2004 China Rich List
Liu Han, Liu Canglong (cousins) - 2004 China Rich List:No.54
| 2004 wealth (US m): |
215 |
| 2003 wealth (US m): |
145 |
| age: | 40 & 50 |
| birthplace: | Shifang, Sichuan, Not known |
| company: | Hanlong Group and Hongda Group |
| head office: | Sichuan |
| industry: | Investments, real estate, chemicals |
| listing: | Shanghai – 600331 Hongda Chemical Industry (December 2001), Shenzhen – 000510 Sichuan Jinlu Group (January 2003) |
| personal info: | The news this year has been Hanlong’s announcement of a large-scale investment program into a Sichuan hydroelectric plant and Hongda’s continued consolidation of its chemical, fertilizer and mining business. Liu Han made his first big break in 1995 playing China’s unregulated futures’ markets, dabbling next with trading, entertainment and the young stock exchange. Liu Canglong started out as head of a fertilizer business, which he successfully grew over the years and restructured in 1998. With sales last year of US$350 million (2002: US$490 million) and paying taxes of US$1.3 million, Hongda has 12,250 employees. Today, Liu Han has interests that span real estate, infrastructure, power and tourism. Hanlong had sales last year of US$130 million and paid taxes of US$24 million for the last three years running. Although the cousins have technically two separate companies, we have valued them together because of their cross shareholding structure. |
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