The rise of Hong Kong's wealthy families

Early October

He Jiahao launched the privatization of Qingzhou Ying Cement Company and convened all shareholders for a shareholders' meeting.

"Everyone, today's topic is about the privatization of Qingzhou Ying Cement Company. Manulife Development Company has decided to acquire everyone's shares at a premium of 20%."

Now is a good time to privatize Qingzhou Ying Cement Company. Although the stock price of Qingzhou Ying Cement Company has not fallen much, many shareholders have stocks or real estate speculation business and are in urgent need of some cash to support them. Of course, some people hope to get more .

"He Sheng, the stock price has dropped by about 10% from last month. Even if the premium is 20%, it is just the price of last month, which is not very attractive to us." A shareholder holding a pipe stood up and said.

He Jiahao smiled, and had already greeted the person's family in his heart, and said, "What you said makes sense, but today's market will get worse and worse. This time is not the best, nor is it the worst." , and the company has a debt problem of more than 50 million yuan. If the local market is not good, cement sales will be seriously affected and may lead to liquidation. At that time, it will be more conducive for me to privatize."

Sitting to the right of He Jiahao is Huo Jianning, the boss of Hutchison Group. 32% of the Kane family's shares have been sold to Hutchison Group, which means that He Jiahao directly and indirectly controls more than 75% of the shares of Qingzhou Ying Cement Company.

The reason why He is so polite to these small shareholders is because He Jiahao does not want to leave a bad reputation in this privatization.

As soon as these words came out, the shareholders knew very well that if they didn't sell at this time, the price would be even lower in the future. If He Jiahao really waited for the company to be liquidated, they would get nothing because the company's stock was about to become garbage.

"Doesn't the company still have 800,000 square feet of land in Hung Hom? That's worth more than one billion." Another small shareholder asked, with resentment in his eyes. He may have felt that He Jiahao wanted to swallow him up at a low price. Benefits.

So, all the shareholders looked at He Jiahao, wanting to hear an explanation.

"The question raised by this shareholder should be what all shareholders want to know." He Jiahao was certainly prepared, "I think many shareholders are doing business in the real estate industry. You are very aware of the current situation of real estate. Land prices are high. It is only a matter of time before the collapse comes. The subway station in Hung Hom is under construction. Although the land area is large, it is not impossible for it to fall to dozens of yuan per square foot. By then, this land will not be enough to repay the debt."

Some shareholders who knew the situation in the local market were so frightened that He Jiahao might be trying to scare them. In fact, they already had some guesses about the situation, but they were not sure or simply deceived themselves.

"He Sheng, will the local market really plummet like in 1973?" A shareholder took the opportunity to ask He Jiahao, a real estate tycoon.

He Jiahao laughed and said, "It's better to get rid of the property and land as soon as possible. The truth is to have money in hand."

Wow! !

The expressions of most shareholders changed drastically, as if someone had pinched their necks.

The straw that breaks the camel's back is always the last straw. When these people are hit where it hurts the most, they can't possibly care about anything else.

"He Sheng, two makes two percent, I'll sell it to you."

There are constant ups and downs of similar words, and only a few people are unwilling to do so, but it has nothing to do with the overall situation.

Office of the Chairman

Huo Jianning sat on the sofa, took a sip of coffee, and said with a smile, "Congratulations to the boss on the successful privatization of Qingzhou Yingni!"

"What is there to congratulate? This is just expected. Most shareholders are engaged in real estate-related businesses, which have the greatest impact. The key is to understand the market situation. If you scare them, they will naturally obey." He Jiahao laughed. smiled.

"Will the city market really plummet?" Huo Jianning asked seriously. He didn't believe that the city market that was in full swing some time ago would fall like a domino with a slight push.

Huo Jianning is a very talented person, but he is also very stubborn. He no longer believes that there will be a big plunge, so how can he analyze it correctly.

"Haha!! Of course, the situation will be even worse next year. At least now, even if you don't believe in the big plunge, the property can still find a buyer." He Jiahao said to Huo Jianning, "You shouldn't have bought a lot of properties, right? "

Huo Jianning became a little embarrassed and nodded, "Actually, my wife bought some houses the year before last and wanted to wait to sell them."

He Jiahao had already told Huo Jianning to handle the real estate of Hutchison Real Estate Company, but Huo Jianning didn't believe it, and He Jiahao was dumbfounded.

"It's okay. Let's sell these properties to Manulife Development at the highest price in recent years." He Jiahao said nonchalantly.

The little money Huo Jianning invested in the city was not enough for a project of Manulife Development Company.

"That won't work. At the current price, you can still make a profit." Naturally, Huo Jianning didn't want to take advantage of the boss too much.

"Whatever you want, this year's dividends are enough for you to buy some low-priced properties." He Jiahao said.

Huo Jianning was a little embarrassed. His boss didn't believe it, and now he asked his boss to help him find out. It was really unreasonable.

In fact, the current property market price is just the market price, and it will definitely not be the selling price, because there are many properties on the market, and those buyers will naturally lower the price.

"All the shares of Qingzhou Ying Cement Company held by Hutchison Group will be sold to Manulife Development Company. It will be completed as soon as possible by the middle of the month. I will also be able to conduct the second round of land compensation negotiations with the Hong Kong government."

"Yes." Huo Jianning responded, "According to the usual practice, we should be able to save half of the land compensation fee."

Ho shook his head and said, "My goal is 70%, and it cannot exceed 200 million. How are the land compensation fees for Hutchison Group's old power plant site in North Point going?"

"The Hong Kong government has a tough attitude and is stuck at 380 million." Huo Jianning said helplessly.

"Let's talk again at the end of the year and lower the price to 120 million." He Jiahao said with a wicked smile.

Huo Jianning was embarrassed and said, "I'm afraid the Hong Kong government will not agree to such a low price."

"The prefectures and cities are plummeting, and the Hong Kong government is running a fiscal deficit. Does the Hong Kong government still have any choice?" Ho Jiahao said jokingly.

By then, the initiative has changed hands, and as long as it is not too excessive, the Hong Kong government will hold its nose and agree.

Huo Jianning suddenly realized, "What the boss said is that the Hong Kong government has always relied on the auction of official land to obtain 30% of its fiscal revenue. Now that this source of income is gone, it will naturally not be so tough."

"If Hutchison Real Estate still needs to pay land fees for any land, let's discuss it with the Hong Kong government at this time and increase some income for the Hong Kong government." He Jiahao said with a smile.

"Okay, boss!" Huo Jianning smiled happily. He was embarrassed by the Hong Kong government before. Although he can't turn his back on customers now, he can still straighten his back and negotiate.

Hutchison Real Estate has withdrawn a lot of funds, but it is mainly used for land reimbursement. It is impossible to buy many properties by bargain hunting, and He Jiahao has no intention of letting Hutchison Real Estate buy bargains on a large scale. In terms of bargain hunting, the main players are Huamei Real Estate Company and Manulife Development Corporation.

Among them, Manulife Development's bargain hunting is higher than Huamei Real Estate. After all, Manulife Development will have more than one billion in funds, while Huamei Real Estate only has a few hundred million.

However, the cash flow of Huamei Real Estate is also at the forefront of Xiangjiang Real Estate Company. It is much better than New World Development and other companies, but not as good as Huanghe Industrial. Li Jiacheng has an extremely sensitive sense of smell. Huamei Real Estate is selling properties At the same time, it was discovered that Huanghe Industrial was also on sale, but mainly in real estate. It is expected that Li Jiacheng will have no less than HK$700 million in funds available.

He Jiahao relied on bugs, while Li Jiacheng relied entirely on the businessman's judgment. Although the time was not accurate, this ability made He Jiahao envious.