Macau Foundation (FM) President Wu Zhiliang said yesterday that local businessman Liu Chak Wan, who is a member of the foundation’s council of trustees, did not make a profit from a deal in which Liu sold a palatial mansion – “Palacio Sommer” – in Lisbon to the foundation.
The mansion, built in the early 20th century, was named after a wealthy Portuguese family of German descent, surnamed Sommer (“summer”).
Wu made the remarks while speaking to reporters yesterday on the sidelines of a ceremony to kick off the Sands China International Strategic Leadership Programme for Integrated Resorts, at Sands Cotai Central.
Macau Foundation (FM) President Wu Zhiliang speaks to reporters at Sands Cotai Central yesterday. Photo: Tony Wong
