With Thomas, 65, punished to 5 years in 2014 for bribery and also eldest sibling, Walter, striking off on his very own, Raymond, 63, is now the single chairman of Hung Kai Residence. The Kwok bros inherited the openly traded business after the death of their father, Kwok Tak-seng, in 1990. The majority of its investments remain in Hong Kong, such as the International Commerce Centre, the city’s tallest high-rise, as well as the International Finance Centre. The residential property organisation is also expanding on the mainland.
Kwok is chairman of Sun Hung Kai Properties, Hong Kong’s largest real estate developer. He was cleared of bribery charges in 2014, while his brother Thomas was sentenced to five years jail. Kwok owns about 18 percent of the company, which had revenue of HK$78.2 billion ($10.1 billion) in the year to June 30, 2017.
Source:
- Forbes
- bloomberg