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Archive for the ‘Raymond Kwok’ Category

Sun Hung Kai Properties Ltd.'s Thomas Kwok and Raymond Kwok

Sun Hung Kai Properties Ltd. joint Chairman Thomas Kwok, right, and joint Chairman Raymond Kwok.

 

May 27, 2012           8:18 PM CT

Sun Hung Kai Properties Ltd. (16)’s co- chairmen Raymond and Thomas Kwok today reported to Hong Kong’s anti-corruption body, almost two months since they were arrested as part of a bribery investigation.

The brothers arrived at the offices of the Independent Commission Against Corruption this morning, Cable TV reported. As of May 27, no charges have been laid by the body, also known as ICAC.  Hong Kong’s anti-corruption commission arrested Raymond Kwok and brother Thomas Kwok, the billionaire co-chairmen of Sun Hung Kai, and Rafael Hui, formerly the city’s No.2 official, in March in one of the highest-level investigations conducted in the body’s 38-year history. The probe has increased public concern about real estate policies implemented by the government as property price gains make Hong Kong the world’s most expensive place to own a home.

Sun Hung Kai, Hong Kong’s biggest developer, has fallen 21 percent in Hong Kong trading since the March 29 arrests, compared with a 12 percent drop in the Hang Seng Property Index.

Thomas and Raymond Kwok were arrested in connection with a probe into offenses suspected to have been committed under the Prevention of Bribery Ordinance, the company said March 29. Walter Kwok, their brother and former chairman of the company, was also arrested and later released by the agency, Sun Hung Kai said on May 4.

Margaret Ng, a spokeswoman for Sun Hung Kai, didn’t immediately return a call from Bloomberg seeking comments. Cecily Chik, a spokeswoman for ICAC, declined to comment.

The company said March 19 that Executive Director Thomas Chan Kui-Yuen was arrested by the ICAC.

Brokerages including Citigroup Inc. and Barclays Plc have cut their recommendations on Sun Hung Kai’s stock since the Kwoks’ arrest, while Goldman Sachs Group Inc. suspended its ratings.

from:  http://www.bloomberg.com/news/2012-05-28/sun-hung-kai-s-two-co-chairmen-report-to-icac-on-graft-probe.html

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using the number/letter grid:

 
1      2      3       4       5       6      7      8      9
A      B     C       D       E       F      G      H      I
J      K      L      M      N       O      P      Q      R
S      T      U      V      W      X      Y      Z

Where:

A = 1              J = 1              S = 1

B = 2              K = 2             T = 2

C = 3              L = 3             U = 3

D = 4              M = 4            V = 4

E = 5              N = 5            W = 5

F = 6              O = 6             X = 6

G = 7              P = 7             Y = 7

H = 8              Q = 8             Z = 8

I = 9               R = 9

 

 

Raymond Kwok

9174654 2562            51

 

his path of destiny = 51 = Anything you say or do can and will be used against you in a court of law.

King of Swords Tarot card 

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comprehensive summary and list of predictions for 2012:

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