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July 28, 2008

The ousted chairman of family-owned Sun Hung Kai Properties has hit back at family members by saying the real estate company should look outside the family for more suitable leaders

The ousted chairman of family-owned Sun Hung Kai Properties has hit back at family members by saying the real estate company should look outside the family for more suitable leaders.

Walter Kwok, who was replaced by his mother following a disagreement with his two younger brothers in May, said, "Rather than key positions in the company being taken by the family, we should be more inclined to have the most suitable person fulfil the key positions."

May 28, 2008

The ongoing feud between the Kwok family at Hong Kong’s biggest property developer, Sun Hung Kai Properties, has come to a head with Walter Kwok’s 79-year-old mother, Kwong Siu-hing, replacing him as chairman of the company.

The ongoing feud between the Kwok family at Hong Kong’s biggest property developer, Sun Hung Kai Properties, has come to a head with Walter Kwok’s 79-year-old mother, Kwong Siu-hing, replacing him as chairman of the company. Kwong is the wife of SHKP’s late founder and currently owns just over 41% of the company.

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