Hong Kong: Starting with 10 billion

Chapter 92 The Great Devil Wanda is online (4K)
Although Takakura Miki is small and exquisite,

But it was his first actual combat and he was very resilient.

Its combat endurance is not inferior to Li Leshi at all.

This made Fang Hexuan feel particularly surprised and delighted.

After the round, Gao Cang only needed to lie on him and rest for a few minutes.
Then you can revive with full health and continue fighting.

Most women can't stand the pain of losing their virginity, but this Japanese girl can adapt quickly.

He is truly gifted.

Fang Hexuan was a little obsessed with this perfect winding path.
He thought that such a useful toy should allow him to play with it for a long time.

The next morning, the two of them fought again while taking a bath together, and then they stopped.

After having a sumptuous breakfast at the hotel, Fang Hexuan took Takakura Miki to Harbour City for shopping for the whole morning.

Since we are letting her come to Hong Kong to develop, we naturally have to arrange a way out for her.

After asking Jiuwenlong to arrange a car for Takakura Miki, complete with a driver and bodyguards.

Fang Hexuan also asked DreamWorks to sign a contract with Takakura Miki first, and then arrange some supporting female roles for her to get a feel for acting.

The employees of DreamWorks were also surprised that the boss had almost no scandals in the past two years. The most he had was a rumor that he was going to be the son-in-law of Macau.

But now, he personally stuffed a woman into the company to act, and even a fool would know what that meant.

However, the employees understand their boss very well. It would be abnormal for Mr. Fang, a handsome, young and wealthy man, not to play with women.

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In June last year, it acquired 6 million shares of Hutchison Whampoa, accounting for 5000% of its total share capital.

At that time, I didn't have much money and didn't want to take advantage of HSBC.
So before January 1 this year, he only acquired an additional 21% of Hutchison Whampoa shares.

He didn't know how many shares of Hutchison Whampoa Li Ka-shing had already controlled at that time, but from the end of January to now July,

Fang Hexuan spent a lot of money to increase his stake in Hutchison Whampoa from 13.76% to 31.25%.

A total of 7027 million shares were acquired, spending a total of HK$8.5 million, with an average purchase price of HK$12.1 per share.

The share purchase is still continuing, and Fang Hexuan hopes it can reach more than 40%.

However, subsequent acquisitions will become increasingly difficult because the remaining shares are basically in the hands of institutions or major individual shareholders of the company.

If he can reach the target share value, he will definitely become the largest shareholder of Hutchison Whampoa.

Even if Li Ka-shing is not very capable, after a year, he should have acquired at least 15% or more.

At that time, the two of them together held more than 55%, which could be considered as basically controlling Hutchison.

Fang Hexuan has studied the history of Hutchison Whampoa for more than a year.

One has to sigh that this is a giant enterprise, which had nearly 400 subsidiaries and affiliated companies at its peak.

Hutchison Whampoa was actually formed by the merger of two large listed group companies, Hutchison International and Whampoa Dockyard, in December 1977.

But its main body is still Hutchison International because the listed group is larger in scale.

In 1966, Hutchison International acquired three long-established import and export firms: Watsons, T&W Trading, and Tai Wo Trading.

Watsons, which is most familiar to mainland Chinese people, also began to diversify after being acquired by Hutchison International.
From the initial manufacturing, production and sales of soda, it gradually entered the fields of food, medicine, etc.

The company also owns ParknShop supermarket, which is as famous as Wellcome supermarket.

In 1970, Hutchison International established Hutchison Limited with Dehui Baoyang as the main body.

Mainly engaged in import and export trade, commerce, machinery, automobile sales and construction materials supply.

In 1971, Hutchison International established Hutchison Property, which specializes in developing idle land of many of its subsidiaries.

In 1973, Hutchison International also acquired Anderson Group, Daya Stone, Harbour Engineering, Wheelock Textiles and other companies.

By 1975, Hutchison International had grown into a giant listed group with more than 360 subsidiaries and associated companies.

However, it was this group company that was the ultimate bad teammate that led to Hutchison Whampoa being sold to Li Ka-shing by HSBC in the original history.

受到第一次石油危机的影响，香港股市恒生指数从1973年3月的1774点跌到了1974年12月的150点。

Inevitably, the share prices of many listed subsidiaries of Hutchison International also plummeted.

This dealt a severe blow to the group's plan to pump money from the Hong Kong stock market to maintain its overseas investments, and the group's financial situation began to deteriorate.

At this time, its business in Indonesia suffered bad debts of HK$1 million due to the impact of the oil crisis.

消息传回香港，和记国际这家上市集团公司的股价从1973年3月的44港币跌到了1974年12月底的1.18港币。

The market value of this giant listed group with 360 subsidiaries and joint ventures has fallen to HK$3.4 million, equivalent to 1973% of the stock market's heyday in 4.7.

Then, in 1974-1975, Hutchison International's financial report revealed a loss of HK$1.29 million.

At this time, the listed group had fallen into a serious financial crisis, and there were rumors that it might go bankrupt at any time.

In order to stabilize people's hearts and maintain the monopoly of British capital in Hong Kong, the British Hong Kong government

So they asked HSBC, the de facto "central bank", for help.

This is the historical background of HSBC's holding of 9000 million shares of Hutchison International.

As for Whampoa Dockyard, Hutchison International acquired a 1969% stake in it in 30 and it was considered a joint venture of Hutchison International.

Since then, Huangpu Dockyard has also been asked by its major shareholder Hutchison International to pursue diversified development.

In the same year, it built a container terminal in Hung Hom, Kowloon. Since Whampoa Dockyard also owned shares in Jun Yik Wharf, the largest container terminal company in Hong Kong at that time,

Therefore, Hutchison International indirectly acquired Junyi Warehouse through Whampoa Dockyard.

In this way, Whampoa Dockyard merged its container terminal business with Junyi Warehouse to jointly establish Hong Kong International Terminals Limited.

It also invested in the construction of Kwai Chung Container Terminal No. 4, and later acquired the Japanese-owned Kwai Chung Container Terminal No. 2, becoming the largest container terminal group in Hong Kong.

Whampoa Dockyard also merged its shipyard and ship repair businesses with Taikoo Dockyard to form United Dockyard Limited, and built a new dock on Tsing Yi Island.

After divesting its container terminal and shipyard businesses, Huangpu Dock was left with only a large amount of land assets.

Jun Yicang, which was acquired by Hutchison International, also owns a large amount of land.

Hutchison International held two major land kings, Whampoa Dockyard and Kwan Yik Warehouse, and naturally became the largest landlord in Hong Kong.

As a shrewd real estate businessman, Li Ka-shing saw this and decided to "swallow an elephant" by bringing Hutchison Whampoa under his control.

As for other non-real estate businesses, he has no idea about them and is just trying to catch rabbits while hunting by the haystacks.

If it weren't for Hutchison International's reckless overseas investments and its bloated business,

As a result, Hutchison Whampoa has almost no funds to develop the large amount of land it owns in Hong Kong, and its market value would not be just HK$3.4 million.

In September 1979, HSBC sold 9 million Hong Kong dollars to Li Ka-shing at 7.1 Hong Kong dollars.

The bank valued Hutchison Whampoa at only HK$28.53 billion.

In the eyes of those who care, these foreign managers of Hutchison Whampoa are all idiots, the typical example of begging with a golden bowl in hand.

Just the large amount of land in the two most core and prosperous areas of Kowloon Peninsula and Hong Kong Island,
If developed seriously, even at the end of 1974, it would have a potential value of tens of billions of Hong Kong dollars.

Fang Hexuan and Li Ka-shing will definitely be able to take over this giant listed group.

But after taking it, Fang Hexuan thought carefully for a long time about how to divide it.

Hutchison’s current businesses cover import and export trade, wholesale and retail, commerce, container shipping, shipyards, warehouses, transportation, real estate, mining, construction and investment.

In his opinion, most of these businesses belong to traditional industries and he is not very interested in them.

Therefore, he will probably ask for Watsons (including ParknShop supermarket), car sales business (not only in Hong Kong, but also overseas), Kwai Chung Container Terminal (to facilitate the import and export of its industries), some real estate and a large amount of land.

As for the rest, Li Ka-shing can give it to him if he wants it, but of course he has to pay the difference for the cucumbers.

There is no doubt that the real estate and land will be handed over to Wanda for operation and development.

Since Wanda sold the Golden Gate Tower in January this year, it seems to have suddenly returned to the status of a shell company.

However, the boss did not give employees too many opportunities to slack off.

In March, Fang Hexuan mobilized the entire company to implement a new acquisition plan - to acquire the listed company Datong.

This is a food and beverage company that mainly produces condiments, fruit juice soda, etc. It also has its own paper product manufacturing and packaging factory. When it was first established in Hong Kong in 1928, it purchased a large amount of land in Kowloon to build a factory.
Therefore, Taohua Datong is more of a real estate company with potential than a food and beverage company.

This is also the main reason why many consortiums want to acquire it.

Two years ago, Hang Lung Properties purchased approximately 2 square feet of land in the "Taoda Industrial Village" in Ngau Tau Kok from Taohua Tai Tung for HK$22.26 million, planning to build Taoda Gardens.

If Fang Hexuan does not take action, Hang Lung Properties will officially acquire 8% of its shares in August this year and become a subsidiary of Hang Lung.

On April 4, his good tool, Vice President Li Jianlong, announced that Wanda Real Estate acquired 6% of the shares of Taohua Datong for HK$9.5, completely controlling the listed company.

Of course, Hang Lung Properties was unwilling to give in. After learning of Wanda’s intention, it also made a bidding.

Li Jianlong directly stated that Wanda will definitely take over Taohua Datong, and some companies should not overestimate their capabilities.

The meaning of these words is actually conveyed on behalf of Fang Hexuan, and smart people will naturally understand it.

Hang Lung Properties has more industry experience and qualifications than Wanda, but the boss behind it is indeed far inferior to Mr. Fang, the richest man.

When Hang Lung first acquired Taoda Industrial Village in 78, it was thinking of further acquiring Taoda.
But no one expected that a Monkey King would pop out from somewhere and turn the real estate industry in Hong Kong upside down.

After Wanda acquired Taoda, it split it into two parts, establishing Taoda Food and Taoda Properties respectively.

There is no need to talk about Taoda Food, and Taoda Real Estate will develop the remaining land in Ngau Tau Kok, Kowloon into residential properties.

Wanda Real Estate has been quiet since it became famous for buying the Golden Gate Building from Jardine Matheson two years ago.

This makes some real estate observers confused about its ideas and routines.

The Golden Gate Building was sold in January 1980, and it once again came into people's attention.
But selling the only landmark asset in his hands feels like quitting the game no matter how you look at it.

Unexpectedly, three months later, Wanda made another big news - the acquisition of the listed company Taohua Datong.

But Wanda brings much more surprises to people than that.

With the rapid rise of the land market and the property market, there has even been an obvious phenomenon of speculation in real estate.

The Hong Kong government knows that it is a good time to sell the land it holds at a high price.

On July 7, the Hong Kong government held the first land auction conference of the year.

As the heat of the local market is expected to be far from reaching its peak, the Hong Kong government carefully planned this trial auction.

In other words, a piece of land with some weight will be put up for grabs, but it will not be land of the king-level.

Sure enough, the news announced was a small plot of land with an area of ​​34595 square feet on Harcourt Road in Central.

Later, the famous building in Central, the Far East Financial Center, was built on this land.

Opposite it is the PLA Hong Kong Garrison Building.

The real estate company also knows the Hong Kong government’s intentions, so of course it has to give face and participate in this auction.

Well-known real estate developers such as Cheung Kong Holdings, Henderson Land Development, Sun Hung Kai Properties, New World Development, Hang Lung Properties, Swire Properties, Hong Kong Land, and Sino Properties,
They all expressed their desire to participate in this event.

Wanda certainly would not miss this opportunity, although it is a small player in the Hong Kong real estate industry.

But with the support of a super-rich boss, he is determined to get this piece of land.

The auction venue was held in a huge banquet hall at the Mandarin Oriental Hotel in Central.

Several real estate developers have already arrived at the scene and are now gathering in groups of three or four to exchange industry experiences.

With less than 10 minutes left before the auction began, reporters were seizing the opportunity to take photos and conduct interviews.

Suddenly, there was a noisy sound of people shouting outside the hall, and then the doors of the banquet room were seen being opened from both sides.

The bosses of several companies just looked at a tall young man with a slicked-back hairdo and a well-tailored dark blue suit who slowly walked in.

He smiled and nodded to the crowd who greeted him, showing the aura of a big boss.

There were a dozen company subordinates and bodyguards following him, and behind him were the reporters who had just been waiting outside, who also followed the crowd and squeezed in.

While squeezing, they also shouted that they hoped the richest man would accept an interview.

That’s right, this person who likes to show off is Fang Hexuan, the youngest richest man in Hong Kong.

It was Wanda’s first time to attend an auction, so of course he couldn’t be absent.

When the reporters in the hall saw the newcomer, they excitedly dropped the people they were interviewing and swarmed towards Fang Hexuan.

Sun Hung Kai's Guo Desheng asked Li Zhaoji next to him:

"Aji, this is Fang Hexuan?"

"Brother Sheng, looking at this high-spirited young man, I really feel old."

"Pujie, I'm 17 years older than you, so wouldn't my whole body be in the dust?"

"Haha, Brother Ji, are you unwilling to accept your age?"

"Everyone has his own destiny. Just don't interfere with my business."

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After dealing with the reporters, Fang Hexuan walked up with a smile and shook hands and greeted several well-known bosses.

After meeting Li Ka-shing, he asked:

"Mr. Li, how many shares of Hutchison have you acquired?"

"I'm not as wealthy as you, but I haven't given up."

"Haha, to tell you the truth, Mr. Li, I already own more than 9% of the shares, and it cost me more than million Hong Kong dollars."

"As long as we join forces, Hutchison will immediately become a Chinese company."

"I've even figured out how to divide Hutchison Whampoa. Mr. Li, you better hurry up."

".Just wait and see!"

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The land for this auction is really too small, so big companies like Jardine Matheson and Swire are not particularly interested.

As for the future five real estate giants and Xinhe, their bosses' financial resources are not as good as Wanda.

Therefore, although there is competition in the auction, the outcome is already determined.

Originally in history, the fight between the Five Swordsmen and Xinhe was also extremely fierce.
But in the end, Xinhe Real Estate made up its mind and took out 9.08 million Hong Kong dollars to buy this piece of land with an area of ​​only 34595 square meters.

The average price is HK$26247, or HK$288745 per square meter, which is truly a sky-high price.

But Wanda Real Estate offered HK$9.6 million, and Xinhe Real Estate could not hold on and had to withdraw from the competition.

Fang Hexuan knew that the price of this land was too high.

The reason why I had to bid for it was that I couldn’t return empty-handed from Wanda’s first auction;

Second, the location of this piece of land is excellent. In the future, it will be difficult to buy such a good location except for the land king.
Third, to support the Hong Kong government and make it easier for Wanda to participate in more auctions in the future.

Besides, Fang Hexuan would not pay all the money by himself.

Since becoming a shareholder of HSBC some time ago and being invited to join the board of directors,

Fang Hexuan's industries have established close ties with HSBC.

Wanda has reached a cooperation agreement with HSBC.

In the future, Wanda will obtain loans from HSBC when participating in land auctions, building commercial buildings and commercial residences.

It is mutually beneficial for both parties, and Fang Hexuan and Shen Bi are both happy to see it happen.

From the perspective of real estate developers, it may take 5-10 years from the time the land is acquired to the completion of the building.

Even Fang Hexuan couldn't afford such a long investment return cycle.

Banks are different. They can accept such a loan cycle, but the interest rate will be a little higher.

But the wool comes from the sheep, and the extra interest will ultimately be borne by the home buyers.

Real estate developers will never suffer losses.

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(End of this chapter)