Traversing the courtyard

Chapter 423 Buying the Taikoo Dockyard
Work in the afternoon, refreshed.

Weidong has developed a new territory, and playing in the lounge at noon is pretty good.

Let's deal with the company's business first, and then go downstairs to preside over the stock affairs.

After looking at it for a while, I felt that Mi Xiaozhou's approach was a little conservative, and said: "You can't wait to sweep the goods like this, first rush up a few cents to eat up all the selling orders, and then stop waiting for his stock price to drop, so Five companies take turns to buy enough stocks as soon as possible.”

"I understand."

Mi Xiaozhou changed his strategy now, and bought the stock that saw the most selling orders, and then waited for it to gradually fall. In this way, the number of pending orders for shipments gradually increased, and most of them were collected by Mi Xiaozhou.

When the market closed, a total of 800 million cash was spent today, and it is still easy to use this method of raising money.

It seems that we can negotiate with Qi Dezun tomorrow.

In the morning of the next day, Mi Xiaozhou spent the 1000 million that Yi Weidong gave, and Weidong took out some cash to Mi Xiaozhou, taking as much as he could get today.

It is Weidong's strategy to receive goods in the stock market for a long time. This will continue until the oil crisis. Sell all the shares at the high point, and then buy them back at the low point. The company is the best time.

Just like Hutchison, which was acquired by Li Chaoren in later generations, it is still two independent companies. The Qi Dezun family now holds more than 20% of the shares of Hutchison International. There are more than 75 companies. After the stock market crash in 300, more than [-] companies were merged. During the period, the equity was also diluted to only [-]%. That was when Hutchison was weak, and the company could be taken down at a very small price.

In the afternoon, Qi Dezun invited Weidong to drink tea again, but this time it was in a different place, near the Jardine Building. When Weidong came over, he saw Qi Dezun, the chairman of Swire Peng Lizhi, and the general managers sent by three other companies.

Wei Dong greeted him politely, and after exchanging pleasantries, he first said:
"In principle, I can hand over the electronic watch to your foreign firm as an agent, but I have a few conditions."

Qi Dezun and Peng Lizhi glanced at each other and asked, "Yi Sheng, what conditions do you have?"

Originally, I thought about how to put pressure on Weidong if he didn't hand over the agency rights. Now that many preparations are useless, it is a good thing to be willing to sign an agency agreement, so as not to tear your face and embarrass everyone.

Wei Dong said: "As usual, the agency rights for Hong Kong, Macau and Taiwan belong to Autumn Rain Trading, and the agency rights for North America are also outside the scope of agency."

The Virginia company has already been registered, and its headquarters is in Los Angeles. In the future, the North American agent can be handed over to Virginia Company to operate, and after making profits, it will continue to develop. If there is a problem with the Intel stock held It can be sold to Virginia. After all, Yan Jiedi only got a green card and is not a citizen of the beautiful country.

Peng Lizhi, chairman of Swire, said: "Yisheng, if the North American region is excluded, then the agency power will not be so high."

Wei Dong laughed and said, "How is it possible? Electronic watches earn more than cigarette lighters, and the agency fee is going up even more!"

To make money, ballpoint pens and lighters both have an agency fee of [-] million a year, but electronic watches are highly profitable, and if they only charge [-] million agency fees, Weidong will lose money.

Peng Lizhi only wanted to find an excuse to lower the agency price, and it seemed that Weidong had already planned it.

"Then let's add it to 1.2 million Hong Kong dollars."

Wei Dong shook his head: "You are sending a beggar, why do you need an agency fee of 3 million a year."

Qi Dezun said anxiously: "Yi Sheng, you are stealing money. The electronic watch market is not clear, and you may not be able to earn [-] million Hong Kong dollars a year."

The other three people also spoke one after another, all accusing Wei Dong of the high maintenance fee.

Little by little price cuts, defender Dong came to 2.4 million Hong Kong dollars and no longer let go.

This price is still too high, and the foreign bank only paid 1.5 million agency fees.

After arguing, the black tea was cold, Wei Dong said hello, two waiters came in and changed the tea, and then went out to close the door.

Wei Dong said: "Are you still using real estate to deduct agency fees this year?"

Qi Dezun said: "Of course, which building do you like?"

Wei Dong asked: "Can you give me the land company?"

The general manager of Jardine directly objected: "That can't be done, our land is the flagship of the group, you can't even be a director."

Land is not for sale to Jardine House. It owns many buildings in the core area of ​​Central, so of course it does not want others to get involved.

If Landmark doesn’t give it to you, let’s change it, and said, “Can Cathay Pacific take a stake?”

Swire holds half of the shares of Cathay Pacific Airways, and their eyelids twitched when they heard the words. Is this Cathay Pacific that is eyeing themselves?
"Don't even think about it, we won't sell if we hold 50% of the shares."

Wei Dong thought for a while and said, "Who owns the Chinese business? It's fine to give the Chinese business to me."

This is Weidong's purpose. He has done his homework a long time ago. Most of the ownership of Huaren Bank is in the hands of HSBC. It seems that Jardine's related companies also have part of the equity. If the Huaren Bank can be taken down, it will be demolished and rebuilt. Fifty floors, there are investment directions in the short term.

Then the current Qiuyu Building and the building next door bought with the lighter agency rights were demolished, which happened to be nearby, and it was also convenient for Weidong to manage.

"Chinese people?"

Qi Dezun thought about it and said: "Most of the ownership is in the hands of HSBC, but we can't give you an answer now. We will have to wait a few days to ask HSBC before we can give you an answer."

Weidong took the opportunity to ask Peng Lizhi: "Is there any plan to sell Taikoo Dockyard? The price is negotiable. If the Chinese are okay, they can use Taikoo Dockyard to exchange."

The Taikoo Dockyard is on the east side of North Cape. The main land of Taikoo Matheson is in this area. There are Taikoo Dockyard, Taikoo Sugar Factory, Taikoo Soda and other industries. Taikoo Matheson is also the most industrialized foreign firm among the five major foreign firms. Occupying half of Xiangjiang's production, it also acts as an agent for Coca-Cola's beverages.

Peng Lizhi said angrily: "You have to exchange it with Taikoo Dockyard before the agency fee is negotiated? Taikoo Dockyard is much more expensive than your agency fee, and the market price is more than 4 million."

Wei Dong said indifferently: "I bid [-] million, but does Taikoo have any plans to sell it?"

My heart is pounding. Taikoo Dockyard has its own shipbuilding industry. It is said together with Huangpu Dockyard that it has an area of ​​230 million square feet and can build 50 30-storey residential buildings. On Hong Kong Island in Hong Kong, a company with such a large area Not much, if only I could buy it.

"Five hundred million?"

Peng Lizhi is also a little bit excited. The economic environment is improving now, but it is not clear whether it will rebound or reverse. Besides, Swire does not have a real estate company and has no plan to develop real estate. It mainly sells land and collects cash directly.

Based on the current valuation of Swire Dockyard and the valuation of the land at less than 25 million, Weidong will pay [-] million to buy it, which is a [-]% premium.

"In principle I can agree, it's just that I need cash to trade."

Wei Dong was overjoyed, tried to control his expression, and said, "There is no problem with cash, then the Chinese bank will keep it for agency fees next year, and I will only accept cash this year."

Taikoo wants cash, so Weidong's electronic watch agency fee also accepts cash.

Qi Dezun and the other three representatives were a little stunned. How could Taikoo Dockyard be sold in the blink of an eye?
Taikoo Dockyard is one of the two major dockyard groups in Xiangjiang alongside Huangpu Dockyard, so it was acquired by the Autumn Rain Group?
"Isn't this business too child's play?"

Wei Dong was afraid that Qi Dezun would spoil his good deed, and said, "I'm not buying a stake in the Swire Group, but just buying a shipyard. Let's continue talking about the agency fee for electronic watches."

Qi Dezun also had no reason to object to Swire's move. Swire Pacific holds 100% of the shares of Swire Dockyard, and it is not a listed company. It is estimated that they want to make a move to obtain a large amount of cash and wait and see.

Take the current Hutchison International as an example, the annual profit is less than [-] million, and the cash on hand is even less. In the past two years, no one had so much cash even if they wanted to sell Xiangjiang.

Asked: "Yi Sheng, we don't have cash to pay the agency fee, so we can only use the land to deduct it."

For foreign firms, it is the most cost-effective to buy land for money. Their own land has been held for decades, and the cost is very low. Now it is a very cost-effective deal to sell to Weidong's Qiuyu Group. Just go to auction the land with the money received.

"Okay, that is to say, the Swire Dockyard transaction and this agency right are two different things?"

Peng Lizhi said: "Swire can offset the agency fee."

If Swire did not sell Swire Dockyard, it would have to use other land to offset the agency fee. Now that there is money in hand, it is better to offset it directly.

Jardine, Wheelock and Yingzhijie all said that they could not come up with cash and could only use land or buildings to offset the deduction.

Weidong is of course willing to take the land or the building, but Peng Lizhi said:
"Let's negotiate first, and Taikoo can take over this."

Seeing that the other four companies had to pay the agency fees with their properties, Peng Lizhi also found that Taikoo could take over the real estate in the middle, and then use Taikoo Dockyard to deduct the agency fee, so that it would be very cost-effective to use Taikoo Dockyard to replace part of the real estate in Central , Taikoo Dockyard is located in the west of North Point. There is no buyer for the overall sale. It will be very convenient to sell the property in Central. It is easy to find a buyer and get most of the cash. It is very cost-effective.

The four foreign firms are also willing to sell the land to Taikoo, which is better than giving it to Weidong, a Chinese from the mainland. Just check the date of Weidong's ID card, and you can know that Weidong came from the mainland by swimming. It's also the reason why foreign firms and Xiangjiang executives don't like Weidong, even if it's a local Chinese in Xiangjiang, they can still have a recognition, but now they come here at such an age, it's strange that they can accept it.

The payment method was settled in a few words, and the foreign company raised its opinions on the North American region. Weidong had no choice but to give up his agency in the North American market, and the foreign company was still the agent.

The following is the bargaining of the agency fee. After some negotiation, the agency fee of [-] million a year will be signed first.

Wei Dong has already calculated that if he can sell 5 million electronic watches, the five foreign firms can earn 6-2 million, and if the agency fee of 6000 million is removed, one family can earn [-] million, which is already a very profitable business.

However, Weidong earns more. An electronic watch earns 25 Hong Kong dollars, and selling 25 million pieces earns [-] billion Hong Kong dollars. As long as he is in charge of production and designing some new appearances, foreign companies can also design and model by themselves and entrust Weidong to produce. .

It wasn't until the lights came on that the general framework of the negotiations was completed, that is, Weidong bought the Taikoo Dockyard Company with one year's agency rights plus [-] million in cash.

After leaving the door, Wei Dong was very happy. This is really a good deal. It seems that Taikoo Dockyard is not worth [-] million yuan, but it is impossible to buy such a large site on Hong Kong Island. If you go to auction land, you will be surrounded and suppressed by foreign firms. How can you enjoy such a purchase.

230 million square feet can build tens of thousands of houses, and there are large supporting commercial areas, enough to accommodate more than [-] people, not to mention the equipment of a shipyard. Swire Dockyard has a [-]-ton shipyard, and The two [-]-ton shipyards can manufacture and repair ships below [-]-ton, which can just enter the shipbuilding industry.

When Weidong returned to Deep Water Bay, Qin Xiayue and Yan Jiedi were already waiting for Weidong, Qin Xiayue complained:

"You still know how to come back?"

Angrily, she stepped forward and pinched Qin Xiayue's swollen cheeks. After letting go, she said with a smile, "I'll buy you a city today."

"Buy a city?"

Qin Xiayue said angrily: "Hurry up and wash your hands and eat, we are all hungry."

Yan Jiedi also urged, "That's right, eating is the biggest meal in the world, and we are all hungry."

Wei Dong shook his head and went to wash up first, and had dinner first when he came back. The two of them were also a little concerned about Wei Dong's current company, and chatted while eating. Wei Dong explained the two negotiations in detail.

Qin Xiayue asked in surprise, "You said you bought a shipyard for [-] million?"

"Yeah, it's very big, and it can accommodate 6 to [-] people. Isn't this a city?"

Later generations of Swire Pacific used this piece of land to build Taikoo City. There are 50 30-storey high-rise buildings, and this piece of land alone has made a lot of money.

Yan Jiedi blinked: "Didn't you say they are from the same city?"

Wei Dong laughed and said, "I'm buying the land first, and building it later. This Taikoo Dockyard Company is under your name, and when it's developed, I'll build a castle for you. You are my princess, and I'm your guardian." Knights, I will protect you with my spear forever."

As soon as Yan Jiedi's nose was sour, Weidong Wei knew how to make himself happy. The company bought for [-] million would be put under the name of himself and Qin Xiayue, and Weidong sandwiched a piece of pork ribs and said with a smile, "You will be rewarded."

Wei Dong called Qu and said, "This pork rib is really expensive, it's worth [-] million."

Qin Xiayue also added another piece and put it in Weidong's bowl: "Two yuan is worth it!"

"It's worth it. I have two beautiful wives who are worth it in this life."

Yan Jiedi had already held a wedding with Weidong, so she was used to addressing her as his wife.

Qin Xiayue was very shy, kicked Weidong under the dining table, and said angrily: "Eat your meal, two ribs can't cover your mouth."

Wei Dong chuckled twice, and stopped irritating Qin Xiayue.

After eating and going upstairs, Qin Xiayue brought herbal tea and said, "School is about to start now, when will Xie Di and I go to Beautiful Country?"

Wei Dong pondered for a while and said, "Wait for two days, and I'll charter a flight to take you there after signing the Taikoo Dockyard Company agreement."

"You want to charter a flight? Air tickets are not cheap, why do you want to charter a flight?"

Wei Dong said: "Don't you think there is too much smog on the plane? It took more than ten hours. It happens that Cathay Pacific belongs to Swire Pacific. I'll ask for a first-class cabin later."

"It's enough to bear with the smog, but it costs a lot of money to charter a plane?" Yan Jiedi is still very frugal, and feels that Weidong's chartering a plane is a bit wasteful.

Wei Dong drank the herbal tea and said, "I'll make a lot of money with the digital watch right away, not to mention chartering a plane, I want to buy one even if it's a big plane, and it's more comfortable to be my own plane when I go out in the future."

Seeing that Yan Jiedi still wanted to say this again, he persuaded him: "Stop talking about this, who will sleep with me today?"

Yan Jiedi pushed Qin Xiayue into Weidong's arms and said with a smile, "Miss Xiaoyue just came today, so of course it is Miss Xiaoyue who accompanied you."

Yan Jiedi turned and ran to her room, Wei Dong picked up the shy Qin Xiayue, and asked softly, "I haven't seen you for a few days, do you miss me?"

"I don't want you little bastard!"

"Duplicity, you have to call my brother later to forgive you."

(End of this chapter)