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Huo family dispute case | Huo Zhenhuan is expected to receive nearly 100 million in the transfer of the Pule Road mansion on the top of the mountain to Huo Lina and others

2022-05-19T06:15:02.033Z


The late National Committee of the Chinese People's Political Consultative Conference Vice Chairman Huo Yingdong's property dispute case started early this year. The plaintiff's third son, Huo Zhenyu, and his two sisters, reached a settlement agreement with other members of the Changfang in February, and the dispute over property came to an end. "Hong Kong 01" found that,


The late National Committee of the Chinese People's Political Consultative Conference Vice Chairman Huo Yingdong's property dispute case started early this year. The plaintiff's third son, Huo Zhenyu, and his two sisters, reached a settlement agreement with other members of the Changfang in February, and the dispute over property came to an end.


"Hong Kong 01" found that the mansion on Pule Road on the top of the mountain originally held by the Huo family company was transferred to Huo Zhenyu and his sister Huo Lina for more than 370 million yuan in early May.

Based on the transaction price of this transfer of the mansion, it is expected that Huo Zhenhuan and Huo Zhenting, who both belong to the long house, can receive nearly 100 million yuan.


The mansion at No. 2 Pule Road on the top of the mountain, originally owned by the family company Huo Xingyetang, was transferred to Huo Lina and Huo Zhenyu of Changfang for more than 370 million yuan earlier this month.

(Google Maps)

Fok Yingdong died of lymphoma in 2006, leaving behind tens of billions of inheritance.

Earlier this year, there was a dispute over property, and a settlement was later reached, but the details of the settlement have not been made public.

However, the latest registration information today (19th) shows that the asset distribution after the reconciliation may be officially launched.

The mansion at No. 2 Pule Road on the Peak, originally owned by the family company Huo Xingyetang, was transferred to the eldest daughter, Huo Lina, and the third son, Huo Zhenyu, for 373.75 million yuan earlier this month.

In other words, Huo Zhenhuan and Huo Zhenting, who both belong to the long house, have already transferred the ownership of the mansion.

Huo Zhenhuan, the second son of the eldest house, holds more than 26% of the shares of Huo Xingyetang, and it is expected that he can get nearly 100 million yuan from the transfer transaction of the mansion.

(File photo/Photo by Liang Pengwei)

No. 2 Pule Road is Fook Tang Co., Ltd. held by Fok Ying Tung. It was purchased from the US government in 1960. It is said that the third house family lived for many years and later transferred to Fok Xing Ye Tang.

According to the latest information, Huo Xingyetang officially sold No. 2 Pule Road to Huo Lina and Huo Zhenyu on May 6. The two held 67% and 33% of the ownership respectively, and paid a stamp duty of 15.884 million yuan at the first home tax rate. .

The original owner, Huo Xingyetang, is held by a number of family members and family companies such as the Huo Fund. Huo Zhenhuan and Huo Zhenting hold more than 26% and 22% of the shares respectively.

Based on the transaction price of 373.75 million yuan, the two can obtain more than 97 million yuan and more than 82 million yuan respectively from this transaction.

In addition, the new owners Huo Lina and Huo Zhenyu hold more than 11% and 26% of Huo Xingyetang, respectively.

Huo Lina, the eldest daughter of the Huo family, filed a lawsuit with her younger siblings earlier, asking another family company to repurchase the equity involved in the Nansha development project.

(File photo/Photo by Ye Zhiming 1)

Huo's family daughter had a dispute earlier over the repurchase of the family company's shares. The eldest son, Huo Zhenyu, the eldest daughter Huo Lina, and the second daughter, Huo Liping, filed a lawsuit against the eldest son, Huo Zhenting, the second son, Huo Zhenhuan, and the family including Huo Xingyetang Real Estate Co., Ltd. The company requested another family company, Yourong Co., Ltd., to repurchase the equity involved in the equity of the Nansha development project.

Huo Zhenyu, the third son of Huo's family, now holds 33% of the ownership of No. 2 Pule Road.

(File photo/Photo by Zheng Zifeng)

Huo's family brothers and sisters reached a settlement in February, and the lawsuit over property disputes came to an end.

Some media quoted news earlier that the Fok Family House had signed a settlement agreement after the Chinese New Year, and the children agreed to keep the "Stone Manor" (Stone Manor) on Sassoon Road, Pok Fu Lam, Pedder Street, Central, and No. 2 Poole Road, Peak Road. The family members of the Huo family holding the three properties need to pay cash to other members in order to gain control of these properties.

According to reports, the members of the long house recalculated the present value of the deceased father's estate, which is estimated to be nearly HK$30 billion.

Huo Family Property Dispute Case | Entering the Year of the Tiger and Reaching a Great Reconciliation Judge agrees to withdraw the lawsuit Huo Family Property Dispute Case Chief Fang Fangzun over Nansha Project dispute court accuses Fok Yingdong's estate of 11.3 billion Huo Yingdong's second-generation property dispute case, the presiding judge opens today The five star-studded rivalry

Source: hk1

All news articles on 2022-05-19

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