Since today is Sunday, Li Guangyu and the others rarely have some leisure time. In the afternoon, a few of them went to the golf course in Shenshui Bay to have some fun.
Regarding golf, Li Guangyu himself has never played golf before. Compared with Li Ka-shing, Lee Shau Kee and others, there is a difference between a superstar and a water cooler person.
Fortunately, everyone was just having fun and didn't pay too much attention to these things. These people were busy with the group's affairs all day long and rarely had time to relax like this.
Li Guobao and Chen Youqing are better off. They are relatively young, so they are not as hard-working as the older generation. They leave home at eight o'clock every day to go to work in the group, and return home from the company at six o'clock in the evening. Sometimes it is often very late. to be able to go home.
As for holidays, they don't exist. It's good to have two days a month to be busy with the company's affairs. It's simply a luxury to hope that future generations will have two days off a week and work eight hours a day.
This golf course mainly serves Xiangjiang's wealthy people. Although the fees are quite expensive and it is a membership system, Li Guangyu relied on Lee Shau Kee and Li Ka-shing to bring it in. He himself does not have a membership card here.
Of course, if Li Guangyu needed it, it would be quite easy to apply for a membership card. Li Guangyu also asked Du Yonghong to apply for it on his behalf.
It's a bit expensive, but the service here is quite good, and the caddies are also quite good-looking.
Watching Li Guangyu hit a few shots, Li Zhaoji smiled and said: "Guangyu, you can't focus entirely on the industry. You still need to have some hobbies when you have nothing to do. You don't need too much exercise to play this. , many business leaders in the West also like to play this thing. We play together until it doesn't matter, and if someone invites you to play, you will make a fool of yourself."
Li Guangyu also knows that no matter now or in the future, rich people prefer to play this thing. If he doesn't learn it, he may make a fool of himself in the future.
However, this skill cannot be practiced in a day or two. Li Guangyu plans to play two shots when he has nothing to do in the future. It does not require him to have good skills, at least he will make sure not to make a fool of himself.
These few people were done for a while. How could they focus on playing together? Not long after they sat down in the rest area, they naturally started talking about things related to them again.
The focus is on the Taipei MRT. The preliminary construction of the Taipei MRT went very smoothly. This time they are preparing to enter Taipei to open stations and build properties.
Lee Shau-kee said: "Guangyu, since Line 1 is all in Taipei this time, if we start to open the market next year according to the original plan, there will be too many concentrated openings by then, which will not be good for us. At present, several of our major real estate groups are here There are no big projects to be launched at the moment, so we plan to start opening several sites in the city center now, and the more remote sites will be opened later, so that we will have less pressure."
Li Guangyu has no objection to this. This time, his Starlight Real Estate Group will only open properties in Taipei to avoid having too many properties and making sales difficult.
Li Guangyu said: "Uncle Fourth, I don't have any problem with this. Our Starlight Real Estate Group will also suspend the construction of new properties in other places in Taipei, mainly focusing on the properties on the station, so as to avoid internal friction."
This time, the part of the Taipei business that belongs to Xiangjiang-China Investment Company is mainly owned by Cheung Kong, Sun Hung Kai and Shau Kee Group. The Ho Investment Company is opened by Hongji Real Estate Group, and the Tianyu Investment Company is opened by Starlight Real Estate Group.
open.
Originally, Li Guangyu and others planned to start construction at the end of next year. When the Taipei MRT is put into use, they would be able to open the business, which would be quite beneficial to their sales.
Now they are considering the demand for housing in Taipei. If they don't start opening now, in four years, 12 properties will be launched at the same time. Each of their properties is very large, and the pressure is really too much.
If they operate this way now, their five or six stations in the city center can be opened two years in advance. After the Taipei MRT is opened in the future, the opening pressure they face will be reduced by half, and their one-time capital investment will be much smaller.
At present, the pressure on their major groups is relatively high. Their assets in Xiangjiang have also shrunk a lot due to the property market and stock market. If they hadn't made a fortune in the stock market this time, they would not dare to spread their stalls so big now.
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Especially after all the properties in Japan were sold out, several major groups made huge profits. Only then did they have the confidence to open properties at Taipei MRT stations in Taiwan.
Although they have made a lot of money, they have also invested a lot following Li Guangyu over the past year, so they can only watch their wealth continue to rise, but the funds in their hands are still relatively tight.
Fortunately, there is support from the Li's Consortium, so they don't have to worry about the group's capital chain being broken. The monthly profits of these groups under the Li's Consortium are nearly HK$3 billion, which is enough to fill the loopholes of any group.
Now the new three major carriages of the Li Group have begun to take shape. Xingyu Group, Xiangyu Group and Hengyu City Group, the monthly profits of the three groups are very terrifying.
In addition to its public service enterprises such as Heung Kong Air Transport Group, Kowloon Bus and Heung Kong Telephone Company, the cash flow is also very abundant.
This also makes Li Ka-shing, Lee Shau-kee and others more willing to develop Heung Kong Electric Group and Towngas Group. As long as these two groups exist, they do not need to worry about working capital.
Although the real estate industry makes money, the cycle is too long, there is too much unpredictability, and the ability to resist risks is weak. They also hope that some stable companies can support the group's continued development.
After all, it is not enough for their major groups to rely solely on property rentals to support their development. To rely on this aspect, their groups will need at least several decades of operations. When there are more properties, the rents will naturally be terrifying.
, then they don’t need to worry about the group’s financial problems.
What Lee Shau Kee admires most about Li Guangyu is that even though the Lee Group is rapidly expanding, their group never relies on borrowing to maintain the group's development. In this way, no matter what kind of risks they face, they will not be under too much pressure.
If you look at some of the companies that are currently bankrupt or on the verge of bankruptcy in Hong Kong, you will know that the reason why they cannot survive is that the group has too little liquidity and relies on bank loans to maintain company expansion. When danger comes, they can only go bankrupt.
Lee Shau-kee, Li Ka-shing and others are very clear that relying on borrowing to expand is not a solid foundation. The risks of such a growing enterprise are too great, which is not conducive to the long-term survival of the group. They need to take the initiative in their own hands.
As long as their group has sufficient cash flow support, they will be able to remain stable no matter what risks they encounter in the future, and there is no need to worry too much.
At present, the main way to obtain stable cash flow is to invest in public service companies. Although the investment amount is large and the returns are slow, they can bring a large amount of funds to themselves and others every month.
Li Guangyu and the others also had some exchanges about the Southeast Asian market. In recent years, their main focus has been to defend the Xiangjiang market, explore the Southeast Asian market, and the Japanese Baodao market. The mainland market will also be their top priority in the future.