Hong Kong’s anti-corruption agency has charged two more people, including a former warehouse manager, for allegedly defrauding the ParknShop supermarket chain out of more than HK$3.2 million (US$407,642) in wages through fraudulent work records. The Independent Commission Against Corruption (ICAC) announced on Friday that it had levelled a charge of conspiracy to defraud against former…
Hong Kong businesses must consider national interests while pursuing commercial deals, the city’s leader has said, arguing that the two are not mutually exclusive. In an interview with the Post as he marked three years in office, Chief Executive John Lee Ka-chiu stressed the importance of local companies keeping national interests in mind while seeking…
Beijing’s former liaison office chief in Hong Kong, Zheng Yanxiong, has returned to the nation’s capital and is expected to take up a senior role in the country’s top legislative body, the Post has learned. Two sources familiar with the matter said Zheng, who was abruptly removed as director of Beijing’s liaison office in Hong…
CK Asset Holdings, the flagship property developer of Hong Kong billionaire Li Ka-shing’s family, will weather the “doldrums” in the city’s commercial leasing market amid global economic uncertainties, according to chairman Victor Li Tzar-kuoi. “No industry in this world is always well-performing, and demand for Hong Kong’s retail and office properties is indeed slow at…
Beijing’s point man on Hong Kong and Macau affairs has urged business leaders from both cities to defend national interests, a move seen by analysts as a “wake-up call” for firms such as tycoon Li Ka-shing’s CK Hutchison group, currently embroiled in the Panama ports saga, to choose a side. Xia Baolong, director of the…
Hong Kong’s CK Hutchison Holdings has said it would be impossible for the controversial Panama ports sale to proceed under any illegal or non-compliant circumstances after mainland China’s market regulator asked the parties involved not to circumvent an ongoing antitrust probe into the deal last month. Monday’s statement, the first directly issued by Li Ka-shing’s…
Hong Kong’s CK Hutchison Holdings has said it would be impossible for the controversial Panama ports sale to proceed under any illegal or non-compliant circumstances after mainland China’s market regulator asked the parties involved not to circumvent an ongoing antitrust probe into the deal last month. Monday’s statement, the first directly issued by Li Ka-shing’s…
(Reuters) -Hong Kong’s CK Hutchison said on Monday that its closely monitored ports deal would strictly adhere to all required compliance standards and would never be executed illegally. “This transaction would never be carried out under any illegal or non-compliant circumstances,” the company said in a statement. The Hong Kong-based conglomerate, controlled by tycoon Li…
Hong Kong tycoon Li Ka-shing had made a rare public appearance, attending a concert at Kai Tak Stadium but declining to answer questions on his company’s controversial Panama Canal port deal. Li, 96, was sitting in a bike-like wheelchair, smiling and saying “thank you” to people waiting when he exited a lift at the stadium…
Hong Kong tycoon Li Ka-shing had made a rare public appearance, attending a concert at Kai Tak Stadium but declining to answer questions on his company’s controversial Panama Canal port deal. Li, 96, was sitting in a bike-like wheelchair, smiling and saying “thank you” to people waiting when he exited a lift at the stadium…