Jailed Chinese tycoon bids for British aircraft carrier

Discussion in 'China' started by LETHALFORCE, Jul 13, 2011.

  1. LETHALFORCE

    LETHALFORCE Moderator Moderator

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    Jailed Chinese tycoon bids for British aircraft carrier

    China's former richest man, who is serving a 14-year jail sentence for bribery and insider trading, is bidding for a decommissioned British Royal Navy aircraft carrier, his company said Tuesday.

    Disgraced tycoon Huang Guangyu plans to turn the HMS Ark Royal into an exhibition centre for luxury items.

    Hong Kong-based Eagle Vantage Asset Management bid on Huang's behalf, describing him as "the ultimate beneficiary of the company".

    "Our initial plan is to transform it into a huge mobile exhibition hall, showing upscale appliances and other luxury products and high-end services," Zhao Qiguang, the Eagle executive in charge of the bid, told AFP.

    "We hope we can moor off the coast of Hong Kong or Macau," he added, declining to say what the size of the bid was.

    The winning bid will be announced this month.

    Britain decided to sell off the HMS Ark Royal after 25 years of service as part of its efforts to slash its defence budget and invited bids for the ship.

    Huang, a high school drop-out who founded China's GOME appliance chain, was named China's richest man with an estimated net worth of $6.3 billion by the Hurun Report in October 2008.

    But he was detained a month later and a year ago was jailed, marking a spectacular fall from grace in a case that also ensnared several top Chinese police officials.

    The aircraft carrier is not the first time that Huang has made waves from behind bars.

    Last year, he waged a high-profile war from his cell against company executives, failing in his bid to install his sister and lawyer on GOME's board and to sack the then chairman Chen Xiao.
     
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  3. Parthy

    Parthy Air Warrior Senior Member

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    They may bid for HMS Prince of Wales second AC of Britain's queen class telling that they have plans to convert the AC into Luxury barber shop, as a moving play ground for Chinese checkers and use the CATOBAR as a paragliding platform ... :D
     
  4. sayareakd

    sayareakd Moderator Moderator

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    what is this, Chines wa nt to fool the world for the second time, last one ended up with PLA Navy, this will also have same consequence, better sell it to Indian ship breakers.
     
  5. ace009

    ace009 Freakin' Fighter fan Elite Member

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    I think This is Huangs way of getting back in the graces of CCP. He'll buy the HMS Ark Royal, then sell it to PLAN and get his pardon from CCP. The PLAN will end up with another A/C that they can refurbish and use this decade.
    IN should buy up HMS Prince of Wales before that too ends up in the hands of the Chinese.
     
  6. nimo_cn

    nimo_cn Senior Member Senior Member

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    You are good at telling stories.
     
  7. Rick

    Rick Regular Member

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    I don't think the PLAN will be interested in this old and small AC of Britain.Mainly because PLAN don't have any kind of plane suit for it.Maybe it's better to sell it to India if you guys offer a good price for it.
     
  8. Parthy

    Parthy Air Warrior Senior Member

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    No business tycoon has shown interest and neither bid for the old scrapped AC.. Either, we are not interested in the old AC to learn the AC technology from it. We have a long lasting history in operating the AC which has earned us the skill to build one indigenously..

    Chinese just need it, to learn the art of building an AC for their own and so they go for it... Better you don't give any pointless facts...
     
  9. Godless-Kafir

    Godless-Kafir DFI Buddha Senior Member

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    On July 12, 2011, Eagle Vantage Asset Management, controlled by Mr. Huang, bid on his behalf for the decommissioned British Royal Navy aircraft carrier, HMS Ark Royal. According to reports, the plan is to create the world’s largest buoyant luxury shopping mall.
     
  10. tony4562

    tony4562 Tihar Jail Banned

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    If you truely believe that by operating couple second-hand WWII-era carriers one would gain the insight knowledge to build a modern carrier, then you are deeply mistaken. Besides, India has only a rudimentary shipbuilding industry, her experience in building ships grossing over 10000 tons is very limited. I personally think the indigenous carrier project will turn out to be another case of DRDO(or whatever is assigned to build it) grossly underestimating the complexities of the task. It has already been plagued by problems as basic as obtaining high-grade steel which was to be outsourced from Russia, but now needs to be obtained from somewhere else.

    INS Vikrant was scheduled to join the Indian navy in 2014, but now it looks like it will be lucky to be launched by then.
     
  11. Parthy

    Parthy Air Warrior Senior Member

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    Tony, I never said that PLAN has plan to operate the second-hand WWII era carriers.. I just said that it will help them to resolve problems to plan for a new carrier design indigenous ly.. Please see my below quote

    After all, Chinese are good at reverse engineering, the carrier which was bid this time can be used as just static study for their planned future AC.

    Yes agreed to this point only to certain level.. No country has ever started constructing warships starting from a displacement over 10000tons. We did achieve certain breakthroughs in metallurgy in ship building as part of this AC construction.. Industries were able to succeed in high-grade DMR 249A steel plates which is a low alloy non-magnetic steel used to replace the existing soviet era steel used for all ship building locally..

    It is not only INS Vikrant is hit by delays but at the time of commissioning, we would have certainly learnt the art of building an AC INDIGENOUS ly which is indeed a great achievement that Chinese are yet to reach..
     
  12. badguy2000

    badguy2000 Respected Member Senior Member

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    it is either naive or stupid to believe by operating couple second-hand WWII-era carriers one would gain the insight knowledge to build a modern carrier,
     
  13. Parthy

    Parthy Air Warrior Senior Member

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    Yours been already answered..

    Post - http://defenceforumindia.com/china-...bids-british-aircraft-carrier.html#post288997

     
  14. ace009

    ace009 Freakin' Fighter fan Elite Member

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    Ohhh - I see. I am good at telling stories - and the Chinese are good at copying them ... right? :D
     
  15. Rick

    Rick Regular Member

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    You know, badguy2000 and tony4562, it is pointless here to argue with those Indian nationalist.They just believe only one thing that India is always better than China.Indigenous AC , their russian 5th gen fighter , their democracy, bla bla bla.Why do we bother to convince them to accept the truth? They have their right to believe what they want to believe.And it's no harm for China at all.Just let them be, buddy.
     
    Last edited: Jul 15, 2011

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