As the world's richest person in real estate, the investment trend of "Superman" Li Ka shing has attracted much attention from the market. On July 28, it was reported that Changshi Group, a subsidiary of Li Ka shing's family, wanted to buy the Hong Kong headquarters of China Evergrande. In response, Changshi Group confirmed to the media that the company had entered the bid for "China Evergrande Center Project, 38 Gloucester Road, Wanchai", but Evergrande did not respond.
During the period from 2013 to 2021, Li Ka shing continued to sell real estate projects in the mainland, and bought a large amount of British property, power, water, telecommunications, ports and docks and other asset projects. However, since the end of 2021, Li Ka shing has suddenly changed the direction of investment, starting to sell off British assets and refocusing his investment target on China.
"The first stock of fresh e-commerce" Daily Youxian also attracted market attention. After the opening of the US stock market on July 28, the daily stock price of Youxian plummeted by 47%, and still fell by more than 45% as of press release. On the same day, it was reported that the daily Youxian financing failed to deliver and the company was dissolved. In response, the staff of Daily Youxian said that due to business adjustment, some employees left their jobs. The company is currently actively seeking all possible solutions to maximize the protection of employees' rights and interests. In the past four years, Youxian has accumulated a net loss of nearly 10 billion yuan every day. Since its listing in the United States last June, the company's share price has fallen by more than 99%.
Li Ka shing copied Xu's family seal? Proposed purchase of China Evergrande Hong Kong Headquarters
Li Ka shing once again. According to surging news reports, on July 28, there was market news that Changshi Group, a subsidiary of Li Ka shing's family, wanted to buy the Hong Kong headquarters building of China Evergrande (03333. HK). In this regard, Changshi Group confirmed that the company has entered the bid for "China Evergrande Center Project, 38 Gloucester Road, Wanchai", and Evergrande did not respond to the news.
Previously, there was market news that China Evergrande planned to sell its headquarters building to Yuexiu Real Estate (00123. HK) at a price of HK $10.5 billion. According to the understanding of the surging news at that time, the two parties could not negotiate the transaction due to price reasons.
According to the data, Hong Kong Evergrande Center is located at 38 Gloucester Road, Wanchai, adjacent to Admiralty and Wanchai Metro Station, Hong Kong Police Headquarters and Hong Kong Convention and Exhibition Center. This office building covers an area of 2138.8 square meters, with a total construction area of 32090.9 square meters, a building height of 94.85 meters, and a total of 26 floors. The predecessor of this building is "MassMutual Building".
In 2015, Evergrande Group purchased the "American Wantong Building" from Chinese real estate with HK $12.5 billion, setting the record for the largest commercial building transaction in Hong Kong at that time. Later, the building was renamed "China Evergrande Center".
On July 28, according to the Hong Kong Economic Daily, China Evergrande's financial problems remain unresolved and it seeks to sell properties to cash in. The market valuation of the building is about HK $9 billion, and the bid was closed on the 28th. At present, the rental rate of China Evergrande Center has exceeded 80%.
Recently, another incident of Evergrande Group has also attracted attention. After 4 months. The mystery of Evergrande Property's 13.4 billion deposit was uncovered. On July 22, China Evergrande announced that a preliminary investigation had been made on the compulsory execution of the pledge of deposits of RMB13.4 billion of Evergrande Property by relevant banks. According to the information obtained from the independent investigation committee's preliminary independent investigation, the loan related to the pledge is transferred back to China Evergrande Group through a third party (after deducting expenses) for general operation of the Group.
The above events of Evergrande Property also directly led to the change of the senior management of China Evergrande. According to the preliminary survey data, Xia Haijun and Pan Darong, executive directors of China Evergrande, and Ke Peng, executive president of Evergrande Group Co., Ltd., a subsidiary, participated in the above arrangements. In view of this, the Board of Directors decided to require such persons to resign from their posts in China Evergrande Group. At the same time, China Evergrande also released the announcement of the Change of Directors and Chief Executive Officer. Xia Haijun, the chief executive who accompanied Xu Jiayin for many years, officially resigned, and his position was taken over by Sean, the current executive director. China Evergrande also announced that two vice presidents, Liu Zhen and Qian Cheng, both 36 years old, were appointed as the new executive directors of China Evergrande.
Selling British assets and focusing on Chinese assets, Li Ka shing's investment trend has changed?
According to Forbes' real-time list of the world's richest people, Li Ka shing's latest wealth is US $36.1 billion, or about 243.6 billion yuan, ranking 31st on the global rich list. At the same time, Li Ka shing is also the richest person in real estate in the world. In April this year, the Hurun Research Institute released the Hurun Global Real Estate Entrepreneur List 2022, which showed that the Li Ka shing family, with a wealth of 205 billion yuan, once again topped the world's richest real estate.
Li Ka shing's investment trend has attracted much attention from the market. During the period from 2013 to 2021, he continued to sell real estate projects in the mainland and bought large quantities of real estate, power, water, telecommunications, ports and docks in the UK, which was nicknamed "buying half of the UK". According to the BBC, Li Ka shing's Changshi Group is the largest single overseas investor in British history, with a total investment of more than 255.5 billion yuan.
However, since the end of 2021, Li Ka shing has suddenly changed the direction of investment and started selling British assets. At the end of 2021, the Li Ka shing family plans to sell the UBS London headquarters held by Changshi Group at a price of about 1.25 billion pounds (about 10.5 billion yuan); At the beginning of 2022, Li Ka shing's family was reported to be negotiating the sale of UK Power Networks, a British power company, with a transaction valuation of up to 15 billion pounds (equivalent to about 126.3 billion yuan); On March 11, 2022, Changshi announced that the sale of UBS Group's London headquarters building in the core area of the City of London in the UK would cost 729 million pounds (about 6 billion yuan); On the evening of July 14, the "Changhe Department" company under the Li Ka shing family announced that the US private equity giant KKR would take a 25% stake in the Northumbrian Water project, a British water company held by the Li family, at a basic cost of 867 million pounds (about 8.073 billion Hong Kong dollars).
While continuing to sell British assets, Li Ka shing seems to have turned his attention to China. In May this year, Hutchison Whampoa, a subsidiary of Li Ka shing, targeted a piece of high-quality land located in Baiyun New Town and offered 2.36 billion yuan. Although Li Ka shing finally failed to take the plot into his pocket, it was still regarded by the market as an important signal that he began to pay attention to and buy Chinese assets.
The stock price of Youxian plummeted every day, and the company responded to "dissolution": some employees left
The stock price plummeted, the performance continued to lose money, and the "first stock of fresh e-commerce" Youxian fell into crisis every day?
After the opening of the US stock market on July 28, the daily stock price of Youxian plummeted by 47%, and still fell by more than 45% as of press release. On the same day, it was reported that the daily Youxian financing failed to deliver and the company was dissolved. In response, the staff of Daily Youxian said that due to business adjustment, some employees left their jobs. The company is currently actively seeking all possible solutions to maximize the protection of employees' rights and interests.
According to the Beijing Youth Daily, on July 28, an online recording and chat screenshot showed that an employee who claimed to be Daily Youxian said that today the company suddenly held an online meeting and informed the employees to dissolve in place. Up to now, the salary has not been paid and there is no resignation certificate. In this regard, the staff of Daily Youxian said that the company would adjust its business and organization under the big goal of achieving profitability. Next day, smart food market, retail cloud and other businesses will not be affected. Due to business adjustment, some employees have left their jobs. The company is actively seeking all possible solutions to maximize the protection of employees' rights and interests.
Previously, it was also reported that the company's performance and salary in June had been in arrears, which was postponed from July 10 to July 28. However, it was also reported that the salary could not be paid on the 28th, and the social insurance in May and June had not been paid. Daily Youxian began to lay off employees in March and April. It used to have more than 2000 employees, but now it has less than 900 employees. Suppliers often ask for money from customers. However, Daily Youxian did not respond positively to this matter.
It is worth noting that on July 28, Youxian released a service change notice on the home page of the app. The notice shows that the daily delivery time of premium fresh food has changed from the original fastest delivery time of 30 minutes to the fastest delivery time of the next day. In this regard, Daily Youxian confirmed to the media that the 30 minute fast service was closed nationwide. Daily Youxian said that under the big goal of achieving profitability, the company has adjusted the front warehouse business, and the next day's delivery and other businesses will not be affected.
In addition, according to the 21st Century Economic Report, previously, Youxian closed its business in 9 cities of Shenzhen and Shijiazhuang for three days from June 30 to July 2, and only reserved the front warehouses in 4 cities of Beijing, Shanghai, Tianjin and Langfang. This adjustment also proves that Daily Youxian can't bear the heavy pressure brought by the pre position mode of heavy assets and heavy operation.
On June 25, 2021, Youxian was listed on NASDAQ at a price of $13. After the listing, the company's share price fell all the way. As of the closing of July 27, Youxian's share price was only $0.24 per day, 98% lower than the issue price, and its market value was only $56.51 million.
Financial report data shows that in 2018-2020, the daily net loss of Youxian was 2.232 billion yuan, 2.909 billion yuan and 1.649 billion yuan respectively, and the revenue was 3.547 billion yuan, 6 billion yuan and 6.13 billion yuan respectively. In the first quarter of 2021, Youxian's daily net loss will be 610 million yuan, 1.434 billion yuan in the second quarter and 974 million yuan in the third quarter, and its fourth quarter and annual financial reports will be delayed. That is to say, if the performance of the fourth quarter of this year is not included, Youxian has accumulated a net loss of 9.8 billion yuan every day in the past four years.
Although it continues to suffer huge losses, the daily financing process of Youxian is brilliant. Public information shows that in December 2014, Youxian received angel round financing of 5 million dollars every day; In May 2015, it obtained another round A financing of 10 million US dollars led by Tencent. Since then, it has obtained at least one round of financing every year, including Tencent, Tiger Fund, Zhejiang Venture Capital and other well-known institutions. By the end of June 2021, Youxian has obtained nearly 10 billion yuan of financing every day.
Editor in charge: Wang Lulu
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