The rise of Hong Kong's wealthy families

Next, there is another chemical company, which is also a listed company. Because in recent years, the Hong Kong government has promoted environmental protection, but the equipment and technology of Donglin Chemical Co., Ltd. can only complete 70% of the requirements, so it has fallen into great difficulties. Now The boss left Hong Kong to avoid the company's debts.

What Ho Ka-Hao values ​​​​is that the company's factory is in Yuen Long. It owns 185,000 square feet of land for the factory. The matter of the land has been mentioned to the Hong Kong government, but the Hong Kong government refuses to change the nature of the land. Even the construction of industrial buildings has to ask the Hong Kong government. The government has to pay a land supplement fee, so it is difficult to convert this land into residential buildings. Even the cost of industrial buildings will become extremely high, leaving no one to take over this company.

However, He Jiahao is not afraid, because he knows the next development trend. By the 1990s, industrial buildings can be turned into office buildings. It is not a big problem for this land to be turned into residential buildings.

"The eleventh lot is a 38% stake in Beipu Food Co., Ltd., with a base price of 2 million yuan, and each bid will be no less than 10,000 yuan."

"Bang! The bidding starts now."

The hammer fell, but no one else had the slightest intention to raise their cards.

Seeing this, He Jiahao raised the sign and shouted "2 million!"

This made everyone look over, a little surprised that someone was willing to buy these rags.

"Mr. No. 13 bid 2 million. Is there any better bid?" the auctioneer became very excited.

"Two million for the first time!"

"Third time for 2 million!. Transaction! Congratulations to Mr. No. 13!"

Seeing that he had won Beipu Food, He Jiahao turned to look at Qian Jun beside him and said, "I want to privatize Beipu Food. Can Standard Chartered Bank help?"

Qian Jun said in surprise, "Of course, Standard Chartered Bank is happy to provide He Sheng with a privatization plan."

Hearing that Donglin Chemical Co., Ltd. started the auction, He Jiahao immediately raised the sign and said, "2 million!"

"I want to apply for bankruptcy of Donglin Chemical Co., Ltd. This company has a lot of debts, which have exceeded the limit of 50 million. I need Standard Chartered Bank to help me contact the creditor banks and pay off the debt with 10% of the debt, otherwise I will We will let Donglin Chemical go through liquidation, and there will be a limit to how much they can recover their capital." He Jiahao said expressionlessly.

Qian Jun hesitated, then agreed, "Okay, I will discuss it with the bank."

It is beneficial to privatize Beipu Food at this time. After all, privatization requires a large investment of funds. As for the debt of Beipu Food, He Jiahao plans to sell the land and properties of Beipu Food to Huamei Real Estate Company and then use the cash back If you use the funds to pay off debts, you will suffer a little loss, but not much. Compared with the profits in the future, it will naturally be nothing.

The most valuable thing about Donglin Chemical Co., Ltd. is the factory land. The 185,000-square-foot residential area can earn at least several hundred million, so the loss is not worth mentioning, and it also increases the company's land bank.

"Huamei Real Estate Company will purchase the shares of Donglin Chemical Co., Ltd. at a price of 3 cents until the acquisition reaches 51%. This would also trouble Qian Sheng to inform the creditor banks that the bankruptcy liquidation will be done after the controlling shareholder Lin Chemical. Announce again." He Jiahao further added.

This is due to the need to control Donglin Chemical. After all, the bank owns a lot of equity and will definitely oppose the bankruptcy of Donglin Chemical, because this will turn Donglin Chemical's debt into a bad debt, and the bank's losses will be relatively large. big.

Now that He Jiahao is a wealthy man, banks are naturally even more reluctant to let Donglin Chemical go bankrupt and liquidate.

"Well, don't worry He Sheng, I understand."

After the auction, He Jiahao informed Taoda Food and Huamei Real Estate to send people to Standard Chartered Bank to take over Beipu Food and Donglin Chemical.

Soon, news spread on the market that "Huamei Real Estate Company acquired Dagu Real Estate Company", causing Huamei Real Estate's stock price to rise sharply again. It has reached a price of 8 yuan, and its market value has reached 1 billion yuan, making it one of the top 20 real estate properties in Hong Kong. One of the companies, and He Jiahao himself is worth more than 1.5 billion, making him one of the richest people in Hong Kong. The most important thing is that He Jiahao is only twenty years old, and he is a target role model for the younger generation.

Of course, reporters inevitably dug into the reasons. For a time, the story of "tycoon He and the prince of Dagu Real Estate competed for beautiful women" was circulated in Hong Kong, which also justified Huamei Real Estate's acquisition of Dagu Real Estate. This was not a hostile acquisition, but revenge.

Huamei Real Estate Company

He Jiahao is having a meeting with senior executives to discuss the company's operating conditions and Donglin Chemical Co., Ltd.

"The most valuable piece of Yuen Long land of Donglin Chemical has an area of ​​185,000 square feet. It is expected to be able to build 12 residential buildings or 9 industrial buildings. However, the industrial land compensation fee is 80 million. If it is converted into a residential property, it will still need to be converted into a residential building. The Hong Kong government will discuss it," Ho said.

"Boss, I think Donglin Chemical's debt problem is very serious. Even the equipment has been mortgaged. The company has nothing of value anymore, and the factory land has been mortgaged for 5 million. This is a huge liability." Tan Zhenzhen doesn't know. Said mercilessly.

"I don't agree with Manager Tan's statement. The value of the land is enough to offset the debt and allow Huamei Real Estate to make a lot of money. This business is very good." Gao Ci said flatteringly, even if it is a loss, how can it be like this? This is a project that the boss personally won.

"I agree with Director Gao." Chen Yong naturally would not object to his boss.

So other senior officials stood by Gao Ci.

"Well, what Manager Tan said makes sense. Donglin Chemical's debts are indeed very heavy and it is on the verge of bankruptcy. When the shares exceed 51%, the creditor banks will agree to repay the debt with 10% of the original arrears. Otherwise, Donglin Chemical Chemical work bankruptcy liquidation."

He Jiahao looked around for a week and continued, "I think the bank will agree to the 10% loan repayment plan. At that time, we need to mortgage the equipment to those companies first. Gao Ci, you can tell us about the investigation."

"Yes!" Gao Ci picked up the document, glanced at it, and said eloquently, "Donglin Chemical has stopped production, and the equipment has been taken away by the bond company, and most companies have disposed of the equipment as second-hand or garbage. If we take it Those companies must not be able to provide the contract redemption equipment, so they need to compensate us, and Donglin Chemical has dozens of patents, which are now worth 6 million according to market estimates, and some of its stores are mortgaged, and we can also take them back."

After discussing the issue clearly, He Jiahao directly assigned people to them. "Manager Tan is responsible for the negotiations with banks and bond companies, Director Gao is responsible for the acquisition of stores and other properties, and Director Chen is responsible for the land."

The next day, Taoda Food Company also staged a high-level meeting. However, Beipu Food's matter was more difficult, involving privatization, so it needed the assistance of a securities company.

He Jiahao is only responsible for assigning tasks, and the rest is left to his subordinates to handle.

He had more things to do, and even Huo Jianning was busy and dizzy.

And to start playing games with Li Jiacheng, He Jiahao needs to continue to strengthen his control over his companies to avoid a fire in the backyard.