Chapter 454: 【Land Exchange Rights and Interests Form B】（3000 words
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Chapter 454 [Book of Land Exchange Rights and Interests of Type B] (3000-word chapter!)
In August, Changjiang Building.
Wu Guangyao is busy calculating in the office about the details of the transfer of the residential properties and residential land of Cheung Kong Real Estate to Cheung Kong.
At the beginning of the year, Cheung Kong Holdings issued 10 million new shares and raised 310 million Hong Kong dollars;
Among them, 110 million Hong Kong dollars will be used for the construction cost (phase construction cost) of four commercial buildings in New World Center, Changhe Center and Central District.
And the other 200 million Hong Kong dollars, Wu Guangyao intends to use all the land and properties of Cheung Kong Real Estate, and the opportunity is right at this time;
As for the subsequent development costs of these plots and properties, they can naturally be resolved through loans.
However, 200 million Hong Kong dollars obviously cannot buy many of the 138 properties and land in the hands of Cheung Kong Properties;
Changshi Real Estate's 138 properties and land, Wu Guangyao spent only 250 million Hong Kong dollars in the '6-7 Incident,' but at this time it has appreciated to about 800 million Hong Kong dollars, which has tripled the price.
So, Wu Guangyao needs to calculate the specific transaction details!
The information of 138 properties and land was turned over countless times by Wu Guangyao, and finally all formed a property system in his mind;
138 properties and land, if the area is calculated, the total is 3,886,500 square feet;
But the transaction must be calculated on the basis that the property belongs to the property and the land belongs to the land, otherwise Wu Guangyao would not lose money!
Finally, Wu Guangyao found 33 properties and land, a total of almost 1 million square feet of land, planning to sell 200 million Hong Kong dollars to Cheung Kong;
Next, Wu Guangyao continued to select properties and land, because he had to take out land and properties to increase his stake in Cheung Kong Holdings;
At this time, Wu Guangyao owns 23.5 million shares of Yangtze River Industrial, with a total share capital of 58 million shares, accounting for 40.5% of the shares;
Speaking of safety (in the case of malicious acquisition), it is absolutely safe!
Adding the shares of Lin Youde, He Xian, and Zhong Ziguang, there are almost 49% of the shares;
is said to be safe, because once someone maliciously acquires Cheung Kong Holdings, it will never proceed silently;
Wu Guangyao, who owns 40.5% of the shares, can completely thwart a hostile takeover. It only needs to acquire a few more points to consolidate it.
To say that it is unsafe, it is nothing more than if someone maliciously acquires Cheung Kong Holdings, the stock price will be raised, and then the price of Wu Guangyao's holding of shares will be very high!
For example, if you encounter a stock market sniper like Liu Guangyao from the previous life, and a major shareholder like Wu Guangyao, it will be easy for him to succeed (withdrawing from the high stock price);
But there is one aspect of Cheung Kong Holdings that snipers like Liu dare not dare to take it lightly, that is, the market value of Cheung Kong Holdings has reached HK$2.1 billion at this time, and it is the second-highest listed company on Hong Kong Island, second only to Jardine Matheson. ；
Wait until the 1980s, the market value of tens of billions of Hong Kong dollars is appropriate!
In any case, Wu Guangyao cannot make his own shares only 40.5%, holding 49% is Wu Guangyao's bottom line;
After all, the annual dividend of Cheung Kong Holdings is enough to allow Wu Guangyao to hold this amount. If not considering various factors, Wu Guangyao even prepared to take advantage of the collapse of the stock price in the 1980s during the Sino-British negotiation stage to directly privatize Cheung Kong.
This time, Yangtze River Holdings needs to issue 9 million new shares in private placement. According to the current stock price of 35.5 Hong Kong dollars per share, Wu Guangyao needs to pay 320 million Hong Kong dollars;
This amount, Wu Guangyao is naturally offset by property and land!
Picking and picking, Wu Guangyao picked out a bunch of materials, a total of 55 sites and plots, almost 1.6 million square feet of land;
The remaining 50 properties are 1.28 million square feet of land. The geographical position is slightly better. They will be sold to Changjiang Industrial in the late 1970s!
spent 250 million Hong Kong dollars to buy land and properties, Wu Guangyao finally recovered only 200 million Hong Kong dollars and 50 properties and sites (1.28 million square feet of land, about 280 million Hong Kong dollars);
However, considering the explosion of the fixed value of Cheung Kong, then Wu Guangyao's net worth will naturally skyrocket.
In mid-August, the shares of Cheung Kong Holdings were suspended, and details of major transactions were disclosed:
First, Cheung Kong Holdings used 200 million Hong Kong dollars to purchase 33 properties and land of Cheung Kong Real Estate at the market price, totaling 1.01 million square feet of land;
Second, in order to facilitate the circulation of Cheung Kong's shares, Cheung Kong Holdings felt that it would split one share into two shares, and the stock price was changed from 35.5 Hong Kong dollars to 17.75 Hong Kong dollars;
Third, 18 million new shares were issued by private placement (after the split), with a total value of 319.50 million Hong Kong dollars. Cheung Kong Properties increased its holdings by 55 plots and properties.
When the investors saw the details of the transaction, the investors who held shares in Cheung Kong Holdings plunged into ecstasy!
Why?
In a series of actions of Cheung Kong Holdings, the value of the stocks in the hands of stockholders did not lose a single cent, but the strength of Cheung Kong Holdings has greatly increased, so the stock price of Cheung Kong Holdings will surely rise again in the future.
Sure enough, on the opening day, Cheung Kong's share price rose from 17.5 Hong Kong dollars per share to 20 Hong Kong dollars per share, with a total market value of 2.68 billion!
Cheung Kong Holdings’ market value of 2.68 billion Hong Kong dollars is close to Jardine’s market value of 3.3 billion Hong Kong dollars;
It is important to know that some of the listed assets of Jardine Matheson are composed of assets at home and abroad, and there are hundreds of affiliated companies.
At this time, Wu Guangyao holds 65 million shares of Cheung Kong Holdings, with a total share capital of 134 million shares, and Wu Guangyao holds 48.5% of the shares;
The market value of Cheung Kong Holdings in Wu Guangyao's hands has also reached 1.3 billion Hong Kong dollars.
Three Musketeers came to Wu Guangyao's office together.
"Developing residential buildings is not something we are urgently doing now; therefore, the properties and land obtained by Cheung Kong this time do not need to be developed at a rapid pace; the order of development is also to give priority to land development, and the property (old building) is developed last. After all, the property can collect rent and create certain economic benefits!" Wu Guangyao said.
Wu Guangyao reminded the three people that it was because Cheung Kong's previous residential projects were developed by Wu Guangyao in order to sell out before the real estate crash (Wu Guangyao knew the time of the real estate crash);
Xiu Yanbing smiled and said: "In the past, our Cheung Kong Holdings was not strong enough and needed to move funds; now, with our Cheung Kong Holdings, it is entirely possible for us to cover the entire property market for ten or eight years when real estate declines. It’s not a problem, wait for the property to pick up before selling; therefore, there really is no need to hurry up!"
Shi Jun also said: "The boss often said that if the development year of Hong Kong Island is lengthened, then the real estate will definitely rise sharply, and the temporary decline will have no effect. Facts have also proved the boss's statement. In the 20 years since the establishment of Cheung Kong, house prices have risen. 12 times, land prices have risen 20 times."
Li Xing said: “We can now support the normal development of the company only by collecting rents. Therefore, as long as we are optimistic about the long-term development of Hong Kong Island and some local fluctuations, it can be as stable as Mount Tai.”
It can be said that the foundation of Cheung Kong Holdings has been cast!
Discussed the development strategy of residential land for a while, and everyone summarized:
First of all, the company’s key development projects are still: Changhe Central Commercial Complex, New World Central Commercial Complex, and four commercial buildings in the Central District;
Secondly, it is the development of some residential projects. The land is developed first, and the property rent is collected; the land with poor location is developed first, and the land with good location is developed later.
Next, Wu Guangyao said: "You should know the Type B Land Exchange Rights and Interests Book, right?"
The three of them nodded after hearing it.
Type B Land Exchange Rights and Interests Letter, known as LetterB by the British. In the late 1950s, the Hong Kong government began to expropriate the farmland of farmers in the New Territories for development purposes, and then allocated land for building houses to exchange with them, usually 2.5 square feet of farmland for 1 Square feet of residential land;
Farmers need to get this Type B land exchange rights certificate, and they can’t immediately exchange land for you, but have to wait for the Hong Kong government’s announcement of the land exchange;
So if these farmers want to get real benefits right away, they basically have nothing to do!
At this time, both Kowloon and the island are still waiting to be developed, so the real estate businessmen will naturally not think of purchasing these B-type land exchange rights and interests;
Of course, Wu Guangyao is not the only one who is smart. Li Zhaoji and Nan Fung Group Chairman Chen Tingyao have awakened earlier in this regard.
Shi Jun said: "The boss wants to buy this Type B land exchange interest book?"
Wu Guangyao nodded and said: "The acquisition of this'Type B land exchange rights book' is much cheaper than the government auction land. I only have to wait patiently for the Hong Kong government to announce the land exchange, and there will be a large piece of land that can be bought at a reasonable price. It can be used for building."
The three of them thought about it, and remembered how the boss's trick was!
The “Book B for Land Exchange Rights and Interests” has certain priority. This is the original promise of the government. Even if the land auctioned by the Hong Kong government, no matter what price other people bid, the Hong Kong government must give the land to the person with priority in accordance with the original contract. People, this is what attracts people from the “Book of Land Exchange Rights and Interests”.
With this priority, once the New Territories are developed, the boss will have an unparalleled advantage!
So when will the New Territories be developed?
This is the real estate merchant on Hong Kong Island, and there is no reason to intervene in the ‘Land Exchange Rights and Interests Letter B’;
Maybe this ‘Book of Land Exchange Rights and Interests’ in the eyes of some businessmen is similar to a piece of waste paper, so it’s dismissive.
For a long time, Shi Jun said: "The development of the New Territories by the Hong Kong Government will happen sooner or later. Because the mainland has been GM in recent years, tens of thousands of mainlanders come to Hong Kong Island every year to seek a living. Therefore, the population of Hong Kong Island will continue to rise. And the main island is not enough to accommodate these people. Therefore, the development of the New Territories will be a matter of time. I think this'Land Exchange Rights and Interests Book' is very profitable!"
Li Xing and Xiu Yanbing also figured this out, and soon praised the boss for his vision!
Wu Guangyao said: "Although it is profitable, the cycle is really long, and most people don't have this patience! You help me set up a team to carry out this task for a long time; also remember, don't fool the farmers, buy and sell freely, and buy honestly. ; But there is also one thing, this land exchange rights and interests book should not be hyped up, and the water flows slowly and slowly."
Shi Jun said: "Don't worry, boss! I know how to do it!"
Land reserves are undoubtedly the core of a real estate company. When local prices are high, many real estate companies cringe;
Those real estate companies that have a lot of land are like coming to a feast, just open their mouths and enjoy a gluttonous meal.
(End of this chapter)
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Chapter 454 [Book of Land Exchange Rights and Interests of Type B] (3000-word chapter!)
In August, Changjiang Building.
Wu Guangyao is busy calculating in the office about the details of the transfer of the residential properties and residential land of Cheung Kong Real Estate to Cheung Kong.
At the beginning of the year, Cheung Kong Holdings issued 10 million new shares and raised 310 million Hong Kong dollars;
Among them, 110 million Hong Kong dollars will be used for the construction cost (phase construction cost) of four commercial buildings in New World Center, Changhe Center and Central District.
And the other 200 million Hong Kong dollars, Wu Guangyao intends to use all the land and properties of Cheung Kong Real Estate, and the opportunity is right at this time;
As for the subsequent development costs of these plots and properties, they can naturally be resolved through loans.
However, 200 million Hong Kong dollars obviously cannot buy many of the 138 properties and land in the hands of Cheung Kong Properties;
Changshi Real Estate's 138 properties and land, Wu Guangyao spent only 250 million Hong Kong dollars in the '6-7 Incident,' but at this time it has appreciated to about 800 million Hong Kong dollars, which has tripled the price.
So, Wu Guangyao needs to calculate the specific transaction details!
The information of 138 properties and land was turned over countless times by Wu Guangyao, and finally all formed a property system in his mind;
138 properties and land, if the area is calculated, the total is 3,886,500 square feet;
But the transaction must be calculated on the basis that the property belongs to the property and the land belongs to the land, otherwise Wu Guangyao would not lose money!
Finally, Wu Guangyao found 33 properties and land, a total of almost 1 million square feet of land, planning to sell 200 million Hong Kong dollars to Cheung Kong;
Next, Wu Guangyao continued to select properties and land, because he had to take out land and properties to increase his stake in Cheung Kong Holdings;
At this time, Wu Guangyao owns 23.5 million shares of Yangtze River Industrial, with a total share capital of 58 million shares, accounting for 40.5% of the shares;
Speaking of safety (in the case of malicious acquisition), it is absolutely safe!
Adding the shares of Lin Youde, He Xian, and Zhong Ziguang, there are almost 49% of the shares;
is said to be safe, because once someone maliciously acquires Cheung Kong Holdings, it will never proceed silently;
Wu Guangyao, who owns 40.5% of the shares, can completely thwart a hostile takeover. It only needs to acquire a few more points to consolidate it.
To say that it is unsafe, it is nothing more than if someone maliciously acquires Cheung Kong Holdings, the stock price will be raised, and then the price of Wu Guangyao's holding of shares will be very high!
For example, if you encounter a stock market sniper like Liu Guangyao from the previous life, and a major shareholder like Wu Guangyao, it will be easy for him to succeed (withdrawing from the high stock price);
But there is one aspect of Cheung Kong Holdings that snipers like Liu dare not dare to take it lightly, that is, the market value of Cheung Kong Holdings has reached HK$2.1 billion at this time, and it is the second-highest listed company on Hong Kong Island, second only to Jardine Matheson. ；
Wait until the 1980s, the market value of tens of billions of Hong Kong dollars is appropriate!
In any case, Wu Guangyao cannot make his own shares only 40.5%, holding 49% is Wu Guangyao's bottom line;
After all, the annual dividend of Cheung Kong Holdings is enough to allow Wu Guangyao to hold this amount. If not considering various factors, Wu Guangyao even prepared to take advantage of the collapse of the stock price in the 1980s during the Sino-British negotiation stage to directly privatize Cheung Kong.
This time, Yangtze River Holdings needs to issue 9 million new shares in private placement. According to the current stock price of 35.5 Hong Kong dollars per share, Wu Guangyao needs to pay 320 million Hong Kong dollars;
This amount, Wu Guangyao is naturally offset by property and land!
Picking and picking, Wu Guangyao picked out a bunch of materials, a total of 55 sites and plots, almost 1.6 million square feet of land;
The remaining 50 properties are 1.28 million square feet of land. The geographical position is slightly better. They will be sold to Changjiang Industrial in the late 1970s!
spent 250 million Hong Kong dollars to buy land and properties, Wu Guangyao finally recovered only 200 million Hong Kong dollars and 50 properties and sites (1.28 million square feet of land, about 280 million Hong Kong dollars);
However, considering the explosion of the fixed value of Cheung Kong, then Wu Guangyao's net worth will naturally skyrocket.
In mid-August, the shares of Cheung Kong Holdings were suspended, and details of major transactions were disclosed:
First, Cheung Kong Holdings used 200 million Hong Kong dollars to purchase 33 properties and land of Cheung Kong Real Estate at the market price, totaling 1.01 million square feet of land;
Second, in order to facilitate the circulation of Cheung Kong's shares, Cheung Kong Holdings felt that it would split one share into two shares, and the stock price was changed from 35.5 Hong Kong dollars to 17.75 Hong Kong dollars;
Third, 18 million new shares were issued by private placement (after the split), with a total value of 319.50 million Hong Kong dollars. Cheung Kong Properties increased its holdings by 55 plots and properties.
When the investors saw the details of the transaction, the investors who held shares in Cheung Kong Holdings plunged into ecstasy!
Why?
In a series of actions of Cheung Kong Holdings, the value of the stocks in the hands of stockholders did not lose a single cent, but the strength of Cheung Kong Holdings has greatly increased, so the stock price of Cheung Kong Holdings will surely rise again in the future.
Sure enough, on the opening day, Cheung Kong's share price rose from 17.5 Hong Kong dollars per share to 20 Hong Kong dollars per share, with a total market value of 2.68 billion!
Cheung Kong Holdings’ market value of 2.68 billion Hong Kong dollars is close to Jardine’s market value of 3.3 billion Hong Kong dollars;
It is important to know that some of the listed assets of Jardine Matheson are composed of assets at home and abroad, and there are hundreds of affiliated companies.
At this time, Wu Guangyao holds 65 million shares of Cheung Kong Holdings, with a total share capital of 134 million shares, and Wu Guangyao holds 48.5% of the shares;
The market value of Cheung Kong Holdings in Wu Guangyao's hands has also reached 1.3 billion Hong Kong dollars.
Three Musketeers came to Wu Guangyao's office together.
"Developing residential buildings is not something we are urgently doing now; therefore, the properties and land obtained by Cheung Kong this time do not need to be developed at a rapid pace; the order of development is also to give priority to land development, and the property (old building) is developed last. After all, the property can collect rent and create certain economic benefits!" Wu Guangyao said.
Wu Guangyao reminded the three people that it was because Cheung Kong's previous residential projects were developed by Wu Guangyao in order to sell out before the real estate crash (Wu Guangyao knew the time of the real estate crash);
Xiu Yanbing smiled and said: "In the past, our Cheung Kong Holdings was not strong enough and needed to move funds; now, with our Cheung Kong Holdings, it is entirely possible for us to cover the entire property market for ten or eight years when real estate declines. It’s not a problem, wait for the property to pick up before selling; therefore, there really is no need to hurry up!"
Shi Jun also said: "The boss often said that if the development year of Hong Kong Island is lengthened, then the real estate will definitely rise sharply, and the temporary decline will have no effect. Facts have also proved the boss's statement. In the 20 years since the establishment of Cheung Kong, house prices have risen. 12 times, land prices have risen 20 times."
Li Xing said: “We can now support the normal development of the company only by collecting rents. Therefore, as long as we are optimistic about the long-term development of Hong Kong Island and some local fluctuations, it can be as stable as Mount Tai.”
It can be said that the foundation of Cheung Kong Holdings has been cast!
Discussed the development strategy of residential land for a while, and everyone summarized:
First of all, the company’s key development projects are still: Changhe Central Commercial Complex, New World Central Commercial Complex, and four commercial buildings in the Central District;
Secondly, it is the development of some residential projects. The land is developed first, and the property rent is collected; the land with poor location is developed first, and the land with good location is developed later.
Next, Wu Guangyao said: "You should know the Type B Land Exchange Rights and Interests Book, right?"
The three of them nodded after hearing it.
Type B Land Exchange Rights and Interests Letter, known as LetterB by the British. In the late 1950s, the Hong Kong government began to expropriate the farmland of farmers in the New Territories for development purposes, and then allocated land for building houses to exchange with them, usually 2.5 square feet of farmland for 1 Square feet of residential land;
Farmers need to get this Type B land exchange rights certificate, and they can’t immediately exchange land for you, but have to wait for the Hong Kong government’s announcement of the land exchange;
So if these farmers want to get real benefits right away, they basically have nothing to do!
At this time, both Kowloon and the island are still waiting to be developed, so the real estate businessmen will naturally not think of purchasing these B-type land exchange rights and interests;
Of course, Wu Guangyao is not the only one who is smart. Li Zhaoji and Nan Fung Group Chairman Chen Tingyao have awakened earlier in this regard.
Shi Jun said: "The boss wants to buy this Type B land exchange interest book?"
Wu Guangyao nodded and said: "The acquisition of this'Type B land exchange rights book' is much cheaper than the government auction land. I only have to wait patiently for the Hong Kong government to announce the land exchange, and there will be a large piece of land that can be bought at a reasonable price. It can be used for building."
The three of them thought about it, and remembered how the boss's trick was!
The “Book B for Land Exchange Rights and Interests” has certain priority. This is the original promise of the government. Even if the land auctioned by the Hong Kong government, no matter what price other people bid, the Hong Kong government must give the land to the person with priority in accordance with the original contract. People, this is what attracts people from the “Book of Land Exchange Rights and Interests”.
With this priority, once the New Territories are developed, the boss will have an unparalleled advantage!
So when will the New Territories be developed?
This is the real estate merchant on Hong Kong Island, and there is no reason to intervene in the ‘Land Exchange Rights and Interests Letter B’;
Maybe this ‘Book of Land Exchange Rights and Interests’ in the eyes of some businessmen is similar to a piece of waste paper, so it’s dismissive.
For a long time, Shi Jun said: "The development of the New Territories by the Hong Kong Government will happen sooner or later. Because the mainland has been GM in recent years, tens of thousands of mainlanders come to Hong Kong Island every year to seek a living. Therefore, the population of Hong Kong Island will continue to rise. And the main island is not enough to accommodate these people. Therefore, the development of the New Territories will be a matter of time. I think this'Land Exchange Rights and Interests Book' is very profitable!"
Li Xing and Xiu Yanbing also figured this out, and soon praised the boss for his vision!
Wu Guangyao said: "Although it is profitable, the cycle is really long, and most people don't have this patience! You help me set up a team to carry out this task for a long time; also remember, don't fool the farmers, buy and sell freely, and buy honestly. ; But there is also one thing, this land exchange rights and interests book should not be hyped up, and the water flows slowly and slowly."
Shi Jun said: "Don't worry, boss! I know how to do it!"
Land reserves are undoubtedly the core of a real estate company. When local prices are high, many real estate companies cringe;
Those real estate companies that have a lot of land are like coming to a feast, just open their mouths and enjoy a gluttonous meal.
(End of this chapter)
Chapter 454 Book of Land Exchange Rights and Interests of Type B 3000-word chapter!In August, Changjiang Building.Wu Guangyao is busy calculating in the office about the details of the transfer of the residential properties and residential land of Cheung Kong Real Estate to Cheung Kong.At the beginning of the year, Cheung Kong Holdings issued 10 million new shares and raised 310 million Hong Kong dollars;Among them, 110 million Hong Kong dollars will be used for the construction cost phase construction cost of four commercial buildings in New World Center, Changhe Center and Central District.And the other 200 million Hong Kong dollars, Wu Guangyao intends to use all the land and properties of Cheung Kong Real Estate, and the opportunity is right at this time;As for the subsequent development costs of these plots and properties, they can naturally be resolved through loans.However, 200 million Hong Kong dollars obviously cannot buy many of the 138 properties and land in the hands of Cheung Kong Properties;Changshi Real Estate's 138 properties and land, Wu Guangyao spent only 250 million Hong Kong dollars in the '6-7 Incident,' but at this time it has appreciated to about 800 million Hong Kong dollars, which has tripled the price.So, Wu Guangyao needs to calculate the specific transaction details!The information of 138 properties and land was turned over countless times by Wu Guangyao, and finally all formed a property system in his mind;138 properties and land, if the area is calculated, the total is 3,886,500 square feet;But the transaction must be calculated on the basis that the property belongs to the property and the land belongs to the land, otherwise Wu Guangyao would not lose money!Finally, Wu Guangyao found 33 properties and land, a total of almost 1 million square feet of land, planning to sell 200 million Hong Kong dollars to Cheung Kong;Next, Wu Guangyao continued to select properties and land, because he had to take out land and properties to increase his stake in Cheung Kong Holdings;At this time, Wu Guangyao owns 23.5 million shares of Yangtze River Industrial, with a total share capital of 58 million shares, accounting for 40.5% of the shares;Speaking of safety in the case of malicious acquisition, it is absolutely safe!Adding the shares of Lin Youde, He Xian, and Zhong Ziguang, there are almost 49% of the shares;is said to be safe, because once someone maliciously acquires Cheung Kong Holdings, it will never proceed silently;Wu Guangyao, who owns 40.5% of the shares, can completely thwart a hostile takeover. It only needs to acquire a few more points to consolidate it.To say that it is unsafe, it is nothing more than if someone maliciously acquires Cheung Kong Holdings, the stock price will be raised, and then the price of Wu Guangyao's holding of shares will be very high!For example, if you encounter a stock market sniper like Liu Guangyao from the previous life, and a major shareholder like Wu Guangyao, it will be easy for him to succeed withdrawing from the high stock price;But there is one aspect of Cheung Kong Holdings that snipers like Liu dare not dare to take it lightly, that is, the market value of Cheung Kong Holdings has reached HK$2.1 billion at this time, and it is the second-highest listed company on Hong Kong Island, second only to Jardine Matheson. Wait until the 1980s, the market value of tens of billions of Hong Kong dollars is appropriate!In any case, Wu Guangyao cannot make his own shares only 40.5%, holding 49% is Wu Guangyao's bottom line;After all, the annual dividend of Cheung Kong Holdings is enough to allow Wu Guangyao to hold this amount. If not considering various factors, Wu Guangyao even prepared to take advantage of the collapse of the stock price in the 1980s during the Sino-British negotiation stage to directly privatize Cheung Kong.This time, Yangtze River Holdings needs to issue 9 million new shares in private placement. According to the current stock price of 35.5 Hong Kong dollars per share, Wu Guangyao needs to pay 320 million Hong Kong dollars;This amount, Wu Guangyao is naturally offset by property and land!Picking and picking, Wu Guangyao picked out a bunch of materials, a total of 55 sites and plots, almost 1.6 million square feet of land;The remaining 50 properties are 1.28 million square feet of land. The geographical position is slightly better. They will be sold to Changjiang Industrial in the late 1970s!spent 250 million Hong Kong dollars to buy land and properties, Wu Guangyao finally recovered only 200 million Hong Kong dollars and 50 properties and sites 1.28 million square feet of land, about 280 million Hong Kong dollars;However, considering the explosion of the fixed value of Cheung Kong, then Wu Guangyao's net worth will naturally skyrocket.In mid-August, the shares of Cheung Kong Holdings were suspended, and details of major transactions were disclosed:First, Cheung Kong Holdings used 200 million Hong Kong dollars to purchase 33 properties and land of Cheung Kong Real Estate at the market price, totaling 1.01 million square feet of land;Second, in order to facilitate the circulation of Cheung Kong's shares, Cheung Kong Holdings felt that it would split one share into two shares, and the stock price was changed from 35.5 Hong Kong dollars to 17.75 Hong Kong dollars;Third, 18 million new shares were issued by private placement after the split, with a total value of 319.50 million Hong Kong dollars. Cheung Kong Properties increased its holdings by 55 plots and properties.When the investors saw the details of the transaction, the investors who held shares in Cheung Kong Holdings plunged into ecstasy!Why?In a series of actions of Cheung Kong Holdings, the value of the stocks in the hands of stockholders did not lose a single cent, but the strength of Cheung Kong Holdings has greatly increased, so the stock price of Cheung Kong Holdings will surely rise again in the future.Sure enough, on the opening day, Cheung Kong's share price rose from 17.5 Hong Kong dollars per share to 20 Hong Kong dollars per share, with a total market value of 2.68 billion!Cheung Kong Holdings' market value of 2.68 billion Hong Kong dollars is close to Jardine's market value of 3.3 billion Hong Kong dollars;It is important to know that some of the listed assets of Jardine Matheson are composed of assets at home and abroad, and there are hundreds of affiliated companies.At this time, Wu Guangyao holds 65 million shares of Cheung Kong Holdings, with a total share capital of 134 million shares, and Wu Guangyao holds 48.5% of the shares;The market value of Cheung Kong Holdings in Wu Guangyao's hands has also reached 1.3 billion Hong Kong dollars.Three Musketeers came to Wu Guangyao's office together."Developing residential buildings is not something we are urgently doing now; therefore, the properties and land obtained by Cheung Kong this time do not need to be developed at a rapid pace; the order of development is also to give priority to land development, and the property old building is developed last. After all, the property can collect rent and create certain economic benefits!" Wu Guangyao said.Wu Guangyao reminded the three people that it was because Cheung Kong's previous residential projects were developed by Wu Guangyao in order to sell out before the real estate crash Wu Guangyao knew the time of the real estate crash;Xiu Yanbing smiled and said: "In the past, our Cheung Kong Holdings was not strong enough and needed to move funds; now, with our Cheung Kong Holdings, it is entirely possible for us to cover the entire property market for ten or eight years when real estate declines. It's not a problem, wait for the property to pick up before selling; therefore, there really is no need to hurry up!"Shi Jun also said: "The boss often said that if the development year of Hong Kong Island is lengthened, then the real estate will definitely rise sharply, and the temporary decline will have no effect. Facts have also proved the boss's statement. In the 20 years since the establishment of Cheung Kong, house prices have risen. 12 times, land prices have risen 20 times."Li Xing said: We can now support the normal development of the company only by collecting rents. Therefore, as long as we are optimistic about the long-term development of Hong Kong Island and some local fluctuations, it can be as stable as Mount Tai.It can be said that the foundation of Cheung Kong Holdings has been cast!Discussed the development strategy of residential land for a while, and everyone summarized:First of all, the company's key development projects are still: Changhe Central Commercial Complex, New World Central Commercial Complex, and four commercial buildings in the Central District;Secondly, it is the development of some residential projects. The land is developed first, and the property rent is collected; the land with poor location is developed first, and the land with good location is developed later.Next, Wu Guangyao said: "You should know the Type B Land Exchange Rights and Interests Book, right?"The three of them nodded after hearing it.Type B Land Exchange Rights and Interests Letter, known as LetterB by the British. In the late 1950s, the Hong Kong government began to expropriate the farmland of farmers in the New Territories for development purposes, and then allocated land for building houses to exchange with them, usually 2.5 square feet of farmland for 1 Square feet of residential land;Farmers need to get this Type B land exchange rights certificate, and they can't immediately exchange land for you, but have to wait for the Hong Kong government's announcement of the land exchange;So if these farmers want to get real benefits right away, they basically have nothing to do!At this time, both Kowloon and the island are still waiting to be developed, so the real estate businessmen will naturally not think of purchasing these B-type land exchange rights and interests;Of course, Wu Guangyao is not the only one who is smart. Li Zhaoji and Nan Fung Group Chairman Chen Tingyao have awakened earlier in this regard.Shi Jun said: "The boss wants to buy this Type B land exchange interest book?"Wu Guangyao nodded and said: "The acquisition of this'Type B land exchange rights book' is much cheaper than the government auction land. I only have to wait patiently for the Hong Kong government to announce the land exchange, and there will be a large piece of land that can be bought at a reasonable price. It can be used for building."The three of them thought about it, and remembered how the boss's trick was!The Book B for Land Exchange Rights and Interests has certain priority. This is the original promise of the government. Even if the land auctioned by the Hong Kong government, no matter what price other people bid, the Hong Kong government must give the land to the person with priority in accordance with the original contract. People, this is what attracts people from the Book of Land Exchange Rights and Interests.With this priority, once the New Territories are developed, the boss will have an unparalleled advantage!So when will the New Territories be developed?This is the real estate merchant on Hong Kong Island, and there is no reason to intervene in the Land Exchange Rights and Interests Letter B';Maybe this Book of Land Exchange Rights and Interests' in the eyes of some businessmen is similar to a piece of waste paper, so it's dismissive.For a long time, Shi Jun said: "The development of the New Territories by the Hong Kong Government will happen sooner or later. Because the mainland has been GM in recent years, tens of thousands of mainlanders come to Hong Kong Island every year to seek a living. Therefore, the population of Hong Kong Island will continue to rise. And the main island is not enough to accommodate these people. Therefore, the development of the New Territories will be a matter of time. I think this'Land Exchange Rights and Interests Book' is very profitable!"Li Xing and Xiu Yanbing also figured this out, and soon praised the boss for his vision!Wu Guangyao said: "Although it is profitable, the cycle is really long, and most people don't have this patience! You help me set up a team to carry out this task for a long time; also remember, don't fool the farmers, buy and sell freely, and buy honestly. ; But there is also one thing, this land exchange rights and interests book should not be hyped up, and the water flows slowly and slowly."Shi Jun said: "Don't worry, boss! I know how to do it!"Land reserves are undoubtedly the core of a real estate company. When local prices are high, many real estate companies cringe;Those real estate companies that have a lot of land are like coming to a feast, just open their mouths and enjoy a gluttonous meal.End of this chapter
