Rebirth: The Era of Hong Kong Tycoon

Chapter 203 [Cut Hu]

In fact, Lin Rongheng was a little too vigilant. In his previous life, Li Chaoren began to secretly buy shares in Wharf in 1978. It took him a year to secretly buy 2000 million shares, accounting for 20% of Wharf's shares. Jardine Matheson was not alerted.

However, the Xiangjiang stock market is currently only 390 points, and there is still a big drop until it falls to 150 points, so there is no need to worry.

Finally, Lin Rongheng said: "I will spend another [-] million Hong Kong dollars to increase my personal shares in Evergrande Real Estate, Universal Pictures, and Modern Newspaper."

Ye Tianhe helped Lin Rongheng cash out the stocks of these companies at the beginning, so he naturally knew the specific shareholding of Lin Rongheng, and it is not surprising to see Lin Rongheng increase his holdings now.

"Well, I will assist the boss to increase his holdings!"

At present, the total share capital of Evergrande Real Estate is 9576 million shares, of which Lin Rongheng holds 2250 million shares, accounting for 23.5% of the shares; I can't fall anywhere.Lin Rongheng plans to increase his holdings by 10.3 million shares, accounting for about 10% of the shares. It is estimated that he will need 9.9 million Hong Kong dollars in funds.

At present, the total share capital of Modern Newspaper is 5500 million shares, and Lin Rongheng holds 1415 million shares, accounting for 25.8% of the shares; the share price of Modern Newspaper is 3.8 Hong Kong dollars per share, with a market value of 2.1 million Hong Kong dollars.Lin Rongheng intends to increase his holdings to 70% at a cost of about 0.8 million Hong Kong dollars.

At present, the total share capital of Universal Pictures is 4400 million shares, of which Lam Wing Hang holds 1350 million shares, accounting for 30.7% of the shares; the stock price of Universal Pictures is 6.3 Hong Kong dollars per share, with a market value of 2.8 million Hong Kong dollars.Lin Rongheng intends to increase his holdings to 60% of the shares, which is expected to cost 7000 million Hong Kong dollars

The increase in holdings of the three companies will be completed within 1974, requiring a total of 4.5 million Hong Kong dollars in cash.And Lin Rongheng only gave Ye Tim and 1 million Hong Kong dollars in cash, which is naturally far from it.

Not only that, Lin Rongheng personally also needs to buy bottoms in real estate, so he urgently needs 10 billion Hong Kong dollars in cash.

If you choose to use the gold deposited in HSBC to make a loan, the problem is not very big, but you need 1.5 million Hong Kong dollars in interest (one year); and the current gold has risen to 171 US dollars per ounce, which is 186 US dollars per ounce at the end of the year. The price has only increased by 8%, so I can completely sell gold worth 10 billion Hong Kong dollars.

So in March, Lin Rongheng asked HSBC to sell 28 tons of gold for himself, accounting for about one-third of Lin Rongheng's total gold in HSBC.

In April, Swire Properties announced that it will build a commercial center, schools, theaters and residential buildings in the 4 million-square-foot Taikoo Dockland complex. A high-end residential building with a height of 230 to 50 floors, more than 28 residential units, which can accommodate 32 people, and a large-scale commercial shopping center-Swire Center; the entire plan is expected to take 10000 years, with a total investment of about 4.5 billion.

It was out of desperation for Swire Properties to announce the news at this time.

In 1972, the Swire Group saw that Hong Kong’s real estate industry was booming, while the world’s shipping industry began to slump, so it established Swire Properties Limited to enter the real estate industry. It planned to close the Swire Dockyard and use its huge real estate as real estate development.

However, at the beginning, the Swire Group lacked real estate professionals. In order to absorb real estate experience, in 1973, it jointly acquired the small real estate company Jiancheng Real Estate with Chen Detai's Dachang Real Estate and reorganized it as Swire Development.

Swire Properties has learned two years of experience in real estate, and finally made a decision to implement the huge plan of 'Taikoo Shing'; although it is now a real estate trough, Swire Dockyard has been closed for nearly two years. If it is not developed, it is obviously a kind of Waste of resources.

Besides, even if the real estate market is at a low point, the land and property prices are still about the same as those in early 1972; it is precisely because of this that preparations for the Taikoo Shing project have begun.

The announcement of Swire Shing's plan had nothing to do with Lin Rongheng, but Lin Rongheng was keenly aware of the opportunity, that is, as far as he knew, Swire Pacific had not yet established enough confidence in real estate, and its management style was conservative.

past life.

The initial start-up capital of Taikoo City was through the sale of part of the land in Saixi Lake and Taikoo Valley, which was sold for 1.25 million Hong Kong dollars; as a result, Changjiang Industrial, which purchased Saixi Lake, and Nanfeng Development, which purchased No. 1 Taikoo Valley, made huge profits. profit.

Among them, the Saixi Lake site is located in the mid-level area of ​​North Point, Hong Kong Island. The site is in the famous scenic spot - Saixi Lake, with an area of ​​about 86.4 square feet. At that time, Li Chaoren set aside a land of 5.3 square feet to build 10 high-end residential buildings. The building is 24 stories high, with a building area of ​​more than 130 million square feet. It is planned to be completed in two years; users who purchase the building can also get a parking space. The development of the building is in the middle and later stages, when real estate is booming, and the profit from residential buildings is 1.3 million. Hong Kong dollars.

For the remaining 94% of the Saixi Lake site, Li Chaoren built a large-scale event venue integrating entertainment, sports and leisure, which is connected with the beautiful Saixi Lake scenic spot.

Li Chaoren bought the Saixi Lake land for only 8500 million Hong Kong dollars. As a result, he not only made a net profit of 1.3 million Hong Kong dollars, but also made a long-term property.

Among them, the Taigu Shanggu No. 4000 lot was bought by Nanfeng Development Co., Ltd. for more than 70 million Hong Kong dollars, and the famous Nanfeng New Village in the 12s was built. The whole project includes 28 residential buildings with 32 to 2800 floors, totaling more than 500 square meters. Each unit ranges from 700 square feet to [-] square feet, and there are two levels of parking and garden decks attached.The net profit of this project is as high as hundreds of millions of Hong Kong dollars. With this project, Nan Fung has become an important real estate group in Hong Kong in one fell swoop.

at this time.

Evergrande Real Estate has never built a project with more than 500 residential units. These two sites are just suitable for Evergrande Real Estate to enter the field of large-scale housing estates.

Thinking of this, Lin Rongheng called Zhang Ruohuai who was in charge of the land purchase.

"Swire Properties announced the Taikoo City project. They will definitely need to prepare start-up funds. With their conservative business strategy, they will definitely think of selling their land to obtain start-up funds. You go to contact them and say that we intend to buy their Saixi Lake land , and Lot No. 1 in Taikoo Valley. As for the specific price, please don’t quote yet, if they are interested, I will talk to Shiyock personally!”

Such a huge deal naturally requires the leaders of both parties to negotiate, and Lin Rongheng knows the 'reserve price', which is naturally beneficial to the negotiation.Of course, in order to attack the development of Cheung Kong, Lin Rongheng said that he would not care if it was a little more expensive.

Seeing that Lin Rongheng knew so much about Xiangjiang's land and its ownership, Zhang Ruohuai was not surprised. The boss had a superb memory and usually liked to inquire about various properties in Xiangjiang. He was even more proficient in property sales than himself.

"Well, I'll go get in touch first!"

"Remember to be sincere, there is no need to make it appear that others have to sell it to us just because the real estate market is at a low ebb now!"

"I know, I won't make this mistake!"

"Well, let's go!"

The future planning of Evergrande Real Estate in terms of real estate development must be based on the construction of large-scale housing estates. A large-scale housing estate has thousands of residential units, and the overall living environment is more pleasant, and it is also more popular with Hong Kong residents.

(End of this chapter)