Chapter 407: 【Inventory Three】
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Chapter 407【Inventory Three】
Changjiang Building, the top floor meeting room, the executives of the Yangtze River system gathered together.
The Yangtze River is very large, with more than 50 small companies, such as concrete companies (cement), earth and stone companies, gardening companies, materials and equipment companies, sales companies, property companies, etc.;
Of course, the heads of these small companies are naturally not considered executives!
There are no more than ten real executives, all of whom are in charge of more important positions or large companies.
"Let's start, the repair soldiers will come first!"
Hearing Wu Guangyao’s words, the soldier Xiu Yan said with confidence:
"Currently, Cheung Kong Holdings owns 4 million square feet of properties, including 2.51 million square feet of the Yangtze River Center commercial complex, 1 million square feet of two Central Buildings, and 500,000 square feet of three industrial buildings. The annual rent of these properties can reach More than 40 million Hong Kong dollars."
“Currently invested projects include: Singapore’s Changhe Central Commercial Complex, and four high-rise 45-storey commercial buildings in Central.”
"In terms of capital: the Changhe Center commercial complex is expected to invest 250 million Hong Kong dollars (excluding the hotel part), and the four central commercial buildings are expected to invest 250 million Hong Kong dollars. In addition, 50 million Hong Kong dollars have been spent on the land of Cheung Kong Real Estate. A total of 550 million development funds are needed."
"In the past two years, our rental profit was 60 million Hong Kong dollars. Originally we had 220 million Hong Kong dollars, and we had 280 million Hong Kong dollars in total."
"Everbright Bank has promised a loan of 100 million Hong Kong dollars, and Singapore has promised a loan of 50 million Hong Kong dollars."
"The remaining funding gap can be spent from the rent of the past few years."
"So, the company's financial situation is good!"
Wu Guangyao nodded, and Xiu Yanbing simply analyzed the financial situation, which was very pertinent.
What is the concept of a 4 million square foot property, which cannot be described in detail, because these properties are expensive office buildings and shopping malls, and industrial buildings only account for 12.5%;
Previous Li Ka-shing’s Cheung Kong Holdings owned 5 million square feet of property in 1975, but a large part of it was industrial buildings, or commercial buildings with low rents, and the rent was only HK$50 million.
Therefore, the strength of Cheung Kong Holdings at this time should be the strength of the previous generation Li Chaoren in the late 1970s, and maybe even the strength of the early 1980s.
Once Singapore’s Changhe Commercial Center and the four commercial buildings in Central are completed, the strength of Cheung Kong Holdings will double.
Judging from the data situation mentioned by Xiu Yanbing, Cheung Kong Holdings may not have much funds available in future bargaining operations;
After all, I invested in two super projects at one time. The steps are a bit big, and it's a mess.
Because of Wu Guangyao, the richest man in the world, the management of Cheung Kong Holdings will never worry about the problem of breaking the capital chain, but Wu Guangyao can't lend you money for bargaining!
Changjiang Industrial is not owned by Wu Guangyao alone. Only Cheung Kong Real Estate is Wu Guangyao's unique real estate company.
Therefore, the bargain-hunting has to go through Cheung Kong Real Estate. Wu Guangyao intends to prepare 500 million Hong Kong dollars for bargain-hunting real estate!
Wu Guangyao is not worried at all, what reaction will the 500 million Hong Kong dollar enter the real estate market;
It is impossible. In that terrible environment, too many wealthy people on Hong Kong Island want to take cash and go abroad to become second-class citizens.
According to one piece of information Wu Guangyao knows, that is, house prices will fall from 30 Hong Kong dollars to 40 Hong Kong dollars per square foot, a drop of about 70%;
The current housing price situation is: the island side is around 55 Hong Kong dollars, and the Kowloon side is around 53 Hong Kong dollars.
If someone buys a suite at any time, they only need to spend 20 Hong Kong dollars per square foot;
But by 1980, the house price had risen from 1300 Hong Kong dollars to 1500 Hong Kong dollars, an increase of about 70 times.
Wu Guangyao said: "How is the development of the Changhe Commercial Center in Singapore? Have you encountered any difficulties?"
Shi Jun quickly said: "It is progressing smoothly, and the foundation work is progressing steadily, and there are no difficulties! However, Singapore officials are eager to achieve results and have been urging us to hurry up on the construction schedule. They have also cleared all obstacles for us. They are very enthusiastic."
Wu Guangyao said seriously: "Don't pay attention to them, their enthusiasm should be, but we have to work slowly and carefully! Five years to complete is five years to complete. This is also a development strategy. If it is completed too early, his business environment in Singapore cannot keep up. what to do?"
The five-year construction period of the commercial center complex, the hotel construction period is divided into four phases, each of the first three phases has a high-rise hotel, and the latter phase is a villa group hotel.
These are all the schedules set by Wu Guangyao after analyzing the rise of Singapore. How could it be changed for the sake of Singapore's officials?
Shi Jun said: "Well, I have repeatedly emphasized to them that our expectation to open in the second half of 1970 is the result of overall consideration; it is absolutely impossible to rush to work for other reasons and cause unnecessary losses."
Then Li Xing and Chen Cheng gave reports one after another, and everyone in the conference room was very angry.
Especially the Hong Kong Island Construction Company, has an annual profit of 13 million Hong Kong dollars, and its market value has reached 250 million Hong Kong dollars, which makes everyone feel uncomfortable;
Chen Cheng explained: "This is due to the accumulated engineering experience and popularity of the Hong Kong Island First Building for many years. Although our cost and profit for the Yangtze River System is generally controlled at about 8%; but we have undertaken a lot of projects from other companies over the years. There are several winning bids for projects outside Hong Kong Island each year, and the profits of these projects can reach 12% to 15%. I believe that the first construction of Hong Kong Island has just begun."
Wu Guangyao listened, applauded for Chen Cheng’s report, and then everyone gave their own applause.
The future built on Hong Kong Island may become the kind of existence of the previous three-star building!
And Wu Guangyao’s Cheung Kong real estate situation naturally does not need to be reported, because it is the private property of the Wu family.
Changshi real estate situation is as follows:
One and five old-fashioned commercial buildings located in the business district of the Central District, five new commercial buildings can be demolished in the future.
2. Universal Building, a 46-story landmark commercial building in the Central District, the tallest building in Asia, world-renowned and priceless.
3. Yangtze River Building, a 28-story top-notch building on Hong Kong Island, located on the bustling Queen’s Road.
Changshi Real Estate’s 200,000 square meters of commercial land has been sold to Cheung Kong, and more than 50 million Hong Kong dollars have been cashed out and entered Wu Guangyao’s personal purse.
Baiyou Group
Mark’s group status has risen, and it has been second only to Fu Hongru, the group president, and has also served as a group vice president. The retail industry of the Gain Baiyou Group has begun to exert its strength.
With confidence and a smile on his face, Mark reported to everyone: "At present, the number of convenience stores in the metropolitan area has reached 120, and Lane Crawford has also opened stores in Tokyo, Osaka, and Nagoya."
Wu Guangyao was very satisfied with the progress, and said: "How is the business situation? Let me tell you more about it."
Mark seriously said: “Dongying people like the convenience store retail model very much, especially the young people of Dongying are our main source of customers and I also found that the management of Dongying is very good at paying attention to details."
Mark has said a lot, and it can be seen that this time he entered the retail industry in Dongying, he not only gained a lot, but also learned a lot.
After Mark’s report, the heads of companies such as Uniqlo Factory, Uniqlo Chain Clothing Brand, Armani, and Valentino.
Uniqlo factory, taking advantage of the development period of Hong Kong Island's garment industry, has also grown to a certain extent;
The development of the three clothing brands is also remarkable, but it is not yet in the outbreak period and is very regional;
Wu Guangyao's requirement for these clothing brands is to develop steadily and wait for the opportunity to erupt.
(End of this chapter)
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Chapter 407【Inventory Three】
Changjiang Building, the top floor meeting room, the executives of the Yangtze River system gathered together.
The Yangtze River is very large, with more than 50 small companies, such as concrete companies (cement), earth and stone companies, gardening companies, materials and equipment companies, sales companies, property companies, etc.;
Of course, the heads of these small companies are naturally not considered executives!
There are no more than ten real executives, all of whom are in charge of more important positions or large companies.
"Let's start, the repair soldiers will come first!"
Hearing Wu Guangyao’s words, the soldier Xiu Yan said with confidence:
"Currently, Cheung Kong Holdings owns 4 million square feet of properties, including 2.51 million square feet of the Yangtze River Center commercial complex, 1 million square feet of two Central Buildings, and 500,000 square feet of three industrial buildings. The annual rent of these properties can reach More than 40 million Hong Kong dollars."
“Currently invested projects include: Singapore’s Changhe Central Commercial Complex, and four high-rise 45-storey commercial buildings in Central.”
"In terms of capital: the Changhe Center commercial complex is expected to invest 250 million Hong Kong dollars (excluding the hotel part), and the four central commercial buildings are expected to invest 250 million Hong Kong dollars. In addition, 50 million Hong Kong dollars have been spent on the land of Cheung Kong Real Estate. A total of 550 million development funds are needed."
"In the past two years, our rental profit was 60 million Hong Kong dollars. Originally we had 220 million Hong Kong dollars, and we had 280 million Hong Kong dollars in total."
"Everbright Bank has promised a loan of 100 million Hong Kong dollars, and Singapore has promised a loan of 50 million Hong Kong dollars."
"The remaining funding gap can be spent from the rent of the past few years."
"So, the company's financial situation is good!"
Wu Guangyao nodded, and Xiu Yanbing simply analyzed the financial situation, which was very pertinent.
What is the concept of a 4 million square foot property, which cannot be described in detail, because these properties are expensive office buildings and shopping malls, and industrial buildings only account for 12.5%;
Previous Li Ka-shing’s Cheung Kong Holdings owned 5 million square feet of property in 1975, but a large part of it was industrial buildings, or commercial buildings with low rents, and the rent was only HK$50 million.
Therefore, the strength of Cheung Kong Holdings at this time should be the strength of the previous generation Li Chaoren in the late 1970s, and maybe even the strength of the early 1980s.
Once Singapore’s Changhe Commercial Center and the four commercial buildings in Central are completed, the strength of Cheung Kong Holdings will double.
Judging from the data situation mentioned by Xiu Yanbing, Cheung Kong Holdings may not have much funds available in future bargaining operations;
After all, I invested in two super projects at one time. The steps are a bit big, and it's a mess.
Because of Wu Guangyao, the richest man in the world, the management of Cheung Kong Holdings will never worry about the problem of breaking the capital chain, but Wu Guangyao can't lend you money for bargaining!
Changjiang Industrial is not owned by Wu Guangyao alone. Only Cheung Kong Real Estate is Wu Guangyao's unique real estate company.
Therefore, the bargain-hunting has to go through Cheung Kong Real Estate. Wu Guangyao intends to prepare 500 million Hong Kong dollars for bargain-hunting real estate!
Wu Guangyao is not worried at all, what reaction will the 500 million Hong Kong dollar enter the real estate market;
It is impossible. In that terrible environment, too many wealthy people on Hong Kong Island want to take cash and go abroad to become second-class citizens.
According to one piece of information Wu Guangyao knows, that is, house prices will fall from 30 Hong Kong dollars to 40 Hong Kong dollars per square foot, a drop of about 70%;
The current housing price situation is: the island side is around 55 Hong Kong dollars, and the Kowloon side is around 53 Hong Kong dollars.
If someone buys a suite at any time, they only need to spend 20 Hong Kong dollars per square foot;
But by 1980, the house price had risen from 1300 Hong Kong dollars to 1500 Hong Kong dollars, an increase of about 70 times.
Wu Guangyao said: "How is the development of the Changhe Commercial Center in Singapore? Have you encountered any difficulties?"
Shi Jun quickly said: "It is progressing smoothly, and the foundation work is progressing steadily, and there are no difficulties! However, Singapore officials are eager to achieve results and have been urging us to hurry up on the construction schedule. They have also cleared all obstacles for us. They are very enthusiastic."
Wu Guangyao said seriously: "Don't pay attention to them, their enthusiasm should be, but we have to work slowly and carefully! Five years to complete is five years to complete. This is also a development strategy. If it is completed too early, his business environment in Singapore cannot keep up. what to do?"
The five-year construction period of the commercial center complex, the hotel construction period is divided into four phases, each of the first three phases has a high-rise hotel, and the latter phase is a villa group hotel.
These are all the schedules set by Wu Guangyao after analyzing the rise of Singapore. How could it be changed for the sake of Singapore's officials?
Shi Jun said: "Well, I have repeatedly emphasized to them that our expectation to open in the second half of 1970 is the result of overall consideration; it is absolutely impossible to rush to work for other reasons and cause unnecessary losses."
Then Li Xing and Chen Cheng gave reports one after another, and everyone in the conference room was very angry.
Especially the Hong Kong Island Construction Company, has an annual profit of 13 million Hong Kong dollars, and its market value has reached 250 million Hong Kong dollars, which makes everyone feel uncomfortable;
Chen Cheng explained: "This is due to the accumulated engineering experience and popularity of the Hong Kong Island First Building for many years. Although our cost and profit for the Yangtze River System is generally controlled at about 8%; but we have undertaken a lot of projects from other companies over the years. There are several winning bids for projects outside Hong Kong Island each year, and the profits of these projects can reach 12% to 15%. I believe that the first construction of Hong Kong Island has just begun."
Wu Guangyao listened, applauded for Chen Cheng’s report, and then everyone gave their own applause.
The future built on Hong Kong Island may become the kind of existence of the previous three-star building!
And Wu Guangyao’s Cheung Kong real estate situation naturally does not need to be reported, because it is the private property of the Wu family.
Changshi real estate situation is as follows:
One and five old-fashioned commercial buildings located in the business district of the Central District, five new commercial buildings can be demolished in the future.
2. Universal Building, a 46-story landmark commercial building in the Central District, the tallest building in Asia, world-renowned and priceless.
3. Yangtze River Building, a 28-story top-notch building on Hong Kong Island, located on the bustling Queen’s Road.
Changshi Real Estate’s 200,000 square meters of commercial land has been sold to Cheung Kong, and more than 50 million Hong Kong dollars have been cashed out and entered Wu Guangyao’s personal purse.
Baiyou Group
Mark’s group status has risen, and it has been second only to Fu Hongru, the group president, and has also served as a group vice president. The retail industry of the Gain Baiyou Group has begun to exert its strength.
With confidence and a smile on his face, Mark reported to everyone: "At present, the number of convenience stores in the metropolitan area has reached 120, and Lane Crawford has also opened stores in Tokyo, Osaka, and Nagoya."
Wu Guangyao was very satisfied with the progress, and said: "How is the business situation? Let me tell you more about it."
Mark seriously said: “Dongying people like the convenience store retail model very much, especially the young people of Dongying are our main source of customers and I also found that the management of Dongying is very good at paying attention to details."
Mark has said a lot, and it can be seen that this time he entered the retail industry in Dongying, he not only gained a lot, but also learned a lot.
After Mark’s report, the heads of companies such as Uniqlo Factory, Uniqlo Chain Clothing Brand, Armani, and Valentino.
Uniqlo factory, taking advantage of the development period of Hong Kong Island's garment industry, has also grown to a certain extent;
The development of the three clothing brands is also remarkable, but it is not yet in the outbreak period and is very regional;
Wu Guangyao's requirement for these clothing brands is to develop steadily and wait for the opportunity to erupt.
(End of this chapter)
Chapter 407Inventory ThreeChangjiang Building, the top floor meeting room, the executives of the Yangtze River system gathered together.The Yangtze River is very large, with more than 50 small companies, such as concrete companies cement, earth and stone companies, gardening companies, materials and equipment companies, sales companies, property companies, etc.;Of course, the heads of these small companies are naturally not considered executives!There are no more than ten real executives, all of whom are in charge of more important positions or large companies."Let's start, the repair soldiers will come first!"Hearing Wu Guangyao's words, the soldier Xiu Yan said with confidence:"Currently, Cheung Kong Holdings owns 4 million square feet of properties, including 2.51 million square feet of the Yangtze River Center commercial complex, 1 million square feet of two Central Buildings, and 500,000 square feet of three industrial buildings. The annual rent of these properties can reach More than 40 million Hong Kong dollars."Currently invested projects include: Singapore's Changhe Central Commercial Complex, and four high-rise 45-storey commercial buildings in Central."In terms of capital: the Changhe Center commercial complex is expected to invest 250 million Hong Kong dollars excluding the hotel part, and the four central commercial buildings are expected to invest 250 million Hong Kong dollars. In addition, 50 million Hong Kong dollars have been spent on the land of Cheung Kong Real Estate. A total of 550 million development funds are needed.""In the past two years, our rental profit was 60 million Hong Kong dollars. Originally we had 220 million Hong Kong dollars, and we had 280 million Hong Kong dollars in total.""Everbright Bank has promised a loan of 100 million Hong Kong dollars, and Singapore has promised a loan of 50 million Hong Kong dollars.""The remaining funding gap can be spent from the rent of the past few years.""So, the company's financial situation is good!"Wu Guangyao nodded, and Xiu Yanbing simply analyzed the financial situation, which was very pertinent.What is the concept of a 4 million square foot property, which cannot be described in detail, because these properties are expensive office buildings and shopping malls, and industrial buildings only account for 12.5%;Previous Li Ka-shing's Cheung Kong Holdings owned 5 million square feet of property in 1975, but a large part of it was industrial buildings, or commercial buildings with low rents, and the rent was only HK$50 million.Therefore, the strength of Cheung Kong Holdings at this time should be the strength of the previous generation Li Chaoren in the late 1970s, and maybe even the strength of the early 1980s.Once Singapore's Changhe Commercial Center and the four commercial buildings in Central are completed, the strength of Cheung Kong Holdings will double.Judging from the data situation mentioned by Xiu Yanbing, Cheung Kong Holdings may not have much funds available in future bargaining operations;After all, I invested in two super projects at one time. The steps are a bit big, and it's a mess.Because of Wu Guangyao, the richest man in the world, the management of Cheung Kong Holdings will never worry about the problem of breaking the capital chain, but Wu Guangyao can't lend you money for bargaining!Changjiang Industrial is not owned by Wu Guangyao alone. Only Cheung Kong Real Estate is Wu Guangyao's unique real estate company.Therefore, the bargain-hunting has to go through Cheung Kong Real Estate. Wu Guangyao intends to prepare 500 million Hong Kong dollars for bargain-hunting real estate!Wu Guangyao is not worried at all, what reaction will the 500 million Hong Kong dollar enter the real estate market;It is impossible. In that terrible environment, too many wealthy people on Hong Kong Island want to take cash and go abroad to become second-class citizens.According to one piece of information Wu Guangyao knows, that is, house prices will fall from 30 Hong Kong dollars to 40 Hong Kong dollars per square foot, a drop of about 70%;The current housing price situation is: the island side is around 55 Hong Kong dollars, and the Kowloon side is around 53 Hong Kong dollars.If someone buys a suite at any time, they only need to spend 20 Hong Kong dollars per square foot;But by 1980, the house price had risen from 1300 Hong Kong dollars to 1500 Hong Kong dollars, an increase of about 70 times.Wu Guangyao said: "How is the development of the Changhe Commercial Center in Singapore? Have you encountered any difficulties?"Shi Jun quickly said: "It is progressing smoothly, and the foundation work is progressing steadily, and there are no difficulties! However, Singapore officials are eager to achieve results and have been urging us to hurry up on the construction schedule. They have also cleared all obstacles for us. They are very enthusiastic."Wu Guangyao said seriously: "Don't pay attention to them, their enthusiasm should be, but we have to work slowly and carefully! Five years to complete is five years to complete. This is also a development strategy. If it is completed too early, his business environment in Singapore cannot keep up. what to do?"The five-year construction period of the commercial center complex, the hotel construction period is divided into four phases, each of the first three phases has a high-rise hotel, and the latter phase is a villa group hotel.These are all the schedules set by Wu Guangyao after analyzing the rise of Singapore. How could it be changed for the sake of Singapore's officials?Shi Jun said: "Well, I have repeatedly emphasized to them that our expectation to open in the second half of 1970 is the result of overall consideration; it is absolutely impossible to rush to work for other reasons and cause unnecessary losses."Then Li Xing and Chen Cheng gave reports one after another, and everyone in the conference room was very angry.Especially the Hong Kong Island Construction Company, has an annual profit of 13 million Hong Kong dollars, and its market value has reached 250 million Hong Kong dollars, which makes everyone feel uncomfortable;Chen Cheng explained: "This is due to the accumulated engineering experience and popularity of the Hong Kong Island First Building for many years. Although our cost and profit for the Yangtze River System is generally controlled at about 8%; but we have undertaken a lot of projects from other companies over the years. There are several winning bids for projects outside Hong Kong Island each year, and the profits of these projects can reach 12% to 15%. I believe that the first construction of Hong Kong Island has just begun."Wu Guangyao listened, applauded for Chen Cheng's report, and then everyone gave their own applause.The future built on Hong Kong Island may become the kind of existence of the previous three-star building!And Wu Guangyao's Cheung Kong real estate situation naturally does not need to be reported, because it is the private property of the Wu family.Changshi real estate situation is as follows:One and five old-fashioned commercial buildings located in the business district of the Central District, five new commercial buildings can be demolished in the future.2. Universal Building, a 46-story landmark commercial building in the Central District, the tallest building in Asia, world-renowned and priceless.3. Yangtze River Building, a 28-story top-notch building on Hong Kong Island, located on the bustling Queen's Road.Changshi Real Estate's 200,000 square meters of commercial land has been sold to Cheung Kong, and more than 50 million Hong Kong dollars have been cashed out and entered Wu Guangyao's personal purse.Baiyou GroupMark's group status has risen, and it has been second only to Fu Hongru, the group president, and has also served as a group vice president. The retail industry of the Gain Baiyou Group has begun to exert its strength.With confidence and a smile on his face, Mark reported to everyone: "At present, the number of convenience stores in the metropolitan area has reached 120, and Lane Crawford has also opened stores in Tokyo, Osaka, and Nagoya."Wu Guangyao was very satisfied with the progress, and said: "How is the business situation? Let me tell you more about it."Mark seriously said: Dongying people like the convenience store retail model very much, especially the young people of Dongying are our main source of customers and I also found that the management of Dongying is very good at paying attention to details."Mark has said a lot, and it can be seen that this time he entered the retail industry in Dongying, he not only gained a lot, but also learned a lot.After Mark's report, the heads of companies such as Uniqlo Factory, Uniqlo Chain Clothing Brand, Armani, and Valentino.Uniqlo factory, taking advantage of the development period of Hong Kong Island's garment industry, has also grown to a certain extent;The development of the three clothing brands is also remarkable, but it is not yet in the outbreak period and is very regional;Wu Guangyao's requirement for these clothing brands is to develop steadily and wait for the opportunity to erupt.End of this chapter
