People in Hong Kong create super chaebols

"Mr. John Madden, this is the first time we have met in private!" Su Cheng also greeted John Madden when he saw him.

The two of them had met occasionally on previous big occasions, but they always ended with a few polite words, because Su City had not had any cooperation with Wheelock Group in the business field before.

John Madden can be regarded as a top boss in Xiangjiang. As one of the four major foreign banks in Wheelock, John Madden's status is naturally not low.

"Mr. Su is a rare visitor. I didn't expect you to come to my place." Although he knew in advance that Su Cheng would come to see him, John Madden was still very surprised after seeing Su Cheng.

Wheelock Group's main industries in Hong Kong are still shipping and real estate.

Speaking of competitors, Global Shipping Group is their biggest competitor to Wheelock.

However, it is obvious that the relationship between the charter king and Wheelock is still good, otherwise his office would not be located in Wheelock Building.

"Mr. John Madden is my senior in the mall. It's normal for me to come and visit my senior!" Su Cheng laughed.

"Mr. Su, please sit down, don't stand and talk." John Madden personally pulled out a chair for Su Cheng and said.

Su Cheng nodded and sat down without being polite. John Madden also sat across from Su Cheng.

"Mr. Su, would you like tea or coffee?" John Madden asked again.

"Let's have tea." Su Cheng looked at the environment of the office and started chatting with John Madden.

Soon, a staff member brought Su Cheng a cup of hot tea.

John Madden himself ordered a cup of hot coffee.

After all, John Madden is a foreigner. He is not in the habit of making tea, so there is no tea set in the office.

"There is a saying in China that you should not go to the Three Treasures Palace for anything. Mr. Su must have something to do when he comes to my place, right?" John Madden asked directly.

After all, the two of them were not familiar with each other. If it weren't for Sioux City's special status, John Madden would never meet unfamiliar people at will.

When Sioux City called John Madden, he did not say what the reason was, but directly said that he would come to visit him.

Therefore, until now, John Madden still doesn’t know what the world’s richest man in Sioux City is looking for him for?

Thinking about it, it seems that I have basically no cooperation projects with him in business. I don't know what Mr. Su is looking for for me.

Su Cheng didn't beat around the bush and said directly: "Mr. John Madden, it's like this. I heard that you are selling the Federal Building in Central and the Mongkok International Building. I happened to be interested, so I wanted to come over and talk to Mr. John Madden. Let’s talk about this.”

"Oh? I didn't expect Mr. Su to come here for this matter." John Madden was a little surprised and a little happy after hearing this. The news that they packaged and sold the two buildings has been publicized for a long time, but it is obvious that at this time, no consortium will spend more than one billion to squander it.

However, they are now in urgent need of money to purchase a batch of second-hand cargo ships from the Global Shipping Group.

Last year, Wheelock Group, like most other British-owned enterprises in Hong Kong, was basically in a state of loss.

Moreover, Wheelock has just launched a large real estate investment project in Tsim Sha Tsui. This project accounts for a lot of the Wheelock Group's capital flow, making it basically difficult for them to come up with more funds.

The real estate industry in Xiangjiang basically develops based on the model of constantly borrowing money from banks to build houses, sell them and then repay the money. Therefore, the federal real estate industry of Wheelock Group owes a lot of funds to the bank and wants to borrow more money from the bank. Banks may not be willing to lend hundreds of millions of Hong Kong dollars, and even if they are, the conditions will be very harsh.

Therefore, if you want to win the second-hand ships of Global Shipping Group, you can only rely on yourself.

What to do if you have no money? Selling property!

Originally, John Madden had talked with the charter king, hoping to exchange the two buildings and pay more for the remaining part.

However, Global Shipping Group only gave them a maximum of HK$15 billion for these two buildings.

You know, according to last year's market price, the valuation of these two buildings reached HK$20 billion.

Although it is basically impossible to sell it for HK$20 billion based on the current market conditions, it at least has such a valuation, which means that it can really be sold when the market environment is good. this price.

Therefore, if it can only be exchanged for 15 billion Hong Kong dollars, Wheelock Group will definitely not agree. This would be a huge loss, so it would be better to use the money to buy new ships. Why use their second-hand ships?

However, neither John Madden nor Wheelock's other major shareholders are willing to miss out on the second-hand cargo ships that Global Shipping Group is preparing to sell.

This is a good opportunity to surpass the global shipping group.

Like Global Shipping Group, Wheelock Group is also one of the top ten shipping companies in the world. Although it is somewhat behind Global Shipping Group, it is not out of reach.

In addition to Global Shipping Group and Wheelock Shipping, Xiangjiang also has one of the world's top ten shipping companies, which is the Dong family's Dong Shipping Group. Mr. Dong, like the charter king, is known as the world's seven One of the great shipping kings. This shows how developed the shipping industry was in Hong Kong in the 1970s.

Unlike the charter king, John Madden of Wheelock Group does not feel that a cold wave has arrived in the shipping industry.

In his opinion, since Global Shipping Group does not look at the future world shipping industry, it is better. This is the best time for their Wheelock Group to rise.

Every time he thinks that Wheelock Shipping will become the top ten shipping companies in the world, John Madden will look extremely excited!

"Yes, Mr. John Madden, I mainly want to buy the Federal Building in Central. As for the Mongkok International Building, it doesn't matter. I am more interested in the Federal Building, but in my opinion, the price you offered is still too high. , otherwise I wouldn’t have come to visit you in person, Mr. John Madden, but would have bought it directly.” Su Cheng drank a cup of hot tea and replied with a smile.

"Mr. Su, we have estimated the market value of these two buildings through professionals. The market value is definitely more than 20 billion Hong Kong dollars. We are now offering 18 billion Hong Kong dollars. We are definitely very sincere. They are already much lower than the market price. We are already losing money." Sold." Hearing that Sioux City's purpose was to negotiate the price, John Madden immediately began to complain.

"Mr. John Madden, real estate follows the market conditions. At the beginning of last year, the international oil crisis had not yet occurred, the market conditions were still very good, and Hong Kong's economy was also very active. These two buildings are indeed worth 20 billion Hong Kong dollars. , but today is different from the past. You also know that since the end of last year, let alone Xiangjiang, the entire world market has been in a relatively dark period. With all due respect, you have been listed for so long. Apart from me, everyone should No one is interested, right?" Su Cheng said very directly. (End of chapter)