"HSBC can provide 20 million Hong Kong dollars with an interest of 6 points, how about that?" Shen Bi said with a smile.
"Okay." Chen Zhiwen nodded and agreed, and was able to provide 80% of the mortgage. It is probably because Shen Bi knew that he still had close to hundreds of millions of funds in his account. What banks like to do most is to add icing on the cake. The richer the people, the more they want it. loan.
As for the interest rate being 6 points higher, it is considered a discount. The Hong Kong stock market plummeted and a large amount of capital fled, causing the Hong Kong government to be nervous about foreign exchange. In order to stabilize the Hong Kong dollar, the Hong Kong government raised interest rates three times in a row, which greatly increased bank financing costs. However, this also This caused the stock market to plummet further, which can be regarded as abandoning stocks in order to protect foreign exchange.
Shen Bi said with a smile: "Then I will tell the people who have made more profits this news. If Chen Sheng has any other companies he wants to acquire in the future, you are welcome to come to me at any time."
"Actually, it does." Chen Zhiwen smiled and said, "I've fallen in love with this company again."
Shen Bi regained his energy, took the information, looked at it, frowned and said, "Global Electronics? This seems to be a very small company, right?"
"It's relatively small. The valuation is estimated to be four to five million Hong Kong dollars." Chen Zhiwen said with a soft smile.
Universal Electronics is the largest radio manufacturing company in Hong Kong. Its internal business is mainly OEM for several international giants, and it also has its own operating brands. However, the main market for its own radios is in Southeast Asia, and its monthly production capacity is about It has about 500,000 units and more than 2,000 employees.
Judging from the number of people, the scale is quite large, but in front of the business elite, it is just a small company. First of all, Global Electronics does not have its own real estate, and the factory rents a 7-story industrial office building. Second, as a contract manufacturer, it Profits are pitifully low. According to information surveyed by Galaxy Holdings, before the oil crisis, Universal Electronics could only earn a net profit of 0.1 Hong Kong dollars for a radio.
"Why did Chen Sheng acquire such a small company? Is he really planning to enter the manufacturing industry?" Shen Bi asked with some confusion. This year the real estate crisis occurred. In the past few years, as long as a person had money and bought a piece of land to build a building, the money a community could earn could easily exceed the ten years of net profit of a large foundry in Hong Kong. Again, a little bit Just buy a house and live in it, sleep at home every day, and the income will be much higher.
Although there are still a lot of manufacturing factories in Hong Kong, most of them are people from the older generation who don't want to change and don't dare to change. Those who are a little younger have long been out of the industry through real estate. Chen Zhiwen is a young man. His previous acquisition of the United Beverage Factory was just for the land underneath the United Beverage Factory. However, this time Global Electronics is a real physical factory and does not even have its own factory building. .
"It's just a few million, it's just my personal pursuit." Chen Zhiwen did not explain too much. Now that he has stated that he wants to go all out in manufacturing, he will probably be regarded as a fool. In fact, if he did not know the opportunities and opportunities in the electronics industry in the future, There are various outlets, so it is impossible for him to spend money here and just hoard low-priced stocks now. He may not be worse than Lao Li in the real estate industry.
"Okay, then I'll let Huoduoli pay more attention to it." Shen Bi didn't ask any more questions. Everyone has their own preferences. For example, many rich people in Hong Kong like antiques. A shipping king spent tens of millions to hoard, and to outsiders It sounds silly to him, but he just likes it.
"Then I will wait for the next good news." Chen Zhiwen said with a smile.
If you want to acquire in Hong Kong, sometimes you really have to entrust these professional institutions. They have rich experience and sufficient resources. They can quickly know the weaknesses of the other party and find the place to start. Before this, Chen Zhiwen had actually arranged for his men to test Global Electronics, but they were rejected several times without even a chance to negotiate. In desperation, he had no choice but to go to HSBC. If that didn't work, he would have to consider other options. There are a few, but the other ones are much simpler. The bosses of two have already relented, and now it’s just a matter of price.
"Aren't Mr. Chen still ready to invest in the real estate industry? Recently, the Hong Kong government failed to auction two pieces of land in Tsim Sha Tsui. I think the location is good. If Mr. Chen is interested, he can get it at a 50% discount." Shen Bi tried with a smile.
"I'm also ready to get involved in real estate, but I don't want to get involved in official land auctions yet." Chen Zhiwen said with a smile.
The money for plastic particles has basically been recovered, and there are two other companies that are going through the process. By then, they will have more funds in their hands. Although Chen Zhiwen is also prepared to invest a little overseas, Red Bull also needs a lot of funds to expand internationally. Publicity is carried out on the Internet, but the proportion of these funds is still small, and other funds naturally have to be placed in the real estate market.
The first priority at present is to absorb Wharf stocks. This fund is best used to make money from plastic speculation, and the funds on the surface are used to cooperate with HSBC.
However, there are too many restrictions on government auction land. Once it is acquired, it needs to be developed within a specified time. It usually takes one to one and a half years to build the property. The problem is that Hong Kong's real estate will not recover until 1976. , even the amount increased in 1976 was not much. Now, if you buy an official and buy land, you won't make much even if you don't lose money.
Shen Bi naturally knew the rules of official auctions and said with a smile: "How will Chen Sheng get involved in the real estate market? Will he acquire old buildings or acquire land from other companies?"
Chen Zhiwen paused and said, "I want to directly acquire a real estate company. Mr. Shen Bi, what do you think?"
"Which company?" Shen Bi became interested. Acquisition of companies is also one of HSBC's main businesses, and if it is a real estate company, it will inevitably need to invest or develop other projects after acquiring it, which will also require loans. After all, HSBC You can make money from every aspect of it.
"Yonggao Company." Chen Zhiwen said.
"Yonggao, Hilton Hotel?" Shen Bi asked with bright eyes.
"Yes, it's the Hilton Hotel." Chen Zhiwen nodded and said.
In later generations of Hong Kong, Hilton’s Hong Kong hotels were in Mong Kok and Pacific Place in Admiralty. The former was established in 2016, and the latter was established in 1991. But in fact, Hilton came to Hong Kong as early as 1961, and its location, Nature is in Central.
Hilton Hotel operates under an asset-light model. The hotel management group does not hold hotel properties. Hong Kong Hilton Hotel belongs to the US-owned Evergreen Company. In addition to owning the Hilton hotel property in Central, it also owns a five-star hotel in Indonesia. Currently, Evergreen Company Also listed in Hong Kong.
In 1976 in the original history, Li Jiacheng's Cheung Kong Holdings acquired Yonggao Company and obtained the first property in Central, but did not participate in the management. Hilton still operated the hotel. In the 1990s, Cheung Kong Holdings reached an agreement with Hilton , ended the cooperation agreement ahead of schedule, demolished the hotel, and built the most famous Yangtze River Industrial Center Building in later generations, which is the headquarters of Yangtze River Industries.
Anyone who knows something about Hong Kong in later generations knows how advantageous the location of the Cheung Kong Center Building is, close to the future headquarters of HSBC Group and Bank of China Group. If it weren't for the layout of Cheung Kong Holdings in the 1970s, in the 1990s, Li Jiacheng would have had another It is difficult to buy such prime location land in Central with money.
