328 Layout Land
"Loan in US dollars?" Chen Songqing frowned, he understood what Xu Zhi meant, the other party obviously didn't want to bear the handling fee in the foreign exchange process.
In the 80s, although Hong Kong was free of foreign exchange, anyone could exchange Hong Kong dollars for foreign currency, but it required a certain handling fee, which was not a small amount, but if the amount was large, the handling fee was also a large amount.
Bao Fuda said: "Xu Sheng, this is Xiangjiang, your bank is Xiangjiang, and our company is also Xiangjiang, isn't it strange to use US dollars?"
"Then there is no way, the Bank of East Asia has no money, if you can't accept it, you can go to other banks to try. Xu Zhi shrugged and said.
"I agreed. Chen Songqing agreed, 2 billion Hong Kong dollars foreign exchange conversion requires tens of millions of Hong Kong dollars in handling fees, which is a lot, but compared to the preferential interest rate that the Bank of East Asia can provide, it is nothing.
Xu Zhi nodded and smiled at Bao Fuda: "What does Mr. Bao Fuda think?"
"Xu Sheng doesn't have any other requirements, right?" Bao Fuda asked rhetorically.
"Absolutely none. Xu Zhi shook his head and smiled.
"That land can also be agreed. Bao Fuda nodded.
Xu Zhi stood up, stretched out his hands and said with a smile: "Then I wish us a happy cooperation." ”
......
After Chen Songqing and Bao Fuda and his party left the Heshi Building, Xu Zhi called He Guoyuan and Wang Liming and simply repeated the cooperation with Landmark Jianing.
Wang Liming asked: "Chairman, why do you want to take out a loan in US dollars? Although the current funds of the Bank of East Asia are no longer sufficient, as long as it waits for a while, it can absorb enough Hong Kong dollar deposits, and the negotiations between Hongkong Land and the Hilton Hotel are estimated to take a long time, not to mention the demolition of buildings and the removal of garbage in the future, which will not be completed in a year and a half, and the bank has enough time to prepare this amount of funds. ”
"You don't have to worry about this, I have my plan. Xu Zhi shook his head and smiled, and asked He Guoyuan again: "Can Midea raise 400 million US dollars?"
"If you have $400 million, you need to invest in some stocks of American companies. He Guoyuan replied that only last year in 1980, Midea's profits exceeded 400 million US dollars, and with the profits of previous years, the cash on the books had accumulated more than one billion US dollars.
However, these funds cannot be put in the bank to eat interest, except for the mobilization of a part of the help of Evergrande in 79 to help Hutchison and Hong Kong Electric, the rest of the funds are in overseas accounts.
According to some suggestions given by Xu Zhi, all the profits set up an investment fund, and bought some European and American company stocks in the U.S. stock market, and the annual increase and dividends of these stocks are very good, which has also greatly increased the company's income, and now, the entire Midea company, the income from financial investment has accounted for 30% of the company's total profits.
"It's not a good deal. Xu Zhi frowned and pondered, not only the cash on Midea's account, but also the funds of gold futures, in addition to the acquisition of Mack Truck and RCA TV business, there were hundreds of millions of dollars in balance, which were hidden by him in overseas funds, and invested in batches in some famous traditional enterprises in later generations, such as: Coca-Cola, Wal-Mart, Pepsi, Nokia and other companies.
Although these stocks cannot compare with the future growth of high-tech companies such as Microsoft and Cisco, they are better than the current market capitalization and large volume, which can easily accommodate hundreds of millions or even billions of dollars.
Wang Liming said: "Chairman, if you have to lend Hongkong dollars, I have another way, several of your companies are big customers of Citibank in the United States, and the manager of Citibank in Xiangjiang once hinted that I can give us a low-interest loan, what do you think?" ”
"Low-interest loan, do you mean that we borrowed Citi's money, and then lent the money to Hongkong Land? and then make a difference in the middle?" Xu Zhi asked with a frown.
Wang Liming nodded and said: "That's the case, but although President Reagan began to cut interest rates after taking office, the interest rate in the United States is not much lower than that of our Xiangjiang. ”
"Okay, then you go and get in touch, just don't lose money. Xu Zhi nodded in agreement. Insist on lending US dollars to Hongkong Land, just to pit him when the Hong Kong dollar plummets in the future, the current 400 million US dollars is worth 2 billion Hong Kong dollars, and in the second half of 83 years, it is worth 3 billion Hong Kong dollars.
"Okay, then I'll contact Citibank immediately. Wang Liming nodded and said.
Xu Zhi said: "There is another thing, from today onwards, I need you to slowly acquire the shares of Hongkong Land and Jardine Matheson in the stock market, this is not very urgent, don't let them find out, after Wharf, Jardine Matheson people have become particularly sensitive." ”
Wang Liming said: "Xu Sheng, Jardine Matheson and Hongkong Land have completed mutual control, and each party holds nearly 40% of the other party's shares, so it is difficult for us to forcibly acquire even if we have more money." ”
"Then do you think there is any way to crack this trick of mutual control?" Xu Zhi asked with a smile.
Wang Liming thought for a moment and said: "If you want to break this trick from the stock market, it is almost impossible, the only way is to start from the legal side and abolish this chain structure, but the law does not prohibit it, and the Xiangjiang court may not adopt this opinion." ”
"This can only be described as a possibility. Xu Zhi nodded and smiled: "There is another way, that is, Hongkong Land is insolvent, so now this move is the end of the entire Jardine Group." ”
"Insolvent?" Wang Liming thought for a moment and asked, "The chairman means that as long as the house price falls, Hongkong Land will be insolvent, but if we make a mistake in the bet, or if the fall is late, Hongkong Land makes enough profits from the Hilton Hotel project, what should we do?"
"That can only be said that the life of the land should not be extinguished. Xu Zhi smiled and said: "But we can also help, you arrange for someone to contact the person in charge of the Hilton Hotel in Xiangjiang and tell them to insist on protecting the interests of their company, the longer the time, the more benefits he can get." ”
"Understood. Wang Liming nodded and said.
......
A week passed quickly, and with the help of lawyers from both parties, Hongkong Jianing and Hutchison Whampoa reached an agreement on the transfer of the Hilton property, and since all three parties were listed companies, a grand press conference was held.
Hongkong Land and Jianing formed a consortium to acquire Hutchison Whampoa's Hilton property in Central for HK$2.7 billion, which will result in the demolition of the Hilton Hotel and the construction of one of the tallest buildings in Hong Kong.
The news shocked the entire Xiangjiang, and the stocks of Hongkong Land, Jianing and Hutchison soared, and at the same time pulled the entire Hong Kong stocks, and the huge transaction price also injected a shot in the arm for the entire real estate market.
At the reception, it was said that he was basically attracted by Chen Songqing's bright light, and he took the opportunity to hype up Jianing's future investment plans, intending to further increase his company's stock price.
Xu Zhi did not attend the press conference because an important guest had come to visit the building.
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