Sun Hung Kai Properties Ltd. (00016.HK) matriarch Kwong Siu-hing was so concerned about the influence of an outsider on her son, former chairman Walter Kwok, that she backed a board decision to oust him, the Hong Kong Economic Journal reported Tuesday.
SHKP executive director Mike Wong Chik-wing told the Court of First Instance that Kwong detailed her concerns about the company’s reputation in an email to all of the company’s directors in May 2008 a day after Walter Kwok took legal action to stop board meetings being held while he was on leave.
Testifying Monday in the corruption trial of brothers and SHKP co-chairmen Thomas Kwok Ping-kwong and Raymond Kwok Ping-luen and the city’s former No. 2 Rafael Hui Si-yan, Wong said he was well aware of Walter Kwok’s longstanding affair with Ida Tong Kam-hing, adding that his temper changed dramatically after he was kidnapped in 1997. Wong said Walter Kwok lost trust in people and this damaged the morale of his subordinates.
But Wong said Thomas Kwok was the “peacemaker” among the brothers and that if they could not resolve problems themselves, their mother would act as a mediator and final arbitrator.
However, Wong said he did not know anything about Hui being hired as a company consultant, saying he had never had contact with him except at a few public events.
The trial continues Tuesday.
– Contact us at [email protected]