Chapter 314: Land Auction
Li Xuan never thought that Bradshaw would promise himself in one bite. However, since he is not prepared for a hostile takeover, he must establish a good relationship with RCA's board of directors and management. Only mutual trust and recognition on both sides can be the basis for the next step.
On the morning of the next day, the ribbon-cutting ceremony of the second phase of the production line of the joint venture picture tube factory was held in Shekou Industrial Zone. In addition to the secretary of the Municipal Party Committee and the mayor of the Shenhai Special Economic Zone, the governor of eastern Guangdong Province specially came to attend the ribbon-cutting ceremony.
After the ceremony, the governor also held cordial and friendly talks with Bradshaw and Li Xuan. On behalf of the Guangdong Provincial Party Committee and the Provincial Government, it welcomes U.S. companies and Hong Kong entrepreneurs to continue to expand their investment. Guangdong Province will, as always, protect the legitimate rights and interests of foreign investors in China and provide all possible facilitation conditions and preferential measures for foreign businessmen.
Just when Li Xuan was in the Deep Sea Special Zone, participating in this kind of official meeting without too much nutrition, a public auction of land was being held in the large multi-functional conference hall of the Peninsula Hotel in Hong Kong.
This is the first time that the Hong Kong government has held a public land auction since September last year. There have been two land tenders held before this year, but the results have not been satisfactory. The enthusiasm of major real estate companies in Hong Kong to acquire land is very low, and everyone is in a wait-and-see state. As a result, the Hong Kong government thought that the prices of the bids of each company were too low, so they simply announced that the bids were scrapped and the land was recovered.
As a result, in the first half of this year, the Hong Kong government's land transfer income was less than HK$300 million, the lowest in the past 15 years. In the past two years, the Hong Kong government's annual land transfer fees were as high as billions of Hong Kong dollars, accounting for 35% of the total fiscal revenue.
But since the end of September last year. After Margaret Thatcher fell in the Great Hall of the People, Hong Kong's real estate industry also collapsed. Even the price of land has plummeted. However, the income from land sales is one of the important sources of the Hong Kong government's finances, so even if the market is bad. The Hong Kong government must also sell land.
In order to improve the enthusiasm of major real estate developers to acquire land, the Hong Kong government specially explored the real estate developers in Hong Kong before holding the auction, and launched a few favorite plots of land that everyone is very interested in this time.
When Li Ke walked into the auction site, there were already many heads of real estate companies who came to participate in the auction on the rows of chairs in the multi-functional conference room. Li Ke even recognized many wealthy people in Xiangjiang. For example, Mr. Li Jiacheng of Cheung Kong Industrial, Mr. Bao Yugang of Wharf, Kwok Desheng and Kwok Shanlian of Sun Hung Kai Properties, and Mr. Cheng Yutong of New World. Mr. Lee Chiu-kee of Henderson Land.
These are not the rich people of Xiangjiang without exception, but they are all together today. Everyone came to cheer for the sake of the Hong Kong government, but it is difficult to say how many people will really raise their cards during the auction later.
Li Xuan's eyes swept around, and he was about to retract his gaze, but he found Lin Guitai and Lin Yuli father and son on the left side of the third row. As a well-known real estate company in Hong Kong, it is natural for Lam Group to participate in today's auction.
A strange smile appeared on the corner of Li Ke's mouth, and he reached out and gently poked the other man next to him who walked into the venue with him. That's right, this person is Li Xuan's roommate in college, Lin Guitai's son Lin Yuhao.
Previously, Lin Yuhao was supported by Li Xuan. He went to the Deep Sea Special Zone and founded Feihong Real Estate Company. As one of the earliest companies to participate in the real estate development of the Deep Sea Special Economic Zone, Fei Hong Real Estate has made a lot of money in the past few years with the rapid development of the Special Economic Zone.
At the beginning, Li Ke had an affair with Hele Tang. Attacked by insinuations from Hong Kong newspapers. He took the initiative to withdraw from Feihong Company and transferred all the equity given to him by his younger brother Li Xuan to the Lin family.
And Li Xuan also took the initiative to come forward to interview Lin Guitai, and the prerequisite for the Li family to withdraw from Feihong Real Estate is. Lin Guitai must give Lin Yuhao all the shares of Feihong Company that he took over. After Lin Yuhao obtained the shares of Feihong Real Estate, he automatically gave up participating in the inheritance of all other properties of the Lin family.
Lin Yuhao was originally the product of Lin Guitai's unexpected affair. And Lin Guitai is a Chao-Shan. According to the tradition of the eldest son of the Chao-Shanshan people, even the youngest son like Lin Yuxin, who has been favored since childhood. can only take a small head when dividing the family property, not to mention an illegitimate child like Lin Yuhao.
And Lin Guitai's eldest son, Lin Yuli, joined Lin Real Estate early to help his father manage the business, and established a lot of prestige in the Lin Group. It was almost natural for him to inherit Lin Guitai's family business. Therefore, Li Xuan considered his roommates, instead of fantasizing about those mirage-like Lin family properties, it was better to be realistic and eat what he could catch first.
Now Fei Hung Real Estate has become a private company that belongs 100% to Lin Yuhao. And Lin Yuhao has almost devoted all his energy to the operation of Feihong Real Estate in recent years. He spends more time in the Deep Sea Special Administrative Region than in Hong Kong.
Relying on the rapid development of the deep-sea special zone, the performance of Feihong Real Estate can be said to be soaring. In the early days, it was mainly a residential area for developers, but with the adjustment of the policy of the deep-sea special zone, it will no longer provide household registration indicators for commercial buildings in the future.
Lin Yuhao, with the deep contacts accumulated in the Shenhai Municipal Party Committee and Municipal Government in the past few years, foresaw the change of policy early. Since last year, Feihong Real Estate has no longer carried out large-scale residential real estate development, but has begun to enter the development of commercial office buildings in response to the call of the Shenhai Municipal Government to improve the office environment of enterprises in Shenzhen.
"Your family's Lin real estate is said to have had a very bad time recently, there were too many projects started last year and the year before last, and now the capital chain is very tight! Your eldest brother Lin Yuli has sold a high-end mansion in Repulse Bay at a cheap price!" Li Ke said with a winkled eyebrow at Lin Yuhao.
"It's not as exaggerated as you say, my father has relied on his strong reputation in the past few decades, and several major creditor banks, including Ah Xuan's Jiahua Bank, have not called for loans. As long as the bank continues to support the Lin Group, the Lin family will not be hurt, and the difficulties are only temporary!" Lin Yuhao glanced in the direction where his eldest brother and father were sitting, and said lightly.
He now goes back once a month for a meal and chats with his father. Because Lin Yuhao has made it clear that he has withdrawn from the inheritance of the Lin family's property, his mother, eldest brother and second sister have improved their attitude towards him a lot. And because he goes back less often, as the so-called distance produces beauty, it is rare for everyone to sit together, and they can gradually talk and laugh.
After several years of experience in shopping malls, the current Lin Yuhao is no longer the shy student he used to be. He is the same age as Li Xuan, if it weren't for Li Xuan's demon, with his current net worth of hundreds of millions of Hong Kong dollars and his age in his early twenties, he would definitely be called a self-made young genius.
"Ah Ke, Ah Hao, you two are here today!" Xu Jiankui didn't know when he appeared behind the two of them, patted them on the shoulder and smiled.
Xu Jiankui and Lin Yuhao are among Li Xuan's rare friends in Hong Kong, and they are naturally familiar with Li Ke.
"Let's sit together!" Xu Jiankui pointed to his uncle Xu Shixun not far away.
The biggest advantage of his acquaintance with Li Xuan is that his status within the Xu family has risen. Xu Jiankui has now begun to participate in the management of the family business, and today it is he who accompanied his uncle Xu Shixun to participate in the auction on behalf of the Xu family's Zhou Xing Real Estate.
"Ah Hao, aren't you developing in the deep sea? Why did you come to participate in the Hong Kong government's land auction today, is your Feihong real estate also ready to return to Hong Kong?" Xu Jiankui asked curiously. (To be continued......)