Year: I had a good time when I was young

Chapter 745: 1 million to build a hotel
But He Chaosheng changed his mind and thought that since Chu Xiangqian had this idea, he had the ability and financial resources to build the hotel whether he joined or not.

At that time, when the gamblers see that the other party is a big hotel and their place is a small venue several stories high, those guests who have a little money will definitely go to the big hotel.

And Chu Xiangqian will also become his competitor.

When the casino’s license expires in the future, he will be the biggest competitor.

For a moment, He Chaosheng really had no confidence that he could defeat Chu Xiangqian.

And even if he won, with Chu Xiangqian's connections and wealth, it shouldn't be difficult for him to increase the number of licenses from one to two or even three, as long as he was willing to spend money to lobby Portuguese politicians.

After thinking this through, He Chaosheng gritted his teeth and decided that there was no reason for him to refuse such a thing where both sides would benefit from cooperation and both would suffer from separation.

Besides, Chu Xiangqian owns 3% of the shares of the casino that is already in operation, although he has never been involved in the business and is only a shareholder who receives dividends.

But he had too many reasons and opportunities to cause trouble.

If this goes on for a year or two, he will exhaust me to death.
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Chu Xiangqian was certain that He Chaosheng would agree, because he believed that He Chaosheng felt that he was not strong enough, and since he could not beat the powerful, he would just join.

He Zanyuan, Zheng Yutong and Bridge, seeing that Chu Xiangqian and He Chaosheng had reached a verbal agreement, immediately wanted to join in.

But when he heard Chu Xiangqian's plan to invest 1.5 million to million Hong Kong dollars to start construction of a super-large hotel with the Great Wall as its theme.

The four of them couldn't help but swallow their saliva in shock.

Chu Xiangqian had no shortage of cash. At the end of 60, he had more than 5800 million Hong Kong dollars in cash.

61 The industrial income of Hong Kong Island has been increasing year by year. If he had not invested continuously in Chai Wan Pier and Universal Studios Diamond Hill, the Hong Kong dollars in his hands would definitely exceed 62 million.

But even if the two major projects are started and completed, he will still have at least 1.2 million Hong Kong dollars in his hands.

As for the US dollars and British pounds, Chu Xiangqian had so much gold and jewelry this year that he didn't carefully calculate how much cash he had in the Novice Village warehouse.

But roughly estimating from the canvas bags filled with US dollars, there must be more than 1.5 million US dollars.

As for the British pound, Chu Xiangqian consciously reduced his holdings of British pound in recent years to avoid a sharp drop in the pound, which would have caused him to lose a lot of money just on the exchange rate.

But even so, just from selling tiger bone wine to Norton every year, he can earn 516 million pounds.

After three years, with the pounds I had kept and the two iron ore transactions with Philips, my total amount was almost 20 million.

All the cash converted into US dollars is about $2.5 million.

At this time, the world's richest man had assets of only tens or hundreds of billions of dollars.

Even if Chu Xiangqian can't rank in the top ten, there is no problem for him to be in the top fifty.

Of course, there are definitely more hidden billionaires. More than 10 years ago, the Rockefeller family’s wealth exceeded billion.

After so many years, even though the original oil giants were broken up by the Magnesium people themselves, Rockefeller still secretly holds a lot of shares in the oil giants, and has no pressure to multiply his wealth several times.

Chu Xiangqian immediately decided to use pounds to finance the construction of the Great Wall Hotel while the pound was still valuable.

It's only 2000 million pounds, but when converted into Hong Kong dollars, it's more than 3 million Hong Kong dollars.

Chu Xiangqian suddenly didn't know how to spend the money. In just a moment, he planned to expand the appearance of the hotel he had thought of building in Las Vegas two or three years ago by 20% to 30%.

We strive to increase the total investment to HK$1.5 million, and like the Caesars Palace which will be built in a few years, it will remain timeless for decades.

Chu Xiangqian knew that the Grand Lisboa had become smaller less than 20 years after its completion, so he had to build several new buildings behind the hotel.

It would be better to take advantage of the fact that prices are much lower than in 69 and that I have a lot of spare money, and build a larger house once and for all.

Of course, Chu Xiangqian also knows that if the hotel is too luxurious, too large, and has too many rooms, the vacancy rate may be very high.

Moreover, this year is already the beginning of 63, just over two years after the bank run crisis in 65.

After a large number of citizens withdraw their money, since they cannot deposit it in the bank, they will naturally invest in real estate.

In other words, prices will inevitably soar in two to three years.

This is also why the property market crisis occurred in Hong Kong in 67. To put it bluntly, everyone was speculating in real estate and the housing price bubble burst.

If the hotel is too big, it will take more than two or three years to build. Now Chu Xiangqian understands He Chaosheng why he spent 60 million Hong Kong dollars to build the hotel within one year.

First of all, the sooner the hotel is built, the sooner it can make money.

Secondly, considering the situation at the time, there was really no need to build it larger.

So Chu Xiangqian thought about it and had to suppress the impulse in his heart and reduce the hotel construction funds to around 1 million again.

We will try to complete the construction and open for business within two years, taking advantage of the bank runs. The property market has been rising and falling for two years, and there are many people with cash in hand and those who have made huge profits by speculating in real estate.

It shouldn't be a problem to take advantage of this opportunity to earn back the money used to build the hotel from these people.

Moreover, 63 million Hong Kong dollars in 1 is definitely equivalent to 69 million in 2. There is no need to build it bigger.
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He Chaosheng and others hurriedly persuaded Chu Xiangqian that there was no need to invest such a large amount, and since Chu Xiangqian could come up with such a large sum of money, he was naturally not afraid of having a small share.

But the financial resources of all of them combined are not even a fraction of Chu Xiangqian's.

Even if you buy shares, the shares are very small, which is really like chicken ribs, tasteless to eat and a pity to throw away.

Chu Xiangqian also took the opportunity as if he was listening to advice and said that the answer would be 1 million.

But He Chaosheng and others still felt it was too high.

According to their thinking, they could only give Chu Xiangqian 30% to 40% of the shares at most, otherwise he would own more than half of the shares.

If the four of them share it, it would only be a few percent. He Chaosheng even felt that if he got such a small share, he would really be working for Chu Xiangqian.

Moreover, he has only been in the gambling industry for more than a year. No one would believe him when he said he had experience and could manage.

There is no reason to invest based on technology.

But if the total amount is over 6 million, and they and others share 7% or %, they will have to pay to million. Not to mention He Chaosheng, Zheng Yutong also cannot come up with to million in cash.

Bridge had already made up his mind to spend 50 pounds to buy the title of knight, but this 50 is equivalent to 800 million Hong Kong dollars.

It is really impossible to come up with another 15 or 16 million.

Although He Zanyuan may not have enough money at that time, he can go home and ask his elder brother for help.

If the two brothers contribute together, they can still raise 20 million.

Chu Xiangqian rolled his eyes at the four people who kept whispering around him, thinking to himself that they were a bunch of poor guys. But in fact, he also knew that there were many wealthy Chinese people these days, but not many of them could come up with 10 or 20 million Hong Kong dollars in cash.

After thinking for a while, he said, "How about I pay 6 million and take 6% of the shares, and you can share the remaining 4 million?"

He Chaosheng and He Zanyuan immediately shook their heads.

Zheng Yutong was silent now. Although he also wanted more shares, he changed his mind and realized that he had opened three jewelry stores in the past two years.

He also listened to Chu Xiangqian's advice and directly bought the property rights of the store. With the investment of renovation and purchase of goods, he could only take out 500 million in cash. Any more would affect the cash flow of the jewelry company.

As for borrowing money from the bank, Zheng Yutong thought about it and decided to give up.

Once you borrow money and a business goes wrong, it will cause a chain of big troubles.

In this case, no matter whether the total amount is 1 million or 5 or 8 million, it seems that he can only take about % to % of the shares. It is better to stand on the side of Chu Xiangqian, the big money bagger.

Moreover, in the future, Chu Xiangqian will remember my kindness and might even consider involving me in other businesses.

This is much more profitable than earning a few more percentage points in casino shares.

As for Bridge, he also felt that instead of offending Chu Xiangqian, it would be better to help him.

Now it's three to two, and Chu Xiangqian's financial resources and connections determine that his opinion alone can definitely account for two votes.

He Chaosheng and He Zanyuan had no choice but to find a solution for the operation.

This time, Chu Xiangqian did not object to the two of them and became the general manager and deputy general manager of the new hotel.

Even if Chu Xiangqian were allowed to manage it himself, he would only hire a manager. It would be better to let He Zanyuan and He Chaosheng, two local bosses in Macau, take care of it.

And his previous life also proved that He Chaosheng had great talent and ability in this area.

Although the management rights belong to someone else, it means that the actual controller of the company has been taken away by someone else.

But as long as Chu Xiangqian's shares exceed 51%, or even just reach 34%, he is still the real owner of the company.

Not to mention that I now control 60% of the shares, so I must be the chairman of the board of directors.

If He Zanyuan and He Chaosheng do not perform well, the board of directors can vote them out and make them idle shareholders who only receive dividends.

Chu Xiangqian thought about it and decisively recommended Zheng Yutong to take the position of deputy manager, and designated Huang Weixin Law Firm as the legal advisor and accounting audit team for the new hotel.

Although the personnel rights are not directly obtained, as long as the shares are the most, personnel appointments can be decided at the board meeting.

Of course, this kind of appointment will not cover the middle and lower levels, but as long as the general manager, deputy general manager, finance, and legal affairs can be controlled, the company will not be out of Chu Xiangqian's control.

He Zanyuan and He Chaosheng felt somewhat helpless, and looked at the smiling Zheng Yutong with a hint of envy. They thought to themselves that although this kid didn't have many shares, he would be Chu Xiangqian's representative in the casino in the future, and his power in the future would definitely not be small.

After all, Chu Xiangqian is well-known for not being willing to take care of the company's daily affairs.

After the matter was confirmed, Chu Xiangqian did not rush to mention the matter of Chai Wan Pier. He had wanted to invite Mr. Bao to come over for a talk, but he did not expect that the other party was not in Hong Kong Island.

I heard that he went to an island country. Apparently, he went there to discuss the annual lease of a cargo ship.

Mr. Bao started in 55, and in just five or six years, he was able to expand his shipping business from one ship to more than a dozen ships. In addition to his vision, this was also due to his ability.

It also has a lot to do with the fact that he prudently rented the cargo ship under his name to the island country's coal company on an annual basis to transport coal from India to the island country.

Although the profit from annual rental has decreased and even been compressed to between 5% and 10%, it also means that the ship does not need to rest.

Moreover, because we have a contract with the island company, it is much easier to borrow money from the island bank by mortgage.

If you borrow money, you can continue to buy old cargo ships from World War II.

This is how we were able to grow from one ship to more than a dozen ships in just five or six years.

So Chu Xiangqian naturally wanted to get on board Mr. Bao’s ship. After all, twenty years later in 85, he had become the world’s shipping king with assets exceeding 400 billion.

At that time, Li Gong's assets were only more than 3 billion.

But after the peak, it was a decline. But Mr. Bao was actively shifting from sea to land in the 80s, with 1.5 properties.

In the future, just five shopping malls will bring 150 billion in rent to his descendants every year.

It can be seen that Chu Xiangqian has always been eyeing the real estate in Hong Kong Island, which is equivalent to going straight to the end point from the starting point.

But his energy is limited, and he can't really buy all the properties in Hong Kong Island. Otherwise, he will become everyone's public enemy.

Even the people of Ying, and even the Celestial Empire, would be wary of his wealth, influence, and power.

Otherwise, the Rockefeller, Morgan and other magnesium-based financial groups would not have increasingly faded into the background.

The shares held will also be covered by their own names through funds and trusts. In the future, outsiders will not be able to find out the owner's shareholding companies, funds or trusts in those large companies and enterprises. To put it bluntly, this is to prevent the wealth from being too large and being targeted by the public and politicians.

So Chu Xiangqian naturally thought of using others to help him make money, and by the way, pushing others to the front to divert people's attention.

If they invest in other groups, the total assets of all shares will exceed 1 billion yuan. Compared with Chu Xiangqian's own wholly-owned company, which directly controls billion yuan in wealth, the pressure and attention he faces will be much less.

After all, to outsiders, he is just a major shareholder, not the owner of the company.

But those companies that have invested in the company cannot ignore him as a major shareholder.
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After they had almost finished discussing the hotel matters, Chu Xiangqian told people to serve dinner.

Ye Xiaoli and Sanjiangshui then came over to greet He Zanyuan and others.

Unfortunately, He Zanyuan and others had no appetite to eat, and the meal was over in less than an hour.

Chu Xiangqian smiled and personally went out to see the guests off to the car. Before Bridge left, he pulled Chu Xiangqian aside and whispered a few words to him.

Chu Xiangqian shook his head after hearing this.

This guy wanted to persuade Hader, Ge Bai and other members of the poker club to invest in the new casino hotel, but Chu Xiangqian refused without even thinking about it.

Casinos are different from selling horses.

Although the price of the Arabian horse has increased significantly in the past two years, the upper limit of the increase is very low. After all, not every Arabian horse is a champion horse like Wuzhui.

Therefore, the profit from a Arabian horse is only 100,000 or 80,000 pounds.

But casinos can be a thriving business for forty to fifty years, and their annual cash flow is huge.

Only a fool would bring Ge Bai and those foreigners to such a good project.

The reason Bridge was allowed to join was simply because he is the executive director of the Jockey Club and may become the first person on the Jockey Club's board of directors in the future.

Not only does the influence seem large enough, there are also many opportunities for cooperation between the Jockey Club and casinos.

If there are any troubles in the future, the influence of the Jockey Club can solve many of them.

Seeing Chu Xiangqian's refusal, Bridge shook his head helplessly, but before getting in the car, he still confirmed that he would pay 50 pounds to help him get the Officer Medal.

In fact, Bridge is now eager to become a life peer as soon as possible, so that he can suppress other British directors on the board of directors of the Jockey Club.

Once you have control over the Jockey Club, you will have more opportunities to make money.

He has even made up his mind that once he becomes the chairman of the board, he will donate at least HK$10 billion to charity in Hong Kong Island this year.

(End of this chapter)