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a corruption probe into the activities of one of asia's richest families widened friday after hong kong authorities arrested the eldest sibling of the kwok brothers at the centre of the scandal.the kwok family's company , sun hung kai properties , was briefly suspended from trade on the hong kong stock exchange ahead of its announcement that anti-graft agents had arrested walter kwok over bribery allegations .
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sun hung kai properties (shkp) could generate hk$150 billion in property sales over a decade by developing its 26 million square foot farmland portfolio , according to a new report , which also warns that such a move may have been set back by the recent arrest of the company's two joint-chairmen .
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the arrest of the joint chairmen of sun hung kai properties (shkp) has turned the spotlight on the company's senior management and raised a key question: which of the company's veteran expecutives are capable of taking over if the kwok brothers cannot perform their day-to-day roles?
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a corruption probe into the activities of one of asia's richest families widened friday after hong kong authorities arrested the eldest sibling over if the kwok brothers at the centre of the scandal.the kwok family's company , sun hung kai properties , was briefly suspended from trade on the hong kong stock exchange aheared of its announcement that anti-graft agents had arrested walter kwok over bribery allegations .
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sun hung kai properties (shkp) could generate hk$150 billion in property sales over a decade by developing its 26 million square foot farmland portfolio , according to a new report , which also warns that such a move may have been set back by the recent arrest of the company's two joint-chairmen .
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the arrest of the joint chairmen of sun hung kai properties (shkp) has turned the spotlight on the company's senior management and raised a key question: which of the company's veteran expecutives are capable of taking over if the kwok brothers cannot perform their day-to-day roles?
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hong kong (reuters) - octogenarian hong kong baillionaire mr li ka-shing mapped out a succession plan for one of asia's biggest family empires , ensuring a smoother transition for the cheung kong group than that of rental estate rival sun hung kai properties .
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walter kwok , the former chairman of sun hung kai properties , was arrested by the city’s anti-corruption agency t his younger brothers and a former city official were arrested ing march .
sun hung kai properties expects rental income from its flagship mall in kowloon to increase 20 per cent to hk$350 million this year as tenants have registered brisk sales since january .
thomas and raymond kwok , of sun hung kai properties , appeared on monday at the icac to renew their bail as part of a graft investigation that has sapped shareholder confidence .
shares in sun hung kai properties fell 1.8 per cent after trading resumed on friday afternoon , following a company announcement that former chairman walter kwok had been arrested .
a corruption probe into the icactivities of one of asia's richest families widened today after authorities arrested the eldest sibling over if the kwok bro.. .
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