Chapter 55 The Wharf

Hong Kong is very hot in August, which is hard to resist and unbearable.

Xiangjiang is one of the most densely populated cities in the world, but it rarely suffers from traffic jams.

Some people will definitely ask, why is there no traffic jam?It can definitely be said that the cost of using a car in Xiangjiang is too high.

Buying a car in Xiangjiang is not expensive, but every time you buy a car, there is a registration tax which is very expensive. For a car worth 15 yuan, the registration tax is 6 yuan.Moreover, all oil is imported, and the oil price is also very high.

As we all know, land in Xiangjiang is very scarce. Because of the scarcity, land is very expensive, and parking is also very expensive.In some areas, in the 70s, the parking fee was tens of dollars per hour. If you wanted to buy a parking space, you could probably buy several cars for the price.

The polarization in Xiangjiang is particularly serious, especially in terms of housing. A large number of people do not even have 5 square meters of independent space.

Developers in Xiangjiang generally develop houses with 500 square feet to 700 square feet. Don’t think it’s big when it looks like a few hundred square feet. In fact, a house of 500 square feet is only about 40 square meters.

It is common for a family of seven or eight people to squeeze into a house of thirty to forty square meters. This is not bad, after all, they have their own house.

In fact, most ordinary people in Xiangjiang can only afford to rent small, shabby pigeon houses and coffin houses of a few square meters.About [-]% of the population in Hong Kong live in places that are worse than prisons in some developed countries.

In fact, there is no shortage of land in Hong Kong and there is vast countryside that can be developed. However, every time the government wants to propose development, it will be under invisible pressure.

Environmentalists will first come out to protest, and then a group of people with negative equity will also come out to protest. The real estate developers in Xiangjiang are his staunch supporters.

The wealth in Xiangjiang is in the hands of a few people, and only they can afford cars, so the traffic in Xiangjiang is not actually crowded.

Today Lei Liquan's motorcade arrived at the Connaught Building in Central.Connaught Building is actually the later Jardine House. It is located at 1 Connaught Place, Central, Hong Kong, China. It is 52 floors (178.5 meters) high. It was built by Hong Kong Land Company and completed in 1973. It is the first skyscraper in Hong Kong and currently the tallest in Asia. The building was built until it was replaced by Hopewell Center in the 80s.

Of course, Lei Liquan is not here to visit Jardine Matheson today, but to visit Leon, the head of Goldman Sachs' Xiangjiang office.

Lei Liquan stood on the square of the building and looked at the Kangle Building. He couldn't help but sigh: It's really spectacular.

Goldman Sachs came to Hong Kong five or six years ago. No matter how prosperous Goldman Sachs is in the beautiful country, because Hong Kong belongs to the territory of British banks, HSBC and Standard Chartered are always watching. In the end, the strong dragon did not overpower the local snake, so Goldman Sachs has been Not doing well.

Xu Wen had made an appointment with Leon, the head of Goldman Sachs Xiangjiang today.Even though his name is Leon, he is actually a Chinese.

Goldman Sachs' Xiangjiang office is on the 42nd floor.Under the guidance of the staff, Lei Liquan and his party met Leon in the reception room.

"Hello Lei Sheng!" Leon smiled and stretched out his hand to shake hands with Lei Liquan.

Before meeting with Lei Liquan today, Lyon did some research. He was very happy that Lei Liquan was already a billionaire. He hoped that he could open a gap to enter the rich world in Hong Kong, so he would naturally be more polite.

Lei Liquan replied: "Hello Mr. Lyon, it is my honor to meet Mr. Lyon today."

Leon smiled and said: "It is also my honor to meet Lei Sheng. Please sit down, both of you."

The three of them tasted the coffee prepared by Secretary Lyon and chatted casually.

After all, Leon is Chinese and is proficient in Chinese culture. Seeing that the time was almost up, he asked. "I wonder what Goldman Sachs can do for Lei Sheng?"

Lei Liquan smiled and said: "I am optimistic about a company stock, and I hope Goldman Sachs can help me operate it."

"Really, Goldman Sachs and I are lucky to be able to serve Lei Sheng. I don't know which stock Lei Sheng is optimistic about."

Lei Liquan took a sip of coffee and said, "Wharf."

Leon thought for a while and said: "The performance of Wharf in recent years has not been very good. It can be said to be very poor. Lei Sheng has already decided?"

"It has been decided, but I wonder if Goldman Sachs can provide financing support?" Lei Liquan said with a smile.

"Isn't it our job to provide financing? And the procedures can also be discounted."

Leon found a piece of information, opened it, looked at it, and said, "We are also paying attention to Wharf. It should be said that it is the leading stock in Xiangjiang. We have always been paying attention to it."

Looking at Lei Liquan, Leon continued: "Now Wharf is only 12.5 Hong Kong dollars per share. Wharf's total share capital is 9487 million shares, and the total market value is 11.8 billion Hong Kong dollars. I wonder how much Lei Sheng wants to invest?"

Lei Liquan thought to himself, Goldman Sachs is so powerful now and always pays attention to the Hong Kong stock market, but it is normal for an investment bank.

"Currently, I can put out [-] million in cash, and I hope Goldman Sachs can double the financing limit. The financing limit can not be used at the moment, it is just a preparation. But I hope that before the end of the year, Goldman Sachs can slowly absorb it and not cause the stock price to rise."

If so much money were invested all at once, it would definitely attract the attention of the capital market and the Wharf board of directors. Not to mention that we are not yet in the era of computer networking. Buying stocks requires manual operations, and the entry of slightly more funds will be discovered.

Leon nodded and agreed: "Please rest assured Lei Sheng, we at Goldman Sachs have been operating in major stock markets around the world for so many years, and there are still three and a half months until the end of the year. We will never let anyone find out."

"It's just that I have the obligation to remind Lei Sheng again that Wharf has invested more than [-] billion in the construction of Harbor City in recent years, and now the project is only half completed. The current interest rate is so high. If something goes wrong in Harbor City, it will drag down the entire Wharf, and even Even Land will be affected.”

Harbor City is located opposite Victoria Harbor Central in Hong Kong.

Wharf originally operated dock warehouses. In the early 70s, the real estate industry in Xiangjiang began to boom. Wharf naturally understood that the maximum value of its dock warehouses could only be realized by developing real estate.

Harbor City was originally a large dock warehouse, so Wharf prepared a plan for commercial development and building a large shopping mall.

Of course the plan is beautiful, but the reality is cruel.During the construction process, the Hong Kong stock market crash in the early 70s, followed by the global oil crisis, caused bank interest rates to rise, and the Wharf Group was heavily in debt.

Not long after Xiangjiang emerged from the stock market crash, most people were not optimistic about Wharf, which was heavily in debt, so its stock price plummeted.

Lei Liquan lived an extra lifetime, so he naturally knew the future value of Wharf. Not counting fixed assets, the annual rent would reach 500 billion.Moreover, at the end of next year, Li Chaoren was making waves in Wharf, and the stock price rose to more than 40 yuan, but he only bit half of the fruit.

Now that he has money, Lei Liquan naturally wants to take a bite, preferably the whole fruit of victory.

The cooperation went smoothly, but there were still many follow-up matters. The interest, margin, and transaction fees of leveraged financing were left to Xu Wen and Zhang Dazhuang. Lei Liquan continued to be the hands-off shopkeeper.

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(End of this chapter)

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