Kwok does not pass the 07 years to buy land dispute

WASHINGTON (Reuters) – New Zealand (016) Kwok’s family reckoned the war, yesterday reported that the guise of the brothers and the fuse, from 2007, Guo Bingxiang found that the company bought the fragrant land, the bid was higher than Market price, or even higher than the seller bid.

Guo brothers and not widely known, from 2008, Guo Bingxiang was expelled from the board. Yesterday there was a local newspaper quoted the news, referring to the edge of 2007 Guo Bingxiang found that the company to buy more than the market price of incense land, with the Central International Financial Center (IFC) rent is not ideal, both by the two women, Guo Bingjiang wife Liang Jieqin responsible The Guo Bingxiang asked the internal investigation, by a family member in charge, it led to brothers break.

Distribution of assets suspected of injustice

Another source told the newspaper that in 2006 the mother Guo Kuang Xiaoqing and three brothers reached an agreement, must be agreed by the Quartet. However, when Kwok Ping-han was assigned the new shares and properties in the “Great Reconciliation” in 2014, there was no indication that the property was to be allocated to the second and third tier of Hong Kong’s Board of Directors.

But in 2016 Bingjiang, Bing Lian suddenly selected Hong Kong, Canada property, but ignorant will Big Brother Bingxiang, and the price actually follow the 2014 valuation, but in 2016 property prices have risen more than three percent, so Guo Bingxiang feel the so-called “average” Is not fair. If the three brothers plan to 2017 price, re-allocation of assets, or acceptable.

The HSBC Trust, which is responsible for the management of the family assets, sought instructions on the disputed court of the royal court in Jersey, where it was known that the result was the fastest summer vacation. Guo Bingxiang declined to comment on the proposal, and the spokesman for the new land also said that he could not comment on the Kwok family business.

The new land by Guo Bingxiang as chairman, but he was accused of being kidnapped after the change of temperament, but also with the confidante Tang Jinxin close, so that Guo Laotai dissatisfaction, in front of three children pro-11 family regulations, not allowed to close to the new land, to In 2008 Guo Bingxiang was dismissed from the chairman and director duties and leave, by Guo Laotai presided over the stability of the overall situation, and soon after Guo Bingjiang, Guo Binglian involved in Xu Shiren bribery case.