Rebirth: The Era of Hong Kong Tycoon

Chapter 302 [Convention and Exhibition Center]

Lin Rongheng came to the Hong Kong Development and Trade Council, intending to discuss cooperation matters with Tang Lianru, chairman of the Hong Kong Trade Development Council.

Established in 1966, the HKTDC is a semi-official organization. The HKTDC was established in response to the development of Hong Kong's foreign trade.Hong Kong's foreign trade has been increasing year by year. Last year (1982) the total export volume exceeded 1500 billion Hong Kong dollars, thanks to the HKTDC.The HKTDC frequently organizes Hong Kong manufacturers to go overseas to promote their products, and organizes expansion activities for various industries or products in Hong Kong and overseas.

The current chairman of the Trade Development Council, Deng Lianru, took office in March this year. Compared with her previous predecessors, Deng Lianru's age and qualifications are a little younger; but after taking office, Deng Lianru's ability was immediately highlighted. The amazing performance makes people no longer doubt her ability.

As early as the MacLehose era (1971-1982), Sir MacLehose planned to allocate a piece of land in the Wan Chai reclamation site for the development of exhibition venues by the Trade Development Council.

However, after Sino-British negotiations, MacLehose's resignation, and the original interested real estate developers retreated one after another, the matter was delayed again and again.

According to Lin Rongheng's guess, New World should also express its intention at this time, but Zheng Yutong should not dare to sign a contract with the Trade Development Council before the outcome of the Sino-British negotiations.

Arriving at Deng Lianru's office, after being polite, Lin Rongheng sat on the sofa.This is not the first time the two have met, so there is no sense of strangeness.

Lin Rongheng took the lead in saying: "The depreciation of the Hong Kong dollar will inevitably drive the export of Hong Kong products, and Hong Kong's export trade will usher in new opportunities for development."

Deng Lianru nodded and asked, "Xiaomi Electronics is a big exporter in Hong Kong, and its growth rate has been very fast in recent years." The voice changed: "But I believe that the purpose of Mr. Lin's visit is not to discuss export trade with me, right?"

Send your own army?
Lin Rongheng smiled and said, "Ms. Deng is shopping around?"

Deng Lianru was taken aback, and immediately thought of the meaning of Lin Rongheng's words!Zheng Yutong from New World also expressed his intention to participate in this project!

"For such a huge public project, it is common to shop around!"

Lin Rongheng nodded, and then said: "Then let me talk about our sincerity and advantages of Evergrande: first of all, Evergrande is willing to invest in this project immediately, and with a batch of land from the Trade Development Council, we can start groundbreaking immediately, so that We can let the Trade Development Council have an exhibition venue in advance."

"Secondly, once the contract is signed, Evergrande Group can pay the annual rent required by the Trade Development Council before the completion of the project (the Trade Development Council currently has no property, and the leased Great Eagle Center is the venue); and pay the Trade Development Council 1 million Hong Kong dollars The funds will be used as the activities of the Trade Development Council."

"In the end, Evergrande Real Estate will bear all the costs including construction costs, and promise to invest no less than 25 billion Hong Kong dollars in construction costs, and build the Hong Kong Convention and Exhibition Center into a first-class convention and exhibition center in Asia."

Deng Lianru was very moved. As the chairman of the HKTDC, she naturally hoped that the construction of the Hong Kong Convention and Exhibition Center would start as soon as possible, and the larger the investment, the better. These are all credits to her position as the chairman of the TDC.

Next, the two discussed the issue of the division of property rights. Lin Rongheng gave two plans, one with land compensation fees and the other with no land compensation fees.But regardless of the plan, there is no problem for the Trade Development Bureau to obtain the property rights of the seven-storey podium below.

If Evergrande Real Estate needs to pay the land compensation fee, then Evergrande Real Estate will naturally demand all the property rights of the four properties on the podium; if it does not need the land compensation fee, Evergrande Real Estate can also sell the two hotel buildings to Lin Rongheng's personal company, After deducting the construction fee of the hotel building, both parties will share the profits equally.

In Deng Lianru's view, she is confident that this project will be regarded as a public project, and the Hong Kong government will not ask the TDC for land compensation.

So in this way, the Trade Development Council can obtain the property rights of the seven-story podium building and the profit sharing of the two hotel buildings, which is indeed a very cost-effective investment.

In the eyes of outsiders, since the Bureau of Trade can’t tell, and Evergrande Real Estate paid more than 26 billion Hong Kong dollars, they must feel that Evergrande Real Estate is stupid; but once the Sino-British negotiations are over and the crisis is over, everyone feels that Evergrande Real Estate has taken advantage of it.

But these are not important. The important thing is to reach an agreement with the Trade Development Council and reach an agreement before the end of the Sino-British negotiations.

This conversation is an official condition for both parties to speak out. Although only two people are talking, it is believed that the two parties can sit together for a formal discussion soon.

On New Year's Day in 1984, Evergrande Real Estate and the Hong Kong Trade Development Council reached an agreement to jointly build the Hong Kong International Convention and Exhibition Center in Wan Chai, Hong Kong Island. The Trade Development Council provided the land, and Evergrande Real Estate was responsible for the construction. According to the agreement, the two companies respectively occupy the rights and interests of the group.

The specific distribution of rights and interests is kept confidential, even in the future.

At this time, the Development and Trade Bureau has not yet received the land approval from the Hong Kong government. In the MacLehose era, the Hong Kong government already had the idea of ​​drawing a piece of Wan Chai reclamation land for the Development and Trade Bureau.

Government House.

Lin Rongheng and Deng Lianru discussed with the Governor Youde and other high-level officials of the Hong Kong government. The purpose of this trip was not only to allocate a piece of land, but also to treat the exhibition center as a large-scale public project, because it would save a land premium fee.

Youde said tentatively: "Mr. Lin always surprises people, but when the real estate market is sluggish, he does the opposite and invests heavily!"

Lin Rongheng said with a smile: "This is my investment philosophy - be fearful when others are greedy, and be greedy when others are fearful!"

People in the room looked sideways, but they all investigated Lin Rongheng and found that it was true; that's why in just 14 years, he became the richest person in Xiangjiang.

How much money Lin Rongheng has, I'm afraid no one can tell, but the wealth he already knows is ahead of the rest of Xiangjiang.

Lin Rongheng played Tai Chi and said: "I believe that everyone hopes that Hong Kong will prosper and develop, so no matter what the outcome is, Hong Kong's economy will soon flourish again. Hong Kong is my home, and I have no reason to be at a loss and pessimistic about it."

Lin Rongheng's influence is very large, because he is not only a real estate developer, but also has made a great contribution to Hong Kong. Xiaomi Electronics alone has 3 workers, and other companies have close to 10 employees.

It’s good for Youde to see good things. These top businessmen are also very important to the UK. After all, they can invest in the UK, and after all, Hong Kong is still under the British rule. These top businessmen have a great effect on maintaining social order; This one made a very big contribution.

Next, the two parties discussed the site of the exhibition center. Deng Lianru did have the ability to state the importance of the exhibition center and the architectural landmarks of Wan Chai's waterfront.

On the Hong Kong government side, after discussions, the demand for the convention and exhibition center was affirmed.

In the end, the Hong Kong government decided to give a piece of land of 35 square feet to the Trade Development Council, and the land supplement fee would not be charged.

(End of this chapter)