Wednesday, November 25, 2015   

Sun Hung Kai settles dispute, Walter Kwok resigns
(01-28 15:03)

Walter Kwok Ping-sheung has resigned as a non-executive director fro Sun Hung Kai Properties (0016), the local developer said in a statement.
The family has also reached a consensus on settling the dispute concerning the equity interest of the group.
"The members of the Kwok family are pleased to announce that they have reached an amicable agreement regarding the treatment of the family’s interests," the statement said.
Walter Kwok and his family got the same entitlement to shares in Sun Hung Kai, as his brothers and their families, said the statement.
Walter Kwok was ousted as head of the company in 2008 by his brothers, current co-chairmen Thomas Kwok Ping-kwong and Raymond Kwok Ping-luen. Walter Kwok was then removed in October 2010, as a beneficiary of the family trust that owns a 43 percent stake in the developer. But Walter's status as a beneficiary is now restored.   
Other Business breaking news:
US stocks rebound (1 hr ago)
HK stocks lower, CKI and Power Assets shares dip (1 hr 5 mins ago)
German execs upbeat over business (11-24 17:41)
Allianz trims coal portfolio (11-24 17:39)
Multi-billion-dollar deals break all-time records (11-24 17:13)
Hang Seng closes lower (11-24 16:46)
Emails between Coke and Global Energy Balance Network (11-24 16:39)
Global Energy Balance Network accommodated Coke’s input (11-24 16:36)
Emails reveal Coke’s hidden hand in shaping anti-obesity group’s public message (11-24 16:15)
Sa Sa earnings dive by 55pc, profit margin shrinks (11-24 16:09)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.