Thaihot chairman Huang Qisen vowed late last month to double its property sales in 2018 to 200 billion yuan, and the company reveals in its filing on its latest purchase that it has 36 projects planned on a land bank which now sits at some 7.93 million square metres. But it’s land plots in Beijing (above) which appear to be top of his target list. Photo: Reuters

Little-known Fujian developer Thaihot snapping up prime tracts of Beijing land

Fearless acquisition strategy by company’s chairman Huang Qisen has sparked both fear and admiration among industry peers. But its shares have rallied 53pc in the past month despite heightened concern over its debt ratio and cash flow

Topic |   China property

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Thaihot chairman Huang Qisen vowed late last month to double its property sales in 2018 to 200 billion yuan, and the company reveals in its filing on its latest purchase that it has 36 projects planned on a land bank which now sits at some 7.93 million square metres. But it’s land plots in Beijing (above) which appear to be top of his target list. Photo: Reuters
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