Chapter 408: Harbour City
In Mr. Wu's view, it was entirely desirable to spin off the real estate industry from Wharf Group and re-establish a subsidiary to develop in partnership with Sumu and focus on real estate projects.
The Wharf Group's next plan is too huge, requiring at least HK$19 billion to be invested, and neither the Wharf Group nor its parent company, which holds 44% of Wharf's shares, can afford it.
It's going to return next year, and a group of businessmen with money in their hands are still holding on to the currency, and the pressure on independent development is too great, so they started the idea of financing, which was originally just casually mentioned, but I didn't expect Su Mu to really have the idea of investing.
The land at Wharf Wharf is very large, and the location is also very good, it belongs to the fragrant *** area, Su Mu asked: "How much capital can your company take out with that piece of land?"
The location of the project is very good, your kind of design and utilization plan is a bit wasteful, I think it is necessary to change it, since you can build a high-rise building of four or five hundred meters, why only build one or two hundred meters?"
"Five billion Hong Kong dollars, there is no need to worry about money, as long as we can negotiate, the bank will definitely be willing to give us a loan.
I agree with the change of plan, but at the same time, the development requires a lot of money, if you are willing to come up with more money, I can give you 49% of the shares of this subsidiary, and we can also come up with the corresponding funds. ”
Mr. Wu Zheng said.
Su Mu likes to talk about business with him, his personality is more refreshing, not so much roundabout, some time ago he discussed the approximate investment plan, Su Mu invested 1.5 billion US dollars here, and got 40% of the shares of the new company, and the Wharf Group invested 5 billion Hong Kong dollars in wharf land, accounting for 60% of the company's shares, and the value of the land was converted into 1.23 billion US dollars.
The conditions are not bad, the Wharf Group has taken advantage of a little bit, mainly because the value of the land is overestimated, the recent decline in the price of land in Xiangjiang, may not be able to sell at such a high price, the funds of the two sides together, is not enough to develop all the land, the rest of the money needs to be filled with bank loans, because the company will have so many funds and assets, it is more convenient to borrow from the bank.
With a mysterious attachment to the real estate industry, Boss Wu saw that Su Mu revealed the intention of building a higher building, so he naturally raised his hands to welcome, and both sides thought that Xiangjiang would develop better after the return.
Under this consensus, the "Wharf Harbour City" project will build apartments and shops in the early stage, but will not be sold in the short term, counting the development cycle, at least it will be sold to the outside world around the new millennium, and it needs to bear a lot of financial pressure in the early stage, which is also the reason why Boss Wu is willing to give up 9% of the shares in exchange for more funds.
The news that Su Mu built the world's tallest building in Pudong, Huaxia alone has long spread all over the world, and Boss Wu also wants to have a top high-rise building in his project.
1.5 billion US dollars are going to be taken, and it is not a big problem to invest some more, in terms of controlling stake, Su Mu knows that it is difficult to get it, but if he holds 49% of the shares, it is not impossible to turn over and become a major shareholder in the future, the other party is happy, he is also happy, and said: "Yes, I can add another amount of money, the plan you designed is too ugly, my request is to redesign, it is better to be unique." ”
"These are minor issues......"
……
The negotiation process has gone smoothly, some old buildings will be demolished, land will be used to build new buildings, and the investment will increase to nearly 1.9 billion US dollars, and the specific details will be discussed in detail by both sides.
If the contract is signed, some of their shares will also belong to Su Mu, which is considered to offset part of the funds of the joint investment, compared to Xiangjiang Real Estate, Su Mu attaches more importance to the real estate development prospects in the mainland, and the housing reform policy has been implemented, but he is still taking the land, and has no plans to start developing now.
The land is mainly located in the core area of major cities and provincial capitals, and he has spent a lot of money one after another, aside from the money needed for the company's daily operation, most of the working capital has become land, and it is still constantly acquiring state-owned enterprises with development prospects, transforming them into Sino-foreign joint ventures, carrying out reforms, making it more competitive, and the state monopoly industries such as finance, insurance, and electric power are also the focus of his attention.
Judging from the current operation of the shopping mall at Wharf Wharf, maybe in the future we can make some money by collecting rent, and then sell the shares, even if we lose money, we can't lose too much money, and the building and land are still there.
I didn't stay long, I played golf for more than two hours, and it rained lightly in the sky, which just gave Su Mu a reason to leave first, and Lily was still in the hospital.
She wants to have a baby early, and the baby is almost developed, which is very good compared with the American mothers who are only six or seven months pregnant and give birth early because they want to maintain a good figure.
The doctor said that there was no problem, and it would be the same if she stayed in the nursery box for an extra week or two in the later period, so Su Mu went with her, and after preparing things that day, she was sent to the delivery room early the next morning.
I knew it was a daughter a few months ago, there was no surprise at all, everything went smoothly during the operation, and Su Mu had an extra daughter......
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In order to get the first photo of the little guy, several newspapers offered a high price of more than 100,000 US dollars, and there were bodyguards guarding them 24 hours a day, and so far no one has succeeded.
Su Mu protects the child very well, the photo of his son Su Lin has not been circulated on the Internet, people can only find photos of him when he was a child, and now he is studying in Salt Lake City, Nevada, and there are more than a dozen bodyguards in the school alone, and the room where he lives is also secretly installed with cameras, and there are also in the corridor.
On the fifth day after the birth of their daughter, the couple began to struggle with what to name her, Sumu liked Christina, and Lily preferred the name "Avril", which would accompany their daughter for the rest of her life, so they couldn't take it lightly.
The little guy's skin began to normalize, and his face did not grow, and at this moment, Su Mu was half-squatting next to the nursery box to look at her, and whispered to Lily lying on the hospital bed: "Look, the skin is so white, what do you think I should give her, Pepsi shares? Or the Xiangjiang real estate I recently invested? I think it would be good to buy some Chanel or LV Group shares for her." ”
Lily rolled her eyes: "I think you should give her a bottle of milk now, I asked you to brew it more than half an hour ago, and I haven't fed her yet......"