Chapter 419 Industrial Bases on a Scale-by-Scale (Part I)
Although Li Xuan began to change his attitude and intended to let Oriental Game Company go public in the United States, this matter was not achieved overnight after all. And as Du Wenqiang said, Oriental Game Company is actually not short of money.
With the current ability of Oriental Game Company to attract money, as long as Li Xuan shows a little bit of his mouth, those investment bank managers on Wall Street will pounce on him like mad dogs to fight for food. So Li Xuan had enough confidence to slowly bargain with them and strive for the greatest benefit for himself.
At the end of May, South China has entered the summer season, and the largest amusement center in Southeast Asia, China Entertainment City, located in the Deep Sea Special Zone, has opened its doors.
"Wow, there are so many people, the queue is so long!"
Zhong Chuhong has lost his luxurious dress today, but has changed to a fresh route. Dressed in simple casual clothes, she looks like a twenty-eight-year-old girl, and she can't tell that she is a hot mother who already has two children.
It's just that although a pair of toad mirrors covers most of her face, she is naturally beautiful and difficult to give up, and she can still attract a lot of amazing eyes. Li Xuan took the beauty's hand, looking at the peeks of the people around him from time to time, and couldn't help but feel a little proud.
"Hehe, your husband and I will do something, just put a hundred hearts!" Li Xuan said and conjured up a few tickets from his hand.
China Entertainment City deliberately chose to open on Saturday, and it had previously carried out bombardment and intensive publicity in the media in Hong Kong and Shenzhen. So today's congestion is also predictable, and even the flow of people from Hong Kong to the Deep Sea Special Zone is much higher than in the past. Many Hong Kong residents were attracted by the advertised title of "Southeast Asia's largest amusement centre" and came to experience it for themselves.
"Rail cars, roller coasters, big turntables, Ferris wheels, which one do you want to play first?" asked Li Xuan with a smile.
"I'm not going to go on roller coasters. What is this rail car? Why don't we go play this first!" Zhong Chuhong flipped through the stack of tickets handed to him by Li Xuan, and first gave up the two roller coaster tickets that Li Xuan had placed on top.
"As you wish!" Li Xuan smiled. He also knew that his wife's courage was limited.
When the two came to the entrance of the rail car project, Zhong Chuhong looked at the towering air not far away. When there were at least a few stories of railroad tracks, my heart began to worry.
But before she could retreat in a hurry, Li Xuan put his arm around her waist and walked quickly inside. Li Xuan seems to have returned to a few years ago when the two first met, and they went to Ocean Park to play. Zhong Chuhong was also like this, and was half-dragged to play a roller coaster.
The greatest pleasure for men to come to the amusement park is not to experience the excitement of these rides, but to show their masculine charm in front of girls screaming in panic. The total length of the high-altitude track is five kilometers. Went around the entire casino. From the seat, you can't see the rails underneath the train, so it feels as if you're hanging in mid-air.
In fact, this project is much gentler than the roller coaster with a height difference of 45 meters and two 360-degree spins not far away. Especially for people like Li Xuan, who like to choose a window seat to enjoy the scenery outside when they take a plane, this height is nothing.
But Zhong Chuhong was a little afraid of heights, and he closed his eyes nervously and didn't dare to open them at all. Li Xuan had no choice but to gently hold her hands and keep comforting her. It wasn't until the train had gone half a circle that she finally had the courage to open her eyes.
After overcoming the initial fear of heights, Zhong Chuhong soon began to enjoy the enthusiasm of climbing high and looking into the distance. At an altitude of more than ten meters, the entire surrounding Chinese entertainment city can be seen. The rippling waters of Xiangmi Lake in the distance and the grassy scenery of the golf course are even more beautiful.
China Entertainment City is actually a part of Xiangmi Lake Resort. The entire Xiangmi Lake Resort includes a high-end hotel, a golf course, a sports center and a China Entertainment City, and it is one of the largest Sino-foreign joint venture projects that have been built in the Shenhai Special Economic Zone.
Speaking of which, Xiangmi Lake Resort and Li Xuan also have a lot of origins. At the end of 1981. The Deep Sea Special Zone has set up a special development group to better develop the special zone. The first major project launched by Tefa Group after its establishment was Xiangmi Lake Resort.
However, the planned investment of this project is as high as hundreds of millions of Hong Kong dollars, and it is impossible for the SAR government to spend such a large amount of money to build a resort. So the only way is to attract foreign investment. At that time, however, Hong Kongers were far less optimistic about the prospects of the SAR and China as they were a few years later.
Like a number of large companies in Hong Kong, the company has issued invitations for cooperation. But most of them were politely refused, including the Xu family's Zhouxing Real Estate. Once Xu Jiankui inadvertently mentioned this matter to Li Xuan. Li Xuan saw the development prospects of the Shenhai Special Zone very much, so he simply encouraged him to invest in his own name.
Although Xu Jiankui is the son of a wealthy Xu family, the family property is run by the elders, and he can actually only receive hundreds of thousands of pocket money every month. In the end, Li Xuan's friend came forward to help him endorse, and Xu Jiankui borrowed 140 million Hong Kong dollars from the bank.
And it was Jiahua Bank under Li Xuan's name that provided funds for Xu Jiankui. The total investment of the entire Xiangmi Lake Resort is as high as 350 million Hong Kong dollars, of which Xu Jiankui invested 140 million Hong Kong dollars, accounting for 40% of the shares. The special development group invested 210 million yuan, accounting for 60% of the shares.
Of the HK$210 million investment, HK$100 million is in the form of land shares, and HK$110 million in cash is required. The HK$100 million also came from the credit of Jiahua Bank.
It is with the Xiangmi Lake Resort project that Jiahua Bank has established a good relationship with the Shenhai Special Economic Zone and has begun to fully enter the mainland market. And this time, Li Xuan was invited by Xu Jiankui, a major shareholder, to take his wife Zhong Chuhong to Xiangmi Lake Resort for a vacation.
After the two played the monorail, Li Xuan originally wanted to take his wife to experience the roller coaster again, but Zhong Chuhong didn't dare to try it. In the end, Li Xuan had no choice but to settle for the next best thing and took his lover to take a romantic Ferris wheel. It's been a long time since the two have had such uninhibited, wanton indulgence.
As a Hong Kong investor in the resort, Xu Jiankui naturally had to accompany the leaders of the Special Administrative Region who came to attend the opening ribbon-cutting ceremony in the morning. It wasn't until the evening that he found time to ask Li Xuan to go golf with him.
There is a standard par 72 course at Xiangmi Lake Resort. A well-known European stadium designer was specially invited to design the stadium, and the construction cost of this stadium alone was as high as 60 million Hong Kong dollars.
Of course. For Chinese in the eighties, the sport of golf was still a little unfamiliar. This Honey Lake Club is membership-based. At this stage, it is mainly aimed at the wealthy class in Hong Kong.
Golf is a popular and elegant sport in Hong Kong's upper class, but Hong Kong is narrow and crowded, with only two courses, Deep Water Bay and Fanling, which is difficult to meet everyone's needs. Therefore, this newly opened Xiangmihu Golf Club can be regarded as the right time to appear.
And Xu Jiankui relied on the connections behind the Xu family, and before it opened, he brought more than 100 members to the club. You must know that golf is by no means a civilian sport, and the annual membership fee set by Xiangmi Lake Club also needs 20,000 Hong Kong dollars. The annual fee for corporate membership is as high as HK$100,000. Becoming a member does not mean that you can play for free, you will also have to charge every time you come to the course to swing, but you can enjoy some special benefits!
"Boss Xu is getting into the gold fight every day this time!" Li Xuan quipped to Xu Jiankui who came forward.
Although it was the first day of business, there were already many customers playing on the golf course. Most of these people knew Xu Jiankui, and a few of them only joined the membership for his face, so Xu Jiankui naturally stepped forward to say hello to the guests.
"How dare I compare my ability with Li Sheng, I still don't owe you a lot of debts to your old man!" Xu Jiankui scolded with a smile.
Previously, when Jiahua Bank signed a credit contract with Xu Jiankui and Tefa Group, there was a special clause stating that the contract amount was measured in US dollars. At the beginning, Jiahua Bank was the Xiangmi Lake Resort project. A total of HK$250 million in loans were disbursed, which was equivalent to about US$50 million at the time.
But at the latest Hong Kong dollar exchange rate, the US$50 million that Xu Jiankui and Tefa Group need to repay has become HK$390 million. That is, because of the depreciation of the Hong Kong dollar. Jiahua Bank made an extra profit of HK$140 million out of thin air.
This kind of earning ability has to make Xu Jiankui's admired five-body land. You must know that Jiahua Bank can also earn a huge loan interest from the Xiangmi Lake project.
Fortunately, Li Xuan at least didn't do things perfectly. After signing the contract, he kindly reminded Xu Jiankui and Tefa Group to pay attention to the risk of depreciation of the Hong Kong dollar. At that time, the Tefa Group was a little unimpressed. In fact, unless they are majoring in international finance, most of the mainland officials in this era. There is no concept of exchange rate risk at all.
Fortunately, Xu Jiankui was 100% convinced of Li Xuan, and strongly requested that the Hong Kong dollar funds in the joint venture company's account be transferred to US dollars. The SAR is adjacent to Hong Kong, and most of the foreign imports are through Hong Kong channels, so in many cases, the US dollar is not as convenient as the Hong Kong dollar.
But Xu Jiankui was very persistent, and the special development company was not good at offending Hong Kong investors because of this little trouble. This also allowed the joint venture project to avoid the exchange rate loss of the Hong Kong dollar crisis in 83.
"My younger brother Jianheng has graduated from college and returned to Hong Kong this month, and my second uncle asked me to ask you, can you let Ah Heng work in the Oriental Group?" Xu Jiankui said.
Li Xuan knew that the husband of the Hong Kong sister had finished studying, and Xu Jianheng had been his best man at the beginning. Although Li Xuan was not happy to let this playboy come to work in the Oriental Group, with the close relationship between the Xu family and himself, he couldn't directly refuse, so he just raised an idler in the company.
Xu Jiankui also seemed to have guessed what Li Xuan was thinking, shook his head slightly, and continued to explain: "What my second uncle means is that he doesn't want Ah Heng to continue to mess with such fox friends and dogs. Ah Heng actually admires you a lot, and has always regarded you as his idol. In fact, when he went to college in the United States, he studied business, but later changed to electronics!
I originally wanted Ah Heng to come to Shunchang Electronics to do things, but the second uncle said that his company couldn't hold him down. It's better to go to other people's companies to really suffer a little, and the jade can't be made!"
Li Xuan smiled freely, the Xu Jianheng in his memory was not good except for countless scandals. Before Li Xuan was reborn, he was already over half a hundred years old, and he still hadn't been able to enter the management of Xu's company.
"If Ah Heng is willing to settle down and marry and learn something, you can let him follow Ah Lun and be in charge of our industrial construction work here in the Special Economic Zone!" Li Xuan thought for a while and said.
Since Xu Shixun intends to polish his son, Li Xuan naturally wants to cooperate. But it's not easy for him to be an outsider to be an evil person, and it's hard to put this Xu Gongzi at the grassroots level.
Chrillen is in charge of building an industrial base in the Deep Sea Special Zone, which is one of the most important recent events for the Eastern Group. This work is complicated and very motivating.
It can not only experience a series of processes from project approval to production from a micro perspective. From a macro point of view, how does a large industry with a total output value of tens of billions of Hong Kong dollars be laid out?
Xu Jiankui nodded happily, obviously very satisfied with Li Xuan's arrangement. Xu Jianheng's transfer to major in electronics can actually be said to be a microcosm of Li Xuan's influence on Hong Kong. Because of his appearance, more and more capital in Hong Kong has begun to flow to the electronics industry in recent years.
For example, Shunchang Electronics, which Xu Jiankui just mentioned, is an attempt by the Xu family to extend its tentacles to the electronics industry. At the beginning, Xu Aizhou relied on the operation of Shunchang Shipping Industry and became the prominent ship king in Hong Kong, which also laid the foundation of Hui's wealthy family. But in recent years, the Xu family has almost sold off the ships owned by Shunchang Shipping, and the family's main asset has become Zhouxing Real Estate Company.
But the Xu family obviously hasn't forgotten the word "Shunchang" that they started. As early as more than two years ago, the Xu family bought out a series of technologies for portable music players from the Oriental Research Institute, and with the large-scale support of the Oriental Group, they built a factory to mass-produce their own walkman products.
In the past two years, the development of Shunchang Electronics Company has also been booming. Its Walkman and other products, with the support of Oriental Trading's channels, have also successfully entered the two important markets of Europe and the United States.
Not only the Xu family, which has a close relationship with Li Xuan, but also other wealthy families in Hong Kong have begun to test the electronics industry under the legendary example of "God of Wealth Li". In recent years, a large part of Hong Kong's venture capital invested in the electronics sector has come from these wealthy people.
Li Xuan naturally welcomed this situation, and for this reason, he also deliberately adjusted some strategies of the Eastern Group to better guide and accept these funds to join the electronics industry.
For example, when the Oriental Group built a television industry base in the deep-sea special zone in the name of RCA, it began to share many key projects with these foreign investments. The core component of the TV is the picture tube, and RCA plans to build a production capacity of 10 million picture tubes per year in the deep sea special zone.
The CRT manufacturing industry can also be divided into many steps, such as glass shell factory, phosphor factory, shadow mask factory, metal parts stamping factory, deflection coil factory and so on. Previously, RCA's Phase I and Phase II CRT factories were mainly built for assembly capacity, and most of the core components needed to be imported from RCA's manufacturing bases in North America and Taiwan.
But in the wake of the eye contamination scandal at Taiwan's RCA branch, Li Xuan was determined to speed up the transfer of CRT production to the mainland. However, this time, Li Xuan is not ready to invest directly, but is ready to attract external capital to join by providing technical support and order guarantee. (To be continued......)