New World China Land 0917

Make 200+% profit by being a son-in-law of Cheng Yu-tung, the controlling shareholder of a publicly listed company.

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A mainland appraiser put the value at 6.6 billion yuan (HK$7.49 billion). Doo is selling it for 5.8 billion yuan.

Doo, who initially held 30 per cent of the project, bought the remaining 70 per cent through two separate deals from New World in December last year and June for a total of 1.3 billion yuan. New World valued the project at about 1.9 billion yuan, although an independent appraiser put the value at 4.5 billion yuan in December and raised it to 5.2 billion yuan six months later. New World did not explain why it had chosen not to price the project according to the independent appraisal.

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Verdict: avoid even if New World was the only listed stock on the market available for investment - spend your money on beer instead.