People in Hong Kong create super chaebols

"I'll find time to talk to Yihe Taipan Nian Bijian about this piece of land."

Su Cheng marked the information on this piece of land with a red pen and turned to the next page again.

The information on this page actually shows that two buildings are for sale together, namely the Federal Building and the Mong Kok International Building. The total price is HK$18 billion, and the seller is the famous Wheelock Group.

Federal Building Sioux City knows this because of its special status in Hong Kong. This building was built in 1964, with a height of 31 floors and 91 meters. It was the tallest commercial building in Hong Kong from 1964 to 1966, so its popularity in Hong Kong It is considered relatively high.

This commercial building located on Des Voeux Road in Central is often passed by by Sioux City and is an important part of the Central city skyline. Unexpectedly, it was put up for sale.

As for the Mong Kok International Building, it is also a relatively tall building on the Kowloon Peninsula, with a height of 30 floors.

Two buildings with more than 30 floors were actually sold for a total of only HK$18 billion, and one of them is located in the core of Central. You can make money by buying it!

The Wheelock Group is not having a good time now. Due to its lack of confidence in the prospects of Hong Kong and its overly conservative business practices, its profits in the real estate industry are not high. In addition, the depression in the shipping industry has brought greater losses to the Wheelock Group. The losses have caused the group to have a very difficult life now.

"What's going on here? Why did Wheelock Group sell the two buildings together?" Su Cheng asked Zhang Qizheng in surprise.

He believed that when Zhang Qi was collecting this information, he must have also investigated the situation behind it.

As expected, Zhang Qizheng answered directly: "Boss, it's like this. Wheelock, like Global Shipping Company, has more than 200 subsidiaries, but its main business is still the shipping industry. The shipping industry has been affected by the oil crisis and other factors. Due to many problems, the company has been in a state of depression in recent years, and Global Shipping Company has been selling a large number of ships.

But Wheelock is different. They are still increasing their efforts to order new ships and even purchase a large number of second-hand cargo ships from Global Shipping Company. In their view, this is Wheelock surpassing Global Shipping Company and becoming the world's number one shipping company. Great opportunity for businesses.

Since Global Shipping Company has recently sold a group of cargo ships, they planned to buy them, but they did not have enough funds, so they wanted to sell the two buildings, the Federal Building and the Mong Kok International Building, in order to return funds and then use the money to purchase these ships from Global Shipping Company. cargo ship. "

Didn't expect such a thing exists?

Su Cheng was a little surprised.

This Wheelock is really jumping into a pit of fire.

No wonder in the world before traveling to Sioux City, Wheelock finally couldn't hold on and was acquired by the Charter King.

This is really seeking death.

As for the charter king, Su Cheng still knows some things because they are all shareholders of Wharf.

Now, the charter king focuses his energy on Wharf, and although Global Shipping Company is his fortune industry, he has realized that if Global Shipping Company does not reduce its burden, it will definitely be heavily in debt in the future, thus dragging him down.

Therefore, Global Shipping Company has been continuously reducing its capital. It is said that many plans to build new ships originally planned at the beginning of last year have been stopped by the charter king.

Today, the main goal of the Charter King is to have Wharf build Harbor City as soon as possible and then put it into use.

Previously, although Sioux City's logistics company also bought some cargo ships and oil tankers from Global Shipping Company, they did not sell many. Wheelock is the real big customer of Universal Shipping Company, and it is constantly taking over ships that Universal Shipping Company has eliminated.

"What is the approximate market price of these two buildings?" Su Cheng asked.

"The market price is around HK$20 billion, but there is a price but no market. With the current market conditions, it is difficult to sell it." Zhang Qizheng replied.

Su Cheng nodded, already calling Xiao Ai in his heart.

"Xiao Ai, do you have any information on the sale of the Federal Building?" Su Cheng asked in his mind.

"Yes, Master." Xiao Ai quickly gave the answer.

It turns out that if Sioux City does not buy this time, next year, in 1980, Wheelock's Federal Real Estate and Li Chaoren's Yangtze River Industries will form Zhuojian Investment Co., Ltd., each holding 50% of the equity; Zhuojian will first invest 10 billion yuan internally. Purchased the Federal Building and International Building under Wheelock at a high price, first collecting 5 million in cash, and then Li Chaoren used Zhuo Jian to sell the two buildings for 22.35 billion, and then let Wheelock cash out 11 billion, and Li Chaoren also received 11 5 million yuan, after deducting the 6 million yuan originally paid to Wheelock, it made million yuan in just a few months.

This is the shortsightedness of John Madden, the current chairman of Wheelock. In order to reduce risks, when developing real estate, Wheelock would rather revalue the land, allocate it as capital, and then cooperate with other powerful developers. Divide profits.

Zhuojian was just a shell company specially created by Wheelock to prevent risks. The main purpose was to sell these two buildings. In the end, Li Chaoren asked others to contact others to buy them for 22.35 billion, allowing them to easily make 6 HK$16 billion, Wheelock actually received about HK$ billion in funds.

This was probably something Li Chaoren had secretly discussed with Wheelock Chairman John Madden. Perhaps Li Chaoren had already known that someone was willing to pay this price to buy these two buildings, otherwise there would not have been such an operation in the end.

From this point of view, Wheelock had no choice but to hand over the sale to Li Chaoru because it couldn't sell it at the price it had listed before, and then did this?

Su Cheng probably saw some of the tricks, so he had to admire Li Chaoren. It was indeed extraordinary for someone to become the richest man in his previous life.

However, since this world has been encountered by him, it will naturally not allow Li Chaoren to have the opportunity to make this money.

He had his eye on these two buildings.

10 billion is definitely unrealistic. After all, it is just the price at which Wheelock Group sells its left hand to its right hand. For a property with a market price of around 20 billion, their current selling price of 18 billion is not outrageous.

However, since he chose to cooperate with Li Chaoren, the final profit was only 16 billion Hong Kong dollars, which means that they are also able to accept the price of 16 billion, it just depends on how to convince them.

Thinking of this, Su Cheng smiled and said to Zhang Qizheng, "I'm interested in this too."

Zhang Qizheng was a little surprised. If the boss looked at it this way, wouldn't he be able to buy all the properties with this information?

Because he himself has calculated the total value of this information. If the prices paid by these owners are used, the total price will exceed 80 billion Hong Kong dollars, reaching 86.85 billion Hong Kong dollars.

The total selling price of the land on the first page and the two buildings on the second page has reached HK$41.86 billion. (End of chapter)