Philip Chen named adviser to Hang Lung chairman

Business | 16 Jul 2018 12:00 pm

Philip Chen Nan-lok, 62, will serve as adviser to chairman of Hang Lung Group (0101), Ronnie Chan Chi-chung for a year, the property developer said today. He is also becomes a non-executive director.

He will receive a director’s fee of HK$675,000 per year.

He will also receive a gratuity of HK$40 million today, the company said.

His retirement was to be effective today as annoucned earlier.

Chen joined the company and its listed holding company, HLG as chief executive in 2010.

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