Hong Kong — Walter Kwok, the former chairman of Hong Kong real-estate developer Sun Hung Kai Properties, died Saturday morning at the age of 68, according to a statement from his family. “We are saddened to announce the passing of Walter Kwok, who left this world peacefully on the morning of October 20, with his loving family by his bedside,” the statement said. The family did not disclose details of his death. Kwok suffered a heart attack on August 27 and had been transferred to Hong Kong’s Adventist Hospital, according to local media reports. 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 2. Kwok Tak-seng joined Fung King-hey and Lee Shau Kee to found Sun Hung Kai Properties in 1963. The company sold shares in an initial public offering in Hong Kong in August 1972 and became one of the world’s largest real-estate developers by market value. Sun Hung Kai’s...
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