Hong Kong Island's New Rich Era

Chapter 100 A blockbuster

Before liquid crystal panels (computer monitors, televisions) were widely used, the liquid crystal industry was an industry with a very small application scope.

It can only supply products such as electronic watches, handheld game consoles, calculators, etc. Although these markets are not small, they are not very large either.

Currently, major electronics companies are also working hard to develop large-panel LCD technology, hoping to enter the television field, but it is still decades away from achieving this goal in the past.

Therefore, the United States now has no regulations on LCD technology at all. As long as the money is in place, Orange Technology can obtain the production line.

Moreover, RB has obtained a large number of basic patents from RCA in the United States. Because in the field of liquid crystal, RB has begun to surpass its counterparts in the United States.

The LCD industry is already a declining industry in the United States. Many companies, with the mentality of making every possible profit, have reached relevant agreements with Orange Technology.

Moreover, their technical personnel are not as arrogant as the RB people. Under the attack of sugar-coated bullets, I believe that Orange Technology will be able to master the basic production technology quickly.

"Mr. Liu, we can start production next month. Moreover, RCA engineers are very willing to teach our technicians, and I believe they will be able to master the production technology soon." Huo Haiqing replied.

Liu Zhicheng nodded and said, "Well, we should set up a relevant liquid crystal technology research center to conduct new liquid crystal technology research."

After explaining these things, Liu Zhicheng had basically completed the layout of the industrial park, except for a chip production line.

Liu Zhicheng shook his head when talking about the chip production line. This is a big electricity consumer. There is no doubt that Hong Kong’s electricity supply will be insufficient, and it is possible that others may strangle its electricity supply at any time and anywhere.

…………

As the bidding date for the development rights of properties above subway stations draws closer, Liu Zhicheng becomes more and more excited.

At any time, speaking with strength is the golden rule. Without strength, there will be no chance even in the fairest competition.

Opportunities always come to those who are prepared, but those are often left to those who work hard.

Liu Zhicheng: As a young man in his 20s, if you want to win, you can't just rely on luck, you can only rely on your own efforts.

If you want to achieve something and gain something, you cannot be afraid of taking risks, because the bigger the storm, the more expensive the fish.

That is to say, even if one hundred powers are enough to accomplish something, you still need to store up two hundred powers to attack instead of just trying randomly.

Only when you have worked hard enough can you try your luck. If you don't work hard enough and only rely on strength and luck, the probability of success will be very small.

But the land in Central is located next to a subway station, which is too tempting for a British real estate company like Hutchison Whampoa that has been in operation for nearly a hundred years.

Liu Zhicheng and Lu Zhihe are holding a preparatory meeting for bidding in the office.

Liu Zhicheng flipped through the information Yuan Tianfan had collected for him during this period and analyzed the possible changes caused by the butterfly effect.

Liu Zhicheng actually saw a piece of news in which a reporter interviewed Li Chaoren.

The reporter interviewed Li Chaoren, asked him about the content of the bid and asked him about his prediction of the results.

Li Chaoren did not reveal or comment too much on this matter. He just said with confidence: "The bidding result is the best answer."

Li Chaoren's words were powerful, just like a king who had won before the battle. Liu Zhicheng remembered that this was said by Jardine Matheson in his previous life, right?

So if a reporter were to interview Newbigin, what would he say?
In his previous life, Superman Li defeated Swire Properties by dividing the case by 51:49, breaking the - split convention. So what killer move will Superman Li make in this life?

It's true that a butterfly flapping its wings in Brazil can cause a tornado in Texas.

"Then what should we do?" Lu Zhihe asked.

"MTR's bidding this time is not about raising placards, but each company writes its own conditions in an envelope and bids. Each company has only one chance and no changes are allowed."

Liu Zhicheng tapped the table with his fingers and continued, "This is our chance. We don't have to go head-to-head with a big company like Hong Kong Land, but we must come up with a plan that breaks the rules."

"I know that." Lu Zhihe said.

Liu Zhicheng continued, "Mr. Lu, can you estimate how much profit this project will make?

"Mr. Liu, after analysis by our company team, based on the current rate of real estate appreciation, the profit will be around 200 million Hong Kong dollars, but I'm not sure about the bid." Lu Zhihe thought for a moment and replied.

"Mr. Lu, this time we can break the previous practice of splitting the profits 50-50, and then develop and sell the property."

The reason why Superman Lee was able to defeat companies like Hutchison Whampoa in his previous life was because he was well prepared and knew that Hutchison Whampoa only liked to hold the properties itself and would not share them with others.

But Superman Li had an insight into people's hearts. He knew that the MTR Corporation was short of money and cash. His proposal to pay part of the cash in advance, breaking the conventional 50-50 split, naturally impressed the top management of the MTR Corporation.

Why is the subway company in urgent need of cash? Because although the land of Central Station is 2.4 square feet, the Hong Kong government asked the subway company for 2.4 million Hong Kong dollars, which means the unit price is 10000 Hong Kong dollars per square foot.

Although we don't know how much the final negotiation amount is, it should not be less than 2 million Hong Kong dollars. But it is also a sky-high price, and the subway company certainly cannot come up with so much cash.

The property above Central Station was turned into a 27-storey commercial building with a commercial centre and office space, which was sold for HK$6 million, while the Admiralty Centre above Admiralty Station was sold for HK$9.8 million. For Li Chaoren, this was the first time he defeated British Land directly, making him famous. At the same time, land prices continued to rise, and he still made a lot of money.

In fact, Liu Zhicheng doesn’t care much about the British capital hype in the media, because British capital is relatively conservative now and it is impossible to break the 50-50 profit sharing convention, but he should not be careless either.

Now the person Liu Zhicheng cares most about is Li Chaoren, because he is a ruthless man and has been hit by the butterfly effect. He doesn't want to be hit again and get blown away.

However, Liu Zhicheng naturally would not give him this opportunity now and quickly determined the specific plan of the bid.

"Seeing that you acquired the Federal and International Buildings, and developed Whampoa City and held it yourself, I thought you would also find a way to hold these properties?" Lu Zhihe said with a smile.

"We should hold when we should hold, and sell when we should sell. Now we are trying to find a way to expand Daya Real Estate."

Liu Zhicheng looked at Lu Zhihe and continued, "Office properties next to subway stations are naturally good long-term holdings, but if you hold them yourself, all your funds will be trapped, which is not cost-effective."

"The subway company will continue to expand over the next decade anyway, so there will be plenty of opportunities to own properties near subway stations."

In fact, Liu Zhicheng’s goal was to have Daya Real Estate focus on selling real estate development rather than self-owned properties.

At the end of March, under the supervision of Lu Zhihe, Liu Zhicheng sealed the bid, and Lu Zhihe went to the subway station to submit the bid.

Subsequently, the MTR Corporation will identify several plans that they think are good, and then communicate with the parties involved to discuss a more complete cooperation plan agreement.

After confirming that there are no problems, the next step is to wait for the bid opening on April 4 and the announcement of the results.

4 month 3 day.

Tang Xin, chairman of the board of directors of the MTR Corporation, announced that Hong Kong Daya Real Estate Company has obtained the development rights for the property above the MTR Central Station, and the two parties will sign a formal contract on April 4.

At the press conference that day, Tang Xin told reporters:
"This building will be sold to customers in layers, and the profits from the property development will be shared by the MRT Corporation and Daya Real Estate, with the MRT Corporation taking the lion's share of the net profits!"

"This bidding has received positive responses from a large number of real estate companies. More than 30 consortiums and companies from Hong Kong and abroad have bid for our company's property development projects."

"Finally, the board of directors of the company voted that the bid of Xiangjiang Daya Real Estate Company was the most attractive to the company, so the winning bidder was Xiangjiang Daya Real Estate Company."

"From the date of signing the agreement, Daya Real Estate will pay a cash payment of HK$5 million to the MTR Corporation as payment for the land purchase, and guarantee that the MTR Corporation will make a profit of at least HK$2 million."

“The development properties above the Central and Admiralty subway stations will set a model for the development properties above the stations in the second and third phases of our company’s projects.”

This recognition has undoubtedly enabled Daya Real Estate Company to gain a solid foothold in the real estate industry, and it can be said to be a stunning success.

The announcement of the bidding results caused an uproar.

The next day, media all over Hong Kong were reporting on it.

"Daya Company beats Landmark!"

The eye-catching title immediately became widely known in the media, making Daya Real Estate the brightest star.

The share price of Daya Mining also soared directly, because the general public believed that this was a good thing. They believed that Daya Company brought glory to the Chinese people and were willing to help it take off.

"In the subway bidding, Hong Kong Holdings lost the battle due to carelessness!"

This report brought disgrace to the once-mighty Jardine Matheson Holdings, and after reading the report, Newby threw a cup in the office of Jardine Matheson Holdings.

After analysis by the Hong Kong media, it was concluded that the reason Liu Zhicheng bid was to pay the land purchase price to the subway company in advance and to break the 50-50 profit-sharing convention.

Generally speaking, it is impossible for a real estate company to pay a subway company in cash in advance because it would incur huge interest losses.

According to the normal cooperation model, one party provides the land and the other party pays the construction fee, and the profit is finally settled when the house is sold, and it is split 50-50.

What shocked Li Chaoren the most was that the bid from Daya Real Estate Company was almost the same as his own, except for the different profit-sharing ratio.

In addition, media reporters also uncovered the shareholder structure behind Daya, which includes not only Daya Mining, but also individual shareholders Liu Zhicheng and Lu Zhihe, as well as Qingzhou Yingni.

The two of them once again impressed the citizens of the city, and everyone praised them for defeating Jardine Matheson.

Qingzhou Yingni's stocks were also sought after by citizens and rose slightly.

When the news reached Daya Real Estate Company, Liu Zhicheng and Lu Zhihe were raising their glasses to celebrate.

Celebrating this great victory, achieving an all-round victory, a victory that kills several birds with one stone.

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(End of this chapter)