Property News · June 24, 2020

Emperor, biggest landlord on Hong Kong’s Russell Street, world’s most expensive shopping avenue, reports US$464.5 million loss


Emperor International Holdings, the biggest landlord on Hong Kong’s Russell Street, the world’s most expensive shopping avenue last year, reported a net loss of HK$3.6 billion (US$464.5 million) for the 2019-2020 financial year on Tuesday.The company, the property arm of Albert Yeung Sau-shing’s privately run Emperor Group, reported the loss in a filing to the Hong Kong stock exchange late on Tuesday.Emperor said the loss, its first since 2016, could be attributed mainly to a revaluation loss…

Source : South China Morning Post
Read more…Emperor, biggest landlord on Hong Kong’s Russell Street, world’s most expensive shopping avenue, reports US4.5 million loss