Through the wealth life

Chapter 697 Cash Flow

Since it was Sunday today, it was rare for Li Guangyu and the others to have some leisure time. In the afternoon, they specially came to the golf course in Shenshuiwan for entertainment.

As for golf, Li Guangyu himself has never played golf before. Compared with Li Ka-shing, Lee Shau-kee and others, there is a difference between a superstar and a water dispenser.

Fortunately, everyone was just entertaining, and didn't pay much attention to these things. These people are busy with the group's affairs all day, and they rarely have a leisure time like this.

Li Guobao and Chen Youqing are better. These two are relatively young, so they are not as hard-working as the older generation. They leave home at [-] o'clock every day to go to work in the group, and return home from the company at [-] o'clock in the evening. Sometimes it is often very late. to be able to go home.

As for the fact that holidays do not exist for them, it is not bad to be busy with company affairs for two days a month. It is simply a luxury to hope that future generations will work eight hours a day on weekends like that.

This golf course is mainly for the rich in Hong Kong. Although the fees are quite expensive and they are all membership-based, Li Guangyu brought them in by relying on Lee Shau-kee and Li Ka-shing. He himself does not have a membership card here.

Of course, if Li Guangyu needed it, it was quite easy to apply for a membership card, and Li Guangyu asked Du Yonghong to do it for him.

Expensive is a bit more expensive, but the service here is quite good, and the caddy's appearance is also quite high.

Watching Li Guangyu hit a few shots, Li Zhaoji on the side smiled and said: "Guangyu, you can't put all your mind on the industry anymore, you still need to have a little hobby when you are free, and you don't need too much exercise to play this game. Well, the helmsmen of many Western companies also like to play this thing. We play together until it doesn’t matter, and if someone invites you to play, then you will make a fool of yourself.”

Li Guangyu also knew that no matter it is now or in the future, rich people prefer to play with this thing. If he doesn't learn it, he might really make a fool of himself in the future.

However, this technique cannot be practiced in a day or two. Li Guangyu plans to play two shots when he has nothing to do in the future. He doesn't ask how good his technique is, at least he can make sure he doesn't make a fool of himself.

These few had just finished for a while, how could they spend all their minds on playing together, sat down in the rest area, and naturally chatted about things related to them again.

Among them, the focus is on the Taipei MRT. The preliminary construction of the Taipei MRT has gone smoothly. This time they are preparing to enter the property of the Taipei Development Station.

Li Zhaoji said: "Coslight, since Line [-] is located in Taipei this time, if we start development next year according to the original plan, there will be too many openings at that time, which will not be good for us. Currently, several of our major real estate groups are here. There are no major projects to be developed in Bian for the time being, and we plan to start developing several sites in the city center now, as for later development in remote areas, we will be less stressed.”

Li Guangyu has no objection to this. This time, his Starlight Real Estate Group will only list properties in Taipei Development Station, lest there will be too many real estate properties and sales will be difficult.

Li Guangyu said: "Uncle Si, I don't have any problem with this. Our Starlight Real Estate Group will also suspend new construction in other places in Taipei, mainly on the Zhanshang property, so as to avoid internal friction."

This time, the part of the Taipei business that belongs to Heung Kong Zhonghua Investment Company is mainly Cheung Kong, Sun Hung Kai and Shau Kee Group, while Ho’s Investment Company is developed by Hongji Real Estate Group, and Tianyu Investment Company is developed by Starlight Real Estate Group. develop.

Originally, Li Guangyu and the others planned to start construction at the end of next year. When the Taipei MRT is put into use, they will be able to open the market, which will be quite beneficial to their sales.

Now they are considering the demand for property purchases in Taipei. If development is not started now, after four years, 12 properties will open at the same time. Each of their properties is very large, and the pressure is too great.

With this development now, five or six stations in the city center can be opened two years in advance. After the opening of the Taipei MRT in the future, the pressure they face on the opening will be reduced by half, and their one-time investment in it will be much smaller.

At present, the pressure on their major groups is also relatively high. Their assets in Xiangjiang have also shrunk a lot due to the property market and the stock market. If they hadn’t made a fortune in the stock market this time, they would not dare to spread the stall so big now. .

Especially after the real estate in Japan was sold out, several major groups have made huge profits, and they have the confidence to develop the properties on the Taipei MRT station in Taiwan.

Although they made a lot of money, they also invested a lot after following Li Guangyu for more than a year, so that they could only watch their wealth continue to rise, and the funds in their hands were still relatively tight.

Fortunately, there is still the support of the Li's consortium behind them. They don't have to worry about the possibility of a break in the group's capital chain. The monthly profits of these groups under the Li's consortium are nearly 30 billion Hong Kong dollars, which is enough to fill the loopholes of any group.

Now the new three major chariots of Li's consortium have begun to take shape, Xingyu Group, Xiangyu Group and Hengyu Supermarket Group, the monthly profits of the three groups are very terrifying.

Together with its public service companies such as Hong Kong Air Transport Group, Kowloon Bus and Hong Kong Telephone Company, the cash flow is also very abundant.

This also made Li Ka-shing, Lee Shau-kee and others more willing to develop Heung Kong Electric Group and China Gas Group. As long as these two groups exist, they don't need to worry about working capital.

Although the real estate industry makes money, the cycle is too long, the unpredictability is too much, and the ability to resist risks is weak. They also hope that some stable enterprises will support the group's continued development.

After all, it is far from enough for their major groups to rely on the rent of properties to support the development of the group. In this regard, their group will need at least several decades of operation. By then, there will be more properties, and the rent will naturally be terrifying At that time, they don't need to worry about group funds.

What Li Zhaoji admired most about Li Guangyu was that even though the Lee consortium was expanding rapidly, their consortium never relied on loans to maintain the development of the group, so no matter what kind of risks they faced, they would not be under too much pressure.

Looking at some of the current bankrupt and near-bankrupt companies in Heung Kong, you can see that the reason why they can't bear it is that the group's liquidity is too small, and they rely on bank loans to maintain the company's expansion. When the danger comes, they can only go bankrupt.

Li Shau Kee, Li Ka-shing and others are very clear that relying on borrowing to expand rapidly is not a stable foundation. Such a developed enterprise is too risky, which is not conducive to the long-term survival of the group. They need to control the initiative in their own hands.

As long as their own group has sufficient cash flow support, no matter what risks they encounter in the future, they will be as stable as Mount Tai, and there is no need to worry too much.

At present, to obtain a stable cash flow, the main investment is in public service companies. Although the investment amount is large and the return is slow, they can bring a lot of money to themselves and others every month.

Li Guangyu and the others also had some exchanges on the Southeast Asian market. In the past few years, their main focus has been to hold on to the Xiangjiang market, develop the Southeast Asian market, and the Japanese Treasure Island market. The mainland market will also be their top priority in the future.

(End of this chapter)