403, Zhulu Real Estate with a market value of tens of billions
Jiahu Building, top floor, conference room!
Chu Huan, Huhua Real Estate General Manager Lu Qi, Hang Lung Real Estate General Manager He Bingguang, and more than a dozen senior executives from the two real estate companies were sitting at the conference round table, having a meeting.
At the same time, sitting on the left and right sides of Chu Huan, Xu Yi and Wu Shuhan, who had just come in!
Lu Qi was reporting to Chu Huan at this time.
"Up to now, Huhua Real Estate has fully owned the Jiahu Building, a commercial land of 320,000 square feet on Nathan Road in Mongkok. Based on a plot ratio of 15 times, a 480,000 square foot commercial building can be built. In addition, the company also
Tianhai Real Estate holds a 60% interest in Huaye City, three residential sites in North Point, two residential sites in Kowloon, and one residential site in the New Territories, and also has a land exchange interest letter of 270,000 square feet."
(p: When I described the equity percentage of Huaye City before, I wrote it wrong!
)
It can be seen from Lu Qi's report that for Huhua Real Estate at this time, the most valuable assets are actually the 60% interest in Huaye City and the Jiahu Building in Central.
In addition, the development direction of Huhua Real Estate is also more towards residential development, so during this period of time, the target of land hoarding is also residential land.
In addition, regarding the land exchange rights letter in the New Territories, Chu Huan handed it over to He Bingguang of Hang Lung Properties, but Lu Qi himself also believed that Hong Kong will definitely have to be developed as the population density of Hong Kong Island and Kowloon will increase in the future.
New Territories, so Huhua Real Estate has also begun to accumulate land exchange rights letters in the New Territories.
Furthermore, when Huhua Real Estate and Hang Lung Properties jointly purchased the Shaw Towers in Mong Kok, Huhua Real Estate has sold all of its interests in the building to Hang Lung Properties.
After Lu Qi finished his report, He Bingguang followed closely and reported on the situation of Hang Lung Real Estate.
"The Shaw Towers in Mong Kok, which Hang Lung Properties owns in full, is also a 4.32 million square foot commercial site on Nathan Road in Mong Kok, the Hang Lung Center in Luo Wan, the Parkview Commercial Center in Kowloon, and the Po Shing Building on Nam Wan Road in Hong Kong Island.
, the properties under development include the luxury building Hengbai Garden at No. 1 Litteton Road in the Mid-Levels of Hong Kong Island, Hang King Court and Hang Ying House on Yunjing Road in North Point, Laiwan Garden in Lai Chi Kok, and also all over Xiangjiang Island.
, various commercial and residential sites in Kowloon and the New Territories, including a land exchange rights letter of 4 million square feet in the New Territories, as well as the land in East Tsim Sha Tsui.”
It can be seen from He Bingguang's report that Hang Lung Real Estate develops both commercial and residential properties side by side.
If Huaye City is thrown out, there is no way Huhua Real Estate can compare with Hang Lung Properties. After all, the first phase of Huaye City has been sold, and the second phase will be completed in a few months. On the other hand, Hang Lung Properties
, land development in East Tsim Sha Tsui is naturally the most important.
But now even the drawings have not been released, so the two parties are evenly matched based on asset value alone.
However, if the current development trend continues, Hang Lung Properties will surpass Huhua Properties sooner or later.
After considering all aspects, Chu Huan finally determined the main positions of the merged real estate company.
For example, the newly merged real estate company will be officially renamed Zhulu Real Estate, and He Bingguang will serve as the general manager of Zhulu Real Estate, and Lu Qi will serve as the deputy general manager. In addition to being responsible for the company's daily management business, He Bingguang will also be responsible for the company's commercial affairs.
Building development.
Lu Qi will be responsible for the residential development of Zhulu Real Estate.
Then came the merger of the management of the two real estate companies. Some people were bound to leave their original positions. Through the cooperation of the operations department and the investigation department of Jiaku Consulting Company, the problematic and incompetent senior management were removed.
Those who are cleared internally and have no problems but are no longer suitable for the original position will join Jiaku Consulting Company based on their personal abilities and expertise.
In addition, because Sun Hung Kai holds 5 shares in Huhua Real Estate, now that the two companies merge, Sun Hung Kai holds 25 shares in Zhulu Real Estate.
"The company's three most important tasks for the next year."
Chu Huan began to give orders.
Everyone in the conference room took pens to take notes.
"The first task, the continued development of Huaye City, will continue to be the responsibility of Deputy General Manager Lu Qi."
The continuous development of Huaye City is a long and arduous task. Lu Qi has been in charge before, and it is not suitable to assign other candidates to take charge now.
"Understood!" Lu Qi said with a normal expression.
Lu Qi had already received notice in advance about serving as the deputy general manager of Zhulu Real Estate. At first, he must have been a little unconvinced. He had been responsible for the Huaye City project in the past two years, and it can be said that it went very smoothly.
For this project, you should be given the position of general manager.
But after Chu Huan talked to him alone, Lu Qi put aside his dissatisfaction and learned about Chu Huan's plan for the future development of the company. He knew that the future of the company was not only Xiangjiang, but also many big companies in other places.
This action made Lu Qi feel a lot better.
"The second task is that the company's development plan for this year and next is not to build more residential buildings, nor to build more commercial buildings, but to hoard land, whether it is at the Hong Kong government's land auction or among companies.
Mutual trading, within the next two years, the company will accumulate at least 5 million square feet of land, excluding the land exchange rights and existing land in the New Territories, with a ratio of commercial to residential at 4:6!"
Once this task was announced, everyone in the conference room was shocked by Chu Huan's generosity. No one expected that Chu Huan valued the hoarding of land so much. The most important thing is that this is not a small investment!?
He Bingguang, who has served as the general manager of Zhulu Real Estate, said, "Chairman, based on the current land prices in Hong Kong, if such a large area of land hoarding is completed, it will require at least 1 billion Hong Kong dollars to complete!"
Wu Shuhan, who was still calculating in his mind how many square meters of land 5 million square feet would be, couldn't help but look up at Chu Huan after hearing this number, with surprise in his eyes.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! In the past, when my uncle wanted to use 5 million Hong Kong dollars, he had to seek help from banks all over the world. Now I have just entered Chu Huan's company.
I heard that the other party was planning a big project worth 1 billion yuan.
How could this not surprise Wu Shuhan!
As for Chu Huan, he looked calm. The hoarding of 5 million square feet of land for 1 billion Hong Kong dollars would definitely be unstoppable, but Chu Huan had no choice. This year and next will be the lowest land prices in Hong Kong in recent years. Even if
When the land price cycle in Xiangjiang hits the bottom next time, it will not be possible to drop to the current price.
So for Chu Huan, now is the last best time left to hoard land. If you miss this opportunity, you will never have such an opportunity again.
Therefore, Chu Huan would rather not develop new properties in the past two years, but also hoard the land to the end.
Take Hang Lung Properties from another time and space as an example. In 1978, Hang Lung Properties spent HK$200 million to purchase approximately 10,000 square feet of land from the listed company Taohua Datong, with an average price of HK$899 per square foot.
But what now?
After Chu Huan purchased the land in East Tsim Sha Tsui, the price of land in Hong Kong increased. The price of this land was only HK$215 per square foot. In just three years, the price of land in Hong Kong has increased by more than four times.
So now, it's the last chance!
"This fund will be transferred to you in batches from Jiaku. Zhulu Real Estate also needs to set up a special department to be responsible for the investment of this fund!"
If you can really buy 5 million square feet of land within two years, then there will be no need to develop it. By the time 80 years come, the value of these lands will have increased by about five times!
Seeing that Chu Huan had solved the funding problem, He Bingguang said nothing.
But there were expressions of joy on the faces of everyone present. The first independent project of the new company after the merger was a large project worth more than 1 billion Hong Kong dollars. Although there are no newspapers publishing the land reserves of each real estate company yet,
They believe that in one and a half years, Zhulu Real Estate will be the company with the largest land reserve in Xiangjiang.
Chu Huan did not pay attention to the changes in everyone's expressions, but continued to preach.
"The third task is naturally the development of the land in East Tsim Sha Tsui. This matter will be handed over to General Manager He. However, given that this is the first such large-scale project that General Manager He is responsible for, Jiaku will then
Provide comprehensive help, and Deputy General Manager Lu will also assist!”
He Bingguang naturally hopes that he can take full responsibility for this matter, but he also understands that the level of this project in the company is even higher than that of Huaye City. He has indeed never handled such a large project.
Without the help of Jiaku and Lu Qi, it would be difficult to ensure that no problems would arise.
But thinking that the company would hoard land on such a large scale later, there would definitely be other projects waiting for me, so I happily accepted this arrangement!
"Vice President Lu and Manager Xu, we will need your help next time!"
He Bingguang preached to Lu Qi and Xu Yi.
The two smiled and said there was no problem.
Xu Yi even said, "Mr. He, when the design drawings from Cao Yunzu are sent and approved by the boss, I will arrange a joint meeting between Zhulu Real Estate and Jiaku. I hope that everyone can work together to help the company bring the cutting-edge solutions to the forefront."
The Zhulu Commercial Center in the East is ready!”
The commercial project developed on the land in East Tsim Sha Tsui already has its own name, called Zhulu Commercial Center!
He Bingguang nodded and said, "I will set up a competition team in the company during this period to be responsible for this matter. Then everyone will work together!"
The next meeting will be a discussion of some detailed issues.
"Hey, it's really big news. Hang Lung Real Estate and Huhua Real Estate merged to form a new real estate company called Zhulu Real Estate?"
Just when everyone was attracted by the headlines in major newspapers about HSBC's acquisition of Ocean Milan Bank of North America, someone finally saw the news about the merger of Hang Lung Properties and Huhua Properties in the economic section of "Zhen Bao".
However, the section occupied by this news was not large. There was only a small Sifang section, indicating that the two companies merged and were renamed Zhulu Real Estate Group. No other news was released.
That's not to say that this news is not sensational. In fact, this news is very sensational, but there is nothing the major newspapers can do. Zhulu Real Estate only released such a piece of news and nothing else.
Even if they want it, they can’t get it!
However, there are also many newspapers that have comprehensively reported on the situation of the two real estate companies.
The final conclusion is that with the establishment of Zhulu Real Estate, this real estate company will become a large real estate company like Land.
Just the two projects of Huaye City and Zhulu Commercial Center are enough.
Sun Hung Kai!
Guo Desheng, Guo Bingxiang, and Guo Bingxiang, with long hair covering their ears, Guo Bingjiang, the second son of the Guo family, who had just returned from studying in North America, were sitting in Guo Desheng's office.
"How many real estate companies does Ah Huan have under her name now?"
Guo Dejiang put down the newspaper in his hand and asked Guo Bingxiang in a deep voice.
Guo Bingxiang said with his fingers, "The newly merged Zhulu Real Estate, Tianhai Real Estate, a subsidiary of Zhulu Real Estate, the listed company Huaren Real Estate, Huaren Real Estate, which cooperated with us to purchase Xiangjiang, Huahai Real Estate of Tokyo Real Estate, and Huahai Real Estate, which cooperated with Eagle Real Estate
Jun Real Estate, Haiyun Real Estate, which cooperates with Seibu Group in Japan.
There are only two big ones, Zhulu Real Estate and Chinese Real Estate. If you include other holding companies, there are a total of six real estate companies!"
"So, Ah Huan is preparing to go all out in the real estate industry in Xiangjiang!"
After Guo Desheng listened, he couldn't help but preach.
Guo Bingjiang, who had just returned to Xiangjiang, said at this time, "Daddy, after I came back, I also read some information about the real estate companies under Chu Huan's name, and found something very interesting."
This chapter is not finished yet, please click on the next page to continue reading the exciting content! Guo Desheng and Guo Bingxiang looked at Guo Bingjiang at the same time. At this time, the two brothers Guo Bingxiang and Guo Bingjiang had not fallen out. In fact, even in the two years after Guo Desheng's death
, the relationship between the three brothers is also very good.
All of this was because of Guo Bingjiang's dramatic change of temperament after being labeled as a drug candidate, which led to the three brothers turning against each other. Guo Bingxiang even sent his two younger brothers to Stanley for a period of time.
"What's the meaning?"
Guo Desheng asked Guo Bingjiang.
Guo Bingjiang said, "I found that in the past two years, in addition to the Huaye City that was under construction and the properties that had already started construction before the acquisition of Hang Lung Real Estate and Huhua Real Estate, Chu Huan's name has been
The company has accumulated a lot of land, but in contrast, there are not many newly developed properties, and the proportion is far lower than that of other real estate companies in Xiangjiang. And depending on what he means, which properties developed are more like using
To repay the bank loan, it doesn’t seem like it was developed for the company’s continued development.”
Guo Bingxiang asked in confusion, "Is there anything wrong with this? Ah Huan has sufficient financial support, so naturally he doesn't need a bank loan."
Guo Bingjiang shook his head and said, "Everyone knows that Chu Huan has sufficient funds to supplement, but I think he can't use all the funds in real estate. The development of other companies also requires funds, but now
The situation is that the main development directions of Chu Huan's own real estate company are actually two aspects.
One is to purchase a large amount of land for hoarding.
The second is to form a real estate company with my eldest brother and you to buy high-quality properties in Xiangjiang, and now we have set our sights on Japan."
Guo Desheng smiled after listening to Guo Bingjiang's analysis and said, "Are you trying to say that it's time for Xiangjiang's real estate industry to pick up?"
Guo Bingjiang nodded seriously and said, "If we look at Chu Huan's previous development strategy, first of all, he is definitely optimistic about the development of the New Territories in the next ten or even fifteen years. Secondly, he is optimistic that the real estate market in Hong Kong will pick up or even substantially in the next few years."
Otherwise, Chu Huan would not be able to invest so much money in Xiangjiang’s real estate business!”
Guo Bingxiang figured it out at this time and praised, "Second brother, you can do it. Not long after you came back, you have studied the things here so clearly!"
Guo Bingjiang sneered and said, "I think there is no one in Xiangjiang at this time who would not study Chu Huan."
After finishing speaking, Guo Bingjiang asked Guo Desheng, "Daddy, the most important thing for us now is whether we should believe Chu Huan's judgment!"
Guo Desheng wanted to test Guo Bingjiang, so he asked him, "If we believe Chu Huan's judgment, what should we do? If we don't believe Chu Huan's judgment, what should we do?"
Guo Bingjiang obviously already had the answer, and replied, "If you believe Chu Huan's judgment, then our company's future development direction will change. We should allocate part of our energy to hoard land in Xiangjiang. If you don't believe it,
If so, then we will continue to develop our company in accordance with the established development strategy."
As mentioned before, Sun Hung Kai is a building manufacturer in Hong Kong. They regard real estate development as an assembly line work, buying land, building buildings, and selling buildings. Although they will also make moves in hoarding land, it is not very big.
Now that Guo Bingjiang is saying this, he obviously wants to change Sun Hung Kai's entire development plan.
After hearing this, Guo Desheng looked at Guo Bingxiang and asked, "What do you think?"
"I think we should hoard more land!" Guo Bingxiang said firmly.
Guo Bingjiang understood that his elder brother trusted Chu Huan's judgment.
Guo Desheng nodded, and then said to Guo Bingjiang, "I will arrange for a vice president of the company to be responsible for this matter. Then you can follow him and learn more."
Although it was Guo Bingjiang who raised this question just now, he never expected that neither his eldest brother nor his father would believe that Chu Huan's judgment was correct so easily.
Guo Bingxiang saw the doubts in Guo Bingjiang's mind and said with a smile, "Second brother, you and third child have been studying in North America in the past few years. Although you have heard some things about A Huan, some things are still not clear.
Our Guo family couldn’t say this even when we first met Chu Huan. It should be said that from the time A Huan first entered the business world in Hong Kong, we people have never seen A Huan fail.
In other words, Ah Huan is a winner from beginning to end.
Since Ah Huan has been successful, why should we doubt a person who can continue to be successful?
The most important thing is that even if Ah Huan's estimate this time is wrong, it will not cause much loss to our family. Our family is in the real estate business, and hoarding land is what we should do.
Now that you have done this and exercised your ability, why not do it!"
Guo Bingjiang nodded.
Guo Desheng said at this time, "Axiang, now that Ajiang is back, when your circle gathers in the future, bring Ajiang with you. Now our generation can still protect you from wind and rain in the business world, but in the future we will definitely need you."
I created it myself, and looking at the current development trend, maybe in less than 10 years, Chu Huan will become the leader of the Xiangjiang business community, and by then the entire Xiangjiang business community will be dominated by your generation!"
"I know daddy." Guo Bingxiang said with a smile, "Father and son go into battle to fight tigers as brothers!"
When Guo Desheng saw what Guo Bingxiang said, Lao Huai comforted him and said with a smile, "I hope you brothers can be better than us in the future!"
Not only Sun Hung Kai's Kwok Desheng and his son are discussing this matter, New World's Zheng Yutong, Zheng Jiachun and his son, Hu Yingxiang of Hopewell Real Estate, Dachang Real Estate, Sino Real Estate, Cheung Kong and other real estate companies in Hong Kong are now discussing this matter internally.
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In the end, everyone came to the conclusion that they believed in Chu Huan's judgment!
This chapter is not over yet, please click on the next page to continue reading! Such a judgment has led to a problem, that is, the real estate market in Xiangjiang has officially begun to pick up at this moment, and has even surged in advance.
At the same time, due to the improvement of the real estate market in Xiangjiang, the stock market in Xiangjiang has also undergone corresponding changes, and it has begun to pick up and soar.
Later generations of people studied the business history of Xiangjiang during this period and called the acquisition of land in East Tsim Sha Tsui by Hang Lung Properties as a sign of the recovery of the Xiangjiang real estate industry. The merger of Hang Lung Properties and Huhua Real Estate, Zhulu Real Estate, acted as a catalyst.
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As for the land purchase planned by Zhulu Real Estate, it naturally did not go so smoothly. At the end of 1976, although Zhulu Real Estate fulfilled Chu Huan's land hoarding requirements, it spent an extra 500 million Hong Kong dollars!
Jiahu Building!
But it's not Chu Huan's office, but the chairman's office of the Far Eastern Association!
Li Fuzhao sat in his office and looked up at the ceiling, as if he could see through the ceiling and see Chu Huan's office.
At this time, the expression on Li Fuzhao's face was not very good!
I just told Chu Huan last night about the listing of two real estate companies, Hang Lung Real Estate and Huhua Real Estate. Today, the two companies issued a joint statement and merged into Zhulu Real Estate.
This shows that Chu Huan has already made plans in this regard.
The only difference is that Chu Huan did not let Zhulu Real Estate be listed on the Far East Association.
For a person like Li Fuzhao who is used to being self-centered, he will not think that what he is thinking is wrong, especially now that Chu Huan has completed the merger of the two companies according to his own vision.
Therefore, in Li Fuzhao's opinion, Chu Huan will eventually list Zhulu Real Estate, but Chu Huan told himself last night that he had no intention of listing this real estate company.
Then the only explanation is that Chu Huan is lying to himself!
If this is really the case, Chu Huan, why didn't you tell yourself the news about the merger between Hang Lung Real Estate and Huhua Real Estate last night?
Thinking of this, Li Fuzhao's face became even more ugly. If the Far East Club is not listed, then only the Xiangjiang Club and the Gold and Silver Club will be left.
The Kowloon Union is impossible. It is too small to accommodate Chu Huan’s Zhulu Real Estate.
You know, based on the current assets of Zhulu Real Estate, it is very likely that the market value will exceed 10 billion after listing, which is simply impossible for the Kowloon Club!
If it is the Gold and Silver Society, it would be better, but if it is the Xiangjiang Society, then based on Chu Huan’s influence in Xiangjiang and the two projects of Huaye City and Zhulu Commercial Center in the hands of Zhulu Real Estate, it will be enough for the citizens of Xiangjiang to rush for it. Zhulu Real Estate stocks.
By then, the transaction volume of Xiangjiang Club is likely to exceed that of Far East Club!
If its influence exceeds that of the Far East Club, and its transaction volume exceeds that of the Far East Club, then it will be difficult for me to become the number one person in the securities industry in Hong Kong!
After thinking of this, Li Fuzhao couldn't sit still. After thinking for a while, he called Hu Hanhui, chairman of the Gold and Silver Association.
Hu Hanhui came to Xiangjiang in his youth. Before he founded the Gold and Silver Society, he was the founder of the famous Lichang Gold Company in Hong Kong. This is also the reason why he founded the Gold and Silver Society.
"Mr. Hu, have you heard about the merger of Hang Lung Properties and Huhua Properties?"
Li Fuzhao asked straight to the point.
Hu Hanhui smiled and said, "I've heard that. Principal Li thinks Chu Huan wants to list this company?"
Li Fuzhao said matter-of-factly, "Isn't this a sure thing? Zhulu Real Estate wants to develop Zhulu Commercial Center and will invest at least 6 billion. If it doesn't go public, doesn't Chu Huan not want to develop other businesses of his own?"
Hu Hanhui smiled, "It's hard to say this, but I know what you are thinking. Director Chu has not contacted our Gold and Silver Association!"
Hearing what Hu Hanhui said, Li Fuzhao first breathed a sigh of relief, and then smiled and said, "Mr. Hu, do you have time, let's come out and sit for a while?"
"Why shouldn't you go and sit with Director Chu at this time?" Hu Hanhui did not expect that Li Fuzhao would come to him.
"The Sword Comes"
Li Fuzhao smiled and said, "Director Chu's two companies have just merged. There must be a lot of things to do. I won't trouble him now. Let's sit down first!"
Hu Hanhui pondered for a moment and said with a smile, "Okay!"
After Chu Huan finished the meeting, he returned to his office. Xu Yi and Wu Shuhan also followed Chu Huan back to the office.
Looking at Wu Shuhan who was still a little nervous, Chu Huan smiled and asked, "How are you? How do you feel about coming to work just now?"
Wu Shuhan took a deep breath, then smiled and said, "It's much easier than when I was working in my hometown. Don't worry, boss, I will work hard to improve myself and make myself worthy of the company's development!"
Chu Huan nodded. Although Chu Huan was planning to let Wu Shuhan be responsible for part of his hometown's business in the future, the time had not come yet and Chu Huan did not talk about it.
"Well, you go out first, Xu Yi and I still have some things to discuss!"
Wu Shuhan nodded and left Chu Huan's office.
The day passed quickly. Wu Shuhan walked out of Jiahu Building holding some unimportant information and saw her eldest sister Wu Shuqing waiting at the door of the building.
"Sister, why are you here?"
After Wu Shuhan saw it, he hurried over and asked aloud.
Wu Shuqing smiled and said, "Today is your first day at work. I came to pick you up specially to see how you are doing at work!"
"Thank you, sister!" Wu Shuhan said after getting in the car.
"By the way, what position has Chu Huan arranged for you?" Wu Shuqing asked casually.