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  • bee March 2015
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Fitzgerald said "the rich are not like you and me" Wine discussion update.

TSP_TransferTSP_Transfer
edited March 2015 in Off-Topic
@DavidMMP said March 7 in Off-Topic
Periodic Table Of Wine
"I came across this holding company which combines factoring, real estate, wine in the Chinese markets.
goldinfinancial"
Update:
https://www.google.com/finance?q=HKG:0530&ei=QB0TVbHSCaPrsQeR3oHICg

http://www.goldinfinancial.com/en
Like Donald Trump before him, China's Pan Sutong is minting a new level of luxury for his country's nouveaux riches.
“I’m not satisfied with three Michelin stars or Robert Parker’s 100 points,” Pan says. “We want to put everything that is high-end into one community, where horses are front and center.” China is minting more millionaires than any other emerging economy, according to the 2013 Asia-Pacific Wealth Report from Capgemini and RBC Wealth Management, which puts their ranks at 643,000, up 14.3 percent from 2012.
Pan is introducing the country’s nouveaux riches to a whole new level of turnkey sophistication.
“He has a certain savoir-faire that differentiates him from people who have only money,” says Winfried Engelbrecht-Bresges, chief executive officer of the Hong Kong Jockey Club. “He wants to create an experience that is not only a property but a lifestyle.”
After five years, he moved to Hong Kong and, with a loan from his family, set up a business dealing in Japanese electronics.
Ten years later, he moved into manufacturing in southern China, eventually commanding 90 percent of China’s production of karaoke monitors through his Matsunichi Communication Holdings Ltd. In 2002, Pan listed the company (since renamed Goldin Properties Holdings Ltd.) on the Hong Kong Stock Exchange.
Five years later, he branched out into real estate when he acquired the Tianjin parcel. As of mid-March, his controlling stakes in Goldin Properties and its sister company, Goldin Financial Holdings Ltd., were worth some $2.8 billion.
http://www.bloomberg.com/news/articles/2014-03-24/billionaire-developer-lures-rich-chinese-to-gated-polo-community

Comments

  • beebee
    I kinda remember the thread and making the connection to Goldin (no offense to your reference to @DavidMMP).

    As I recall, Goldin owns a vineyard in CA and few grapes in France. They are both small footprints, but I wonder if they will serve as conduits for the purpose of local sourcing excess production from these regions for export to China /Asia.

    Article on Pan Sutong:
    billionaire-profile-pan-sutong
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