Rebirth: The Era of Hong Kong Tycoon

Chapter 204 [Chinese Travel]

Lin Rongheng holds shares in Evergrande Real Estate through two channels: one part is held by Evergrande Holding Group (a wholly-owned company), accounting for about 8% of the total share capital of Evergrande Real Estate; the other part is held by Lin Rongheng himself It is held in name, accounting for about 15.5% of the total share capital of Evergrande Real Estate.

This increase in the shares of Evergrande Real Estate is all in the name of Evergrande Holding Group, and Lin Rongheng's personal bargain hunting is also in the name of this company.

Since 1974, Lin Rongheng has been searching for high-quality properties in Hong Kong, intending to buy the bottom.

Strictly speaking, the decline rate of high-quality properties is not large, it should only be about 25%, and the price should be similar to the price in the second quarter of 1972; Very unlikely to sell.Therefore, this is the opportunity brought about by the real estate plunge!

At the beginning of the year, Lin Rongheng began to test the two major families of Chinese Real Estate, and proposed to buy the Chinese Bank under Chinese Real Estate, and finally made progress in April.

At this time, Huaren Real Estate is not Liu's property. At this time, Liu is still studying abroad!

At this time, the bosses of China Real Estate and China Entertainment were actually two big families—the Feng Bingfen family and the Li Fushu family, and the two families served as the chairman of the two companies respectively.

Both Li Fushu and Feng Bingfen came from the old and famous families in Hong Kong. Li Fushu is a descendant of Li Shipeng, the brother of Li Fuzhao, the godfather of the Hong Kong stock market.Feng Bingfen is the son of Feng Pingshan, the founder of the Bank of East Asia. He is now a member of the Legislative Council and the Executive Council. In 1971, he was awarded a knighthood by the British Royal Family.

And Lin Rongheng's property under Huaren Real Estate - Huarenhang is also well-known in Xiangjiang.

According to legend, there is such an anecdote about the origin of the Chinese business: At the beginning of the 20th century, the central ring of Hong Kong Island was dominated by foreign companies, and Chinese businessmen wanted to become a place where there was no place in the central ring.At that time, a real estate developer built a commercial and office complex in Queen's Road Central. After the building was completed, Chinese people rushed to occupy it and rent it.At that time, foreigners always thought they were superior and disdain to live in the same building with Chinese. Foreigners who had paid deposits quit the group one after another, so this building became an "independent kingdom" for Chinese, and the name of the building was changed to "Chinese House". Few Chinese made their fortunes from the Chinese line.

One of the most influential things happened in Huarenhang: Li Fuzhao, the godfather of the Hong Kong stock market, conspired with Huarenhang in 1963 to establish a stock exchange to compete with Hong Kong, and secretly installed 150 telephone lines to Huarenhang. At the end of 1969, the Far East Exchange was declared open.

Historically, HSBC also acquired the property rights of Huaren Bank in 1974.Because of the age of the building, the building is very old, and because the China Building is located in the central banking district with many high-rise buildings, the original China Building has gradually become a dwarf.So in 1976, HSBC demolished the old Chinese Bank to clear the site for the development of new rental properties.

As a result, Shen Bi fell in love with Li Chaoren and chose to cooperate with Changshi. Changshi gained not only profits in this battle, but also the favor of HSBC and a huge reputation.

this life.

Naturally, Lin Rongheng did not allow this kind of thing to happen, so he contacted the two big families of Chinese real estate early on, even if it was a little higher than HSBC, he would not hesitate.

In a meeting room of the Chinese Bank, Lin Rongheng brought Zhang Ruohuai and his lawyer to discuss the deal with Li Fuzhao, Feng Bingfen and others.

The Huaren Building occupies a small area. If it is rebuilt, it can only apply for a height of 20 floors, and the property area will not exceed 30 square feet. However, the location is excellent, located on the west side of the Landmark Plaza.If the building is rebuilt, the lower floors can be rented out as shops.

In the previous life, after the rebuilding of the Chinese Building, it was a comprehensive building with an area of ​​24 square feet and a height of 22 floors. , are all controlled by computer.The interior decoration is luxurious and elegant, integrating national style and modern atmosphere. The reconstruction of the entire Chinese Bank cost 2.5 million Hong Kong dollars, which shows that HSBC attaches great importance to it.

If Lin Rongheng wins, he will naturally spend huge sums of money on reconstruction.

The prices of buildings in Central are also determined according to their geographical location. The prices of buildings in Central such as Li Jing Building and Universal Building owned by Evergrande Real Estate are currently around 5000 million Hong Kong dollars; The price of 7000 million Hong Kong dollars.

Li Fuzhao and Feng Bingfen still felt that it was not enough, which led to a stalemate between the two sides for three months. Now that Xiangjiang Property is still falling due to the oil crisis, the two finally contacted Lin Rongheng to sell the building.

The two parties met and flattered each other for a while. They were actually acquaintances. Evergrande Real Estate had long-term business contacts with Bank of East Asia, and Li Fuzhao was also the CEO of Bank of East Asia. They had a lot of contacts.

Feng Bingfen said with a smile: "Evergrande Real Estate has rebuilt commercial buildings extensively in the past year or so. I didn't expect to be interested in the Chinese business!"

Lin Rongheng said generously: "I personally bought this building and planned to rebuild it and use it for rent collection. You two also know that the current Chinese shop in the Central Banking District already exists like a dwarf, so I It is planned to spend huge sums of money on reconstruction to build it into a first-class Grade A commercial building.”

Li Fuzhao and Feng Bingfen immediately thought of the rumors in the market——Lin Rongheng cashed out a lot of wealth when the stock market was at its high point. Some people said that Lin Rongheng cashed out and made a fortune. It seems that this man really has a large amount of cash in his hand, and now he just entered the real estate market to buy the bottom. .

Feng Bingfen nodded, and praised: "You really need to be as courageous as Mr. Lin in order to make money in business! Evergrande Real Estate has already ranked first among Huazi real estate companies in just a few years. leader!"

Lin Rongheng said modestly: "It's all luck and the support of the bank's donors. The Bank of East Asia provided a lot of loans at the beginning!"

Li Fuzhao said from the side: "The cooperation between the two parties is mutually beneficial, Lin Sheng is humble!"

After a while of touting, Feng Bingfen took the lead to say: "Mr. Lin wants to buy the Huaren Building. The board of directors has passed the motion. The price will be based on Mr. Lin's last quotation of 7500 million Hong Kong dollars."

After finishing speaking, both Feng Bingfen and Li Fuzhao were a little nervous, a little worried that Lin Rongheng would press down on the price again.

At the beginning, Lin Rongheng asked for 7000 million Hong Kong dollars, and Chinese Land offered the highest price of 8000 million Hong Kong dollars. Afterwards, the two parties negotiated several times through the people below.Now that the real estate market has fallen again, Chinese Properties naturally hope to sell it at HK$7500 million.

At this time, Lin Rongheng naturally didn't dare to procrastinate any longer. If the wealthy HSBC intervened now, wouldn't everything be ruined.The reason why it has been delayed for three months is that Lin Rongheng mainly considers that the Chinese buyers do not have much determination to sell the property, so he wants to wait until they see the current real estate situation clearly.

Now, when China Real Estate contacted him actively, Lin Rongheng had already decided that even if it was 7800 million Hong Kong dollars, he would take it.

In fact, what Lin Rongheng didn't know was that in his previous life, HSBC took down the Huaren Building with only 7100 million Hong Kong dollars, but the time was in the second half of the year, when the real estate had already fallen to the bottom.

Lin Rongheng said straightforwardly: "Of course, I'm not the kind of person who takes advantage of the market to lower prices!"

I only consider whether the owner of the high-quality property is determined to sell it. As for the high and low prices, there is no big problem.

Strictly speaking, the deal of Hua Renhang is already the most infamous transaction, and it is impossible for Lin Rongheng to be so infamous in the future.

Seeing Lin Rongheng readily agree, everyone is happy!

Huaren Real Estate did not have the strength to rebuild Huarenhang, and was able to sell Huarenhang at a high price around the first half of 1972. It was natural to be happy; Lin Rongheng himself had already set his sights on the future, even if it was 1 million Hong Kong dollars, he would not hesitate until the second half of the year of.

(End of this chapter)