Guo Bingxiang, Chairman and CEO of Sun Hung Kai Properties, was suspended, which caused a sensation in the financial sector. It is reported that this incident was suspected to involve a power struggle, and Guo Bingxiang encountered great resistance when he tried to implement the "reform" earlier. Recently, he got the help of his confidante Ida, trying to persuade former deputy police chief Huang Canguang to join the group, which eventually triggered a strong rebound and led to Mrs. Guo's intervention. Guo Bingxiang, chairman of Hung Kai Properties, recently formally sued his two younger brothers, Guo Bingjiang and Guo Binglian, for libel. A new disharmony between the rich and the poor is officially staged. In the Guo family, the wife (the father of the three Guo brothers) and the three stood on the same front and suspended all the positions of the chairman in the company. 10 On the evening of June 4th, Kuang Xiaoqing said through Sun Hung Kai Properties that the trustee of the Kwok Family Trust Fund, which holds108170,000 shares or about 42.09% of the shares of SHKP, had been reorganized, and the three brothers and three families shared105438+07,000 shares or 42.09% equally.
It is worth noting that the press release pointed out that "Guo Bingxiang family is the beneficiary of one-third of the shares", while the other two brothers clearly stated that "Guo Bingjiang and his family" are the beneficiaries of another one-third of the shares, and "Guo Binglian and his family" are the beneficiaries of the remaining one-third; Judging from the wording, people are concerned about whether Guo Bingxiang himself is one of the beneficiaries.
The spokesman made it clear to this newspaper that Guo Bingxiang was not among the beneficiaries of the family trust. This means that Guo Bingxiang himself will not be able to share the property rights of Sun Hung Kai with a market value of nearly HK$ 50 billion. The market is concerned about whether a new round of feud between the Guo brothers and the giants will break out at any time. Previously, the family conflict of the Guo brothers was officially exposed in May 2008, but it was silent for more than a year after the financial tsunami.
Sun Hung Kai Properties pointed out that it will continue to hold the shares held by the above trust funds and make core strategic long-term investments. At the same time, it is emphasized that the management and business strategy remain unchanged and are not affected by this reorganization.
Sources close to the Guo family stressed to the media that this is not the separation of the Guo family, and Mrs. Guo's rights and interests remain unchanged. This arrangement is also her will. In addition, most trust funds have clauses that restrict beneficiaries from buying and selling at will. As far as voting is concerned, it will be the same as before, and there will be no situation where different people have different intentions.
In response to the above news, I reiterate that he and his family, his family and even his family are the beneficiaries of the rights and interests of the Guo family trust fund, and the rights and interests of the three brothers should be the same. In addition, he also pointed out that his mother, Kuang Xiaoqing, is not the beneficiary of all the new shares of the Guo family.
Regarding Guo Bingxiang's above discussion, SHKP spokesman stressed in an interview with this newspaper yesterday that Kuang Xiaoqing is still the full beneficiary of the fund, and pointed out that Guo Bingxiang is only a non-executive director of listed companies at present. "He no longer needs to be involved in the day-to-day operation of the company."
It is understood that Mrs. Guo made this decision because she felt that if this new arrangement was not made, there would be some changes, which would affect the overall rights and interests of the Guo family. This is a helpless decision. Some Hong Kong media have previously disclosed that they have known a "confidante" in recent years and tried to bring it into the management of listed companies, but it was not recognized by Mrs. Guo and her two brothers. Recently, Guo Bingxiang still keeps close contact with this confidante.