- Xu Rongmao
name = XU Rongmao
birth_date = 1950
birth_place = flagicon|PRC
Shishi, Fujian, PRC
occupation = Founder &
networth = profitUS$7.03 billion (2007) [ [http://money.163.com/special/00252E12/forbes2007_all.html 福布斯2007年中国富豪榜_网易财经 ] ]
Xu Rongmao, JP (
Traditional Chinese: 許榮茂; Simplified Chinese: 许荣茂) (born in Shishi, Fujian, Chinain 1950), Hui Wing Mau in Cantonese translation, is the Chinese entrepreneurand billionaire, and the founderand the chairmanof Shimao Property, one of the largest property developerin Shanghai.
Xu grew up in Fujian Province, the oldest of the eight
children. After graduating from high schoolduring the Cultural Revolutionin the 1960s, he was sent to the countryside to work as a barefoot doctor. In the 1970s, he emigratedto Hong Kongand worked as a textileworker.
1988, he claimed to invest RMB$1.2 millionin a knitting factoryin his hometown, but he intended to build a hotelinstead, although investments in privatehotels were forbidden at that time. However, as soon as the construction was completed, the government policy was changed to allow private owners to have their hotels. Then Xu became the owner of the first private three-star hotel in China. He then started to invest into developing residentialcomplexes and resortsin Fujian.
1990s, he pushed his real estatebusiness into Beijingand Shanghai just before housing prices rose up.
2000s, he expanded his business by acquiring listed companiesand changing their names. They are Shimao Holdings (listed on the Shanghai Stock Exchange) and Shimao International (previously listed on the Hong Kong Stock Exchange), while the latter was privatizedby him in 2007. [ [http://notice.singtao.com/ADMA/00813/epdf/813.pdf MAJOR AND CONECTED TRANSACTION] ] His third company, Shimao Property, was listed on the Hong Kong Stock Exchange in 2006.
[ [http://www.nytimes.com/2005/12/29/business/worldbusiness/29titans.html?pagewanted=all Billionaire Builder of China] ]
14 September 2008it was rumoured he was interested in buying Newcastle United from under fire owner Mike Ashley. [ [http://www.dailymail.co.uk/sport/football/article-1055615/EXCLUSIVE-Newcastle-sale--fans-protest-Ashley-slump-defeat.html Newcastle up for sale] ]
* [http://www.shimaogroup.com/ Shimao Group]
* [http://www.shimaoproperty.com/en/ Shimao Property]
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Shimao Property — Infobox Company company name = Shimao Property Holdings Limited 世茂房地产集团控股有限公司 company company type = Privately held company genre = foundation = 2001 founder = Mr. Xu Rongmao location city = flagicon|China Shanghai location country = China… … Wikipedia
Radikal 153 — 豸 152◄ 153 ►154 Pinyin: zhì (= Katze) Zhuyin: ㄓˋ Hiragana: むじな mujina … Deutsch Wikipedia