Cao Yunshang hugged the infant Chu Shifeng, rocking him gently while talking to Chu Huan.
"After you and Bao Yugang finished talking, I guess Bao Yugang won't ask you to borrow money again, right?"
Chu Huan sat on the sofa and gently shook the toy in his hand, teasing Chu Shifeng in Cao Yunchang's arms, and preached.
"It should be like this, but it's also good. Although we are not short of cash now, there will definitely be several wars in the future. For us, having enough cash in hand is the most important thing."
After entering 1979, Chu Huan indeed made several large investments, which also occupied a large amount of Chu Huan's cash.
Among them, the investment calculated in US dollars is Zhanlan Pharmaceutical, which was established in North America. The initial investment has reached 1 billion US dollars, of which the largest expenditure is the establishment of research institutions and the construction of sites.
During the oil crisis, Chu Huan invested US$1 billion.
$5 billion invested in the gold market.
Two Canadian and Australian companies invested US$1.5 billion each, totaling US$3 billion. Later, Chu Huan provided a US$1 billion loan to Huo Tsarhuang and others in the name of Alder Commercial Bank Xiangjiang Branch.
Chu Huan invested US$2 billion in his hometown's bg project, of which US$1.5 billion was normal investment and US$500 million was sold to Chu Huan using Shenghai's land as a product.
In addition, there are investment companies that cooperate with political figures from various countries around the world, investing a total of 2 billion US dollars!
The total investment in U.S. dollars is as high as 15 billion U.S. dollars!
Then there is the investment in Hong Kong dollars.
Projects worth more than HK$500 million include the construction of four hotels in his hometown. Now the project has been officially launched, and the funds have been deposited into the joint accounts of both parties. The total investment in the entire project is HK$800 million.
Nowadays, Wu Shuhan is in his hometown, not only in charge of enclosing land in Shenghai, but also in charge of the construction of these four hotels.
When the Xiangjiang Branch of Alde Commercial Bank encountered a run on loans, Chu Huan took out 3 billion Hong Kong dollars to deal with it. It was precisely because Chu Huan took out the 3 billion Hong Kong dollars to avoid the run on Xiangjiang Branch of Alde Commercial Bank. At the same time,
The deposits of Alder Commercial Bank Xiangjiang Branch have been increased, so the 3 billion Hong Kong dollars Chu Huan does not count as being spent!
Far Eastern Bank spent a total of HK$3 billion to acquire Bank of East Asia. At that time, many people thought that Jiaku spent HK$3 billion to acquire Bank of East Asia. However, in fact, there were not that many cabinets, only HK$2.2 billion.
In order to invest in the second generation of wealthy businessmen in Hong Kong, Chu Huan invested 1 billion Hong Kong dollars in Volkswagen International.
Jiaku, a joint investment company that cooperates with HSBC, invested HK$3 billion.
In addition, the design drawings of the Huangpu Commercial Center have been released. According to calculations, the total investment in the entire Huangpu Commercial Center will exceed 14 billion Hong Kong dollars, but only 1.4 billion Hong Kong dollars are needed in the early stage!
This is Chu Huan’s investment in Xiangjiang, totaling HK$9.2 billion!
It seems that this investment of nearly 16.5 billion US dollars is a massive investment, but don't forget that in 1977 alone, the profits of all Chu Huan's industries in Japan had reached a terrifying more than 5 billion US dollars.
After more than a year of development, Chu Huan’s income in Japan is even more terrifying. According to the Jiaku meeting at the beginning of this year and statistics from Chu Huan, Zhu Xiaozhao, Chen Haichao, Gao Kai and others, Jiaku’s income in Japan last year
It exceeded 8 billion US dollars, which was due to the development of Aku in Japan, the increase in revenue from new games of Langyan Games, and the sales of red and white consoles and handheld consoles.
Chu Huan has mentioned countless times that the rebirth of a successful business person does not require any golden fingers at all. As long as he can perfectly understand the development of each industry, it is enough for this person to have countless wealth.
.
If this income is added to the income from North America, Europe and other places, Chu Huan no longer needs to worry about cash.
"If everything goes well, by next year, I think Xiangjiang Jiaku will be able to enter a period of recuperation. Such a huge acquisition plan will inevitably require a long period of internal digestion after it is completed. Otherwise,
, it will easily lead to an unstable foundation!"
Cao Yunshang suggested to Chu Huan.
Chu Huan nodded and said, "There is another reason. If this acquisition plan is completed, there will be only one HSBC left in Jiaku, Xiangjiang. However, HSBC's situation is a bit special. If he is in Xiangjiang for one day, we will not be able to move him."
He, therefore, has to wait for HSBC to complete their disguised reorganization. It seems that this matter will definitely have to wait now.
As for the rest of Jiaku's affairs in Xiangjiang, they are just patchwork."
After hearing what Chu Huan said, Cao Yunshang thought of what Chu Huan had told him before.
"So, by next year, are you ready to completely sink the Jiaku to the bottom?"
Chu Huan nodded and said, "That's right. Although Jiaku has been doing this in the past two years, sometimes it is still too high-profile. Wait until next year, I will try to reduce the frequency of Jiaku's appearance. By then, various companies under Jiaku will
Even if the branch office takes action, it will be in their own name.
There seems to be no threat to us in Hong Kong now, but no one can predict what will happen in the future.
If you want a family to pass on smoothly, you won’t be able to stay in the spotlight for long!”
Cao Yunshang smiled and asked, "What about your overseas plans?"
Chu Huan smiled and said, "Things always have to be done step by step. First complete the sinking plan of Xiangjiang, and then talk about overseas!"
Cao Yunshang nodded, with doubts still in his eyes, and asked, "Where's my hometown? What are your plans for my hometown? If, as you said, the future development of my hometown has wings, then what's the plan for my hometown?
The situation definitely calls for some big moves.”
Chu Huan's eyes were a little deep, and he said calmly, "There are still some actions being prepared over there in my hometown. I'm afraid there will still be some actions in a short period of time, but the title Jiaku must be used carefully!"
This chapter is not over yet, please click on the next page to continue reading! The two parents-in-law handed Chu Shifeng to the nanny, then came to Chu Huan’s study and began to review the entire Xiangjiang plan. This time the money-burning war was seen by many people
Come on, it only involves the retail industry in Xiangjiang.
If this is the case, they really underestimated Chu Huan. This time Chu Huan not only targeted the retail industry in Xiangjiang, but also the banking industry in Xiangjiang, as well as Yihe Land, which once stood at the top of Xiangjiang's business.
!
Although Yunhai Group has not yet joined this money-burning war, companies in the Xiangjiang retail industry have begun to experience weakness.
These are Hong Kong Department Store and Geely City Department Store in Singapore.
The owner of Dada Department Store is called Yang Fusheng, who was originally from Shenghai. When he was in Shenghai, he founded Heming Shoes and Hats Store at the age of 20. By the 1940s, he worked with many Shengtan businessmen.
Same, left Shenghai and came to Xiangjiang.
Then he started to establish his own Dada Department Store, which now has 5 branches in Hong Kong.
In another time and space, during Yang Fusheng's peak period, there were seven branches and more than 700 employees. However, in another time and space, Dada Department Store still did not avoid the fate of being liquidated.
At that time, the main cooperative bank of Yang Fusheng's Da Da Department Store was the HSBC Bank in Xiangjiang. However, because Yang Fusheng, like other Xiangjiang businessmen, had become successful in his own industry, he also entered the real estate industry in Xiangjiang.
This also led to the insolvency of Dada Department Store itself, and was eventually taken over by HSBC twice. However, in the end, Dada Department Store was liquidated and ended.
Although the ending of Dada Department Store was not very good, it still has a lot to commend itself. First of all, Dada Department Store under the management of Yang Fusheng was the first department store in Hong Kong to mention the commission system.
Yang Fusheng calls it the excess system, which means that if a department's turnover is rated at 1 million, if the department's turnover exceeds 1 million, the employee labor force of the entire department will increase by 50%!
The commission system was commonplace in the department store industry in later generations, but when Yang Fusheng proposed it, it was still the first in the department store industry in Xiangjiang!
Secondly, Yang Fusheng treated his employees very well. When Da Da Department Store was liquidated in 1988, many old employees shed tears when being interviewed by the TV station to express their respect for Yang Fusheng.
This time, the retail industry's money-burning war has put Da Da Department Store into a dilemma in advance.
In Yang Fusheng's office, Yang Fusheng's hair has turned white at this time. He was born in 1919 and is already sixty years old.
Sitting opposite Yang Fusheng was his son Yang Zhanmei.
Speaking of which, Yang Zhanmei has a deep connection with the Hong Kong entertainment industry. His wife is Chen Baozhu, a veteran Cantonese opera star in Hong Kong, and his son Yang Tianjing will also become a supporting artist for TVB in the future.
"Burn money, burn money, you have to have money to burn it!"
Yang Fusheng fiercely stuffed the cigarette in his hand into the ashtray and preached angrily.
"Dad, our company has lost more than 300,000 Hong Kong dollars in the past two days. If this continues, the company's losses will be calculated in tens of millions of Hong Kong dollars!"
Yang Zhanmei was also in a hurry at this time. The development of Dada Department Store in Xiangjiang was radical. Yang Fusheng relied on his own mind and proficiency in advertising to establish Dada Department Store, but his own strength was not very deep, and he relied more on
Bank support.
"It seems that this battle is impossible to stop. If we want to survive this battle, we must solve the funding problem!"
Yang Fusheng also understands the key point of this matter. Since it is a money-burning war, it must be money!
Yang Zhanmei asked carefully, "Daddy, would it be better if we restored the original price?"
Yang Fusheng smiled bitterly and said, "Do you think we won't participate in this war if we don't want to? The current loss is only more than 300,000. If we withdraw, then the loss of funds may directly exceed
million!"
Now the ordinary citizens of Xiangjiang have gradually become accustomed to discount and promotion activities. Now that everyone is discounting, the ordinary citizens of Xiangjiang no longer care who buys from where.
But if you don’t offer discounts, the citizens of Xiangjiang would rather walk a few steps to other department stores to buy goods than buy from you!
Hold on, there is still a chance of survival!
If not, then there is only a dead end!
"How did you go when I asked you to contact HSBC? Is the other party willing to provide us with a loan?" Yang Fusheng asked Yang Zhanmei.
Yang Zhanmei showed a helpless expression and said, "HSBC said that many department stores are contacting them now, and they want to review them one by one. Now we should have other plans, and"
Yang Fusheng took a deep look at his son and asked, "And what?"
Yang Zhanmei said, "Furthermore, even if we get a loan from HSBC, this loan needs to be repaid. Now no one knows when this war will end. If this war lasts long enough, we will not have any money at all."
There will be time to raise funds to repay this loan in the future!”
Yang Fusheng asked, "What are your thoughts now?"
Yang Zhanmei said, "If we want to continue to operate the department store business and hope to obtain some benefits after this war is over in the future, then we need to contact more banks, and save ourselves and sell some of our family's own holdings.
Extract cash from other companies’ stocks and fill the hole in your current company!”
Yang Fusheng thought for a moment and said, "That's the only way it can be!"
The situation of Yang Fusheng actually represents the same situation of many department stores of the same level in Xiangjiang.
They do not have strong power and are passive participants in the war, so now they can only feel extremely confused about their future situation.
Hang Lung Bank!
Although this bank is called Hang Lung Bank, it actually has nothing to do with the original Hang Lung Properties. It was a bank established in 1935 and was changed to Hang Lung Bank in 1965.
In 1976, the Philippine Unified Organization acquired 80% of the shares of Hang Lung Bank for HK$50 million. Zhuang Rongkun and Zhuang Qingquan became the major shareholders of Hang Lung Bank. Today, the bank has 28 branches in Hong Kong.
Also known as the Chinese bank in Hong Kong!
"The current situation is that many department store chairmen are calling us, seeking loans from our banks. It is obvious that the cash-burning war in the retail industry has affected the banking industry!"
Zhuang Qingquan preached to Zhuang Rongkun.
Zhuang Rongkun asked, "How is the situation at Diners Finance?"
There are actually many problems with Xiangjiang's financial system. According to common sense, the only companies that can accept deposits are banks!
But there is such a company in Xiangjiang. Although it is not a bank, it can also accept deposits. This company is Diners Club Finance.
Zhuang Rongkun and Zhuang Qingquan are not only the major shareholders of Hang Lung Bank, but also the directors of Diners Finance. Zhuang Rongkun is also the general manager of Diners Finance.
Zhuang Qingquan said, "Dalai Finance's situation is similar to that of Hang Lung. There are also many department stores looking for loan business!"
Zhuang Rongkun sat there, lost in thought, and after a long time he asked silently, "Do you think this is our opportunity, or is it a pit of fire?"
Zhuang Qingquan said, "Although the current money-burning war in Xiangjiang's retail industry has just begun, looking at the speed of its spread, it is difficult to believe that this war can end quickly. Don't forget that Yunhai Group has not taken action yet.
Woolen cloth!"
Zhuang Rongkun nodded and said, "So, you mean that we are not suitable to enter this battlefield!"
Zhuang Qingquan immediately shook his head and said, "No, on the contrary, I think this is the best time for us to enter this battlefield. In my opinion, after this war is over, the retail industry in Xiangjiang will definitely be littered with corpses, but those who can survive will definitely
Will reap the dividends after this war is over.
To put it simply, the pattern of Hong Kong's retail industry will undergo earth-shaking changes because of this war.
If we enter it now and find a department store that can survive to the end to support it, we can not only earn a large amount of interest, but more importantly, even if the other party cannot repay the debt, we can also conduct an auction appraisal of their property.
, you still won’t lose money by then.
But this is not the best result in my opinion. The best result is that we may be able to take advantage of this war to invest in one or two department stores, and this is more in line with long-term development!"
Zhuang Rongkun nodded, smiled, and said, "This is what I thought too, but now there is a question, how can we be sure that that company can survive this war with our support!"
Unlike HSBC, Hang Lung Bank has a long history among Chinese banks, but they have insufficient foundation after all.
From HSBC's perspective, whichever company they support will survive in the end.
What Hang Lung Bank needs to do is to investigate and find department stores that have certain power among the many department stores in Hong Kong, and then join forces with them to survive.
Zhuang Qingquan nodded and said, "I think so too, but now there is a problem, which is actually a bit troublesome!"
Zhuang Rongkun asked, "What's the problem?"
"There are too many monks and too little rice to eat!" Zhuang Qingquan said the most important issue, "There are only a few powerful department stores in Xiangjiang, but the number of banks in Xiangjiang is several times that of them. I believe that those banks will definitely be able to think of the situation we can think of.
They have all thought about it, so they will definitely think about it. If this is the case, the question we need to face is whether we should cooperate with these banks, or should we seek wealth and wealth and find a department store that is not as strong as itself?
?”
Zhuang Qingquan's question made Zhuang Rongkun fall into silence.
"In this way, let the company first make statistics on the situation of these department stores in Xiangjiang. I believe the data will not deceive people. Then we will analyze based on the situation of these department stores. If the company we select, there are also other banks related to it.
, then seek cooperation with the other party.
I have a hunch that this money-burning war in the retail industry in Hong Kong will definitely be more brutal than we imagined. Instead of fighting alone, it is better to find suitable partners to fight together!"
After listening to Zhuang Rongkun's answer, Zhuang Qingquan nodded and said, "Okay, I'll do it now!"
It can be said that now because of this money-burning war in the retail industry in Xiangjiang, the entire Xiangjiang has been affected.
"Tell the other party that our company has two pieces of land that are being developed recently, and there is really no way to lend them money!"
At the headquarters of New World Real Estate, Zheng Yutong reluctantly spoke to Zheng Jiachun.
Zheng Jiachun nodded and said in a dumbfounded voice, "Dad, this is the third department store that has called. If we continue at this rate, I think all those department stores will call you!"
The owners of Xiangjiang Department Stores, in addition to seeking help from banks, also seek help from their friends. As the chairman of the Xiangjiang Chow Tai Fook Gold Store, Zheng Yutong has good relationships with many owners of Xiangjiang Department Stores.
This also caused his phone calls to not stop starting today.
"There's nothing we can do about calling. This matter is obviously a money-burning battle. Even if we win in the end, it will take at least one or two years to recuperate before we can recover. In serious cases, it may even take four or five years."
year, this is not in line with our company’s own development at all!”
Zheng Yutong explained helplessly.
At this time, Zheng Jiachun had no idea of entering the retail industry. In fact, in another time and space, Zheng Jiachun presided over the acquisition of Yongan Group by New World. He was not attracted by the retail industry of Yongan Group, but by the properties in Yongan's hands.
This chapter is not over yet, please click on the next page to continue reading! At that time, Wing On Group owned Wing On Center in Sheung Wan, Wing On Building in Central District, Wing On Department Store in Yau Ma Tei, Wing On Tsim Sha Tsui East Plaza, and the 380,000-square-foot shopping mall in Nanyang Center
.
In this regard, the analysis of Mr. Sicong, a senior stock commentator in Hong Kong at the time, was that "in December 1987, the book value of the properties held by Wing On was HK$11.9 billion, of which HK$800 million was recorded at the price in 1981, HK$100 million was recorded after 1981, and HK$300 million was
Hong Kong dollars are stated in 1972 prices less depreciation.
Based on the market value of the shopping mall, it has appreciated 10 times since 1972 and doubled since 1981. Based on the above ratio, the properties in Wing On’s hands are estimated to be HK$4.7 billion, which is HK$3.5 billion higher than the book value. In other words, Wing On is like holding a
After the property revaluation, shareholders’ funds are HK$4.7 billion or a value of HK$16 per share of Wing On.”
Sicong said with emotion, "Such a huge asset, under the management of the current board of directors, can only generate a net profit of HK$90 million in 1987, which naturally arouses the covetousness of others."
"I heard that various banks in Hong Kong have already started to take action. Obviously they want to take this opportunity to enter the retail industry in Hong Kong."
Zheng Yutong sneered and said, "It's that simple. Don't forget, Yunhai Group hasn't taken action yet, which shows that this war is still just beginning.
I'm afraid only God knows how brutal the fight will be in the future. Those banks are impatient to join in now. Who knows, they won't get any advantage in the end, but they will hurt their own foundation!"
Zheng Jiachun sighed, "Yes, Ah Huan hasn't started to take action yet, but the fighting in the retail industry is already so fierce. If we wait until Yunhai Group comes to an end, there will be countless people jumping off the building!"
Thinking of that scene, Zheng Jiachun couldn't help but feel chills running down his spine!
Zheng Yutong also said helplessly, "There is nothing we can do about it. No one wants to be mermaided. If Ah Huan really wants to dominate the retail industry in Hong Kong, this war will definitely break out. No one is willing to put themselves at risk."
The assets that we worked so hard to create were just given away!”
Zheng Jiachun said, "Daddy, look at the outcome of this battle, will Ah Huan win?"
Zheng Yutong shook his head and said, "If it was at the beginning of the year, I would definitely believe that A Huan would win, but now, A Huan's investment this year is really too much. Just the investment from Canada and Australia.
It’s 3 billion US dollars, and no matter how abundant Ah Huan’s cash flow is, I’m afraid this 3 billion US dollar hole won’t be filled so easily!”
Zheng Yutong gave a similar answer to Bao Yugang.
Zheng Jiachun said, "Dad, actually I still don't understand. Now that this war has begun, Ah Huan is definitely going to enter. I was thinking, whether he is raising funds or doing other things, he should
I’m calling you, why hasn’t his call come yet?”
Chow Tai Fook Gold Store naturally has its own store, but at the same time Chow Tai Fook also has its own counters in some shopping malls. Both Hua Department Store and Seibu Department Store have Chow Tai Fook counters.
Now other department stores are contacting Zheng Yutong, firstly to borrow money, and secondly, they hope that the gold jewelry in Chow Tai Fook counters during this period can cooperate with their company's discount activities.
Zheng Yutong shook his head again and said, "I don't know either. Whenever Ah Huan encounters such a big event, he always does something amazing, and most of these amazing things are done by his own ability."
, just like the previous collision with the Hong Kong government.
The current war in the retail industry in Hong Kong is also the same. I always feel that Ah Huan will enter this battlefield in a manner that outsiders can never imagine!"
Zheng Jiachun was a little tempted by what Zheng Yutong said, and couldn't help but said, "Daddy, since A Huan didn't take the initiative to call, why don't we call A Huan first? After all, we have more cooperation projects with each other, and more
It’s big, and Ah Huan may have some cash flow problems, but don’t forget that during Chu Shifeng’s 100-day banquet, all the major banks in the world came to congratulate him.
Just that scene is enough to prove that if Ah Huan wants to mobilize a sum of funds, it will definitely be more convenient!"
Zheng Yutong shook her head at Zheng Jiachun's proposal and said, "That's not the case. I understand what you mean. In this way, we can not only show our friendship with Ah Huan, but also seek more relationships with Ah Huan in the future."
Seeking better conditions through cooperation.
However, you have to know that it is not the business that is at stake. Our New World Real Estate is an independent consortium and is not someone's appendage. If we take the initiative to contact A Huan this time, it will be okay if A Huan does not think too much, but if A Huan
If you think about it, think of our New World as an accessory of Jiaku, then when the development of Jiaku requires the acquisition of New World in the future, do you think Ah Huan will hesitate?"
Zheng Yutong's words made Zheng Jiachun break into a cold sweat, and then asked, "Isn't it true?"
Zheng Yutong smiled bitterly and said, "I'm just in case. Shopping malls are like battlefields, and personal relationships are personal relationships, so sometimes this sense of proportion is very important!"
The typos will be corrected first and then corrected, thank you all~