Woman richest man Yajun "divorce fee" over HK $20 billion

Yesterday, a Hong Kong media burst, China's richest woman, Longhu real Estate (00960. HK) President Yajun has divorced her husband, Caiqui, to 28% per cent of his ex-husband. It is reported that Caiqui currently holds 1.562 billion shares of Longhu, if by Longhu 19th, the market value equivalent to more than 20 billion yuan. After the announcement, the news was confirmed by a Longhu property spokesman later yesterday. Longhu admits Yajun has divorced market worries divorce trigger default Wang Shi divorce turmoil has not subsided, another well-known real estate company chairman met marriage. According to the Hong Kong letter, Longhu Property Chairman Yajun, one of the top ten real estate developers in the mainland, had a stake in about 70% shares with her husband Caiqui, which had split into two in early August and had become 45.4% and 30.2%, respectively, by Yajun and Caiqui. Longhu Real Estate PR spokesman admits that Yajun has indeed dissolved the marriage relationship with Caiqui. At present, Caiqui holds 1.562 billion shares of Longhu, which is equivalent to 20 billion yuan if the market value is 19th. According to the disclosure interests of the Hong Kong Stock Exchange, Yajun and Caiqui originally held a 75.6% stake in Longhu property, equivalent to about 3.9 billion shares, but their holdings fell to 45.4% and 30.2% respectively on August 6. Since then, Yajun 260 million shares on September 18, with a 11.88 yuan per share of the price of the old before the new way in the market to raise funds, so that her own shareholding has dropped to 40.33%. Yajun's holdings have rebounded to 43.18% per cent and Caiqui's holdings are about 28%. Longhu before the terms of the issuance of bonds, Yajun and Caiqui's holdings must be more than 70%, otherwise trigger a default, the market is worried that the two people after the divorce will trigger a corporate debt default problem. The spokesman said that since the Longhu on the market, Yajun and Caiqui shares have been held in two trusts, and Caiqui never held office, so the divorce does not involve changes in equity, the company's operations have no effect. As a major shareholder, the two will continue to act in a concerted way in the future and have reached a consensus on safeguarding corporate interests, the spokesman said. According to sources, a large number of Longhu to avoid the fall of the third party, Caiqui has signed an agreement to let Yajun temporarily in charge of the 28% stake in his own hands. At present, after Yajun and Caiqui, nine warehouse company chairman Woo is holding about 5% Longhu Equity, is the company's third largest shareholder. The woman's richest man, Yajun engineer, Caiqui, a 48-year-old Yajun of Chongqing Hechuan, graduated from Polytechnical in 1984 and worked as a mechanical engineer, journalist and editor. She has been involved in the real estate industry since 1993 and has invested in the creation of Longhu real estate in 1995. According to Hurun's previous release of the "2012 Hurun Women Rich List" and "2012 Hurun World Self-made Women rich List", Yajun to 38 billion yuan of wealth to become the world's richest self-made woman, but also the richest woman in China. Yajun's ex-husband, Caiqui, was an engineer at the Chengdu Aircraft Manufacturing Company and later served in the Chongqing Airport Construction Corporation. Caiqui in ShenzhenOpened a computer company, and Yajun married, two people set up a company, their own business. Since later Yajun's company developed better than Caiqui, since then the two people to cooperate in the establishment of the Longhu to engage in real estate, Yajun held a stake than Caiquido. Shares fell yesterday after the Longhu property was divorced and involved in equity issues with the president and his wife. Barclays, the securities firm, reacted positively to the Longhu's stock-market changes, and said the impact on Longhu's share price was limited. However, the bank believes that Caiqui is indeed likely to sell shares, causing short-term fluctuations in the company's share price.