Hong Kong Sheng Kung Hui
In a ruling on 27 January 2010, the Court of First Instance upheld a Board of Review decision that Hong Kong Sheng Kung Hui was liable for profit tax amounted for HK$180 million on Deerhill Bay project. This project was launched under a joint venture set up by both Hong Kong Sheng Kung Hui and Cheung Kong Holdings in 1993. In return, the church could receive 129 apartments and 94 parking spaces from the developer according to their agreement.