What John Key's up to: Chow venture in solid shape

'We need the market to recover where we can get back to pumping out bigger volume' - John Key. (Image: Getty)

Mon, 22 May 2023

The Chow brothers’ property empire is in “better shape than many” to ride out the downturn and survive what for many developers are crippling finance costs, according to John Key.The former prime minister and his son, Max, entered into a development co-venture with the Chows in February 2022, under their MTK Capital entity. The Hong Kong-born brothers and wider family own volume home builder Stonewood, having amassed their early fortune running Wellington takeaway, strip club and massage parlour operations.The target was...

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