Hong Kong Island's New Rich Era

Chapter 63 Hong Kong Debtor
Li Baoguo has not yet taken office as the president of Bank of East Asia, he is only the manager of the bank's credit department.

"Mr. Liu, welcome. Your arrival brings honor to Bank of East Asia." Li Baoguo said with a smile.

Liu Zhicheng needed help today, but he didn't dare to act big. He smiled and said, "Mr. Li, please call Ah Cheng, otherwise I can't afford it."

"Okay, call me Ah Cheng, and call me Brother Bao from now on."

Li Baoguo patted Liu Zhicheng on the shoulder and continued, "My father told me that our family and yours are actually friends. We should interact more often in the future and not act like strangers."

There is no doubt about this. Liu Zhicheng's grandfather owns a bank, and they are all Chinese banks, so there must be a connection.

But today, Li Baoguo's enthusiasm was mostly for the purpose of making friends with Liu Zhicheng, a young brand of Hualien, so as to facilitate more cooperation in the future.

Liu Zhicheng was just visiting today, so he was quite direct and said, "Brother Bao, I'm here for no reason. I'm here to seek a loan from the Huangpu Group."

"Ah Cheng, take a seat first."

After Li Baoguo finished speaking, he motioned for Liu Zhicheng to sit down. The bank clerk brought him some tea. He took a sip and continued, "Whampoa Group acquired two buildings in Central. Is Ah Cheng optimistic about the recovery of the real estate industry?"

As the head of the bank's credit department, I have certainly noticed some signs. I asked this question today mainly to gain an understanding so that I can conduct business in the future.

"Brother Bao, real estate has a certain cyclicality, and I am optimistic about the recovery of real estate."

It is impossible for Liu Zhicheng to tell everyone the entire contents of "The Prophet". If the butterfly effect is triggered, how can he make money?

"I see." Li Baoguo was also an understanding person, so he didn't want to ask in depth, "How much loan is Ah Cheng going to take out today so I can prepare the amount?"

Seeing this, Liu Zhicheng smiled and said, "I am also planning to visit Wing Lung Bank and Chong Hing Bank to make a joint loan of 100 million Hong Kong dollars. I wonder how much Brother Bao can help me with?"

When Li Baoguo heard Liu Zhicheng's proposal for a joint loan, he thought for a moment and said, "Ah Cheng, Bank of East Asia can provide a loan of 5000 million Hong Kong dollars."

Just as Liu Zhicheng was about to say yes, he heard the door open. A middle-aged man pushed the door open and said, "What do you mean 50 million?"

The middle-aged man glanced at Liu Zhicheng and continued, "So there are guests here, Guozi."

Liu Zhicheng also looked at the middle-aged man. He looked a little familiar, but he couldn't remember who he was. Since he was able to break into Li Baoguo's office directly, it was certain that this person was no ordinary person.

"Uncle Wei, Huangpu Acheng is here to apply for a loan." Then, Li Baoguo introduced Liu Zhicheng: "Acheng, this is the director of our bank, Liguo Wei Lisheng."

"Hello, Mr. Li. I'm Liu Zhicheng from Huangpu. You can just call me Ah Cheng." Liu Zhicheng didn't dare to show off in front of Li Guowei. He was the political and business agent of the Li family in Hong Kong, known as Sir Li.

"Acheng, don't be so polite. Since you are here to do business, you are a guest of East Asia. Please continue." Li Guowei shook hands with Liu Zhi.

Then he turned to Li Bao and said, "Come see me when you're done." After saying that, he turned around and left.

Seeing this, Liu Zhicheng felt that it was time to say goodbye. Without too much politeness, he chatted for a few more words and then said goodbye.

After leaving Bank of East Asia, Liu Zhicheng visited Wing Lung Bank and Chong Hing Bank successively.

Within a few days, a joint loan of 100 million Hong Kong dollars was transferred to the Huangpu Group's account, solving the Huangpu Group's financial problems.

Since December, Liu Zhicheng has had to attend many meetings in person, mainly because he has many subsidiaries and needs to attend the year-end meetings of each company one by one. ……………

12 month 15 number.

Liu Zhicheng held the Huangpu Group’s annual meeting in Huangpu Building.

The theme of today's meeting is: Summarize the past and look forward to the future. As the name suggests, it is to summarize the achievements of this year and make plans for next year's development.

After the meeting started, Liu Zhicheng first reviewed the properties that Huangpu Group had recently sold. Before Liu Zhicheng took control of Huangpu Group, there were still many properties under construction.

Hao Qingwen introduced: "After taking control of Huangpu Group this year, after inventory, Huangpu has several projects under construction. The first one is a residential building near Kwai Chung Hospital, which has already been launched. The entire project has only two buildings, A and B, and there are less than 2866 units left. After they are sold out, the funds returned are million Hong Kong dollars."

During the same period, Whampoa Group also developed a villa project located in the Cheng Ranch Resort on Lantau Island, building a total of 20 luxury villas. However, due to its geographical location, none of them were sold.

Hao Qingwen continued, "Mr. Liu, my plan is this. Since the villas cannot be sold, why not transform them into resort hotels and keep them in our hands? Although it is difficult to make a profit now, it will not be too late to decide whether to sell them after the real estate market soars."

Liu Zhicheng was somewhat tempted by Hao Qingwen's proposal. After all, once the new airport plan came out in the 1980s, wouldn't the land and housing prices in Lantau Island increase several times?
Moreover, now that it has been converted into a hotel, there is no waste caused by idleness.

"Well, let's do it this way. The plan is feasible. Let's do it well and make it a business card of Huangpu Hotel." Liu Zhicheng said.

Apart from these two projects that have been sold for a long time, Huangpu Group's huge profits all come from the recently sold properties.

"Last month, the first nine villas in Shouson Hill were launched. All of them are two-storey townhouses with an average price of HK$203 million, and the funds raised were HK$1827 million."

Deep Water Bay is an old luxury residential area, and Shouson Hill Road is also very famous. The housing prices have always been among the highest in Hong Kong. Liu Zhicheng originally wanted to just rent and not sell, and wait for the value to appreciate.

However, the property had already been sold in the early stage and had to be put on the market. Liu Zhicheng could only shake his head and sigh: the good ones were put on sale, and the inferior ones were kept in his hands.

The future appreciation potential here is extremely strong, and it can easily increase by more than ten times, which is definitely much better than Lantau Island.

"In addition, Phoenix Court was launched on the 320th this month, with a total of 48.7 residential units built, with an average price of HK$1.59 per unit, and a return of HK$ million."

"The villa at No. 155 Braemar Hill Road, North Point, was launched, with an average price of HK$1860 million and a return of HK$ million."

Liu Zhicheng did not have much opinion on the sale of these two properties. For a company to develop, it must have funds to recover and develop the next property.

Whampoa Group has sold all its properties and raised a total of HK$2.06 million. The proceeds from pre-sale sales were not large, accounting for less than one-tenth of the total, but did not include the bank loan taken out during construction.

When Huangpu Group built these properties, most of the project funds were funded by bank loans. Now these debts must be borne by Liu Zhicheng.

This year, it acquired two Central buildings, Universal and Lijing, and added another HK$5 million to its debt. Its total debt is currently around HK$5 million. However, Whampoa’s market value is only HK$2.2 million, and its cash flow is about HK$ million.

The market value of Huangpu Group is almost enough to cover its debts, but it is just market value after all. If there is another financial crisis, it will definitely be insolvent.

　Please read it! Please read it! Please read it!

　　
　
(End of this chapter)