EFTA02671356.pdf

From: David Stern <-> Sent: Sunday, November 8, 2015 12:02 PM To: Jeffrey Epstein Friend of mine (US$ 10.6 bn according to Forbes) www.forbes.com/profile/hui-=a-yan/ wants to do JV with me for Investments in UK and Europe, mainly residential r=al estate development. So far we discussed London based JV owned 50/50 with yearly budget of min. =A3 3 million underwritten by him. Question is: how to structure investment into deals? His office is saying t=e below. Please help. Thanks! it would be great that we could have a mutually agreed capital structure fo= project engagement. Such as: percentage of Equity ( ?% for Evergrande,? %=for Witan). My idea is ( just for discussion) Evergrande and Witan could be=the GP (general partners) and we are open to LP ( Limited Partners) for our=equity pool, and we also need to set up a risk adjusted range level of Leve=age. ( You will be the best person having the floor here) In China, we also highly leveraged on our projects, since the real estate de=elopment projects are very capital intensified. For Evergrande and Witan have the best usage of the capital and gain the mos= profit from each project, I suggest to use leverage, rather than cash if t=e risk is controllable. And another thing is how we split the return. The main tone is we're really w=uld like the first project with Witan Group could succeed. Anything else is=secondary. Thank you so very much for your timely help and I am looking forward to spea=ing with you again soon! Have a great weekend, Feng 2015-11-07 18:12:51=?xml version=.0" encoding=TF-8"?> <IDOCTYPE plist PUBLIC "-//Apple//DTD PLIST 1.0//EN" "http://www.apple.com/DTDs/PropertyUst-1.0.dtd"> <plist version=.0"> alict> <key>date-last-viewed</key> <integer>0</integer> <key>date-received</key> <integer>1446984142</integer> <key>flags</key> <integer>8590195713</integer> <key>gmail-label-ids</key> <array> <integer>27</integer> <integer>7</integer> </array> <key>remote-id</key> <string>561298</string> </dict> EFTA_R1_01941406 EFTA02671356 </plist> 2 EFTA_R1_01941407 EFTA02671357