News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
CK ASSET Highly Concerned About Subcontractors at Anderson Road Housing Project Accused of Bribery Scheme; 10 Arrested by ICAC
A private residential project under construction on Anderson Road in Kwun Tong has been exposed that substandard steel reinforcement work has been overlooked.The site's rebar s...
Reset
Send
The window will close in 5 seconds
CK ASSET Highly Concerned About Subcontractors at Anderson Road Housing Project Accused of Bribery Scheme; 10 Arrested by ICAC
Close
Recommend
6
Positive
6
Negative
4
 
SHORT SELL
 
STOCK INFO

A private residential project under construction on Anderson Road in Kwun Tong has been exposed that substandard steel reinforcement work has been overlooked.

The site's rebar subcontractors allegedly failed to follow the blueprints in order to save costs, and offered red packets, mooncake vouchers, nightclub entertainment, and other perks to employees of the main contractor and on-site supervisors from the consulting firm in exchange for lax supervision of the rebar works. The ICAC arrested 10 men last week.

Related NewsG Sachs Lifts 2026-27 HK Property Price Forecasts, Keeps Rating Buy on SHK PPT/ CK ASSET
CK ASSET (01113.HK)  +0.050 (+0.154%)    Short selling $71.07M; Ratio 30.490%   confirmed that the project in question is one of its developments, and emphasized that it is highly concerned about the subcontractors' suspected bribery of consulting firm staff.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-22 16:25.)

AAStocks Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.