322, The completion of the first phase of Huaye City and the dilemma of Hutchison International
"Some can't wait!"
Cao Yunzu rubbed his hands and preached with some excitement.
Chu Huan can understand Cao Yunzu's state. After all, the reconstruction of the Chinese Bank is a very influential matter. The status of the Chinese Bank in Xiangjiang, Chu Huan's influence in Xiangjiang, and the process of the acquisition war of the Chinese Bank.
All this will lead to the reconstruction of the Chinese Bank, which is definitely a matter that attracts worldwide attention in Hong Kong.
As for the design of Xinhua People's Bank, Chu Huan has already handed it over to Cao Yunzu. The Huaye City First Commercial Center designed by Cao Yunzu has received unanimous praise. This is not considered nepotism by Chu Huan!
“I’m not good at architectural design, but I have two requirements. One is height. The rebuilt Chinatown must be the tallest building in Hong Kong. The other is eye-catching. The rebuilt Chinatown must not only be the tallest building in Hong Kong, but also be the tallest building in Hong Kong.
It also needs to become the most conspicuous building in Central and a landmark building!”
Hearing Chu Huan's request, Cao Yunzu became even more excited. The reconstruction of the Chinese Bank was a matter that touched people's hearts. If Chu Huan rebuilt it into the tallest and most eye-catching building in Xiangjiang, then his name Cao Yunzu would not only be
It is famous in Hong Kong, but will have a certain degree of popularity around the world!
However, Cao Yunzu also knows his own abilities. In the past, the mall in Huaye City could be designed by himself. After the design, he could just go to his teacher Bei Yuming to check it.
But the Chinese line...
"Ah Huan, I may have to work with my teacher to design this matter!"
Although Cao Yunzu wanted to complete the design independently, he still told Chu Huan the truth.
Chu Huan said nonchalantly: "I'll leave the general design to you. You can ask whoever you want for help. I have no objection!"
"Okay, I'll fly to North America now to find my teacher!"
Cao Yunzu was also impatient. After telling Chu Huan, he turned around and left.
Chu Huan looked at Cao Yunzu leaving and just smiled and shook his head.
Chu Huan had already decided to build the Chinese Bank into the tallest and most eye-catching commercial building in Hong Kong before acquiring Chinese Properties.
At this time, the tallest commercial building in Hong Kong was the Connaught Building, which was completed last year, with a height of 178.5 meters and a total of 52 floors. It was later known as the Jardine House.
The reconstruction of the Chinese Bank took place in 1976 in another time and space. The reconstruction cost was 250 million Hong Kong dollars, which became a sensational news in Hong Kong at that time.
This time, Chu Huan prepared HK$300 million to rebuild the Chinese Bank. After the reconstruction of the Chinese Bank was completed, Chu Huan would use the Chinese Bank as the headquarters of his company.
In addition to the black and white images of the Tseung Kwan O studio, the headquarters of several other companies will be moved here.
By then, the Chinese Bank will be Chu Huan’s base camp.
...
When the time entered December, Pei Yuming followed Cao Yunzu to Xiangjiang to observe the old site of the Chinese Bank. Then Chu Huan personally received Pei Yuming and told him some of his thoughts on the rebuilt Chinese Bank.
.
After hearing this, Pei Yuming said that it would take three months to come up with a design for rebuilding the Chinese People's Bank. Chu Huan had no objection to this.
Cao Yunzu then returned to North America with Pei Yuming.
And Chu Huan also ushered in another big event.
That is the completion of the first phase of the first phase of Huaye City!
Construction started at the beginning of this year. After several months, the first phase of Huaye City was finally completed. The first phase has seven residential buildings and 1,500 residential units, which can accommodate nearly 7,000 people at the same time.
There is also Huaye City’s first shopping mall, first commercial center, as well as a hospital, a kindergarten, several shops, etc.
Since the first phase of Huaye City is about to be completed, sales and investment promotion will naturally be involved.
On this day, in the conference room of Jiahu Building, Chu welcomed Guo Desheng, Guo Bingxiang and his son, Zheng Yutong, Zheng Jiachun and his son, Hu Yingxiang and Luo Xiaoming, general manager of Hopewell Real Estate, as well as Qi Dezun, general manager of Hutchison International, and General Manager Lewis, as well as Huhua Real Estate
Lu Qi, Bao Tianming!
However, in addition to these shareholders of Tianhai Real Estate, there is another person involved, and that is Roy Bentley of HSBC Bank!
At this time, everyone in the audience had bright smiles on their faces. After all, the completion of the first phase of the first phase of Huaye City means that everyone can see the money back. However, everyone here also understands that this money will be withdrawn.
It is impossible to transfer it to the accounts of various companies, but will be used to develop the remaining projects in Huaye City.
But that's not important anymore. What's important is that with the opening of Huaye City, the stock prices of these companies will definitely rise.
Especially Qi Dezun, he can be said to have the most complicated mood among everyone present. Hutchison International is one of the four major British-owned foreign companies in Hong Kong. Now the stock price of Hutchison International has actually fallen to 1.18 Hong Kong dollars per share. This makes Hutchison International
The market value of Ji International is not as good as that of some Chinese-owned groups.
However, Hutchison International clearly has countless high-quality assets.
The fundamental reason is that Hutchison International expanded too much during the Qi Dezun era. If the stock market has been doing well, Hutchison International's expansion will naturally be no problem. But once the stock market slumps, Hutchison International will have
You may fall into a situation of insufficient cash flow.
Now Hutchison International is facing such a problem.
Therefore, Hutchison International urgently needs good news to boost Hutchison International's share price at this time.
Otherwise, among the four major British banks, Hutchison International will be the first to fall behind!
"Everyone, long time no see!"
Chu Huan sat in the first place and made a joke with everyone.
Hu Yingxiang smiled and said: "Dr. Chu, if you can avoid such an opening statement, you can avoid it. Everyone is waiting for you to make up your mind now!"
Because of the Tseung Kwan O Studios and Chinatown, Hopewell Real Estate's situation is better than that of another time and space. Although the stock price is still falling, it has stopped the decline. It is not the worst among the Chinese real estate properties in Xiangjiang.
This chapter is not over yet, please click on the next page to continue reading! So he is in a better mood, and at the same time his gratitude to Chu Huan is the strongest.
Hu Yingxiang's words aroused laughter from everyone.
Since everyone is waiting for them to make up their minds.
Chu Huan was naturally not polite. The first thing was the publicity work of Huaye City!
Regarding the publicity matters of Huaye City, the public relations department of Huhua Real Estate and Jiaku Consulting Company have jointly come up with a complete set of publicity plans. At this time, Chu Huan has also asked the second team of Jiaku Consulting Company secretaries in charge of this meeting to
Several copies of the publicity plan were printed and placed in front of everyone present.
Guo Desheng and others all started to look at it.
Only Roy Bentley did not focus on the promotion of Huaye City, but instead focused on Chu Huan.
Cooperation with Chu Huan is regarded by Roy Bentley as his wisest choice, because the first phase of Huaye City is about to be completed. This super city-within-a-city that has attracted the attention of the whole Hong Kong will naturally also attract attention.
Attention HSBC.
Especially now that HSBC is the only cooperative bank with Huaye City.
The success of Huaye City will bring countless benefits to HSBC, and Roy Bentley, who is in charge of this project, will naturally benefit the most.
Just two days ago, Roy Bentley learned from Saya that if the sales of the first phase of Huaye City were good, then Saya would propose to Roy Bentley at the HSBC board meeting.
Served as the manager of the loan department of HSBC Bank.
This position is much more important than the position of Import Department Manager.
And all of this was brought to him by Chu Huan.
So at this time Roy Bentley already regarded Chu Huan as his best friend!
"Everyone knows the current market situation of the real estate industry in Xiangjiang. Although the Huaye City project has always been concerned, it will definitely be affected by some of the current general environment. Therefore, the main customers in the first phase of Huaye City will still be based on
Youth toys and employees of the struggling printing factory are the main targets.
At the same time, we have also cooperated with HSBC, and HSBC will become the only housing loan bank in Huaye City!"
Chu Huan preached while everyone was reading the brochure.
These are all things that everyone already knew when the Huaye City project was launched, so naturally they didn’t have any opinions.
"In addition, in order to attract more youth toys, the employees of Fendou Printing Factory purchase properties in Huaye City. I think the workers of these two factories should be given a certain discount on the selling price!"
Chu Huan continued to preach.
This decision made everyone look away from the publicity plan and looked up at Chu Huan. This already involved the interests of everyone sitting here, so they naturally had to pay more attention.
"Isn't it necessary?" Qi Dezun was the first to object, "I still know a little bit about the treatment of employees at Youth Toys and Endeavor Printing Factory. Their salary is higher than that of those in the same industry. If we give them preferential treatment in this way, will it?
Will it cause dissatisfaction among other customers?”
Chu Huan waved his hands and said: "Don't worry about this. After all, when the Huaye City project was started, there was already publicity in this regard, and the biggest customers of Huaye City are the workers of the two major factories. In today's Xiangjiang
With the current market situation of the real estate industry, we cannot afford to lose this group of customers!"
Qi Dezun pouted, but in the end he said nothing. Hutchison International's shareholding in the Huaye City project was too small and they had no say at all.
Even if he drags everyone else to his side, his proportion is still not as high as Chu Huan's. In the end, he still has to listen to Chu Huan.
What's more, these people are more willing to believe Chu Huan. If he says anything more, it will easily arouse Chu Huan's dissatisfaction.
Seeing that Qi Dezun stopped talking, Guo Desheng asked: "How much discount do you plan to give, Director Chu?"
Chu Huan said: "The opening price of Huaye City is now set at 110 Hong Kong dollars per square foot. The preferential price I am going to give to the employees of the two factories is 95%, which is 104.5 Hong Kong dollars per square foot. Now Huaye City
A total of 1.39 million square feet are for sale in the first phase. It is estimated that HK$150 million will be recovered when all are sold out, which does not include the rental of shops in the mall and the income from shop leasing!"
This selling price was determined after Lu Qi and others held many meetings. Huaye City belongs to a low- to mid-range residential area in Xiangjiang, and the selling price of this type of property in Xiangjiang ranges from HK$100 to HK$120. Mainly
Look at the location!
Huaye City is located in Shatin, so the location is naturally not a good one. However, Huaye City can satisfy the requirements of a community where residents can carry out daily life without leaving home, so the selling price is higher than that of properties here in Shatin, but at the same time
It is also lower than the land price in prosperous areas.
But even so, Tianhai Real Estate has made a lot of money.
When Chu Huan got this piece of land, he only spent 20 million, which was used for the mountain reclamation project and the purchase of the 3 million square feet of land.
The land area is only 3 million square feet, but the construction area is nearly 19 million square feet, which naturally includes various supporting facilities.
The residential construction area alone is about 14 million square feet. What is the construction cost of Huaye City? Taking into account the supporting facilities of Huaye City, the construction cost per square foot is about HK$53. In other words, even if it is based on the cost of the two major factories
For sale at a preferential price for employees, the Huaye City residences also have a profit of HK$51.5 per square foot.
This profit was still during the low period of the real estate industry in Xiangjiang, that is, only projects like Huaye City were able to see such profits, which was difficult for other real estate projects.
If the properties in the first phase of Huaye City can be sold and liquidated, it will bring a profit of more than 70 million yuan to Tianhai Real Estate.
It is precisely because of such profits that businessmen in Xiangjiang will swarm into the real estate industry in Xiangjiang in the later period.
If Chu Huan could wait a few years for land prices in Xiangjiang to recover, they would earn more by then.
Although their construction costs will increase, the housing prices in Huaye City will definitely rise even more.
Although the residences in Huaye City are a one-time sale, Huaye City does not sell shops or shopping malls, and the rents brought by these places will be calculated in the tens of billions every year in a few decades.
Zheng Yutong once said that the predecessor of Huaye City was Shatin City One. When Zheng Yutong was interviewed in another time and space, he said that when they were building Shatin City One, if anyone could do this project alone, who would be the one?
The largest landowner in Xiangjiang.
Unfortunately, the Shatin City One project was too big for Zheng Yutong and others at the time, and they could not do it alone!
Everyone sitting here has a certain idea in mind and understands the profits brought by this project. After hearing what Chu Huan said, naturally there was no other opinion.
The next meeting will be about some details. Because of the existence of Chu Huan as the absolute controlling party, naturally there will be no quarrels.
Soon everyone agreed on the details of the opening of Huaye City.
After the meeting, everyone stood up and prepared to leave, but Qi Dezun stayed.
"Taiban, what's the matter?"
Chu Huan asked Xu Yi to prepare a cup of coffee for Qi Dezun, and then asked aloud.
Although the situation of Hutchison International was not very good at this time, Qi Dezun did not show much embarrassment on his face, and he still maintained his momentum as one of the four major British-owned foreign companies in Hong Kong.
"Ah Huan, your growth is really impressive. If you had been as strong as you are now, you would have directly acquired the milk company, right?"
Qi Dezun did not tell his purpose immediately, but praised Chu Huan.
Chu Huan looked modest and said with a smile: "It's useless to talk about things in the past now."
Qi Dezun nodded and said: "Yes, it has passed after all. At that time, I saw that you are not an ordinary person, Ah Huan, so I have always wanted to cooperate with you. Although we are now involved in the Huaye City project, I think we can still
There can be more in-depth cooperation.”
Chu Huan showed a hint of interest and asked, "I wonder what Taipan means?"
Qi Dezun said: "We at Hutchison International now have a major cooperation with Indonesia. I hope you, Ah Huan, can join, so that you can expand your business territory in Indonesia and at the same time deepen the cooperation between us!
"
Chu Huan immediately showed an interested expression and asked: "How much funds are needed?"
When Qi Dezun saw that Chu Huan didn't even ask about the project, but directly asked how much it would cost, he felt happy because it meant that Chu Huan was interested in this project.
As I said just now, Hutchison International’s current situation is not good, but how bad is it?
To put it simply, the market value of Hutchison International was as high as HK$7.234 billion at its peak. This was the market value before the stock market crash last year. But where is it now?
Hutchison International's current market value is only HK$340 million, 4.7% of its peak value.
It is obvious that the Huaye City project will not return the first-phase profits to Hutchison International, so Hutchison International urgently needs capital injection. Only in this way can the current Hutchison International be saved.
In October, Chu Huan spent money like he was throwing away money, but it left a deep impression on the business community in Xiangjiang.
So now Qi Dezun sets his target on Chu Huan.
But will Chu Huan fall into the trap?
Definitely not!
It has been said before that Chu Huan has a big plan for next year, and Chu Huan’s big plan is to acquire Hutchison International!
In another time and space, Hutchison International will be in crisis next year because of the big project in Indonesia that Qi Dezun just talked about. This will be the last straw for Hutchison International.
At that time, Qi Dezun convened a board meeting and proposed that Hutchison International's shareholders inject funds to ease Hutchison International's difficulties, but shareholders represented by Yi HSBC rejected this proposal.
Hutchison International's international creditors are also seeking international legal means to require Hutchison International to be liquidated. With no choice, Hutchison International can only accept HSBC's proposal, and HSBC will invest HK$150 million to acquire Hutchison International 33.65
% controlling interest.
It was precisely because of this operation that HSBC became the majority shareholder of Hutchison International. Then Hutchison International's board of directors was reorganized, and Qi Dezun sadly resigned!
In a few years, HSBC will package and sell Hutchison International, which has been renamed Hutchison Whampoa, to Lijiacheng, which will become the fundamental reason for the real rise of Lijiacheng.
Now that Chu Huan has the idea of acquiring Hutchison International, he will naturally not invest in Hutchison International at this time. The inquiry just now was just to show off in front of Qi Dezun.
After all, Chu Huan's opponent next year will be Hong Kong's giant HSBC, so Chu Huan will have more chips in his hands, and Qi Dezun's IWC is still the largest shareholder of Hutchison International.
In fact, when Qi Dezun took over Hutchison International, he held the entire controlling stake in Hutchison International, but Qi Dezun was too greedy.
After taking charge of Hutchison International, Qi Dezun immediately took charge of the listing of Hutchison International. Taking advantage of the psychology of some investors about the prospects of foreign stocks, he launched a series of acquisition activities through the issuance of new shares.
This has also resulted in Qi Dezun’s controlling stake in Hutchison International becoming less and less. Now, Qi Dezun’s controlling stake in Hutchison International is less than 30%.
But the old British-owned foreign banks in Xiangjiang basically operate in this way, including Jardine!
Although the Keswick family is the founding family of Jardine and its largest shareholder, their stake in Jardine will never exceed 20%, and Jardine’s controlling stake in Land will never exceed 25%!
This is also the reason why some Chinese-funded consortiums were concerned about Jardine and Land. However, the status and influence of British-funded consortiums such as Jardine and Land in Hong Kong cannot be shaken. In addition, the Chinese-funded consortiums throughout the 1970s were still
In the growth stage, and the background of Hong Kong.
This allowed them to spend the 1970s and 1980s peacefully... But even so, Bao Yugang still snatched the Wharf from Yihe.
This chapter is not over yet, please click on the next page to continue reading! Bao Yugang’s influence is no longer limited to Xiangjiang.
"You don't need much, 100 million Hong Kong dollars is enough!"
100 million Hong Kong dollars?
Not much?
At this time, there are probably only a few companies in Hong Kong that can come up with this amount of funds, including banks in Hong Kong. The stock market in Hong Kong has hit rock bottom, and the Hang Seng Index has even dropped to 150 points. At this time, everyone is tightening their pants.
Live life with a belt.
Chu Huan showed a troubled expression and said: "Taipan, it stands to reason that I am very interested in your proposal, but you also know that I bought Chinese Real Estate and Golden Harvest in order to vent my anger on HSBC.
, and also paid off the remaining balance of the Golden Gate Tower.
To tell you the truth, I really can’t raise so much funds now!”
"100 million is not enough, but 80 million is okay!" Qi Dezun said impatiently.
Chu Huan shook his head and said: "I'm really sorry. I can come up with 80 million yuan, but now several companies under my name are developing and they all need cash flow. If something happens to that company, I will
The entire business landscape is likely to face financial difficulties.
I’m afraid I won’t be able to cooperate with Mr. Taipan this time!”
Hearing what Chu Huan said, Qi Dezun looked disappointed. He had thought that Chu Huan could bring him a surprise, but he didn't expect that his joy would be in vain in the end.
Later, Qi Dezun gave it a try, but Chu Huan ultimately did not agree to Qi Dezun's request for cooperation.
In the end, Qi Dezun left Jiahu Building helplessly.
Chu Huan also asked Qin Peng to drive to Fengwu Securities directly after Qi Dezun left Jiahu Building.
"What happened? Are you so anxious?"
Seeing Chu Huan suddenly coming over, Cao Yunshang asked curiously.
"Immediately start purchasing Hutchison International's shares as a retail investor. Don't reveal your flaws and don't let anyone know."
Chu Huan preached with some excitement.
Hutchison International's stock price at this time has no way of representing their true asset value, especially after Qi Dezun's crazy expansion in the 1960s. Hutchison International owns a number of high-quality industries, among which the most important to Chu Huan is Huangpu Shipyard.
Watsons, Junyicang and major foreign banks, the real estate of Huangpu Dockyard, Watsons' retail, and foreign companies' import and export trade, some of these can fill Chu Huan's business territory, and some can fill in the missing parts of Chu Huan's business territory.
When Cao Yunshang heard that Chu Huan wanted to acquire Hutchison International's shares, she immediately showed an expression of surprise.
She is different from Chu Huan. Chu Huan wants to acquire Hutchison International just because Hutchison International has what Chu Huan wants. As a native of Xiangjiang, Cao Yunshang can be said to have grown up listening to the legend of Ah Si Dayang.
Now the legend is right in front of us, and there is even a high possibility that he will be acquired by his own man.
Such excitement is naturally understandable.
"The heads are ready and ready for action!"
Even though he was very excited, Cao Yunshang was still able to quickly regain his composure after the surprise. Chu Huan had not been thinking about the acquisition of Hutchison International for a day or two. Before, Chu Huan just asked Cao Yunshang to prepare the retail investors, but Cao Yunshang
I don't know exactly what Chu Huan wants to do.
Now that I know it, I naturally want to ensure that there won't be any problems on Chu Huan's side.
Chu Huan warned: "This matter must be done very secretly. We are not the only ones keeping an eye on Hutchison International."
In another time and space, why did HSBC reject Qi Dezun’s idea of rescuing himself? It was not because he was thinking about Hutchison International. As for whether HSBC was thinking about Hutchison International at this time, or whether it was really worried about Hutchison International after problems occurred, Chu Huan did not
knew.
But no matter what, it’s never wrong to be careful about this matter.
If the fact that I want to acquire Hutchison International is leaked, one is that it will definitely attract the joint attack of companies such as HSBC and Jardine Matheson. If I get the final payment of the land in the Golden Gate Tower, I will not be short of money now.
Another thing is that under the current situation in Hong Kong, it is difficult to guarantee that some Hong Kong government officials will come forward to stop this matter.
One of the largest British-funded consortiums in Hong Kong is going to be acquired by a Chinese businessman, and the British guy wants to save face.
"No problem, this matter is only known to me, Liu Zhiyuan, and Chen Tao." Cao Yunshang also knew the importance of this matter.
Then he asked: "How long are you going to do this, and how many shares of Hutchison International are you going to acquire?"
Chu Huan pondered for a moment, because when Hutchison International joined the Huaye City project, Chu Huan had already obtained 5% of Hutchison International's shares, and this time Chu Huan is going to fight against HSBC, and Qi Dezun will be the one in the future.
You need to win over him, but you must have more shares than him so that you can have more say.
Thinking of this, Chu Huan said seriously: "It is best to acquire 25% of the shares before August next year!"
Hutchison International will hold a board meeting next year to deal with the financial crisis in September, but Chu Huan can no longer remember the specific day.
As for the 25% stake in Hutchison International, Chu Huan has carefully calculated it. These shares plus the shares in Qi Dezun's hands will definitely exceed 51%. And when Hutchison International is hit by thunder, the securities firms in Xiangjiang will also
Will start selling Hutchison International stock.
At that time, another thunderous strike was made to acquire Hutchison International shares from these securities firms and some shareholders who wanted to sell Hutchison International shares.
At that time, Chu Huan will hold more shares in Hutchison International than Qi Dezun!
Cao Yunshang nodded and said: "Yes, but according to the current stock price of Hutchison International, no one will notice it at the beginning, but I think when the acquisition exceeds 17%, there will be a risk of being discovered!"
Chu Huan no longer cared about this at this time and said: "Buy it first!"