"Chen Songqing, this guy has been wanting to see me since I acquired Hisense." Chen Zhiwen threw the letter aside and said, "Ignore this guy. The debt problem of Jianing Group is more serious than that of Land. No matter Chen Songqing No matter how reliable the information sent is, don’t lend him money, not even a penny.”
"Chen Sheng, don't worry. You have told me before that Hisense Bank will not cooperate with Jianing or companies closely related to Jianing under any circumstances. However, this time, Chen Songqing does not want to borrow money from Hisense." , but is willing to sell some assets or properties to us. I have discussed this matter with Zhou Sheng, and he also believes that some of the properties are still valuable." Huo Jianning added.
Zhou Jiayang on the side said: "Yes, Chen Sheng, there are some good properties in Hong Kong and some overseas assets. I can't make the decision alone."
"Oh, selling real estate assets? You can consider this. Is there a list?" Chen Zhiwen suddenly became a little interested. Although it is not yet the time to acquire real estate on a large scale, after all, the economic crisis has just broken out. By next year, Hong Kong's economy will collapse. Even more powerful, that’s the best time.
However, this kind of acquisition is equivalent to buying goods. If you want to buy high-value properties, such as properties in Central or other prime commercial areas, you absolutely cannot wait. As long as you have the opportunity in the past two years, you have to do it. Even if real estate recovers after 1985, it will not be a loss.
Although Jianing is a combination of giant scammers, it has been able to deceive so many people. It also has some good assets, many of which are in good positions. As for overseas assets, it depends on whether they are worth it.
"Here." Huo Jianning had naturally prepared the report a long time ago. All the information was ready and submitted to the boss.
Chen Zhiwen took the document. This document has 6 pages. They are all properties currently held by the Carnegie Group, ranging from office buildings in Central to some villas in the south of Hong Kong Island or North Point, as well as some shipping companies, tourism companies, and hotels. There are almost 200 stocks in chain groups, some banks, real estate companies, etc. The complexity of the business is even more cumbersome than Chen Zhiwen's industries. The only thing lacking is the scale.
As for overseas business, like traditional Hong Kong companies, it invests in real estate, hotels, tourism and other businesses overseas, mainly in Southeast Asia and Japan.
"These companies, stocks, or properties, based on the operation model of the Jianing Group, are basically already in a mortgage state. If we acquire them, do we have to buy out the liabilities?" Chen Zhiwen also took a fancy to this list. part of the property, so he asked.
"According to our investigation, these properties or company stocks are all mortgaged. When I met with Chen Songqing before, he also admitted it, but he also said that if he trades with us, he will be responsible for removing the debt. , there won’t be any problems." Huo Jianning replied.
"There are several properties here that are really good. If you can acquire them, that won't be a problem. As for the price, just follow the current market price and then give a discount. Since he is so eager to ask for it, there is an oversupply of properties in the market now. Then of course we don't need to be polite." Chen Zhiwen nodded and added: "But we must ensure the legality of the contract. All properties and stocks they trade must be checked by the government department. Since Chen Songqing said that he can Once the debt is removed, we only need debt-free properties or stocks, and we must also beware of the phenomenon of two houses being sold.”
"Selling one house for two?" Zhou Jiayang said: "Chen Songqing dares to act so directly? Isn't it clear that he wants to go to jail?"
"The entire Jianing Group is a huge real estate bubble in my eyes. I don't know what kind of transactions Chen Songqing will make. Anyway, it's better to be cautious. Let's buy insurance for this transaction." Chen Zhiwen thought for a while. Said: "If you buy insurance, the insurance company will also send an investigation. They are very professional and are indeed more secure. Even if something goes wrong, we can still claim compensation."
Transacting property with a real estate company that has a certain history doesn't need to be complicated. Just check it out. They live in Hong Kong and basically won't do anything messy. However, as for the Jianing Group, there is no harm in being cautious.
"I wonder which properties of Jianing Group are Chen Sheng interested in?" Zhou Jiayang asked.
"Let's pick a few that are of higher value. For example, the King Wah Building, although it is on the edge of Admiralty, is still quite large. There are also several industrial buildings here in Yuen Long, and the 30 or so independent buildings in North Point. A small villa, these properties are all good." Chen Zhiwen flipped through it again and said: "For overseas business, I only want this one, 21% of the stock of Nikkatsu Film Company. The mark on it is your masterpiece, Lao Zhou, right?"
"Yes, Chen Sheng, after I got this list, I sent people to several overseas countries to investigate these subsidiaries or invested companies of Jia Ning. Among them, there are two most valuable ones. The first is Five five-star hotel chain shares in Thailand. The second is Nikkatsu. Its main business, the movie industry, is no longer very popular in Japan. However, they have 428 movie theaters across Japan and are the fifth largest movie chain company in Japan. , considering our group’s judgment on Japan’s future real estate market, the value of these cinemas is very high.” Zhou Yang said with a smile: “That’s why I specially marked them.”
"Forget about any hotel in Thailand, the value of this Nikkatsu Cinema is indeed much higher." Chen Zhiwen nodded and said.
In the next ten years or so, before the Asian financial crisis, many countries in Southeast Asia will develop very well economically, and Thailand is one of them. The hotel business here should not be bad, but the return on investment is still not as good as that in Hong Kong. Naturally, he has no interest in business that is thousands of miles away.
As for this daily life, it has been in business since the 1910s. Like the ancient companies in Hong Kong, it has a lot of property reserves. It has 428 theaters, and more than 80% of them are self-owned by property owners. And because it is a movie theater, most of them are in big cities. Commercial areas, or the core areas of some small cities, will see exponential growth in value in the next few years.
Zhou Jiayang continued: "Sheng Chen, I also conducted an in-depth investigation. It turns out that Chen Songqing was able to buy 21% of Nikkatsu's shares back then. In fact, it was because Nikkatsu's profits were getting worse and worse, and their movies could not be sold at all. , my idea is that after acquiring these stocks from Jiani, we can also directly acquire this company in Japan. In this way, we can acquire more than 300 commercial properties at one time. Besides, these movie theaters themselves are not useless. .”
"Are you sure?" Chen Zhiwen asked. The value of this film company is indeed not low, but it is only a few hundred million Hong Kong dollars at most, and it is still overseas. This kind of project is basically not worth Chen Zhiwen's personal operation. Let his subordinates do it. That's it. He only needs to make the decision to acquire, follow up and make the final decision.
"No problem. Although Nikkatsu is known as the fifth largest film company in Japan, that was only ten or twenty years ago. Its efficiency has become worse and worse over the years. If we acquire it, there will be no official resistance. For a company of this size , the Japanese government should not interfere, otherwise, their Japanese companies have been acquiring all over the world in recent years, and it will be easy for other countries to take advantage of them." Zhou Jiayang was full of confidence, but added: "But there is a small problem , Nikkatsu Film Company started to make some special films due to poor profitability a few years ago. After our acquisition, this area was not easy to handle."
"This is Japanese culture. We can't do acquisitions. Just find a buyer and package and sell the entire business." Chen Zhiwen shook his head and said with a smile. This kind of thing cannot be cut down directly after the acquisition, otherwise there will be a lot of People protested, and it would be embarrassing for such special people to make big news.
"Okay." Zhou Jiayang nodded and said. As long as the boss agrees, this kind of acquisition, which is worth more than 100 million Hong Kong dollars, is easy. After the acquisition is successful, Hutchison Whampoa's real estate business in Japan will get further benefits. increased.
"How is the progress of recent real estate acquisitions in Japan?" Chen Zhiwen asked. Hutchison Whampoa Group is in a semi-dormant state in Hong Kong and the mainland. Only some businesses that are still in the contract period are proceeding as scheduled, such as the Beijing-Tianjin-Tangshan Expressway. This matter is not affected by the current situation in Hong Kong. When funds are needed, Hutchison Whampoa will never lose a penny.
But this business alone cannot satisfy the current Hutchison Whampoa, and the Japanese real estate market is a direction in which investment can be made.
"We have purchased several properties in Tokyo's Koto Ward, Bunkyo Ward, and Shinagawa Ward, but they are all small buildings with only about a dozen floors. In Chuo Ward, we are already in talks with several houses, but have not yet made a decision. After all, the amounts involved are relatively high, and once they are finalized, Chen Sheng’s permission will still be needed,” Zhou Jiayang said.
"As for the banks, you don't know any Japanese banks?" Chen Zhiwen asked. Some small-amount acquisitions do not need to be reported to Chen Zhiwen now, but they need to be reviewed by the headquarters office and headquarters finance.
"We chose Japan's Sumitomo Bank. This bank is among the top ten in Japan and has some business in Hong Kong. The previous properties were all loans issued by Sumitomo Bank." Zhou Jiayang said.
"Sumitomo Bank? That bank, if we want to have a better relationship with them, just treat them as our group's partners in Japan." Chen Zhiwen nodded and said. Doing business in Japan naturally requires establishing relationships with influential local consortiums or With bank cooperation and a stable back-end bank, it may be much easier to acquire properties, because banks also want to facilitate transactions.
PS: Please vote for me, there will be another update in the evening
(End of chapter)
