FKP 0.98% $2.03 fkp property group

Let me explain my article further. Sun Hung Kai is a major...

  1. 208 Posts.
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    Let me explain my article further. Sun Hung Kai is a major property developer in Hong Kong.
    http://en.wikipedia.org/wiki/Sun_Hung_Kai_Properties
    Recently the company is in trouble with its chairman and family brothers involved in bribery accusations. It will not be a surprised that they wish to divest some of their wealth in a safer place, such as Australia.
    SHK is also a market manipulator, quote The company was accused of the practice of "internal sales" of uncompleted units, the absence of sale price-lists, and also for hyping sales for flats in its The Arch development in West Kowloon by announcing inflated prices (per square metre) achieved. A buyer apparently paid HK$168 million, or HK$31,300 per square foot, for a 5,360-square-foot (498 m2) penthouse. Sweeteners were allegedly given (discounts given to the same purchaser on other units bought), but were excluded from the calculation. This allowed SHK to raise prices of the next batch of 500 units by 5–10 percent. But SHKP has denied the allegations."" unquote.
    Mates, do the judgement yourself.
 
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