In early June, Typhoon Marie struck, killing more than 40 people and injuring 15,000 people in Hong Kong. The typhoon was classified as a 'hurricane' by Hong Kong meteorological officials.
After the typhoon, it was natural to resume production quickly. Lin Zhichao immediately inspected the industries of each of his companies. Generally speaking, the impact was not significant.
Those affected are almost all poor areas, such as the New Territories. The reality is that the poorer you are, the more trouble will come to you. Casualties also come from the poor. After all, the houses they live in are not reliable, and the poorer they are, the more likely they are to work against the wind.
Cheung Kong Holdings' office.
Huang Changhonghui reported: "Boss, we have made arrangements. In about a week, normal construction can resume at all our sites."
Lin Zhichao added: "Well, the bamboo scaffolding must be inspected to avoid leaving any hidden dangers."
Huang Changhong said seriously: "Yes, I have already informed the project leaders. Managers Li and Lu are inspecting the site."
Lin Zhichao was relieved. After all, his subordinates were very capable, so he didn't need to worry too much.
At present, the Crocodile T-shirt Building is affiliated to Uniqlo Clothing Company; while the only completed commercial projects of Cheung Kong Industries are Yingzhi Building, Sing Tao Daimaru Department Store, and some first-floor shops in residential buildings. The annual rental profits of these projects can be Reaching just over 4 million.
However, three commercial projects will be completed next year - Miramar Hotel Group, Poly Building, and Global Tower. By then, rents will increase significantly; even if there are no real estate projects to develop, the scale of Cheung Kong Holdings is still large enough.
There are also commercial projects on Paterson Street, which are expected to open in early 1962, and rents will increase again by then.
Then, Lin Zhichao said: "The company's funds should be very sufficient, right?"
Huang Changhong nodded and said: "For the Paterson Street site in Causeway Bay, we adopted a new model and sold out more than 600 residential units, with a capital of HK$24 million. The Bank of East Asia has to settle all of it with us. So the capital is very high. There is enough supply, and the site at 71 Des Voeux Road Central is just in time to start."
Speaking of this, Huang Changhong became energetic. He did not expect that his boss would take a new initiative to transfer the risk to the bank.
Lin Zhichao nodded. This property was developed in cooperation with the Bank of East Asia. However, in order to reduce risks, the Bank of East Asia required a down payment ratio of 50% and a term of only two years.
In fact, Jian Dongpu also knew that Lin Zhichao still had hundreds of millions of Hong Kong dollars deposited in the Bank of East Asia, which was enough for the Bank of East Asia to take this risk.
At present, banks such as HSBC, Standard Chartered, and Hang Seng have begun to study this kind of bank loan model and are preparing to enter the market. After all, this loan model is actually less risky than lending to business owners, and more importantly, it attracts customers.
"Well, let's start construction on No. 71 Des Voeux Road Central! This building is called - Midea Building."
Huang Changhong was stunned. He seemed to remember that Midea Electrical Appliances was an industry owned by his boss, but it only produced radios. It was just a small, low-level company.
So, he said: "Cheung Kong Industries doesn't have a headquarters building yet. Boss, should you consider it?"
Lin Zhichao smiled and said: "Don't worry, which Chinese real estate company have you seen with a headquarters building? What's more, if the Cheung Kong Group really needs a headquarters building, it must be a first-class super building in Hong Kong, covering an area of 50,000 square meters. A skyscraper like this is truly meaningful if it is over 50 feet tall and has a height of more than 50 stories.”
Huang Changhong suddenly realized it and said: "It turns out that the boss thinks this way. It's because I have low expectations!"
Lin Zhichao said with a smile: "It's not that you have low vision, but Hong Kong's real estate has not ushered in a real boom. Only when Hong Kong's economy develops will Hong Kong's real estate really explode. Therefore, we must accumulate more strength and lay a solid foundation." Just the basics!”
Huang Changhong suddenly said excitedly: "Okay!"
With a boss like this, you can hear exciting goals at any time.
A week later, Lin Zhichao attended the official land auction and saw Li Jiacheng in a corner.
He was silent, as if he was a follower or a spectator, and was unusually inconspicuous in the entire auction house. Lin Zhichao was immediately amused. As expected, Li Jiacheng deliberately hid in the corner with the intention of picking up the leaks.
Generally speaking, real estate developers like Lin Zhichao are more or less likely to be bid up by others; on the contrary, some unknown people sometimes auction land, but no one bids up the price.
Lin Zhichao knew what he was doing, but he had no intention of squeezing Li Jiacheng again. After all, at this time, Li Jiacheng had a few hundred people working in the plastic factory area and an annual profit of more than one million Hong Kong dollars, so there was no threat at all.
So, let him go today.
"Lin Sheng, what are you looking at? Zhang Yuhao doesn't seem to be here today!"
Just when Lin Zhichao was paying attention, Liao Baoshan's joke came from beside him.
Lin Zhichao turned around and immediately said with a smile: "Zhang Yuliang is not here, but you, the king of Xihuan, are here. It seems that my wallet will be a lot less today."
Liao Baoshan was very happy to be recognized by Lin Zhichao. After all, this was a symbol of her strength.
"Look what you said, no matter who I compete with, I won't compete with you. I'm just here to join in the fun today and grab a real estate project if I have the chance. Haha!"
There was a hint of 'arrogance' in the laughter, not arrogance in front of Lin Zhichao, but a 'contempt' towards other opponents.
Liao Baoshan's assets are almost 100 million. In 1959 (last year), he successively bought the Junjin, Junli, Xiangfa, Wingfa, Sihe, Chengchang and other warehouses in the Western District, and razed them all to the ground. , and began to erect a concrete forest (stone = concrete). Coinciding with the expansion of roads in Western District and the development of bus lines, property prices in Western District have increased faster than those in Causeway Bay, and profits are rolling in.
At this time, Hong Kong real estate developers were divided into another level, and the largest Chinese real estate developers were Cheung Kong Holdings and Liao Chuangxing Real Estate. As for Jinxing Real Estate, it is currently being held back by Changjiang Real Estate. Many people think that the Zhang Yuliang family will suffer from this. Among the remaining real estate developers, Feipingtai, Chen Detai, Peng Guozhen, Ma Jincan, Li Gaofu, etc. are considered to be in the second echelon.
The current supply of residential buildings in Hong Kong is about 10,000 to 12,000 units per year, and this figure is still growing. It is expected that before the bank run crisis (1965), it will reach more than 15,000 units per year.
"That's fair competition! However, Liao Sheng has been in great demand recently. He is both a bank tycoon and a real estate tycoon. Now you are the most incompetent among Chaoshan businessmen!"
"Don't dare, don't dare. There are many businessmen from Chaoshan! By the way, Lin Sheng, the branch of Liao Chong Hing Bank will open in Sham Shui Po this month. Please come and enjoy it!"
"No problem, I happen to be in Hong Kong and I will definitely come!"
I have been dating Liao Baoshan for more than ten years. No matter what opening or construction is started, Lin Zhichao will always come if invited. Although Lin Zhichao has a higher status now, he will naturally give this face.
After a while, after greeting a few familiar people, the auction officially began.
In the past few years, the pancake boy has disappeared. After all, the Hong Kong government was anxious to arrest people.
Nowadays, the land auctioned by the Hong Kong government amounts to hundreds of millions of Hong Kong dollars every year, which is the main source of government revenue. Anyone who dares to get into trouble again will definitely be investigated by the Hong Kong government.
At the next auction, the Li family got their wish and bought an industrial land in Kwun Tong, covering an area of 21,000 square feet, at only about HK$80 per square foot.
Lin Zhichao also took photos of a 58,000-square-foot land in North Point and a 39,000-square-foot land in Mid-Levels, Causeway Bay. Among them, land in North Point costs almost HK$110 per square foot, while land in Mid-Levels in Causeway Bay costs HK$120 per square foot.
It is worth mentioning that although the land in the mid-levels of Causeway Bay is for luxury homes, it requires superb technology to solve construction problems.
As for this technology, Lin Zhichao is confident that it is the 'caisson technology', which can solve the foundation problem of building high-rise buildings in the middle of the mountain.
After spending tens of millions of Hong Kong dollars in one go, Lin Zhichao felt very comfortable.
"Li Sheng, congratulations, I didn't expect you to also plan to enter the real estate industry!" Lin Zhichao specially greeted Li Jiacheng.
Li Jiacheng was immediately flattered, but he finally got what he wanted today, winning an industrial land, and the funds did not exceed the standard, so he was in a good mood.
"Thank you Lin Sheng for showing mercy!" Li Jiacheng said modestly.
Just now, he noticed that Lin Zhichao was looking at him, and he was in a bad mood. After all, it felt bad to be targeted by a big boss; however, Lin Zhichao did not bid for the land in his hands at all.
Anyway, he was very grateful. Today he auctioned this piece of land. If it looked like a big boss, it would be possible for 2 million. Unexpectedly, he won it for only 1.7 million.
"You're welcome. I've already made enough use of the industrial building in Kwun Tong and won't invest in it at all. By the way, you and Liao Sheng should know each other, right?"
Liao Baoshan immediately said: "We have met several times, but I am also surprised that Cheng actually invests in real estate. This is a good thing!"
Li Jiacheng said quickly: "Sheng Liao, I just plan to invest in a factory building, which can be used for my own use or rented out. Not counting entering the real estate industry, you are the real estate boss of our Chaoshan businessmen." After speaking, there was a trace of light in his eyes. worship.
Liao Baoshan immediately said happily: "Ah Cheng, thank you! In front of Lin Sheng, we are all students!"
A few people gathered together to chat, and immediately attracted a lot of attention. Everyone was curious about what kind of person Li Jiacheng was, and he actually attracted the attention of the big boss.
Lin Zhichao acted like a good guy at this time and said to Li Jiacheng: "It is right to invest in industrial buildings. Plastic flowers have been popular for six or seven years, and many European and American families already feel that they are outdated. Investing in industrial buildings can at least stabilize rent collection."
Li Jiacheng suddenly felt light and airy, and said quickly: "Lin Sheng can just call me Acheng. I have gained a lot from your guidance today."
Ah Cheng?
You are a month older than me!
"Haha, Cheng is so humble! If you don't have friends in the construction industry, you can ask my Poly Construction company to give you a quote. The quality of the construction is guaranteed and the efficiency is high. You will be able to collect rent in the second half of next year. "
Naturally, Li Jiacheng quickly handed over his business card, and Lin Zhichao accepted it and said that someone would call him later.
"Lin Sheng, are you very optimistic about this person?" Liao Baoshan asked curiously after Li Jiacheng took the initiative to leave.
Lin Zhichao nodded and said: "I know him somewhat! When we developed the plastic cup, he developed it soon after; we developed the two-color plastic flower, and he also developed it shortly after. He is a very capable person. And as far as I know As far as we know, his annual profit from plastic flowers is only over HK$1 million, yet he dares to invest in industrial buildings. In this aspect, he surpasses 90% of factory owners in Hong Kong."
Liao Baoshan suddenly felt that Lin Zhichao's ability to recognize people was really vicious.
He hadn't yet realized how big a prospect Li Jiacheng would have, but now that he heard what Lin Zhichao said, he, a fellow from Chaoshan, seemed to have a bright future, and he could start dating later.
After they separated, Lin Zhichao got into his car and drove towards the office building.
He did not support Li Jiacheng, at most he offered a few words of encouragement.
Of course, as Lin Zhichao's career is huge, he no longer considers whether the rise of Li Jiacheng and Bao Yugang will affect him. Now his real opponents are only those British-owned foreign companies and competitors on the world stage.
Huang Changhong walked into Lin Zhichao's office and reported: "Boss, the Hong Kong government has decided to publicly bid for the mining rights of the Anderson Daya Quarry in August."
Lin Zhichao suddenly became more energetic. Since he is engaged in real estate, he must build the entire industry chain. In his previous life, Li Jiacheng also controlled Hong Kong's cement and quarry production; while Lin Zhichao plans to control Hong Kong's quarry, cement, and steel. This is just The layout of real estate raw materials.
In addition to the layout of raw materials, infrastructure, construction, financial companies, agency companies, etc. will naturally develop in the future, and there may be dozens of branches.
"What is the current situation of Hong Kong's quarry industry? What is the situation of the Anderson Daya quarry?"
Huang Changhong secretly thought, fortunately, he was well prepared in advance. If he came to report in a hurry and couldn't answer the boss's questions, it would be a shame.
"Anderson Daya Minerals can provide at least one-third of Hong Kong's needs. At the same time, after this mine is put into use, the Hong Kong government will gradually close some small mines near the urban area."
After listening to this, Lin Zhichao said: "In this case, the price of this mine will be as high as about 150 million."
Huang Changhong nodded and said: "The Hong Kong government allows payment in twenty years, and the payment will start after mining; so if it is taken, the annual revenue from the stone mine will be enough to repay the franchise fee. As for what needs investment, it is mining equipment and machinery, etc. The initial investment is expected to take several years before we can actually make a profit.”
This has been an optimistic view for several years. For such a large mine, the preliminary preparation time will take one or two years. After all, it needs to pass environmental audits and other aspects, as well as infrastructure construction.
If it opened in 1962, it would have encountered trouble in 1965 (bank runs, real estate crash), and in 1967 it would have been a big crisis.
However, Lin Zhichao is not worried. This quarry can be listed in the early 1970s and become another listed company under Lin Zhichao.
Lin Zhichao’s idea is to list Miramar Hotel Group and Anderson Asia separately, and then find ways to integrate them later.
"Well, in that case, you should study it carefully with Manager Wang and give me the information later." Lin Zhichao said.
At this time, Lu Zhihe may not still have the courage to invest in this project, after all, his strength has been cut in half. The quarry companies under Yangtze River Industries have also developed very well in recent years, with nearly 10 million in funds on their books.
"OK"
Huang Changhong then left with great enthusiasm. At this time, Yangtze River Industrial was at its peak development period, and he, as the deputy general manager, was naturally very ambitious.
At lunch time, Lin Zhichao made an appointment with securities broker Mo Yingji and Cheung Kong Holdings' financial manager Zhou Fuzhao to accompany him.
"Wouldn't Mo Sheng dislike it if we have a casual meal?" Lin Zhichao said with a smile at Yong Kee Restaurant.
Mo Yingji's character was very good, which was something Lin Zhichao admired, so he entrusted him with the stock investment of Cheung Kong Holdings as a broker.
"You're welcome, Mr. Lin. I usually eat packed lunches from Yung Kee Restaurant at noon, then have a massage or take a nap, and then do the market making in the afternoon."
Lin Zhichao said: "That's okay, let's drink together at night some other time!"
Later, Lin Zhichao said: "How is the stock market going now?"
Mo Yingji immediately started to explain vividly, and finally said: "Although the stock market is hot, I also admire Lin Sheng's securities investment techniques. In two years, the stock price in your hand has risen by 40%."
I made more than four million, that’s all!
Lin Zhichao said with a smile: "I have no research on stocks and am a layman. However, I have research on enterprises and Hong Kong's economy, so after buying stocks, I don't want to touch them."
Mo Yingji said: "Then the stock will rise and fall. Lin Sheng has to cash out at a higher point and buy somewhere, right?"
He was too embarrassed to say directly, let me give you some pointers!
After all, people don’t seem to care at all about tens of millions of Hong Kong dollars!
Lin Zhichao said: "That's for sure!"
Then there was no talk about Cheung Kong Holdings' stock investment, and Mo Yingji stopped asking.
The reason why Lin Zhichao made an appointment with him was to ask him about some rules of the stock market. After all, he was about to own a listed company, Asia Shipping. When the time comes, don’t understand any rules at all.
What is surprising is that there are really few stock market rules in this era, and many can be operated.
However, it is also understandable that the stock market is becoming more and more standardized.
(End of chapter)
