Walter Kwok Ping-sheung, former chairman of Sun Hung Kai Properties (00016.HK), remains in the hospital for further medical examination after he fell unconscious at his home in Deep Water Bay.
Kwok was rushed to the intensive care unit of Ruttonjee Hospital for emergency treatment on Monday night and was transferred to Hong Kong Adventist Hospital in Happy Valley on Tuesday morning.
Kwok is the eldest of the Kwok brothers who took control of one of Hong Kong’s largest property developers in 1990 when their father Kwok Tak-seng, co-founder of the property giant, passed away.
Kwok reportedly suffered a heart attack, while healthcare workers suspected he might have had a stroke, the Hong Kong Economic Journal reports.
Declining to provide an update on his condition, a family spokesman only said a team of doctors has been evaluating his condition.
Professor Thomas Leung Wai-hong from the Chinese University of Hong Kong, who specializes in stroke caused by heart problems, told reporters after a visit to the hospital that Kwok was in stable condition.
Sources said Kwok traveled to Europe with his wife and children last week to celebrate his wife’s birthday, but he returned to Hong Kong on his own several days ago, earlier than planned.
Kwok’s family, including his brother Raymond Kwok Ping-luen, the incumbent chairman and managing director of Sun Hung Kai Properties, and his nephew Adam Kwok Kai-fai, visited him at Adventist Hospital on Tuesday morning.
Asked about how his older brother was doing when he came for a second visit on Tuesday evening, Raymond Kwok said the family was still waiting for the doctors’ announcement.
Walter Kwok quit as chairman and chief executive of SHKP in 2008, amid rumors that his mother was very unhappy about his close female friend allegedly trying to interfere with Sun Hung Kai’s affairs.
In 1997, Walter Kwok was kidnapped by a notorious criminal, Cheung Tsz-keung. He was set free later after his family paid HK$600 million in ransom.
The incident caused him to suffer from depression for a year.
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