People in Hong Kong create super chaebols

After chatting with Brother Wu for a long time, Su Cheng left the training base.

Next, he only needs to wait for the intelligence news from Brother Wu.

Two days later, on March 3, Su Cheng received a call from Brother Wu. Some of the information had been almost checked, and the information would be sent to Su Cheng first.

Of course, Su Cheng has no objection to this. After all, there are so many families to talk about, and Su Cheng cannot complete the talks at once, but to talk about them one by one.

It would be better to negotiate it earlier, in case someone else takes a fancy to it in advance. Although he has no loss, Su City needs it very much. If he doesn't get it, his mood will not be so good.

In the study room at home, Su Cheng used the fax machine to talk to Brother Wu again, and a piece of information was quickly sent over via the fax machine.

After getting this information, Su Cheng sat on the chair in the study and started reading.

In the information that Brother Wu sent him, the information that has been found includes four companies: Jardine Matheson Company, Land Company, Swire Company, and Wheelock Company. As for the situation of other companies, the situation of other companies has not been found out yet.

However, this is enough for Sioux City to discuss matters with three properties.

The property I want to acquire the most is naturally the piece of land acquired through a joint venture between Jardine Matheson Company and Land Company. This piece of land is worth more than HK$20 billion. It has a strategic location. As long as it is acquired, a building can be built there. The super high-rise building will definitely occupy the C position of the Xiangjiang city skyline.

Although the headquarters of industries such as So Group and Hutchison Whampoa Group will move to Tseung Kwan O in the future, Su City does not mind building a super high-rise building in Central. After it is built, it will rely on rent. He will be able to make a lot of money in the future.

This piece of land is located in a prime location in Xiangjiang, with convenient transportation and unparalleled appeal. Once completed, it will surely attract many large international and local institutions to become long-term tenants.

This is a long-term investment, not a short-term investment, and Sioux City does not expect to recover the cost in a short period of time.

To build such a building, it would cost at least several billion Hong Kong dollars.

The initial land investment will cost more than 2 billion. Later, there will be an entire building waiting to be funded, which will cost several billions of Hong Kong dollars!

Building a landmark building is not easy, but Su Cheng doesn't care. Anyway, he has a lot of money now, and the funds are used for investment, not deposited in the bank, which is a complete waste.

Brother Wu helped Sioux City investigate a lot of information. Among them, the information on Jardine Matheson Company and Land Company took three pages to explain clearly.

After reading it, Su Cheng was overjoyed.

Brother Wu really did not disappoint him.

Both Jardine and Land are indeed experiencing difficulties at present, otherwise they would not sell off this super beautiful piece of land that they finally captured.

All of this has a lot to do with the fact that Jardine and Land joined forces to compete with Charter King for Wharf.

At that time, in order to prevent Wharf from being snatched away by the charter king, Jardine and Land continued to increase their stakes at all costs, just to maintain their status as the major shareholder of Wharf and thus not lose the right to have a say in Wharf.

The two companies invested more than HK$3 billion at that time.

Given the current situation of Jardine Matheson and Land Group at the time, it was naturally impossible to obtain much liquidity.

A large part of this money was short-term loans borrowed from Standard Chartered Bank.

Given the current situation of Jardine Matheson and Land, it was impossible for Standard Chartered Bank to lend them such a large amount of funds.

Banks will assess risks for companies. No matter how big the company is, if the risk is high, they will not be able to lend large amounts of funds.

Large banks such as Hutchison Whampoa, one of the four major foreign banks, will frequently change owners due to serious losses, and Jardine Matheson is naturally the same.

Therefore, in order to successfully obtain loans, the two foreign banks did not hesitate to sign many unfavorable agreements with banks. For example, if they failed to repay the loan when due, they would directly use stocks as collateral, and the stocks were not based on market prices. Instead, it trades at the lowest stock price in the past year. This is why Jardine Matheson and Land Group are so eager to sell this land now.

If the equivalent shares of Jardine Matheson and Land Group are really mortgaged to Standard Chartered Bank, the Keswick family, the actual controllers behind Jardine Matheson and Land Group, will definitely lose control of Jardine Matheson and Land Group.

There was no way the Keswicks would let that happen.

Therefore, the easiest way is to cut off certain assets and exchange money for repayment.

In addition, Jardine Matheson's equity control over Land Group is getting lower and lower. Jardine Matheson itself has lost control of Wharf Group, which is already a traumatic matter for Jardine Matheson.

If the Keswick family loses control of the Land Group again, they will only have half their life left.

In addition, the financial statements of Jardine Matheson last year were not good-looking. Although the turnover was nearly 12.8 billion Hong Kong dollars, the profit was actually negative, and it was still negative %.

In other words, they actually lost nearly HK$1 billion last year.

The biggest reason for this is investment failure.

The market conditions in the entire world are not very good, and it is normal for them to lose money.

Normalcy is normal. Jardine Matheson often continues to invest heavily and fails to do what it can. This is the biggest reason why they are facing difficulties.

If Jardine could develop like CLP Power in a low profile and do everything within its capabilities, there would never be such a huge loss.

Of course, even if the China Electric Power Company, which has been developing in a low-key manner, is targeted by Sioux City, it will have to shed a layer of its skin.

At the same time, the information also stated that the Real Estate Group's real estate investment in Singapore suffered a major blow at the beginning of this year. The land that was auctioned with an investment of more than 1 billion Hong Kong dollars actually suffered serious subsidence during the construction of the foundation.

Originally, Land planned to build a skyscraper on this land. However, due to geological reasons, even if the foundation is deeper, it cannot build a building more than 50 meters high. In other words, the real value of this land has been greatly reduced. .

Putting down the information, Su Cheng couldn't help but smile.

Now, if Jardine Matheson and Land Group still can't figure it out, then he will get this information in vain.

It must be killed.

Of course, Su Cheng also knew that this knife should not be too harsh.

After all, the location of this piece of land is really good. If Jardine Matheson really wants to sell it, it will sell it for HK$20 billion, and it will definitely be a hot commodity.

He learned that there were more than a dozen consortiums participating in the bidding for this piece of land.

In the end, it was Jardine United Land that spent a lot of money to win it.

Therefore, there are actually many consortiums interested in this land, but the price is an issue.

At the original price, no one would want it, but if it were reduced by a few hundred million, it would definitely be snapped up.

Therefore, the force of the knife's cutting must be controlled well.

Su Cheng hasn't decided how much to chop yet. When the time comes to meet with Tui Bijian, he can just adapt to the situation. (End of chapter)