Reborn Tycoon Rise

"Thanks to Xu Sheng for giving in!" Bao Fuda said lightly. Although he obtained the land, the budget was much higher than before. If it weren't for the person in front of him, Land would definitely save several hundred million Hong Kong dollars in this auction.

But this is just normal business competition. During a real estate auction, no matter how good the relationship is between two people, they may become jealous, but after the auction, they must laugh away their grudges, because this is the rule of the business world. Even if they have resentment, they cannot Show it or you'll be everyone's joke.

However, this piece of land, Bao Fuda, is also bound to be acquired. Land owns ten buildings in Central. As early as ten years ago, it has been planning to connect these buildings with sky bridges. The land of China-Pakistan Terminal is an important part of it. It's not perfect if it's missing.

"Haha, it still can't compare to Land's wealth." Xu Zhi smiled and said: "With this piece of land, Land can really make all the difference in Central. I just heard that things at the Hilton Hotel don't seem to be going very well recently?"

"Thank you Xu Sheng for your concern. It's just some minor problems and they have been almost solved." Bao Fuda replied with a frown.

It has been almost half a year since Land and Carin jointly purchased the Hilton Hotel property from Hutchison Whampoa Company, but they never imagined that demolishing a hotel would encounter so many troubles.

Hilton Hotel is naturally unwilling to give up such a cornucopia. According to the agreement between Hutchison Whampoa and Hilton Hotel, if the hotel management agreement was breached, the hotel management agreement would require compensation of HK$330 million. This is not a small amount of money. Land and Carnegie hired a team of lawyers who worked hard. After thinking about it, we found many breaches of contract by the Hilton Hotel, and the two parties fought several lawsuits in the Xiangjiang High Court.

Because it involved overseas companies, the lawsuit lasted for three full months and became a hot topic in the Hong Kong media. In the end, Hilton Hotels paid HK$230 million and withdrew from the Hong Kong market.

However, just when Bao Fuda and Chen Songqing were preparing to demolish the hotel, they discovered that there was another problem. Before leaving, the Hilton Hotel signed long-term cooperation agreements with several "large overseas travel agencies" that they had never heard of. These travel agencies because With a legal contract in hand, he also went to court with Real Estate.

At the same time, the Hilton Hotel has a group of long-term guests from Japan, the United States, Europe, South Asia, and Africa. These people are unwilling to leave no matter how much compensation they are offered.

Land and Caring are not fools. They naturally know that there must be someone behind this, but they don’t know who is behind it. Without evidence, they can only solve these problems one by one through legal procedures.

Finally, after spending half a year, Hilton Hotel finally laid off all hotel employees and resolved the conflicts with overseas travel agencies and long-term hotel customers. However, at this time, the real estate industry had begun to slump and house prices began to fall.

"I wonder when the hotel will be blasted? I have to go and visit such a grand event." Xu Zhi smiled and said, in Xiangjiang, blasting is also used when demolishing many old buildings, but these are basically They are some old residential buildings or office buildings with about ten floors, and the Hilton Hotel building was once a landmark building in Xiangjiang. Blasting and demolition of this scale is rare even in Xiangjiang where housing prices are now crazy.

"It is estimated that it will be next month. The details will still be decided by the Hong Kong government." Bao Fuda replied.

"Okay, don't forget to notify me then." Xu Zhi nodded and smiled. The Hilton Building is located in a prime location in Central. If the Central Building is blasted, all surrounding buildings must be emptied. This will naturally require an administrative order from the Hong Kong government, and Because of the impact on others, Land is estimated to have to spend hundreds or even tens of millions of additional Hong Kong dollars in compensation.

"No problem." Bao Fuda agreed: "Xu Sheng, Land and Bank of East Asia have cooperated several times before, and they were very happy. I wonder if we can cooperate again on the development of the China-Pakistan land?"

"The Bank of East Asia cannot provide more than 5 billion in funds." Xu Zhi shook his head and objected. Although the current Bank of East Asia has grown rapidly due to his additional capital injection, its foundation is still too weak compared to established banks such as HSBC, Standard Chartered and Hang Seng. If it is weak, 500 billion can still be used, but 5 billion is really powerless.

Bao Fuda smiled and said: "Xu Sheng, the price of this piece of land is so high. It is estimated that no company in the whole of Hong Kong can come up with so much cash at once. The Hong Kong government's requirement is to pay it in batches. The first payment only needs 1 billion." .”

"If it's 1 billion, I can consider it, but you have to follow the rules when it comes to interest." Xu Zhi nodded.

"No problem." Bao Fuda said with a smile. Land has had too many loans over the years. Although its partner HSBC can still continue to support it, it is an iron rule in business not to put eggs in one basket.

No mature company will invest all its capital in one industry, and the same is true for loans. There will be certain risks in choosing the same bank for loans.

"Okay, in that case, after Land and the Hong Kong government complete the legal procedures for this land, you can apply for a loan with the Bank of East Asia." Xu Zhi nodded and said. He had completed some layout of the land before, and now Real Estate's application for a new loan is only an ordinary business practice, and the amount is not very large. Naturally, the Bank of East Asia team will negotiate this aspect themselves.

Bao Fuda smiled politely and said: "Okay, thank you Xu Sheng!"

…

After Bao Fuda left, Xu Zhi asked: "How many shares of Land and Jardine have we acquired during this period?"

"The Jardine Matheson Group has acquired almost 4%, while Land has almost 7%." Wang Liming replied.

Xu Zhi frowned and asked: "Should Jardine's stock price be lower? Why are there fewer acquisitions?"

The capital market in Xiangjiang has always had a business model in which small companies control large companies. For example, the total market value of the entire Jardine Matheson Group is less than half that of Land. Another example is the relationship between Cheung Kong Holdings and Hutchison Whampoa in later generations. The market value of Hutchison Whampoa It is much higher than Cheung Kong Holdings, but is controlled by the latter. This is a capital operation method that can ensure that the most assets are controlled with the least funds.

Wang Liming explained: "Chairman, many shareholders of Jardine Matheson Group are companies or institutions located in the UK, and there are not many shares circulating on the stock market.

As for real estate, due to the continuous expansion over the past century, especially the forced acquisition of the milk company eight years ago by exchanging shares for shares, this has also resulted in a large number of floating stocks in the market. "

"Okay, let's continue the acquisition." Xu Zhi smiled, looked around again, and said, "Go back!"