Rebirth: The Era of Hong Kong Tycoon

Chapter 307 [The King of the Golden Bell]

In February 1985, the Hong Kong government decided to allow International Containers and Modern Containers to jointly develop Container Terminal No. 2.

International Containers is a container company under Hutchison Whampoa, and currently holds the right to operate container terminals No. [-] and No. [-].

After the Hong Kong government announced the ownership of Container Terminal No. [-], Lin Rongheng immediately asked Ma Shimin to discuss with Modern Containers, exchanging the operating rights of Container Terminal No. [-] for half of the equity in Container Terminal No. [-].

The shareholders of Modern Containers readily agreed. It turns out that Modern Containers currently owns Container Terminal No. [-] and Container Terminal [-]. If half of the rights and interests in Container Terminal No. The five container terminals are connected together, from north to south are No. [-], No. [-], and No. [-].

Why would Hyundai Containers not want to be able to connect its container terminals together?
And Hutchison Whampoa is naturally very happy, because No. [-] and No. [-] are next to each other, separated by a small seaport; and there are six berths in No. [-] Container Terminal, while the exchanged No. [-] Container Terminal has only two berth.

This is equivalent to one more berth for Hutchison Whampoa, but it needs to invest in construction.

But in any case, after this exchange, Hutchison Whampoa owns Container Terminal No. 4 (6 berths) and Container Terminal No. 4 ([-] berths), occupying [-]% of the berths in Kwai Chung Terminal.

At present, among the six container terminals in Kwai Chung, except for No. [-], which is owned by the American freight company, the rest are owned by International Containers (Hutchison) and Modern Containers (a joint consortium).

The occupied area of ​​Container Terminal No. 1 is almost the sum of Container Terminals 2, 5 and [-], so Lin Rongheng intends to allow Hutchison Whampoa to develop this container terminal well.

In the end, after high-level discussions, Hutchison Whampoa decided to spend 20 billion Hong Kong dollars to develop Container Terminal No. [-] into a world-class container terminal, improve the efficiency of freight flow, break through the limitation of Hong Kong's lack of space, and eventually become a global leader in the industry.

After the Wharf Group was privatized, Lin Rongheng began to intensify his efforts to develop it, determined to make the Wharf Group the largest commercial real estate company in the world.

Currently, Wharf Group owns two large commercial centers - Harbor City and Times Center (under construction).

Soon, another opportunity came.

Lin Rongheng and Zhang Ruohuai were discussing in the office, and a portable wireless phone on the desk was very eye-catching.

"How about it, is the portable wireless phone that you are assigned to work?"

Zhang Ruohuai showed a smile on his face, and said happily: "It's so easy to use. With this thing, the efficiency of work is high! Also, the children at home are urging me to buy one for him!"

Hutchison Telecom launched Motorola's portable wireless phone at the beginning of the year, which was very popular among Hong Kong businessmen. The first batch of 500 units were sold out as soon as they were shipped back to Hong Kong. You must know that this thing is not cheap, and the equipment alone sold for 39900 Hong Kong dollars. Phone calls are charged by the minute.

The child in Zhang Ruohuai's mouth is his eldest son, who is actually 22 years old this year. After graduating from university, he worked in Hutchison Whampoa.

Lin Rongheng meddled in his own business and said, "Let's save that money. It's not good for the impact. He is a small employee with a mobile phone worth tens of thousands of Hong Kong dollars. Others think he is a son of a certain family!"

Zhang Ruohuai nodded and said, "I have already refused!"

As an executive of Lin Rongheng's real estate giant, Zhang Ruohuai's salary is as high as several million Hong Kong dollars a year. In terms of salary level, it is almost among the top 20 existences in Hong Kong. Besides, some stock approval rewards, and investing with Lin Rongheng, Zhang Ruohuai's net worth is already tens of millions, comparable to Middle businessman.

Closer to home, Lin Rongheng said: "The auction of No. [-] Victoria Barracks in Admiralty is coming soon. This auction is regarded by the real estate industry as a sign of the market's winter and summer. The land, or the Victoria Barracks No. [-] land in the future, will be an important part of the Wharf Group, and no matter how high the price is, it must be won."

Zhang Ruohuai has no pressure. The Wharf Group belongs to the boss's private company (the remaining 10% of the shares have been acquired by the court), and the boss's financial resources are unfathomable, so a mere 11.5 square feet of land in Admiralty, No consortium has robbed it.

Zhang Ruohuai said: "The boss is planning to build Victoria Barracks into a large commercial center?"

The entire Victoria Barracks is a full 28.7 square feet, isn't it just right to build a large commercial center?

Lin Rongheng nodded and said: "I have calculated that the entire Victoria Barracks can build a floor area of ​​500 million square feet. Two first-class Grade A office buildings, two first-class hotel buildings, and one of the largest shopping malls in the Central District Center. I thought about it, just call it Oriental Plaza."

This investment is expected to include land prices and construction costs, and it will cost about 50 billion Hong Kong dollars. But for Lin Rongheng, it is not a problem at all. He can collect billions of Hong Kong dollars in rent every year; and this investment is expected to take five or six years to complete. , after all, Victoria Land No. [-] should be auctioned next year.

Zhang Ruohuai immediately felt a sense of pride. It was actually very exciting to be able to participate in such a huge real estate project.

"Boss intends to personally participate in the auction?"

Lin Rongheng nodded. This time, Taikoo Yangxing may also have the intention of winning, so Lin Rongheng will personally appear to suppress it.

On April 4, the Hong Kong government put the King of Admiralty Land - Victoria Barracks No. 10 to auction, with a land price of 5 million Hong Kong dollars.

In fact, this land had already been launched in the form of bidding in November 1982. At that time, only four consortiums bid, namely Evergrande, Cheung Kong, New World, and Taikoo; Still because the price was not ideal, the land was taken back.

Because it wasn't an auction, Lin Rongheng couldn't say what the Hong Kong government had violated.

This time, the Hong Kong government took out this land auction, nothing more than using status to stimulate land prices, announcing that real estate has turned prosperous.

As a real estate developer, it will naturally give face, and everyone is happy to see this land sold at a high price.

There are many consortiums participating in the auction house, including Wharf Group, Evergrande Real Estate, Cheung Kong, New World, Sun Hung Kai, Henderson Land, Galaxy, Swire, etc. Lin Rongheng, Huang Tingfang and his son, Guo Desheng and his son, Zheng Yutong, Li Zhaoji, and others personally supervised the battle. Chen Zengtao, Wang Dehui and others.Everyone simply exchanged a few words and stopped chatting. I believe everyone is interested in bidding today.

Sure enough, everyone began to bid frequently. The bidding was very fierce. The number of bids and the long bidding time were really rare. Although the price was not comparable to that of the Exchange Square at the time, it was only a war between Evergrande and Landmark at that time. Everyone wants this land.

When the price reached 6.5 million Hong Kong dollars, there was a small episode. The auctioneer lost consciousness and dropped the hammer on the table, causing the audience to be stunned.

When the asking price reached 7 million Hong Kong dollars, the audience burst into applause, announcing the end of the real estate recession that had lasted for many years.

In the end, it was true that Swire Properties and Wharf were still fighting. Swire Properties was still an amateur in real estate before 1973, but now it has become one of the large real estate companies in Xiangjiang with the help of Taikoo Shing.

Lin Rongheng's face was light and calm, but it was inevitable;

Shiyock of Swire Pacific may know that he can't compete with Lin Rongheng, so he finally gave up bidding at 8 million Hong Kong dollars.

This price should be 1 million Hong Kong dollars higher than in history.

Swire Pacific is also unwilling, but now the real estate industry has just turned prosperous, who knows how much it will rise in the future;

Besides, he must be unable to compete with Lin Rongheng, so he can only give up voluntarily.

And this auction was undoubtedly very successful, fully [-]% higher than the reserve price.

After the auction was confirmed, there was a burst of applause.

In addition to the real estate executives led by major real estate developers, this auction also included important officials from major banks and journalists stationed in Hong Kong from major news agencies around the world. There were more than 700 people in total.

It can be seen how many people are looking forward to this auction. Now this result will definitely cheer up the market, and a new round of real estate speculation will be launched soon.

(End of this chapter)