The tycoons' case will be weakened by the surprise arrest on March 29th, for alleged graft, of two major property developers, reported to be Raymond and Thomas Kwok of Sun Hung Kai Properties, as well as a former high government official, reported to be Rafael Hui.

ECONOMIST: Hong Kong��s next leader

Founded in 1963 by the company's late patriarch, Sun Hung Kai developed into one of Hong Kong's most successful businesses, and when the elder Kwok died in 1990, he left the reins of Sun Hung Kai to his three sons, with the eldest, Walter Kwok, at the helm.

WSJ: Sun Hung Kai's Raymond Kwok Denies Wrongdoing

On Friday, Sun Hung Kai said it has appointed Adam Kwok, 29, the son of Thomas Kwok, and Edward Kwok, 31, the son of Raymond Kwok, as alternate directors.

WSJ: Hong Kong Tycoons Charged With Bribery

Sun Hung Kai Properties, which is controlled by the Kwok family, employed an unknown bidder who waited until the 90-minute auction was almost finished before entering the fray.

FORBES: Kwoks Nab Prime Site For $1.4B

Lee remains a significant shareholder in Sun Hung Kai and acts as a mentor to the Kwok sons, who call him "uncle" and remember how he helped their father.

CNN: Change Is in the Air

Often, the breadth of Sun Hung Kai's business translates into valuable contacts in China, which may help when Kwok decides to take the e-initiatives north.

CNN: Change Is in the Air