoided a five-year jail term by not travelling there

Topic |   Hong Kong property
Former Chinese Estates Holdings chairman and chief executive Joseph Lau Luen-hung resigned after he was found guilty of bribery and money laundering charges in Macau. Photo: Dickson Lee Former Chinese Estates Holdings chairman and chief executive Joseph Lau Luen-hung resigned after he was found guilty of bribery and money laundering charges in Macau. Photo: Dickson Lee
Former Chinese Estates Holdings chairman and chief executive Joseph Lau Luen-hung resigned after he was found guilty of bribery and money laundering charges in Macau. Photo: Dickson Lee
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