Hui Wing Mau Net Worth is4,000 $Million
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Birth Date: 1950
Birth Place: PRC Shishi City, Fujian Province, People's Republic of China
Occupation: Founder & Chairman of Shimao Property
Networth: date
SHORT DESCRIPTION: Chinese businessman
PLACE OF BIRTH: Shishi City, Fujian Province, People's Republic of China
Xu Rongmao, JP (Traditional Chinese: e??ae?(R)e??; Simplified Chinese: e(R),e??e??) (born in Shishi, Fujian, China in 1950), Hui Wing Mau in Cantonese translation, is the Chinese entrepreneur and billionaire, and the founder and the chairman of Shimao Property, one of the largest property developer in Shanghai.
Xu grew up in Fujian Province, the oldest of the eight children. After graduating from high school during the Cultural Revolution in the 1960s, he was sent to the countryside to work as a barefoot doctor. In the 1970s, he emigrated to Hong Kong and worked as a textile worker.
In 1988, he claimed to invest RMB$1.2 million in a knitting factory in his hometown, but he intended to build a hotel instead, although investments in private hotels 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 residential complexes and resorts in Fujian.
In the 1990s, he pushed his real estate business into Beijing and Shanghai just before housing prices rose up.
In the 2000s (decade), he expanded his business by acquiring listed companies and 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 privatized by him in 2007. His third company, Shimao Property, was listed on the Hong Kong Stock Exchange in 2006.

On 14 September 2008, it was rumoured he was interested in buying Newcastle United from under fire owner Mike Ashley.

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Hui Wing Mau Latest News

Harold Mitchell on selling pastoral dream to Chinese billionaire Hui Wing Mau

Advertising doyen and Crown Resorts director Harold Mitchell says the sale of his burgeoning cattle station empire to China's 33rd richest person, Hui Wing Mau, is symbolic of how that country's business elite recognise future values for Australian property.
Posted: October 25, 2017, 5:00 pm

Shimao Property : Announcement pursuant to Rule 13.18 of the Listing Rules

As at the date of this announcement, Mr. Hui Wing Mau ("Mr. Hui") beneficially owns approximately 67.88% of the issued share capital of the Company and is the controlling shareholder of the Company within the meaning of the Listing Rules. As provided in ...
Posted: October 30, 2017, 4:33 am

Hong Kong billionaire Hui Wing Mau buys majority stake in Bindaree Beef

NSW beef processor Bindaree Beef Group has had another crack at securing a Chinese investment partner - this time successfully. Bindaree Beef has sold a 51 per cent stake in the company to the Hong Kong-based Hui family and the Hui-backed Archstone ...
Posted: August 31, 2017, 9:45 pm
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