The rise of Hong Kong's wealthy families
Chapter 159 Letu Real Estate changes ownership
At the thirteenth site, the East Tsim Sha Tsui site was launched again. It was No. 63 Mody Road (now the Hershey Center shopping mall), with an area of 41,000 square feet and a starting price of NT$73 million.
Huang Tingfang and his son raised their cards frequently, as if they were determined to win this piece of land.
Ho also asked Chen Yong to call out the price twice, and stopped at the price of 90 million. Sun Hung Kai and Sino Properties were left to bid. In the end, Sino Properties won the bid at a price of 104 million yuan.
The sixteenth lot is also No. 70 Mody Road, East Tsim Sha Tsui. It covers an area of 32,000 square feet and had a starting price of NT$66 million. Sun Hung Kai bought it for NT$96 million.
The last piece of land at the auction surprised everyone. It was a 53,000-square-foot residential land on Fung Ha Road, Chai Wan, Hong Kong Island. The starting price was 53 million.
Chai Wan belongs to Hong Kong Island, but it does not have a subway, and there are only a few buses a day. It is a relatively remote area, and Feng Ha Road is close to the Muslim cemetery and mosque, which is not a good location.
But the price was cheap enough, 1,000 yuan per square foot, so several small real estate companies bid for it. After the price reached 60 million yuan, there were basically two real estate companies competing with bids of 100,000 yuan.
"Boss, although this land is not in a good location, it can build two 42-story residential buildings. If it can be covered for two or three years, when Chai Wan is connected to the subway, we should be able to earn 100 million," Chen Yong said.
He Jiahao thought about it. The company owned a lot of land, even the land next to the cemetery. It would be different until the late 1980s, so he nodded and said, "It cannot exceed 65 million."
"Yes!" Chen Yong said with some joy, the boss actually trusted me so much.
"61 million!" This price made many real estate developers stare.
When the auctioneer saw no one was bidding, he quickly dropped the hammer and said, "Third time! Deal!"
After the auction, Ho Jiahao was inevitably laughed at by Huang Tingwen. Some people even said privately, "This young tycoon finally fell down." ’
He Jiahao didn't pay much attention to it. He knew very well that the people in Xiangjiang flattered the superior and disdained the inferior. At the same time, many people only cared about the immediate interests. Otherwise, there would be no four major families in Xiangjiang.
Monday, February 25
I had a long holiday this Spring Festival. It started on the 15th and I didn’t start working until today. I had a full ten-day holiday.
However, the stock market opened after a five-day break.
The stock market continues to rise, represented by Jianing Group and Huanghe Industrial Company. Huanghe Industrial Company even issued 30 million new shares at the beginning of this year and received 450 million yuan, which it prepared to use for property acquisitions.
Lu Zhaotian, who is in charge of the hotel business of Huamei Real Estate, after failing to acquire the Furama Hotel, set his sights on downtown Kowloon, looking for a suitable area, and preparing to build a four-star or above hotel. Naturally, He Jiahao strongly supported these things.
There are four plots of land in the East Tsim Sha Tsui area. A four-star hotel and a five-star hotel will be built at 69 and 71 Mody Road. Two shopping malls and office buildings will be built at 66 and 68 Mody Road. 68 Site No. 66 will have 2 underground floors and 3 floors above ground for shops and restaurants, and the 4th to 12th floors will be office buildings.
Both hotels will be owned by the First City Company at that time, but the current First City does not have such strength, so they will be placed in the hands of the parent company Huamei Real Estate.
The Central Land owned by First City is building a four-star flagship hotel with a floor area of 300,000 square feet and a 28-storey building.
The acquisition of Dagu Real Estate has entered an intense stage, and it has begun to sell shares of Letu Real Estate Company. The Gu family company has also sold a lot of property land to withdraw funds, and its shareholding in Dagu Real Estate has reached 45%.
Liu Luanxiong was very good at seizing the opportunity. When the Gu family was tired, he quickly took action and launched an acquisition of Letu Real Estate with 31% of its shares. He planned to acquire 49% of Letu Real Estate's shares. But this time, investors did not choose to wait and see, and poured in one after another. Asia Securities Company registered the sale of shares, allowing Liu to successfully obtain 49% of the shares and become the largest shareholder of Letu Real Estate.
At this time, the Gu family realized that they wanted to report to the Securities Regulatory Commission that Huamei Real Estate and Aimeigao Company were "acting in concert". However, Liu took over Letu Real Estate with thunderous momentum, causing the Gu family's plan to fail. However, even so, the Gu family could not He didn't dare to relax at all, for he was deeply afraid that Dagu Real Estate would be successfully acquired by Huamei Real Estate.
He Jiahao ordered Tan Zhenzhen to slowly put the shares of Dagu Real Estate on the market to withdraw funds. As a result, the Gu family held more than 49% of the shares and completed control of Dagu Real Estate. At this time, Huamei Real Estate still held 18% of the shares of Dagu Real Estate. , so He Jiahao kept doing nothing and transferred the 18% shares to Letu Real Estate, asking Da Liu to keep an eye on the Gu family for him.
In the Dagu Real Estate acquisition case, although the acquisition was not successful, Huamei Real Estate Company made a profit of more than 40 million yuan, which was called an "unsuccessful acquisition case" by the outside world.
Of course, some people say that this is Ho's 'Waterloo', the second time he has stumbled on Dagu Real Estate. Some citizens even predicted that He Jiahao is likely to initiate the third acquisition of Dagu Real Estate, which has made some investors unwilling Sell the stocks and wait for He Jiahao to make another move.
"He Sheng, happy New Year!"
Liu Luanxiong was very happy to acquire Letu Real Estate as he wished, and he especially wanted to thank his backers.
"Liu Sheng, happy new year! Congratulations on acquiring Letu Real Estate and entering the real estate industry!" He Jiahao invited Liu into the office.
"Haha, we are all happy together! He Sheng also made tens of millions of profits."
"It's not much in the tens of millions, but it's a relief." He Jiahao said with a smile. He did not admit that he sniped at Dagu Real Estate. He always emphasized to the outside world that it was revenge, or that the Gu family asked for it.
It's a pity that the theatergoers didn't think it was a big deal and insisted on believing that Ho was a hostile takeover, leaving him helpless.
"When He Sheng transferred 18% of Dagu Real Estate's shares to Letu Real Estate, did he want Letu Real Estate to keep an eye on Dagu Real Estate?" Liu Luanxiong asked.
He Jiahao nodded, "That's what you mean. What does Liu Sheng mean?"
Liu Luanxiong paused, "I want to sell these shares to Aimego, and then exchange the shares of Letu Real Estate in Dagu Real Estate's hands to Aimego through a share exchange. What do you think?"
He Jiahao thought for a while and felt that this plan was a good thing for Aimeigao and Liu Luanxiong, but it felt a little wrong for Huamei Real Estate and He Jiahao.
"Don't worry, He Sheng, Aimeigao and Letu Real Estate will keep an eye on Dagu Real Estate for you." Liu Luanxiong quickly assured.
He Jiahao smiled and shook his head, "The Gu family is nothing to worry about. The most they can do is disgust me. Well, then, I agree with Liu Sheng's plan."
People are selfish. Liu Luanxiong is not the Liu Luanxiong in the late 1980s. He cannot get rid of He Jiahao's influence for the time being, so he cares about He Jiahao's opinion, otherwise he would not come here to ask.
He Jiahao never thought about controlling Liu Luan Bear, because it was a vicious wolf that wanted to eat meat, so how could it become a dog?
Now the two are just using each other. When Liu Luanxiong grows up, the two will be partners.
He had a vague feeling that Liu Luanxiong's achievements in this life would not be much lower than those in his previous life, because Liu Luanxiong came to this stage five years earlier than in his previous life, and even entered the top ten candidate chaebols in the 1990s without any problem.
The situation in Xiangjiang seems to have changed, but it also seems not to have changed.
"Thank you He Sheng!" Liu Luanxiong thanked him politely.
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