I Want To Be a Rich Man on Hong Kong Island

  Chapter 560【Tian Shui Wai】

  Hutchison Headquarters.

  Wei Li sat on the sofa and seriously reported to Wu Guangyao, who was leaning on the chair with his eyes closed;

  Although Wu Guangyao closed his eyes and seemed to be resting his mind, he actually listened very seriously.

  While also admired Wu Guangyao a little bit more at this time, especially in selling short-term investment securities held by Hutchison Bank;

  It turns out that Wu Guangyao originally ordered Hutchison management to sell 500 million short-term investments (stocks, Qi Dezun is keen!);

  After all these stocks sold out above 500 points in the Hang Seng Index, the Hang Seng Index fell crazily again in the middle of this month (June). In the past ten days, the Hang Seng Index reached 260 points, which can be described as avoiding a lot of losses.

  "At present, Hutchison Bank has short-term debts of 300 million Hong Kong dollars, long-term debts of 510 million Hong Kong dollars, and cash of 330 million Hong Kong dollars."

  Originally, Hutchison Bank had a total debt of 1.24 billion Hong Kong dollars and a cash flow of 760 million Hong Kong dollars (160 million directional financing, 500 million Hong Kong dollars to sell short-term investments, 100 million Hong Kong dollars to sell a large number of companies.)

  It is indeed the right move to spend 430 million Hong Kong dollars to reduce debt, otherwise the litigation alone will consume a lot of energy of Hutchison!

   "With the remaining 330 million Hong Kong dollars, the management intends to take advantage of the stock market downturn to privatize Watsons and increase its stake in Whampoa Dockyard."

  It is true that Watsons should be privatized first, because Watsons has a low market value, but its annual profit is very large;

  So after privatization, it can bring a lot of cash support to Hutchison Bank!

  While the Whampoa Dockyard is not listed, Hutchison Holdings will increase its holdings in the Whampoa Dockyard before starting the merger of the two companies.

  Wu Guangyao suddenly opened his eyes and said, “After the two plans, can there be funds for development?”

  Wei Li said seriously: "If you can get a loan of 200 million Hong Kong dollars, it is estimated that there will be 250 million Hong Kong dollars in liquidity!"

   To put it bluntly, it can squeeze 50 million Hong Kong dollars, but Wei Li knows that if there is Wu Guangyao's own guarantee, there are still many banks that can lend to Hutchison Bank.

Wu Guangyao said: "Well, you go to HSBC to talk, and I will guarantee it! Remember, the interest rate cannot exceed 10% (low-interest loan). I believe that HSBC as a shareholder can agree to this interest rate; at the same time, you immediately Go to the gold free market and purchase large amounts of gold at a price of no more than US$150 per ounce."

  HSBC holds few shares of Hutchison Bank and does not participate in the management of Hutchison Bank, so the loan meets the requirements;

  After Wu Guangyao became the head of Hutchison Bank, China Everbright Bank and Hang Seng Bank became inconvenient for loans;

  Of course, you can also apply to the Hong Kong government, but it is more troublesome!

  Wei Li was taken aback, and the boss’s idea was too unreasonable!

   "However, now that gold has risen to $143 per ounce, is there still room for growth?"

"Naturally, the so-called buying up or down, the price of gold will go up! And Hong Kong liberalized gold free trade in February this year, and a large number of gold merchants came to Hong Kong Island. It would not be difficult to buy 200 million Hong Kong dollars in gold. Hutchison Bank urgently needs funds to replenish blood, and I will participate by myself. Of course, if there is a loss, I will be responsible for everything; therefore, you can rest assured to implement it!"

  Seeing that his arms could not twist his thighs, Wei Li had to agree!

   Then Wu Guangyao made another move: "You go to contact Yonggao Company to see if the Americans intend to sell it?"

  Wei Li came to the spirit this time and said: "The boss has taken a fancy to the Hilton Hotel in Central? However, the financial situation of the Hyatt Regency Bali in Indonesia should not be good!"

  Yonggao is a US-owned company that owns the famous Hilton Hotel in Central and the Hyatt Hotel in Bali, Indonesia;

  Wu Guangyao thinks of this Yonggao company, and he is also grabbing Li Chaoren’s opportunity!

  As far as Wu Guangyao knows, this Yonggao company was sold to Li Chaoren for 130 million in 1977. At that time, the real estate and stock market on Hong Kong Island had turned strong, and the oil crisis had begun to ease. So now it is definitely not worth 130 million Hong Kong dollars.

  Although Excelle Hotel has been losing money because Bali’s tourism industry has not yet become popular;

  But if you have 130 million Hong Kong dollars, you will definitely not build two hotels;

  So, this cost-effective business can definitely be done!

  "It’s okay, as long as the price is right, it can be won! We earn below 120 million Hong Kong dollars! The most important thing is the Central Hilton Hotel, which will definitely become more and more valuable!"

  We want to think too, the Hilton Hotel in Central is indeed well-known and very valuable for investment;

  In addition, the current world environment is not good, maybe Hutchison Foreign Company can really miss it!

  After the two things were explained, Wu Guangyao waved to let Wei Li go busy, and one after another met with other management.

  At this time, Wu Guangyao also understood the 2.1 million square feet of land in Huangpu Dockyard, which belongs to Huangpu Dockyard and has not been developed yet;

  This makes Wu Guangyao hot, isn’t this the next Taikoo City!

  However, the Huangpu Dockyard site has two disadvantages:

  First, the geographical location of Hung Hom is a bit weaker than that of the upper quarry;

  Second, Huangpu Dockyard belongs to industrial land. If the nature of the land is to be changed, it is estimated that it will cost about 500 million to 1 billion Hong Kong dollars according to the current market.

  Previous life Li Chaoren negotiated with the Hong Kong government for land premiums in 1981. The Hong Kong government offered a sky-high price of 2.5 billion Hong Kong dollars. After the Sino-British negotiations, Li Chaoren only spent 300 million Hong Kong dollars to change the nature of the land.

  At this time, Hutchison Holdings and Whampoa Dockyard have not yet merged, and the two companies can't come up with funds to develop Whampoa Dockyard, so it is destined to not be able to use this land now!

  Fortunately, the warehouses and container terminals on the Huangpu Dock site can still guarantee a certain profit, so let this land be put for another ten years!

   Wu Guangyao calculated that the Huangpu Dock Hung Hom site can produce 8 million square feet of residential area and 1.8 million square feet of commercial area;

  In the 1980s, only 8 million square meters of residential area could easily make a profit of more than 10 billion Hong Kong dollars;

  The 1.8 million square feet of commercial area has been able to bring sustainable profits to Hutchison Whampoa.

  On this day, Wu Guangyao took Rong Bensheng, Li Bing, Fu Hongru, Shi Jun and other senior executives to Tin Shui Wai, New Territories.

  Tin Shui Wai covers an area of ​​approximately 52 million square feet. It is located in the New Territories of Hong Kong, across the sea from Shekou in Shenzhen.

  Here is a piece of farmland, a pond, and some dilapidated houses. Some farmers grow land here, and some fishermen raise fish here.

  Since the beginning of this century, the land in Tin Shui Wai has been owned by people from the Zhao family under the name of Liande Company, which is one of the largest single-owner-owned lots in Hong Kong.

  It is said that this Zhao clan is a descendant of Zhu Yuanzhang, who fled to Hong Kong after the fall of the Ming Dynasty.

  After the tour, a group of people came to the place facing Shenzhen across the sea and stopped.

   "I plan to buy Tin Shui Wai in the name of the family office!"

  Everyone gasped, not lamenting that this business is huge, but lamenting that the various aspects involved are too huge after buying Tin Shui Wai.

Rong Bensheng reminded: "Tian Shui Wai is located in the New Territories, and the lease term in the New Territories is 99 years; this is 1974, and it will be returned to China in 1997; therefore, there is still 23 years of use here, and the situation after that is unpredictable. Will China Nationalize everything here?"

Wu Guangyao said with a smile: "According to you, why don't the mainland and Kowloon not return? Hong Kong itself is no longer a colony, and it will be sooner or later for the mainland government to take back! You don't need to worry, let alone be afraid. The social development is changing with each passing day. I'll stand still, let's wait and see if you don't believe it!"

  Because they are the things that he trusts most, Wu Guangyao rarely thinks that they have confided in them!

  Wu Guangyao also knows that his senior executives also have assets abroad. After all, the rich in Hong Kong are making two-handed preparations!

Shi Jun also joined the discussion: "Even if the boss thinks that the mainland will allow private ownership of property, but the scope of this Tianshuiwei is so large, the Hong Kong government will not easily give up its interests; so even if we acquire the Zhao family’s Liande company, follow-up It is also necessary to negotiate with the Hong Kong government. What is important is that transportation and government agencies require the approval and assistance of the Hong Kong government."

Wu Guangyao nodded and said: "So, I have a big idea about Tin Shui Wai! First of all, we will build a huge industrial park here. I will invest a lot of industries here, such as electronics, machinery, zippers, Toys, beverages and food processing, Chinese medicine production bases and other industries. As long as the popularity here is, then housing and commerce will naturally be available. I want to build a new town that can accommodate 500,000 people, and it is also our Hong Kong Industrial Park, Hong Kong’s Silicon Valley."

  Everyone was shocked by Wu Guangyao's huge plan, and then they joined the discussion!

  Not to mention the establishment of a new town of 500,000, which means the construction of the entire Hong Kong city with a population of 5 million. The Wu family said that they can also give it a try.

  The US$1 billion in gold invested by Wu Guangyao four years ago will be worth US$4.5 billion in December of this year;

  It is conceivable, but how easy it is to make money when one has a large amount of assets!

   Investing in Tianshuiwei, Wu Guangyao's fancy is not real estate, but industrial park;

  As for the real estate in Tin Shui Wai, Wu Guangyao will even fight with the Hong Kong government, and the two sides will cooperate to build some low-rent housing.

  Another advantage of Tin Shui Wai is that it can absorb people from the opposite side at any time and use it as cheap labor;

  Although the words are a bit ugly, if you want to compete with emerging economies—South Korea and Singapore, you must have some advantages.

Wu Guangyao said to Rong Bensheng: "Recently, you and the people from the Guangyao Family Office came to do this. Let me talk about Zhao's shares in the Liande Company. Governor Hao negotiated."

  Rong Bensheng nodded heavily, and said: "The problem is not big. There will be no prying eyes in the wilderness here. At that time, I will purchase Liande in the name of needing to invest in the factory."

   “Implement it as soon as possible! My Lenovo Group’s business has skyrocketed in recent years, and there is an urgent need for a lower-cost production base.” Wu Guangyao said.

  For Hong Kong’s electronics industry, Wu Guangyao still intends to move into the low-end manufacturing industry first, and then transform when the time is right!

  Since 1975, the two universities on Hong Kong Island can graduate between 600 and 1,000 students in the Department of Electronics and Electrical Engineering each year;

  Of course, most of these talents will be taken over by Wu Guangyao's company;

  By the early 1980s, there will be 5,000 talents in this field on Hong Kong Island.

  The placement of these talents, of course, can not all count on Lenovo Group, so Wu Guangyao plans to establish another electronics company-Xiaomi Electronics.

  The business of Xiaomi Electronics at the beginning was mainly to develop and produce low-end electronic components, and then proceed to part of the development.

  Relying on the strength of Lenovo Electric and the development of Xiaomi Electronics, Wu Guangyao is still confident;

  Especially at the end of the 1970s, you can also manufacture red and white game consoles for Sony.

  (End of this chapter)