“Planking King” Deng Chengbo 1.6 billion for Kwai Chung Industrial Building
The senior investor who has been continuously stockpile, “Planking King” Deng Chengbo, has continued to transfer cash funds to the entire industrial building. The sources pointed out that he had just spent nearly 1.6 billion yuan to purchase the whole building of Kwai Fong’s Guangxue Cold Storage (second warehouse). The price is over 5400 yuan.
According to sources, Deng Chengbo has just bought the entire block of Glory Freezer (second warehouse) from 11 to 19 Wing Yip Street, with a transaction price of nearly RMB 1.6 billion. The property is 13-storey high and the whole building serves as a warehouse. The total construction area is about 294,000 square feet and the price is about 5442 yuan. Since the transaction was carried out by transferring the company’s equity, it could save 136 million yuan in stamp duty. It is learnt that the property is currently rented out in full to Guanghui, with a monthly rent of RMB 3.315 million. The calculation is based on the purchase price and the return is close to 2.5%.
According to the Land Registry’s information, the property was originally held by senior property investor Luo Shouning, etc., and in 2009 it purchased 390 million yuan, and held goods for 9 years. Its book profit was 1.21 billion yuan, an increase of 3.1 times.
At the end of last year, Deng Chengbo purchased a successful center at No. 26-38 Dazhupinping Street in the same district for 1.038 billion yuan. At that time, the price was about 4,316 yuan. However, the project recently sold a 70.1% interest in Inner House Jiayuan International (02768) with over RMB 2.6 billion in connection with the revitalization of industrial buildings project No. 1 and No. 3 in Tuen Mun and the residential area of Tuen Mun.
Chen Wenhui 60 million sweeps 21 parking spaces
In addition, parking spaces continue to be sought after by funds. Xing Wen Real Estate (01560) Chairman Chen Wenhui or the relevant person, spent 60 million yuan to purchase the parking lot at the basement of the building at 30, Lam Ting Road, Kowloon City, a total of 21 parking spaces, with an average price of 2.857 million yuan for each parking space.
It is understood that the entire parking lot is now leased to the parking lot management company. However, due to the fact that the parking space has been demarcated, it can be resold later. The original owner was purchased in 2004 for 5 million yuan, holding the goods for 14 years, and the book profited 55 million yuan, an increase of 11 times.