Kwok family ups stake in SHKP

Business | Winnie Lee 26 May 2020

The Kwok family trust has increased its stake in Sun Hung Kai Properties (0016) by 1 million shares for HK$90.87 million.

Five family members, including Kwong Siu-hing and SHKP chairman Raymond Kwok Ping-luen, voluntarily declared they had purchased SHKP shares at an average price of HK$90.8692 per share on May 22.

The Kwok family trust's shares rose from 26.59 percent to 26.63 percent. This was the second time the family raised its shares of SHKP in 10 days.

On the same day, the son of Thomas Kwok Ping-kwong, Adam Kwok Kai-fai bought 450,000 shares of SHKP at an average price of HK$92.7516 per share for a total of HK$41.74 million through his company Thriving Talent.

In total, the Kwok's family increased their shares in SHKP for a total of HK$132 million.

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