{"id":114579,"date":"2020-02-27T15:44:10","date_gmt":"2020-02-27T08:44:10","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/billionaire-peter-woo-to-take-wheelock-private-handing-hk16-5-billion-value-windfall-to-shareholders\/"},"modified":"2020-02-27T16:02:59","modified_gmt":"2020-02-27T09:02:59","slug":"billionaire-peter-woo-to-take-wheelock-private-handing-hk16-5-billion-value-windfall-to-shareholders","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/billionaire-peter-woo-to-take-wheelock-private-handing-hk16-5-billion-value-windfall-to-shareholders\/","title":{"rendered":"Billionaire Peter Woo to take Wheelock private, handing HK$16.5 billion value windfall to shareholders"},"content":{"rendered":"


\nHong Kong billionaire Peter Woo Kwong-ching is taking his flagship Wheelock & Co property empire private through a two-step transaction, handing investors a HK$16.5 billion (US$2.1 billion) windfall. Its shares jumped to an all-time high. Wheelock will distribute its equity holdings in the two Wharf entities had a combined market value of HK$123.7 billion based on their stock prices before trading was halted on Monday for the announcement, before a take-private offer from the tycoon. That\u2026
\n
\nSource : South China Morning Post
\nRead more…Billionaire Peter Woo to take Wheelock private, handing HK.5 billion value windfall to shareholders<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong billionaire Peter Woo Kwong-ching is taking his flagship Wheelock & Co property empire...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-114579","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-tO3","jetpack-related-posts":[{"id":82500,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wheelock-eyes-hnas-last-kai-tak-plot-even-as-it-posts-a-1-5pc-rise-in-2017-core-profit\/","url_meta":{"origin":114579,"position":0},"title":"Wheelock eyes HNA\u2019s last Kai Tak plot even as it posts a 1.5pc rise in 2017 core profit","date":"March 12, 2018","format":false,"excerpt":"\r Wheelock and Co, which pulled in HK$6.4 billion (US$816 million) in property sales over the weekend, said on the Monday that it is interested in HNA Group\u2019s last residential site in Kai Tak should the debt-laden Chinese conglomerate put it up for sale. The company bought a similar site\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121140,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wheelock-properties-wins-kwu-tung-residential-land-tender-with-us540-million-bid\/","url_meta":{"origin":114579,"position":1},"title":"Wheelock Properties wins Kwu Tung residential land tender with US$540 million bid","date":"July 29, 2021","format":false,"excerpt":"\r A residential site in one of the least developed areas of Hong Kong was sold for higher than market expectations to Wheelock Properties on Wednesday.Wheelock won the parcel in Kwu Tung in the northern New Territories for HK$4.19 billion (US$540 million), some 7.4 per cent more than the top\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104939,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wheelock-sets-a-conservative-sales-target-of-hk10-billion-this-year-after-reporting-9-per-cent-rise-in-core-profit\/","url_meta":{"origin":114579,"position":2},"title":"Wheelock sets a \u2018conservative\u2019 sales target of HK$10 billion this year after reporting 9 per cent rise in core profit","date":"March 12, 2019","format":false,"excerpt":"\r Wheelock and Co, which invests in property, hotels and logistics, set a conservative sales target of about HK$10 billion (US$1.27 billion) for this year after the group reported a modest gain in core profit for last year.Underlying profit, excluding revaluation gains on investment properties, amounted to HK$13.2 billion (US$1.69\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7454,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wheelock-co-2015-profit-rises-31pc-to-hk10-6b\/","url_meta":{"origin":114579,"position":3},"title":"Wheelock & Co 2015 profit rises 31pc to HK$10.6b","date":"March 10, 2016","format":false,"excerpt":"\r Property and logistics conglomerate Wheelock & Co said core profit increased 31 per cent to HK$10.59 billion last year due to higher property development sales and resilient rental revenue.\r \r Source : South China Morning Post\r Read more...Wheelock & Co 2015 profit rises 31pc to HK.6b","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7430,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wheelock-co-core-profit-up-31-per-cent\/","url_meta":{"origin":114579,"position":4},"title":"Wheelock & Co core profit up 31 per cent","date":"March 10, 2016","format":false,"excerpt":"\r Property and logistics conglomerate Wheelock & Co says core profit increased 31 per cent to HK$10.59 billion last year due to higher property development sales and resilient rental revenue. Turnover rose 40.24 per cent to HK$57.43 billion.\r \r Source : South China Morning Post\r Read more...Wheelock & Co core\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103565,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/exclusive-hna-will-sell-its-last-kai-tak-parcel-to-wheelock-for-hk7-44-billion\/","url_meta":{"origin":114579,"position":5},"title":"Exclusive: HNA will sell its last Kai Tak parcel to Wheelock for HK$7.44 billion","date":"February 1, 2019","format":false,"excerpt":"\r HNA Group will sell its last plot of development land at Hong Kong\u2019s former Kai Tak airport site to Hong Kong developer Wheelock & Co, as the one-time high-flying Chinese conglomerate rushes to sell assets to repay debts. The listed unit of the Hainan-based company, Hong Kong International Construction\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/114579"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=114579"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/114579\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=114579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=114579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=114579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}