#FarEastConsortium
#DirtyMoney: #iCable owner Chiu Tat-cheong earns profit in UK property project at the expense of press freedom in Hong Kong
Source: Liber Research Community #Dec2
Read more
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https://t.me/guardiansofhongkong/27066
#DirtyMoney: #iCable owner Chiu Tat-cheong earns profit in UK property project at the expense of press freedom in Hong Kong
Source: Liber Research Community #Dec2
Read more
⬇️⬇️⬇️
https://t.me/guardiansofhongkong/27066
#FarEastConsortium
#DirtyMoney: #iCable owner Chiu Tat-cheong earns profit in UK property project at the expense of press freedom in Hong Kong
On December 1, 2020, paid TV station i-Cable chairman Chiu Tat-cheong announced the layoff or re-deployment of a total of 100 staffs, while remaining silent on the selective layoff of all team members of "News Lancet", the only investigative program in Hong Kong.
The sackings were described by the Hong Kong Journalists Association as media suppression.
As the chairman of Far East Consortium at the same time, Chiu has widened his property search to the UK. Chiu admitted earlier that the National Security Law in Hong Kong helps to push the number of Hong Kong buyers up for its property projects in the UK. He showed support for the draconian law and claimed that their UK properties will be snapped up if all three million Hong Kong BNO holders are to settle in the UK.
21,300 (about 83%) out of the 56,600 residential units launched by Hong Kong or Chinese property developers in the UK since 2019 are owned by Far East Consortium, including New Cross Central, Aspen at Consort Place, and other 4 projects. One of the projects Northern Gateway plans for a long-term construction in the future 15-20 years on the 155-hectare land in cooperation with the Manchester City Council.
Another shareholder of i-Cable Li Sze-lim owns 3,900 residential units under his real estate developer R&F Properties, including One Nine Elms, Vauxhall Square, and other 2 investment projects. Li also owns more than half of the units launched by the Chinese developers, such as Vanke and Country Garden.
A total of 25,200 units are launched by Far East Consortium and R&F Properties, which is a hundreds of millions-worth business. Most of the projects started several years before, and come to finish in 2020, which coincides with the mass immigration wave of Hongkongers following the imposition of the National Security Law in Hong Kong.
With the businessmen's tougher suppression of press freedom in Hong Kong, it is not hard to imagine that a mass exodus will result in hot demand for UK properties.
Source: Liber Research Community #Dec2
https://m.facebook.com/story.php?story_fbid=3627752037320843&id=244689185627162
#iCable #NewsLancet #PressFreedom #NationalSecurityLaw #Migration #UK #Property #ChiuTatCheong #LiSzeLim
#DirtyMoney: #iCable owner Chiu Tat-cheong earns profit in UK property project at the expense of press freedom in Hong Kong
On December 1, 2020, paid TV station i-Cable chairman Chiu Tat-cheong announced the layoff or re-deployment of a total of 100 staffs, while remaining silent on the selective layoff of all team members of "News Lancet", the only investigative program in Hong Kong.
The sackings were described by the Hong Kong Journalists Association as media suppression.
As the chairman of Far East Consortium at the same time, Chiu has widened his property search to the UK. Chiu admitted earlier that the National Security Law in Hong Kong helps to push the number of Hong Kong buyers up for its property projects in the UK. He showed support for the draconian law and claimed that their UK properties will be snapped up if all three million Hong Kong BNO holders are to settle in the UK.
21,300 (about 83%) out of the 56,600 residential units launched by Hong Kong or Chinese property developers in the UK since 2019 are owned by Far East Consortium, including New Cross Central, Aspen at Consort Place, and other 4 projects. One of the projects Northern Gateway plans for a long-term construction in the future 15-20 years on the 155-hectare land in cooperation with the Manchester City Council.
Another shareholder of i-Cable Li Sze-lim owns 3,900 residential units under his real estate developer R&F Properties, including One Nine Elms, Vauxhall Square, and other 2 investment projects. Li also owns more than half of the units launched by the Chinese developers, such as Vanke and Country Garden.
A total of 25,200 units are launched by Far East Consortium and R&F Properties, which is a hundreds of millions-worth business. Most of the projects started several years before, and come to finish in 2020, which coincides with the mass immigration wave of Hongkongers following the imposition of the National Security Law in Hong Kong.
With the businessmen's tougher suppression of press freedom in Hong Kong, it is not hard to imagine that a mass exodus will result in hot demand for UK properties.
Source: Liber Research Community #Dec2
https://m.facebook.com/story.php?story_fbid=3627752037320843&id=244689185627162
#iCable #NewsLancet #PressFreedom #NationalSecurityLaw #Migration #UK #Property #ChiuTatCheong #LiSzeLim