How Severe Are The Woes Of Gordon Wu?

The developer is scrambling to shore up his shaky empire

Sir Gordon Wu was at his combative best. At a July 21 American Chamber of Commerce luncheon of prawn curry and saffron almond rice, the billionaire first blasted labor laws passed by Hong Kong's legislature before the July 1 handover to China. He then turned his fire on Thailand, where he had just met with Transport Minister Suwat Liptapanlop to renegotiate a $3.7 billion highway and commuter-rail project owned by his Hopewell Holdings Ltd. "I told the minister you have to sort this out," said Sir Gordon, recently knighted by Prince Charles. "You deliver all the land, you agree on the fare structure, and we'll sign the deal. And not a damn day before."

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