Zhou Zhuohua (Xi Mihua), the founder of Suncity Group (1383), was arrested in Macau last Saturday (27th) for illegal gambling operations.
"Hong Kong 01" found that on the day of his arrest, he used the company's second mortgage of the high-rise building of the Cullinan Tower in Kowloon Station with a market value of about 55 million yuan to mortgage it to Melco Crown (0200), a subsidiary of Melco International Development (0200). Macau) debt repayment.
In addition, Zhou Zhuohua's "lover" Mandy Lieu mortgaged his "Love Nest" with a market value of 120 million yuan in front of Mid-Levels West at the beginning of last month. He has already mortgaged his related luxury mansion to Melco Crown (Macau) twice in a month.
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▼On November 27, Macao police arrested 11 people including Zhou Zhuohua▼
Zhou Zhuohua owns a half-owned Cullinan high-rise unit with "Solar Century Development", with a saleable area of 1,401 square feet. The latest valuation of major banks is 55.47 million yuan.
"Solar Century Development" purchased the unit for 54.5 million yuan in July 2012, and immediately mortgaged it to Hang Seng Bank, and signed a rent transfer letter with Hang Seng, which transferred the rental rights of the unit to the bank to increase the bank's mortgage .
On the day Zhou Zhuohua was arrested, "Solar Century Development" mortgaged the high-level unit of Cullinan with a market value of about 60 million yuan to Melco Crown (Macau) to repay the debt.
(Information Picture/Photographed by Cai Zhengbang)
Second, repay the debt to the Melco subsidiary based on the property with a market value of approximately 60 million yuan
On the day Zhou Zhuohua was arrested, "Sun Century Development" second mortgaged the Cullinan high-rise unit with a current market value of about 60 million yuan, and mortgaged the property to guarantee all loans to Melco's subsidiary and Melco Crown (Macau).
According to the HKMA standard mortgage terms adopted by banks in Hong Kong, the approval of the first mortgage bank must be obtained before the second mortgage of the property.
In addition to Zhou Zhuohua, his business partner, Sun International (8029) Chairman Zheng Dinggang also serves as a director of "Sun Century Development", and each holds half of the company's shares.
At the end of August, Zhou Zhuohua sold a 62.82% stake in Sun International to Zheng Dinggang for an investment of 143 million yuan.
As early as November 4th, Zhou Zhuohua's "lover" Mandy Lieu had pledged the high-rise unit of the Mid-Levels West luxury mansion with a market value of 120 million yuan to Melco Crown (Macau).
Mortgage related luxury homes to Melco Crown (Macau) twice within one month
This is not the first time that the luxury house related to Zhou Zhuohua has been mortgaged to Melco Crown (Macau) for debt repayment.
As early as November 4, more than 20 days before Zhou Zhuohua’s arrest, his "lover" Mandy Lieu had mortgaged the high-rise unit of the West Mid-Levels luxury mansion Juran with a market value of 120 million yuan to Melco Crown (Macau). In the past, this unit was regarded by the outside world as the "love nest" of Zhou Zhuohua and Mandy Lieu.
In addition to the Tiandi units, Zhou Zhuohua has mortgaged his related luxury homes to Melco Crown (Macau) twice in a month.
"Hong Kong 01" is inquiring about the debts from Melco International Development.
He Youlong serves as the chairman of Melco International.
(Information Picture / Photo by Zhang Haowei)
▼Wenzhou Public Security Bulletin on November 26▼
The Wenzhou Municipal Public Security Bureau investigated the Ximihua case as early as July last year and stated that Zhang Ningning, the backbone of the cross-border gambling criminal group Hong Kong resident, was arrested for public prosecution, and the arrest was approved last Friday (26th).
▼Hong Kong citizen Zhou Zhenxi arrested in Macau▼
The Macau police arrested Zhou Zhuohua on the 27th, including Zhou Zhenxi, the CEO of Youao Group, the parent company of "The Power News", and a Hong Kong resident Zhou Zhenxi.
"Hong Kong 01" previously reported exclusively that Zhang Ningning, who was prosecuted, was a Hong Kong citizen and was arrested in July last year; another Hong Kong citizen and a high-level executive of the Youao subsidiary, Li Shaocong, was arrested by Wenzhou Public Security in Zhuhai last July.
Zhang Ningning's parents directly admitted that her daughter was arrested in Wenzhou as early as July 2020, and her family had not been able to visit for a year.
(Photo/Photo by Hong Kong 01 reporter)
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