Sun Hung Kai Properties is currently under investigation by the Independent Commission Against Corruption (ICAC). The probe centers around allegations of bribery and corruption involving senior executives.

Several key figures within the company have been arrested, including joint chairmen Thomas and Raymond Kwok. The arrests have sent shockwaves through Hong Kong’s business community and raised concerns about corporate governance.

The ICAC has not released specific details of the allegations, but reports suggest the investigation involves suspected bribery of government officials to gain favorable treatment in land deals. The case is considered one of the most high-profile corruption investigations in Hong Kong’s history.

Shares in Sun Hung Kai Properties have been suspended from trading on the Hong Kong Stock Exchange following the arrests. The company’s future leadership and strategic direction are now uncertain.

The investigation is ongoing, and further developments are expected in the coming weeks.