Justice chief's spouse sells stake in US business in wake of US sanctionsOtto Poon Lok-to, left, the spouse of Secretary for Justice, Teresa Cheng Yeuk-wah. His company Analogue said the US subsidiary sold a 2 percent stake in New York-based Transel Elevator & Electric. Building services provider Analogue (1977), controled by the Secretary for Justice, Teresa Cheng Yeuk-wah's husband Otto Poon Lok-to, said its US subsidiary sold a 2 percent stake in New York-based vertical transportation service provider Transel Elevator & Electric for US$1.4 million (HK$10.92 million) due to Sino-US tensions. This came after The US on Friday sanctioned 11 officials, including Teresa Cheng, over their role in imposing the security law.

Source: The Standard August 11, 2020 07:30 UTC