Year: I had a good time when I was young

Chapter 808: Using force to suppress others, 5 square meters of factory building
After Zhao Congyen got the cooperation project from Mingda, he silently calculated in his mind that even if he only got some minor projects from Ye Xiaoli, he should be able to make a profit of over one million Hong Kong dollars every year.

As cooperation deepens in the future, profits will surely increase.

He thought to himself that it was no wonder that people outside said that anyone who got in touch with Chu Xiangqian was like riding a ride.

It’s hard not to make money.

I immediately felt relieved, at least I achieved my first goal.

Don’t underestimate the Zhao family, who were worth 50 to million in the mid-s and were one of the richest families in Hong Kong Island.

However, in recent years, due to the three or four years of drought in China, the road freight industry has had no money to purchase supplies from Hong Kong and abroad.

China's import volume suddenly dropped to zero from hundreds of millions to seventy or eighty million in the 50s, and the truck freight industry lost half of its orders.

In recent years, all companies related to China's import and export business have had a difficult time.

Although real estate has been on an upward trend in the past two years, the demand for cement and sand and gravel has been increasing. Many sand and gravel plants and even real estate developers themselves are buying trucks.

These sand and gravel and real estate developers have inseparable ties with the community. Buying trucks can not only support their subordinates, but also keep the profits in their own hands.

Therefore, transportation companies that previously focused on freight also could not find many orders.

Zhao Congyan originally thought that his career switch to shipping was a wise move, and facts have proved that shipping is indeed profitable.

Otherwise, the Zhao family and the charter ship king would not have expanded rapidly from one ship to more than twenty ships in just five or six years.

The net worth will not increase from 40 or 50 million to over 100 million.

Of course, a large part of this wealth is the market value of the company and real estate, and it has also expanded due to the appreciation of real estate in the past two years.

Zhao Congyan actually doesn't have much cash in his hands, so it's easy for him to take one or two million, but if he wants to take 1 million in cash, he'll have to buy real estate.

But after Chu Xiangqian entered the shipping industry, he faced competition from foreign multinational shipping companies in front of him, and now there was the wealthy Chu Xiangqian joining the game, and as soon as he opened his business, he had more than 30 ocean-going cargo ships of 10,000 tons.

Within two months of opening, the number of ships suddenly increased to 60, and the total tonnage reached about 90 tons.

Moreover, most of this guy's ships take the short route to Sakura, overlapping part of their business with most Hong Kong shipping companies.

If Chu Xiangqian’s cargo ships also start sailing to Southeast Asia in the future, many companies will be forced into bankruptcy by him.

So let alone a profit of HK$100 million a year, Zhao Congyen doesn't want to give up even a business worth hundreds of thousands or even tens of thousands.

After dinner in the evening, Zhao Congyen said as he escorted Chu Xiangqian to the car, "Mr. Chu, your Kowloon Racecourse's business is booming, and I want to go and see it tomorrow.

If Chu Sheng is free, why don't we go together?"

Chu Xiangqian knew what Zhao Congyan wanted to say to him, but he felt that now was not the best time to discuss the merger.

And if you think about it carefully, his sudden entry into the Hong Kong shipping industry not only robbed the business of local shipping companies in Hong Kong.

The business of shipping companies in Southeast Asia, Taiwan, South Korea, and even Japan, Europe and the United States will definitely be affected.

The easiest ones to deal with are actually the shipping companies in Hong Kong. We just need to reveal some information. I believe Boss Zhao and Boss Bao should know what to do.

Even if cooperation or even merger cannot be achieved in the end, it will be able to stabilize Hong Kong Island and prevent it from holding itself back.

After thinking about it, he simply revealed the identities of the other two shareholders of the shipping company.

Moreover, the fact that Philips and Norton had invested in the company could be kept secret from the outside world, but it could not be kept secret from Ge Bai, Hadel and others.

The Hong Kong capital must know about this, so Hader, the head of the Civil Service Department, must also know about it.

Other members of the card club must have also learned some news from Hader or the Hong Kong government.

Otherwise, the shipping company has been in operation for more than two months, and there is no reason why Hadel, Ge Bai, Nelson and others would give up the opportunity to invest in the shipping company.

Since these foreigners didn't mention it, it proves that they already know a lot of information.

Moreover, Chu Xiangqian’s valuation of the shipping company at US$2 million was indeed too high.

But there were two suckers, Philips and Norton, who agreed to the price and actually bought shares.

As long as Hader and his companions are not stupid, they will know that there is basically no hope for them, so they might as well just take the dividends from the coal profits.

Therefore, Chu Xiangqian believed that the news that Philips and Norton were shareholders would not be kept secret from the local prominent families for too long.

After all, they have a good relationship with the foreigners, and some of them are even the foreigners' spokespersons.

In this case, Chu Xiangqian did not hide it and said to Zhao Congyan with a smile, "Mr. Zhao, do you know who the other two shareholders of International Shipping under my name are?"

Zhao Congyan was stunned for a moment, and then his face became depressed.

The reason why I took the initiative to approach him was because I heard that Chu Xiangqian had established deep connections in international shipping.

Although we don’t know who it is exactly.

But no one caused trouble for international shipping, except for the fear of Chu Xiangqian's revenge, someone must have hinted to the local ship owners like them.

Chu Xiangqian didn't say anything more and directly revealed the identities of Philips and Norton, then said with a smile, "In order to buy shares, the two of them each spent 500 million US dollars, but only got 2.5%, a total of 5% of the shares.

So, I welcome Mr. Zhao’s cooperation, but whether he agrees with their valuation of the international shipping company is up to Mr. Zhao himself.”

After hearing this, Zhao Congyan showed a look of astonishment and thought to himself, is Chu Xiangqian crazy?
But when I thought about the identities of Philip and Norton, I felt that a prince and the grandson of the commander-in-chief of the three armies could not be so brainless.

Zhao Congyan soon guessed that there must be some secret that he didn't know about.

The so-called deep relationship should not only involve Philips and Norton, there must be other people involved.

As for the valuation of US$2 million, Zhao Congyan now feels that he was crazy if he proposed a merger.

Even if the market value of its own shipping company with a capacity of 10 tons is overestimated, it will not exceed 4 million Hong Kong dollars.

Chu Xiangqian's previous valuation of the Zhao family's shipping company at 1 million US dollars was more influenced by the title of Shipping King.

And 4 million Hong Kong dollars converted into US dollars is less than 500 million.

If a merger were to take place, Zhao Congyen might not even get 2.5% of the shares since he does not have the connections and relationships with Philips and Norton.

If the shares do not exceed 5%, you are not even qualified to join the board of directors and obtain voting rights. What is the point of the merger?
Zhao Congyan smiled helplessly, and suddenly he had the idea of ​​changing careers and selling his own shipping company.

Otherwise, his financial resources are not as good as Chu Xiangqian's, and his connections are even worse.

There is no need to engage in price competition. Just let Philips or Norton make a few remarks, and the foreigners in Hong Kong will try their best to suppress those competitors that may threaten international shipping companies.

But now doesn’t seem to be the right time to buy it.

They will lose confidence, and other ship owners in Hong Kong, as well as capital, will also be bearish on local family-run shipping companies.

Zhao Congyan couldn't help but feel discouraged. When he looked at Chu Xiangqian again, a feeling of powerlessness spread throughout his body.

This young man is only in his early twenties, but he is already so experienced in business.

You know, the bigger the business, the more it relies on power.

First, he established connections in London, and then with his connections with the foreigners in Hong Kong Island, he was considered a good person because he didn't bully others.

"Mr. Chu, you have good methods and insights. Compared with you, we old guys who have worked hard for more than ten or twenty years are already more than one level behind." Chu Xiangqian laughed. He had used this method of using power to suppress others many times.

It is clear that wealthy people like Zhao Congyian have earned every penny through their own hard work. They have vision, skills, intelligence and luck, but they have always been suppressed by foreigners.

Therefore, these people can become extremely wealthy and remain wealthy for generations. Although luck is indispensable, the founders of their families are also leaders of their times.
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After Chu Xiangqian and Zhao Congyen parted ways, he temporarily focused his attention on the electrical appliance city project.

Although Le Yan and Ling Feng were responsible for most of the preparatory work, Chu Xiangqian, as the boss, still had to negotiate with the electrical appliance manufacturers on specific issues such as purchase price, payment model, after-sales service, etc.

These days there is no such thing as three guarantees, one-week trial, unconditional return or refund.

If you buy something and it breaks that same evening, that's the customer's problem.

As for wanting to accumulate payments for one or two months, or even three or five months, forget it.

Hong Kong Island is indeed too small.

It is not even as populous as China's future medium-sized cities. Even if prices are very high, if you rely on this small population to negotiate with people about backlogs of payments, no one will pay any attention to you.

Moreover, most electrical appliances are imported, and cross-regional and cross-national lawsuits are troublesome matters that should be avoided if possible.

Chu Xiangqian thought it would be no problem for him to go to Japan, England, or Magnesium to purchase the goods himself, and the prices could indeed be lowered a lot.

But the payment must be made directly.

Therefore, it is simply unrealistic to want to learn from the future Guo Mei.

In addition to small profits but quick turnover, a large part of the company's profits comes from the large amount of cash it has on hand.

The interest alone is quite a lot.

If used for investment or financial management, even if it is a conservative type, the interest can be several percent higher.

Unfortunately, although Hong Kong Island is developed, its population and market are really too small compared to China.

However, Chu Xiangqian carefully considered it several times and decided that the purchased site itself was an investment with great prospects.

Therefore, there is no possibility of loss when purchasing the four buildings.

The electrical appliance city that you invested in will suffer losses in the future, or even go out of business.

The losses will only include the money spent on purchasing electrical appliances, employee salaries, renovation and reconstruction costs, and other miscellaneous expenses, which will not exceed 500 to 1 million Hong Kong dollars.

Chu Xiangqian didn't even blink an eye at losing this little bit of money.

If the business can continue, it won't be a matter of loss, but a matter of how much profit can be made.

They even stopped selling electrical appliances themselves and instead built a large venue and invited major electrical appliance manufacturers to move in.

Use economies of scale to attract customers, and then rent the upper floors of the four electrical appliance buildings to these electrical appliance factories as warehouses.

Just be a big landlord.

But after thinking it over carefully, Chu Xiangqian decided to try it himself.

I don't believe that low prices and economies of scale will not be able to win over comprehensive shopping malls with higher costs, as well as those small and medium-sized electrical appliance stores.

The site of the fourth electrical appliance city was also a flour factory that Ling Feng found in Mong Kok when Chu Xiangqian brought Le Yan, lawyers and accountants to negotiate with various electrical appliance manufacturers.

这家罗氏工厂有4个高8米，面积700平米的厂房，2个面积同样700平米的仓库。

There is also a playground that can park more than a dozen trucks and a three-story office building with an area of ​​about 3 square meters in the factory.

The reason why Mr. Luo wanted to sell the factory was very simple. When he opened this flour mill years ago, he only spent 130 million on the land.

Now, this piece of land alone should be worth more than 2 million.

The second reason is that 17 or 18 years ago, there were very few people of the generation working at the flour mill, so if something happened, it would not hurt the residents.

But now it’s different. The surrounding area has gradually developed into an urban area.

Moreover, in recent years, with the loss of cheap wheat from the mainland, the cost of importing raw materials from Southeast Asia and reprocessing them is actually more expensive than flour imported from Southeast Asia.

After two or three years of losses, Boss Luo is now unable to hold on any longer.

Since the Hong Kong government intends to persuade him to move to a more remote place.

The expansion of Kwai Chung Pier was confirmed last year, and many places in Kwai Tsing have become large construction sites.

And being close to the port, freight is cheaper and costs are lower.

In addition, housing prices have been rising for two consecutive years. If he sold it at a high price, he would have at least 20 million yuan in cash. Whether he continued to run the flour mill or did other business, it would be much better than dragging it on.

Chu Xiangqian received a call from Ling Feng and listened to Ling Feng's introduction to the flour mill.

Even though the flour mill did not seem suitable for use as an electronics store, Chu Xiangqian was surprised to learn that the total area of ​​the factory was 5000 square meters, or about 7.5 acres.

I decided to buy it without thinking twice.

Mong Kok was actually already quite prosperous at that time. After the expansion project of Kwai Yung Pier was completed in a few years, Mong Kok and Sham Shui Po would usher in greater development.

On the contrary, Yau Ma Tei will slowly transform from a densely populated area into an old town, basically matching the development speed of Mong Kok and Sham Shui Po.

To put it bluntly, Mong Kok, Yau Ma Tei and Sham Shui Po are all old urban areas, but Mong Kok has more new buildings and Sham Shui Po's industrial development will also accelerate.

But although the city is old, the future rent will be ridiculously expensive.

The more expensive the store and housing rents are, the more they will affect development.

Chu Xiangqian accepted the unconditional offer of HK$2 million, and in his heart he already felt that he would make a profit if he bought it.

But he still promised Ling Feng on the phone, "Go talk to the boss, for every HK$50 reduction, I'll give you a commission of HK$5. If you can reduce it to HK$2000 million,

The commission increased to 8 yuan. "

It is normal to bargain for one or two million. Chu Xiangqian doesn't care about the commission of 10 or 20.

But if the price is reduced by 400 million, not everyone can reach an agreement.

And once it really drops below 2000 million Hong Kong dollars, Chu Xiangqian will not hesitate at all to give Ling Feng a commission of 40 or 64 Hong Kong dollars.

Ling Feng's breathing became heavy after hearing this.

I assured you again and again that we could definitely come to an agreement.

After hanging up the phone, Ling Feng took a deep breath for a while before he calmed down.

If this deal is negotiated, even if he no longer works for Chu Xiangqian, he will have the capital to start his own business.

However, Ling Feng was still rational and knew that instead of starting his own business, it would be better to rely on Chu Xiangqian, a big financial backer.

Not only can you make more money, but by following him, you can also learn more and make more connections.

No matter how much Ling Feng earns, Chu Xiangqian is the biggest winner.

(End of this chapter)