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Hui diversified Evergrande, diving into soccer, bottled water, and an amusement park.
Hui’s ambitions did not cease at actual property. He acquired a soccer crew from Guangzhou in 2010, and employed World Cup-winning managers Marcello Lippi and Luiz Felipe Scolari.The crew, known as Guangzhou Evergrande FC, has gained the Asian Soccer Confederation’s Champions League twice — in 2013 and 2015 — and has gotten first place within the Chinese language Tremendous League eight occasions within the final decade. It was additionally the primary Asian membership to be listed for an IPO in China in 2015, however has lately been hit with losses and plans to delist itself, reported Bloomberg. Earlier this 12 months, it additionally tried to distance itself from Evergrande by eradicating the corporate’s title from its title. Evergrande has additionally made forays into the bottled water market, and owns a 49% stake in Evergrande Spring, which sells water in 500,000 places round China, in keeping with its 2020 annual report.Amongst its different investments, together with stakes in tourism, healthcare, and finance, it is constructing an amusement park that Hui mentioned in Evergrande’s report combines “bodily amusement and on-line leisure.” Known as Evergrande Fairyland, it is meant to cater to youngsters beneath 15.
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