LATEST UPDATES

Published at 25th of December 2023 05:14:09 AM


Chapter 420: 【reward】

If audio player doesn't work, press Stop then Play button again








Chapter 420【Harvest】

Since October, Cheung Kong Real Estate will sell two to three properties every day, but they are all land and properties with a small area;

Of course, no matter how small a mosquito is, it is meat;

Furthermore, the development of such a small site is the normal state of the future real estate industry on Hong Kong Island;

The real land is something that can be met but not sought!

Otherwise, on Hong Kong Island in the 1970s and 1980s, there would not have been so many hostile acquisitions of established companies.

The old company has a lot of land reserves, if you don’t develop real estate;

So emerging real estate companies will challenge such established companies—hostile takeovers.

This time Wu Guangyao ate meat, naturally someone drank soup;

The four major families of later generations all dispatched. Although they have little funds, they can also buy a lot of land.

But these people, how can Cheung Kong Real Estate be smart!

At this time, Cheung Kong Real Estate's branches in Toronto, San Francisco, Singapore and other places have shown their role.

The Chinese have two very important bases in the Americas, Toronto in Canada and San Francisco in the United States. These two places are priority cities for Chinese immigrants.

The Duolun branch and the San Francisco branch of Cheung Kong Real Estate immediately took action after receiving a call from the headquarters.

Changshi Real Estate has advertised in local newspapers and radio stations to acquire Chinese properties on Hong Kong Island;

You can trade without going back to Hong Kong Island, saving time and effort, and also safe!

Of course, both buyers and sellers of such transactions must have lawyers present;

But it is always safer and easier than going back to Hong Kong Island. So soon many Chinese sold properties on Hong Kong Island to Cheung Kong Properties.

Wu Guangyao is immersed in a transaction, only he can understand the taste in his heart!

A tenement building with an area of ​​20,000 square feet, Cheung Kong Real Estate only needs 1 million Hong Kong dollars to acquire it (purchased according to the floor area of ​​the old building);

If demolished and rebuilt, 250,000 square feet of property can be built;

At the price of 1970, it can sell 20 million Hong Kong dollars;

At the price in 1980, it can sell for 300 million Hong Kong dollars.

Shi Jun walked quickly and came to Wu Guangyao’s office with property information in his hand.

"Good news, boss! There are several garden houses for sale in Mid-Levels!"

"Bring it to me!"

Wu Guangyao briefly read the information, and immediately said: “Yes, you can discuss the price yourself! Remember, we can all consider the 50% price before the plunge, and there is no need to spend our energy on waiting.”

Changshi Real Estate's 500 million Hong Kong dollar capital entering the market, is there any reason that it will not affect it;

Therefore, Wu Guangyao asked the Three Musketeers to negotiate all sales and purchases without being too preoccupied, so as not to delay the fighter.

As of early November, Cheung Kong Real Estate already has a hundred properties and plots on hand;

If all these old properties are demolished, it is estimated that there will be more than 3 million square feet of land.

With this amount of land reserves, it is possible to slap Li Chaoren in the 1980s in his previous life.

At this time, Cheung Kong Real Estate’s funds only spent 400 million Hong Kong dollars, of which 200 million Hong Kong dollars were spent on 12 commercial buildings on the island, 200 million Hong Kong dollars were spent on 100 properties, and a full 100 million yuan of funds could be used to buy the bottom.

At this time on the market, various sellers have begun to wait and see!

Because on Hong Kong Island at this time, the social environment has become calm, and everyone has seen a glimmer of light.

Wu Guangyao said to the Three Musketeers: “From now on, we should not be picky eaters. For properties like Tsuen Wan and Shauqiwan, we can also consider it! Otherwise, it would be really difficult to spend the remaining 100 million Hong Kong dollars.”

Shi Jun said: "Tsuen Wan and Shauqiwan are very suitable for the development of 400 square feet to 600 square feet of housing. This kind of small apartment is easily accepted by the workers' families in these places."

Shi Jun’s words made Wu Guangyao shine!

"Well, it's a good idea, you can figure it out!"

Wu Guangyao, Sandus, and John Madden came to the western restaurant of the Ritz Hotel for a dinner.

John Madden received Wu Guangyao’s invitation and immediately went there;

Now is the explosive period of shipping, discussing the situation among peers is also a thing worth looking forward to;

What's more, Wu Guangyao's sensitivity to the world situation is admired by Little Madden.

After the three people sit down, they order a meal, close the menu and pass it to the waiter.

Everyone first talked about the Suez Canal. When it came to this matter, both Sandus and Madden couldn't help but smile.

After discussing for a while, Wu Guangyao went straight to the subject and said directly: "Mr. Madden, I am dissatisfied with you, this time I invite you to talk about something!"

Ma Deng raised a pair of thick eyebrows, and said sternly: "Mr. Wu, please say!"

Wu Guangyao nodded, and then said: “I don’t know if Wheelock is intending to sell China Gas Company? The price is easy to say, and Wheelock will not lose out!”

Madden was surprised when he heard it!

I think about the appearance of this person at the beginning, but he didn't care much about China Gas, but now he is on a whim again.

Madeng did not directly answer Wu Guangyao, but asked: "Mr. Wu is optimistic about China Gas Company!"

Wu Guangyao nodded. After all, Madden can be regarded as a friend of his own. If he seeks a friend’s property on his own, he naturally cannot use conspiracy or hostile takeover.

China Gas is not an industry that Wu Guangyao values ​​very much, so there is no need to offend Madden.

"At this time, although everyone considers piped gas to be exclusive to wealthy people, I believe that one day, every household on Hong Kong Island will choose piped gas. Therefore, I personally believe in the development of China Gas."

Madden thought for a while and said, "Mr. Wu’s knowledge is the same as some of the company’s executives. Mr. Wu, you are so sincere, and I will not hide from you; at this time, Wheelock & Company holds shares in China Gas. But 25%. How about this. We transfer your 5% of your shares, and you absorb a certain amount of shares from the public market. We will be willing to be the second shareholder of Wheelock. How?"

Wu Guangyao said without hesitation: "This is naturally a good thing, and it is also my honor to cooperate with Wheelock!"

Originally, Wu Guangyao did not intend to privatize China Gas, so it is natural to accommodate Wheelock's second shareholder.

On Hong Kong Island, if you privatize a public company, that would be a fool!

Hong Kong government, you can’t pass it!

What is a franchise? The franchise is a rule formulated by the Hong Kong government;

If you do not follow the rules, the Hong Kong government can completely cancel your franchise.

The Hong Kong government stipulates that: exclusive companies on Hong Kong Island must maintain publicly held listed companies, so as not to become a wealthy weapon for private individuals.

After talking to Madden, Wu Guangyao no longer had any scruples and ordered Liu Yu to increase his holdings of China Gas to 40%.

(End of this chapter)




Please report us if you find any errors so we can fix it asap!


COMMENTS