The rise of Hong Kong's wealthy families

October 26

He Jiahao carefully reviewed the assets of Huamei Real Estate and prepared to take over Huamei Real Estate.

Huamei Real Estate Company has a 24-story Anqing Building in Causeway Bay, with a rentable area of ​​more than 230,000 square feet; it owns a one-story office building in Central, with a rentable area of ​​16,500 square feet; three offices on Hau Fuk Street in Tsim Sha Tsui are about 1,000 square feet. There are a 1,500-square-foot shop on Kimberley Street; two industrial buildings in North Point, with 14 and 13 floors respectively; 24 luxury homes on Old Peak Road; and a 21,000-square-foot industrial land in Ngau Tau Kok.

Total assets are around 150 million to 200 million, liabilities are 70 million, and the debt ratio is close to 50%. It is a relatively high-quality real estate company.

According to Ho's plan, selling all the luxury houses on Old Peak Road would be enough to pay off the debt, and then sell the two industrial buildings in North Point for dividends.

In this way, it can not only win the hearts of shareholders, but also successfully repay the 25 million borrowed.

Yesterday, Standard Chartered Bank called and said that all 25 million had been purchased for 28% of the shares of Huamei Real Estate Company. He Jiahao now holds 68.2857% of the shares of Huamei Real Estate Company and has become the absolute controlling shareholder.

Cackling! !

There was a knock on the door, and Huo Jianning walked in and said, "Boss, it's time."

"Okay, have you brought all the information?" He Jiahao picked up his suit jacket and asked casually.

"We are all here. Lawyer Chen Ran is also waiting at Huamei Real Estate Company." Huo Jianning replied respectfully. Now he admired his boss very much. He controlled a listed company with assets of 200 million yuan for just tens of millions.

"Well, let's go." He Jiahao put on his suit and left the office.

Huamei Real Estate Company Headquarters Anqing Building

The previous largest shareholder of Huamei Real Estate was a middle-aged man named Li Zhanhua, accounting for 27% of the total share capital, so this time he still takes the lead.

"Dear directors, the board of directors is convened today because Mr. He Jiahao holds 68.2857% of the shares of Huamei Real Estate Company and has become the largest shareholder of Huamei Real Estate Company. At the same time, Mr. He Jiahao proposed to re-elect the chairman. Let's start voting now and agree to Mr. He Jiahao becoming a director. If you are tall, please raise your hand." Li Zhanhua said solemnly.

It’s really frustrating. I accidentally lost my listed company.

So all the directors, including Li Zhanhua, raised their hands.

Even if no one votes against it, Ho's 68.2857% shares already have one-vote veto power.

At this time, all the directors were very sensible and sold their favors to He Jiahao.

"Okay, unanimously approved. Congratulations to He Sheng for becoming the chairman of Huamei Real Estate Company." Li Zhanhua announced.

He Jiahao shook hands with Li Zhanhua and then sat on the main seat.

"Dear directors, the situation of Huamei Real Estate is not optimistic. A large amount of profits have been swallowed up by bank interest. I suggest that all the luxury houses on Old Peak Road in Central and the two industrial buildings in North Point be sold to pay off debts, and the remaining money should be distributed as dividends to shareholders." He Jiahao put his hands on the long table, paying attention to the expressions of all the directors. When he saw that they were hesitating, he added, "At the same time, my subsidiary Manulife Development Company will cooperate with Huamei Real Estate to develop the land in Ngau Tau Kok. What do you think?"

Some small shareholders suddenly smiled and flattered, "The chairman is brave. First he became the company's major shareholder, and now he sells properties to pay off debts to help the company tide over difficulties. It should be possible to make a lot of money by developing the Ngau Tau Kok land. It seems that Huamei Real Estate We’re about to get back on track.”

He Jiahao smiled slightly and said politely, "I also have a share in Huamei Real Estate. It should be so."

These people clearly know that the current situation of Huamei Real Estate is not good, and they are afraid that they will lose even the money they invested.

Businessmen all follow the principle of "stop losses in time".

However, there are also people who want to sing the opposite tune, such as Li Zhanhua.

"Chairman, real estate is picking up and appreciating now. Selling properties now will undoubtedly harm the company's interests. I hope Chairman will think twice." Li Zhanhua retorted with a sullen face. He knew He Jiahao's thoughts and wanted to use Huamei Real Estate Company's property sales to get dividends. Give yourself a loan to quickly fill the acquisition of Huamei Real Estate.

"It is true that as Director Li Zhanhua said, real estate is recovering and appreciating. However, if the properties are not sold, where will the funds come from to repay the loan? Do all directors hope not to pay dividends in recent years? Do they want the company to pay off the loan in five years? "He Jiahao didn't give Li Zhanhua any face. You haven't paid dividends for three years. He really doesn't believe that these shareholders don't want to pay dividends.

"I think selling properties to repay loans is a good plan, and I agree." The somewhat wretched-looking shareholder looked at He Jiahao flatteringly and agreed.

The directors thought for a long time before agreeing one after another.

This is rebirth after a broken arm, and of course hesitation is required.

However, agreeing is their only choice. Huamei Real Estate Company is not the only company for most directors. They also want to make money to purchase property and land and make a lot of money.

When Li Zhanhua was the chairman, he could still suppress them. Now that He Jiahao can speak out, who is still afraid of Li Zhanhua?

"I propose that Mr. Huo Jianning be the executive director and general manager of Huamei Real Estate and help me manage the company. Let's start voting now." He Jiahao glanced at Li Zhanhua, his eyes flashing with sharp light.

So everyone except Li Zhanhua agreed.

Later, He Jiahao continued to put forward several practical suggestions, all of which were adopted.

Office of the Chairman

He Jiahao and Huo Jianning were both sitting on the sofa, talking about the situation of Huamei Real Estate.

"Control the finance department first, and slowly clean up the rest of the departments. Those who want to join us and those who meet the standard of ability can be inspected and used. I will fire all the related households without taking into account Li Zhanhua's face. This guy is doing this and that on the board of directors, no matter what Just to prove his sense of existence, let all his people disappear in Huamei Real Estate." He Jiahao said it in a very unpleasant way, but no boss is willing to keep the confidants of the previous boss.

"Okay, I will deal with it immediately. However, Huamei Real Estate seems to have signs of misappropriation of funds. Do we need to continue to investigate?" Huo Jianning asked the most difficult question.

"Have you made it up yet?"

"It's been made up, but the evidence can still be found." Huo Jianning suspected that Li Zhanhua had embezzled it, and wanted to ask if he needed to deal with Li Zhanhua.

"Talk to Li Zhanhua about this matter and ask him to take away all his people, otherwise he will go to Stanley to celebrate his birthday."

Misappropriation of company funds will result in legal liability.

"Well, I'll go talk to him." Huo Jianning nodded, and then took out another document and handed it to He Jiahao, saying, "This is the vacancy rate of industrial buildings across Hong Kong. I'm afraid it will take 2 years to recover. 73 In the current state of the year, the appreciation of industrial buildings will not be very good.”

"The issue of reform and opening up has been discussed in the north. The land in Xiangjiang is much more expensive than in the north. We are most afraid that factories in Xiangjiang will move there, and the industrial buildings will suffer heavy losses." He Jiahao analyzed.

In fact, this is the reality of the future.

"The boss means that we have to significantly reduce investment in industrial buildings? But the current industrial building market is very good." Huo Jianning is still unwilling to let go of the industrial building.

"We can acquire industrial buildings in good locations, but we should not focus on acquiring industrial buildings. We should focus on residential land, land and properties in Tsim Sha Tsui, and land exchange rights in the New Territories."

"Okay, I will implement this plan seriously." Huo Jianning said.

Now He Jiahao wishes he had tens of billions to buy and then buy in Tsim Sha Tsui and become the overlord of the prosperous area of ​​Tsim Sha Tsui.

It's a pity that he doesn't even have a few hundred million.