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He Yicheng came to Hong Kong in the 1980s to complete the liquidation of his wife's family cosmetics company two months ago.

2019-12-20T09:44:01.752Z


Macao Chief Executive He Yicheng officially took office. In fact, the new Macao Chief Executive has deep roots in Hong Kong. He arrived in Hong Kong with his wife Zheng Suzhen more than 20 years ago and has also bought properties on several occasions. Mid-levels, another village, and Central have his footprints. As of this year's Hong Kong registration record, He and his wife both hold Hong Kong identity cards. He currently owns a luxury mansion in Ai Du Building, Central, with a market value of 100 million yuan.


01 Investigation

Written by: Bo Li

2019-12-20 17:32

Last updated: 2019-12-20 17:32

Macao Chief Executive He Yicheng officially took office. In fact, the new Macao Chief Executive has deep roots in Hong Kong. He arrived in Hong Kong with his wife Zheng Suzhen more than 20 years ago and has also bought properties on several occasions. Mid-levels, another village, and Central have his footprints.

As of this year's Hong Kong registration record, He and his wife both hold Hong Kong identity cards. He currently owns a luxury mansion in Ai Du Building, Central, with a market value of 100 million yuan.

He Yicheng established a company with his wife in Hong Kong as early as the 1990s. At that time, he used "He Yicheng" in his registration documents. (Hong Kong Registration Document)

He Yicheng's declaration of interest in Macau mentioned that Hong Kong holds a property for residential purposes. According to the Hong Kong Land Registration Records, He Yicheng and his wife purchased a high-rise unit with parking space in Central Aidu Building for 23 million yuan in the name of the company in 2002. The latest bank valuation of the unit has appreciated to 100 million yuan.

He Yicheng and his wife Zheng Suzhen. (Online picture)

The reporter's search of Hong Kong's registration revealed that He Yicheng had bought a unit in Jiulongtang Youyi Village for HK $ 1.33 million in 1988, and sold it for 7.8 million yuan before the collapse of the property market in 1997, with a book profit of over 6 million yuan.

In 1997, He Yicheng and his wife purchased a group of Weihao Court, 35 McDonald's Road, Mid-Levels, through the company for 12.18 million yuan, held for ten years, and sold for 14.18 million yuan in 2007 with a book profit of 2 million yuan.

He's wife, Zheng Suzhen, is more familiar to Hong Kong people. She has partnered with her family and represented the Korean makeup brand MISSHA in Hong Kong. The company involved is Mesa (Hong Kong) Co., Ltd., which closed in 2015. The reporter found that two months ago, the High Court accepted the liquidator's application and formally ordered the company to complete the liquidation.

He Yicheng responded to the media in 2015, claiming that Zheng Suzhen had given away all the shares of the company to his younger brother before closing the business, and no longer assumed any debts and legal liabilities of the company.

He Yicheng currently owns a unit of Central Love Capital Building through the company with a market value of 100 million yuan. (Profile picture)

The Hong Kong court ordered Mesa (Hong Kong) Limited to complete its liquidation two months ago. (Hong Kong Registration Document)

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Source: hk1

All news articles on 2019-12-20

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