"With 100 million donations, the first charity in Hong Kong was born"
The title of the Hong Kong Economic Journal seems to be unattractive at first glance, but below the title, 100,000,000.00 is also written.
Countless zeros seem to be more attractive than the title, attracting the attention of many readers. The bustling world is all about profit, and the hustle and bustle in the world is about profit. Hong Kong is a bustling metropolis, so many numbers are always the most popular. Can catch people's attention.
What is the concept of HK$100 million in Hong Kong?
Among the current listed companies in Hong Kong, if the market value is HK$100 million, it will rank 87th in the entire Hong Kong. If it is used for investment, you can buy 29% of the shares of Cheung Kong Holdings and 36% of the shares of Hehe Industrial, becoming any of the five real estate tigers. A major shareholder, even a British-funded consortium, can purchase 13% of Wharf's shares and become one of the largest shareholders of Wharf.
If you use it to buy real estate on Hong Kong Island, you can buy at least 2,000 houses. Any one of them is a goal that a middle class with a very good income will never achieve in a lifetime.
An ordinary worker in Hong Kong today can earn only HK$2,000 a year without food or drink. HK$100 million is equal to the total salary of 50,000 workers who have worked hard for a year.
"Boss, do you still have the Hong Kong Economic Journal? Give me one and a bottle of drink." A man in a suit wearing black-rimmed glasses walked to the front of a newsstand and said to the boss inside.
The company where Wang Dong worked had been discussing the 100 million donation all morning. Some were envious, some were jealous, and then they started discussing Chen Zhiwen's wealth. It wasn't until the boss suddenly appeared and everyone was scolded that they After being honest, the newspaper bought by my colleague was also borrowed by the boss.
As a white-collar worker in the office, he doesn't really care about the money to buy newspapers, but there are so many newspapers in Hong Kong, so he can't buy every copy. He used to buy Mingpao. This is because of the consumption habits brought by Jin Yong, even now Nothing new, either.
At noon, I came down specifically to buy a letter and newspaper.
"Come on, there are still a few copies here, they will be gone if it gets later." The newsstand owner said with a grin. Today's business is very good. As long as the newspaper title has a gimmick, many people will come to buy the newspaper. Although the weather is not as hot as the previous hot summer, it is not bad, and the drinks are almost sold.
After taking the newspaper, Wang Dong found a dark place in the building and started reading while eating bread and drink.
The Hong Kong Economic Journal not only uses the front page to attract readers, but also uses the third and fourth pages to describe the entire charity history of Hong Kong, from the Ho Tung family decades ago to the newly born China-Hong Kong Foundation. The charitable donations that have made a mark in history are all described clearly, who donated, how they were used, etc. From this page of the newspaper, it is enough to see that throughout the history of Hong Kong, basically the people who really made donations They are all Chinese rich people, some with British capital, but they are not aimed at ordinary people, but prefer donating to government departments and building public facilities. Everyone knows the tricks inside.
The fifth page is a detailed description of Chen Zhiwen's business empire, from the well-known Hutchison Whampoa to the Red Bull beverage exported to the United States, as well as Midea Electronics Company with thousands of employees, and Galaxy Trading with an annual trade volume of over 100 million. company, as well as Galaxy Real Estate, which has become very famous in the field of industrial real estate in recent years.
Most of Midea's products are very ordinary. Although the sales volume is not low, basically no one cares about them. They are just ordinary electrical appliances. How much money can they make?
Red Bull is the topic that many Hong Kong people pay the most attention to. This is the most amazing business miracle in the history of Hong Kong and even Asia. A local beverage can actually make a big hit in the US market that has Coca-Cola and Pepsi-Cola, and it still takes the high-price route. It is said that more than a dozen containers carry Red Bull to the United States every day at the Hong Kong terminal, and sales exceed one million bottles in one day.
Wang Dong knew that a bottle of Red Bull costs 2.5 Hong Kong dollars in Hong Kong. This price is simply astronomical in Hong Kong. Even he, a white-collar worker, only bought it once and deliberately saved it for drinking after a run.
Needless to say, the effect is really good and people feel energetic immediately.
The number of such hugely profitable industries is still so high. The Hong Kong public finally understands why a young man has the ability to acquire Hutchison, one of the four major foreign banks.
"100 million!" Wang Dong sighed as he thought about his salary.
[After acquiring Hutchison, can Chen Zhiwen still spend such a large amount of money for charity? It seems that there is really no shortage of money. Hutchison is not right, it is Hutchison, so there should be no problem. 】Wang Dong suddenly thought of something, he should find a way to make some money with the information behind this.
It's just that Hutchison Whampoa has been privatized, so we can only buy some stocks of Hutchison Whampoa's subsidiaries, many of which are still at very low prices, especially some real estate companies.
The Hong Kong Economic Journal also gave a general introduction to Hutchison Whampoa's recent business trends, including its cooperation with Cheung Kong Holdings, which has seen a large number of suspended projects being restarted. However, I don't know what the cooperation methods between Hutchison Whampoa and Cheung Kong will look like.
After choosing for a while, Wang Dong found his target - Metropolis Real Estate, a real estate company with a lot of land in Kowloon. It was acquired by Hutchison in the early years. As Hutchison entered a crisis and the land price plummeted, it also led to It almost went bankrupt. Now that Yangtze River Industrial has taken over many projects, the suspended projects have started. It is said that pre-sales of properties have begun, but there is still no movement on the stock market.
After determining the target, Wang Dong put away the newspaper, threw the drink can into the nearby grass, turned around and ran towards the stock exchange.
"One hundred million Hong Kong dollars, what a big deal." Li Jiacheng said with a smile while reading the newspaper in an office inside Cheung Kong Holdings.
"It's just a word game. If you invest 100 million Hong Kong dollars in ten years, it may be the first year or the last year. The gap is huge." The person opposite also said, he is the business department manager of Cheung Kong Holdings Sheng Yongneng is also one of Li Jiacheng's most trusted people within Yangtze River Industries.
"That's right. With the current situation of the real estate market, in a few years, Hutchison Whampoa's value will be enough to make anyone jealous." Li Jiacheng sighed and said, "It's a pity, if only we could acquire it in the first place."
"The most fundamental reason why Chen Zhiwen dared to acquire Hutchison and even later merged Whampoa Group and Watsons was because his Red Bull drink was a big seller in the U.S. market, and the cash flow generated every day was enough to make any company in Hong Kong jealous. Banks also value this. Only then did he acquiesce to Hutchison being acquired by him. Otherwise, let alone us, even if the five real estate giants put together the acquisition together, they may not be able to succeed. The creditor banks will not be able to pass it. Even if it passes, we will bear a huge burden. With such a lack of debt and funds, we are unable to restart so many real estate projects of Hutchison, and it is very likely that they will be dragged down in the end." Sheng Yongneng shook his head and said:
"As far as I know, after acquiring Hutchison, Chen Zhiwen also mobilized an additional HK$300 million in funds from overseas to enter Hutchison. In other words, even if we don't cooperate with Hutchison, Chen Zhiwen will be able to solve Hutchison's debt pressure in a short time. , to get Hutchison’s projects running again and funds flowing again.”
"It's also within my prediction. I'm not sure enough. It's impossible for Chen Zhiwen to forcefully acquire Hutchison which is so indebted, let alone privatize and merge subsidiaries while it's still in debt." Li Jiacheng nodded and said. .
"With enough capital, we can stabilize Hutchison. Like us, he is optimistic about the future recovery of the real estate market and stock market. Now all that is left is to wait." Sheng Yongneng said with some emotion: "If the real estate market really Returning to the situation at the end of 1972, Chen Zhiwen's return this time will be able to earn billions of Hong Kong dollars, which is truly unprecedented in Hong Kong history."
"It's a pity that we don't have enough capital." Li Jiacheng sighed and said: "If I were born ten years earlier and had the current capital ten years ago, I would definitely be able to acquire Hutchison Bank, and even Hang Seng Bank back then would not be impossible."
"Yes." Sheng Yongneng agreed.
"Okay, let's not talk about these meaningless things." Li Jiacheng smiled and said: "How many projects do we have in cooperation with Hutchison now?"
"There are 11 projects under development in total, and 16 projects are still under negotiation for purchase price. Hutchison's asking price is a bit high, and we are still negotiating." Sheng Yongneng replied.
"How much do they want?" Li Jiacheng asked.
"It's 10% higher than our psychological base price." Sheng Yongneng said.
"Let's talk about it for a while. Let's give 5% or 6%. We can get the project first. It's delayed for too long, and time is also a cost. Also, now that land prices are starting to rise, if we delay it for a month, it may not be just 5%. ." Li Jiacheng thought for a while and said.
When it comes to cooperation with Hutchison, both parties have already decided on which projects they can cooperate with, and then both parties separately set their own prices before renegotiating. This model naturally means that Hutchison hopes to sell at a high price, and Yangtze River hopes to buy at a low price. , so we talked for a while, a few were successful, and there were still a dozen that were not settled.
"Is Li Sheng worried that other Chinese investors will join in the fun?" Sheng Yongneng asked, understanding the boss's heart.
"I don't rule out this possibility. In fact, I brought Hehe Industrial together to reduce one competitor, and the other is to increase our operational capabilities and reduce risks. However, there are many other real estate companies in China's capital, and Hutchison There are too many sites on the market, and the ones we are currently cooperating with Hutchison are only a small part, and they are all in areas that are not very good," Li Jiacheng said helplessly.
"I don't think Chen Zhiwen will cooperate with other real estate companies." Sheng Yongneng said: "Hutchison still has a lot of land in its hands, but it is all abandoned. In the past, Qi Dezun was reluctant to share it, but now we and Hutchison With Chen Zhiwen's intelligence, he can cooperate with us or other Chinese companies in the same way. But there is no news now, which shows that he has no idea. The number of joint venture development projects he can provide should be just to ensure stability. Hutchison's cash flow, as long as he can maintain that, may be enough for him."
"Yes, even if it is not developed, the remaining large amount of land can be developed several times more in a few years." Li Jiacheng nodded and said.
"It seems that his thinking is the same as that of British capital. He wants to hoard properties to make money, but he never thought that the fastest way to develop is to continuously develop new projects quickly and use bank funds to develop rapidly." Sheng Yongneng said with a smile.
"Not necessarily, maybe it's just a matter of weakness. Hutchison doesn't have that many talents in real estate development." Li Jiacheng said.
"It's also possible. If that's the case, our original plan to use the land in Hutchison's hands for arbitrage probably won't be implemented for long." Sheng Yongneng said with some pity.
Li Jiacheng said: "It's a pity, but how can an ordinary person be able to acquire Hutchison? Besides, after these twenty-odd projects have been developed, it will be no problem for us to divide them into tens of millions. If the land price rises another one If it rises, it is possible to reach hundreds of millions.
How is the negotiation going on with Swire's land at Sai West Lake on Brammar Hills Road? "
"We are still negotiating, and Swire's asking price has been compromised by another 5 million, but I think it can still be lowered. I want to lower it to a range between 80-90 million." Sheng Yongneng said.
"I'm still very optimistic about that piece of land. I need to be more cautious." Li Jiacheng thought for a while and said.
North Point is located in the middle of the Eastern District of Hong Kong, China, and is also the northernmost area of Hong Kong Island. Although it is a bit off, it is on Hong Kong Island after all, and its value is still high. The Swire Group's piece of land here covers an area of 863,000 square feet, covering an area of 863,000 square feet. It is large, which can be said to be very rare in today's Hong Kong Island. If it is acquired and developed into residential buildings, coupled with the increase in land prices he estimates, the profit will be very high.
"The Swire Group is now preparing to develop Taikoo Shing on a large scale and is in urgent need of funds, so it is also very urgent." Sheng Yongneng said with a smile.
"Taikoo Shing." Li Jiacheng smiled helplessly and shook his head. The land in Taikoo Shing is definitely the first residential building in Hong Kong. It is located on Hong Kong Island. The nearby commercial facilities are very good. It is not far from the city and is close to the sea. The area is large, with more than one million square feet, but the British-owned Taikoo actually dared not get financing from banks. Instead, it sold land in other places to raise funds for the Taikoo Shing project. This is why the Saixi Lake land was sold .
"I heard that Chen Zhiwen's real estate company, Galaxy Real Estate, bought two properties in Taikoo Shing." Sheng Yongneng said with a smile.
"Pure investment is indeed good." Li Jiacheng thought for a while and smiled: "If he is really like this, we can be the first to ask him about the real estate we develop in the future."
"Hahaha, yes, this can also increase the speed of our return." Sheng Yongneng nodded and said.
"Get the Saixi Lake land as soon as possible. Among the land that the Hong Kong government is preparing to auction recently, I am also optimistic about several pieces of land. The capital turnover must be faster, otherwise we will miss many good opportunities." Li Jiacheng continued. .
As long as the funds in the real estate market turn over quickly, the profits will be higher. Just like a sum of funds, the results will naturally be very different between developing one project and developing three projects in three years.
"Okay, I will take over the Taikoo land as soon as possible." Sheng Yongneng nodded and said.
Public opinion in Hong Kong was once again heated up. Both Lai TV and TVB also broadcast the incident in the prime time news. Various media quickly reprinted it. Some English newspapers also paid attention to the incident. Ta Kung Pao, the mouthpiece of the Hong Kong government, also made a commendable evaluation, evaluating Chen Zhiwen as a representative of the new generation of successful people. It also encouraged more people to participate in charity and help more people in need.
The outside world is still discussing Chen Zhiwen's China-Hong Kong Fund, but Chen Zhiwen no longer cares because a long-awaited guest from the United States - Phil Knight.
(End of chapter)
