In the list of global business women just published by Fortune magazine, Chinese-American women shine brilliantly, among which business women from Chinese mainland have made great achievements. After two people entered the top 50 last year, the number of people entering the list has increased to four. There are also two female entrepreneurs from mainland China and Hongkong, which is the same as last year.
Among them, Xie Qihua, the second-ranked chairman and general manager of Shanghai Baosteel Group, ranked the highest. She ranked 16 in last year's list of strong women.
He Chaoqiong, ranked 49th this year, is the managing director and executive director of Shun Tak Group.
MGM China recently went public in Hong Kong. According to the first day's quotation, its chairman, He Chaoqiong, is worth $3.634 billion, surpassing his father, Mr. Stanley Ho, the gambling king.
He Chaoqiong's worth far exceeds the "gambling king"
MGM China officially landed on the Hong Kong Stock Exchange on June 3, with an issue price of HK$ 15.34 per share, an opening price of HK$ 16. 18 and a closing price of HK$ 15.62, a decrease of 3.46%, and the highest intraday price of HK$ 16.26.
According to the closing price, the market value of the shares held by Chairman and Executive Director He Chaoqiong of MGM China has reached HK$ 65.438+05.433 billion. During the reorganization of MGM China, she sold 65.438+04% of the shares, realizing HK$ 65.438+0285 billion. He Chaoqiong's net worth has reached HK$ 28.283 billion, exceeding US$ 3.6 billion, surpassing his father Stanley Ho, the gambling king of Macau. The latter is worth 3 1 100 million dollars.
According to Reuters, if her shares in Shun Tak Group and SJM Holdings are included, her total assets may reach $5 billion.
The return on investment in MGM is 18 times.
He Chaoqiong, aged 49, is the eldest daughter of Mr. Ho's second wife. She has been in charge of Shun Tak Group since she was in her thirties, and her leadership and business ability have surpassed other brothers and sisters. She has always been regarded as Stanley Ho's successor. This can also be seen from her investment in MGM China.
It is reported that her initial investment in MGM China in 2005 was about US$ 80 million, and its return rate after this listing exceeded 18 times.
For MGM's share price performance on the day of listing, He Chaoqiong himself has repeatedly expressed great satisfaction.
MGM China is a joint venture company of American gambling giant MGM in Macau. MGM China was formerly known as MGM Super Palace, and He Chaoqiong and MGM Resort held 50% shares respectively. The company was reorganized before listing, and MGM China was established, which was wholly owned by MGM Jin Dian. After the reorganization, the shareholding ratio of MGM Resort increased to 565,438+0%, and the shareholding ratio of He Chaoqiong in MGM China decreased from 50% to about 36%. After listing, its equity will be further diluted to 26%.
He Chaoqiong said after attending the listing ceremony that there is no plan to continue to reduce the existing shares. In view of the gambling regulations in Macau, he will not participate in other gambling fields except MGM China in the future.
It is worth noting that He Chaoqiong's participation is crucial to MGM's future development in Macau. Because she has extensive government and regulatory relations. Some analysts said that she will definitely not leave in the short term.
An analyst involved in MGM's listing also told Reuters that the investment would be of great benefit to her. From this perspective alone, she is unlikely to quit completely.
MGM China IPO is sought after.
Due to the rapid growth of gambling revenue in Macau in the past six months, MGM China IPO has also been enthusiastically sought after by investors. According to media reports, MGM China's public offering was oversubscribed by 65,438+09 times. Billionaire Paulson and the hedge fund owned by Sun Hung Kai Properties are its staunch investors.
According to the statistics released by the Macao government in early May, the gaming revenue in Macao reached US$ 2.56 billion in May, a year-on-year increase of 45%. Macau's gambling revenue of 20 1 1 is expected to reach five times that of Las Vegas Strip.
Credit Suisse Group recently released a research report, giving MGM China a neutral investment rating with a target price of HK$ 65,438+07.5. The report also pointed out that with the improvement of the utilization rate of gambling tables and the increase of the number of VIP rooms, MGM China is expected to achieve a strong growth in EBITDA (pre-tax profit) this year, with an annual growth rate of 565,438+0%, which is 39% higher than the industry average.