The Industrial Giant Reborn.

Chapter 385 The Progress of Japanese Real Estate Business

"Chen Songqing, this guy has been wanting to see me since I bought Hisense." Chen Zhiwen threw the letter aside and said, "Don't pay attention to this guy, Carrian Group's debt problem is more serious than Landmark. No matter how credible the information sent, don’t lend him money, not even a penny.”

"Chen Sheng, don't worry, on this point, you have already told me that Hisense Bank will not cooperate with Carrian or a company that has a close relationship with Carrian, but this time, Chen Songqing does not want to get a loan from Hisense. Instead, he is willing to sell some assets or properties to us. I discussed this matter with Zhou Sheng, and he also thinks that some of these properties are still of some value." Huo Jianning said again.

Zhou Jiayang on the side followed suit: "Yes, Mr. Chen, there are some good properties in Hong Kong, and some overseas assets. I can't make the decision alone."

"Oh, selling real estate assets? You can think about it. Is there a list?" Chen Zhiwen suddenly became a little interested. Although it is not yet the time to buy large-scale real estate, after all, the economic crisis has just erupted. By next year, Hong Kong's economy will collapse. Even more powerful, then is the best time.

However, this kind of acquisition is equivalent to sweeping goods. If you want to buy high-value properties, such as properties in Central or other prime commercial locations, you must not wait. As long as you have the opportunity in the past two years, you have to do it. Even if real estate recovered after 85, it would not be a loss to start.

Although Carrian is a combination of huge deceptions, but it can deceive so many people, it also has some good assets, many of which are still in good positions.As for overseas assets, it depends on whether the value is worth it.

"Here." Huo Jianning naturally made preparations for the report. All the materials were prepared and submitted to the boss.

Chen Zhiwen took over the document. This document has 6 pages, all of which are properties currently held by Carrian Group, ranging from office buildings in Central to small villas in the south of Hong Kong Island or North Point, as well as some shipping companies, travel companies, and hotels. There are more than 200 stocks of chain groups, some banks, real estate companies, etc., and the complexity of the business is even more complicated than that of Chen Zhiwen's industries. The only thing lacking is that the scale is not enough.

The overseas business, like traditional Hong Kong companies, is related to overseas investment in real estate, hotels, tourism and other businesses, mainly in Southeast Asia and Japan.

"These companies, stocks, or properties are basically mortgaged based on Carrian Group's operating model. If we buy them, do we have to buy the debt?" Chen Zhiwen also took a fancy to this list. Part of the property, so asked.

"According to our investigation, these properties or company stocks are mortgaged. When I met Chen Songqing before, he also admitted it, but he also said that if he trades with us, he will be responsible for removing the debt. , there will be no problem." Huo Jianning replied.

"There are a few properties here that are really good. If they can be acquired, that's not a problem. As for the price, let's use the current market price, and then make a discount. Since he is so eager to ask for it, the current market has an oversupply of properties. Then we naturally don’t need to be polite.” Chen Zhiwen nodded, and said: “However, we must ensure the legality of the contract. All the properties and stocks they trade must go to the government department to find out. Since Chen Songqing said that they can If the debt is removed, then as long as we have no debt-free properties or stocks, we must also beware of the phenomenon of selling two houses for one house.”

"One house, two sales?" Zhou Jiayang said: "Chen Songqing dare to play so directly? Isn't it clear that he wants to go to prison?"

"The entire Carrian Group is a huge real estate bubble in my eyes. I don't know what deal Chen Songqing will play. Anyway, it's better to be cautious. For this deal, buy insurance." Chen Zhiwen thought for a while Said: "If you buy an insurance, the insurance company will also send an investigation. They are very professional, and they are indeed safer. Even if something goes wrong, we can still claim compensation."

Dealing with real estate companies with a certain history does not need to be cumbersome, just check it. They are based in Hong Kong, and they basically don’t mess around, but Carriand Group, there is no harm in being cautious.

"I don't know which properties of Carrian Group Mr. Chen has taken a fancy to?" Zhou Jiayang asked.

"Let's just pick a few with higher value. For example, this Jinghua Building, although it is on the edge of Admiralty, is not small in size. There are also a few industrial buildings in Yuen Long here, and more than 30 independent buildings in the North Point. A small villa, these properties are all good." Chen Zhiwen flipped through them again, and said, "For overseas business, I only want this one, the 21% stock of Nikhuo Film Company, the mark on it is your masterpiece, Lao Zhou, right?"

"Yes, Chen Sheng, after I got this list, I sent people to several overseas countries to investigate these subsidiaries or invested companies of Carrian. Among them, there are two most valuable ones. The first is There are 5 chain five-star hotel groups in Thailand. The second is this Nikkatsu. Its main business, the movie industry, is not doing well in Japan, but they have 428 movie theaters in Japan, and they are the fifth largest movie chain company in Japan. , considering our group’s judgment on Japan’s future real estate market, the value of these cinemas is very high.” Zhou Jiayang said with a smile: “That’s why I marked it down.”

"It doesn't matter what kind of hotel you have in Thailand, this Nikko Cinema is indeed much more valuable." Chen Zhiwen nodded and said.

In the next decade or so, before the Asian financial crisis, many countries in Southeast Asia will develop very well economically, and Thailand is one of them. The hotel business here should not be bad, but the return on investment is still not as good as that in Hong Kong. Naturally, he has no interest in business thousands of miles away.

And this daily life, because it started business in the 1910s, like the old companies in Hong Kong, has a lot of property reserves, 428 theaters, more than 8% of which are self-owned, and because it is a movie theater, it is basically located in big cities. Commercial locations, or the core locations of some small cities, these will increase exponentially in value in the next few years.

Zhou Jiayang went on to say: "Chen Sheng, I have made an in-depth investigation. Back then, Chen Songqing was able to buy 21% of Nikkatsu's shares. In fact, it was because of Nikkatsu that its profitability was getting worse and worse. Their movies could not be sold at all. , My idea is that after we acquire these stocks in Carrian, we can also directly acquire this company in Japan. In this way, we can acquire more than 300 commercial properties at one time. Besides, these movie theaters themselves are not useless .”

"Are you sure?" Chen Zhiwen asked. The value of this film company is indeed not low, but it is only a few hundred million Hong Kong dollars at most, and it is still overseas. This kind of project is basically not worth Chen Zhiwen's personal operation. Let his subordinates do it That's enough, he only needs to make the acquisition decision, follow-up follow-up and final decision.

"No problem. Although Nikkatsu claims to be the fifth largest film company in Japan, that was 20 years ago. Its efficiency has been getting worse and worse over the years. We will acquire it without any official resistance. A company of this size, The Japanese government should not interfere, otherwise, their Japanese companies have been acquiring all over the world these years, and they will easily be taken by other countries." Zhou Jiayang was full of confidence, but he said: "But there is a small problem, A few years ago, Nikkatsu Film Company started to make some special films because of poor profitability, and after we acquired it, it was not easy to deal with this part.”

"This is Japanese culture. We can't do acquisitions. Just find a buyer and sell the whole business in a package." Chen Zhiwen shook his head and said with a smile. This kind of thing can't be cut off directly after the acquisition, otherwise it will be a pile of People protest, or this kind of special people, it would be embarrassing to make big news.

"Okay." Zhou Jiayang nodded and said, as long as the boss agrees, this kind of acquisition worth more than 1 million Hong Kong dollars is easy. After the acquisition is successful, Hutchison's real estate business in Japan will get further benefits increased.

"How is the progress of the recent real estate acquisition in Japan?" Chen Zhiwen asked. The Hutchison Group is in a semi-dormant state in Hong Kong and the Mainland. Only some businesses that are still in the contract period are going on as scheduled, such as the Jingjintang Expressway. This matter is not affected by the current situation in Hong Kong. When it is time to need funds, Hutchison will never lose a penny.

But just this one business cannot satisfy the current Hutchison, and the Japanese real estate market is a direction that can be invested.

"We have purchased several properties in Koto, Bunkyo, and Shinagawa, but they are all small buildings with only a dozen or so floors. In the central area, we have already negotiated with several properties, but we have not yet decided. After all, the amount involved is relatively high, and after it is confirmed, Chen Sheng's permission is still required." Zhou Jiayang said.

"As for the banks, do you know any banks in Japan?" Chen Zhiwen asked.Some small-amount acquisitions do not need to be reported to Chen Zhiwen now, but they need to be reviewed by the headquarters office and the headquarters' finances.

"We chose Sumitomo Bank in Japan. This bank is also one of the top ten banks in Japan, and it also has some businesses in Hong Kong. The previous properties were all loans from Sumitomo Bank." Zhou Jiayang said.

"Sumitomo Bank? That bank, if we have a better relationship with them, let's treat them as our group's partner in Japan." Chen Zhiwen nodded and said, doing business in Japan naturally requires an influential local consortium or Bank cooperation, with a stable back-end bank, it may be much easier to acquire properties, because the bank also wants to facilitate the transaction.

PS: Ask for a monthly pass, there will be another change in the evening

(End of this chapter)