Haihang Qideji Wharf intends to take over

Wu Tianhai, chairman and managing director of Wharf (004), revealed at the shareholders’ meeting that if HNA sold the last remaining Kai Tak site, if the price is reasonable, Wharf intends to take over. Within three months, the third executive of the Wheelock Group and its subsidiaries expressed their love for HNA.

According to the statistics, the HNA Group’s companies won 4 plots of land in Kai Tak in 2016 and 2017, of which site No. 6565 and site No. 6562 were obtained with 8.837 billion and 5.412 billion respectively, with a total investment of 14.249 billion yuan, with an average of The floor price of 15,162 yuan. In March of this year, Wharf’s parent company, Wheelock (020), announced that it had spent RMB 6,599.2 million to acquire HNA’s international construction investment (687) land in Kaide, 6564, with a price of RMB 15,000. Hainan Airlines earned about 830 million yuan in book revenue. Liang Zhijian, Vice President of the Wheelock Group, emphasized that the construction cost was the market price and described the transaction as “good buy!”. It also added that the group has also consulted with one of HNA’s remaining sites. However, the HNA Group stated that it would like to temporarily “pick the first one.”

Jiucang Q1 net investment amounted to 40 billion

Subsequently, Wheelock Chairman and Managing Director Wu Zongquan expressed at the company’s 2017 annual performance meeting that he did not rule out the purchase of the last plot of HNA in Hong Kong. In addition, the other two sites of HNA were confirmed to be sold to Hengdi (012), and the HNA Group recorded a gain of approximately RMB1.71 billion for 15 months.

The company had a net investment of 40 billion yuan in the first quarter of this year. The shares of local real estate, mainland real estate, and listed blue chip companies each accounted for one-third. He added that the stocks invested by Wharf are mostly high-quality real estate stocks, with discounts and dividends. In addition, Wharf has also invested in new economy shares. However, Wu Tianhai stressed that this is only a short-term arrangement. When there are suitable local real estate projects and new economic enterprises in the future, they will be transferred back to such projects.