The container terminal industry has stable and generous income. Which consortium does not covet it?
The Hong Kong government's public tender for the construction and operation rights of Kwai Chung Container Terminal 8 became exciting from the beginning, feasting the eyes of the public.
First, New Era Group intends to take a share of the pie and acquire a 50% stake in Sea-Land Container (Kwai Chung Container Terminal 3), and further intends to participate in the bidding for Kwai Chung Container Terminal 8.
Then, Li Chaoren decisively launched a "strong alliance" and announced a joint bid with Modern Containers, intending to stifle Lin Chaoren's hope.
Finally, Lin Chaoru fought back again and spent a huge amount of money to buy 25% of the shares of Modern Containers, causing Modern Containers to defect and form a new consortium with Sea-Land Containers, New World Development, Henderson and COSCO.
In 1988, Hutchison Whampoa won the bid for the development rights of Pier 7 (3 berths, formerly reformed) with a bid price of HK$4.4 billion.
Today's No. 8 Kwai Chung Terminal has 4 berths. If International Container Terminals takes over it, International Container Terminals will have a market share of up to 80% and will dominate the Hong Kong container industry, creating a high degree of monopoly.
Originally, Li Chaoren also intended to unite with other overseas consortiums, but this year's situation caused European and American consortiums to retreat. In the end, Hutchison Whampoa had no choice but to rope in Sun Hung Kai. However, Sun Hung Kai did not dare to invest too much, and only participated symbolically.
The development rights of container terminals are determined through public bidding. Bidding is not like a public auction - "the highest bidder gets it" is the only condition. The bidding price is an important condition, but it is not the only condition. It also depends on the comprehensive conditions of the bidders.
There is an unwritten rule, but a "consensus" that everyone is well aware of - the relationship with the government is sometimes crucial.
Li Chaoren is known as a "businessman who is good at dealing with the government," and the new consortium also prompted retired Zheng Yutong to come out.
Cheng Yu-tung has always been regarded as a businessman who is good at dealing with the government. New World Center has such a grand scale only with the support of the government. New World Center initially purchased the old Blue Chimney site from Swire, which was only 200,000 square feet. The government felt that
It is small in scale and has allocated an additional 200,000 square feet of land, charging only a preferential price lower than the market price. The International Convention and Exhibition Center in Wan Chai was jointly built by New World and the government's Trade Development Council. It is a 7.7-acre newly reclaimed land.
The government did not receive a penny from New World. New World only paid for the construction fee and obtained most of the ownership of the Convention and Exhibition Center. The Queen personally participated in the laying of the foundation of the Convention and Exhibition Center, and the Prince and Princess Diana attended the opening of the Convention and Exhibition Center.
Of course, Lin Zuhui also has a lot of connections with the Hong Kong government, especially recently he has been very close to Wei Yixin.
Strong showdown!
The container terminal industry is different from the real estate industry. The real estate industry can develop almost freely and unlimitedly. The container terminal must bid to obtain the development rights of restricted land. In other words, it is equivalent to obtaining a land use patent issued by the government, which can ensure stability and richness.
profit.
"The Romance of Fairy Wood"
Lin Zuhui knew that as long as he could obtain the development rights of No. 8 Kwai Chung Terminal, his tentacles would officially reach into the container terminal industry. Drawing on his development experience, Lin Zuhui went overseas to purchase the development rights of container terminals, such as the largest container terminal in the United Kingdom - the Container Terminal.
The Port of Lixto, such as the development rights of several major ports in the mainland, such as the development rights of the Port of Panama... Not to mention winning them all, it is very satisfying to grab half.
The media is very interested in the duel between the two consortiums this time. Real-time news is published every day. It is no longer important whether it is true or false. What is important is that the citizens can feast their eyes on it.
...
Friday, December 29th.
As of the last day for submission of bid documents, everyone in the new consortium is just sitting there negotiating the price. The reason is very simple: if the price conditions provided are deviating from others, people will laugh; but if the price is determined in advance,
We are also afraid that if someone is not familiar with it, it will leak out. Therefore, this kind of secret bidding usually determines the price in the last day or two.
When auctioning land, if you are determined to win, you will be nervous about bidding, but you will only be nervous for a moment. It is different when placing a hidden bid. If you are determined to win, you will always feel worried about gain and loss.
Lin Zuhui is no exception. Defeating Li Chaoren is his obsession. He actually doesn't care much about how much money he makes from some projects. It's like climbing a high mountain. There is no actual benefit, but it always makes people feel happy.
In the conference room.
The heads of several consortiums sit together, and their total net worth is terrifying: Wharf Group, Swire Group, COSCO, New Era, New World, Henderson, and American Sea-Land Container (Hong Kong).
Zheng Yutong said: "The Hong Kong government intends to weaken Cheung Kong's monopoly in the container terminal industry, so we do not need to raise prices too much. What's more, I understand that Sun Hung Kai only holds a small part of the equity, which means that Hutchison
Investment accounts for the majority. However, Hutchison Whampoa’s investment direction is turning overseas, and it may not be willing to pay too high!”
He doesn't like 'you pay my price, and I pay yours'. This is the style of the Zhengs and his sons.
Lin Zuhui said with a smile: "We have so many consortiums grouped together, so naturally we are determined to win. The price is more stable, and there is not much to share among each company. What's more, if we fail today, the No. 9 container behind will be lost.
It means we have to fight for it, but we will lose even more. If we securely hold Container Terminal No. 8, we will be able to handle Container No. 9 with ease."
If Container Terminal 8 fails, the competition for Container Terminal 9 will become even fiercer. This is Lin Zuhui’s view.
Wu Guangzheng nodded and said: "Now that we have made up our minds, and we know the weaknesses of international containers, we should really bid more carefully. A few hundred million more won't hurt. It's important to have peace of mind!"
Lee Shau Kee doesn't talk much. At such gatherings, he usually listens a lot and is not good at talking.
Finally, after some discussion, everyone handed over the bidding power to Lin Zuhui.
Lin Zuhui thought for a while, wrote down the price of 6.68 billion on paper, and then circulated it to everyone.
He explained: "The Kwai Chung Container Terminal in Hong Kong has unlimited potential, and I believe that the opposite side will become more and more open, so the price will definitely not be a loss!"
No. 7 Container Terminal has three berths, and the winning bid is 4.4 billion, which equals 1.5 billion for less than one berth; while No. 8 Kwai Chung Container Terminal has four berths, and it is reasonable to say that 6 billion is about the same. After all, due to environmental factors, overseas
The consortium will not participate in the bidding, so the price should not increase.
When the Container Terminal 9 tender was held in the previous life, overseas consortiums expressed their interest in participating, which would push up the price.
Soon, everyone nodded in response to Lin Zuhui's bid. Zheng Yutong hesitated for a moment and then nodded.
The price is just determined like this! The technical specifications have been researched and completed, and only the price is left.
Lin Zuhui personally prepared the tender document and sent it to the Hong Kong government.
As for the opening of bids, we have to wait until Tuesday of the following week, because Monday is New Year's Day.
...
In the afternoon, Lin Zuhui came to the office of Hengjin Investment.
After a while, Li Hao walked in with a smile on his face.
"Boss, complete your mission. As of today, a total of 15.2 billion Hong Kong dollars have been withdrawn from the Japanese securities industry; there are still 1.2 billion worth of Japanese stocks, and all withdrawals will be completed in the first half of January next year!"
Lin Zuhui nodded, feeling very comfortable, and feeling relieved that he was safe!
"With 500 million funds to short the Nikkei Index, are you all prepared for the ambush?"
"The ambush is ready, the average is around 0!"
"Very good, you have been shorting until the index drops to 0.0, but you can consider closing the position below 0.00!"
He remembered that next year (1990) should be the lowest point, but it was impossible to close the position accurately, so setting a point was enough.
"Okay, I will arrange it!"
After Li Hao left, Lin Zuhui looked at the Hang Seng Index on the computer at 2850 points. The Hang Seng Index futures investment also yielded good results, with a net profit of 20,000 to 30,000. However, the investment was small, and the profit was only more than 300 million.
The current market value of the entire investment of 3 billion in Hong Kong securities is only 3.9 billion, with a net profit of more than 900 million.
The market in Xiangjiang is still too small to accommodate the giant crocodile Lin Zuhui.
In addition to investing in Nikkei futures and Hong Kong Securities, Lin Zuhui also bought 20 billion Hong Kong dollars in USD/JPY (2 billion principal, 10 times leverage), and is currently only making a slight profit.
Next year, Lin Zuhui's career will really go overseas and enter the mainland, so he will need a lot of funds.
One of the major overseas investments is to buy US stocks worth HK$3 billion to HK$5 billion and make long-term investments.
Therefore, in addition to making profits from the above three financial investments, he will also invest in crude oil futures to try to obtain a sum of funds for long-term investment.