Shui On Land chairman Vincent Lo apologised to shareholders when it reported an 87 per cent year-on-year plunge in full-year profits to 201 million yuan in 2012. Photo: David Wong

Smaller Hong Kong developers encounter difficulties in gaining a foothold in mainland China

Bigger players have advantage in capital intensive business

Topic |   China property

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Shui On Land chairman Vincent Lo apologised to shareholders when it reported an 87 per cent year-on-year plunge in full-year profits to 201 million yuan in 2012. Photo: David Wong
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