Chapter 919: Rushing by
In the blink of an eye, it was March of '86, and for more than a year, the development of the Lee consortium was not too turbulent, and because of the discovery of the new iggi iron ore in the Pilbara area, the Lee consortium once again reaped $9 billion in cash income.
This time, the proven reserves are larger than those of the Marandou iron ore mine, so the price of the shares sold is also higher.
At the same time, with the leadership of the U.S. government and the union of several Western European countries, the appreciation of the yen inevitably occurred, and after the Plaza Accord last September, the value of the yen began to soar, and the Lee consortium, which had been prepared for a long time, profited greatly from this operation.
At the 85-year summary meeting, the profit of the Li consortium exceeded 30 billion US dollars for the first time, reaching 34.5 billion, of which iron ore and the stock market played a very big role in promoting.
It is estimated that there will be a chance in 87, 90, 97, 98, 00, and 07 years to soar like last year, and it is still necessary for major groups to take it step by step.
Even if he has injected $2.5 billion into the Heung Kong Air Transport Group, $500 million into China Electric, $2 billion into the Kowloon Group, $1 billion into the Wheelock Group, and $1 billion into the Regal Hotel, he still has $26 billion in his hands.
Moreover, he did not transfer the profits of some groups, and put them in these groups, so that they had enough financial resources to continue to expand.
And this time the money in his hands will go to Western Europe, where privatization has spread from England to the Western European continent, and now with such a large amount of money, how can he let go of such an opportunity.
In response to the acquisition, Lee did not even return the $5 billion owed by the Japanese consortium.
Lee Kwong Yu's office has now moved into the newly completed Wheelock Building, the tallest building in Hong Kong to date, which is taller than last year's HSBC Tower.
However, the Wheelock Building will not occupy it for two years, and the Hong Leong Building under construction by the Singapore consortium is even higher than the Wheelock Building, while the Bank of China Building in mainland China ranks first in terms of design height.
At present, Wheelock Building is mainly the office of Li Guangyu and members of the executive group, and at the same time, Wheelock Group, Hengyu Supermarket Group, Tianyu Financial Group, Qinghong Law Firm, Zhou Xiaoning Accounting Firm, and China Electric Appliance Group are located here.
The former Li Building was officially renamed the Starlight Building, and the Starlight Real Estate Group, Feiyu Group, Hongyu Clothing Group, and Regal Hotel Group worked there.
In the past year or so, Jiayi Building and Xiangjiang Aviation Building have also been completed, and Jiayi Group has returned to Wutai Mountain again and has been neighbors with several major radio stations.
Although the development of the enterprise is gratifying, what makes Li Guangyu happiest is that Cao Weiqing gave birth to a son for him again, and the fourth in the family, Li Guangyu, was named Li Songyi.
Of course, in the past 85 years, there have been things that have saddened Lee Guangyu, as Feng Jingxi, a core member of the Heung Kong Consortium, chairman of New Asia Investment Company and chairman of the board of directors of Sun Hung Kai Financial Holding Group, died of illness in this year, which was a considerable blow to the Heung Kong Foundation.
Feng Jingxi has always been the leader in charge of the financial investment of the Xiangjiang Consortium, and he has a very high talent and vision in finance.
If Li Guangyu hadn't had foresight, his Tianyu Investment Company would really not be as good as Sun Hung Kai Securities.
In the office of the Wheelock Building, Li Guangyu asked Gan Qin: "These are the people traveling to Western Europe this time, you have to notify them one by one, and on the 28th, we will fly directly to Paris." ”
This time, Li Guangyu's lineup to Paris is very large, including Yuan Tianfan, president of Tianyu Financial Group, Zhao Xiaoyan, president of Kowloon Group, Qin Yu, president of Heung Kong Communication Group, Shi Shaoming, president of Jiayi Group, Fujiwara Huiyin, president of China Electric Group, and many vice presidents of the group.
His ally Jacques Chirac succeeded in the election yesterday, March 16, in which France will be governed by left-right politics, with the president accountable to the electorate and the prime minister accountable to parliament.
As a strong reformist, Chirac's campaign slogan is to carry out privatization reform of some French enterprises during his term of office, and as the Lee consortium, which has maintained good relations in the past two years, Chirac naturally invited them, hoping that the Lee consortium can join the process of privatization reform in France.
Li Guangyu has long coveted some industries in France, and this time he has such an opportunity, and now he has enough opportunities, how can he give up.
Gan Qin said: "Li Sheng, I have already written it down, the development of the Tin Shui Wai area has basically ended, and it will be officially opened this week, and many of our industries will settle in." All the shareholders of this joint opening will be present, and Guo Qingya asked me to ask what you mean. ”
After more than two years of accelerated construction, Li Guangyu and his major groups have completed their commitment to the government and completed the development within three years, and the joint development of the major groups in Tin Shui Wai has invested more than 10 billion Hong Kong dollars, which is very rare in the investment in Heung Kong Construction.
Several major real estate groups have sold more than 80,000 households this time, which is a good solution to the problem of housing shortage in Xiangjiang, and the house types built this time are much larger than those in the urban area, there are few 400 square feet here, most of them are 600 ~ 800 square feet of houses, so that Xiangjiang citizens can have a relatively wide living area.
As for the urban area, as the MTR station and highway are still under construction, if they are not long-term investors, they will not choose to buy property in Tin Shui Wai for the time being.
Fortunately, Tin Shui Wai now has enough market support, and now Tin Shui Wai has three colleges and universities: Heung Kong Aviation College, Heung Kong Media University, and Heung Chiang Chung Hua University, so that the popularity here has begun to soar, and Kangxin Hospital has also completed the expansion, which is enough to meet the needs of Tin Shui Wai area.
The construction of the Affiliated High School of Hong Kong Chung Hua University has also been completed, while Cheung Kong Primary School, Sun Hung Kai Primary School and New World Primary School have been completed. Lee Kwang Woo's Starlight Middle School and Elementary School have been expanded in order to reassure the citizens who have come to settle down.
The development speed can be said to have refreshed the record of Xiangjiang real estate development, before Xiangjiang Real Estate Group was after the land, the first phase of the development, only this time, the entire project was developed at the same time, and it was built before opening, which has not been seen for decades.
After several years of construction, the first and second phases of the power station in the northwest of Tin Shui Wai have been completed, and the power supply to the Li Industrial Park has begun, which has further soared the market value of the Heung Kong Electric Light Group.
In the past, the market of Heung Kong Electric Group has been shrinking in Heung Kong Island and Lamma Island, and the markets in Kowloon, the New Territories and other places have been occupied by Heung Kong and China Power Group, which also leads to the market value of Heung Kong Electric Group is only more than one-third of the other party.
After the Tin Shui Wai Power Station was put into operation and began to supply power to the Li Industrial Park, its market value began to approach that of Heung Kong CLP Power Group.
In recent years, the two groups have invested 20 billion Hong Kong dollars to build new power stations, and at present, the amount of electricity in Xiangjiang is very sufficient, and the market size determines the market value of the two groups.