Cheung Kong Property Profit Jumps 51% as China Sales Surge

  • Hong Kong sales fall 16% as mainland sales more than double
  • Cheung Kong keeps 2016 Hong Kong sales target of 3,000 homes

Billionaire Li's Empire Strikes Back With Stellar Results

Cheung Kong Property Holdings Ltd., the developer controlled by Hong Kong billionaire Li Ka-shing, said first-half underlying profit rose 51 percent as strong mainland sales offset a decline in Hong Kong.

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