Chapter five hundred and twentieth an opportunity not to be missed
At seven o'clock in the evening, Li Guangyu, accompanied by Du Yonghong and others, went to the Peninsula Hotel to attend the investment cooperation meeting of CITIC Group. Because Cao Weiqing was pregnant, Li Guangyu did not let her attend this time.
When Li Guangyu arrived, the banquet hall was already occupied by many company leaders. Zheng Yutong was quite busy here. This was the first time he had such a large banquet after acquiring the Peninsula Hotel, and he also received one here tonight.
Congratulations to countless people.
After Li Guangyu said hello to Zheng Yutong, he did not stay at his place for long. Apart from the head of the Rong family and Huo Yingdong who were very busy tonight, Zheng Yutong was the busiest. Li Guangyu didn't want to disturb him here.
Li Guangyu himself found a remote corner and sat down, waiting for the arrival of Li Ka-shing and others. Today Li Guangyu seemed to have arrived a little early. At present, Li Ka-shing, Cao Wenjin, Li Shauji and others have not arrived yet.
When Li Guangyu's thoughts were wandering, he suddenly heard Cao Zhou Meiqi's voice: "Guangyu, why are you here alone?"
After Li Guangyu came to his senses, he immediately stood up and said hello to Cao Wenjin and Cao Zhou Meiqi.
After a few people sat down, Cao Wenjin said: "Guangyu, do you have any plans for today's party?"
Li Guangyu himself didn't really have any plans. He just came to see the excitement. He didn't have any big investment plans at the moment. He just wanted to save more funds for future use.
Li Guangyu doesn't even dare to borrow money from his own bank now. Does he know the banking crisis that will follow after the property market crash? By then, I don't know how many banks in Hong Kong will collapse, and there will also be a crisis in the Hong Kong dollar.
, he needs enough cash to cope with this crisis.
As long as it seizes the opportunity this time, the Li Group can save many years of struggle. Li Guangyu has no intention of using the funds elsewhere, and those profits will not be as high as those in this crisis.
Li Guangyu said: "Father-in-law, I have no new investment plans at the moment. Within the next six months, the Li Group will suspend all new investment projects to focus on stabilizing development."
Cao Wenjin felt a little strange when he heard Li Guangyu's words. He knew his son-in-law very well. He had been investing in new projects in the past few years. Even when the stock market plummeted last year, he was still investing in new projects.
Make some investments.
This time, he actually did not invest in new projects for half a year, which made him a little uncomfortable. If it were other families in Xiangjiang, it would be normal to not invest in new projects in just six months. However, Li Guangyu always gave him the impression that
Continuously pioneering and never intending to stop.
Cao Wenjin himself has been in the business world for decades, so he doesn't know what Li Guangyu means. The Li Group is not without money. At this time, Li Guangyu began to prepare funds, and it only took half a year. He himself could guess that Xiangjiang
There is a problem in the property market, and it is probably around this time.
Li Guangyu is now preparing funds to definitely enter the market to buy the bottom when the time comes. He knows that Li Guangyu is very optimistic about the future development of Xiangjiang.
Cao Wenjin feels that at this time, he should also prepare some cash. Once the property market is at a low, he can follow Li Guangyu to buy some low-priced properties. When the property market recovers, he can also make a lot of money.
Moreover, Cao Wenjin plans to buy office buildings and shops at low prices and rent them out later, so that he can rely on these rents without having to worry about funds.
During the subsequent chat between Cao Wenjin and Li Guangyu, Li Ka-shing, Li Shauji, Guo Desheng, Stanley Ho, Feng Jingxi and others came here one after another.
Stanley Ho said: "Guangyu, what do you think about the Taipei MRT issue now? I have sent Youguang to Taipei, and Qinghong is also there. We can't keep wasting time on this matter."
Li Guangyu is still interested in investing in the Taipei MRT, but the current funding problem is indeed insufficient, and there are some issues in Baodao that have not been discussed yet.
Li Guangyu said: "Uncle Jiu, Uncle Zheng, what do you think?"
Stanley Ho also learned a lot about the situation of the Taipei MRT. If it goes smoothly, they will be able to make a lot of money from it.
Moreover, once the Taipei MRT is completed, they will be able to obtain a steady stream of cash profits, which is very suitable for the family to hold it for a long time.
Zheng Yutong said: "Guangyu, as long as the Baodao government's policies can be implemented, we think we can still invest. However, we still need to continue to communicate on the issue of capital investment. The initial capital Baodao requires us to invest is too high.
Some, investing so much money before starting construction is not conducive to our development."
Li Guangyu also knows what the Baodao government is worried about. Once they inject too little start-up capital, if something happens midway and the Taipei MRT cannot be completed on time due to funding problems, the Baodao government will be in trouble.
Li Guangyu said: "Let them delay it for the time being. There will be no problem after next year. By then, I will have enough funds to invest in Taipei MRT, and we do not need to satisfy the traffic requirements of Baodao all at once."
According to the Ministry’s planning, we invest in each line, and at the same time, we must obtain the property rights at each station, otherwise it will be difficult for us to recover the cost in the short term just by operating the subway.”
None of the people sitting here owns a real estate company. They are already familiar with the development model of the subway in Xiangjiang. In particular, Zheng Yutong has cooperated with Chen Zengxi many times on this. He is very clear about the profits here, even in Taipei.
Housing prices are not as high as here in Xiangjiang, but they can still reap a lot of profits.
However, these people here don’t believe Li Guangyu when he says that he is short of funds. If he only invests in the Muzha Line of Taipei MRT Line 1 this time, the estimated cost will be less than 10 billion Hong Kong dollars. Li Guangyu
He absolutely has the strength to invest on his own.
Stanley Ho said: "You can ask Qinghong to communicate with them in this regard. I guess they are just asking for high prices. If the five lines they planned start construction at the same time, the total budget will exceed 45 billion Hong Kong dollars. This is not an ordinary investment.
The company can join in. You must know that for such a long-term project, as prices rise, the actual cost will definitely be much higher than it is now."
The most important point is that the construction of multiple lines at once is not good for their real estate development. The stations on one line are enough for several major real estate groups to operate for many years.
If they build so many sites at once, even if they have the capital to open so many properties, it will be disadvantageous for them in terms of sales. If they build too many sites, they will not be able to sell them at a high price.
And none of these are human beings. Li Guangyu is all thinking about buying the bottom. They also have such plans, especially Li Ka-shing and Li Shauji. They have been preparing funds early. Once the property market reaches a trough, Chang
Shi and Shauji will definitely pounce on the bottom.
As for the Taipei MRT issue, they are not too anxious. This opportunity in Xiangjiang only comes once in many years, and they will not let it go.
Taipei MRT has been planned since 1973, but due to financial pressure, it has never been implemented. I guess the Baodao government doesn't care about delaying it for another year or two.