Siheyuan: The Idiot in Charge
Chapter 443 Charter King 1 is at a loss
Hung Hom Tunnel.
It is the first undersea tunnel in Hong Kong connecting Kowloon and Hong Kong Island.
The initiator of the Hung Hom Tunnel project is the chartered ship king, who raised funds from various sources to build it solely.
According to later online reports, the total investment is HK$3.2 million.
The project was implemented in 67, and the design and construction plans were finalized at the end of 68. Construction just started this year, and it will not be completed and open to traffic in 72.
At this moment, Bao Yugang was sitting in his chairman's office, his face looking very ugly.
He is worried!
Construction of the Hung Hom Tunnel has started, but there is a big gap in later construction funds.
The project budget is more than 3 million, but no matter how we calculate it, it is still more than million short.
Initially, Bao Yugang wanted to invest together with some wealthy Chinese businessmen in Xiangjiang.
But none of these Chinese businessmen want to invest.
Because they are not optimistic about the return on investment of this project.
When Bao Yugang first negotiated terms with the Hong Kong government, they had only 40 years of operating authority.
When the 40-year period is up, the operating rights of the Hung Hom Tunnel will be handed over to the Hong Kong government unconditionally.
At this time, cars were still exclusive to the wealthy and were a symbol of status, status, and wealth.
Xiangjiang is such a big place, and the number of cars is really rare!
How little!
They have evaluated that based on the current car ownership, it will take more than ten years to fully recover their large investment.
They only have 40 years of operating rights, and the remaining ten or twenty years are the time to make money.
After calculating this, if inflation is taken into account, they will lose money by investing in this tunnel.
After all, taking out tens of millions at this time is a considerable sum of money. If they use it to invest in real estate, they will earn more and preserve their value better.
Therefore, when Bao Yu first approached these Chinese businessmen to discuss the tunnel project, almost all of them refused to invest.
Even those foreign companies that are eager to rob people's livelihood projects are dismissive of the Hung Hom Tunnel project.
Businessmen pursue profits!
Only fools will do business that makes no money!
This shows how many people are not optimistic about this project at this time.
There was no other way. In order for this tunnel project to start smoothly, Bao Yugang had to find a few of his friends and made a promise:
"Before this tunnel is completed and put into use, if you are still not optimistic about this project, then I will take all your investment shares and compensate you for the interest on the money you invested!"
With great difficulty, he persuaded several people to invest and support him in starting the construction of this project.
However, only two months after construction started, these people started asking him to recover their investment funds.
This made Bao Yugang feel uncomfortable!
If it drags on for another year or two, he can still rely on the fleet's income to make up part of it.
How long has it been since the start of work?
But since you have made a promise, you must fulfill it!
Bao Yugang is a person who attaches great importance to credibility.
He had no choice but to return all the profits to them and find another way.
He also approached foreign banks and wanted a loan, but none of them were optimistic about his project.
The Chinese Commercial Bank is a relatively small bank.
Among these banks, there is only one Dongsheng Bank, which may or may not be able to produce 100 million yuan.
He tried to contact Dongsheng Bank a few days ago, but they didn't respond.
Come to think of it, I'm not optimistic about this project and wouldn't dare to lend it to him!
"Oh! More than 100 million! Where can we raise this money?"
"Are you really going to sell the boat?"
"No! Isn't this self-destructive!~~~"
At this moment, Bao Yugang was at his wits end!
If the funding problem cannot be solved in time, the entire tunnel project will be in trouble soon.
If one thing goes wrong, it will be unfinished, and all the money invested in the early stage will be wasted.
"Ding bell, ding bell~~~"
While he was frowning in thought, the phone on his desk suddenly rang rapidly.
Bao Yugang reached out and picked up the phone: "Hello!"
A soft voice came from the microphone: "Hello, Director Bao! I am Shi Xingyue from Dongsheng Bank."
"Oh! It's hour! Hello! Hello!"
"Director Bao! That's it. Regarding your request for a loan, I reported to our chairman. The chairman wants to talk to you in person. I wonder if it would be convenient for you to meet with our chairman?"
Bao Yugang secretly said: "The chairman of Dongsheng Industrial is a figure who sees the beginning but never the end. He wants to see me? Is there hope for a loan?"
With his mind spinning, Bao Yugang hurriedly said: "Convenient! Convenient! Hours! When is your chairman free?"
Jia Weidong made an "OK" gesture to Shi Xingyue.
Shi Xingyue understood instantly: "Director Bao! Our chairman is having a meeting in the company and will be free in half an hour."
Half an hour is exactly the time it takes for the Charter King to arrive at the Chinese Bank.
Jia Weidong gave Shi Xingyue a thumbs up.
"Okay! I'll go see your chairman on time in half an hour!"
After putting down the phone, Bao Yugang hurried out of the office and told the driver: "Quick! Prepare a car! Go to Chinatown!"
……
After half an hour.
Under the guidance of Shi Xingyue, Bao Yugang successfully met Jia Dong, who had never seen the dragon.
Jia Weidong also met the legendary charter king.
"Hello! Jia Dong!"
"Dr. Bao! Hello!"
"Oh! Dong Jia is really young and promising!"
"Wherever, Director Bao is the role model that our generation should learn from!"
"."
"."
After the two old Jianghu friends met and exchanged gossip, Bao Yugang cut the conversation to the main topic at the right time:
"Dr. Jia! You also know that I am raising a batch of funds recently. I wonder what you think when you see me today?"
Jia Weidong said calmly: "Dr. Bao! Before we talk about this loan, I want to ask you two simple questions."
"Dr. Jia! Please speak!"
"Dr. Bao! First, as far as I know, almost everyone is not optimistic about the Hung Hom Tunnel project. I want to know, Dong Bao, why are you keen on this project?"
"Dr. Jia! Whether you believe it or not, the reason why I want to invest in the tunnel project is not just to make money. I want to promote the development of Xiangjiang."
Jia Weidong nodded secretly.
He feels that the statement of "Charter King" does have a certain degree of credibility.
Because investing more than 3 million at this time is not a small amount of money.
In 72, when Richest Man Li's Yangtze River Group was listed, its market value was only over million.
In other words, the money the charter king invested in this tunnel can be used to acquire two Yangtze River Groups.
With such a large sum of money, what shouldn’t be invested?
Isn’t it profitable to invest in real estate?
He is not Jia Weidong and knows the future development trend of Xiangjiang.
Bao Yugang invested in building the tunnel, perhaps because he really hoped to promote the development of Xiangjiang society!
later! Charter King has indeed made a lot of contributions to the mainland!
This is really worthy of admiration!
"Second question, Director Bao! Do you just want a loan?"
"Isn't Director Bao unwilling to accept investment?"
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