Hong Kong's new giants

Chapter 380 [Tsuen Wan Plaza]

Beginning of November.

On Saturday afternoon, Lin Zuhui gave up reunion with his family and asked Yuan Tianfan to play golf together.The drunken man's intention is not to drink, as Yuan Tianfan's term as the chairman of the Stock Exchange will expire in three months, Lin Zuhui also hopes to determine whether he is interested in the position of president of 'Hengchang Holdings'.

The two chatted while playing golf.

Yuan Tianfan asked earnestly: "Lin Sheng, I have seen that New Era Group has developed rapidly in the past few years, and you have positioned it as a worldwide comprehensive group. But in fact, New Era Group does not invest much overseas. Why?"

Lin Zuhui swung his club gracefully, and then replied: "Because of the rate of return! I will indeed build New Times Group into a worldwide comprehensive group, but considering the economic situation in Europe and the United States in recent years, its rate of return is far lower than that of Heung Kong. In fact, In recent years, I have chosen to invest cautiously in overseas investment. In my opinion, the return rate of investing in the mainland will be much higher than overseas. Once New Times Group has sufficient funds, it can naturally consider investing Overseas business."

Yuan Tianfan had some doubts, and said, "Is the investment in the mainland better than overseas?"

Lin Zuhui said with a smile: "You don't think that the policy will not change! At present, everyone is looking forward to opening up the mainland market, because the market is too big. There are more than 11 billion people in the mainland, and we earn 1 yuan per person. That's 11 billion. What do you say?"

Yuan Tianfan nodded and said, "Those who hold this view are indeed top businessmen with foresight."

The two continued to play a round of golf, and Yuan Tianfan finally said seriously: "Li Chaoren also invited me to join his team many times, and I was really tempted. But after thinking about it for a while, I think the president of Hengchang Holdings Maybe it suits me better."

Lin Zuhui immediately stretched out his hand happily and said, "Welcome to join our team!"

Yuan Tianfan also stretched out his hand happily, and said, "It should be said that I am honored to join this team, and it took Lin Sheng a lot of time to persuade him!"

"Look at what you said, even if you choose not to join, can't I be friends with you?"

Lin Zuhui was in a very good mood to be a general, and it was exactly the position that New Era Group needed.

Lu Donglai, who is also the president of Hengchang Holdings, is actually the head of the comprehensive department of New Times Group. What's more, New Times Group plans to enter the mainland on a large scale. New Times Group (Huaxia) will be spun off, so it also needs a president.

Retail, traditional Chinese medicine, profit/food, port, shipping, and telecommunications, six businesses are allocated to Hengchang Holdings, and the comprehensive departments of New Times Group are only left: infrastructure, investment (shareholding), basically a senior employee is needed It can be done.

At present, although New Era Group has not made a big move overseas, it has also set up offices in Singapore, London, and New York, and will consider setting up offices in Vancouver and Sydney later.

After Yuan Tianfan agreed to Lin Zuyao's invitation, he took the initiative to "resign" to Li Chaoren, because Li Chaoren also invited him to join the Changshi Department recently.

In the previous life, Li Chaoren gave Yuan Tianfan the position: President of Hengchang Holdings. Although Hengchang Enterprises was not his company, he recommended Yuan Tianfan.

It can also be seen from this point that there is indeed no place for Yuan Tianfan in the Changshi Department, which is also the main reason why Lin Zuhui won this time.

When Li Chaoren heard that Yuan Tianfan already had a place to go, his first reaction was that Lin Zuhui had won over Yuan Tianfan, and he immediately felt very disappointed.But he couldn't say anything, because over the years, strictly speaking, Yuan Tianfan had helped him more.

In the past few years, he has lost more than just Yuan Tianfan. Several members of the Legislative Council, barrister Li Yeguang, etc. have also been wooed by Lin Zuhui; of course, everyone is on good terms with each other.

Monday, October 12.

After getting Yuan Tianfan's consent, Lin Zuhui immediately started to do Lu Donglai's ideological work.

In the office, Lin Zuhui first asked Lu Donglai: "What do you think of the mainland market?"

Lu Donglai has followed Lin Zuhui for so long, so he naturally understands the boss, so he said: "The prospect is very good. After all, this market is very big. Now there is only one opportunity, an opening opportunity!"

Lin Zuhui nodded, and said: "I have been to the mainland many times, and I have learned some general trends through high-level talks many times. Therefore, I am very optimistic about the mainland market and plan to make preparations in advance."

Lu Donglai was startled, the boss actually got some information from the top management, it seems very sure!
"The boss plans to invest in real estate in the Mainland?"

Lin Zuhui nodded and said, "According to my speculation, if we prepare in advance, maybe a few years later we can spin off a subsidiary worth tens of billions. So, I want you to be in charge of the mainland's real estate, infrastructure and other businesses."

Lu Donglai immediately said: "I have no problem! But what about Hengchang Holdings?"

Lin Zuhui said: "Yuan Tianfan from the Stock Exchange has agreed to join us! If it weren't for the great prospects of the mainland market, I wouldn't transfer you around!" He will do everything possible to win over Yuan Tianfan.After all, Lu Donglai is still qualified for Hengchang Holdings.

Lu Donglai said with a smile: "Instead, I like this kind of challenging career. Since my boss has visited the Mainland many times, I feel that the Mainland will usher in great opportunities soon!"

In the past year, the boss has suddenly changed his previous style of not returning to the mainland. Since he was interviewed by high-level officials at the beginning of the year, he has gone to the mainland many times to do charity and research.As a subordinate, how can he not know what the boss thinks.Over the years, the boss has never made a wrong judgment on the general situation, so he believes that the real estate market in the mainland is very huge and he is very willing to challenge it.

Lin Zuhui nodded. In fact, even if Lu Donglai did not arrange to be in charge of real estate affairs in the mainland, New Times Group still had his position, but he was a bit overqualified.

"Well, you can work on Hengchang Holdings with peace of mind first, and then take office after the handover is completed! I can tell you a news in advance. If the mainland is opened to a certain extent, I will be in Beijing, Magic City, Guangzhou, Shenzhen and other places. , to create a 'Central Plaza' model, Central Plaza will no longer be a building, but a complex project."

"Okay, boss, don't worry!"

After Lu Donglai left, Lin Zuhui was in a good mood. A perfect organizational structure and an excellent core management team are the magic weapon for a company's success.

Of course it is not the biggest magic weapon. The biggest magic weapon of New Era Group is Lin Zuhui, the soul.

The group can only develop efficiently if it is well-targeted.

For example, Li Chaoren, in his previous life, because he paid too much attention to overseas investment, it also caused a little impact, because the overseas return rate was too poor.For example, he invested in the telecommunications industry in Australia, Malaysia, and Thailand, all of which were out of the market at a loss, and did not achieve the expected success.Even real estate invested in Canada and Singapore has a really low rate of return.Of course, if he has enough cash, it doesn't matter if he invests like this. The key is that Xiangjiang and the mainland can still accommodate those funds at that time, which is a pity.

What is even worse is Jardine. During the period from 1984 to 1994, the efficiency of overseas investment was low and the rate of return was low. As a result, Hong Kong's real estate development was very good, and it turned around in 1994.It is a pity that at that time, Huazi Real Estate was so strong that Hongkong Land was defeated by Huazi Real Estate in luxury land and properties built on top of airport and railway stations.

Based on this information, Lin Zuhui decided that from 1991 to 1992, New Era Group would reduce overseas investment projects.As for British telecommunications, it must be invested. After all, once it is made, the rate of return will be very high.

Hengjin Investment is different from New Era Group. Hengjin Investment belongs to Lin Zuhui’s personal investment company and has relatively sufficient funds. Therefore, some overseas investments can be considered, such as buying low-priced office buildings in Europe and the United States, but they will not buy more than 30 billion Hong Kong dollars. [-]% loan.

The important thing is that in his previous life, Li Chaoren bought a Manhattan Center building in New York next year, and half of the equity was less than 5 million Hong Kong dollars; and this building was a full 38 stories high.If it is in Central, such a building would cost at least 20 billion Hong Kong dollars!
In the afternoon, Chen Bin walked into Lin Zuhui's office with a happy expression on his face.

After sitting down, Chen Bin didn't have time to drink tea, so he reported: "Boss, the two pieces of land on Yeung Uk Road, Tsuen Wan have already been transferred from the Hong Kong government through the land exchange agreement. Not only that, the west side of Citywalk mall The land has also been replaced. In that area, we replaced a total of 100 million square feet of land in half a year!"

Lin Zuhui was also very happy when he heard that, that area is near the sea in Tsuen Wan, that is, the site of the old wharf in Tsuen Wan and the site of Yeung Uk Road, adjacent to Tsuen Wan Park.

In this way, his idea of ​​building a landmark/comprehensive building in Tsuen Wan can be realized!
Citywalk (mall) is currently under construction and is expected to open in 1992.The land on the west side of Citywalk will build a luxury residential area with sea view; the Yangwu Road land on the north side of Citywalk will build an urban complex, which is divided into two parts, one part has two buildings and a large shopping mall A commercial complex, part of which is a large housing estate.

Lin Zuhui said: "This project is very important. You let the designer design according to my ideas, and strive to complete the plan within half a year."

Chen Bin nodded and said, "Well, we must hire the best designer to design Tsuen Wan Plaza for us."

Lin Zuhui thought for a while, and immediately said: "Although the plan for the new airport has not been officially finalized, the height limit must be taken into account. You can communicate more with the Planning Department of the Hong Kong government. We must not slow down our speed because of this problem." .I estimate that there is no problem in building an 88-story building, and a lower level is also acceptable.”

Chen Bin nodded. He knew that the boss didn't care about the world's tallest building. After all, Tsuen Wan is not Central, so what's the point of the world's tallest building!
The plan for the new airport was originally determined in October 1989. However, due to the scheming of the Hong Kong government-it actually wanted to invest 10 billion, that is to say, it wanted to use up all the reserve funds of the Hong Kong government and only leave 1000 billion for the subsequent Hong Kong government. billions of funds.How can this work, the money from the government after Jiuqi will work.

Therefore, the new airport plan is dragging on like this.The Hong Kong government can't repair it either, because this kind of project requires loans, and the project needs to cross nine seven.

If the other side refuses to agree, the bank will not dare to lend money, because what should I do if the Xingang government does not recognize it in the future?
Just dragging on like this, according to history, it should be resolved in July next year!
At that time, real estate and the stock market will rise sharply again.

For this large project in Tsuen Wan, Lin Zuhui roughly estimated that the investment would be 100 billion, but because there are a large number of residential buildings for sale, there is no problem with the funds.

In the end, there will be two large shopping malls - Citywalk, Tsuen Wan Plaza, and two buildings (office buildings and five-star hotels) with a height of 88 floors and a height of 42 floors.
After Chen Bin left, Lin Zuhui thought about the progress of the project.

Not too fast, not too slow!

It is best to start construction in 1992 and complete it in 1996.

This project only needs to make up the land price of part of the land, that is, the Tsuen Wan Plaza part, and the rest of the residential land is exchanged for the land exchange rights.

As Jiuqi approaches, the Hong Kong government also intends to take back all the rights and interests of land exchange in the New Territories—that is, land exchange, so the number of land in the New Territories approved by the Hong Kong government has increased recently.

(End of this chapter)