The birth of the Hong Kong Island family
Chapter 470 [Life of a wealthy family]
"What? Do you still need our Land to guarantee this transaction?" Bao Fuda suddenly couldn't help but feel nervous.
Chen Qingsong immediately said: "Bao Fuda Taipan, what's wrong with the land guarantee? We are partners to begin with, and this reconstruction project has great prospects. It can be said to be just a routine request. Moreover, our Jianing Group is strong, and the land guarantee is not enough." It is just the request of Cheung Kong Group, and there is actually no risk."
For him, when Changshi Group made this request, Chen Qingsong didn't hesitate at all. He has only one idea, which is to invest in big projects and cooperate with big companies to maximize the influence of Jianing Group.
Because only influence can be converted into money, Jardine Land is cooperating with him now, and HSBC will also cooperate with him in the next step.
It only takes him three years to surpass the established Chinese capital in Hong Kong, shine in the Chinese business world, and become a more legendary existence than Lin Zhichao.
Bao Fuda also started to think about it. After thinking about it, he felt that he was worrying too much. Although the land price of this project is expensive, it does have great prospects. With the growing economy of Hong Kong, the increase of tourists coming to Hong Kong, and the rentable area increasing by 50%, he is confident that after the completion of this project, the annual profit will increase to more than 200 million.
Calculated in this way, the return rate is still more than 15% (including the appreciation of the property). More importantly, this means that Land has more development than Cheung Kong Group.
"Okay, as a partner, I am fully optimistic about the future of this project." In the end, Bao Fuda nodded in agreement without thinking too much.
In fact, Lin Zhichao took away the Victoria Harbor Center (Yihe Building) and Star Plaza this time, and its strength was reduced a bit. For example, the current annual rental profit of Victoria Harbor Center is as high as HK$160 million (the rent is HK$240 million). This property alone occupies two Central buildings, because the floor space of Victoria Harbor Center is nearly 700,000 square feet.
In its previous life, Land had a maximum market capitalization of 20 billion this year, but now it is difficult to even break through 16 billion.
Today, the market value of Changshi Group has exceeded 20 billion, and may reach a maximum of more than 24 billion this year.
Chen Qingsong said happily: "In this case, we are going to formally negotiate the details with Changshi Group. Changshi Group has two demands. The first is an initial capital of no less than 900 million, and the second is to obtain land. Guarantee. And we also have demands, that is, they need half a year to withdraw, followed by installment payments after one and a half years. In this way, we can apply for a loan from HSBC Bank for the construction of this project."
Bao Fuda readily agreed with this point of view and said: "Whether it is subsequent construction fees or subsequent installment repayments, we must adopt the loan model. The current best interest rate is 14%. I believe that with the influence of Land and Jianing Group, HSBC It will be given.”
Chen Qingsong said quickly: "Then please ask Mr. Bao Fuda to introduce HSBC to us."
At this time, Jiani Group has been relying on a Malay financial company (Hong Kong) and several banks guaranteed by Zhong Zhengwen, but has not yet reached cooperation with HSBC.
Chen Qingsong thought in his mind that if Land took the lead, HSBC would also notice the great achievements of Jia Ning Group and would definitely become a lending bank.
"No problem! The Jianing Group has excellent strength, and I believe that HSBC is willing to be sociable."
"Ha ha"
The two future 'debt kings' laughed proudly at this moment. In their hearts at this time, there was no concept of failure, all they saw was making a lot of money.
Take Miramar's old wing as an example. The land fee plus construction fee will reach approximately 4 billion. Even if the annual profit is 200 million, it will take 20 years to pay back the capital.
But Chen Qingsong and Bao Fuda don't think so. Their idea is that real estate will appreciate in value. Assuming that the real estate appreciates twice as much, the profit will become 400 million, and more importantly, the property value will become 8 billion.
Let me ask, is this still risky?
Just like the Cheung Kong Group acquired the Victoria Harbor Center in 1970 with a land fee of 300 million and a construction fee of 200 million. At that time, the rent of office buildings in Central was only 2.5 yuan per square foot. Based on the 700,000 square feet of Victoria Harbor Center, the monthly rent was 2 million (shopping malls are expensive) and the annual rent was 24 million.
Calculated this way, the annual profit is less than 20 million, and it will take 25 years to recover the capital.
But now, the rent has increased 12 times, and Changshi Group can fully recover its capital in just three years of rent. Not to mention, the value of the property itself is already as high as 3 billion Hong Kong dollars.
In the conference room of Cheung Kong Group, representatives from Cheung Kong Group, Carinth Group and Land attended the signing ceremony. This 2.8 billion real estate transaction has become the largest single real estate transaction in Hong Kong.
And this land is located in Tsim Sha Tsui, and the land price is over 30,000 per square foot. Lin Zhichao couldn't help but give Chen Qingsong and Bao Fuda the title of "fool".
Of course, if it were Lin Zhichao, if funds allowed (but not high debt), he might be tempted. After all, after the completion of this project, in 1994, the value should be close to 10 billion, which is equivalent to an appreciation of 2.5 times.
"Cooperation is faster"
“A pleasure to work with”
The three masterminds were very satisfied, with bright smiles on their faces.
Bao Fuda joked: "I heard that Sir Lin acquired this land for only a few million Hong Kong dollars, and the reconstruction cost was less than 40 million Hong Kong dollars. After all, Sir Lin made nearly a hundred times the profit!"
Lin Zhichao smiled and said: "According to statistics, from 1959 to 1981, the increase in official land auctions for residential and commercial properties was seventy or eighty times. Calculated this way, I don't seem to be very profitable. Just buy a painting You can make so much money from land without doing anything!”
"Ha ha"
Everyone laughed!
In 1959, real estate was undervalued (oversupply), and in 1981, real estate was at its peak, so the increase multiples between them are the most shocking. If we calculate again at the end of next year, the increase will only be thirty or forty times.
During the chat, Bao Fuda did not forget to test Lin Zhichao: "Sir Lin has sold many assets recently. Is he planning to invest in overseas projects?"
Lin Zhichao has "successful cases" of investing in real estate in Manhattan and Singapore, so Bao Fuda thinks so.
"We have no plans to invest overseas for the time being. After all, we have not yet invested in the Yangtze River Plaza in Admiralty!"
Bao Fuda said in his heart: "Sure enough!"
Cheung Kong Group also owns a 300,000-square-foot land in Admiralty, which is said to be capable of building 5 million square feet of commercial floor space.
Thinking of this, Bao Fuda sincerely admired Lin Zhichao. He took over 2 million square feet of land in the Navy Dockyard for just over 100 million. In the end, he became a good person and donated some land to the Hong Kong government, thus gaining the benefit of the land area ratio.
Although the Cheung Kong Group has only developed half of the land and donated the other land to the Hong Kong government, it is true that the Hong Kong government readily facilitated this project.
If this were not the case, the Hong Kong government would still embarrass Lin Zhichao's Cheung Kong Group, which would be equivalent to a big loss for the Hong Kong government.
In the evening of that day, the three parties held a press conference to announce the details of the transaction.
The next day.
After the media reported the "Miramar Hotel Old Wing Transaction Case", it caused a great shock in Hong Kong and even caused a huge sensation in the world.
The land on Nathan Road in Tsim Sha Tsui has the highest land unit price and the highest single transaction amount in Hong Kong, which has also driven the stock and local markets for a while.
Even the American "Times" commented: "Set a Guinness record (Guinness) for the highest record of a single property transfer!"
Cheung Kong Group.
Zhou Fuzhao came to Lin Zhichao's office: "Boss, the Hang Seng Index has reached 1,600 points!"
Lin Zhichao raised his head and said decisively: "Sell the stocks we hold in batches within a month."
Zhou Fuzhao nodded and said: "Currently our stock market value in the stock market is about 860 million. If we cash out, we can get at least 550 million in profit. And now the daily transaction volume is 400 to 600 million Hong Kong dollars, so we will cash out in batches." Get higher profits.”
In 1972, the Hang Seng Index was running between 500 and 900 points, and the transaction volume that year was 30 billion; but this year, it is running between 1,000 and 1,800 points (estimated), and the annual trading volume will be as high as more than 100 billion.
Therefore, the same Hang Seng Index represents different market capitalizations. Today’s blue-chip stocks in the Hang Seng Index are three times higher than the total market capitalization of blue-chip stocks back then.
"Well, we have cashed out a lot of money recently, but there are also many places to use the money. The Yangtze River Plaza and the Land King in Central are both big investments. Therefore, once the news about the Land King in Central is released, we will issue a rights issue to raise funds. big."
"Okay, with the reputation of Cheung Kong Group, it will be easier to raise funds."
Zhou Fuzhao couldn't help but admire his boss's financial arrangements. After all, the old wing of the Miramar Hotel was not Central. The funds after the sale gave the Cheung Kong Group the ability to launch two major projects, the Yangtze River Plaza and the Land King in Central.
Recently, the core executives of Cheung Kong Group have analyzed that if the Central Bus Terminal is auctioned, the value will be at least HK$6 billion. After all, this land reaches 144,000 square feet, and the highest land in Tsim Sha Tsui now costs over 30,000 square feet, and the price in Central is not more than 40,000 per square foot.
In addition to the construction cost of 2.5 to 3 billion, the total investment is 9 billion Hong Kong dollars.
Similarly, the construction cost of Yangtze River Plaza will also reach 2 billion to 2.5 billion.
Therefore, it is very reasonable for the boss to make a series of financial arrangements, which is also in line with Changshi Group's style of not having a high debt ratio.
After Zhou Fuzhao left.
Lin Zhichao was sitting in the office, thinking about the problem leisurely.
In addition to Cheung Kong Group owning 860 million shares in the Hong Kong stock market, his personal company, Victoria Harbor Investment, owns more than 6 billion shares in the Hong Kong stock market, accounting for 1.3% of Hong Kong's total market value. It’s time to sell off the Hong Kong stocks invested by Victoria Harbor. The sales should be completed within four months.
This time, Lin Zhichao will 'rob' the leeks again!
Of course, cashing out in the stock market does not need to be counted. However, raising funds through rights issue at a high point is considered as robbing leeks.
But there is no way. Cheung Kong Group needs to maintain sufficient cash flow to seize opportunities and develop overseas.
Lin Zhichao plans not to participate in this stock rights issue. He currently holds 69% of the shares; even if it is diluted, it will not be less than 60%, which is no problem at all.
Blue sea and blue sky, cloudless.
Lin Zhichao took his newly minted three beauties and two illegitimate children to a super yacht for vacation. The children were left to the servants, while Lin Zhichao, Zhao Yazhi, Lin Qingxia, and Guan Jiahui were lying under the umbrellas, enjoying life.
The three beauties are all wearing beautiful dresses, which are very eye-catching. After all, they are young.
"Sister Qingxia, I heard that you are going to film?" Guan Jiahui asked curiously.
Lin Qingxia happily glanced at the man next to her. Chi Guoguo's upper body exuded masculinity and beastly explosiveness. Then she said: "I didn't want to come back, but Brother Chao said he wanted to see me play 'The Invincibles of the East' to release myself." His hidden charm, I will satisfy him!”
Guan Jiahui immediately said: "Looking at you, it seems that I like it very much too!"
Lin Qingxia was exposed, she looked at Guan Jiahui with a "vicious" look, and then said: "It's not a scene he appointed, how dare I film it? It's not like you don't know how controlling this man is."
Guan Jiahui nodded quickly, then thought something was wrong, and immediately said: "In fact, it is very good to have him manage your life!"
Lin Qingxia suddenly said speechlessly: "Flattery!"
Guan Jiahui said unconvinced: "Aren't you the same!"
Zhao Yazhi on the other side looked at all this with a smile, not looking at his man with gentle eyes.
Afterwards, everyone curiously asked Lin Zhichao about the specific situation of this drama.
Lin Zhichao laughed and said: "It's just taking three or four pages of Jin Yong's novel and shooting it into a movie. The wonderful action scenes, the distinctive and unique characters, the tight rhythm, coupled with the understanding of Jianghu, chivalry and tenderness, of course, Recently, I am filming "The Swordsman" first, and then I will be shooting "The Swordsman: The Unbeaten East"."
In order for Lin Qingxia to play the role of Dongfang Invincible, Lin Zhichao personally stepped down and asked Zou Wenhuai to find Tsui Hark from New Art City. Of course, Tsui Hark is not selling himself out to Xin Yicheng. As for the starring role, Xu Guanjie is undoubtedly the one who takes the lead. He is still young at this time and will not be called an old man.
The first part will be filmed first to determine the style of the new martial arts. Lin Zhichao will also personally give some guidance. After all, he is the boss of a film company and knows what to do.
"Brother Chao is partial, and he actually put down his body for Sister Qingxia!" Guan Jiahui said jealously.
Lin Zhichao smiled and said: "I'm just satisfying my own desires. I'm not partial to anything. Besides, I've worked hard to get you, haven't I?"
Lin Qingxia and Zhao Yazhi laughed. Guan Jiahui was acquired by Lin Zhichao very early and has become an object of ridicule for everyone.
Guan Jiahui said proudly: "It shows that I am naturally beautiful, and Brother Chao has a sharp eye!"
This woman's proud little expression only adds to her charm.
Afterwards, Guan Jiahui showed her true colors and said: "Brother Chao, we have recently cashed out our properties and are preparing to sell out our stocks. What should we invest with the money we got?"
At this time, 'Financial Management Expert' Zhao Yazhi said: "Brother Chao arranged this because it is risky. Of course we cannot invest and we have to be safe."
She has 10 years of investment experience, and Lin Qingxia and Guan Jiahui usually ask her some questions.
Lin Zhichao said: "Ya Zhi is right! However, this time I ask you to invest in a new project, which is foreign exchange speculation. Convert the Hong Kong dollars in your hands to US dollars and wait for the US dollar to appreciate!"
In the early 1980s, due to the depreciation of the US dollar, the exchange rate for the Hong Kong dollar was only 5.1. Even now, it is only 5.5. If you exchange it for U.S. dollars at this time, you will get 70% of the profit in just two years.
Most importantly, devaluation can be avoided.
Zhao Yazhi asked: "How to operate this? Should I just redeem it directly?"
Lin Zhichao smiled and said: "I will ask investment experts to guide you later! Don't rush."
The three girls happily agreed!
At this time, Zhao Yazhi and Lin Qingxia were worth 130 to 150 million Hong Kong dollars; while Guan Jiahui was worth less than 50 million Hong Kong dollars.
This is a group of rich women!
Of course, after this round of bargain hunting, they will be even richer. In addition to bargain hunting for Hong Kong real estate and stocks, Lin Zhichao plans to have his three daughters go to the United States to also invest in stocks.
In short, these three women also need to support a 'family branch', and each branch will be worth hundreds of billions in the future.
"Husband, I want to have another baby!"
Zhao Yazhi suddenly and boldly came to lie down next to Lin Zhichao, using a woman's temptation, wrapping her legs and attacking with bubbles.
Lin Zhichao hugged her, but his mind was spinning.
It is indeed not safe to give birth to a child. After all, it can be worth hundreds of billions in the future. If the son only has daughters, wouldn’t it mean that the fourth generation will not have the surname Lin?
"Then you have to educate me well and don't say bad things about me!"
"How is that possible? You are so kind to us!"
"OK, that means giving birth to at least two!"
He separated these three women from the main family, so there was no psychological pressure.
Randomly, Lin Qingxia also stepped forward and said, "I want it in the future too!"
"No problem! No problem, give birth to two, at least one son. In the future, I will set up a family fund for you three women and their children to ensure that you can enjoy a wealthy life for generations to come."
All the girls were happy!
They are also unveiling the life of a wealthy family step by step, and will soon become a real wealthy family. (End of chapter)
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