The Birth of the Hong Kong Island Family.

Chapter 75 [Gold Crash]

Early December.

After returning to Hong Kong, Lin Zhichao first came to Cheung Kong Properties in Tsuen Wan, accompanied by Huang Changhong and Hu Zhaoxu from Cheung Kong Real Estate.

When he came to the open space of the factory, Lin Zhichao was still holding the blueprint of the factory building in his hand.

"Each floor is 2.88 square feet, a total of three floors, that is a factory building of nearly 9 square feet." Lin Zhichao explained while looking at the plan.

Wang Liang, the deputy general manager of Cheung Kong Industrial, said happily: "After the new factory building is put into use, Cheung Kong Industrial will become one of the large factories in Hong Kong, and it is estimated that it will be the largest factory of Chinese people."

He is a little proud that Changjiang Industrial has developed too fast.

Even now, Cheung Kong has a staff of 200 and has become the largest factory in Tsuen Wan.

Lin Zhichao said calmly: "Expanding production means that we need new sources of customers. Next year we will use the improved automatic rice arranging machine and automatic slider punching machine, and the quality of zippers will be further improved. Therefore, the key is to open up European and American markets. The market of the times, otherwise we may not be able to support such a huge investment with the Asian market alone."

In fact, it may not be necessary. Even if the Asian market allows Cheung Kong to earn 150 million Hong Kong dollars a year, it can support Cheung Kong’s second round of expansion.

Cheung Kong's second round of expansion includes:

120. To purchase a new batch of machines, the budget is [-] million Hong Kong dollars;
40. Open a branch factory in Singapore with a budget of [-] Hong Kong dollars;
20. To build a second factory in Tsuen Wan, with a budget of [-] Hong Kong dollars.

120. The budget for purchasing the surrounding land of Cheung Kong is 30 million Hong Kong dollars (about [-] square feet).

This round of expansion requires almost 300 million Hong Kong dollars in funds.

If the Tsuen Wan land investment is not counted, only 180 million Hong Kong dollars is needed, which is almost a year's profit.

It stands to reason that there is no need to worry about the European and American markets. The Asian market alone can make a profit of just over a year, not to mention that the factory itself is also an asset.However, Lin Zhichao knows a truth, since he is in this line of work, he must seek continuous breakthroughs.

At this time, Wang Liang thought to himself, as the number one general under the boss, he should show his "superman performance" to establish his position at this time.

"Boss, I am willing to go to Europe and America to promote our products!"

When Lin Zhichao heard this, he felt very fond of it.

However, he said: "Your job is to manage production, which is the most important. Also, once the factory in Singapore is confirmed, you need to run on both sides, because the factory over there is also very important."

Wang Liang nodded and said, "Okay, I understand!"

Next, Lin Zhichao said to Huang Changhong of Changjiang Real Estate: "Let's prepare for this factory project, and organize the construction as soon as possible. Changjiang Real Estate will undertake the construction, and the finances will be controlled by Changjiang Industrial."

Huang Changhong immediately said: "No problem! Guaranteed to complete the project within 10 months and ensure the quality."

The preparatory work in the early stage has already been carried out, such as drawings and approvals.

At this time, Huang Changhong said to Lin Zhichao: "Boss, Boss Tang seems to have plans to build a three-story factory. Do you want to ask to build it together? It just so happens that the engineering department will soon be left with the 'Telford Garden' project."

No. 126, Modu Street, has come to a perfect conclusion.Happy Valley'Lantian Yayuan' will also be completed and accepted in two months.

After all, Changjiang Real Estate is raising the No. 20 person, so naturally it needs to work hard.

"I'll ask him later!"

"Ok"

Tang Zhongyuan originally intended to build a large textile factory on his 20 square meters of land in Tsuen Wan. Now he is also ambitious and plans to do a big job.His Dongfang Textile can now earn more than [-] yuan a year, not to mention that he knows that Lin Zhichao is going to expand the zipper factory, so he is naturally more confident.

Although Tang Zhongyuan is Lin Zhichao's father-in-law, Lin Zhichao has always personally grasped the quality requirements of textile fabrics and has not relaxed at all.Fortunately, Tang Zhongyuan used to be a senior executive of a textile factory who focused on production, so he did not disappoint Lin Zhichao in this regard.

Next, Lin Zhichao said to Hu Zhaoxu: "Recently, I plan to buy the remaining land of about 30 square feet around here. If you do work in this area, please report to me."

Hu Zhaoxu said confidently: "Boss, don't worry, the land here is not a sweet pastry, and it is not a problem to win it."

The rising land in Tsuen Wan had to wait until 1950. At that time, there was no suitable place to build factories on Hong Kong Island, and everyone would think of the barren beach here.

Of course, Lin Zhichao is not planning to speculate on the land now, but to save it for future construction of factories.

This area will be his industrial park in the future.

Finally, Lin Zhichao said to Wang Liang: "Are you ready for the site selection in Singapore?"

Both Wang Liang and Li Gaofu have visited Singapore, but they are the front-runners, and it is Lin Zhichao who really decides.

Not only that, Lin Zhichao will also go to Singapore for inspection in person, and he intends to regard Singapore as his second base.Although the person from Sing Tao doesn't like 'private entrepreneurs' very much, but he has to need 'private entrepreneurs'. If they make friends before they make a fortune, then the Lin family will be stable in Singapore in the future.

Generally, rich people in Southeast Asia like to open up a second base in Hong Kong.But now, Lin Zhichao is doing the opposite, opening up a second base in Southeast Asia.

Because he knows that Singapore has great prospects for development!

"The materials are ready, I will bring them to you later."

"Well. If possible, I will leave for Singapore as soon as possible to finalize the location of the factory."

The next day, Lin Zhichao came to Changjiang Bank and listened to Li Shauji's work report.

"Gold fell to 390 Hong Kong dollars per tael, which I did not expect. So when the price of gold was 398 Hong Kong dollars per tael, I closed the previous short sale. Then I bought 40 lots of gold at a cost price of 396 Hong Kong dollars per tael (3.96 Hong Kong dollars per lot), but at 391 Hong Kong dollars per tael, I closed the lot and lost 2 Hong Kong dollars.”

Although it is normal to have losses and wins, Lee Shau Kee is still a little ashamed, and he is a little anxious to enter the arena.

Lin Zhichao said indifferently, "You've done a good job! If I'm not mistaken, many gold merchants and banks from Guangdong Province have incurred huge losses this time, right?"

Li Zhaoji was in a good mood immediately. This boss was not the kind of person who would keep an eye on Xiao Li. He observed the boss and found that there was no heartache at all, only calmness.

With this kind of personality charm, Lee Shau Kee was naturally convinced.

Immediately, Lee Shau-kee said: "Because the mainland issues gold round coupons, private individuals are not allowed to hold gold, and the price is fixed. Therefore, the mainland gold merchants have greatly reduced the amount of gold they obtained from the Xiangjiang Gold and Silver Exchange. In addition, some Shanghai gold merchants this time Deliberately selling short to suppress the price of gold, so even if Hang Seng Bank and Chaozhou gold merchants intend to stabilize the price of gold, it will not help. The price of gold fell as much as 40 Hong Kong dollars per tael in half a month."

Why do Shanghai-based gold merchants suppress the price of gold?
It is not difficult to guess that they want to suppress the price and then import gold cheaply from Hong Kong.

Hang Seng Bank and Chaozhou gold merchants, etc., why should the price of gold be stabilized?

It's not hard to guess, since they have access to smuggle gold from Omen, they hope that the price of gold will rise, and then they will cash out of it.

In this confrontation between the two sides, Cantonese gold merchants are inferior because of the general environment in the mainland. Of course, the strength of mainland gold merchants and bankers is also stronger than that of Cantonese gold merchants.Cantonese gold merchants are better at understanding the market. Once the situation in the mainland changes, the balance of victory will be theirs.

"If it falls, we will be profitable. But as far as I know, prices in the mainland have risen sharply, which means that it is almost time to enter the market, so there is no need to worry about gold falling there!"

It has been half a month since the golden round coupons were issued on August 8. Logically, the time should be approaching, Lin Zhichao guessed.

"Well, I think so too." Li Zhaoji said seriously.

"Well, I've been in Hong Kong recently, and I'll discuss the timing of buying with you!"

"Okay, boss."

Lin Zhichao did not completely delegate power to Lee Shau Kee, he wanted the two to cooperate with each other, he knew the general environment, and Lee Shau Kee knew the small environment, the combination of the two is a perfect match.

At this time, Changjiang Yinhao's 100 million Hong Kong dollars in "gold speculation funds (short-term)" has increased to 160 million Hong Kong dollars, which can be described as a complete victory.

(End of this chapter)