The rise of Hong Kong's wealthy families

late October

Weili Real Estate Company successfully controlled Yiren Real Estate Company, accounting for 57% of the shares, becoming the largest shareholder. Yiren Real Estate Company's share price rose to 3.8 yuan, with a market value of 266 million yuan.

A few days later, after the operation of Wei Lisi's Asia Securities Company, Yiren Real Estate Co., Ltd. was officially renamed as Weili Real Estate Co., Ltd., with Ho Ka-Hao holding 28.5% of the shares and Lee Sung-luo holding 28.6%. In fact, Lee Sung-luo had already taken advantage of the market to buy stocks at low prices in advance. The private shares have exceeded 38%, and it is the largest shareholder and actual controller of Weili Real Estate Co., Ltd.

According to the agreement, the stock price was raised to 4 yuan, which seemed not to be a big problem. However, Liu Du and other shareholders were very worried. They were worried that Ho Jiahao and Lee Sung-luo had already acquired the company and might not keep the promise, and they would lose a lot of money.

In fact, Liu Du and the others just want the stock price of Weili Real Estate Co., Ltd. to continue to skyrocket, so that they can make a lot of money.

Therefore, He Jiahao also reminded Liu Du to sell when the price is 4 yuan, because the price of 4 yuan is too high for low-profit real estate. As for whether he will listen to it or not, He Jiahao doesn't know.

Sure enough, on October 23, the stock price rose to 4.1 yuan, but there seemed to be little change in the individual stocks on the stock market.

He Jiahao is not too happy about the listing of Weili Real Estate. After all, it has too many listed companies to take care of. Moreover, he is only an ordinary shareholder of Weili Real Estate Co., Ltd. and does not have much control.

After two years of development, Weili Real Estate has made great contributions to Manulife Development Company and Huamei Real Estate Company in some aspects, providing a lot of cheap land and properties for development, at least 300,000 square feet.

In the office of Hutchison Group, Ho Ka-ho read the newspaper with some fascination. There was a headline on it, "Hong Kong government will launch new town construction plan in Tai Po, Fanling/Sheung Shui, and Yuen Long areas."

The publication of this news will inevitably drive up the land prices in the above three areas, as well as the crazy land purchase by real estate developers, and the Hong Kong government can take advantage of this to make a fortune.

He Jiahao, who has God's perspective, has already reserved more than 4 million square feet of land in these areas, including more than 1 million square feet of land exchange rights, and he bought it at an absolutely low price, which is enough for Huamei Real Estate and Manulife Development to digest for five years. .

However, what needs to be snatched up still needs to be taken action. There is a lot of good land in the hands of the Hong Kong government. At the same time, it can drive up land prices in new towns, allowing its companies to make more money.

Between 1947 and 1950, many textile merchants from Magic City moved to Xiangjiang, bringing their capital with them. Now they are still opening factories in Tsuen Wan, Kowloon Bay and other areas. Land prices are now rising, and since the early 1970s, Since then, the textile industry has become increasingly sluggish. For example, Nan Fung Group has chosen to reduce the proportion of textiles and use the factory land to build residences or buildings, successfully transforming.

As for Nanhai Cotton Mill, it wasn't too late to wake up and turned to Huamei Real Estate.

Nan Hai Cotton Mill is a medium-sized textile factory located in Yuen Long, covering an area of ​​more than 100,000 square feet.

"Sheng Wang, it's rude to ask you to come to the door in person for the first time." He Jiahao held Wang Dahai, the owner of Nanhai Cotton Mill, in his hand and said with a bright smile.

"He Sheng's words are serious. He Sheng holds billions of assets in his hands and is much busier than me. I should come to visit him." Wang Dahai was very polite.

The two chatted for a few minutes before He Jiahao turned to the topic, "Wang Sheng, how do you want to cooperate?"

Wang Dahai was silent for a moment, "As you know, He Sheng, the textile industry is in recession, and Yuen Long is building a new town. The textile industry will not be allowed to operate in the town, so the Nanhai spinning mill needs to be relocated to other places. This But it’s a big expense.

I hope that Nanhai Cotton Mill will pay 10% of the land and construction fees and account for 70% of the profits. What does He Sheng think? "

This condition is very harsh. Even those land parcels owned by government departments do not have this kind of profit sharing ratio.

He Jiahao thought for a while and said, "Sheng Wang, this condition is a bit harsh. I'm afraid Huamei Real Estate will not make much profit. Let's do this. Huamei Real Estate will be responsible for all the land compensation and construction costs, and the profits will be divided 50-50."

In fact, this condition is already very good, at least there is generally no such plan on the market. In 1977, Li Ka-shing won the Admiralty Center land from Land with a profit of 49% to 51%, which was shocking enough.

What's more, Wang Dahai is just a small businessman, and his 50% to 50% profit plan can already scare many of his peers.

Wang Dahai pretended to hesitate and said, "Okay, just follow the plan He Sheng said."

"Well, then I will send someone to sign the contract tomorrow, and I will send someone to negotiate with the Hong Kong government about the land fee." He Jiahao was a little worried that Wang Dahai was not responsible for the land fee, and then he would not care about the negotiated price.

The reason why He Jiahao gave Wang Dahai such a big profit was not a simple plan.

Wang Dahai was in his fifties. He had been in the textile industry for more than twenty years and had complex interpersonal relationships. If word of the current profit sharing spreads, it is very likely that He Jiahao will bring more collaborators, and the profits will be greater. big.

There are at least fifty or sixty textile factories in the Yuen Long area. If even one tenth of the factories comes to visit, Huamei Real Estate can make a lot of money.

After sending Wang Dahai away, He Jiahao began to consider this cooperation matter.

A land of 100,000 square feet may require hundreds of millions of land supplements to build 8 buildings, and the construction fee will also cost more than 100 million. However, you can get a loan from a bank, and Huamei Real Estate only needs to provide 20%, about 60 million.

Eight residential buildings can earn 200-300 million, and Huamei Real Estate can get more than 100 million, which is a good project.

However, taking into account the increase in housing prices, you will earn more.

It is also a good development direction for Huamei Real Estate.

This is a typical case of borrowing chickens to lay eggs and eventually opening a chicken farm, but you have to consider whether you can afford the cost of raising chickens.

After a while, He Jiahao called Chen Yong.

"Boss!" Chen Yong greeted him respectfully. The boss was now his idol. He acquired a large British-owned enterprise in his twenties, which was unprecedented in the history of the world.

"Sit down!" He Jiahao nodded and said to Chen Yong, "Wang Dahai from Nanhai Cotton Mill came here just now. He and I verbally reached a cooperation agreement to develop the factory land."

Listening to the boss's statement, Chen Yong already understood the key, "I will cooperate well with Wang Dahai and let him promote us for free to bring greater profits to the company."

"Well, it's good that you understand." He Jiahao continued, "The market has been very hot recently, and we must step up the development of land. At the same time, the land exchange rights and interests must be selectively replaced with some high-quality land. The company already has a lot of land reserves. You don’t need land in a bad location to make up the numbers.”

"Yes! The land recently released by the Hong Kong government is all in the Tseung Kwan O, Fanling, and Yuen Long areas. The location is not very good, but the development prospects are very good, so a lot of land has been replaced." Chen Yong said, paying attention to the boss's face.

Ho Jiahao thought for a while, the Hong Kong government will definitely not replace the land in Hong Kong Island and Kowloon, and even places like Kowloon Bay and Kwun Tong are out of the question, so it can only be in the New Territories. However, it is a good idea to build residential buildings or shopping malls in places like Yuen Long. Not a bad choice.

"The new town has been planned and land prices in Yuen Long will rise significantly. We will try our best to replace the land in Tseung Kwan O."

A new town will be built in Tseung Kwan O in the late 1980s. The current land is very cheap, which is a good time to start. It will be used as a reserve concentration camp for Huamei Real Estate.