Hong Kong’s Kwok family will invest HK$9.4 billion (US$1.2 billion) for a 25 per cent stake in office towers to come up on a plot of land won by Sun Hung Kai Properties last month. The family is the company’s controlling shareholder and its investment is being viewed as a show of confidence in the city’s economy.Hong Kong’s economy entered a technical recession in the third quarter amid anti-government protests that started in June and have since derailed its tourism, aviation as well as…
Source : South China Morning Post
Read more…Hong Kong’s Kwok family boosts city with HK.4 billion cheque for stake in Sun Hung Kai towers atop West Kowloon station















