The rise of Hong Kong's wealthy families

Chen Songqing is really a contradictory person. You say he is the number one liar in Xiangjiang, but it is not very appropriate, because in the end, this guy still wants to save Jianing Group. If you say he is not, he has created another shocking scam.

Why did He Jiahao give him advice?

In fact, He Jiahao thought that no matter what he said, it was just a little advance. If he didn't sell this favor, Chen Songqing would be a good boy?

Obviously not.

Just like when the crisis of 1973 came, relevant institutions reminded investors to be careful about the stock market crash, but no one was willing to believe it. Therefore, it is better to be as selfish as everyone thinks, and life will be easier.

In this era, it is not possible to develop in a disciplined manner, but it is also impossible to always take shortcuts.

Soon, He Jiahao called Qin Haiming and asked him to collect information on listed companies in difficulty in Hong Kong. The information must be detailed.

His attention was attracted by another thing - a supermarket, a department store, a specialty store, a store.

These four types of stores can all be classified into one category, which is retail.

Since RB Department Store entered the Hong Kong market in the 1970s, competition among department stores has been fierce, which has affected the retail business in remote areas of the New Territories. Currently, RB Department Store has occupied about 50% of the market. You must know that this has only been five or six years. time.

The leaders of Xiangjiang's retail industry are Wellcome, a subsidiary of Jardine Matheson, and Parknshop Supermarket, a subsidiary of Hepu International. Other old department stores have gone bankrupt or are struggling to survive, such as Wing On Department Store, which is one of the representatives.

He Jiahao naturally wanted to enter the gold industry, but he did not have huge financial support.

"Huh? Convenience store? Franchise?" He suddenly remembered the name. Currently, there is no convenience store in Xiangjiang.

After a while, He Jiahao still shook his head and abandoned this business. Today's retail industry is very fierce. If you intervene rashly, even if the funds can keep up, the supply of goods will most likely be cut off by others. In that case, the convenience store will collapse and lose money. That's for sure.

Nowadays, we need a relatively stable development. The acquisition of Towngas requires a lot of funds, and the shell business also requires tens of millions of cash. Therefore, the convenience store issue can only be postponed, at least until 1982.

Yunzhimeng Office

Cackling! !

There was a knock on the door.

The person who came in was Deputy General Manager Lin Han, with a hint of excitement on his face.

"Boss, the acquisition of "Tiantian Daily" was successful, and it only cost 680,000."

At present, the sales volume of "Tian Tian Daily" is only 110,000 copies, and it is not very profitable. The annual profit is about 20,000 to 30,000 yuan. Compared with "Ming Pao", "Tian Tian Daily" is very vulgar, but it is precisely because of its "vulgarity" that its sales volume is Hope to surpass "Ming Pao".

And daily newspapers like this may go downhill in a few years, which is why they are sold so cheaply.

Of course, Ho does not look at whether the daily newspaper makes money, but only looks at influence and sales, because he needs to master some mouthpieces in Hong Kong to expand his personal influence.

"Okay, after the acquisition, we will keep it the same as before and expand sales." He Jiahao glanced at Lin Han, then lowered his head and continued to process the documents.

"Yes." Lin Han was a little frustrated. It turned out that the boss didn't care much about the daily newspaper.

Daily newspapers have become a sunset industry, but they are still one of the main sources of information today. And with this thing in hand, everyone has to worry about He Jiahao, otherwise it will be no different from Jinyi Night Walk.

"Boss, I have collected a lot of things."

After Lin Han left, Qin Haiming slipped in, holding a pile of documents in his hands.

"How many companies are there here?" He Jiahao frowned when he saw the half-meter-high document. Could this guy be smarter and screen them first?

"Not many, eighteen companies, these are some of the ones I selected, including 7 real estate companies and 2 food companies." Qin Haiming carefully placed the documents on the table and introduced to He Jiahao while breathing heavily.

The first information that He Jiahao got was a company called Paramount. It started out as a restaurant business and went public in 1972. The chairman, Xu Tianyou, was a 45-year-old middle-aged man. After going public, he saw that the real estate market was booming. , Xu Tianyou could no longer bear the huge profits in the real estate industry. After all, most people were investing in real estate at that time, so he was also crazy. He used restaurants as mortgages and loan investments. Before the economic crisis in 1973, the net output of Paramount was as high as 200 million. Hong Kong dollars, market value 300 million.

Unfortunately, after the real estate crash, Paramount Company could barely maintain operations. Therefore, Chairman Xu Tianyou wanted to sell Paramount, but no one took over.

The second information is that of First City Company, which mainly operates hotels. It owns 13 hotels in Kowloon and also operates a 9-story hotel in Wan Chai with 119 rooms, a floor area of ​​1.2 square feet and an area of ​​​​1.2 square feet. It is 19,000 square feet. Due to the economic crisis in 1973, the 22,000 square feet of land purchased in Central has been left unoccupied. However, the stock price on the stock market is 1.8 yuan, the market value is 130 million, and the net asset value is close to 270 million. A really good quality company.

The seventh information is about a company called New Era Real Estate. It was founded in 1968 and went public in 1973. At that time, it raised HK$32 million. It was a real estate company listed in the same period as the "Five Tigers of Chinese Real Estate". Before the listing, this company The development momentum is very strong. It owns many pieces of land in Yau Tong, Lam Tin and Kowloon Bay, five industrial buildings in North Point, and four rental properties in Jordan, East Tsim Sha Tsui. When it was first listed, it spent huge sums of money to acquire Queen's Road Central and Central After renting shopping malls and office buildings on Bailey Street, after the economic crisis, the real estate market fell into a low ebb. Under the harsh environment, New Era Real Estate could not survive alone. It suffered serious losses in performance and is now in danger of bankruptcy.

As of 1977, New Era Real Estate Company has responded to the economic crisis and has sold many properties. The cumulative loss has exceeded 120 million. The current asset value is 200 million, but external liabilities have reached 140 million. The debt ratio is as high as 70%, and capital turnover difficulties have arisen. .

The eighth information is Weiyi Real Estate Company

The ninth information is Yiren Real Estate Company

The eleventh information is Gide Real Estate Company

By the time He Jiahao finished reading this information, more than two hours had passed. He was very interested in First City Company because this company had a large number of hotel businesses and held land in Central. The company was also very high-quality, with New Era Real Estate and Paramount is also very good. As for other companies, they can sell their properties to Huamei Real Estate Company and then to other companies that need to be listed.

He has a plan in mind. He will first take full control of these companies, then inject capital, transfer very high-quality properties to his companies, and then reorganize and resell them. It is no longer a problem for a company to earn tens of millions.

Zhan Peizhong did this in his previous life and made huge profits, becoming a popular stock expert in Hong Kong.

The methods that were used on the streets in later generations are innovative methods and profitable tools in this era.