Rebirth: The Era of Hong Kong Tycoon

Chapter 102 [Cooperation]

After the foundation laying ceremony, there will be a simple open-air reception, where everyone can enjoy refreshments and wine, and get together to chat.

Liao Liewen walked up to Lin Rongheng with three people, and said with a smile: "Boss Lin, let me introduce you. These three are the three masterminds of Sun Hung Kai—Guo Desheng, Li Zhaoji, and Feng Jingxi. This is Evergrande Real Estate. Lin Rongheng."

The Three Musketeers were invited by Liao Liewen to visit. Liao Liewen is a banker in Xiangjiang, so he is familiar with real estate developers. Liao Liewen is the main supporter of later generations of Lee Shau Kee.

Lin Rongheng naturally knew the Three Musketeers, which accounted for two of the four major families; if Feng Jingxi had not died early, his achievements would not be lower than the other two; not to mention that the achievements of Sun Hung Kai Bank may be even higher, Feng Jingxi is also with Bank of Merrill Lynch, France Baili Group formed a financial iron triangle company spanning Asia, Europe, and America; later Feng Jingxi also became a shareholder of Bank of Merrill Lynch and became the largest individual shareholder.

Of course, Feng Jingxi's two sons were also very rich overseas. The eldest son controlled the largest media company in Canada, and the youngest son invested tens of billions in Australia to develop the gaming business.

It can be said that the later Feng family is still powerful, and no one knows their real wealth.

Lin Rongheng stretched out his right hand and shook hands with the Three Musketeers one by one, his aura was no less than that of these long-established real estate tycoons.

Money is the guts of a man. The assets of Evergrande Real Estate and Evergrande Holding Group have reached more than 4.5 million Hong Kong dollars. Although the debts are also as high as more than 2 million Hong Kong dollars, it does not affect Evergrande Real Estate as the "boss" of Huazi Real Estate.

After being polite, Feng Jingxi took the lead and said: "Only by going public can Hua-funded real estate companies compete with traditional British-funded real estate developers; Boss Lin understands this truth the most and implements it perfectly!"

Lin Rongheng said with a smile: "It's actually very simple to go public, but Evergrande Real Estate's success has too many factors, I believe Feng Sheng understands it very well! Otherwise, why wouldn't Sun Hung Kai, Hang Lung, Dachang and other large Chinese real estate developers choose to go public immediately?"

Since February, Xiangjiang's stock market has not been doing well, and has already begun to adjust; any company boss with a little bit of economic acumen will not choose to go public at this time.

Feng Jingxi nodded and said, "Evergrande Real Estate is indeed a high-quality stock. With the advantage of 'unlimited loans, interest is only 10%', no one can compare to Lin Sheng's magical powers!"

Lin Rongheng didn't comment or deny, he kept secret about these things and kept it mysterious.

Then, Lin Rongheng proposed cooperation to Guo Desheng: "Guo Sheng, Evergrande Real Estate is also very interested in industrial buildings. Sun Hung Kai Properties is the leader in this field, but I wonder if we can cooperate once?"

Since the 60s, when small and medium-sized factories in Hong Kong were booming. After the establishment of Sun Hung Kai, Kwok and others learned about the urgent needs of small and medium-sized manufacturers for multi-storey industrial buildings by virtue of the relationship they established with the industry when they operated Japanese zippers. Therefore, the sales method of "sell in layers and pay by installments" was transplanted to industrial buildings, focusing on the development of the multi-storey industrial building market, which was welcomed by knockoff factories.

During this period, Sun Hung Kai not only gained a firm foothold in real estate, but also dominated the multi-storey industrial building market; from 1965 to 1972, Sun Hung Kai Properties sold buildings with a total value of about 5.6 million yuan; in other words, the average annual sales of buildings The amount is as high as 7000 million Hong Kong dollars.

At present, Evergrande Real Estate is still a blank in terms of industrial buildings, so Lin Rongheng hopes to cooperate with Sun Hung Kai Properties to accumulate some experience in this field.

Industrial buildings would be devastated during the "oil crisis" in October 1973; however, in 10 and 1976, Hong Kong's economy recovered and the demand for factories increased greatly. In those two years, factory buildings were still relatively profitable.

As long as Evergrande Real Estate accumulates experience, it can get a batch of industrial land from 1974 to 1975, and it will make a lot of money.

Regarding the cooperation proposed by Lin Rongheng, Guo Desheng did not hesitate too much, and said: "Of course there is no problem with cooperation, but the way of cooperation is that we form a company and jointly invest in land purchase and construction, or one party contributes the land and the other party contributes? "

Guo Desheng has three ideas: Evergrande Real Estate has great prospects for development, and there are still many cooperations between the two parties in the future. He will definitely not refuse this cooperation; Cooperation can bring considerable profits to both parties.

So, cooperate, cooperate, cooperate!

Lin Rongheng said: "If your company has industrial land, we can form a real estate company first, and the capital injection ratio of both parties is the same; after the capital injection is completed, the new company will first use the funds to purchase the land from Sun Hung Kai Properties, and then develop together. Of course, we Evergrande Real Estate is a novice in industrial buildings, and Sun Hung Kai Properties has to take charge of the overall situation. If Sun Hung Kai has no suitable industrial land, then the newly formed real estate company will buy industrial land and develop it together!"

Guo Desheng, Lee Shau Kee, Feng Jingxi, Liao Liewen and others were a little surprised. This kind of cooperation is the first time in Xiangjiang, and this kind of cooperation seems to be a little 'unfriendly'.

Why do you say 'unfriendly'?
Because this kind of cooperation is relatively 'fair', but for real estate developers with development experience, it is not so fair!

Generally speaking, real estate developers with experience in real estate development prefer to cooperate with real estate developers and enterprises who have no experience in real estate development but own land; Fifty five points.

This kind of cooperation is of course very beneficial to experienced real estate developers. They only need a small amount of start-up capital to complete the project with loans and off-plan sales.

If Sun Hung Kai Properties and Evergrande Real Estate cooperate in this way, then Sun Hung Kai Properties will be at a 'disadvantage', because Sun Hung Kai Properties has experience and has to take out the land.

Of course it depends on what you think!
In the previous life, Wheelock and Li Chaoren in the era of the Madden family cooperated in this way. Of course, the Madden family also asked for an extra valuation fee.

Guo Desheng still said straightforwardly: "Sun Hung Kai has a suitable piece of land in hand, so let's use the first cooperation method, how about it?"

Lin Rongheng responded: "Of course, the land price is purchased at a premium of 1% of the market price. After all, it takes time and uncertainties for us to go to auction or search."

A piece of industrial land is not worth much, and everyone just wants to pave the way for future cooperation through this cooperation.

After chatting for a while, everyone scattered around again, each finding someone to communicate with.

(End of this chapter)