Hong Kong 1980: The Savage Era

Chapter 548-550 [New and Old Chaebols] (New Book, Please Collect)
However, this is a period when Hong Kong's economy is gradually recovering, and Luo Qihong will not miss this opportunity.

Therefore, the funds brought back from various countries were used to buy large amounts of Hong Kong's blue-chip stocks, totaling almost HK$60 billion. Luo Qihong planned to make HK$97 to HK$60 billion before the return in 80.

On Monday, August 8, the Hong Kong MTR Corporation announced that Sino Land Development Co., Ltd. had won the bid for the development rights of the property above Tai Kok Tsui MTR station for HK$28 billion.

As far as Luo Qihong knows, the bid price was HK$59.9 million higher than the HK$3.7 billion bid by the second-place consortium formed by Nan Fung Group, allowing Sino Land Development to narrowly win.

According to the Hong Kong government's regulations, the first phase of Olympian City can build a floor area of ​​approximately 50 square feet, of which the retail mall area is as much as 20 square feet. It is expected that all construction work will be completed in the first half of 98 and then occupied.

There is also a piece of reclaimed land next to it, covering an area of ​​14 square feet, which also belongs to the Hong Kong Metro Company.

In other words, as long as they take over the first phase of Olympian City, they can discuss the joint development of this land with the Hong Kong Metro Company.

In the past, this piece of land was built into six high-rise residential buildings, providing 6 residential units, including top-floor duplex luxury houses. It had complete infrastructure, including a swimming pool, gym, children's playground, etc., with a total construction area of ​​1552 million square feet.

It was September 9st, and Luo Qihong was sitting in his office anxiously waiting for news.

The land of the International Financial Center in Central involves the core interests of the Zhao On Group and no accidents can occur. Therefore, Luo Qihong did not hesitate to raise the bidding price to HK$237 billion. At the same time, he told the companies in the consortium that if they felt the price was too high, they could withdraw at any time and he could withdraw funds to take over.

It was around 5 o'clock in the afternoon when Luo Qihong received a call and a look of joy appeared on his face.

The consortium led by Siu On Group won the bid for the Central Terminal of the Airport Rail Link with a bid of HK$237 billion, HK$29 billion higher than the second-place Hong Kong Land Development.

After hanging up the phone, Luo Qihong breathed a sigh of relief. The increase of HK$29 billion was completely acceptable.

What he didn't expect was that the Keswick family was so willing to spend so much. The price tag of HK$208 billion was not a low price, and it showed their determination to defend their dominant position in Central.

Unfortunately, the Keswick family was facing Luo Qihong and had no room for resistance.

Luo Qihong thought about it and decided that if the Hong Kong Land Development really won the bid, he would definitely spend any amount of money to acquire the Hong Kong Land Development. He would never allow anyone to take away his position as the overlord of Central.

In Luo Qihong's opinion, the entire project will be completed and occupied around 2003, with a total floor area of ​​approximately 470 million square feet. The first phase will be completed around 98, with a 42-story Grade A office building, a 4-story high-end shopping mall, a five-star hotel, and luxury residences.

Hong Kong real estate began to fully recover in the fourth quarter of 95, with a significant increase in transaction volume. The first wave of growth momentum has been formed, and with the successful bidding of multiple projects along the airport-railway line, the recovery has become unstoppable.

Hong Kong's stock market has always been highly tied to the local market. At the beginning of the year, Hong Kong's stock market fell to 6800 points, and has now risen to 9800 points. The Hang Seng Index will only rise in the future.

Zhaoan Group did not make any major bottom-fishing moves in real estate, but instead carried out large-scale bottom-fishing in the stock market.

Because the Zhaoan Group is no longer suitable for the "speculation" business, Luo Qihong's women have already carried out large-scale bottom-fishing operations, including Bai Jinyan, who have acquired luxury houses in the Mid-Levels.

Central Dehe Plaza Hotel.

Luo Qihong and brothers Liu Luanxiong sat at a table with more than a dozen dishes on it, and the aroma was fragrant.

The Liu brothers have been making continuous moves in recent years. The market value of the Chinese Estates Holdings group now exceeds HK$130 billion, with a lot of profits coming from rent and property speculation.

"Mr. Luo, I plan to really enter the transportation field. Do you want to join?" Liu Luanxiong put down his chopsticks and said to Luo Qihong.

Chinese Estates owns the Star Ferry Company, which has a ferry franchise business, but it is not large in scale and cannot be considered a big player in the transportation field. When Liu Luanxiong mentioned this, he was naturally talking about the acquisition of a company with transportation business. "Which company do you want to acquire?" Luo Qihong already had the answer in his mind, but he still wanted to ask clearly.

"Which other company could it be other than China Bus Company?" Liu Luanxiong said with a smile.

The Kowloon Motor Bus Company was in the hands of the Kwok Ping-sheung brothers. Although the management rights still belonged to the Lei Jue-kun family, the land under the company all belonged to Sun Hung Kai Properties. Of course, Lei Jue-kun also made a lot of profit.

The service and environment of China Bus Company were not satisfactory, and citizens had many complaints about this. In addition, the Yan family was not very friendly with the Hong Kong government. In addition, when the franchise expired in 98, the share price of China Bus Company had fallen below the historical low.

When the Palibao Investment Company acquired China-Burk, the Yan family tried their best to protect it and spent a huge amount of money. At the same time, they encountered the Sino-British negotiations, so the Yan family was seriously damaged.

However, China Motor Bus Company is still of high quality. It owns a bus factory site of more than 200,000 square feet in Chai Wan, which can be converted into residential or commercial use by paying land premium. It also owns shops, office buildings and residential units in Causeway Bay, North Point, Sha Tin and other areas.

After reading the information, Luo Qihong found out that China Bus Company held a large number of Hong Kong blue-chip stocks, overseas listed company shares and bonds, with a preliminary appraisal value of HK$11 billion.

No wonder Liu Luanxiong wanted to acquire China Bus Company, it turned out to be a piece of fat meat.

In fact, Hong Kong Island has long been overcrowded, and the subway can only reach important areas. In addition, the cost of maintaining a bus in Hong Kong is very high, so bus companies still have a way to survive, but the profits are not as great as before.

But if Liu Luanxiong were to operate the business, he could make huge profits just by developing the car parks in Chai Wan and North Point.

Today, the market value of China Bus is only HK$30 billion, and the Yan family holds between 30% and 35% of the shares, which is completely unable to withstand the acquisition by Liu Luanxiong.

"Big Liu, with your current financial resources, it will be no problem for you to acquire China Bus Company. Why do you want to involve me?" Luo Qihong put down the documents and asked excitedly.

Liu Luanxiong smiled and said, "Let me be frank. Acquiring China Motor Bus Company is a small matter, but I have other plans, including entering the bus franchise in the New Territories, and then using it to hold more prime land for future planning."

"The second reason is that I plan to set up a high-tech company to unite the MTR Corporation, the tram company, the Kowloon Motor Bus Corporation and other transportation franchise companies to use professional magnetic cards for payment."

Luo Qihong's face changed slightly. Liu Luanxiong's plan was very big, and it was impossible for the Chinese Estates Company to accomplish it alone. If he came forward, those companies would surely give him face.

This is a disguised monopoly of Hong Kong’s transportation.

"Aren't you worried that even I can't do it?" Luo Qihong laughed.

"Lawson has a good relationship with the Hong Kong government, so he should be able to deal with the MTR Corporation, right? As for other transportation companies, we can completely contract their bus and tram businesses, and that way we can achieve our goal."

It is worth mentioning that these specialized transportation companies have all become atypical real estate companies without exception, and no longer care about the trivial transportation services.

"Okay! Then how much equity do you plan to give me?" Luo Qihong picked up a piece of fish, chewed it twice and asked.

"In the new technology company, Luo Sheng can hold 30% of the shares, while Chinese Estates Holdings will hold 35% of the shares. The remaining shares will be distributed to other companies." Liu Luanxiong stared at Luo Qihong and said.

"What about China Bus Company?"

"I will work with Siu On Properties to develop the Chai Wan Depot and North Point Carpark. Siu On Properties will take 40% of the net profit, China Motor Bus will take 40% of the net profit, and the remaining 20% ​​will go to Chinese Estates." Liu Luanxiong said, "I guarantee that the company's dividends will be at least HK$2 million every year."

(End of this chapter)