The Birth of the Hong Kong Island Family.

Chapter 252 [Cunning Chinese]

"Boss, 98% of the investment promotion for the Crocodile Shirt Building has been completed, and all the shops on the four floors have been rented out!" Huang Changhong came to Lin Zhichao's office and reported happily.

Lin Zhichao raised his head and was not surprised by the progress. After all, there are still more than two months before the Crocodile Shirt Building will open.

"Did you find anything?"

Huang Changhong knew that the boss was testing him!

After all, as a deputy general manager, when the boss is not in Hong Kong, he is acting as the general manager; if he does not have enough insight, the boss will gradually distrust him.

"Probably from the second half of this year, foreign companies have come to Hong Kong to set up branches and offices. For example, in the Crocodile Shirt Building, about 30% of the office buildings are leased by overseas companies. At the same time, residential properties in Hong Kong have also begun to The situation has become better, and it is expected to return to the upward channel next year."

Lin Zhichao is very satisfied with Huang Changhong's observation ability and vision. Although these are easy to find, in fact, it is difficult for anyone to see clearly.Just like the "supply and demand imbalance" of real estate in the second half of 1957, from the perspective of "afterthought", not many people knew it, but at the right time, not many real estate developers were keenly aware of the problem.

Of course, the high-level real estate executives like Huang Changhong are naturally related to Lin Zhichao.

"Your analysis is right! A new cycle of real estate is here. I don't know how long it will last this time, but I think it must last longer than the last one, because Hong Kong's economy has also developed rapidly, especially the industry."

Huang Changhong is very happy. The arrival of the real estate cycle means that Cheung Kong Industrial has also ushered in opportunities for development. As the deputy general manager, he naturally rises with the tide.

Then, Huang Chang Honghui reported: "The rent of the Crocodile Shirt Building in the first year is 165 million Hong Kong dollars, of which the office rent is 115 million Hong Kong dollars, and the shop rent is 50 Hong Kong dollars."

The rent for the first year must be discounted, not to mention that commercial real estate is also affected now.The annual rent is 165 million Hong Kong dollars. After deducting the expenses, there should be a profit of more than 120 million Hong Kong dollars.

The cost of the crocodile shirt building is: 260 million land costs, 750 million construction costs and miscellaneous costs, totaling a little over 1000 million Hong Kong dollars.

Equivalent to eight years of payback!
Of course, the land was purchased in 1952. If the current land fee is converted, it may cost more than 500 million.

In this case, it will be a ten-year payback!
However, the rent will rise, so it is more realistic to pay back the capital in 6 to 7 years, which is also the ideal rate of return for investment in Hong Kong.The important thing is that after paying back the capital, you will find that the property itself has also appreciated in value, making another fortune.

"not bad!"

Seeing this, Huang Changhong stood up and said goodbye.

He is now in charge of all the affairs of the company, no longer limited to the construction field, and needs to share the boss's worries in all aspects.

At the same time, Paul Li of Poly Construction is No. 1 in construction affairs, responsible for the first-line supervisors of all real estate projects under Cheung Kong.

Lin Zhichao can already predict that if Cheung Kong Industrial Group was listed in 1972, its market value would definitely exceed that of the "Five Tigers of Real Estate".

Because of the packaged assets, there are tentatively: 15~20 real estate projects (including land that has not started construction) and a small number of rental properties, poly construction, and quarry enterprises.Only these three parts of assets are enough to have more poly construction and quarry companies than the "Five Tigers of Real Estate".

As for other unlisted assets, they will return to 'Cheung Kong Industrial Group (listed company)' through acquisitions in the future.However, Poly Construction and quarry companies can be spun off and listed in the 80s to raise funds for the group.

In short, the stock market is a thing that cannot be played without playing, and it is a proper 'golden weapon'.

Cheung Kong's reserve land has reached 135 million square feet. During this wave of plummeting prices, it purchased 35 square feet of land or land.Almost all of these sites are concentrated in the urban areas of Hong Kong and Kowloon, almost none in the New Territories, and almost none in remote areas of Kowloon.

After all, if the residential development is towards the "remote" areas of the New Territories, Kowloon and Hong Kong Island, it is almost all after the mid-60s.

Lin Zhichao came to Hong Kong Airlines. He will come here every ten days and half a month to communicate with senior management, or to chat with pilots and flight attendants to refresh his sense of presence.

Although he adheres to professional matters and entrusts them to professionals, as a boss, he cannot live without a sense of presence.

"BOSS, Cathay Pacific seems to be preparing for an 'airline food company'" President Hill told Lin Zhichao a 'bad news'.

Hong Kong Aviation Food Company is considered a good source of profit, at least the return on investment is very high.Moreover, the profit of Hong Kong Airlines may exceed 100 million Hong Kong dollars this year, which is very good news.

Lin Zhichao frowned a little, then thought about it.

"In this way, go talk to Jardine Matheson about the acquisition of the 'Jardine Aircraft Maintenance Company' in their hands. When you talk, you have to release the news!" Soon, Lin Zhichao felt that it would be a shock to see if he could scare Taikoo Mathematics. .

The aircraft maintenance business in Hong Kong is a very profitable and huge business, because there are so many aircrafts coming to Hong Kong, there are always a lot of business needs.With the development of Hong Kong's tourism industry and economy, this business is very large.

To put it simply, in the early 60s of the previous life, Swire and Jardine merged two machine repair companies and went public in 1965 with a market value of more than 3 million. They sold 25% of the public shares and raised more than 8000 million to expand the hangar.

Hilton was puzzled and said: "Boss, if the news is released, wouldn't it mean that we will be at a disadvantage. Under the same conditions, Jardine Matheson will definitely give priority to Taikoo. Moreover, the mechanical repair project requires a large number of mechanical talents. After we buy it."

Lin Zhichao said with a smile: "I just want to let Swire know! As for mechanical talents, my Yangtze River Industry Group and Global Shipping have sufficient mechanical engineers. In this regard, they are no worse than the old foreign companies."

Even if ordinary people buy mechanical repair projects, they may not be able to play well, but Lin Zhichao has too many mechanical talents.The engineers who repair the aircraft are also mechanical engineers, and they are usually trained by the manufacturer of the aircraft.

Hill suddenly realized that the boss's move was to frighten Swire & Co., meaning that if you want to intervene in 'airline catering', I will intervene in 'mechanical engineering'.

Obviously, Hong Kong's "airline food" and "mechanical engineering" are best in the hands of an airline, and vicious competition means that both parties lose.

"Okay, I'm going to get in touch right away."

Lin Zhichao added: "The acquisition of the mechanical repair project must be done with sincerity. We have no pressure on funds, and we must have enough sincerity! In short, report to me in time if there is any situation, and I will intervene if necessary."

Hill had been subdued by Lin Zhichao at this time, and immediately said: "Yes, BOSS."

After all, Hong Kong Airlines is 100% owned by Universal Airlines, and the management does not have much capital to fight against the boss.

In fact, in this competition, Lin Zhichao hoped that Swire Pacific would quit the aviation catering, and the condition was that Hong Kong Airlines would withdraw from the competition of mechanical maintenance engineering.

Of course, the specific situation is undecided, and everything is unknown.

"What? Hong Kong Airlines is in contact with Jardine to acquire Jardine Aircraft Sustainability Company?" The old Schjock asked Cathay Pacific President Kyle nervously.

"Yes, the news is very accurate!" Kyle said firmly.

Schjock stood up from his office, then paced around the office thinking about the problem.

Kyle tentatively said: "Jardine Matheson probably won't sell it to them. After all, the aircraft maintenance business is more profitable. They should consider merging with our mechanical repair project instead of selling it."

Shiyock said with a serious face: "Jardine Matheson only recognizes money, and Lin Zhichao just has money, so it may not be impossible to make a deal. Moreover, Hong Kong Airlines is also one of the two airlines in Hong Kong. Selling to them does not allow people to find out Problem. By the way, who released the news?"

Kyle thought for a while and said, "It seems to have spread from the airport!"

Shiyock immediately thought about it, and said after a long time: "It seems that Hong Kong Airlines may want to talk to us!"

"Talk about what?"

"Airline Food"

Kyle understood instantly, and said, "Taipan, what do you mean, Hong Kong Airlines wants us to give up entering the aviation catering field, and they also give up buying Jardine Machine Repair Company?"

Shiyock nodded and said, "Yes!"

Kelton said unhappily: "Their acquisition of Jardine Aircraft Maintenance Company is not certain, but we can enter the aviation food field at any time. Why do we want to make this deal?"

Shiyock said helplessly: "Because Lin Zhichao is rich! As long as he offers a high price for the acquisition, Jardine may be tempted even if he is concerned about us, who are also British investors. What's more, once the price is raised, we will merge with Jardine Aircraft in the future. Maintenance, was slaughtered by Hui Yihe. So, no matter what you say, you have to talk about it, let me ask Lin Zhichao about this matter!"

At the beginning, Jardines sold the shares of Hong Kong Airlines to Lin Zhichao because British Overseas Airways sold it first, so Jardines did not receive much "condemnation" in this circle.

Now it is reasonable to sell the aircraft maintenance company to Hong Kong Airlines. After all, Hong Kong Airlines is one of the two airlines in Hong Kong, and it is normal to acquire the aircraft maintenance business.Importantly, Hong Kong Airlines has shares in HSBC.

So, in any case, Shiyock didn't want to gamble, but planned to talk to Lin Zhichao.

Originally, there was no competition between the two airlines in Hong Kong. They flew on each side with different routes.

Moreover, both the Hong Kong government and London also hope that Hong Kong will have two airlines, which will help competition.The only thing I didn't expect was that Lin Zhichao, a Chinese, had the strength to buy it.

Of course, it is already a fact now, the last thing Shiyock wants to see Lin Zhichao intervene in Hong Kong's "aircraft maintenance" business.Because Taikoo has a strong shipyard mechanical engineer as the backing, and Lin Zhichao also has his industrial empire as the backing, if Hong Kong Airlines enters the machine repair business, the competition will be fierce in the future.

In the blue hall of the Hong Kong club, Lin Zhichao, Hill, old Schjork and Kyle met.

Lin Zhichao and Old Shiyock have no personal relationship, but they have met and greeted each other in some public occasions.

In fact, the two can be regarded as 'enemies', because Lin Zhichao snatched Hong Kong Airlines, and the old Shiyock must have a grudge.Coupled with the 'conflict' that broke out this time, the relationship between the two is naturally so-so.

Of course, business is business, and everyone may cooperate in the future, after all, 'profit is the first word'.

Moreover, Lin Zhichao hates Jardine Matheson more than Swire Matheson.Although Jardine Matheson sold 45% of the shares of 'Hong Kong Airlines' to Lin Zhichao last time, it obviously raised the price on the ground, and at that time the matter was already a foregone conclusion.

At the same time, Jardine Matheson's Wharf Group charged very high fees, and global shipping suffered greatly; and this time when it talked about acquiring the aircraft maintenance business, Jardine Matheson also offered sky-high prices, which Hong Kong Airlines could not accept at all.

After the two sides met, Lin Zhichao and Old Shiyock flattered each other, and there was no apparent grudge.

"Mr. Lin's entry into Hong Kong Airlines immediately changed the company and made it a model for the aviation industry. I really admire it!" Schjock said with a smile.

I don't know if this sentence is true!

If not, it is to provoke the relationship between Hill and other management and Lin Zhichao.

It's a pity that old Shiyock's calculations came to nothing!
Lin Zhichao has always disliked taking credit, so he responded with a smile: "It's all my colleagues who worked together to change the company. Of course, Hong Kong Airlines has just gotten better. I can't say it is a model in the industry, but it is just a company that strives for survival. "

Seeing Lin Zhichao's modesty, old Shiyock knew that this young man was able to grow up to where he is today, naturally he is old and cunning.

"Then let's open the window and talk today. Mr. Lin didn't really buy Jardine Aircraft Maintenance Company, did he?"

Lin Zhichao said seriously: "Absolutely sincere! However, I don't want to see the two companies that are supposed to coexist peacefully and make concerted efforts to contribute to the development of Hong Kong's aviation industry fall into infighting. It will be a loss for Hong Kong's aviation industry." After speaking, a sad expression.

The superb acting skills fooled the three of them in an instant.

Old Schjock said: "Indeed, our two airlines are not rivals at all. In this case, Hong Kong Airlines should not acquire Jardine's aircraft maintenance business!"

No matter how good your performance is, Old Schjock only wants to negotiate terms and take the initiative.

Lin Zhichao has no reason to show weakness: "The aircraft maintenance business is huge, and it can fully support two companies. After all, there were two companies in the past. On the contrary, the aviation food company has never appeared before. Now we are the first to occupy the market, and the market is not No, I think Cathay Pacific entering this business is purely malicious competition."

The words have been made clear!
Old Schjock continued: "You have not succeeded in the aircraft maintenance project! But we have already started investing in the aviation food company. Obviously, this is not a reciprocal condition!"

Lin Zhichao immediately retorted: "Mr. Shiyock may not know my style of work. In my eyes, only the size of the interests and the huge business of mechanical repair engineering. To be honest, I have great determination. I usually don't consider the immediate situation. benefits, and consider long-term benefits."

The implication is that if there is really no agreement, no matter how expensive the maintenance of the aircraft in Jardine's hands is, he will take it himself.

Old Shiyock immediately understood that Lin Zhichao was not joking, and he lost in the quotation at the beginning.If he hadn't underestimated his opponent too much, he wouldn't have lost in the end.

Next, the two sides began to enter the negotiation stage in earnest.

Cathay Pacific also wanted to participate in 'Airline Food', but was still rejected. In the end, it could only accept the acquisition (equipment and kitchen) of Hong Kong Airlines, and Hong Kong Airlines promised not to participate in the acquisition of the aircraft maintenance business in the hands of Jardine.

Generally speaking, both parties are quite satisfied with this 'mutual concession'.

For Hong Kong Airlines, even though it gave up a big cake, it does not belong to itself if it does not come, and it is difficult and expensive to get it. Now it can monopolize Hong Kong's "airline food", which can be said to be an "empty glove" White Wolf'.

For Swire Pacific, after defeating an attack by Hong Kong Airlines, the subsequent merger with Jardine Aircraft Maintenance is only logical.Because Jardine has no energy to operate this business, it has the idea of ​​selling or merging.

All the best!
On the other hand, when Jardine Matheson learned that Hong Kong Airlines and Cathay Pacific had reached a certain agreement, and Hong Kong Airlines therefore gave up the acquisition of the "aircraft maintenance company" in their hands, they immediately knew that they had been taken advantage of.

"Cunning Chinese!" Keswick cursed in his office.

(End of this chapter)