Days after Hong Kong’s first major protest against its stalled extradition law, a property firm decided to take a £2.5m hit and abandon an option to develop a slice of prime city land, blaming “social contradiction and economic instability”. The decision by Goldin Financial Holdings was made after one of its directors, a pro-Beijing lawmaker called Abraham Shek Lai-him, called an urgent meeting to discuss whether to go ahead with the project on part of the old city airport. Shek had played a key role dragging the extradition law through parliament. He insisted after the vote that Goldin had a positive view of the extradition bill.
