The family of late “Shop King” Tang Shing-bor is raising HK$2.4 billion (US$310 million) by selling a hotel at a 28 per cent discount and disposing of a majority stake in an East Kowloon industrial ...
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Rise and fall of Hong Kong’s 'shop kings': how plunging rents, debt crushed their empires
Shop prices in the city have fallen more than 40 per cent from their 2018 peak, but they may not have hit rock bottom yet They were the "shop kings" of Hong Kong, owning dozens of properties in the ...
HONG KONG — When Jacky Yu, 48, opened his Japanese gift shop in Hong Kong more than a decade ago, the tourist and shopping district of Mong Kok was a bustling hub packed with stalls, street food and ...
DBS Group Holdings Ltd. clinched a deal to rent retail space in Central’s New World Tower for 18% less than the asking price, according to a person familiar with the matter. The Singapore-based bank ...
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