ps: It has been blocked for a while. After discussion with the editor, it seems that ** City violated the rules, so now ** City is changed to Huaye City, which will not affect reading. I hope everyone can understand!
...
Xiangjiang Jade Club, private room on the second floor!
Chu Huan, Guo Desheng, and Zheng Yutong are sitting here, as well as Guo Desheng's son Guo Bingxiang, and Zheng Yutong's son Zheng Jiachun!
Last year Zheng Jiachun was arranged to join New World by Zheng Yutong and became a director of New World.
This year, he became the executive director of New World and is also the youngest executive director in Xiangjiang!
This year, Zheng Jiachun is 27 years old!
"Although Ah Huan, you must have heard the saying "A hero is born a boy" many times, but now I have to say it again, a hero is born a boy!"
Zheng Yutong was praising Chu Huan: "Seeing your current achievements, Ah Huan, it really makes us old guys lament that our previous years were wasted in vain!"
Zheng Jiachun's expression did not change at all when his father praised Chu Huan. He returned to Xiangjiang in 1971 after receiving his MBA from the University of Western Ontario in Canada.
It can be said that I watched how this young man, who was seven years younger than me, got to where he is now step by step.
After Zheng Jiachun saw the report about Huaye City in "True News" today, he was shocked and speechless for a long time. Even Zheng Jiachun asked himself whether he could have done it if he had been in Chu Huan's environment.
Chu Huan’s current achievements!
After thinking for a long time, Zheng Jiachun thought that he could do it, but it was absolutely impossible to achieve what he has achieved now in such a short period of time.
So although Zheng Jiachun is also very proud, he admires Chu Huan's current achievements.
"Mr. Zheng is too polite, I just happened to meet you!"
Chu Huan didn't show any pride, he just smiled and preached.
Zheng Yutong waved his hand and said: "Ah Huan, your current achievements cannot be justified by just saying 'it happened at the right time'."
Chu Huan smiled, and then said: "Since Mr. Zheng has said so, if I am more modest, will it seem a bit hypocritical!"
Zheng Yutong was stunned for a moment, then laughed and said: "Yes, yes, this is the energy you should have at your age, Ah Huan!"
After the two parties exchanged pleasantries, Zheng Yutong put forward his own ideas.
Invested in Tianhai Real Estate.
The conditions he proposed were already thought out before he came to see Chu Huan.
150 million. In addition, Chu Huan can also acquire 5% of New World's shares based on New World's current asset value!
This condition is the same as Guo Desheng's, but Zheng Yutong did not discuss it with Guo Desheng. In his opinion, this is the most suitable condition!
But Zheng Yutong thought it was appropriate, but Chu Huan thought it was inappropriate!
Previously, Chu Huan did not agree to Guo Desheng's offer, let alone Zheng Yutong, even though both parties had a deep friendship.
Just because you will become one of the most famous business tycoons in Xiangjiang in the future, Chu Huan cannot give him this face now.
"Mr. Zheng's joke is not funny. It is probably not appropriate to sell 5% of the shares to me based on the current asset value of New World. Needless to say, Mr. Zheng must be very clear about the current stock price of New World.
As long as I want, I can buy it on the stock market for at least half of the price, so why bother buying it from Mr. Zheng?"
Although Zheng Yutong wants to join this super project in Huaye City, she will not deliberately lower her profile.
"5% of New World's shares can naturally be acquired on the stock market, but such a large amount of acquisition will inevitably attract the attention of Xiangjiang stockholders. By then, New World's stock price will definitely rise. By then, Ah Huan, if you continue
If you want to acquire it, I’m afraid it won’t be that easy!”
The number of shares of New World in circulation is much smaller than that of Sun Hung Kai!
Chu Huan said nonchalantly: "I don't care. It's just an investment anyway. It doesn't matter how much you acquire."
This is Chu Huan's confidence in negotiating now.
Joining the Huaye City project is Zheng Yutong's wish, not Chu Huan's immediate need. In fact, it is no longer important to Chu Huan whether New World has joined or not.
Chu Huan wants to use this project to initially establish a business alliance with himself as the core, but it does not mean that Chu Huan has to pay losses for it!
There are many real estate companies in Hong Kong, and Sun Hung Kai is just one of the more famous ones under the current circumstances.
Chu Huan was confident about this matter, but Zheng Yutong did not have Chu Huan's confidence.
He really needs this project.
"Two hundred million!" Zheng Yutong said seriously: "For this project in Huaye City, our New World is willing to spend 200 million, which only accounts for 10% of the shares of Tianhai Real Estate!"
Chu Huan shook his head and said: "Actually, there is no shortage of funds for this project in Huaye City. Whether or not Mr. Zheng's 200 million yuan is available is not that important."
Everyone understands that Huaye City is a long-term project. The investment in the first phase is at most 200 million, which Chu Huan and Sun Hung Kai can fully afford!
Both Chu Huan and Zheng Yutong understand this truth, but Zheng Yutong is also very confident in himself. He believes that under his leadership, the future development of New World will definitely have a bright future, and the asset value will definitely double.
.
As for the company's stock price, it's just that the current general environment is like this. As long as the stock market crash is over, New World's stock price will soar up like a rocket!
New World is the foundation, so he would rather increase his investment in this project than Chu Huan get New World shares at a lower price!
But now, listening to what Chu Huan said, it is obvious that Chu Huan’s goal is still to gain shares in his new world!
At this time, there were only two options before Zheng Yutong.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! Either give up this plan, or use the future development benefits of the New World in exchange for the development benefits at this time!
"I don't know what price you want to pay for New World shares, Huan!"
Before making a decision, Zheng Yutong decided to listen to Chu Huan's quotation first!
Chu Huan said with a smile: "I am personally very optimistic about Mr. Zheng's ability, but in business, I hope to acquire 5% of New World's shares at a price that is 20% higher than the current New World stock price, but this amount
I won’t be able to call Mr. Zheng until after October!”
When Zheng Yutong heard this, she subconsciously wanted to refuse!
Although New World is not at the center of the real estate stocks in the current stock market crash, the share price of New World has suffered a considerable blow.
Almost 70% lost!
Now Chu Huan actually wants to acquire shares of New World at such a price, which Zheng Yutong does not want to accept.
But when the words came to her lips, Zheng Yutong swallowed them back!
Again, he needs the Huaye City project so much.
After a long period of push and pull, Chu Huan and Zheng Yutong finally decided that Zheng Yutong would pay 150 million in cash into Tianhai Real Estate's account in five stages according to the five stages of Huaye City.
New World also holds 10% of Tianhai Real Estate shares!
In addition, Chu Huan bought 5% of New World shares from Zheng Yutong at a price that was 30% higher than the current New World share price!
After the serious talk, the two parties chatted for a while and then parted ways at the Jade Club.
On the way back, Zheng Yutong asked Zheng Jiachun, who was sitting next to him: "What do you think of our cooperation with Chu Huan today?"
Zheng Jiachun pondered for a moment and then said: "I don't quite understand. New World is different from other real estate companies. In order to raise more funds, other real estate companies chose to issue new shares. At the time, New World
After the listing, except for the 160 million Hong Kong dollars raised, Daddy has not issued new shares.
Although this makes us seem to have suffered more losses in the stock market crash, it actually didn’t do much harm to us. Daddy, why do you have to use this Huaye City project to increase New World’s stock price?”
Unlike most real estate companies in Hong Kong, Zheng Yutong's New World is in the midst of a long career.
New World hardly made effective use of the stock market. Despite the sharp rise and fall of the stock market, and the alternation of bulls and bears, Zheng Yutong only maintained his status as a listed company, and stayed away from the sea of stocks, maintaining a state of watching the sea from a distance.
On the contrary, Zheng Yutong prefers to use the land in his hands to mortgage the bank for loans to carry out the company's real estate operations.
This kind of operation is obviously inconsistent with his character.
And in later generations, Zheng Yutong even publicly stated his decision.
There have been many speculations about Zheng Yutong's actions in later generations. Some people believe that Zheng Yutong asked He Shanheng, a leading figure in the Chinese banking industry, to serve as the chairman of New World. He undoubtedly obtained an LC (bank letter of credit), which gave Zheng Yutong a loan facility and did not need to rely on the stock market to raise funds.
However, money from loans is different from money from raising funds in the stock market.
Loans require repayment of principal and interest, while raising funds does not require repayment. Dividends only need to be paid based on profitability, whether large, small or even none. Many companies give away bonus shares in lieu of cash dividends.
The debtor of the loan has unlimited liability, while the listed company that raises funds only has limited liability.
Therefore, most managers of modern enterprises favor fundraising, and Zheng Yutong's approach seems outdated.
Some people believe that raising funds can easily dilute the equity of the major shareholders, the main property owners, and thus lose control of the company.
This issue is something that any major shareholder with control must carefully consider.
Li Jiacheng and others adopted various methods such as taking advantage of low prices to consolidate their controlling stake.
There are also some shareholders and bosses of listed companies who are negligent or do not have sufficient funds to purchase a safe amount of equity. As a result, they become targets of takeovers and attacks by foreign powers.
For example, in the "real estate acquisition war" that Zheng participated in, the listed company of Jardine Matheson Group, the largest foreign bank in Hong Kong, was acquired many times.
Others believe that the stock market is unpredictable and it is better to stay away from it.
Hu Yingxiang was involved for no reason, and almost the entire army was wiped out. Xiang Daxia Xiang Zhiqiu formed a system of his own in stock trading. Investors revered him like a god and called him the golden finger. He remained standing for more than 20 years, but collapsed suddenly in the late 1980s, and he said goodbye to the stock market.
Tan, Huang Yulang, chairman of Yulang Publishing Group, according to securities regulations, the money he raised could only be engaged in publishing-related businesses, but he spent huge sums of money to speculate in stocks. When the stock market crash hit, Huang's family was ruined and his reputation was ruined.
It can be seen that Zheng Yutong has a clear and full understanding of the risks of the stock market.
As Zheng Jiachun's successor, Zheng Jiachun was naturally instilled with this idea by Zheng Yutong.
So Zheng Jiachun actually didn't understand Zheng Yutong's actions at this time.
After listening to this, Zheng Yutong said with a smile: "I really don't pay much attention to the company's stock price. The stock market is constantly changing and manpower is limited. The previous Hopewell and Hang Lung are the best examples.
But I can't help but care about this project in Huaye City.
Chu Huan's move this time is really too big, big enough to shock the whole of Xiangjiang. We may not care about the changes in the stock market, but other real estate companies cannot care, so in addition to us, there will be countless Xiangjiang real estate companies.
The company wants to come in and get a piece of the pie..."
At this point in the sermon, Zheng Yutong suddenly stopped and asked Zheng Jiachun: "What do you think of Chu Huan?"
Zheng Jiachun said seriously: "This is a very capable and ambitious person!"
"how to say?"
"I have carefully read Chu Huan's development history in the past three years, but no matter how I look at it, I think it is an incredible thing. He has created a business empire of his own in a way that is different from Xiangjiang's traditional business model.
If such a person is incompetent, I can't imagine anyone in Xiangjiang who is more capable than him.
As for ambition, it is easier to understand. Black and white images and "Fantasy Comics" are industries he founded from scratch, but he was able to make these two companies become the Hong Kong-based company in just one or two years.
The most influential company in the industry.
Take black and white images as an example. When Chu Huan first entered the industry, everyone thought he was just for fun as a small star. As a result, Chu Huan took action and strangled the lifeblood of the film industry, the theater chain!
It can be seen that at that time, Chu Huan was already thinking about how to turn black and white images into the most influential film company in Hong Kong.
Let’s talk about the current Huaye City project. While other real estate companies in Xiangjiang are still debating whether to take the commercial building route or the residential route, Chu Huan is already preparing to build a super city within a city.
With such courage, such ability, and such ambition, I have to admit the media's evaluation of him as the number one among the young generation in Hong Kong!"
Hearing Zheng Jiachun's analysis of Chu Huan, Zheng Yutong showed a pleased expression.
"Yes, he is such a person. The key is that he is only 20 years old. Look at the people around him. Tang Jiqian has in his hands the air textile technology for denim that can delay the textile industry from entering the sunset industry. Guo Desheng also uses
At the lowest price, I got 5% of the shares of Huhua Real Estate.
It can be seen that Chu Huan is still very affectionate towards those who have helped him.
Although we can't be said to have helped Chu Huan in this matter, we can still use this matter to formally establish a relationship with Chu Huan. I am very optimistic about this young man. Maybe in the future when we get older,
The leading figure in Xiangjiang's business community is this young man.
So now, before he has officially grown up, it is very important for both of us to be able to establish a good cooperative relationship in advance.
Of course, the most important thing is that the Huaye City project is indeed a very good project. The establishment of the two factories, as long as they are run properly, will be enough for those workers to purchase properties in Huaye City. In other words, Huaye City
The city has no shortage of purchasing power.
This is destined to be a money-making project.
Besides, there’s one thing you still haven’t seen through!”
After hearing what Zheng Yutong said, Zheng Jiachun asked: "What happened?"
"Black and White Image and "Fantasy Comics" have been Chu Huan's wholly-owned holding companies from their inception to the present. Later, when Chu Huan took back Jiahu Textile, the first thing he did was to delist it. This shows that
People's desire for control is very strong.
But now, he has begun to introduce external funds into Huaye City, a business that is destined to make money and quickly increase his personal reputation. Don't you see something?"
After finishing speaking, Zheng Yutong looked at his son with burning eyes.
Zheng Jiachun thought for a while and said: "Is it because he doesn't have enough funds in his hands... No, no, according to the relationship between Chu Huan and Jian Yueqiang, even if he has a temporary shortage of funds, he can still get a loan from the Bank of East Asia
Yes, and his companies are very profitable and can handle this project.
Then that’s it…”
At this point, Zheng Jiachun suddenly opened his eyes wide and said in disbelief: "Chu Huan wants to take this opportunity to establish a business alliance in Xiangjiang?"
Zheng Yutong nodded happily and said, "Yes, I think so too."
"Isn't this a bit too exaggerated? If he really wants to do this, including you, dad, you won't be able to listen to him even if you join the Huaye City project?"
Zheng Jiachun couldn't help but preach.
Zheng Yutong laughed and said: "Chu Huan's ability will not allow him to have such stupid ideas. He only needs to use this project to let us people form a seemingly loose alliance with him. From now on, if his
If there is a steady stream of money-making projects in our hands, the connection between us people will become closer and closer.
Just this is enough to make people outside fearful."
Zheng Jiachun suddenly said, "I understand, Chu Huan wants to use this incident to convey a concept to the outside world, that is, he and we have an inseparable cooperative relationship, and we all have common interests. This is enough for him to
Xiangjiang’s influence is rising rapidly.”
Zheng Yutong nodded, and then sighed: "This young man's ambition exceeds the speculations of you, me and many others!"
"But if that's the case, why do we need to add fuel to his fire?" Zheng Jiachun asked incomprehensibly.
In his opinion, if this is the case, there is no need for their New World to join this project to increase Chu Huan's influence!
Zheng Yutong shook his head and said: "It's different. Chu Huan needs such an alliance of interests to enhance his influence, and we also need it ourselves. Our New World does not need the Huaye City project to increase the company's stock price, but other real estate companies in Xiangjiang do.
Very much needed.
And with such an alliance, outsiders can see not only Chu Huan, but also other people in the alliance!
So this is a game that Chu Huan has already prepared, just waiting for us people to jump into it one by one knowingly.
After all, no one can ignore the various benefits brought by the Huaye City project!"
Zheng Jiachun could not speak for a long time. He could not imagine how a young man of only 20 years old came up with such a complicated and unsolvable solution.
As long as this alliance is established, it will become a powerful presence in the Hong Kong business community that no one can ignore, and it may even become a monopoly.
Join and let's make a fortune together!
If you don't join, you may be squeezed to death by this giant alliance that will exist in the future!
It seems like there really is no other choice.
"Ah Chun, I have gotten to know Chu Huan. He is very good to his friends. I brought you here today because I hope you can become friends with Chu Huan like Guo Bingxiang and Feng Yongfa. This will
It will be very helpful for your future business career.”
Zheng Yutong preached.
Zheng Jiachun nodded and said, "I understand, Daddy!"
Seeing her son's complicated mood, Zheng Yutong smiled again and said: "You don't have to take this matter too seriously. The so-called alliance is not so easy to form. This matter can only be said that Chu Huan has thought about what others can't.
It's something you want to think about, but if you want to succeed, it's not that easy. It can't be formed by Huaye City alone. It also requires countless projects and countless efforts to succeed.
I’m just investing in advance now!”
Zheng Jiachun nodded again.
Both of them understood that Chu Huan first thought of this alliance, but in the end Chu Huan may not be able to become the talker of this alliance. After all, from this point of view, whether it is Sun Hung Kai or New World, they are bigger than Chu
Huge joy.
Zheng Yutong values the Huaye City project and the possible alliance more than Chu Huan!
...
Zheng Yutong and Zheng Jiachun, father and son, were talking about this matter here, and Chu Huan also returned to his villa in Repulse Bay at this time.
What surprised Chu Huan was that when he just arrived at the door of his house, he saw a Mercedes-Benz sedan parked here that he had never seen before.
When the other party saw Chu Huan's car approaching, he turned on his double flashes, obviously waiting for Chu Huan.
Seeing this, Chu Huan asked Ma Jizu to stop the car.
The other party's car door opened, and Chu Huan also opened the door, smiling as he thought the other party walked over.
"Why did Li Sheng come here!"
The person waiting for Chu Huan here was none other than Changshi Lijiacheng. After the other party failed to find Chu Huan in the Jiahu Building, he finally found out the location of Chu Huan's villa in Repulse Bay through his own connections.
Li Jiacheng smiled bitterly and said, "Of course I came to see Mr. Chu!"
Chu Huan understood that Li Jiacheng must have come because of Huayecheng's affairs.
At this time, Cheung Kong was not really a powerful real estate company in the real estate industry in Hong Kong. It could only be regarded as a real estate company that looked promising.
But unlike Zheng Yutong who took the bank loan route, Li Jiacheng prefers to raise funds in the stock market.
He used his forward-looking vision to avoid the stock market crash, and then used the funds he had raised previously to start a series of developments.
It has successively purchased and constructed 8 old buildings on Hennessy Road, half interest in Lien Shing Building in Queen's Road Central, Kwun Tong Zhonghui Building, Lai King Building in Queen's Road Central and Universal Building in Des Voeux Road Central.
In 1974, Cheung Kong cooperated with the Canadian Imperial Bank of Commerce to form the Canadian Excelsior Finance Company, introducing foreign capital into the Hong Kong mortgage market for the first time.
In the same year, Cheung Kong Holdings purchased the Chinese Bank located on Pedder Street in Central District from the Chinese Real Estate owned by the Li Guanchun and Feng Pingshan families, and cooperated with HSBC Bank to rebuild the Chinese Bank as the group's headquarters.
At this time, the strength of Cheung Kong has been deeply valued by HSBC and Canadian Imperial Bank of Commerce.
In 1975, Cheung Kong took advantage of the economic downturn in Hong Kong and the sluggish real estate market to make another important expansion. That year, it purchased the West Lake site on Brammar Hill Road in North Point from Swire Properties at a low price of NT$85 million.
Saixi Lake covers an area of 864,000 square feet. Cheung Kong Construction has built 925 large residential units ranging from 1,260 square feet to 1,640 square feet, as well as shopping malls, parking garages, etc. on the site. The total building area reaches 1.32 million square feet. The average land price per square foot is only 64 yuan.
Very cheap.
In 1977, CK Asset took advantage of the boom in the real estate market and put the West Lake Building on sale. The selling price per square foot reached NT$279 to NT$344. CK Asset and Canadian Imperial Bank of Commerce made a total gross profit of NT$130 million.
This success has laid the foundation for a series of successful development opportunities for Cheung Kong in the future.
But the real foundation for Cheung Kong to take off was after Lijiacheng obtained the property development rights above Central Station and Admiralty Station.
Since the two sites are located in the most prosperous area of Central District of Xiangjiang, the bidding was fierce, with more than 30 consortiums participating in the bidding. Among them, the long-established British real estate company Land Land had the highest claim to win the bid.
In response to the subway company's high debt and urgent need for cash flow, Cheung Kong proposed a very attractive plan to match the completion time of the superstructure with the opening date of the subway.
As a result, it broke out among many consortiums, defeated Land and Land, and won the property development rights above the Central and Admiralty Stations of the MTR. When the news came out, public opinion in Hong Kong was shocked.
This can be considered as the name of Cheung Kong has been completely known in Xiangjiang, and this was already 1977.
It was this series of successful business operations that brought Lijiacheng into contact with the HSBC Bank in Hong Kong. Finally, in 1979, with the help of HSBC, it swallowed up Hutchison Whampoa, a company with a market value of six to seven billion.
, became the largest Chinese-owned real estate company in Hong Kong in one fell swoop. Before that, Cheung Kong’s market value was only over HK$700 million!
Facing this future superman who was famous in the country in the first half of his life, but was criticized by others in the second half of his life, even though the other person's current worth could not be compared with his own, Chu Huan still cheered up.
Without him, although he knew the reason why this person came to him, Chu Huan did not want to bring Li Jiacheng with him on this project!
Chu Huan really wants to use the Huaye City project to form a business alliance with himself as the core, but since it is a business alliance, there cannot be too much competition within the alliance, especially if it can be handled by one person.
It is easy to give people the impression that the big one is bullying the small ones within the alliance.
Chu Huan is interested in many of the targets behind Changshi and wants to win them, so Chu Huan will definitely not let Changshi join this Huaye City project!