Hengdi Li Zhaoji plans to retire Li Jiajie Li Jiacheng takes over

Hengdi Li Zhaoji plans to retire Li Jiajie Li Jiacheng takes over

Li Zhaoji, the 91-year-old founder of Henderson Land (012), revealed in the 2018 annual results announcement issued by Henderson that he would consider retiring as chairman but will remain as a director and continue to be a group. service. He will advise the board of directors that the 56-year-old eldest son Li Jiajie and the 48-year-old second son Li Jiacheng will serve as co-chairs and general managers.

Li Zhaoji, who is known as the uncle, has been named the second super-rich in Hong Kong by Forbes in the past years. Li Zhaoji’s market value of listed companies in the Henderson Land alone exceeded RMB 514.3 billion. The four uncles have two sons and three daughters, the eldest daughter Pei Wen, the eldest son Jia Jie, the second daughter Pei Ling, the three women Pei Yi and the Yan Zi Jia Cheng, and another seven grandchildren and four grandchildren.

As early as last June at the Henderson Shareholders’ Meeting, Li Jiajie and Li Jiacheng were asked questions about when the four uncles retired. At the time, they unanimously responded that the four uncles did not intend to retire.

In fact, the Li Zhaoji family’s succession problem has been deployed many years ago. The two sons’ styles have always been pragmatic and low-key, and Hengdi has always had a division of labor in business. The eldest son, Li Jiajie, is mainly responsible for the group’s real estate business in the Mainland. In recent years, he has also frequently participated in activities related to the Mainland. Li Jiacheng is responsible for the business of Hong Kong. He married the former artist Xu Ziqi.

Born in Shunde, Guangdong Province in 1928, Si Shu came to Hong Kong in 1948. He was originally engaged in gold trading and foreign exchange trading, and later engaged in import and export trade. In the 1950s, he began to get involved in real estate. In 1963, he founded Sun Hung Kai Properties (016) with his old friends Guo Desheng and Feng Jingwei. Later, the three separated.

Last year, Hengdi earned 31.957 billion yuan.

Feng Jingyu took the lead in withdrawing from Sun Hung Kai in 1970 and switched to the investment securities industry. After Lee Shau Kee resigned as the general manager of Sun Hung Kai, but remained as the vice chairman, the demolition team obtained some sites and properties and continued to develop in the real estate industry. He founded Henderson Land in 1976 and has been listed in Hong Kong since 1981. Last year, Hengdi’s annual turnover was 21.982 billion yuan, down 21.4% year-on-year; net profit was 31.157 billion yuan, up 1.1% year-on-year; earnings per share was 7.08 yuan; final dividend was 1.3 yuan, and 1.23 yuan was sent in the same period last year, together with the medium term. The interest rate was $0.50, and the annual dividend was $1.80, up by 5.3% year-on-year; and the bonus shares were distributed on the basis of “ten to one”. The same-sales gas (003) profit attributable to shareholders last year was 9.31 billion yuan, up 13.2% year-on-year, earnings per share was 60.5 cents; final dividend was 23 cents per share, together with an interim dividend of 12 cents per share, a total dividend per share for the year. 35 cents.