Walter Kwok, the former chairman of Sun Hung Kai Properties, died on Saturday morning at the age of 68. He had been hospitalized since late August after suffering a stroke while at his home.
Kwok was the oldest of three sons who inherited the fortune of Kwok Tak-seng, a grocery wholesaler from Guangdong province, China, who immigrated to Hong Kong after World War II.
Walter, also known by his Chinese name Ping-sheung, was kidnapped in 1997 by a Hong Kong gang leader nicknamed “Big Spender,” who also held Hong Kong billionaire Li Ka-shing’s son Victor Li for ransom.
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