Did Li Ka-shing immigrate to Canada?

Li Ka-shing Changshi Group wants to win 30 billion seascape projects, and both mainland real estate enterprises are shouting "Be merciful".

Two mainland real estate enterprises, Hejing Taifu and Longguang, which are promoting overseas debt restructuring, seem to have suffered a commercial raid by Changjiang Industry, a subsidiary of Li Ka-shing. The following small series brought Li Ka-shing Changshi Group to win 30 billion seascape projects. Let's take a look at it together, hoping to bring some reference.

Li Ka-shing Changshi Group wants to win 30 billion seascape projects.

Two private housing enterprises in the Mainland, He Jingtai Fu (0 18 13. HK) and Long Guang (03380. HK), which is pushing forward overseas debt restructuring, seems to have encountered a commercial raid by Cheung Kong (0 1 13). HK) is owned by Li Ka-shing.

Cheung Kong has contacted HSBC, hoping to take over the corresponding creditor's rights of the Hong Kong "Kai _" project jointly developed by Jingtaifu and Longguang. The creditor's rights are about 654.38+002 billion mortgage loans held by syndicates such as HSBC and Standard Chartered. Although the transfer of creditor's rights is a commercial activity, Hejing Taifu and Longguang are promoting overseas debt restructuring, and both companies are worried that the sudden intervention of Changjiang Industry will lead to new obstacles in related restructuring work.

Kay's creditor's rights are also within the scope of the planned restructuring of the two companies. If the creditor's rights are transferred to Changjiang Industrial Group by the syndicate at this time, the company is worried that Changjiang Industrial will oppose the debt restructuring, forcing the project to embark on the road of auction transfer, which will eventually lead to the project changing hands. However, due to the creditor's rights in the hands of the syndicate, at present, Hejing Taifu and Longguang cannot be redeemed. Even if Cheung Kong wants to take over Kai _' s creditor's rights, the two companies seem to have no good way to stop the transaction.

Competition for 30 billion projects

The "Kai _" project is located at 66 Lin 'an Road, Aberdeen and Ap Lei Chau. Back to Yugui Mountain, facing the sea. A veritable sea view room is Longguang's first project to enter the Hong Kong market. 2065438+February 2007, the consortium composed of Longguang and Hejing Taifu won the "Kai _" project for HK$168.55 million, which became the single plot with the highest transaction price in Hong Kong at that time. In Hong Kong, where land is scarce, the price of "Kai _" plot is not low either, and the floor price is 176700 yuan/year.

After a lapse of six years, the "Kai _" project was finally sold for the first time on June 5438+ 10, 2023. A total of 295 suites were sold, mainly three-bedroom and four-bedroom. Based on the total sales area of 673,000 square feet and the unit price of HK$ 50,000 per square foot, the project valuation is equivalent to about RMB 30.7 billion.

However, the sales return rate of this Wang Di project is not as fast as expected. According to the platform of Zhongyuan Real Estate, up to now, only three houses have been sold in the "Kai _" project, with a sales return of 488 million yuan. "The main reason is that developers don't fully understand the market." Zheng Shulun, president of Zhongyuan Real Estate in South China and general manager of Shenzhen Zhongyuan, told CBN that "Kai _" had a higher land acquisition price at that time, so the sales price was also higher, and the surrounding facilities were immature. In addition, real estate agents are worried that they can't get the commission, and the promotion of sales channels is obviously insufficient, which leads to the slow sales of the project.

The unsatisfactory sales did not make the two developers want to give up. On the contrary, for Hejing Taifu and Longguang, this Big Mac project in Hong Kong belongs to the high-quality assets owned by the group and is regarded as one of the important target assets in the debt restructuring negotiations between the two companies and creditors.

Previously, with the "Kai _" project jointly developed by both parties as collateral, Longguang and Hejing Jingtai Fu lent HK$ 654.38+002 billion to syndicated loans including HSBC and Standard Chartered for project development. Since 2022, Longguang and Hejing Taifu have successively defaulted on their debts, and the mortgage loan of HK$ 654.38+002 billion has also been included in the scope of overseas debt restructuring, with a view to obtaining bank extension.

Recently, however, the news that Changjiang Industrial intends to take over the creditor's rights of Kai _ has spread like wildfire in the financial circles, which has brought new uncertainty to this project and even the debt restructuring of Longguang and Hejing Taifu.

Cheung Kong has contacted HSBC, one of the representatives of the consortium, hoping to take over the creditor's rights of Kai _. At present, the attitude of consortium members is still unknown.

What is Li Ka-shing's idea of making money?

Since 2008, Li Ka-shing's Changhe Department has been selling its assets in China. According to incomplete statistics, at least the cash has exceeded1.500 million yuan.

At the same time, Li Ka-shing is also investing in Europe. At present, Li Ka-shing Business Empire's revenue in Europe is close to 40%, and the revenue in Greater China is still 30%. Most of Li Ka-shing's assets are indeed being transferred from China to Europe.

It is reported that Li Ka-shing is not only transferring assets, but Li Ka-shing and his two sons, Li Zeju and Li Zekai, have become Canadian citizens. Li Ka-shing 1983 immigrated to Canada and soon acquired Canadian citizenship. Later, Li Zeju and Li Zekai also obtained Canadian citizenship.

Li Ka-shing's Canadian citizenship has brought him many conveniences in investing in Canada. So far, Li Ka-shing's investment in Canada has exceeded150 billion yuan. Canada has become one of the most important positions in Li Ka-shing besides Britain and Greater China.