Lin Zifeng (businessman)
Lin Tsz‑fung (Hugo Lin Tsz‑fung) is a Hong Kong businessman and veteran investor. He is a co‑founder, Chairman of the Board and Executive Director of 優品360[1]; a member of the 11th Committee of Qinghai Province of the Chinese People’s Political Consultative Conference; a director of the Hong Kong Fujian Hope Project Foundation; permanent honorary chairman of the Hong Kong Fujian Association Federation Limited; and vice‑chairman of the Hong Kong Jinjiang Association Federation.
Personal background
Lin is a native of Fujian. At age 17 he emigrated with his mother to Hong Kong to join his father. His family was poor and he initially did not speak Cantonese, which he had to learn in order to integrate into local society.[2]
In the 1980s he lived with his parents in a subdivided flat in Chai Wan of less than 100 sq ft. To earn extra income, he worked long hours as a street hawker, enduring many setbacks without giving up. Driven by a strong belief that he “must go into business,” he built several successful brands including 優品360, FoodVille and Union, operating chain shoe shops, snack stores, food factories, dim sum outlets and restaurants across Hong Kong.[2]
Property investments
In recent years Lin has been active in property investment and development. He acquired multiple former properties of The Link REIT, becoming Hong Kong’s third‑largest private owner of estate shopping centres after The Link and Gaw Capital. His holdings are managed by his company Ko Shi Wai (Holdings) Company Limited.
In 2014 he purchased Tseung Kwan O’s Chui Lam Shopping Centre for HK$650 million; Sheung Shui’s Tin Ping Shopping Centre for HK$543.88 million; Aberdeen’s Wah Kwai Shopping Centre for HK$518 million; Tuen Mun’s Siu Lun Shopping Centre for HK$318 million; Lam Tin’s Hing Tin Shopping Centre for HK$210 million; and Shau Kei Wan’s Tung Hei Court shops and car park for HK$70 million.[3][4][5][6]
In 2015 he paid HK$110 million for shops and car parks at Fung Wah Estate, Chai Wan.[7]
In 2016 he acquired Cheung Hong Shopping Centre in Tsing Yi for HK$1.155 billion and Yuen Long’s Yuen Tun Tong Shopping Centre for HK$810 million.[8][9]
In 2021 he sold Shek Wai Kok Shopping Centre in Tsuen Wan and On Yam Shopping Centre in Kwai Chung for HK$1.3 billion.[10]
He and partner Cheng Bing‑zhi sold their entire floors of Central Plaza in March 2019 for HK$430 million profit.[11]
Notable assets
- Wah Kwai Shopping Centre
- Tung Hei Court shops & car park
- Chui Lam New Town
- Tin Ping New Town
- Siu Lun Shopping Centre
- Fung Wah Estate shops & car park
- Cheung Hong Shopping Centre
- Shek Wai Kok New Town
- On Yam New Town
References
- ↑ https://zh.wikipedia.org/wiki/%E6%9E%97%E5%AD%90%E5%B3%B0_(%E5%95%86%E4%BA%BA)#cite_ref-1
- ↑ 2.0 2.1 https://zh.wikipedia.org/wiki/%E6%9E%97%E5%AD%90%E5%B3%B0_(%E5%95%86%E4%BA%BA)#cite_ref-stheadline-190517_2-0
- ↑ https://zh.wikipedia.org/wiki/%E6%9E%97%E5%AD%90%E5%B3%B0_(%E5%95%86%E4%BA%BA)#cite_ref-3
- ↑ https://zh.wikipedia.org/wiki/%E6%9E%97%E5%AD%90%E5%B3%B0_(%E5%95%86%E4%BA%BA)#cite_ref-4
- ↑ https://zh.wikipedia.org/wiki/%E6%9E%97%E5%AD%90%E5%B3%B0_(%E5%95%86%E4%BA%BA)#cite_ref-5
- ↑ https://zh.wikipedia.org/wiki/%E6%9E%97%E5%AD%90%E5%B3%B0_(%E5%95%86%E4%BA%BA)#cite_ref-6
- ↑ https://zh.wikipedia.org/wiki/%E6%9E%97%E5%AD%90%E5%B3%B0_(%E5%95%86%E4%BA%BA)#cite_ref-7
- ↑ https://zh.wikipedia.org/wiki/%E6%9E%97%E5%AD%90%E5%B3%B0_(%E5%95%86%E4%BA%BA)#cite_ref-8
- ↑ https://zh.wikipedia.org/wiki/%E6%9E%97%E5%AD%90%E5%B3%B0_(%E5%95%86%E4%BA%BA)#cite_ref-9
- ↑ https://zh.wikipedia.org/wiki/%E6%9E%97%E5%AD%90%E5%B3%B0_(%E5%95%86%E4%BA%BA)#cite_ref-10
- ↑ https://zh.wikipedia.org/wiki/%E6%9E%97%E5%AD%90%E5%B3%B0_(%E5%95%86%E4%BA%BA)#cite_ref-11