The case of the giant competing for production was opened, and 300 billion Nansha land was designed. After 10 years, the case of Henry fok's succession has once again entered people's field of vision. However, the story of giants vying for Hong Kong real estate is always full of twists and turns. The case of giant competing for production was opened, and 300 billion Nansha land was designed.
The case of giants competing for property opened in court, designing 300 billion Nansha land 1 Today, the case of Fok Ying-tung's children competing for property opened in Hong Kong. The plaintiffs are Huo Zhending, the third son of Huo Yingdong, Huo Liping, the eldest daughter, and Huo Lina, the second daughter, demanding that the family company buy back the rights and interests of Guangzhou Nansha Development Plan worth more than 9 billion Hong Kong dollars (about 7 billion yuan). One of the defendants is the second son Huo Zhenhuan and the eldest son Huo Zhenting. Huo Zhenting is the father-in-law of former famous athlete Guo Jingjing and also the father of Huo Qigang.
Huo Yingdong established Huo Xingyetang Real Estate Co., Ltd. and Yourong Co., Ltd. on 1953. The capital map covers real estate, culture and sports, funds, construction, shipping, catering and department stores, and Huo Xingyetang owns most of the family businesses. The expenses of family members, such as buying a house and changing cars, buying jewelry, etc., are also paid by Huo Xingyetang. The enterprises under the Huo family mainly include more than 80 wholly-owned subsidiaries, including the company, Huo Xingyetang (46% owned by the family, with a market value of about HK$ 5 billion), Dongshi Trust, Shun Tak Shipping, Shun Tak Group and Panama (with a market value of about HK$ 700 million).
This controversy: Huo Yingdong's third son, Huo Zhenting, his eldest daughter, Huo Liping, and his second daughter, Huo Lina, sued Huo Zhenting and Huo Zhenhuan, demanding that the family company buy back the rights and interests of Guangzhou Nansha Development Plan worth more than HK$ 9 billion. In the 1990s, Henry Fok spent hundreds of millions to buy the beach, and now it is the core area of Nanshawan with 7 kilometers of golden coastline. The site value of the 20 15 Nansha project has reached HK$ 38 billion, and now the value of this project has exceeded RMB 1000 billion.
Henry Fok once made a will: "Women with two or three rooms are not allowed to do business and are not allowed to separate within 20 years after their death."
When Huo and Guo Jingjing got married, it was estimated that the land trampled by the giants in Nansha, Guangzhou, would be the source of internal discord among Huo Yingdong.
Today (65438+1October 1 1, 2022), the second-generation land dispute case of Huo's Nansha was officially opened in Hong Kong.
After a lapse of 10 years, the case of Henry fok's inheritance struggle has once again entered people's field of vision. However, the story of Hong Kong giants competing for production is always full of twists and turns.
The protagonist of this property dispute is Henry Fok's three sons, the eldest son Huo Zhenting and the second son Huo Zhenhuan as the camp. The third son, Huo Zhenting, was dissatisfied with his second brother's concealment of Nansha land and went to court to sue his elder brother and his second brother.
Third brother is not alone. Huo Yingdong's two daughters, Huo Liping and Huo Lina, are on Huo Zhenyu's side. Both camps have hired "Dazu" (lawyer) at a high price, which is quite a feeling of watching TVB drama. It must be another war of words.
At 9 o'clock this morning, Huo Zhenhuan appeared in the Hong Kong High Court, wearing a purple-black tie, with a calm expression and a black leather bag in his hand. The court session is in the morning 10. Besides Huo Zhenhuan, Hollina also appeared in court wearing sunglasses.
On June 65438+1October 1 1 day, 2022, the property dispute between Hong Kong and Fok Ying-tung was heard in court.
On the left is Zhai Shaotang, a senior lawyer of Fok Ying Tung Fund Co., Ltd.
It is reported that at the scene, lawyers of all parties in the property dispute case of Henry Fok used a lot of court documents, and the opening statement exceeded 1000 pages. Although the trial started on the first day, it is estimated that it will take four to five days to explain the cases of both parties to the judge. The trial is expected to last 60 days.
In other words, this lawsuit will last at least two months. I have to say, I don't know if the Huo family three brothers made a profit or lost. Lawyers must have made money anyway.
It is nothing new that the Huo family three brothers turned against each other. After the death of his father Henry Fok in 2006, at the end of 20 1 1, the third brother took the second brother to court for three properties worth HK$ 6.4 billion. The two sides held their own words and refused to give way to each other.
Pictures from the Internet, from left: Huo Zhenting, Huo Zhenhuan and Huo Zhenyu.
Only at that time, the Nansha project in Guangzhou was still unattended. This show for the giants was supposed to be reconciled under the mediation of former Hong Kong Chief Executive Tung Chee-hwa. Unexpectedly, 20 13 made waves again, and the Nansha project once again became the focus of attention.
For this Nansha project, the Huo brothers have been fighting for more than 9 years, and the giants are as deep as the sea ~
Huo Zhenyu, the third son of Nagano, and Huo Liping and Huo Lina, Nagano's two daughters, filed a lawsuit in the High Court, demanding that the family company buy back the rights and interests of Guangzhou Nansha Development Plan worth more than HK$ 9 billion.
According to related reports, in the early 1990s, Henry Fok established Nansha Development Company in Panyu, Guangzhou, and won 22 square kilometers of local land.
Fok Yingdong invested in Nansha project before his death, and held 5 1% of the rights and interests of the project through Panyu Development Co., Ltd., which shared two shares equally. One share was held by a subsidiary company of Huo Xingyetang Real Estate Co., Ltd., a family company of Huo, and was transferred to Fok Yingdong Fund, a major charity, at a nominal price of 1 yuan in June 1997. However, Rongrong Co., Ltd. has the repurchase right to recover its rights and interests at the same price of 1 yuan within 10 years.
The Nansha project is now worth more than 1000 billion, and this repurchase clause has laid the groundwork for today's disputes.
According to the report, the trial of this case has been scheduled for 2022 1. 1.065438, and will last for 60 days. Huo Zhenyu and Hollina applied to the High Court judge to cite expert evidence. Lu Guan questioned the existence of multiple hypotheses in relevant expert evidence, and should further investigate and make a factual determination.
The parties are Huo Zhenyu, the third son of Nagakawa, Huo Zhenhuan, the second son of Nagakawa, Huo Liping, Huo Lina, Panlong Enterprise Co., Ltd., Fok Ying Tung Real Estate Co., Ltd. and Fuji Co., Ltd.. Fok Ying Tung Foundation Limited, Hong Kong Mortgage &; Loan Co., Ltd., Water Transportation Co., Ltd., Yourong Co., Ltd.