Chow HK $300 million holding Hong Kong Gem (figure)

Source: Internet
Author: User
Keywords Stephen Chow Hong Kong Stock exchange Holdings Limited Hong Kong Gem Hong Kong property market
The reality of Stephen Chow, the original is a hidden investment master. "The world is full of gold, and beauty is everywhere." "Kung Fu" in Stephen Chow's classic lines ringing.  In fact, the investment opportunities in the Hong Kong market are looming everywhere. June 18, the Hong Kong gem listing of the Dili international soared 48.15%, closed to HK $0.080, a deal of HK $12.0776 million, far away to win the day fell 1.03% of the Hang Seng index.  The stock price of this obscure company soared, all because of Stephen Chow's light.  Dili International issued an announcement as early as June 4, a company registered in the British Virgin Islands (BVI) and Ling Electric Property Development Limited, at the cost of HK $300 million, were to buy a shopping arcade in Tsim Sha Tsui, Kowloon, Hong Kong, and the total cost of HK $300 million included shares and convertible bills. Interestingly, June 18, Hong Kong has news that the announcement mentioned BVI company Beglobal Investments 2¥q, one of the shareholders behind is Stephen Chow. The news, the stock market interest has increased greatly.  However, Stephen Chow's star company and the company secretary Zheng Jifu, are unwilling to confirm and comment on the market rumors. Week's gem acquisition of the first single the above announcement is vague about the seller's identity in the transaction, but our correspondent has found in the Hong Kong Land Registry that the acquired property--located at the Granville Identity Shopping centre of Granville Road, Jiulong Tsim Sha Tsui,  It was bought by a company called Charming Nightingale 2¥q at the end of 2004, at a cost of HK $210 million. This reporter further inspection of the Hong Kong Companies Registry data found that charming nightingale 2¥q Chinese name as Color Eagle Holdings Limited, was established on November 24, 1989, originally known as Star Wei Limited, October 15, 2003 changed to the name of the present. The company has three directors, namely Stephen Chow (Chiau, SING CHI), Zhou Xingxia (Chiau, SING HA) and Lingbao (LING, BO YEE).  The latter two are Stephen Chow's sister and mother respectively. In January 2005, ALLIANCE Holdings Limited also granted the above properties to the group Wei Investment Limited (investment 2¥q).  According to the proclamation issued by Dili International, the group Granville Investment Co., Ltd. is the buyer of the company Beglobal Investments 2¥q in Hong Kong subsidiary company. Dili International disclosed that it was prepared to purchase through the issuance of new shares and convertible shares, at a total cost of HK $300 million, 147 million Hong Kong dollars for repayment of bank loans, another HK $153 million will be issued through the issuance of HK $75 million new shares and 7The convertible shares of HK $8 million are given to the relevant persons. According to the announcement, new shares and notes traded at HK $0.05, a discount of about 5.66% from the closing price of HK $0.053 the day before the agreement.  If the full exercise, Stephen Chow will hold 24.21% Dili shares, with the Ling Electric Property Development Limited, as the largest shareholder of Dili International, a total of more than 48% of the shares. Capital Alligator In fact, Dili International equity has undergone many changes, Dili international mainly engaged in manufacturing electronic consumer goods, the provision of telecommunications services and property management.  November 12, 2002, Dili International in the Hong Kong Stock Exchange Gem listing, 3 years later the company changed hands and renamed as China Funda, but then again to change hands to Singapore "Sunshine" founder Peng Hua. Starting from March this year, Peng Hua gradually reduce the Dili shares, the cumulative reduction of 269 million shares or 8.3% shares.  If Stephen Chow and Ling Electric property eventually into the Dili International, the original major shareholder Peng Hua holding the largest stake will be diluted to 17.96%, become the third largest shareholder. The purchase of shopping malls properties, Dili International explained that the rental income of the property will provide a stable income for the group, and with the development of the property market in Hong Kong, can also benefit from the appreciation of the property.  However, the deal has yet to be approved by Dili International shareholders and related parties. And for Stephen Chow, the sale of the shopping malls, in addition to the investment in Dili International, book also has a harvest. Granville Identity Mall bought at HK $210 million in the year and now sells at HK $300 million, earning HK $90 million.  The Granville Identity Shopping centre, which had a net profit of HK $28.25 million in 2007, had an after-tax loss of HK $7.81 million last year.  In fact, Stephen Chow's investment performance is not good. The Dili International bulletin also revealed that Chow Chi's Beglobal investments and Ling Electric Property Development Co., Ltd., in addition to jointly owned by the sale of shopping malls, but also jointly owned a Hong Kong peak property development project.  It is understood that the property is a day-high villa, purchased in 2004 at HK $320 million, and later rebuilt to 4 villas, one of which recently sold at more than 300 million Hong Kong dollars, has made a lot of money on the book. In fact, as early as 2005, Stephen Chow has been echocardiography. At the time, he planned to raise about HK $50 million by listing the company's products, which mainly provide entertainment business such as advertising and television production, to the gem. However, Hong Kong's listing committee rejected the listing application on the grounds that the company's business was too focused on Chow.
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