Hong Kong developer SHKP’s executive director resigns on health grounds
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Sun Hung Kai Properties (SHKP) announced the resignation of executive director Maureen Fung Sau-yim due to health issues, effective immediately. The company confirmed there was no disagreement with the board and no matters requiring attention related to her resignation. Fung's departure follows reports of her suspension linked to an alleged corruption case. SHKP is investigating these matters and has appointed personnel to take over her duties. Fung, who joined SHKP in 1991, was responsible for key shopping mall developments and earned a significant salary. SHKP shares rose 2.3% prior to the announcement.
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