Property News · September 1, 2020

Hong Kong ‘shop king’ Tang Shing-bor reaches settlement on unpaid rent of US$1.5 million for hotel property


Billionaire Tang Shing-bor, Hong Kong’s “shop king”, has swiftly settled a court case brought against him over unpaid rent of nearly HK$12 million (US$1.5 million) for a hotel property in Tsim Sha Tsui.The settlement comes amid market speculation that the tycoon is under financial stress after the Tang family has divested more than HK$1 billion worth of property assets so far this year.In its first public response to the legal action, the spokesman of Stan Group, the family office representing…

Source : South China Morning Post
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