People in Hong Kong create super chaebols

Chapter 176 I want to acquire all the theaters owned by your group

"Mr. Su, let's get down to business. It's like this. I participated in an auction held by the government last month and won the bid for a 32-square-meter industrial land in Chai Wan, near Pottinger Hill. The winning bid fee is HK$500 million, which is used to build a large industrial park. In addition, the overall construction cost is about HK$1 million, which means that the overall investment capital is about HK$1.85 million.

Our group has carried out a number of investment projects this year. The return of funds is not so fast, so funds are somewhat scarce. However, we do not want to miss this development project, so I gritted my teeth and took pictures of it. With an investment of nearly [-] million yuan, It is not easy to find a partner. I have heard a little bit about Mr. Su's personality. I happened to meet Mr. Su at a charity auction, so I wanted to see if Mr. Su was interested in this investment project. "

Lin Boxin said what he said at the charity auction again, but this time in more detail. At the same time, he took out a stack of information from his bag and handed it to Su Cheng.

Su Cheng took the information, and the first one was a very detailed map of the location of the industrial park.

At the back are the details of the plot and proof of a successful auction.

Su Cheng took the location map and looked at it.

This location is not too remote. It is on the southeast side of Chai Wan, at the foot of the northeastern Pottinger Mountain. Further to the northeast is the strait. On the opposite side of the strait is Tseung Kwan O. The location is still very good.

The disadvantage is that it is backed by the Chai Wan Chinese Permanent Cemetery, and one-third of this land is on a low mountain. To fully develop it, it needs to be bulldozed or built against the mountain, which is a bit difficult.

Of course, the biggest advantage is that land is not expensive.

Chai Wan is a corner of the urban area and has always given people the impression of being far away.

In fact, Chai Wan was developed very early.

In 1959, the original villages in Chai Wan were demolished and converted into 27 resettlement buildings. In 1968, the population of Chai Wan increased to 80000. In the 1970s, a large number of factory buildings were built in Chai Wan, turning Chai Wan into an emerging city. industrial area.

Compared with Sha Tin, the location here is actually better. It is located on the east side of Hong Kong Island and the distance to Causeway Bay is less than ten kilometers.

Compared with the current Tseung Kwan O, it is even more advantageous.

Moreover, because of its early development, the population here has already reached 10,000+.

HK$500 million is indeed not expensive to acquire such a large piece of land.

This place is not like a place with few people like Tseung Kwan O. It is an area that has been developed for 20 years and is very mature.

"Mr. Lin, in principle, I am quite interested in this investment, but I don't know how you want to allocate the investment proportion?" Su Cheng put down the information and asked with a smile.

"The two of us can form a joint venture, and you can hold up to 49% of the shares. As for investment and profit distribution, it will also be divided according to this ratio. I wonder what Mr. Su thinks?" Lin Boxin said simply and clearly.

Lin Boxin's intention is to become the major shareholder, which is normal. After all, this is the land he has won, and it is impossible for others to turn around.

"Basically no problem. Let's do this. I'll ask my Hutchison Real Estate Company to contact your company and we will discuss it in detail at that time." Su Cheng said directly.

Eighty-five million Hong Kong dollars to acquire 500 square meters of land is simply a bargain.

As for the subsequent HK$1 million to build a large industrial park of 32 square meters, it is naturally not high.

The current Xiangjiang Industrial Park is not the popular metal factory, but the popular building factory.

Many small factories, when they lack funds, will only rent one or half a floor for production and processing.Most of the industrial buildings are built with more than five or six floors, and some are even built with eight or nine floors.

Therefore, the annual rent for each industrial building is very considerable.

Although this land is close to the tomb and even part of it is mountainous, the land price is really very cheap, so cheap that its shortcomings can be ignored.

Of course, Su Cheng is not a professional, so Hutchison Real Estate Company will naturally have to investigate the detailed situation before discussing the details of cooperation.

This kind of cooperation involving more than hundreds of millions of Hong Kong dollars cannot be achieved in just one or two sentences.

"Okay, then I hope we have the opportunity to cooperate." Lin Boxin nodded.

He also knows that it is not easy to succeed in such a large-scale cooperation.

However, since Su Cheng verbally agreed, the next step is basically to proceed to further discussions between the two parties.

The current economic environment can only be said to be average. It is not easy to find such a large partner, and it is even more difficult to find a reliable partner.

It is not easy to find a strong and well-funded partner like Su City.

"Mr. Lin, I would like to take the liberty to mention, does your Lixin Group have a cinema company?" Su Cheng asked.

The key to the success or failure of a movie lies in the two links of distribution and stores, and stores refer to movie theaters.

This time when Su City invited Lin Boxin, the most important thing was to focus on the cinemas owned by Lixin Group.

"Yes, it seems that Mr. Su knows our Lai Sun Group quite well. We started to try to invest in cinemas in 1975 and now have six cinemas under our umbrella. However, the cinemas are not very profitable. Our six cinemas are all Being located in the most prosperous area of ​​the city center, the profits we create in a year are only a fraction of those in the real estate industry. Investing in this industry is considered to be a bit of fun," Lin Boxin said with a smile.

In the 70s, the Hong Kong government stipulated that each district in Hong Kong must have a certain number of cinema seats based on the population. After the real estate developers obtained the land, they were responsible for building a cinema with enough seats in the shopping mall. They were not allowed to use it for other purposes in the future. If they were used for other purposes, they would need to After paying an astonishing land premium, there are now hundreds of movie theaters in Hong Kong.

Lai Sun Group owns six cinemas and is considered a good film force.

Moreover, the cinemas under the Lisun Group have a very good reputation because their services, environment and equipment are among the best in Xiangjiang. Su City has also heard of this.

This is also the reason why Su Cheng wants to take over Lin Boxin's cinema for his own use.

Reputation is very important for a movie theater. A good reputation often takes months or even years to accumulate.

In fact, Sioux City can open a new cinema now. The cost of a cinema is not high for Sioux City. A small and medium-sized cinema can be opened with a few hundred thousand Hong Kong dollars.

It’s just that such small-scale cinemas often cannot attract many audiences.

Moreover, at present, there are basically movie theaters in major places in Xiangjiang City. If we add more, the competition will be too great, so it is better to acquire ready-made ones.

"I want to acquire all the theaters under your group. I wonder what conditions Mr. Lin has?" Su Cheng asked directly.

(End of this chapter)