Hong Kong Island's wealthy era

Chapter 101 Division of Property ([-])

But Lei Liquan is most interested in the Star Ferry because he already controls the bus industry in Hong Kong and now lacks water transportation.And the Discovery Bay development will not be without him for the time being.

The tram company had been owned by Jardine Matheson before. In 74, in order to facilitate management, Jardine let Wharf acquire the tram company. As a result, after the Wharf changed ownership, Lei Liquan and others were advantaged.

Lei Liquan had already discussed the joint acquisition with Charter King and Li Chaoren, and clearly requested that the Star Ferry Terminal property and Star Ferry must be divested to Lei Liquan.

Lei Liquan planned to transfer the Star Ferry to Thunder Travel, and the Star Ferry property would be developed by Thunder Travel. The Star Ferry property would become the famous Harbor City in later generations.And nearly 2000 parking spaces at the Star Ferry Terminal property have been allocated to Thunder Parking buses.

Lei Liquan holds 40% of Bao Lilei's shares, Bao Yugang also holds 40%, and the remaining 20% ​​belongs to Li Chaoren.

The chartering king took out the same amount of cash as Lei Liquan, as well as land shares.The chartering king’s Land shares were lent to him by HSBC.

Li Chaoren also took out all Wharf shares and some cash.

The Charter King and Li Chaoren agreed to first hand over the Harbor City property on the Star Pier and the Star Ferry to Lei Liquan.

But to whom should the tram company give it?This is a treasure-collecting business, and its profits are very stable.Not only Charter King and Li Chaoren want it, but Lei Liquan also wants it, but people can't be too greedy.

Doesn’t this prevent you from enjoying the fruits of victory as soon as possible?
Lei Liquan asked Xu Wendao: "When can the two of them come to an agreement?"

Xu Wen said: "Li Sheng is interested in the tram company's old depot site next to Lee Stage in Causeway Bay. He has made a promise that as long as Bao Sheng is willing to give up the tram company, he will no longer fight for any assets of the milk company."

The Dairy Milk Company owns chain stores such as Wellcome Supermarket and Mannings Pharmacy. Its value is similar to that of the Star Ferry and Tram Company, and it also has cash flow.

Xu Wen asked Lei Liquan for instructions: "If Li Sheng withdraws from the asset negotiation of the milk company, then the asset division of the milk company will be negotiated between us and Bao Sheng. At that time, will we ask for the property land, ice factory warehouse, or chain stores?"

"Don't worry about this. Is the only one left that has not been negotiated is Guiqing Pier?" Lei Liquan asked.

Because the chain Lei Liquan already has a Seven Days convenience store, the land can still be considered, but these are not what Lei Liquan particularly wants. With the seaport, everything is available.

"Yes, it will be a long negotiation process again."

Lei Liquan did not answer Xu Wen, but continued; "Wharf is a listed company, and there are strict procedures for asset divestiture. When the time comes, whose assets will be bought with cash, you have to go to Hang Seng Bank, and the funds will be handed over to them after crossing the bridge." Well, it would be better if Hang Seng is willing to provide long-term loans.”

For example, to purchase the Star Ferry Company, Lei Liquan needs to go to Wharf to purchase it. After Wharf obtains the funds, it will distribute the money to shareholders in the form of dividends.

Bao Lilei's company is a shareholder of Wharf, and Lei Liquan is one of the shareholders of Bao Lilei's company. In the end, the money will still return to Lei Liquan's hands.

"Also remember, who in the affiliated companies will get which assets, who will apply for the loans, and the dividend funds must be returned to Thunder Holdings."

Because a corresponding group of companies under Lei Liquan will go public to cash out and reduce debt holdings.

Lei Liquan decided to inspect the Star Ferry assets and Harbor City (the Star Ferry Terminal property).

The Star Ferry is a ferry that travels between both sides of Victoria Harbor. The terminals are also concentrated on both sides of Victoria Harbor, where every inch of land is valuable.

On the Kowloon side are the Tsim Sha Tsui Pier and Hung Hom Pier, and on the Hong Kong Island side are the Central Pier and Wan Chai Pier. The route is among these four piers. It shuttles according to the routes stipulated in the license. However, Lei Liquan is planning to apply to the Hong Kong government for the opening of the route to Hong Kong Aberdeen in the next step. , Discovery Bay route. "You arrange the route. Today I will check all the Star Ferry Terminals."

Throughout the morning, Lei Liquan inspected the Star Ferry terminal assets. Until noon, the dedicated Star Ferry assigned to Lei Liquan docked at the Star Ferry Pier, ready to have lunch and continue to inspect the Harbor City.

The current Harbor City is also called Star Ferry Property, and there are four major building complexes on the entire land.

The first is the Ocean Terminal, which includes 64.8 square feet of office buildings and a 1200 square feet of shopping mall with 1964 parking spaces. It opened in [-].

The second is the Marco Polo Hotel, which is a single five-star hotel. The hotel is only a stone's throw away from the Star Ferry Terminal and opened in 1965.

The third is Ocean Center, which has the same architectural style as an office building and a shopping mall, but most of the first floor is a parking lot. It was built and put into use in 1977.

The fourth is the Gateway Building. There is no shadow yet. Now it is just a few old-fashioned residential buildings standing on the seaside.

Lei Liquan stood next to the Future Gateway Building and looked over and over again. The overall value of the harbor properties he received now has shrunk by nearly half. He must demolish and rebuild before he can truly own Harbor City.

The establishment of the Harbor City brand was established after the reconstruction of Gateway Building.

After redevelopment, Gateway Building will include five ultra-high Grade A office buildings and a large shopping mall.

Lei Liquan will not deliberately change the course of history. Whether to rebuild in advance depends on the actual situation.

……

Xiangjiang has a superior geographical location on the east-west maritime trade route. It has now become an important hub port on Asia-Europe and Asia-US container liner routes. The top five container liner companies in the world have branches in Xiangjiang.

The Xiangjiang Kwai Tsing Container Terminal is one of the busiest terminals in Asia and is even famous around the world. Later, due to the re-opening of the mainland, it became one of the busiest container ports in the world before 2004. Who is in Kwai Tsing? The port owns terminal assets, which is equivalent to picking up money and opens a door to enter shipping in the future.

Therefore, the wharf in Kwai Tsing is currently the core and most valuable asset of Wharf. Charter King is originally engaged in shipping, so the wharf has become one of its most valued assets.

However, the Charter King and Lei Liquan could see it, and naturally Li Chaoren could also see it, and they would definitely fight for it.

There are now four piers in Kwai Tsing. The first three piers have been put into operation and belong to Wharf, while the fourth pier is under construction and belongs to Hutchison Whampoa.

Lei Liquan also wants a share of the future shipping market, so he must participate in the competition, otherwise he will lose the opportunity. Even if he is assigned a terminal or even a berth, it is an opportunity.

In fact, Wharf still has a lot of high-quality land, such as the Lung Poon Road land in Diamond Hill, which was the Hollywood Plaza owned by Wharf in its previous life.There are also the Kowloon Warehouse in To Kwa Wan, etc.

All of these can be built into properties that collect good rents and make people salivate.

Other scattered plots of land may be given up, but the concession must be done strategically.

　Asking for a monthly ticket!Asking for a monthly ticket!Asking for a monthly ticket!Please give me a reward!Please give me a reward!Please give me a reward!

　　
　
(End of this chapter)