Reborn Tycoon Rise

"Director Song, welcome." Xu Zhi said with a smile in the Heshi Building office.

"Mr. Xu, this is Xiangjiang. I am not the director. I am just the manager of China Resources Group's branch in Xiangjiang." The visitor also smiled politely.

"Haha, please take a seat, Mr. Song." Xu Zhi said with a smile. The person coming was none other than Song Jianzhong, the general manager of China Resources Group's Xiangjiang branch and the person in charge of Weicheng Company.

"Thank you very much." Song Jianzhong said with a smile.

Xu Zhi asked: "What does Mr. Song drink? Tea or coffee?"

Song Jianzhong said: "Tea."

Xu Zhi nodded, and the secretary immediately went to prepare.

"Xu Sheng, I came here today to discuss the Weicheng Company with you." Song Jianzhong paused and said, "You and I have been discussing it for a long time. I don't know if we can end this matter today."

Weicheng Company is the owner of 4.83 square kilometers of land in Tianshuiwei. Currently, China Resources Group holds 51% of the shares and Evergrande Group holds 49%.

Tin Shui Wai is located in the New Territories of Hong Kong, across the sea from Shekou in Shenhai City. Before 1979, it was a land of farmland and fish ponds, and the main residents were local farmers and fishermen.

In March 1979, benefiting from the mainland's reform and opening up, Xiangjiang's future was promising. At that time, most of the people in Hong Kong were gathered on Hong Kong Island and the Kowloon Peninsula, with a population of nearly 5 million in a small area.

Therefore, the British Hong Kong government decided to develop the New Territories, and finally selected Tin Shui Wai, planning to build a "satellite city" here. The first three developers were Li Ka-shing, Wu Yingbin and the Chinese-owned China Resources Group, of which China Resources held 51% of the shares. If it had originally If this plan can be completed, China Resources Group will be the biggest beneficiary.

China Resources Group was established in the 1930s, and its branch in Hong Kong has been engaged in trading. Most of the people in Hong Kong get their food and other daily necessities from the mainland. This area is monopolized by China Resources. In terms of profits alone, , there are only a handful of companies in Xiangjiang that can surpass China Resources.

However, China Resources is a state-owned enterprise, and most of its profits must be handed over to the state treasury. In the 1970s, the real estate market in Xiangjiang was booming, and China Resources was also jealous of the profits of real estate. However, it did not dare to officially enter the real estate industry until after the reform and opening up, and this first battle won Nearly 5 square kilometers of land.

According to China Resources' original plan, the development of the entire Tin Shui Wai project spanned 20 years, with an investment of more than HK$20 billion to build a new town that can accommodate more than 500,000 people. If this plan succeeds, China Resources Group will become the largest in Hong Kong. of landowners.

However, just when China Resources was preparing to make a big splash in the real estate field in Xiangjiang, Shenhai City next door to Xiangjiang put forward an application for China Resources Group to invest in Shenhai City.

Shenhai City is an important chess piece in the mainland's reform and opening up, and the central government's senior officials also agree with this. Even though the top management of China Resources went to the capital to describe the future of the "Tin Shui Wai Development Plan", the central government was more concerned with political factors. Therefore, China Resources' funds were mobilized to invest in deep-sea infrastructure projects, but the Tin Shui Wai project simply did not have enough funds to start.

Although there is no money, the most important thing about real estate in Xiangjiang is the land. Having no money is not important. Just get a loan from the bank. However, the biggest problem in Tin Shui Wai is the political issue.

At this moment, Sino-British negotiations on the future of Hong Kong have not yet begun. Many people are not optimistic about the development prospects of the New Territories. They are worried that all investments will be reduced to ashes by 1997. Therefore, China Resources cannot find a joint venture partner, and banks naturally cannot Refuse to lend money.

Although a few small-scale real estate projects were tried out, the public's enthusiasm was too low. Even the real estate speculators, after realizing that there was no future here, left at their own peril.

Evergrande Group has invested in Weicheng Company for 49% of the shares more than a year ago, with a proportional capital injection of HK$20 million. All subsequent real estate developments are operated by China Resources. However, at the beginning of this year, due to losses on several projects , the funds were exhausted, Evergrande refused to inject more capital, and China Resources was also short of money, so Weicheng Company fell into serious difficulties.

Xu Zhi nodded and said: "The current situation of Weicheng Company is that it is unable to develop the land in Tianshuiwei. The fundamental reason for this is not a lack of money or the traffic problems in Tianshuiwei. Even if we continue to invest money, the residential and commercial buildings we build will not be able to develop." If it can't be sold, this kind of investment doesn't make any sense. Song Sheng should know this better than me."

Although the transportation cost in Tin Shui Wai is a bit high, after all, the cost of land is low, and it is impossible for no one to want the houses built. You must know that the properties in the neighboring city of Sham Hai are all snapped up by people in Xiangjiang. Going to Tin Shui Wai is always more convenient than going to Sham Hoi City!

The fundamental reason why houses cannot be sold is still due to political reasons. Now the Hong Kong media has begun to pay attention to the issue of lease terms in the New Territories. If this problem is not solved, who will dare to come to Tin Shui Wai to buy a house?

"Xu Sheng is right, but Weicheng Company's funds have been exhausted, so we can't just leave it there and ignore it." Song Jianzhong said helplessly: "When Weicheng Company won this land, the Hong Kong government also We signed a series of development conditions, but now we can’t develop it for a long time. It is said that there are many voices within the Hong Kong government asking to take back this land.”

"What do you think, Mr. Song?" Xu Zhi nodded and asked. Song Jianzhong's worry is actually right. The Hong Kong government does intend to take back this land. If according to a normal commercial contract, the government gives you the land and you are unable to develop it, then This land will be forcibly taken back.

However, because of China Resources' background, the Hong Kong government actually gave sufficient compensation, HK$2.258 billion. This is when the Hong Kong government will take back the entire Tin Shui Wai land in the middle of next year, and at the same time, it will pay HK$800 million for 38 hectares of land that is in a better location and is easier to develop. Sold back to Weicheng Company.

In the original history, this land was finally acquired by Li Jiacheng. In the 1990s, he developed "Kingwood Villas", the largest walled village in Hong Kong, with profits exceeding 10 billion Hong Kong dollars.

With just 38 hectares, Lao Li made a profit of tens of billions. If he could now acquire nearly 500 hectares of land in Tin Shui Wai, what kind of profit would this be in the 1990s?

Song Jianzhong shook his head and said: "I don't have any good ideas, so I asked Mr. Xu for advice. After all, Mr. Xu, you are also a shareholder of Weicheng."

Xu Zhi thought for a while and said, "Mr. Song, if China Resources feels that the Tianshuiwei project cannot proceed, why not sell the shares to Evergrande? What do you think?"

"Mr. Xu, do you want to acquire the entire Weicheng company?" Song Jianzhong also understood.

Xu Zhi nodded and said: "Yes, since China Resources cannot develop this project, I can buy the remaining shares at a high price."

Song Jianzhong pondered for a moment and said, "Mr. Xu, even if you acquire the entire Wei City, you still won't be able to develop the land in Tianshuiwei! And the Hong Kong government may take back this land at any time."

Xu Zhi said with a smile: "I am betting on the future. As for the negotiations with the Hong Kong government, Mr. Song does not need to worry about this. After the acquisition, all this has nothing to do with China Resources Group."

"If Mr. Xu really means this, I will contact my superiors after I return. If the superiors agree, I will come to visit you again." Song Jianzhong said formally.

"No problem." Xu Zhi said with a smile: "600 million Hong Kong dollars, this is my offer. I hope Mr. Song and the senior management of China Resources Group can seriously consider this offer."

Although Tin Shui Wai was later acquired by the Hong Kong government for HK$2.258 billion in 1982, land prices had actually begun to fall at that time. In order to make good relations with the mainland, the British Hong Kong government deliberately raised the price for acquisition.

Now Evergrande has proposed HK$600 million to acquire 51% of the equity of Weicheng Company, and the price is already very reasonable.

…

"Dong dong dong..."

"Come in."

"Xu Sheng, the funds for the purchase of the Hilton Hotel from Land and Carnegie have arrived. What should we do with the funds?" Ma Shimin reported after coming in.

"2.5 billion Hong Kong dollars. If I had known this, I wouldn't have bothered to raise money in the stock market." Xu Zhi smiled and said: "Let's do this, you can mobilize another few hundred million from Hutchison Whampoa's account to raise 3 billion Hong Kong dollars. Then convert it into US dollars, and then go to the United States to buy shares of some companies. I will give you the list of companies in a few days."

"Is it risky to continue investing in U.S. stocks?" Ma Shimin asked. Hutchison Whampoa had previously raised HK$3 billion to invest in General Electric, so investing in U.S. stocks this time made him a little worried.

Xu Zhi smiled and said: "I'm more worried about leaving the money in Xiangjiang now, just do as I ask.

By the way, which bank provided the loan to Landscape? "

"Standard Chartered Bank." Ma Shimin replied.

"Standard Chartered Bank?" Xu Zhi smiled and said softly: "It's getting more and more interesting."