Joseph Lau Luen-hung, and his wife Chan Hoi-wan (in pink), just after he announced in March last year he had transferred his entire controlling stake in Chinese Estates, worth an estimated HK$16.99 billion, to her and his son Lau Ming-wai. Photo: Edward Wong

Chinese Estates profit tumbles 42pc after former chairman’s asset sell-offs

Developer sold rental income generating properties in Hong Kong, Shenzhen and Shanghai as part of the restructuring 

Topic |   Property investment

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Joseph Lau Luen-hung, and his wife Chan Hoi-wan (in pink), just after he announced in March last year he had transferred his entire controlling stake in Chinese Estates, worth an estimated HK$16.99 billion, to her and his son Lau Ming-wai. Photo: Edward Wong
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