Hong-Kong listed real estate company Sun Hung Kai Properties’ shares jumped as much as 3.3% following the end of a corruption trial involving its co-chairmen.
Thomas Kwok resigned as co-chairman after a guilty verdict was delivered against him. His brother, Raymond Kwok, was acquitted of all four counts lodged against him.
Alfred Lau, an analyst with Bocom International Holdings, noted that business had progressed as normal, with “buoyant property sales and major landbanking in the past 18 months.”
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