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HKSE - Delayed Quote HKD

CK ASSET (1113.HK)

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35.350

-0.050

(-0.14%)

As of 1:07:18 PM GMT+8. Market Open.

Hong Kong's CK Asset, others indicate interest in properties linked to Vietnam bank fraud

Hong Kong developer CK Asset Holdings and some other foreign investors have expressed interest in properties worth billions of dollars linked to Vietnam's biggest financial fraud, letters written to a court showed. Prosecutors in the Communist-ruled country have accused real estate tycoon Truong My Lan of being the architect of a scheme of loans to shell companies that siphoned off 304 trillion dong (about $12 billion) from one of the country's largest private banks by assets, Saigon Joint Stock Commercial Bank (SCB), which Lan effectively controlled through proxies. SCB was bailed out by the central bank in late 2022 after a run on deposits spurred by Lan's arrest, and since then Vietnamese authorities have sought foreign investors' interest in the lender.

Reuters 10 months ago

CHKGF
CK Group's Li says Hong Kong needs to safeguard financial hub status

The Hong Kong government needs to protect the city's international financial hub status after years of upheaval, chairman of conglomerate CK Group Victor Li said on Thursday. Li was speaking after his property company CK Asset, one of Hong Kong's biggest developers, reported a 10% decline in net profit from continuing operations last year. Asked about his views on the city's economy at an earnings conference, Li said - after a sigh - that the people of Hong Kong had gone through several stress tests since 2019, when the city was roiled by anti-government protests, followed by the pandemic and now a struggling economy.

Reuters 11 months ago

CHKGF

Performance Overview

Return	1113.HK	HANG SENG INDEX
YTD	+11.51%	+17.27%
1-Year	+2.70%	+41.81%
3-Year	-20.01%	+14.45%

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CK ASSET (1113.HK)

Hong Kong's CK Asset, others indicate interest in properties linked to Vietnam bank fraud

CK Group's Li says Hong Kong needs to safeguard financial hub status

Performance Overview