Lau and Steven Lo, chairman of the South China Football Club, were the two Hong Kong billionaires named in the third trial of Macau’s former secretary for transport and public works, the report said. Ao Man-long, who was sentenced to 28 years in 2009, faces six corruption and three money laundering charges in the latest trial, the newspaper said.

The newspaper didn’t specify any allegations or charges against Lau and Lo.

Chinese Estates spokeswoman Alison Yeung declined to comment and said the company will issue a statement later.

The shares fell 1.3 percent to HK$10.80 at the close yesterday, before they were suspended today.

Both Lau and Lo are members of the 1,193-strong Election Committee that voted for Hong Kong’s next chief executive last month, the South China Morning Post reported today.

To contact Bloomberg News staff for this story: Bonnie Cao in Shanghai at bcao4@bloomberg.net

To contact the editor responsible for this story: Andreea Papuc at apapuc1@bloomberg.net

http://www.bloomberg.com/news/2012-04-17/chinese-estates-stock-suspended-as-macau-trial-report-names-lau.html

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