The E. Wong Corporation announced its separation through a statement addressed to the Superintendency of the Securities Market (SMV). The company, made up of brothers Eduardo, Efraín, Eric, Erasmo and Edgardo Wong Lu Veg, announced the decision of the family group and has requested that a public offer be made to acquire some of the agro-industrial companies.
According to the document, the five brothers “have stopped acting in a coordinated and concerted manner.” In addition, it is specified that as of the date, exclusive control of, among other assets, the participation that Barroco SA and Río Pativilca SA had in Andahuasi in favor of Erasmo Wong, and in Paramonga and Ingenio in favor of Edgardo Wong, has been allocated. .
The business group is present in various economic sectors, such as agriculture, sugar, timber, construction, retail, financial, media, bookstores and timber. In this note we tell you which companies make it up.
What are the companies that make up the E. Wong Corporation?
In sector industria, There is Agroindustrial Paramonga, Andahuasi and El Ingenio sugar company. These three are dedicated to the production of sugar cane and other related businesses. This item is also made up of the company Maderacre, which produces Peruvian wood.
On retail, there are the Plaza Norte and Mall del Sur shopping centers, which have been operating since 2009 and 2016, respectively. Another area in which this group has interference is Culture, through the Entre Pages bookstore and the Plaza Norte theater.
Also, in transport Expomotor and the Gran Terminal Terrestre Plaza Norte are listed. The latter contains more than 70 transport companies and is one of the main land ports in Peru.
Regarding the item inmobiliario, Gelan SA e iReal Estate Element are part of the E. Wong Corporation. The first is dedicated to selling homes. For its part, Real Estate Element provides architecture, building construction and civil engineering services.
The family group also ventured into the financial and telecommunications fields. In finance, there is Caja Prymera, while in communication companies it appears Willax, television channel opened in 2010.
Finally, gastronomy and its related businesses are also of interest to this family of entrepreneurs, since they have created the companies Mediterráneo, Panetería, Flora y Fauna, and Don Buffet.
Equity imbalance
The wong brothers they have not been free from judicial investigations. Last October, the Public Ministry issued an accounting report on the finances of Erasmo, Eric and Efraín Wong Lu Vega. The expert opinion revealed an equity imbalance in the income of the then members of the E. Wong Corporation.
Erasmo, Eric and Efraín were identified with a capital deficit of S / 35 million, S / 3 million and S / 77.8 million, respectively. The court document is part of an investigation into the alleged crime of money laundering during 2007 and 2009.
Faced with the accusations, Efraín Wong assured that there is no imbalance and that the accusations against him and his brothers are due to a dispute over the Andahuasi sugar company. “This process has been going on for many years and, unfortunately, despite having reliably demonstrated that there is no imbalance, the judges and prosecutors have not resolved anything to date, a fact that is conveniently used today,” said the businessman at the time. .
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Kingston is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
