Chapter 739 Investment in Singapore

On the morning of the next day, Lee Kong Woo and his entourage arrived at Singapore Changi International Airport by special plane, where the Prime Minister of Singapore and the Minister of Industry and Commerce greeted Lee Kuang Woo and Cheng Yu Tung at the airport.

In the Singapore Government Lounge, he had friendly talks with several government officials and the Lee Kong Yu delegation.

This time, Li Guangyu's investment in Singapore is not smaller than that in Malaysia, and they will build a China City in Singapore with an investment of 4 billion Hong Kong dollars, which is different from Malaysia, which is more focused on business and office, and has no planned residences.

Due to the government-guaranteed housing in Singapore, the housing prices here are relatively stable, and the profits on commercial housing are low.

This time, they are building Chinatown in Singapore, which is mainly a commercial complex and office building, and they have no plans to sell in this regard, and their future profits will mainly depend on rental income.

After introducing Singapore's advantages and their government's policy on foreign investment, Li Guangyu said: "Singapore has developed rapidly over the years, and Xiangjiang, Baodao, South Korea and known as the Asian Tigers, here convenient transportation, excellent geographical location and excellent political and business environment make us believe that Singapore's future development will be more brilliant, our enterprises are also willing to invest in Singapore, and Singapore common development." ”

He is still very happy about the development of Singapore over the years, and now hopes to build Singapore into a financial center, a high-tech R&D center, and a logistics and trade center in Southeast Asia.

In this regard, the Lee Consortium and the Heung Kong Consortium have come to invest, which has a huge role in promoting this, especially in logistics, trade and finance, the Lee Consortium and the Heung Kong Consortium have a large fleet behind them, and the top banks in Asia can help them develop in Singapore.

As for high-tech research and development, it is also clear that Li Guangyu focuses on the semiconductor layout on the treasure island, and the mobile phone industry is in Xiangjiang, so they don't have to think about it in Singapore.

The most important thing for him to seize the advantage of their Singapore location in the Strait of Malacca is to reach an agreement with the Lee consortium and the Heung Kong consortium on logistics, so that Singapore will become the distribution center of their shipping group in Southeast Asia.

Since Singapore is the only country in Southeast Asia with a relatively complete and developed heavy industry, the Lee Consortium and the Heung Kong Consortium are able to provide both ship procurement and Bentley Group's steel needs.

In the afternoon, Lee Guangyu and his entourage, accompanied by the Minister of Industry, visited Singapore's Jurong Industrial Zone, which is currently home to Singapore's heavy industry.

Compared with Singapore, Xiangjiang is still deficient in this regard, Xiangjiang does not have any heavy industry enterprises, and even the technology industry is far from Singapore.

In the evening, Li Guangyu and the others discussed today's inspection situation and discussed the next activities.

Zheng Yutong said: "Guangyu, in Singapore, there are not many opportunities for our real estate group to invest, the profitability is low, not suitable for a large number of our real estate group to settle in, here the hotel industry I think is promising, the tourism market here is still good, I believe that our hotel into the dream can have a very good harvest." ”

Now, regardless of the Lee consortium or the Heung Kong consortium, the vast majority of shareholders have real estate groups in their hands, which is also their main business at present, and the profitability of commercial and residential development in Singapore is too low, and they will not enter the Singapore market.

The Lee consortium's main markets in Southeast Asia are still mainly in Malaysia and Thailand, with the Philippines and Indonesia, and Singapore they have no plans to enter in a big way.

Although the geographical location here is quite good, the labor cost is also much higher than that of Malaysia, which is why Lee Guangyu built the truck production base in Malaysia instead of Singapore.

It is good for Singapore to establish an oil, gas and chemical industry, but Li Guangyu and his team have not yet entered the energy industry, and it is too early to talk about this issue.

Moreover, the Singapore market is so big, and the real estate industry they are engaged in is not very profitable here, and they are not willing to come to compete with the Singapore family.

This time, Li Guangyu's Wheelock Group ordered two cargo ships at Singapore's state-owned shipyard, and Cao Weide also ordered two ships on behalf of IMC Shipping Group, which can be regarded as a project given by them to visit Singapore.

Coupled with the investment of 4 billion Hong Kong dollars, their investment here this time is almost the same.

Of course, Lee Kong Woo, Wheelock Group and Cao Boon Kam Wanbang Shipping Group have also signed a contract with Singapore to use the Singapore port as the group's Southeast Asian cargo distribution center.

Lee Guangyu himself knows that Singapore will be one of the important tourist destinations in Southeast Asia in the future, and the future Singapore tourism market will be quite good, and the hotel service industry will be quite good.

Li Guangyu said: "In terms of the hotel, Vice President Wang Xingquan conducted an inspection and made an effective plan. ”

Cao Weide said: "Guangyu, this time we Wanbang Shipping Group and your Wheelock Group will join hands to build a cargo storage center in the port of Singapore, let your Wheelock Group senior management come to be responsible for this, you also know that I and Daddy now have a lot of business, we are not enough manpower in this regard, you Wheelock Group has been relatively idle in the past two years, let a vice president come over will not delay the development of your Wheelock Group." ”

Cao Weide himself often travels to Xiangjiang and Bangkok, he doesn't want to take the affairs of Singapore on his own anymore, it is better to let Li Guangyu send someone over here, anyway, there are many high-level leaders of Wheelock Group, let them send people to build here, and then Wanbang Shipping will send finance over.

Li Guangyu is also aware of the situation of the Cao family, Cao Wenjin now has to travel between Xiangjiang and Tokyo frequently, Cao Weide himself has to go back and forth between Xiangjiang and Bangkok, they really don't have much energy to take care of this affairs, and now Wheelock Group has no projects for the time being except for the development of Horse Racing City, and there is no problem with letting a vice president come over.

Li Guangyu said: "Second brother, I will arrange for a vice president of Wheelock Group to come over to be responsible for the preliminary work of the cargo storage center here, and you Wanbang Shipping Group will arrange personnel to coordinate and set up a management team here." ”

After discussing the affairs here, Li Guangyu habitually said: "Ganqin, you inform Guo Qingya and ask her to arrange a vice president of the group to come to Singapore." ”

After Li Guangyu finished speaking, Zheng Yutong and the others laughed, and Li Guangyu also reacted, now Gan Qin is not here.

Li Guangyu then said to Le Yiling: "Yi Ling, you contact Guo Qingya and ask her to arrange for a vice president to come over and connect with the Singapore government for this investment according to the situation here, so that this cargo storage center can start construction and be put into use as soon as possible." ”

Cao Weide was a little worried about his sister in his heart, it seems that Li Guangyu is used to using that assistant, when he has something to order, he will subconsciously be Ganqin, and he doesn't know how it will develop in the future, I hope that something will not happen that makes the two families unpleasant.