23/10/2017-6

Letter set: research hotel business restructuring feasibility

the letter and hotel (01221) held a shareholders’ general meeting on Thursday (26th), Chairman Huang Zhixiang said that there was no plan to reorganize the hotel business of the two companies but would study the feasibility. For the earlier holdings of the Grand Hotel (00045) stake to 5%, he explained that it was treated as a long-term investment.

Huang Zhixiang bluntly, the Group often received a letter to invest in the reorganization of its hotel business proposal, but the recommendations are not as good as possible, do not rule out the future will reorganize the hotel business, but no plans. As for the earlier holdings of the hotel, he said, the Group has been holding the hotel for more than 20 years, for long-term investment, depending on the stock price to consider whether the additional holdings, and no established policy.

Next month to visit Israel for several days

For the Tencent (00700) Chairman Ma Huatong earlier disclosed that Huang Zhixiang interested in Israel to find investment in science and technology projects, he responded that the time was due to physical discomfort and canceled the trip, but next month will be sent to Israel for about 3 to 4 days. He believes that the combination of real estate and high technology to help business development, and now science and technology did not have a significant impact on the real estate industry, but the pace of development is often more than expected, so hope to use technology to enhance the Group real estate business.

He mentioned that if the project is suitable for real estate business, it will invest in the name of the letter; if not suitable for real estate business, it will invest in the name of a private family.

The local property market, the letter set executive director Huang Yongguang pointed out that this year’s new sales ideal, the property market development and sound, continue to optimistic about the property market outlook; the Government continued to increase the supply of land, but also help the property market continues to develop steadily, as the Government intends to launch Hong Kong people first home Car and green home, I believe also help people on the train, so that the overall property market more healthy. Although there is no farmland on hand, it will consider whether to participate in the relevant projects, depending on the details published by the authorities.