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Hong Kong's Failed Land Tenders Spike to Record High

Hong Kong's Failed Land Tenders Spike to Record High
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HK Billionaire Cheng Family's Succession Under Spotlight

(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

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Henderson Land Gets $7.7 Billion Helping Hand In Drive To Become New 'King Of Central'

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

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