The Birth of the Hong Kong Island Family.

Chapter 238 [The name is justified]

Swire Pacific's political influence in London is not strong, this is Lin Zhichao's summary after a week of activities in London; on the contrary, he has become a businessman that the London government urgently needs to win over, and on the contrary, he has received many promises.

Therefore, Lin Zhichao officially visited the headquarters of British Overseas Airlines and handed over the acquisition information.

"Mr. Lin, if you plan to operate Hong Kong Airlines after you acquire it, will there be major reforms?" Manchez asked seriously.

The executives of British overseas airlines have already supported the acquisition initiated by Huanyu Shipping.First, Swire Pacific has no sincerity and intends to take advantage of the fire; second, Universal Shipping is an all-British company with no political obstacles.

However, the executives of BOAC are also worried that Lin Zhichao, a layman, can manage Hong Kong Airlines well?

After Lin Zhichao heard the words, he said: "I don't think there is any problem with the current management team, and I don't plan to make reforms for the time being. I believe that Hong Kong Airlines' development philosophy has been correct all along, and the reason why its profitability has not been satisfactory is because The good times for shipping are yet to come. After our acquisition, we have no plans for the time being, except to add new aircraft at the right time.”

Hearing Lin Zhichao's words, Manches recognized it in his heart and felt very comfortable listening.

Coupled with the high-level instructions from London, the top management of British Overseas Airlines can choose the right object fairly.

"Mr. Lin, your offer is very sincere (280 million pounds, 55% equity), and we will reach a share sale agreement with you as soon as possible."

"Okay, then I'll go back to Hong Kong and wait for the good news!"

Subsequently, Lin Zhichao left BOAC with his men and lawyers.

As for the equity of Jardine Matheson, it is natural that British Overseas Airways will officially sell them the shares before buying the shares in Jardine Matheson.After all, BOAC holds 55% of the shares, while Jardine only holds 45% of the shares.

half a month later.

In the dissatisfaction and injustice of Shiyock of Swire Pacific, Universal Shipping formally signed a share transfer contract with British Overseas Airlines and Jardine Matheson in Hong Kong.

Worldwide Airlines has acquired Hong Kong Airlines with an offer of US$1430 million.Swire & Co. was unwilling to accept this price, so Lin Zhichao was naturally satisfied.

HSBC has no opinion on this price. Although the price is several million dollars higher, Huanyu Shipping is a profitable tool after all. The annual profit of more than 1800 million dollars is enough to buy this asset.

After the acquisition was completed, Lin Zhichao visited the headquarters of Hong Kong Airlines. Almost all of them were foreigners. There were also Chinese staff, but none of them were middle or senior staff.

Lin Zhichao didn't say much, he only came to Hong Kong Airlines headquarters for one purpose, and that was to check in.

However, after getting to know each other, Lin Zhichao said to everyone: "Everyone, the first thing we do when Hong Kong Airlines becomes the owner of Hong Kong Airlines is to consider improving the treatment of all employees."

For a while, the middle and low-level staff applauded and welcomed, and the senior staff could only join in and echo.

Senior staff may consider rights, but middle and low-level staff definitely consider benefits.And the middle and low-level employees here, that is, the middle and low-level management.

Later, Lin Zhichao said to CEO Hill: "President Hill, can you prepare a survey report on the salary of all employees of Hong Kong Airlines for me recently?"

Hill knew that he had to cooperate with this job, otherwise he would offend all his colleagues.

"No problem, we will give you a complete salary report as soon as possible!"

The executives all understand that although Lin Zhichao is Chinese, he is not easy to mess with; being able to snatch Hong Kong Airlines from Swire & Co. itself shows that the new shareholders are not easy.

But now, Lin Zhichao seems to be giving everyone a raise, but in fact he intends to use this reason to intervene in the affairs of Hong Kong Airlines.

Moreover, it is justifiable, so everyone has to accept it.

After a brief understanding of the situation, Lin Zhichao did not go any further.

He is not in a hurry, first spend a year or two getting familiar with Hong Kong Airlines, and then use the loan to buy new aircraft, which can not only further control Hong Kong Airlines, but also increase the competitiveness of Hong Kong Airlines.

Especially for the route from Hong Kong to Tokyo, Lin Zhichao predicted that there will be great opportunities, so he plans to add a Boeing 707 to join this fixed route.

Cheung Kong Industries.

In the conference room, Lin Zhichao was having a meeting with the senior executives. Tang Caiyun was also present. She was also the senior executive of Cheung Kong - the chairman of the remuneration committee.

"The design plan for No. [-] Zhaolong Street can start preparations. This is our fourth commercial project of Cheung Kong."

The Crocodile Building, Miramar Hotel, Sing Tao Department Store, and today's No. 9 Zhaolong Street are the current commercial projects of Cheung Kong Properties.

昭隆街九号，地盘面积为1.4万平方尺，预计可修建18~20层的写字楼大厦。这种大厦在后世的香港中环属于‘中型大厦’，价值也在60~100亿区间（2015年左右的价值）。

Like the Hong Kong Hotel on Pedder Street, it can be rebuilt into a "large building", with a future value of 200 billion Hong Kong dollars, because the location is also in the heart of Central; while the Crocodile Building is a "small building" in Central, with a future value of It is in the range of 30 billion to 50 billion Hong Kong dollars; the building at No. 77 Des Voeux Road Central is also a medium-sized building, and there is no problem with the value of 80 billion in the future.

The value of the Lin family's building in Central alone is already 400 billion.

Of course, these are just the beginning!
Huang Changhong immediately said: "No problem, we will come up with the design plan as soon as possible! This land is 1.4 square feet, and the plot ratio given by the Planning Department is 13.6. If an 18-storey building is built, each floor can get 1.05 square feet feet of floor area.”

Lin Zhichao said: "Well. This building does not need to set up shops on the second and third floors. With the office building as the core, only the first floor and the basement are used as shops."

Chiu Lung Street, at the intersection of Queen's Road Central and Des Voeux Road Central, has a good location.Although the location is good, considering the current level of Hong Kong's economy, it may not be possible to rent out so many shops.

In the future, the office building can also be converted into a shop, in short, it has to be adjusted according to the actual situation.

"Ok"

Next, Hu Zhaoxu reported on the land purchase situation. In just two months, Changjiang Real Estate won four cheap properties, and the prices were only [-]% to [-]% of the peak.These properties have a characteristic, that is, they belong to properties that real estate developers "cut positions".

After listening to the report, Lin Zhichao said: "The acquisition of Telford Gardens also needs to be acted upon. By changing houses and adding subsidies, we will increase our land of more than 16 square feet on Ferry Street to more than 20 square feet." feet, which is conducive to increasing the plot ratio.”

This is a private housing estate site. It is estimated that more than 2500 private housing estates can be built, and the profit may reach hundreds of millions.

Hu Zhaoxu nodded and said: "We will come up with a subsidy plan for you to review as soon as possible! At present, high-rise buildings are the mainstream of residential buildings in Hong Kong, and we have prepared good locations and good floors for them to replace them. I believe it will be completed smoothly. Acquired."

Lin Zhichao immediately said: "Patience is the most important thing when buying an old building! And try to avoid becoming a channel for the society's 'nail building' to raise money. In short, this job is difficult to do, so you must be mentally prepared. Therefore, it is best for the company to set up a subsidiary The company is responsible for the department that will acquire the old building in the future.”

As the saying goes, 'little ghosts are hard to deal with', when you encounter some people who are nailing the building, even Cheung Kong may not be able to solve it smoothly; the best way is to give the price to the people who are nailing the building to make money, so that everyone can make money.

No matter how bad it is, as long as a certain percentage of the project is acquired, it can be ruled by the court.After all, Hong Kong's land is small, and if it is consumed for a long time, it will have a great impact on urban planning.

Hu Zhaoxu said: "Okay"

Other executives also agreed with this point of view. Huang Changhong said: "There will be a lot of work to acquire old buildings in the future, so it is necessary to set up a subsidiary company to specialize in this work. It can also avoid potential dangers, such as damage to the company's reputation. Influence."

Everyone also understands that Cheung Kong has become a large real estate company and may not be able to surpass Hongkong Land in the future.

Moreover, the recent acquisition of a British-funded company by the boss has caused a huge influence in the Chinese business community in Hong Kong.Even Hong Kong Airlines was taken over by the Chinese, and everyone was very excited.

Next, Lin Zhichao asked again: "Manager Zhou, how about our return of funds?"

Zhou Fuzhao immediately reported: "Our reputation is well recognized by law firms and clients. At present, installments are received on time, and the funds recovered from residential projects have reached [-]%, which is enough to support the company's commercial project plans."

Cheung Kong has no debts and can make loans at any time to acquire land.

And recently, Lin Zhichao is communicating with the Hong Kong government, banks, and the real estate industry, that is, it will be more reasonable to pay in installments through the bank in the future, and the bank can charge interest.

In this way, real estate developers can transfer the risk to the bank; of course, the bank is also a vested interest because they have added a business.As soon as this idea came out, everyone discussed it, and it was only a matter of time before it became mainstream.

After the meeting, Cheung Kong started to operate at a high speed again. After all, it is the leader of Hong Kong's Chinese-owned real estate companies. The total value of the top five Chinese-owned real estate companies in Hong Kong is not as high as that of Cheung Kong.

The asset value of Cheung Kong should be around 3 million Hong Kong dollars.

(End of this chapter)