Saliva: 25-Year-old Yang is expected to become the richest man in the mainland! Envy Ah!~

The large real estate development enterprise, which has developed in Guangdong Province, will open a public offering in Hong Kong today, with a plan to issue 2.4 billion shares, accounting for about 15% of the enlarged equity capital. The IPO price is HK $4.18 per share and up to HK $12.9 billion. The size of the issue is expected to record the first IPO for mainland real estate companies.　　After listing, its big shareholder Yang shareholding 59.5%, its stock market value is expected to surpass Zhang Yin to become the new richest man in mainland China. Bi GUI yuan annual sales of more than 2.5 billion yuan Bi GUI garden was founded by its Chairman Yeung in the early 90, Yeung was born a contractor, low-key, not public appearances, almost no media interviews, and the structure of the shareholder in the country Garden is a typical family business, the group of major shareholders are basically the early entrepreneurs of enterprises　　, many with Yeung have blood or affinity relationship. Yeung I have always been a major shareholder of the company. 2 years ago, Yang, who was only 23 years old and graduated from the Department of Marketing and Logistics at Ohio State University, joined the country Garden and served as Yeung's personal assistant. In the same year, Yeung to his daughter, the starting point is that the hope of "down to the people also", to cultivate Yang for their own career successors. After Yang was transferred by his father, he gave another shareholder a year later.　　As of this March, Yang held a 70% stake in the country Garden Group, the largest shareholder and a member of the board. Bi Garden 1992 in Shunde, Guangdong, the main development of business focused in Guangzhou and the Pearl River Delta region.　　Since 1999, the total amount of the group's real estate sales has exceeded $2.5 billion each year. After the listing, Yang has a net worth of HK $52.9 billion, 90% of the shares offered to institutional investors, 10% were sold in Hong Kong, and were officially listed on 20th this month. The amount of capital generated by the fund will be used for the financing of the company's existing projects, acquisition of land reserves and general operating purposes in the mainland. The UBS study reported that the country garden would receive a 10% to 40% premium, with a minimum value of HK $70 billion and a maximum of HK $89 billion. So after the listing, although its major shareholder Yang will fall to 59.5%, but its holdings of stock market value is still expected to surpass Zhang Yin and become the new richest man in mainland China. Zhang Yin's nine Dragons paper closed its closing price of HK $15.94 yesterday, converting the Zhang Yinmui home to around HK $47.4 billion. According to the value of the country garden, Yang is worth up to HK $52.9 billion, at a minimum of HK $41.6 billion. This post was edited by the author in 2007-4-4 14:45:35!