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Hong Kong Property Tycoons Settle Family Feud

A longstanding feud involving the family behind one of the world’s biggest property empires seems to have come to an end, with a deal dividing equally the family-owned shares in Sun Hung Kai Properties Ltd. to the three Kwok brothers and their families.

“The members of the Kwok family are pleased to announce that they have reached an amicable agreement regarding the treatment of the family’s interests,” Sun Hung Kai said in a statement Tuesday.

The agreement in essence restores eldest brother Walter Kwok as a beneficiary of the family trust that controls the property company, which commands a market capitalization of 260 billion Hong Kong dollars (US$33.5 billion).

Find out more on http://blogs.wsj.com/moneybeat/2014/01/28/hong-kong-property-tycoons-settle-family-feud/