The exchange rate of the Hong Kong dollar has been maintained, but the stock and property markets have plummeted.
Donghuang Group is a listed company with two listed subsidiaries. Its operations focus on real estate, property management, and shopping malls, so it will inevitably be impacted.
The impact may not be great, nor may it be small.
Most of the current decline in the real estate industry is due to the bubble that rose crazily between 1995 and this year. Calculating the profits, the Zhao family actually still made a profit.
And the ones with the sharpest declines are often "pseudo luxury homes", which are new communities that want to become high-end residential areas, usually located in the suburbs of Hong Kong cities.
For now, Donghuang Group’s operating status is still healthy.
However, in the past two or three years, too much land has been acquired, and all of it is at high prices. This has led to bleak development prospects, which has directly fed back to the stock market.
From the high point in the first half of this year, Zhao Yimeng's family's assets have shrunk by 30%, with more than one billion Hong Kong dollars gone.
No wonder Zhao Yimeng's mother is envious when she mentions Father Su.
Sihai International cashed out in advance to avoid disaster and sold the Hong Kong City real estate in a package to the Huang family. After seeing the rapid plummet in housing prices, it continued to fall. Huang Zewen's father Huang Jinfei was recently selling properties to make money and sold the property in Hong Kong.
The office building in Sheung Wan was rented out and moved back to the casino to continue operations and laid off more than 300 people.
The performance of the Huang family obviously illustrates many problems.
Huang Zewen's father has lost his bet this time. Even with price reductions and discounts, he may not be able to find someone else to take over.
The Sihai International Building in Central still stands firmly there, and it has gone to the mainland to acquire a large piece of land, which is really enviable.
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The conversation between mother and daughter continues.
Zhao Yimeng asked: "Didn't our family also cooperate with Sihai International and hold 5% of the shares in the Pengcheng project? How is that real estate project? Have you lost money recently?"
"I heard that housing prices in the Mainland have also dropped a bit, but the price of land is cheap, and there won't be any impact on housing sales for a while, so it won't have much impact."
Her mother once again brought the topic to Su Yehao and asked: "Why are you investigating Xiaohao? Have you changed your mind and become interested in him? Among the younger generation, the boy from the Su family is already considered to be top-notch, and besides, there is only one child in his family.
A son who looks quite lovable."
"...But he is a playboy. I saw him in his tavern last night, drinking with a beautiful woman. I just heard that he made a fortune in business, so I was just a little curious. It doesn't matter whether I like her or not."
Zhao Yimeng is not a girl who is easily carried away.
Continuing to look through the information about Su Yehao, paying special attention to TAT Network Technology Company, she suddenly said to her mother:
"If I want to invest, can you give me a sum of money? I heard Su Yehao say last night that he plans to spend 100 million to develop the market. I feel that this industry has a lot of future. Let's talk to him and maybe he is willing to transfer some shares.
Tell me, online communication programs are already very popular in the UK, which proves that there is definitely a future."
"Hmm? How much do you want?"
Her mother took the document and read it. Since she didn't know much about this industry, she couldn't give Zhao Yimeng any advice.
Zhao Yimeng frowned and thought for a moment, then said: "Fifty million? I have to talk to him to find out that that guy is really hateful. He snatched the first-generation product from me. I was already optimistic about it at the time. He only spent a few dollars."
I bought it for 10,000 yuan.”
"Who told you not to persist? If you miss the opportunity, you can't blame others. But since Xiaohao is ready to invest 100 million, it means that he is also very optimistic about this project. I feel that it will not be too easy for you to cooperate with him. After all, it is not
We are short of money, and everyone knows that Sihai International can earn tens of millions in a month through financial management alone, which is several times more cash than our family."
"...Feng shui is changing. Why didn't you sell more shares some time ago?" Zhao Yimeng muttered.
Her mother smiled and said: "Who wouldn't make sarcastic remarks? It's already very dangerous now. If the shareholding ratio is lowered, it's hard to tell whether the company's surname is Zhao or not. The shareholders have been very dissatisfied recently, which made your father very angry. Originally,
It’s just the money earned from the bubble, but it’s taken away as soon as the waves recede. Who can blame you?”
Zhao Yimeng sighed and said: "That's right, that guy's family's company is not listed, and he has the final say when making decisions. How comfortable it is."
"Yes, who wouldn't envy freedom?"
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Su Yehao didn't know that Zhao Yimeng was planning TAT.
He returned to the Su family mansion to visit his second concubine. After all, they had lived together under the same roof for many years, so it was not good to avoid her all the time.
When going home.
Father Su was preparing to go out. He was wearing a shirt and a suit. He said he wanted to meet an inspection team from Zhucheng next door and talk about undertaking infrastructure projects.
Sihai International supports so many workers and always gives them holidays. If there is no income, people's hearts will disperse.
So even though he didn't make much money from the order, Mr. Su was still very interested and asked Su Yehao if he wanted to join in the fun together.
It sounded very boring, so Su Yehao decisively refused.
After staying at home for more than ten minutes, the second aunt asked him and Jiang Yu to have a meal together in the evening.
In fact, Su Yehao didn't want to eat either.
But after calling Jiang Yu, the girl agreed first, then simply agreed and prepared to finish eating before returning to the port city.
Driving a McLaren, pick up Yin Liuli and go to the pier.
I drove the Riva speedboat for a few nautical miles. The sea breeze at the end of November felt a bit cold on my body. The temperature today was only 17 degrees Celsius.
Played at the sea for an hour.
Not long after landing, I unexpectedly received a call from Zhao Yimeng.
As soon as the call was connected, Zhao Yimeng sounded dissatisfied and asked: "You make so much money, don't you know how to get a new phone? It keeps reminding you that it is not in the service area."
"I just arrived at the pier and went out on a speedboat to play. I'm really not in the service area. Could it be that I haven't seen you for so long and you started to miss me and are planning to treat me to lunch?" Su Yehao said calmly. He only ate some Yin Liuli's handmade food in the morning.
Sandwich, I'm a little hungry.
Zhao Yimeng immediately told me: "I don't miss you, don't be narcissistic. It's okay to invite you to lunch. I just have something I want to talk to you about."
Su Yehao was so confused that he had no idea what he had to talk about with her. He didn't communicate much with her when he was in school, and he cut off contact directly after graduation.
It's always a good thing to have someone to treat you to.
He said carelessly: "Okay, choose a restaurant and send me a message."
"Um."
Zhao Yimeng hung up the phone.
Su Yehao went ashore and made an appointment with the temporarily hired coach to return to the port city tonight and reminded him to fill up the speedboat with oil.
When he got into the car, he received a text message telling him to go to Chen Shengji. This restaurant is famous for its tangerine peel duck. Su Yehao and Xiao Nizi had eaten there once.
She originally planned to take Yin Liuli to the appointment, but when she learned that it was Miss Zhao whom she had met last night, she refused directly, mainly because she was afraid of socializing and had nothing to talk about, which made her feel embarrassed.
So Su Yehao sent Yin Liuli back to the apartment first.
He had given the Porsche 911 at home to Yin Liuli for transportation, which was more convenient for commuting to and from get off work.
Knowing that Yin Liuli's lease was about to expire and he had no idea of moving yet, Su Yehao looked at the apartment building when he left and was thinking about buying a large apartment with an area of more than 100 square meters. Write her name on the house book...