The living room is spacious enough and you are not afraid of the smell of cigarette smoke.
After Su Yehao skillfully trimmed it, he lit the cigar with a lighter that felt heavy and blew out the smoke in a long breath.
He is not addicted to cigars and smokes them occasionally to relieve his mood.
The year before last, I bought a box of large Havana cigars from Mr. Tang, a total of twenty cigars, and I still have half of them left.
After hearing Master Jiang mention the acquisition of the Casino Electric Power Company, Su Yehao replied:
"We gave a valuation of HK$5 billion, which is equivalent to a price-to-earnings ratio of 25 times. We immediately helped the shareholders of the Casino Power Company to cash out their profits for many years to come. The conditions we offered are indeed not bad."
"Yes, the global economy has been good recently. After cashing out and reinvesting the money, it is likely to make more profits. Even if Casino Electric is listed on the market, it will only be worth about 5 billion Hong Kong dollars. If it were me,
I was also happy to cash out, so it was almost no trouble. After they had a meeting at the headquarters to discuss it, they all agreed."
Master Jiang hesitated for a moment and then asked:
"I've always wanted to ask you, are you sure this company can make money? After having someone investigate its situation, I wanted to call you, but since you are the one who wants to acquire it, there should be something I haven't discovered.
.”
Su Yehao didn't know whether to laugh or cry, and immediately shook his head and said:
"Uncle Jiang, don't get me wrong. Although the electricity consumption of the casino in the future should be much higher than it is now, such as street lights, home appliances, casinos, hotels, and my king crab island, the casino power company
The appreciation potential is still very limited, and it will double if it lasts. The main reason why I plan to acquire it is because I want to build a wind farm on the sea, which will not only be a landscape, but also meet the positioning of an ecological island.
By the way, comprehensive promotion of electric vehicles is equivalent to a business card."
After listening to what he said.
Master Jiang suddenly realized it and said with a smile:
"Let me tell you, you are definitely not going for the Casino Electric Power Company itself. Even if you invest the money in hotels, you are now making more money than it. There is an endless stream of mainland tourists, and all the hotels owned by the company are full. Investment and acquisition
A hotel can recover its entire capital in about six to seven years."
Hearing that Master Jiang also wanted to acquire a new hotel, Su Yehao calmly replied:
"Currently, tourists are not familiar with Hong Kong and like to travel in groups. In the future, most tourists will probably choose to travel independently. Taking advantage of the company's good performance, it can be listed on the stock exchange, and mainland tourism companies are gradually developing. This
I’m afraid this business will be exhausted within a few years.”
We had talked about similar topics before, Master Jiang knew it well, wrote the word "happy" on his face, and said:
"I understand that I have rarely worried about Hong Kong Hao Tourism's business recently. I am mainly busy with real estate projects in the Mainland. Your father introduced me to many people. Last time he went to Guangzhou to take photos of a piece of land, totaling more than 700 acres.
, enough for me to develop for a long time.”
Master Jiang's real estate business in the Mainland is progressing extremely smoothly, and the second phase of the houses that were previously launched have been sold out.
In the market, some buyers have already tasted the developer's abandonment or unfinished business, while others have cut corners, and there have even been reports of using bamboo instead of steel bars, which has frightened many buyers.
Mr. Jiang, under the banner of a Hong Kong businessman and having a close relationship with Su Yehao, people believed that he would not be unconscionable to earn the three melons and two dates in their hands, so he successfully stood out and attracted the attention of many home buyers.
Su Yehao's rise has been too fast.
So much so that some of his early plans, which he originally thought would be more important, now seem to be dispensable.
For example, Hong Kong Travel Group can make money every year, but it has a lot of troubles and all the money it earns is hard-earned money.
If we package it up and sell it as a whole now, and invest the cashed-out money elsewhere, we can actually earn more. The biggest dividend period has been captured by Su Yehao, and the rest is just scraps.
, so he suggested going public.
In fact, it should have gone public last year.
However, due to SARS and other reasons, the tourism industry in Hong Kong cities has been affected, so it is not a good time to log on to the Hong Kong Stock Exchange. The Hang Seng Index has performed quite well this year and has been recovering and rising since the beginning of the year.
The two of them were chatting in the living room, and Jiang Yu came over to join in the fun.
She touched her belly from a distance and reminded: "There is a pregnant woman here, and you two actually smoke cigars?"
She had just found out that she was pregnant, and the excitement had not passed yet. In fact, it had only been more than a month since she was pregnant, and Jiang Yu's belly had not changed at all.
Master Jiang, who was smiling from ear to ear, immediately said:
"Okay, okay! You're awesome, let's smoke in the yard, so it won't affect you, right? When we got the call in the morning, your mother and I were so happy. Do you know if it's a boy or a girl?"
Su Yehao shook his head: "It's not clear yet. It's the same for boys and girls. Has she mentioned to you that I asked Jiang Yu to serve as a member of the family trust supervision committee?"
"... After a brief chat, you donated so much of your assets just for the sake of donation? Although Americans have been playing the game for many years, maybe it's just that I'm old-fashioned, and I always find it a bit weird."
Master Jiang said.
The so-called weird thing refers to the transfer of assets from an individual's name to the name of a family charitable trust.
Although it is still managed by Su Yehao for a long time, it is no longer owned by him personally. It seems to be the same thing, but there is a subtle difference.
Su Yehao explained:
"Left-handed and right-handed, it's actually the same thing. When the casino completes the tax reform, I will put the registration place of the trust fund in the casino. Chatting at home, I won't hide anything from you. Regarding the robber genes of Europe and the United States, I
I have always had a deep fear that if I come into contact with their interests in the future, they may do whatever they can to me. Therefore, it is impossible for me to put my assets in the British Cayman Islands or the British Bermuda Islands.
."
Master Jiang understood this, and naturally felt that one of such a huge asset would belong to his grandson or granddaughter in the future. He subconsciously began to eat carrots without worrying, and nodded:
"That's right, don't worry about the European Union, Australia, and Canada. Make your own decisions on small matters, and only listen to the United States on big matters. Over the years, no one will end well if they are worried about the United States. Instead of continuing to make as much money as possible,
Ah Hao, you should focus on stability and safety. It is indeed safer to keep it in the casino. At least it is under your nose and cannot be suppressed or even frozen."
In normal business, profits are important, but in family trusts, safety is paramount.
Looking at the whole world, it seems that the casino city is peaceful and harmonious. It is a rare pure land. Except for some problems with relatively high taxes, it is indeed suitable as a base camp.
When the food is on the table, go and eat first.
At a glance, there are baked lobster with sauce, honey-glazed barbecued pork, soft-boiled abalone and chicken wings, etc., plus a few home-style stir-fry dishes.
There is no need to be too polite. After thanking Jiang Yu’s mother, use chopsticks to eat first...