HONG KONG: Trading in the shares of Hong Kong-based developer Chinese Estates was suspended after the Macau government issued a statement warning it could seize back five plots of land where the company is building a multitower project.
A former senior official in Macau, Asia's gambling capital, was convicted of six fresh charges of corruption and three more counts of money laundering on May 31, and had his sentence extended by six months to 29 years by the Macau Court of Final Appeal, the court said in its ruling.
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