Pass the parcel: Willie (0273) buys basement of China United Centre from HEC Capital for HK$170m

Avoiding 8.5% double stamp duty, Willie is buying the BVI company which indirectly owns the property. It was previously owned by Dragonite (0329) until 21-Jan-2014, by Heritage (0412) until 4-May-2011 and by Z & Z International Ltd until 25-Apr-2008. Even earlier, it was owned by China United Holdings Ltd, the former incarnation of Willie, which bought the property in 1997 for HK$470m. So it has now come full circle. All are in the "Chung Nam Network"

Organisations

Central Town Limited (VG)
E-Garden Properties Limited
EAST CHAMPION LIMITED 億綽有限公司
HEC Capital Limited
MASON GROUP HOLDINGS LIMITED 茂宸集團控股有限公司
OCI International Holdings Limited 東建國際控股有限公司
SHANDONG HI-SPEED HOLDINGS GROUP LIMITED 山高控股集團有限公司
Z & Z International Limited (VG)

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Organisations