CK ASSET(01113) 智通财经网·2025-05-23 07:45Core Viewpoint - The investigation by the Hong Kong Independent Commission Against Corruption (ICAC) into the construction practices of Cheung Kong Property Holdings Limited, owned by Li Ka-shing, reveals serious allegations of corruption and substandard construction practices in a residential project in Kwun Tong [1][2] Group 1: Investigation Details - The ICAC launched an operation named "War Drum" to investigate a corruption case involving a residential development project in Kwun Tong, where subcontractors allegedly bribed engineering supervisors for lenient oversight of rebar works [1] - The project, acquired by Cheung Kong Property in May 2020 for HKD 49.5 billion, consists of six buildings providing 2,926 residential units, with at least 1,000 units sold at a 20% discount to eligible Hong Kong residents [1] - The investigation found that all six buildings had significant discrepancies in rebar configurations compared to approved plans, affecting the quantity, spacing, and quality of the rebar used [2] Group 2: Company Response and Actions - Cheung Kong Property expressed high concern regarding the case, supporting the ICAC's actions and is currently in discussions with the Hong Kong Housing Authority regarding follow-up measures [2] - The ICAC arrested 10 individuals on charges of bribery and corruption, but a risk assessment indicated that the overall structural integrity of the buildings is not in danger, prompting the request for remedial measures [2]