Hongkong Land has posted a net profit of nearly US$$1.4 billion for the first six months of its fiscal year. This overturns a loss of US$402.4 million in the year ago period while revenue for the same period stood in at US$765.1 million. This was a 46.7 per cent increase when compared to the same period a year ago. The group attributes the growth to relatively robust demand for office and retail space...
Hong Kong Developers
A FAMILY feud at Sun Hung Kai Properties, one of Hong Kong's biggest developers, is shaping up to become a feisty legal battle for boardroom control. The woes of the Kwok family have taken a dramatic twist after the chairman of Sun Hung Kai Properties, who took leave of absence in February, filed a writ against the company and his brothers. At the time, Sun Hung Kai Properties said Walter Kwok was taking...