Henderson Land Anticipates Billion-Dollar Land Resumption Gain

Henderson Land Development Co (HK:0012) has released an update.

Henderson Land Development Co. expects to gain approximately HK$3.1 billion before taxes in 2024 due to the Hong Kong government’s resumption of around 3.5 million square feet of their land in Hung Shui Kiu and 1.45 million square feet in Fanling North and Kwu Tung North, with total compensation amounting to nearly HK$5.8 billion. Shareholders and potential investors are urged to exercise caution when dealing with the company’s securities. The final profit is subject to audit and all figures are based on government compensation rates.

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