I Want To Be a Rich Man on Hong Kong Island

  Chapter 445 [Hong Kong Island Economic Recovery II-Cheung Kong Holdings' actions]

  After Liu Yu left Wu Guangyao's office, Wu Guangyao called Andri and Leihong from China Everbright Bank to come to his office.

  Andri has often reminded Wu Guangyao recently that it is time to act in accordance with Western Banking Regulations;

  Andri’s words gave Wu Guangyao a headache. He wanted Everbright Bank to become a multinational bank, but he was doing some convenient things (not in compliance with banking standards);

  These conveniences of Wu Guangyaohang can never appear in the guidelines of foreign banks!

  For example, using depositors’ money to invest directly, lending to their own companies, etc.

  It is true that the banking laws on Hong Kong Island are not sound at this time, and Chinese banks have this situation;

   But if you want to break through the Chinese banks, based on Hong Kong Island, and go to the world;

  Then, Everbright Bank must be formalized!

  "From today onwards, Everbright Bank will act in strict accordance with Western Banking Standards! Of course, this standard is that I have been violating, so I have to lead by example, and the two of you have to supervise me!"

  Andri happily said: "Great! If your boss needs to invest your deposit at any time, then you can only choose a current one without interest."

  Wu Guangyao nodded and said, "It should be like this!"

  Next, Wu Guangyao asked Lei Hong: "If my deposits are not counted, how many deposits does China Everbright Bank have?"

  Leihong replied: "2.1 billion Hong Kong dollars!"

   Hiss!

  This increase is really fast!

Wu Guangyao said: "The banking regulations stipulate that 25% of the cash flow is reserved, so we need to lend out the remaining 75%. At this moment, the real estate, stock market, and industry on Hong Kong Island can be said to be rising soon. You should try your best. Give loans to people with good reputation and strength."

  To be honest, this is also a golden finger of China Everbright Bank;

  When should the loan be tightened, and when should a large number of loans be issued;

  Who is the loan to, and what industry is the loan to;

  All these, Wu Guangyao can give some opinions!

  After the stock market rebounded from the bottom, it has already recovered all fronts, and it has risen slightly;

  The first thing that the real estate industry picked up was the garden houses and high-end residences that were sold at a low price during the real estate crisis;

  Starting from the first half of 1968, high-end residential buildings in the Mid-Levels, Repulse Bay, and Yau Tsim Mong area of ​​Kowloon have taken the lead in rising rapidly;

  At this time, the price of high-end residential properties in these areas has risen to around 60 Hong Kong dollars per square foot, and the high-end residential properties in Repulse Bay have even reached as high as 80 Hong Kong dollars per square foot.

  Behind the high-end housing, a large number of foreign-funded enterprises have come to Hong Kong Island to open branches, and the number of senior staff stationed on Hong Kong Island has increased. Therefore, there is a strong demand for high-end housing.

  Because in 1968, the Hong Kong government decided to start large-scale construction of low-rent housing villages, which attracted many people at the bottom, so the price increase of low- and mid-range buildings was slightly slower.

The rise in property prices has led to an overall increase in rents. The rent of the Yangtze River Center is expected to reach 60 million Hong Kong dollars in 1969. In terms of commercial buildings, due to short supply, the rent and sale prices have risen sharply. Take Grade A office buildings on the island as an example. From 1.2 Hong Kong dollars per square foot per month at the beginning of 1968, it has now risen to 1.9 Hong Kong dollars per square foot per month.

  For shops, the monthly rent for shops in ordinary areas is HK$5 to HK$6 per square foot per month, the monthly rents for shops in bustling areas are from HK$15 to HK$25 per square foot, and the monthly rent in Tsim Sha Tsui tourist area is as high as HK$70 per square foot;

  The selling price of commercial shops is often calculated at 100 times the monthly rent. For a shop with a monthly rent of 10,000 Hong Kong dollars, the asking price is 1 million Hong Kong dollars.

  On January 4, the eve of Cheung Kong's board of directors.

  Lin Youde, He Xian, and Zhong Ziguang came to Wu Guangyao’s office, and everyone chatted.

  Wu Guangyao asked generously: "How many shares of Cheung Kong Holdings are still in your hands?"

  Lin Youde is his father-in-law, and He Xian and Zhong Ziguang have been good friends with him for many years. This question can still be raised.

  Father-in-law Lin Youde took the lead and said: “I have 6% of Cheung Kong Holdings shares in my hands. At the beginning of last year, I spent 20 million Hong Kong dollars to buy back a lot of shares!”

  He Xian and Zhong Ziguang were shocked, and then suddenly, who called this Wu Guangyao’s father-in-law!

  He Xian said: "Brother Lin probably cashed out part of it beforehand, right?"

Lin Youde replied: "It's not a pre-event. As early as 1964, I cashed out 2% of the shares, which was almost 20 million. Last year, I saw that the political environment on Hong Kong Island was stable, so I returned from the market. I bought 4% of the shares. As soon as I came and went, I made 2% of the shares."

He Xian said: "This is not just a profit. Based on yesterday’s closing price of 30.8 Hong Kong dollars for Cheung Kong Holdings, the total market value of Cheung Kong Holdings is as high as 1.5 billion Hong Kong dollars. More than ten thousand Hong Kong dollars."

  He Xian and Zhong Ziguang have to be envious!

  Making money is second, the shares of Cheung Kong Holdings are now very popular!

   Then He Xian and Zhong Ziguang reported their shares, He Xian’s shares were 2%, and Zhong Ziguang’s shares were only 1.5%;

  The two have also sold high and bought low, but they didn't dare to go too much, so they came and went for several million.

  Wu Guangyao did the math, his own shares are 49%, and his father-in-law and the other three share 9.5%;

  In this case, the possibility of losing Cheung Kong Holdings is zero, but because he is about to issue 10 million new shares, Wu Guangyao only counts the shares in the hands of the four;

  In this case, the issuance of 10 million new shares can raise 310 million Hong Kong dollars. The total shares of the four people will be diluted, but there is still 48.4%, which is quite safe!

  Of course, Wu Guangyao will also take action to keep his stake at 49%.

  At this time, the market value of Cheung Kong Holdings seems to be 3.1 billion Hong Kong dollars, which is very high;

  But Wu Guangyao knew that even if someone immediately paid 30 billion Hong Kong dollars, he was reluctant to sell it.

Three commercial complexes, the Yangtze River Center, the New World Center (the site of the Blue Chimney), and the Changhe Center (Singapore), as well as six Central Grade A office buildings (four under construction). These industries alone will probably be worth 5,000 by the millennium. 100 million Hong Kong dollars or more.

  The next day, Cheung Kong Holdings held a board of directors. At the same time, reporters under the Cheung Kong Building were already waiting, because Cheung Kong Holdings had to hold a press conference later.

  Changjiang Industrial originally had only seven shareholders, but this time the board of directors will add two shareholders;

  Among them, Jardine Matheson came uninvited, but Wu Guangyao did not refuse. This can be regarded as let Jardine Matheson relax his vigilance. When that time, he will kill by one blow and **** the Wharf of Jardine Land.

  There is another shareholder Zhou Xinian, who was invited by Wu Guangyao on the initiative. As for the thoughts, only Wu Guangyao knows; it is nothing more than getting acquainted with each other, and then we can cooperate in the future. Does the milk company have the land it needs?

After introducing Zhou Xinian and the Chinese executives of Yihe, the board of directors formally entered the agenda.

  When Wu Guangyao proposed to issue 10 million new shares, a trace of discomfort flashed across the face of the Chinese shareholder representing Jardine Matheson!

  The issuance of new shares means that the shares are diluted, and the strength of Cheung Kong Holdings has skyrocketed. This is obviously not what Jardine International would like to see;

  However, Jardine Matheson will not reveal its intentions, because they have no right to reject this plan.

  The shareholder surnamed Chen on behalf of Jardine Matheson asked: "Chairman, as far as I know, Cheung Kong Holdings does not have land reserves for the development of the real estate industry. So what is the main purpose of raising 300 million Hong Kong dollars?"

Wu Guangyao said: "Part of the funds will be used for the construction costs of the four commercial buildings in Singapore's Changhe Center, Kowloon New World Center, and Central District; and part of the funds will be used for the next development of residential building projects. As for the land issue, I will be late. Cheung Kong Real Estate, the company, will choose to use the land to invest in Cheung Kong Holdings."

  The shareholder surnamed Chen finally knew the company's overall plan, and nodded without questioning it.

  Wu Guangyao suspects that if Jardine International Holdings wants to come to Cheung Kong as a shareholder, he has the idea of ​​inquiring about the activities of Cheung Kong Holdings!

  Since this is the case, why did Wu Guangyao agree to join the board of directors of Jardine Matheson?

  In fact, Wu Guangyao did not want to, but Jardine Matheson proposed that it owns 3% of Cheung Kong Holdings shares and that the number of shareholders of Cheung Kong Holdings is small, so he hopes to join the board of directors;

  Since they all said it was worth it, Wu Guangyao would naturally not refuse!

  After all, at this time, I did not meet the Jardine International Company by knife and gun, and I had to paralyze the Jardine International Company in order to achieve the purpose of acquiring the Wharf.

  Next, everyone discussed some details and determined a new year-long investment plan.

  When Yangtze River Industrial suspended trading and issued an announcement that 10 million new shares will be issued, Hong Kong Island stockholders were boiling!

  A lot of investors have joined the wave of buying!

  At this time, in the hearts of the people on Hong Kong Island, with three commercial complexes and six commercial buildings, Cheung Kong Holdings should have a market value greater than Jardine's;

  So, how can you not get excited?

  (End of this chapter)