On Friday night, Li Ka-shing brushed the screen for no other reason. CK Asset continued to bid farewell to mainland assets and sold 4 billion yuan of a project to Sun Hongbin, chairman of Sunchuang Group.

Li Ka-shing sells mainland assets againSun Hongbin accepted the offer.

CK Asset has a project in Dalian, Liaoning Province, which has not been completed for eight years and has just been sold to Sun Hongbin, chairman of Sunac China, thepaper.cn reported.

The project has sold for more than 4 billion yuan, and at present, the project site has been surrounded by billboards for the first Hospital project.

It is said that the project was initially built in three phases with a construction cycle of four years, and why the development has not been completed for eight years has sparked controversy over whether it is suspected of hoarding land.

According to public information, Changshi acquired the commercial and residential land of Heizuizi Wharf in Xigang District of Dalian for about 1.9 billion yuan in December 2011, covering an area of 143000 square meters. Xigang District, where the project is located, belongs to an area with a better location near the old city in the center of Dalian, and there is not much land supply in recent years.

According to thepaper.cn, Changshi said that the long development period of the project is due to the government's delay in handing over the land, and some of the buildings of the project are now nearly capped.

It is understood that prior to the announcement with Huang Changshi, the company invested 1.9 billion yuan in Heizuizi Wharf and surrounding land in Xigang District, Dalian City, and has agreed with Dalian Land Bureau and will sign a contract for the transfer of land use rights. With the completion of the acquisition, Changshi developed the Xigang project into residential and commercial properties.

Data show that the total area of the above project is about 143000 square meters, and the total initial investment and registered capital of the project company Dalian Dalian Real Estate Development Co., Ltd. are proposed to be 1.919 billion yuan, and it is expected that the future investment will increase to the equivalent of 700 million US dollars and 500 million US dollars respectively. The above-mentioned project company Changshi and Huang Changshi each indirectly own 50% interest.

A huge amount of money was poured into Europe and Britain

In recent years, Li Ka-shing has shifted his focus to Europe. According to the data of CK Asset's financial report in 2018, Changshi's total assets increased by 12% in 2018 compared with the same period last year, of which European total assets increased by 30%. By the end of 2018, European assets accounted for more than 50%.

On the evening of August 19, Cheung Kong Holdings Limited announced that its indirect wholly-owned subsidiary CK Noble (UK) Limited had acquired all issued and to be issued share capital of Greene King plc for £2.7 billion (equivalent to about HK $25.2 billion).

In addition to £2.7 billion in cash, Cheung Kong is reported to have a debt of £1.9 billion in Greene King, which adds up to £4.6 billion, or about HK $43 billion.

Founded in 1799, Greene King is a leading brewery and British tavern operator in the UK, operating more than 2700 British taverns, restaurants and hotels in England, Wales and Scotland, according to Greene King's website. Its three main business branches are British tavern companies, British pub partners, brewing and brands.

Back in 2010, Li Ka-shing's group bought the grid assets of EDF energy, the UK's power network business, for $9.1 billion.

In October 2012, it completed the acquisition of WWU, a British gas distribution network, for £12.5 billion, and in November of the same year, it acquired Kinrot.

In January 2013, the Austrian company Orange was acquired for 1.3 billion euros, and in August of the same year, the Dutch waste treatment company AVR was acquired for $1.2 billion.

In April 2015, British company Eversholt Rall was acquired for 2.5 billion pounds and Portuguese wind power company Iberwind was acquired for 978 million euros in November of the same year.

In 2018, Changshi bought 5 Broadgate, the headquarters of UBS in London, for 1 billion pounds (about HK $10.54 billion).

In 2019, it bought British telecom giant O2 for 10 billion pounds.

……

According to incomplete statistics, Li Ka-shing has already invested more than HK $400 billion in the UK. The Li family controls about 1x4 of the electricity distribution market, nearly 30% of the natural gas supply market, nearly 7% of the water supply market, more than 40% of the telecommunications market, nearly 1/3 of the British wharf and more than 500000 square meters of land resources.

It is worth mentioning that CK Asset's interim results in 2019 revealed that income for the six months ended June 30 was HK $34.008 billion, up 41 per cent from the same period last year, and profit before revaluation and sale of investment properties was HK $14.045 billion, up 16.38 per cent from the same period last year.

Among them, the overseas investment business is quite profitable.

CK Hutchison evacuated:Only 10% of assets in the mainland and Hong Kong

In early 2015, Changshi and Hutchison Group, owned by the Li Ka-shing family, announced their restructuring as CK Hutchison and CK Asset, respectively. CK Hutchison mainly took over all the non-real estate businesses of the two groups, while CK Asset merged their real estate businesses.

CK Hutchison was listed on the Hong Kong Stock Exchange in 1972 and is one of the earliest listed companies on the Hong Kong Stock Exchange. at present, Victor Li, the actual controller, is the chairman, joint managing director and executive director of the Group.

According to the financial report, as of mid-2019, CK Hutchison's total assets were HK $12192.09, with assets in Hong Kong and the mainland of HK $71.985 billion and HK $65.977 billion respectively, totaling HK $1379.62 ‬ of ‭. Based on this calculation, CK Hutchison's assets in Hong Kong and the mainland accounted for only 11.3 per cent of his total assets. At the end of 2015, CK Hutchison's total assets in Hong Kong and the mainland accounted for 19.21% of his total assets.

At the same time, Li Ka-shing has sold nearly 200 billion yuan in mainland and Hong Kong assets in recent years.