Hong Kong Island's wealthy era

Chapter 9 Thunder Oriental Cinema
Li Chaoren naturally hopes to win the business of rebuilding the Chinese Bank, but facing the fierce opponents, Li Chaoren is not sure of victory.In the end, Li Chaoren also spent a lot of money and submitted a plan that was almost unprofitable.

Li Chaoren's strategy of not making money naturally attracted the attention of HSBC. Shen Bi, who was in charge of the matter at the time, naturally handed over the business of rebuilding the Chinese Bank to Li Chaoren.It only took Li Chaoren 2 years to build the new Chinese Bank.

The new building has a total height of 22 floors and a total area of ​​24 square feet. The exterior walls use the most advanced technology at the time.In addition, the building's lighting and fire protection systems are all controlled by computers.

Shen Bi was very satisfied with the new Chinese trip. During the two years of contact, he also had a comprehensive understanding of Li Chaoren.

Later, with the support of Shen Bi, Li Chaoren began to soar into the sky, turning Xiangjiang into the city of the Li family. He built the house he lived in, distributed the electricity he used, and opened the supermarkets he visited...

Therefore, Lei Liquan had to intercept Hu from HSBC, not only because he did not want this Chinese building to fall into the hands of foreigners, but also to cut off some of Li Chaoren's luck.

For a businessman with top-notch vision and ability like Li Chaoren, it is difficult to contain him. He can only narrow Li Chaoren's path by relying on his vision from his previous life.

As for why Lei Liquan knew so clearly?The autobiography of Li Chaoren in his previous life was very popular.

Now Lei Liquan wants to let Li Chaoren experience how high-spirited you were when you wrote the biography of Li Chaoren in your previous life, and how depressed you will be in this life. (Smile……)
So after having dinner with Shen Bi, Lei Liquan took the Chinese trip to his heart.

……

The next day, Lei Liquan asked Lin Changming to find out more about the current situation of the Chinese Bank.

After several days of understanding, Lin Changming also handed over to Lei Liquan what he knew about the Chinese Bank.

The Chinese Bank still belongs to Chinese Real Estate, and Chinese Real Estate is not Fan Liu's property yet. At this moment, he has not even established Aimeigao.

At this time, the bosses of Chinese real estate were actually two major families - the Feng Bingfen family and the Li Fushu family.

Li Fushu and Feng Bingfen both come from well-established and prominent families in Hong Kong. Li Fushu is a descendant of Li Shipeng and the brother of Li Fuzhao, the godfather of Hong Kong stock circles.Li Fuzhao was the founder of the Far Eastern Society, and he was also the first chairman of the United Exchange established after the merger of the four societies.But Li Fook-shu's identity is no less than that of Li Fook-siu. He is now a member of the Legislative Council and the chief executive of Bank of East Asia.

Feng Bingfen is the son of Feng Pingshan, the founder of the Bank of East Asia. He is now a member of the Legislative Council and the Executive Council. In 1971, he was awarded a knighthood by the British Royal Family.

In fact, the two real estate companies also control China Entertainment, and they take turns serving as the chairman of the boards of the two companies.

Originally, these two families controlled the majority of the equity of these two companies, and it was difficult for others to occupy the magpie's nest.

But the fortress was always breached from within. Later, the two companies had disputes over interests and were broken down by fans Liu, who successfully moved into these two listed companies.

The Chinese Bank Building occupies a small area, less than 12 square feet, and is only 2 floors high, but its location is excellent. No. [-] Queen's Road Central, Hong Kong, is next door to the later Landmark.

Now due to the stock market crash and the oil crisis, the operation of Chinese Real Estate is also in difficulty. Otherwise, it would not sell the building with such an excellent location to HSBC.

But just because the location was so good, Lei Liquan found that he didn't have enough money at all.

Before the stock market crash, the building and the land were worth at least 9000 million. To buy it, it would cost at least hundreds of millions, and others might not even sell it.

Although real estate is in a downturn now, its geographical location determines that its price will not drop too much. It would cost at least 8000 million to buy it now.

This made Lei Liquan suddenly feel that he was actually very poor.I thought that 8000 million was a huge amount of money that I could buy, but now I found out that it was only enough to buy a building in Central.

But Lei Liquan didn't give up. Although he didn't have enough money now, he would have enough gold by selling it at the end of the year. In the worst case, he could get a loan.

Moreover, real estate has not hit rock bottom now and will be cheaper at the end of the year, which is more in line with my time.

However, some preparation work can be done slowly first, to test the tone of Chinese real estate, and then we can slowly talk about it. If the acquisition funds are really not enough, you can get a mortgage loan from HSBC.

……

After these busy half-months, at the end of March, Thunder Development spent 360 million to purchase the Yau Ma Tei Cinema. 5000 million to purchase Luhaitong Building.

Although the Lu Hai Tong Building only has 1 floors, it occupies a smaller area than the Chinese Bank, only over [-] square feet.

But in any case, this building was only built about 14 years ago and is still relatively new. The annual rent for the building on Queen's Road in Central is also a lot of money.

But to buy this building, Lei Liquan no longer had much money.

With the addition of these two theaters, Thunder Oriental has ten theaters available, including six leading theaters.

However, Shaw Brothers has 28 theaters, and Golden Harvest Cinema Line also has 26. Even excluding Ritz's eight theaters, there are still [-] theaters, not to mention that Golden Harvest will definitely make up for it.

Lei Liquan did not want to be content with others, so he directly spent 450 million to buy the property rights of five theaters owned by Chen Rongmei and Feng Bingzhong.

Then, based on the distribution of theaters in hand, it spent 210 million to purchase three theaters.In this way, Thunder Oriental Cinemas has 18 theaters spread across Kowloon and Hong Kong Island, and has the initial ability to compete with Shaw Brothers and Golden Harvest.

Today is the time to finish the business. I invested 9200 million (originally 800 million, but I kept 4200 million, only invested 5000 million, and took a loan of 1200 million). It cost 6020 million to buy my own theater. This time, I spent 2000 million yuan on this purchase. There is less than [-] million Hong Kong dollars left. It seems that I can still afford to buy a Chinese bank, but I need a loan.

But before that, we have to negotiate with Jiahe, because our eight theaters are leased to Jiahe. If we take back the theaters, we can’t leave them empty. We have to find film sources. No matter how busy we are, we will never finish...

For Thunder Oriental Cinemas, Lei Liquan hired Yang Wenkai, their vice president from Shaw Brothers, to work in theater distribution for ten years.

Shaw Brothers is the number one theater chain and has always been excellent in management, so of course Lei Liquan hired people from Shaw Brothers.

The first thing Yang Wenkai did when he took office was to negotiate with Jiahe and take back the theater chain.And renovate the theater chain, and hang up the signboard of Thunder Oriental Cinemas.

Yang Wenkai's ability is indeed good. He not only supplemented the manpower of the theater company, but also quickly established the authority of the top leader.

At this point, the Lei family has officially become involved in film distribution.

In June, the Lu Hai Tong Building was officially handed over. It was originally planned to rename the Lu Hai Tong Building to Lei Kee Building.Lei Liquan thought about it and decided that he should keep a low profile and keep a low profile, but what happened next made him unable to keep a low profile anymore.

　Ask for collections, ask for recommended tickets!
　　


(End of this chapter)