Sino Real Estate is not fighting alone. With this land auction in Tsim Sha Tsui, Huang Tingfang and his son understand that this is the foundation for whether Sino Real Estate can gain a foothold in Hong Kong.
So after thinking about it for a while, we decided to find Malaysian co-founder Guo Henian to form a company to compete with real estate companies in Hong Kong for land in Tsim Sha Tsui.
Guo Henian has long taken a fancy to the development of Hong Kong, especially after Chu Huan rose up. Guo Henian has been looking for opportunities to enter Hong Kong in the past two years, and this time the Hong Kong government has taken out the Tsim Sha Tsui area. The auction just gave Guo Henian the opportunity, so when Huang Tingfang found Guo Henian, the two hit it off!
"This auction is probably going to be a battle between dragons and tigers!"
At this time, Kuo Ho-nien was negotiating with Huang Tingfang and his son in the guest room of the Peninsula Hotel. Kuo Ho-nien was standing by the window on the top floor of the Peninsula Hotel, looking to the east. Across Chatham Road, Kuo Ho-nien seemed to see East Tsim Sha Tsui, where the reclamation project had just been completed. .
And that's where he placed his business territory in Xiangjiang.
But at this time, the expression on Guo Henian's face was not very good, because they, like Li Jiacheng and Shen Bi, learned that Chu Huan wanted to personally participate in the auction of this land!
At this time, no one in Xiangjiang or even in the entire Southeast Asia dared to underestimate Chu Huan's energy.
"Brother Guo, you have a good relationship with Chu Huan. Can you find out what Chu Huan thinks about this land in East Tsim Sha Tsui?"
Huang Tingfang sat on the sofa behind Robert Kuok and asked nervously as well.
When Chu Huan proposed to him that he wanted to acquire part of Xinhe's land in Tsim Sha Tsui, Huang Tingfang did not agree. At first, he thought that Chu Huan just wanted to expand their company's land reserve in Tsim Sha Tsui, but he did not expect that Chu Huan was also interested in the current Hong Kong I am interested in the land offered by the government.
Guo Henian shook his head and said, "I haven't seen Chu Huan recently, but I think even if I did, Chu Huan wouldn't tell us about this kind of thing!"
Compared to Huang Tingfang, the relationship between Guo Henian and Chu Huan is much closer, but Guo Henian also understands that this is normal business competition, even if it is mixed with the conflict between himself and Chu Huan. Personal relationships, on this matter, are unlikely to make any big breakthroughs.
Huang Tingfang also knew about this kind of thing. After hearing Guo Henian's words, Huang Tingfang could only shake his head helplessly.
"As long as his target is not the land near the sea!"
The land that Sino Real Estate and Kwok Ho-nien are interested in is the land north of Salisbury Road in East Tsim Sha Tsui. If Chu Huan does not show up this time, then the company formed by Huang Ting-fang and Kwok Ho-nien will win the land that Huang Ting-fang is targeting. On that piece of land, Robert Kuok built his own Shangri-La Hotel, and Sino Properties built Tsim Sha Tsui Center, Empire Center, Hershey Center, Wing On Plaza, Nanyang Center, and Tsim Sha Tsui which has been renamed Ming Fai Center. Plaza, these huge developments not only connect Hung Hom and Tsim Sha Tsui, but also develop Tsim Sha Tsui into a modern shopping and tourism center, laying the foundation of Sino Group.
This series of beautiful commercial buildings in Tsim Sha Tsui East District is the representative work and symbol of Sino in Hong Kong.
If Land dominates Central, Wharf dominates Tsim Sha Tsui, and Hysan dominates Causeway Bay, then Sino takes the lead in East Tsim Sha Tsui and is well-deserved to be the "King of East Tsim Sha Tsui".
Because of this, Sino Properties later changed its name to Tsim Sha Tsui Properties.
However, compared with established real estate groups such as Land, Wharf, and Hysan, Sino Real Estate has two obvious differences in investment strategies. First, Sino Real Estate focuses on real estate development and real estate investment as a supplement. Therefore, in addition to retaining the Tsim Sha Tsui Center,
Except for Empire Center and Happiness Center, the rest are now available for sale.
At that time, the properties launched by Sino in Tsim Sha Tsui East were very popular in the market. Wing On Plaza even set a record of being sold out on the day of launch, making it a sensation.
Second, Sino Properties often develops real estate properties in cooperation with the private companies of the Wong family, the major shareholder. For example, in Tsim Sha Tsui Centre, Sino Properties holds a 45% interest, and the remaining 55% is held by the Wong family.
Of course, the development now is different from that in another time and space. Because of the emergence of Chu Huan, it is unclear whether Xinhe can still dominate Tsim Sha Tsui East.
The last company interested in the reclamation project in East Tsim Sha Tsui was Wharf, one of Jardine Matheson’s right-hand companies!
At this time, Wharf had not yet been paid attention to by Li Jiacheng and Bao Yugang. Like Land, it was an important component company of Jardine Matheson, the largest British-funded consortium in Hong Kong.
It owns some terminals, warehouses, hotels, buildings, trams, and the Star Ferry along Tsim Sha Tsui Waterfront, the New Territories and Hong Kong Island. It can be said that whoever owns Wharf controls the most important cargo handling and warehousing in Hong Kong.
business.
What is particularly important is that Wharf owns a large area of land with great development potential on the waterfront of Tsim Sha Tsui, where land is at a premium. At that time, valuable comprehensive properties such as Ocean Terminal, Ocean Center and Harbor City were successively built, becoming a well-known landmark in Tsim Sha Tsui District.
king.
In particular, Wharf Harbor City, which is currently under construction, is known as "Asia's largest and most successful comprehensive commercial center." At this time, Harbor City was still under construction, and the actual completion would not be completed until the early 1980s, which took more than 10 years.
time.
However, it is precisely because of the rapid development of Wharf that in order to raise huge funds for the development of Ocean Center and Harbor City, Wharf issued new shares and gave out bonus shares many times, resulting in a low stock price and a large amount of shares flowing into the hands of retail investors.
The commercial buildings built by Wharf are mainly for rent, with slow cash flow and low profit growth. This is in sharp contrast with the sharply soaring land prices in Xiangjiang, and is particularly in sharp contrast with Tsim Sha Tsui, which is located in a prosperous business district and where land is at a premium.
It's just that in another time and space, when the Wharf was built, it still belonged to Jardine. By the time Harbor City was fully completed, it already belonged to Bao Yugang.
At this time, the chairman of Jardine Matheson is no longer Henry Keswick. Henry Keswick has resigned as the chief executive of Jardine Matheson. Naturally, he is no longer the chairman of Landmark and Wharf. Now the chairman of Landmark and Wharf is
The current president of Jardine Taipan New Bijian!
Newbijian was born in Tianjin in 1934. His father was an employee of the Tianjin branch of Jardine Matheson. Newbijian was educated in England and served in the military. He later worked for Jardine Matheson in Hong Kong.
Niubijian can speak Mandarin relatively fluently and can understand and speak Cantonese.
Newbijian was promoted to director of the company at the age of 41. He was appointed as the company's executive officer this year at the age of 41.
He had no background in Jardine and was promoted based on hard work.
No one in the Keswick family wanted to stay in Hong Kong for a long time, so the taipan was filled by people outside the family all year round.
After entering the 1970s, Yihe, like Hehe International, set its sights overseas. As a result, it not only got stuck in the mud, but also hit rocks everywhere, causing its own vitality to be severely damaged. This actually laid the foundation for Bao Yugang's subsequent acquisition of Wharf.
Foreshadowing!
When Henry Keswick was the chief executive of Jardine Matheson, Jardine's development strategy was conservative. But after Newbijian was promoted to chief executive of Jardine Matheson, Jardine's development strategy made a 180-degree turn, turning to aggressive and impatient
and speculation.
Especially when Xiangjiang Real Estate once again entered a new reincarnation period and housing prices began to rise sharply. During this period, Hong Kong Land successively invested in several large projects worth over one billion. As a result, in the 1980s, Xiangjiang Land became Xiangjiang Land.
There is no real estate company with the highest debt ratio!
At this time, Newbijian's radical character had begun to show.
Wharf's Harbor City project has not yet been completed, and Newbijian has already set his sights on the land in East Tsim Sha Tsui that the Hong Kong government is planning to launch.
Like Li Jiacheng and Huang Tingfang, Niubijian also regarded Chu Huan as his most important opponent.
"Bao Fuda, do you think Chu Huan has chosen that piece of land this time?"
Sitting in his executive office, Niubijian can overlook the entire scenery of Hong Kong Central.
At this time, Bao Fuda was the general manager of Land and Wharf, and he and Niubijian were very compatible business partners.
Bao Fuda shook his head at this time and said, "I can't guess, but according to Chu Huan's character, he must want the best piece of land!"
Niubijian nodded, agreed with Bao Fuda's analysis, and said, "How is the issue of new shares issued by Wharf?"
As mentioned before, because Wharf is planning to develop Harbor City and other projects, it has already been short of cash. Now it wants to compete with many real estate companies in Hong Kong and Chu Huan, a prostitute like Chu Huan, for land in East Tsim Sha Tsui. It must be prepared.
Sufficient cash.
The way Newbrick prepared cash was to issue additional Wharf shares and find a loan from HSBC!
Because just last year, Jardine Matheson and HSBC completed a share exchange, HSBC got the shares of Jardine Matheson 5, and Jardine Matheson got the shares of HSBC 3.
After becoming a shareholder of HSBC, Jardine Matheson used this status to obtain a large number of loans from HSBC.
In fact, the current Newburgian is just like the Qianlong of ancient China, and his predecessor, Henry Keswick, the Chief Executive of Jardine, was Yongzheng.
During Henry Keswick's tenure as Jardine's chief executive, he accumulated a large amount of wealth for Jardine. However, Newbigan was so happy that he started aggressive strategies. When he resigned as chief executive of Jardine, he almost replaced Henry Keswick.
All the wealth left for Jardine was spent, and a lot of money was borrowed from the bank!
Like the Qing Dynasty, Yihe seemed to be a great power during the Qianlong period, but in fact it had already been coveted by European and American countries.
"The allotment has been completed. Hong Kong stockholders are still very optimistic about Wharf's stocks. Once the new shares were put on sale, they were quickly snapped up!"
Bao Fuda preached with a complacent expression.
Niubijian smiled and said, "If that's the case, then let's have a good meeting with this young talent from Xiangjiang!"
Bao Fuda's forehead slightly changed.
Chu Huan, a young talent from Xiangjiang, naturally didn't know that he had become the focus of everyone's attention. At this time, Chu Huan had already arrived at HSBC and was preparing to meet with HSBC's senior manager Sha Ya.
"How's the discussion going?"
Roy Bentley personally waited for Chu Huan in the lobby of HSBC. When he saw Chu Huan walking in, he immediately stepped forward and asked.
He knew what Chu Huan had discussed with Li Xiaohe and Shao Yifu in advance.
Chu Huan said with a confident smile, "I don't think Mr. Shen will be satisfied with this result."
Hearing what Chu Huan said, Roy Bentley immediately smiled on his face.
The two walked into Sha Ya's office together, and Chu Huan saw Shen Bi already sitting here.
"Haha, Director Chu, you were the first to arrive!" After seeing Chu Huan, Sha Ya laughed loudly, "Li Xiaohe and Shao Yifu haven't arrived yet!"
Chu Huan said nonchalantly, "You two are seniors in the business world, so I should wait."
Sha Ya smiled and said, "No matter what the outcome of today's events is, I don't want to affect our relationship."
"That's natural." Chu Huan replied, "But I still hope that today will be a good result!"
When Shen Bi saw Chu Huan and Sha Ya talking and laughing here, he raised his eyebrows slightly and didn't know what he was thinking.
"By the way, I heard that Mr. Chu, you are planning to represent Hang Lung in the land auction held by the Hong Kong government at the end of this month?"
Sha Ya changed the subject and chatted with Chu Huan.
Chu Huan nodded and said, "Yes, although the Hong Kong government used to put land up for auction every year, it is still rare to see such a large scale. And I personally am very optimistic about the future development of East Tsim Sha Tsui." , so I thought of trying my luck.”
The Hong Kong government puts up land of varying sizes for auction every year, which is also one of the main sources of fiscal revenue for the Hong Kong government. However, as Chu Huan said, if it puts out 174 hectares at once this time, it is nearly 190 hectares. It is still rare for land worth tens of thousands of square feet to be put up for auction.
Moreover, it is land in Tsim Sha Tsui, not a remote area like the New Territories. Chu Huan built Huaye City before and only spent 20 million Hong Kong dollars to purchase the land. But if it were replaced by Tsim Sha Tsui, the price Chu Huan would have to spend would probably be more than HK$10. More than twice as much.
Sha Ya smiled and said, "The future development of East Tsim Sha Tsui is indeed very impressive, but if we really enter the market, the future expenses will probably be quite high!"
For people at the level of Chu Huan or HSBC, the price of the land in East Tsim Sha Tsui is actually not important. What is important is how to develop this land in the future.
Chu Huan smiled lightly and said, "I think this shouldn't be a problem. After all, the relationship between our two families is very good. I don't think Shaya's senior class will not help me, right?"
When Sha Ya heard this, the smile on her face became brighter. In fact, everyone in Xiangjiang knew that Chu Huan's project was definitely not a small project, and Sha Ya also hoped that HSBC would play a vital role in Chu Huan's continued development.
function.
In fact, what Sha Ya is doing is the same as what Shen Bi is doing. The most fundamental purpose is to penetrate into Chu Huan's core enterprise.
It's just that the way Sha Ya chose is more gentle.
"Actually, there is a way for Director Chu to raise funds better and save more bank interest!"
Sha Ya suddenly preached to Chu Huan.
Chu Huan's heart suddenly became more energetic. The big bad wolf gave up his belly and reminded the little sheep to grow up well. This was not out of any good intentions, but because the big bad wolf wanted more.
"I wonder what Taipan's solution is?"
Sha Ya smiled and said, "Now the stock market in Xiangjiang has seen an improvement, and so has the land price. Coupled with your influence in Xiangjiang, Mr. Chu, if you choose to relist Hang Lung Properties, I think Hang Lung will definitely become the highest stock price in Xiangjiang."
One of the real estate companies, in this case, Director Chu will naturally not have to worry about funds!"
Well, when the time comes, the listing of Hang Lung Properties can also be handed over to HSBC's Huduoli, which is responsible for the listing of Hang Lung Properties. By then, HSBC will not only obtain the shares of Hang Lung Properties, but also make a lot of money with the help of the listing of Hang Lung Properties!
Shen Bi on the side also showed the same expression.
With the establishment of the Gold and Silver Stock Exchange and the Kowloon Stock Exchange, the Hong Kong stock market has formed a situation of "four dragons playing with a pearl".
Before the stock market crash, the stock market surged and listed companies sprung up like mushrooms after a rain.
The opening and growth of the stock market have given merchant banks great opportunities for development. Financial institutions engaged in investment banking services such as corporate listings, asset hedging, fund management, M&A financing, bond issuance and stock reimbursement business - merchant banks have become popular.
In 1970, the British merchant bank Fulin Ming Company formed a joint venture with Jardine Matheson to establish the first merchant bank in Hong Kong market, Jardine Fu Limited.
After the establishment of Yee Fu, its business developed rapidly and it was extremely active in the field of mergers and acquisitions. In 1972, it assisted Land Corporation to annex the milk company, staged a "cattle war" in which Land Corporation acquired the milk company, and was a sensational event in the history of Heung Kong Securities.
.
In 1971, the British merchant bank Schroders, Standard Chartered Bank and the Kadoorie family jointly established Baoyuan Investment Co., Ltd.
The Baoyuan Trust Fund, which it established in January 1972, became the first fund managed in Hong Kong and invested all over the world.
Just like when retail banks were established in Hong Kong and started operations by a group of banks with head offices in other places, the first joint venture merchant banks established in Hong Kong always had a British company headquartered outside Hong Kong behind them.
In 1972, Tollywood Limited, founded by HSBC Bank, began to rise to prominence.
More than a year later, Duoli moved to the Connaught Building, the tallest building in Hong Kong and even Asia at the time, and officially operated independently as a wholly-owned subsidiary of HSBC, mainly engaged in securities underwriting, corporate consulting, corporate management and mergers and acquisitions, and financial investments.
, as well as medium and long-term loan and other businesses.
Unlike Jardine Fletcher, which shined brightly in the stock market M&A business, Duoli's performance was not active at the beginning, and it did not directly compete with Jardine Fletcher. However, as a merchant bank with a strong local flavor, just like HSBC itself, in addition to competing with Jardine Fletcher,
In addition to the close relationship with the British-funded consortium, it has also established close relationships with some newly emerging Chinese-funded consortia. Therefore, in the subsequent two major events of Bao Yugang's acquisition of Wharf and Li Jiacheng's acquisition of Hutchison Whampoa, there was a lot of profit.
Much.
It was obvious that Sha Ya was eyeing Chu Huan at this time. Getting Duoli was the first project Sha Ya made after taking up the position of HSBC executive, but it has not performed well so far. Although Sha Ya is not in a hurry, if she can
The completion of the listing of a company under Chu Huan's name will definitely cause a huge sensation in Hong Kong.
In fact, Sha Ya hopes that Huhua Real Estate will be listed. After all, Huhua Real Estate still has the huge project Huaye City in its hands.
But it is obvious that the development of Huhua Real Estate is very smooth now and does not require the intervention of external funds. And now Chu Huan, as Hang Lung Real Estate, has participated in the auction of land in East Tsim Sha Tsui. It is obvious that Chu Huan is preparing to have a big project.
Action.
Chu Huan did not reject Sha Ya immediately, but looked thoughtful. However, at this time, Sha Ya's secretary came in to report that Li Xiaohe and Shao Yifu were about to arrive at HSBC.
"I need to think about this matter carefully before I can answer the big class!" Chu Huan said with a smile.
Sha Ya didn't have any objections to this. As long as Chu Huan didn't refuse at the first time, this was already a good start.
He smiled and said, "This is what it should be."
Shen Bi also stood up at this time and said to Sha Ya, "Mr. Taipan, I will personally greet them both!"
Sha Ya slightly nodded her head.
Shen Bi left Sha Ya's office and came to the lobby of HSBC. In less than a minute, he saw Li Xiaohe and Shao Yifu appearing in the lobby of HSBC.
This chapter is not over yet, please click on the next page to continue reading the exciting content! "You two, welcome!"
Shen Bi maintained his demeanor and greeted Li Xiaohe and Shao Yifu.
As the top wealthy family of the older generation in Xiangjiang, and Li Xiaohe is now older, the Li family will naturally not be too deliberate in currying favor with the general manager of HSBC.
The same is true for Shao Yifu. Both of them are businessmen with absolute status in Xiangjiang. They can maintain a good relationship with HSBC, but they will never make themselves look like they are bowing to the general manager of HSBC.
"Mr. Shen, you're welcome!"
Li Xiaohe smiled calmly.
Shen Bi said, "You two, Chu Huan is already waiting inside. I think you two will definitely start a price war after a while. If you two need it, I can introduce you to some friends and provide financial support."
!”
Because of the previous conversation between Chu Huan and Sha Ya, HSBC would definitely not be able to openly support Li Xiaohe and Shao Yifu. However, Shen Bi, who has been professionally guarding against Chu Huan for twenty years, would naturally have his own actions. of.
Li Xiaohe and Shao Yifu looked at each other, then shook their heads at the same time, and then Li Xiaohe said, "We understand Mr. Shen's kindness, but we should talk about this matter after we meet Mr. Sha Ya's senior class!"
Shen Bi glanced at Li Xiaohe and Shao Yifu with some confusion. He always felt that there was something wrong with their attitudes today. This didn't look like they were coming to fight, right?
But thinking that Sha Ya was still waiting there, Shen Bi couldn't ask too much. He just led the two of them into the elevator and came to Sha Ya's office.
After the two sides exchanged pleasantries, Shen Bi finally understood why Li Xiaohe and Shao Yifu had such an attitude just now.
The two men actually gave up competing for HSBC's wireless shares.
"TVB was founded by two of you with a lot of hard work!" Shen Bi couldn't hold back his surprise for a moment and stood up directly to talk to Li Xiaohe and Shao Yifu.
"Mr. Shen!" Seeing Shen Bi's inappropriate speech, Sha Ya looked displeased and spoke in a deep voice.
At this time, Shen Bi also realized that he had lost his composure and sat back down in his seat, but the confusion in his eyes was still clearly visible.
As the largest TV station in Hong Kong, TVB has a low market value but huge influence. Li Xiaohe and Shao Yifu cannot fail to see that, but now they want Chu Huan to become the largest shareholder of TVB and divide their rights. ?
What's going on with this world?
Shen Bi couldn't understand.
Not only Shen Bi couldn't understand, but even Sha Ya was a little confused. When Li Xiaohe and Shao Yifu heard that Chu Huan wanted to acquire the shares of TVB from HSBC, they were very resistant. How come it had only been a day? The attitude of the two people has changed 180 degrees?
Devour
But when Sha Ya looked at Chu Huan who was sitting there without speaking, Sha Ya understood that these three people must have met in private and reached this consensus.
And Chu Huan must have come up with an offer or threat that the two of them couldn't refuse!
In response to this, Sha Ya's heart inevitably rekindled what Shen Bi said to her before. Chu Huan's influence is growing step by step. If it is really so big that even HSBC needs to be afraid of it in the future.
Although she had such thoughts in her mind, it was impossible for Saya to go back on her promise at this time. Since she had previously agreed to sell the TVB shares held by HSBC, if she refused now, HSBC's reputation would be hit.
After thinking about all this, Sha Ya smiled and said to Chu Huan, "Since Li Weng and Shao Weng are no longer interested in the shares of TVB, then our HSBC will naturally sell the shares of TVB to Director Chu. !”
After a pause, Sha Ya smiled and said to Chu Huan, "Director Chu, congratulations on becoming the boss of TVB!"
Li Xiaohe and Shao Yifu frowned slightly when they heard this title and looked at Chu Huan at the same time.
The sparkle in Chu Huan's eyes flashed, and then he smiled and said, "Mr. Taipan is wrong. I am not the only boss of TVB. Li Weng and Uncle Liu are also the bosses of TVB. We are just complementary in business. Everyone
It’s just common development!”
After hearing what Chu Huan said, the expressions of Li Xiaohe and Shao Yifu recovered.
Sha Ya laughed and said, "After hearing what Director Chu said, I have begun to regret selling my shares in TVB to Director Chu. In the future, under the joint management of Director Chu, Li Weng, and Shao Weng, TVB will definitely become the largest TVB company in Asia."
Good TV company!”
Chu Huan said with a smile, "I hope to borrow the good advice from Sha Ya Taipan, but I believe that as long as the foundation of TVB is still in Xiangjiang, there will definitely be no shortage of cooperation between us in the future!"
Sha Ya nodded and said, "That's natural!"
After the verbal exchange and mutual testing, Shaya no longer struggled with the matter and quickly asked her secretary to prepare all the legal documents.
Finally, after Chu Huan and Sha Ya signed and pledged their signatures on the two documents, HSBC's shares in TVB were officially sold to Chu Huan.
After the three parties congratulated each other, Chu Huan, Li Xiaohe, and Shao Yifu left HSBC together.
At the door of HSBC, Li Xiaohe squeezed out a smile and said to Chu Huan, "Ah Huan, I'll wait for you at the company tomorrow!"
"It's troublesome, Li Weng!" Chu Huan said with a smile.
The two parties separated, Chu Huan returned to Jiahu Building, and then called Fang Jianhui and Gu Chengxi respectively to tell them that the matter was over.
Fang Jianhui can organize people to join the management of TVB, and Gu Chengxi can also publish Chu Huan's plan to establish a media group as the front page headline of "True News" tomorrow.
I believe that after this matter is announced, it will definitely cause a sensation in the whole of Hong Kong!