"Okay, then 70%, as long as you can pay immediately." Chen Zhiwen agreed directly. Maybe if he keeps it in his hands, he can sell it at a higher price in the future. He won't even lose money in the past few years, and there will be more A little feedback, but compared to the Hong Kong real estate market that is about to take off, it is meaningless. It is better to cash out the cash directly and invest in areas he is familiar with.
"That's no problem. They have a good reputation in this industry. They rely on high cash flow to attract customers who are eager to sell their assets." Henry Morgan said.
"That's good." Chen Zhiwen nodded.
Henry Morgan continued: "I'm just curious. Midea's arcade machines alone can earn you a lot of cash. Now you are still eager to sell your overseas assets. Are there any big investment projects in the future?"
"Yes, I am about to start a very large real estate project in Hong Kong. I estimate it will cost at least 400 million US dollars." Chen Zhiwen said lightly. This kind of thing is not a big secret, and it doesn't matter if it is revealed.
"Oh my god, 400 million US dollars? A large office building like the World Trade Center in New York?" Henry Morgan was shocked. Such a large real estate project really surprised him.
"No, it will be a very large community." Chen Zhiwen said with a smile.
Speaking of Hong Kong’s real estate, the most interesting data is that many projects have huge investments, which are rare even in superpowers like the United States. For example, the headquarters building that HSBC will build in a few years will cost one billion US dollars, which is the largest investment in human history. , the most expensive office building per unit area, remains the same even in the 21st century.
The two World Trade Center buildings built in the 1970s, the two that later suffered an accident in 2001, only cost a total of US$750 million. Although there was a difference of ten years and inflation had a certain impact, the area of any one of the World Trade Center buildings was They are more than three times the size of the HSBC headquarters. Not to mention, the taller the building, the higher the cost. The HSBC headquarters building can be said to be a wonder in the history of architecture.
In the 1980s, the construction cost of the Whampoa Garden project was almost HK$4 billion. Now, it is estimated that it will require an investment of HK$2 billion. However, these figures are all fictitious. The actual investment They just use the advance payment from home-buying customers to implement cyclical investment. The actual investment part is not much, but no matter how small it is, it still costs several hundred million Hong Kong dollars. This is only the construction cost, and the conversion from industrial to commercial is calculated separately.
"Community? Such a large investment?" Henry Morgan thought for a while and asked: "Similar to a large apartment in the city center like New York City?"
"Absolutely?" Chen Zhiwen thought for a while and said. It is said that poor people in the United States live in the city center, but this is not suitable for megacities in the United States. Similar to the center of New York, the prices of various types of apartments are still very expensive, even if the area is small. It is not something that ordinary people can afford. If you understand it this way, it seems that the communities in Hong Kong are about the same.
"In that case, Eric, if you are still short of funds, I can ask Morgan Bank to lend you a loan." Henry Morgan suddenly said.
"Morgan Bank?" Chen Zhiwen showed a hint of surprise and asked, "Morgan Bank is also willing to do business in Hong Kong?"
There are two Morgan banks in the United States, one is Morgan Stanley, which is an investment bank, similar to Goldman Sachs, and the other is Morgan Trust Bank, which is a commercial bank, similar to Citibank. Both of these two Morgan banks originated from the financial industry of the United States. The giant Morgan consortium.
"Not in Hong Kong, but in the United States. When we lend in the United States, the funds we lend are US dollars, and you need to pay back US dollars. As for the mortgage, we will not ask for any collateral from you in Hong Kong, but in the United States, such as , your Red Bull or Midea’s arcade brand.” Henry Morgan said.
"Can the arcade business be mortgaged? Doesn't it have any asset value in itself?" Chen Zhiwen asked.
"We don't just look at the mortgage of physical materials. If a company's business is developing strongly, or it has products that can be sold well in the future, it can be used as a mortgage. But after all, it is not an entity, so the mortgage amount will be relatively low. Then One, the interest rate on the loan will be very high, much higher than a normal mortgage,” Henry Morgan explained.
"How much mortgage can you get on Midea's Snake and Magic Cube arcade machine?" Chen Zhiwen asked with a smile.
"Magic Cube is not good. Although I have played it and think it is very good, and I think it will also be popular, it has not been recognized by the market after all. Although I belong to the Morgan family, the internal regulations of Morgan Bank cannot be violated, and Snake is currently selling very well in the United States and has sufficient orders on hand. The potential of the market size can also be roughly calculated, not to mention that in addition to the US market, there is also a huge European market. Taken together, Morgan The bank's normal process will also treat these as assets that can be mortgaged. Plus I can deal with it, there shouldn't be any problem." Henry Morgan thought for a while and said: "As for how much money can be loaned, I estimate 3000 to 5000. Ten thousand US dollars should not be a problem. If your artifact cube has the same results as Snake in the future, you can also use this as collateral. The logic is the same. If you want to borrow more, you have to consider Add collateral, like Red Bull, Costco.”
"Red Bull and Costco are not necessary. Arcade game mortgages can be considered." Chen Zhiwen nodded and said.
Costco's business data growth is comparable to that of Wal-Mart, and is very stable. As for member loyalty, almost 70% to 80% of members come to make purchases every month. One purchase is a large amount, and because the frequency is low, it does not require a lot of labor. , the advantages in all aspects are really too strong. Sam Walton could predict that Costco's business model is very good, but he never expected it to be this good. Therefore, Chen Zhiwen would not think of it in any case. Costco’s operating data has been exposed, and Red Bull’s is similar. Although it is burning money to grab the market, resulting in the company being unprofitable, as long as a professional person takes a look, they will know Red Bull’s terrible potential in the future, and these data cannot be exposed.
Otherwise, not to mention the two cola giants, Danone and Nestle are also expected to enter the market. Although it may not be possible now, Chen Zhiwen does not want to burn money with strong competitors in the earliest stages of development, because this means A lot of equity had to be diluted.
It is one thing to take the initiative to introduce investment in the future, but it is another thing to be forced to introduce investment. Moreover, even if it wins, it will not regain its current absolute status. No matter how strong the Red Bulls of future generations are, they will still have many locals. As a competitor of the brand, he is trying his best to avoid this kind of thing from happening. Even if he can't prevent it, he still hopes to delay the opponent's entry to the market to the greatest extent. The later the better.
"Okay, then I will hand over my current arcade data and market analysis to Morgan Bank's lending business department. Midea may also need to provide some data." Henry Morgan said.
"No problem." Chen Zhiwen nodded and said. There is nothing to hide about Midea's data. Home appliances are no different from other similar companies. This is also the reason why it is difficult to develop. It is entirely because Chen Zhiwen is spending money to support it. The advantage of prophet cannot work in an industry that relies on technology and the market has been stable. Arcade machines are themselves a short-term profit-making industry. Although the product is a new gadget, the approximate cost is not to mention the industry leader, an engineer who understands prices. You can roughly calculate it after taking it apart once, so there is no need to keep it secret.
Henry Morgan raised his glass and smiled: "Come on, cheers, what I said is indeed true. We will have more opportunities for cooperation in many fields."
"Cheers." Chen Zhiwen raised his glass, but didn't say anything else. He was invited here today. Dealing with Hutchison Whampoa's overseas business is a trivial matter. I guess this is the serious matter?
It's right to think about it. The Morgan family has always relied on finance. Even if by chance they find that other businesses can make money, they will find ways to use financial routines. When they see the potential of the arcade and their own There are other arcades and other high-quality industries, and there is no way to invest in them, so they are naturally induced to provide financial services.
Under normal circumstances, who would refuse such a good thing? Even if it is really not needed, it will be more or less good-faith. If you agree to cooperate, then if you develop normally, Morgan Bank can earn high-profit interest fees. If there is a problem, it may be severely punished. Kill with one knife.
No matter what, the other side wins. Those who play finance, unless the entire market economy collapses, basically just sit back and make money.
But this is also good for you. Although arcades make money, it still takes several years to earn enough. If you can really get a line of credit through the arcade business, it is equivalent to taking future money and investing it now. In the end, To put it simply, if you hoard properties in Hong Kong, you can earn several times the amount in a few years. Even if the interest rate is higher, you will still be making money.
However, even bold Wall Street investment banks are relatively cautious about non-physical property mortgages. A loan of half a billion US dollars is probably the limit. It may not be possible until the Magic Cube becomes popular across the United States again.
"Eric, one more thing. A friend of mine is a Frenchman. After learning about our arcade, he was also attracted by the game. He is also a person with a very business vision, and there are also people in Europe. He has a lot of resources, so he wants to represent Snake’s business in Europe.” Henry Morgan continued.
"Where in Europe?" Chen Zhiwen paused and said, "Europe is indeed a big market, but Hong Kong's current production capacity may not even be enough in the United States in the next few months. How can it still manage Europe?"
"As an excellent entrepreneur, Eric, you should be prepared for a rainy day. Besides, we have also estimated the release time of the demand in the US market before, so the first few months will be relatively tight. After a few months, the US market will With a large amount of commodity investment and the increase in Hong Kong's production capacity, don't you need to open up new markets? Europe is just next. In terms of economic scale, the entire Europe combined is no less than the United States." Henry Morgan said with a smile.
"That's right, but Henry, I might as well say it straight. I can no longer give the European arcade distribution rights to you or your friends. This is not in my interests." Chen Zhiwen shook his head and refused.
Sometimes, it would be much more convenient to refuse directly, without having to talk for a long time and still not being able to explain clearly. In the early days of arcades, people with strong backgrounds were indeed needed to assist, such as Henry Morgan. Chen Zhiwen put him in charge of the entire American market.
Theoretically speaking, the deeper you manage your dealers, the higher your profits will be. However, it is impossible to manage countless suppliers. Even Coca-Cola, a century-old corporate monopoly giant, cannot do this.
Naturally, Midea cannot have the ability to manage independent dealers in each state, nor can it find so many people. This requires itself to be famous enough, that is, its products have a certain popularity, or have a certain reputation in a certain country. The place is run very successfully.
For example, after operating in the United States for two years, Red Bull was preparing to land in Europe. Many large supermarkets and local dealers came to the door. Chen Zhiwen's plan was to replicate Red Bull's situation in arcades. As long as the United States opened its market, Europe would Naturally, some discerning people will take the initiative.
Under any normal business model, no company would give its distribution rights in the United States and Europe to the same person or group. This is tantamount to handing over its own destiny. Although arcades are only popular for a few years, they are short-term. industry.
Henry Morgan didn't care. He seemed to know the result and said: "This friend of mine is very influential in Europe. His family is a wine maker, so he has a deep relationship with the supply chain of the entire European bar."
"This is not very important. Just like you, Henry, you don't have the resources for a bar, but as long as you are willing to invest, it will be fine." Chen Zhiwen shook his head and said. It is not difficult for people with connections to open up channels in the bar, so it is not very important if they do not have a history in this area.
"Really don't think about it?" Henry Morgan asked: "I know Eric, you came to the United States from Europe. If there is any business in Europe that interests you, maybe you can cooperate?"
"In Europe, I only acquired a manufacturing company. The other business is to use Europe as the market for my products. In other aspects, there is really nothing to cooperate with." Chen Zhiwen smiled and said: "Besides, you My friend, he shouldn’t be the controller of their family, otherwise, he wouldn’t be interested in arcade machines?”
A truly powerful family will generally not suddenly engage in other businesses for no reason. Instead, individuals within the family will be very interested in participating in other things that can make quick money. Henry Morgan is actually such a person.
"Yes." Henry Morgan paused and said.
"We won't consider the European market for now. Let's wait until half a year later!" Chen Zhiwen said with a smile.
PS: I have influenza A, and my whole body feels uncomfortable. Please keep updating at a low frequency for the past few days, and then return to normal after I feel better.
I'll see how things go in the evening, and if I can still write, I'll post another chapter.
(End of chapter)
