26-11-2023, 12:28 AM
HK Land or Jardine view on China property is not the same as Hong Kong/SG property. There is a pipeline of mall/office coming online in China and my understanding is these assets are REITable. Bases on the short lease term in China, it is understandable.
Still, it is a concern that Jardine increased the hiring of outside guns while at the same time increase the talks on creating internal talents. Not sure if anyone has noticed, current Jardine at the top level is managed by accountants which mean Jardine might not the best place for operating guys to come up.
And I agree with ghchua, if the accountants or family does not agree with the asset monetisation, there is no way the operating CEO can do anything and Robert Wong said it before, if he wants his job, HK properties are not REITable or for sale.
Still, it is a concern that Jardine increased the hiring of outside guns while at the same time increase the talks on creating internal talents. Not sure if anyone has noticed, current Jardine at the top level is managed by accountants which mean Jardine might not the best place for operating guys to come up.
And I agree with ghchua, if the accountants or family does not agree with the asset monetisation, there is no way the operating CEO can do anything and Robert Wong said it before, if he wants his job, HK properties are not REITable or for sale.