The Wealth Empire Crossing the Hong Kong

Chapter 672 500 Billion Investment

Rayong City, a few years ago in Thailand was just a small coastal city, not very eye-catching.

After becoming the ASEAN Free Trade Area in the past two years, it has developed extremely rapidly. Although it cannot be compared with Bangkok, Chiang Mai, and Chiang Rai, it has become a city that cannot be ignored in Thailand and even ASEAN.

It has also become the city with the most foreign investment in Thailand in the past two years, especially Xiangjiang Capital, real estate, finance, logistics, trade, retail, etc. have come here one after another.

Nanyang Petrochemical Group and the Rayong City Government have established a joint venture Rayong Petrochemical Company here, which mainly produces oil for automobiles and ships.

Whampoa Shipbuilding Co., Ltd. has also established a Rayong Ship Repair Yard in a joint venture with the Rayong City Government, which is mainly engaged in the maintenance of cargo ships. As for whether it will be upgraded to a shipyard in the future, it depends on subsequent development.

It has also become the headquarters of many multinational companies in Thailand, including Hutchison Real Estate, Xinjian Real Estate, Hongyu Clothing, Lane Crawford, Watsons, E-shopping and so on.

This is also the first time for Li Jianhui to come to this city. Looking at the development of Rayong City, Li Jianhui has a feeling of coming to several major special zones in the north.

But at present, Rayong City is more open. Except for a few industries, there is no restriction on foreign investment at all. It has become a processing and production base and a foreign trade center in Thailand.

On the afternoon of arriving in Rayong City, Li Jianhui and his party, accompanied by the mayor of Rayong, visited the food industry concentration area, textile industry concentration area, and logistics industry concentration area.

At the same time, they also visited the Rayong New Town which is under development and construction. There are properties being developed by real estate companies such as Hutchison Real Estate, Xinjian Real Estate, Xinglong Real Estate, Guanghua Construction and Jiulong Construction.

In addition, there is also the reserved land for the Wheelock Plaza project. According to the plan, construction will officially start at the end of this year. The total construction period is three years. It is expected to be officially put into use on New Year's Day in 1988.

Cebu and Taichung will start construction together with it, and Bandung and Penang will start construction in July next year. By then, there will be 23 Wheelock Plazas in operation and under construction.

Fortunately, the Wheelock Plazas invested in the past few years have been put into operation one after another, coupled with Wheelock Land's multiple stock market financing, this has the strength to build multiple projects at the same time.

After the dinner, the executives of Rayong City and the delegation held talks, focusing on attracting investment, including airports and ports.

Rayong City was just a little-known small city before. Both the airport and the port are quite small. In the past two years, Rayong City has developed rapidly, and this aspect can no longer meet the needs of Rayong City.

For example, this time, because of the small size of Rayong City Airport, Li Jianhui's private plane could only stop at Bangkok International Airport, and then took a small passenger plane to Rayong City.

The port is even more congested, because Rayong City has become the ASEAN Economic Free Trade Zone, and the import and export of foreign goods has increased significantly. Due to the port's own loading and unloading capacity, many cargo ships have to queue for a long time.

Zhang Yijun of Xiangjiang Airlines and Wu Liangbao, president of Whampoa Shipping Group, responded to the airport and port issues raised by the senior management of Rayong City Government. They are very willing to form a joint venture with the Rayong City Government.

Hutchison Real Estate, together with Chinese Real Estate, Guanghua Construction, Kowloon Construction, Xinglong Real Estate, and Thaksin Real Estate, will jointly build a commercial complex in Rayong City. The investment in the entire project is expected to be [-] billion Hong Kong dollars.

This project is also the largest investment project that Li Jianhui and others have come to Rayong City this time. In terms of land prices, the senior management of Rayong City Government has also made considerable concessions, allowing Li Jianhui and others to obtain 100 hectares of development land at a price far below the market price.

Li Jianhui and others are obviously not philanthropists. The [-] billion Hong Kong dollar project actually uses only [-] hectares of land. As for the extra land, it is obviously a reserve land that will be developed when the time is right in the future.

It can be said that these people have already played tricks on real estate management, and many pioneering works are thought up by these people, and their fundamental purpose is to make more profits for themselves and promote their own development.

Of course, this is also a willingness to fight and a willingness to endure. The senior management of Rayong City does not feel it is a pity to sell [-] hectares at a low price to several major real estate companies. The investment of [-] billion Hong Kong dollars will not boost the economy of Rayong City. This mere [-] hectares of land comparable in value.

For example, the [-] hectares of development land for Wheelock Land Group to build Wheelock Plaza, Rayong City basically donated it for free, in order to provide jobs and stimulate consumption after Wheelock Plaza is put into operation.

With the gem of a business complex in the foreground, some of the cooperation in the follow-up negotiations seems a bit insignificant.

The senior executives of Rayong City left the hotel with a smile on their faces, but the public opinion from the outside world has just fermented.

The Thai government attaches great importance to the business delegation headed by Li Jianhui. No matter the visit in the afternoon or the talks in the evening, there will be live broadcasts on TV stations.

The talks are not over yet. The news that many real estate groups in Hong Kong, together with the well-known Thai company Thaksin Real Estate and Malay’s largest real estate group Xing Leong Real Estate invested [-] billion to build a commercial complex in Rayong City, has already spread to countless TVs in Thailand through TV stations. the audience's ears.

500 billion project, which has created the history of a single project investment by private enterprises in Thailand, and the reputation of Rayong City has also risen to a higher level. I don’t know how many Thai citizens have given up their previous plans and set their destination in Rayong City .

Some enterprising businessmen or entrepreneurs have also set their sights on Rayong City, and regard Rayong City as the starting point for its take-off.

Although several major media in Hong Kong did not report on this, East Asia TV under the Far Eastern Society still made a major report on the news that night.

The next day, the East Asia Daily, a subsidiary of the East Asia Film and Television Media Group, made it a headline on the front page, and even compared it to another Donghua Road.

Fortunately, the 2nd is Saturday, and the stock market is closed, otherwise today's stockholders will have another uncomfortable day.

However, this news did make some people panic. The impact of the [-] billion Hong Kong dollar investment during this period is far stronger than what Li Jianhui and others predicted.

Li Jianhui is the wind vane of the Hong Kong business community, and it is not just talk. As soon as the news came out, many heads of Hong Kong companies set off for Rayong City, especially those suppliers of Xinjian retail enterprises.

Donghua Club focuses on investing in Rayong City, so they naturally have to hurry up and try to make their products sell well in ASEAN through the Donghua Club channel.

Some real estate companies have also seen opportunities. Because of the [-]-hectare limit in Xiangjiang, it is difficult for these small and medium-sized real estate companies to have opportunities for development.

Now Donghua will focus on investing in Rayong City, which will inevitably develop rapidly, and the real estate industry will also usher in a golden age, and they also hope to get a share of it.

Li Jianhui didn't care about the storm caused by himself. On the afternoon of the 2nd, everyone flew directly to Johor Bahru, Malaysia after transferring to Bangkok.

This is also the core of the Donghua Club's layout in ASEAN. Like Rayong, Johor Bahru is also an ASEAN Free Trade Area.

Moreover, because the Donghua Club invested earlier, the development here is far beyond Rayong City. There are many corporate headquarters of the Xinjian Group here, which are well-known in ASEAN and even Asia.

The person in charge of the ASEAN affairs of the Xinjian Department is now based in Johor Bahru. While managing the affairs of the Nanlong Holding Group, he is also responsible for the affairs of the Xinjian Department in ASEAN.

The most important thing is that Li Jianhui's wife Guan Jiahui and her two children Li Zhihong and Li Zhiming are from Johor Bahru. It can also be seen that Johor Bahru has the particularity of the Xinjian Department.

(End of this chapter)