Sun Hung Kai Properties Ltd (0016.HK)
Latest Key Developments (Source: Significant Developments)
Wong's International Holdings Ltd <0099.HK>: Profit warning and possible joint venture termination in respect of One Harbour Square <0099.HK> . Expected result mainly attributable to decrease in the group's share of profit in group's property development joint venture . Discussing with Sun Hung Kai Properties a proposal to separate the parties' interests in One Harbour Square . Consolidated net profit attributable to the owners of co for the interim period is expected to record a significant decrease by approximately 57% . Discussions are ongoing and no binding agreements have yet been signed with SHKP" . Full Article
HONG KONG Hong Kong's red-hot property market kicked off 2018 with hundreds queuing to buy flats in the first major property launch of the year on Saturday, backing expectations strong demand will further lift record prices by 5 to 20 percent over the year.