Hong Kong Developers

CK Hutchinson ($0001.HK) who lost in the auction announced they were redeveloping an existing 23 storey office next door to build CK Centre II, an office building 8 meters taller than the Henderson and positioned to perfectly block its prime harbour view. The building is finished, but a pitiful 10% of GFA has been leased. Again, shockingly petty behaviour that incinerated billions in shareholder value.