Hong Kong's Failed Land Tenders Spike to Record High bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) For years, Adrian Cheng had all the trappings of a third-generation scion preparing to lead one of Hong Kong’s wealthiest clans into a new era. He infused his property projects with art, burnished Tsim Sha Tsui’s waterfront as a cultural district and invested in digital tokens. Most Read from BloombergCharlie Munger, Who Helped Buffett Build Berkshire, Dies at 99Musk’s Cybertruck Is Already a Production Nightmare for TeslaHamas Releases 12 Hostages Despite Claims of Truce Violatio
Key Takeaways: Hong Kong’s Henderson Land has received $7.7 billion in loans from majority shareholder Lee Shau-kee with no collateral requirement or fixed repayment period The Hong Kong developer had net liabilities of HK$77.9 billion at the end of June and a net liability ratio of just 24% By Lau Chi Hang