Chapter 273 Huge Profits in the Real Estate Industry, Chu Zihang's Plan
"Boss, you asked me to buy Butterfly Bay in Lion Harbor a month ago. As you expected, the Hong Kong Island authorities are planning to build a large ocean-going port in Butterfly Bay, which is enough to accommodate dozens of ocean-going ships to dock at the same time."
"The current value is far more than ten times higher than the purchase price, or even more!"
"Currently the four major families and the capitalists from Great Britain are negotiating the purchase price, and the bids have reached several billion." Huang Zhicheng said excitedly.
The happy look was like that of a child who wants to get candy.
Especially Chu Zihang's magical calculations made Huang Zhicheng admire and marvel in his heart!
The Hong Kong Island authorities want to build a large ocean port at Butterfly Bay.
As soon as the news was announced.
The real estate tycoons in Shigang, like cats smelling fish, immediately set their sights on Butterfly Bay.
Once the ocean port is built, it will be one of the most prosperous places in Lion Harbor.
Naturally, they would not miss such an opportunity to make money.
A large amount of funds began to gather, and these real estate tycoons in Lion Harbor were ready to go big.
Be the first to buy the land at Butterfly Bay.
The result that confused everyone was...
Butterfly Bay had already been acquired by someone as early as a month ago.
A company called Umbrella acquired most of the core land in Butterfly Bay a month ago.
The rest of the land is basically just corners and corners.
The real estate giants in Shigang don’t have enough to carve up, let alone there are so many companies.
To be honest, it’s not even enough to fill the space between your teeth!
So they approached Umbrella and wanted to buy it from it.
Huang Zhicheng naturally wanted to whet the appetite of these people and held a Butterfly Bay land bidding conference.
It will be held tomorrow, and the lowest starting price starts at one billion.
Huang Zhicheng only spent about 150 million to purchase the land in Butterfly Bay.
One can imagine how much room there is for appreciation of this piece of land.
The auction starts with a starting price of one billion, and the transaction price will at least exceed several billion, and may even reach tens of billions.
This is also the reason why Huang Zhicheng is happy.
After working hard in Shigang for more than half a year, he earned less than 10 billion yuan.
A piece of land exceeded his efforts for more than half a year.
The huge profits in the real estate industry are not much worse than those in the arms business.
Hear Huang Zhicheng’s report.
Chu Zihang thought it was good news, but this was it?
As a soul piercer, he has first-hand prophetic information.
The acquisition of Butterfly Bay is only the first step.
Next, half a month after the construction of an ocean port was confirmed in Butterfly Bay.
The Wharf equity war is about to begin.
This is the highlight!
A merger frenzy broke out in Lion Harbor, among which the shipping king Bao Yugang's acquisition of Wharf was the most thrilling and famous.
In the mid-1980s, Paul Standard Chartered and Jardine Matheson established Lion Harbor Kowloon Terminal and Warehouse Co., Ltd., referred to as Wharf.
It mainly operates port transshipment business and has established two terminals in the coastal area of Tsim Sha Tsui.
With a unique geographical location, its industries include most of the piers, warehouses, hotels, buildings, trams and the Star Ferry in Tsim Sha Tsui, Kowloon, the New Territories and Hong Kong Island.
It is basically the largest ocean freight port in Lion Harbor, with deep-water terminals, open-air cargo yards, and freight warehouses.
However, despite being in such a prime location, the British-owned company Wharf had major problems with its business methods.
The thinking is lagging behind and only the own funds are used to build new properties.
It only rents but does not sell, resulting in stagnant capital return and slow enterprise development, putting the group into financial crisis.
Li Jiacheng, who has ten years of experience in real estate investment, soon realized that if Wharf had been run by him, he would never have fallen into this predicament.
So Li Jiacheng immediately started researching and found that Wharf owned a large number of assets in prime locations in Kowloon. According to the real estate land auction price at that time, it was 6,000-7,000 per square meter.
Li Jiacheng believes that Wharf's shares are worth at least HK$50 per share.
At this time, Wharf stock was less than 14 Hong Kong dollars.
Under the temptation of huge benefits.
Li Jiacheng remained calm and bought about 20 million Wharf shares held by retail investors.
The rising trading volume of Random Kowloon has attracted the attention of securities analysts.
The news that Wharf would be acquired spread like wildfire, attracting a large number of professional speculators, and the stock price immediately rose.
The stock price reached a peak of HK$46, which is quite close to the reasonable value of the stock.
At this time, Li Jiacheng was also in trouble. After all, it had only been ten years since he transitioned from manufacturing to real estate. Judging from the amount of assets he owned, he could only be regarded as a medium-sized real estate company at best.
Most of the funds for acquiring Wharf stocks were borrowed from banks. If the shares are acquired at a higher cost, the risk will be extremely high.
Jardine Matheson & Co., as the largest shareholder of Wharf, was also a turbulent business giant in Lion Harbor.
Now that he is being robbed of business by a guy like Li Jiacheng, who has only been in business for ten years, he will certainly not sit still and wait for death.
He immediately began to lay out an anti-takeover strategy, asked HSBC for help, and received financial support.
Face this situation.
For a while, Li Jiacheng couldn't think of a solution.
Because if it insists on acquiring Wharf, Jardine Matheson will inevitably acquire a large number of shares.
Moreover, the other party has the backing of HSBC, a big financial backer, so this is a bad idea.
It is said that the head of HSBC personally intervened and persuaded Li Jiacheng to give up the acquisition of Wharf.
Li Jiacheng assessed the situation and believed that it was inappropriate to establish two powerful enemies, Yihe and HSBC, at the same time.
We also hope to gain support from HSBC for the future development of the Yangtze River.
After weighing the situation, Li Jiacheng decided to give up the acquisition of Wharf.
In the mid-1980s, Li Jiacheng became the richest man in Lion Harbor.
But at that time, he was still inferior to Sir Bao in terms of strength and reputation.
Ranking of the top ten shipping kings in the world, Bao Yugang firmly takes the first place.
In the Chinese business world, in terms of strength and relationship with the banking industry, the one who can compete with Jardine Matheson is none other than Pao Yukang.
Li Jiacheng weighed the pros and cons and was confident.
He decided to kick the ball to Bao Yugang, expecting that after Bao Yugang got the ball, he would go straight to the goal.
Thus, what followed was the most famous Wenhua secret meeting in the history of Lion Harbor business community.
After the secret meeting.
The shipping king successfully obtained the equity from Li Jiacheng and defeated Lion Harbor Land in one fell swoop.
Naturally, he became the first Chinese chairman in the history of Wharf.
The shipping king's foresight was fully revealed two years later.
After Bao Yugang took over the Wharf, he reduced the number of ships and landed them, thereby avoiding an unprecedented ship disaster.
After the shipping king passed away, his second son-in-law Wu Guangzheng took over the entire family business.
As a new generation of Chinese businessmen, Wu Guangzheng drives Wharf to develop into diversified industries, among which the real estate business is booming and has become the core industry of the entire group.ωωw..net
Together with Sun Hung Kai, New World, and Hutchison Whampoa Properties, which will rise in the future, they are also known as the four major real estate companies in Lion Harbor.
"Times Square" located in Causeway Bay is the iconic product of Wharf during the Wu Guangzheng period.
After being awarded the title of "Top Ten Tourist Attractions in Hong Kong", it was upgraded to a core brand of Wharf.
Soon, Wharf took advantage of the influence of Times Square to fully enter mainland China and successfully landed in several core cities.
Including Yanjing, Magic City, Shancheng, Jiangcheng, Bincheng, and Tianfu Times Square, the expansion momentum is amazing.
Such an opportunity to make money.
How could Chu Zihang let him go?
The Wharf War could at least bring him tens of billions in income.
Therefore, he is bound to win.
Chapter completed!