• June 3, 2023

Motorola Razr 40 Battles Samsung With Aggressive New Deals

Motorola isn’t playing games. The company has launched its two new foldable flip phones – the Razr 40 and 40 Ultra (also called the Razr +) – at aggressive price points, …

New MacBook Air Leak Reveals Apple’s Disappointing Decision

Apple has its new Mac hardware ready to launch at next week’s Worldwide Developer Conference. The M2 Max and M2 Ultra Apple Silicon chipsets build on the one-year-old M2 chipset, offering …

Apple Reality Pro VR Headset: New Leak Reveals Unprecedented Detail

Okay, brace yourself. The first all-new product category from Apple since the unveiling of Apple Watch in late 2014 is about to be revealed it seems. It’s a new mixed-reality headset …

Kerry Properties—controlled by Malaysia’s richest person Robert Kuok—has agreed to sell two of its warehouses in Hong Kong to China Resources Logistics, a unit of state-owned China Resources Group, for HK$4.62 billion ($588 million), according to a filing to the Hong Kong stock exchange on Monday.

Kerry Properties said in the filing that it plans to sell its Chai Wan warehouse for HK$2.29 billion and its Sha Tin warehouse for HK$2.33 billion. The deal is expected to be completed by the end of June. Kerry Properties plans to use the funds from the sale to strengthen its balance sheet and operations.


Kerry Properties acquired the two warehouses from Kerry Logistics Network (KLN) for HK$3.6 billion three years ago based on the redevelopment potential of the buildings. Kerry Properties and KLN are both controlled by the Kuok Group.

Kerry Properties is run by Robert Kuok’s youngest son, Kuok Khoon Hua, who is currently holding the positions of CEO and chairman. The patriarch founded the Kuok Group as a commodities trader in Malaysia in 1949. Today, his business empire includes interests in hotels, real estate, shipping and commodities. The elder Kuok has a net worth of $11 billion, according to the World’s Real-Time Billionaires list.


Leave a Reply

Your email address will not be published.