Huaren Land (0127) announced its privatization
at a price of
4 yuan
per share
. Although the premium was more than 80% compared to before the suspension, it was a 69.2% discount to the company’s net asset value of approximately 12.99 yuan per share at the end of June this year. become.
In fact, as early as last year, Liu Luanxiong (Liu), the major shareholder, had already allocated the equity of Huazhi "clearly."
On June 11 last year, according to the Hong Kong Stock Exchange (0388) equity disclosure information, Liu Mingwei, chairman and non-executive director of China Land, transferred his 476 million shares or 24.97% of China Land’s equity to Liu Xiuhua, Liu Zhongxue and Liu Xiu. Er and other three younger siblings, the shareholding ratio of the three increased to 74.99%.
Liu Mingwei is the eldest son of Liu Luanxiong, the former chairman of China Land. Liu Xiuhua, Liu Zhongxue and Liu Xiuer are all children of China Land Executive Directors Chen Kaiyun (Gambi) and Liu Luanxiong. This means that once the privatization is successful, the three will grow up to have more than 100 people. The helm of a billion-dollar enterprise.
Based on Huazhi’s net asset value of approximately RMB 12.99 per share, the company’s total asset value has reached 24.7 billion. Even after deducting the tens of billions of losses that may be caused by the sale of Evergrande (3333), the company still has a lot of local and overseas bricks, with a market value of over 100. 100 million yuan!
Detailed report:
Liu Mingwei, chairman of China Land, transferred shares to Gambi’s three children
Of course, "Da Liu" has always been bold, and in the past he has repeatedly donated properties to his wife Gambi.
Looking through the information, Gambi currently holds a number of valuable properties on hand. Among them, The ONE, a shopping mall in Tsim Sha Tsui, is the most valuable, with an area of more than 400,000 square feet.
The mall was originally owned by China Land and was sold to "Da Liu" Liu Luanxiong in 2015 for 5.02 billion yuan, and in 2017, "Da Liu" gave the entire mall to his wife Camby.
Camby also owns a number of luxury properties, including No. 12 Zhaohui Terrace, Mid-Levels East named after the eldest daughter of the two, now known as Josephine Court (Josephine Court).
The project was purchased by China Land in the early years and was resold to Camby in 2016 for 1.05 billion yuan. The redevelopment was completed in 2018. It provides 24 luxury housing units with an area of 1,103 to 1,653 square feet. All the units are rented but not sold. 100,000 yuan per month.
At the same time, she also owns a single house on Gough Hill Road on the Peak, luxury homes at No. 5 Gloucester Road, Jardines Lookout, No. 3 Deep Water Bay Road in the Southern District, as well as the basement of Newport Centre in Tsim Sha Tsui, shops in York Place in Wan Chai, etc., plus bonds and jewellery. As well as collections of famous paintings and antiques, the total value of assets held by a family is really hard to estimate.
Detailed report:
Hong Kong's richest woman, Gambit, has nearly 70 billion assets in her first seizure, "full confidence in Hong Kong's prospects"