Fri Apr 06, 2018 3:53 pm
#1603018
A little on our ABP investor man:
'...whereas most tycoons from China and Hong Kong prefer to be discreet, Xu errs towards flamboyance. He is often driven around in a red Bentley, has a home in the affluent north London suburb of Winchmore Hill and collects luxury watches. Today’s choice is a chunky number from the Swiss brand Roger Dubuis....'
'...Eyebrows have been raised over how ABP was able to acquire its first site near Beijing in 2003 with no track record. The deal was structured as a joint venture between England Dauphin International Group, the vehicle that holds Xu’s wealth, and the Fengtai district government, which provided the land.
England Dauphin is registered in the tax haven of the Seychelles and Xu has residency there.
There have been suggestions of croynism between Xu and a politician called Wang Qishan, who worked at the Research Office of Rural Policies in the late 1980s and became mayor of Beijing around the time of ABP’s arrival....'
China Minsheng Investment Corp was ABP’s majority backer in their London Docklands scheme supported by then mayor, Boris Johnson. The fund is run by Dong Wenbiao, former chairman of the separate China Minsheng Banking Corp.
China Minsheng Investment bought a 33% stake in Lux Aviation, one of the world's the world's largest business aviation operators with 250 aircraft and 1500 employees.
So, could it be that ABP, with Minsheng money, are behind this project with Lux Aviation/Execujet behind the scenes....? A new Euro HQ for them, where to date they had a base at Cambridge, not a million miles away?
'...whereas most tycoons from China and Hong Kong prefer to be discreet, Xu errs towards flamboyance. He is often driven around in a red Bentley, has a home in the affluent north London suburb of Winchmore Hill and collects luxury watches. Today’s choice is a chunky number from the Swiss brand Roger Dubuis....'
'...Eyebrows have been raised over how ABP was able to acquire its first site near Beijing in 2003 with no track record. The deal was structured as a joint venture between England Dauphin International Group, the vehicle that holds Xu’s wealth, and the Fengtai district government, which provided the land.
England Dauphin is registered in the tax haven of the Seychelles and Xu has residency there.
There have been suggestions of croynism between Xu and a politician called Wang Qishan, who worked at the Research Office of Rural Policies in the late 1980s and became mayor of Beijing around the time of ABP’s arrival....'
China Minsheng Investment Corp was ABP’s majority backer in their London Docklands scheme supported by then mayor, Boris Johnson. The fund is run by Dong Wenbiao, former chairman of the separate China Minsheng Banking Corp.
China Minsheng Investment bought a 33% stake in Lux Aviation, one of the world's the world's largest business aviation operators with 250 aircraft and 1500 employees.
So, could it be that ABP, with Minsheng money, are behind this project with Lux Aviation/Execujet behind the scenes....? A new Euro HQ for them, where to date they had a base at Cambridge, not a million miles away?