Chapter 500: The Rich Zhao Family's Assets (I)

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"This is only an approximate estimate, and if you calculate it in detail, I believe that this number is only a lot more. Pen Fun Pavilion wWw. ｂiquge。 infoAfter all, the Zhao family is also a veteran wealthy family in Hong Kong that has been rich for decades. ”

Wang Zheng nodded, "Don't care about it for now, since I promised to accompany the money to accompany 'Collidon'." If nothing else, don't leave it untouched. ”

Wang Kai nodded, "Next is East West Bank." East West Bank's equity is a private investment by Zhao Defang. On November 22, because of the acquisition of Tiesko, Thailand's seventh largest commercial bank, it obtained 300 branches in Thailand, Cambodia and Malaysia, as well as total assets of 25.2 billion US dollars. So East West Bank's market capitalization rose to $13.5 billion at one point. But then, due to the sudden death of Zhao Defang, Huang Zuxiang and Tony Songpashan, the owner of the original Tieshico Bank, fought for the chairman of the board of directors of the bank and the control of the bank, causing internal management chaos and affecting the stock price. Therefore, the market value of Huamei has slipped to about $11.5 billion in recent times!"

"Who else are the major shareholders of East West Bank now, apart from the Zhao family, which holds 46.9 percent of the shares, and us, who owns 3 percent?" Wang Zheng asked.

"And UOB Chairman Ng Cho Siang. After Zhao Defang's death, he began to invest heavily in acquiring the shares of East West Bank in the market, and even tried to buy all the shares of East West Bank in Qian Xiangrong's hands, but she refused! Up to now, Huang Zuxiang has 14.8 percent of the shares of East West Bank in his hands. ”

“… Similar to Huang Zuxiang is Tony Songpashan. Originally, Zhao Defang spent $2.2 billion, as well as a 7% stake in East West Bank, to acquire 78.83% of his shares in Tieshiaco. After Zhao Defang's sudden death, this guy also saw an opportunity and began to increase his stake in East West Bank. Now he has a 15.1% stake in East West Bank. If it weren't for the fact that East West Bank would be forcibly delisted if it were less than 10 percent public ownership, it is estimated that they would continue to fight. ”

"It seems that there are a lot of people who like us who like this fat piece of East West Bank!"

"Not a lot, indeed. In addition to Huang Zuxiang and Tony Song Pashan, there are no less than 20 financial institutions that have made takeover offers to Qian Xiangrong! Among them are the domestic Industrial and Commercial Bank of Communications, as well as foreign financial giants such as JPMorgan Chase and Lloyds Bank. In particular, the National Westminster Bank, which owns 4.3 percent of the equity of East West Bank, is the most active, and they have already asked for money to accompany them three times in a row! They have even offered $6 billion in cash, plus a 2 percent stake in National Westminster Bank!

"It seems that everyone is not stupid and knows what a good thing is!" Wang Zheng smiled.

"Of course, in recent years, East West Bank has been one of the top 50 safest banks in the world selected by Global Finance magazine in the United States, and it is quite high, with a stable style and healthy finances!"

Wang Zheng nodded, and after a little muttering, "Let's increase my holdings of Huamei's shares from tomorrow, don't care if it meets the conditions for listing!"

"Yes!"

"Let's talk about the Defond Group!"

Wang Kai nodded, "The assets of Defeng Group are mainly divided into three parts, namely Wharf Group, Defeng Real Estate, and Defeng Development!"

"Wharf needless to say, this is the pillar of Defond Group, accounting for 68% of the group's total assets, and 72% of the revenue of the entire Defond Group, which is a well-deserved backbone!"

After nodding his head clearly, Wang Zheng said: "The Wharf is too large, let's talk about it at the end!"

"Yes... Excluding the Wharf Group, Defond Properties mainly develops properties and properties in Hong Kong, and also has some properties in the Mainland. The market capitalization is about 82.8 billion Hong Kong dollars. Defond Development, which mainly develops properties and properties in Singapore, has a market capitalization of about HK$20 billion. Excluding Wharf, the company has total assets of HK$153.5 billion and liabilities of HK$47.9 billion, and in 15 years, Defond Group's total revenue is HK$20.7 billion and profit is HK$5.38 billion!"

"Finally, it's the Wharf Group!"

After quickly sweeping over Wang Zheng, who was listening quietly, and his companions around him, Wang Kai said calmly, "As the largest industrial cluster of the Zhao family, Wharf owns 45% of the shareholders' equity. The group involves more than a dozen industries such as commercial real estate, real estate, property management, media, terminals, hotels, entertainment, communications, infrastructure, etc., with total assets of more than 445 billion Hong Kong dollars, and is the fourth listed company in the Hong Kong stock market. ”

“… Wharf's commercial real estate is the majority of its total assets, including shopping malls, office buildings, shops, hotels, private clubs, etc., with a total of 4.734 million square meters, most of which are located in the prosperous areas of Hong Kong and first- and second-tier cities in the mainland. The most representative are Harbour City and Times Square, with a combined market value of nearly HK$220 billion. In 15 years, it has generated a revenue of 12.1 billion Hong Kong dollars and a profit of 9.8 billion Hong Kong dollars!"

"No wonder Zhao Defang is reluctant to sell these two properties to us. Harbour City and Times Square alone account for half of Wharf Group's assets. Wang Lei said with a smile.

"Yes, without Harbour City and Times Square, Wharf would only be left with chicken feathers!"

"Otherwise, Zhao Defang would not have taken a risk!"

After waving his hand and signaling these subordinates to calm down, Wang Zheng motioned for Wang Kai to continue.

“… In addition to Harbour City and Times Square, as well as Plaza Hollywood. Times Square and IFC are the most representative commercial properties in Wharf. ”

"Times Square is already clear to us. IFC is a comprehensive real estate project built by Wharf in imitation of Harbour City, integrating leisure, shopping, entertainment, office and high-end hotels. It is divided into Shudu, Shancheng, Chang/Sha, Su/Zhou, and Wu/Tin five, except for the relatively small scale of Wu/Tin built and put into use, the other four will not be completed until 16 or 17 years. ”

This Wang Zheng knows. At the beginning, if it weren't for the fact that these five IFCs had not yet been built, he would not have only wanted Times Square when he first negotiated with Zhao Defang!

The five IFCs, plus two Times Outlets in Shudu and Chang/Sha, and Wheelock International Plaza in Magic City, are Wharf's major commercial real estate projects in the mainland. In Hong Kong, in addition to Harbour City and Times Square, there are 9 shopping malls including Carver Building, Wharf Telecom Plaza, and 15 office buildings. At present, the main development is the commercial real estate of the 'Kowloon East Waterfront Combination', which is in line with the Hong Kong government's goal of building a second core business district, and plans to build 560,000 square meters of commercial real estate and 784,000 square meters of high-end residential buildings in the next two years."

“… If these projects are completed, Wharf's commercial real estate will increase by 1.28 million square meters, with total assets exceeding 500 billion Hong Kong dollars, and surpassing China Resources and Shui On to become one of the world's top 10 commercial real estate companies. ”

After nodding his head clearly, Wang Zheng turned to ask: "Now how much commercial real estate under the Times Group is not counting the Times Square and Marco Polo Hotel that were originally acquired from Wharf?"

"If you count Baiweiju, it's about 11.59 million square meters!" Wang Kai said.

"What if you don't count Barilla?"

"If you don't count Baiweiju, it's about 5.35 million square meters!"

Wang Zheng's face showed a hint of understanding. In the past year, even with the loan and his own profits, he invested nearly 85 billion Huaxia yuan in Times Group in exchange for the commercial real estate of more than 10 million, which is not easy to think about.

"What if we inject these commercial properties into ......Wharf?"

Wang Kai, who knew the meaning of the song after hearing the strings, quickly said: "Then we will become the world's third largest commercial real estate developer after Simon in the United States and Wanda in China!"

Wang Zheng was moved, no matter what industry, it is always exciting to be at the forefront of the world.

Silently half-sounded, and after silently sketching in his heart, he waved his hand to signal Wang Kai to continue.

“… In terms of real estate, Wharf mainly develops high-end residential properties in the mainland and Hong Kong, and its business strategy is stable! At present, it has a land bank of 13 million square meters! It owns 85 high-end residential properties in Hong Kong and the mainland, with sales of 30 billion Chinese dollars in 15 years. There are 23 high-end residential projects currently under development and ready to be developed, and the highest value is the Hong Kong Peak property portfolio, including luxury residential projects such as No. 1 Plantation Road, No. 11 Plantation Road, No. 77 Peak Road, and Hung Mei Court, with a property area of 39,700 square meters and a value of HK$28 billion!"

In addition, in addition to Wharf's own real estate development, it also owns the equity of three domestic real estate companies, of which Greentown China is the second largest shareholder with 25.1% of the shares. Sino-Ocean Land holds 7.2% of the shares and is one of the important shareholders. In addition, it is the 5.04% equity of Longfor Real Estate mentioned before, which belongs to the private investment of the Zhao family. ”

"Are there any hopes of acquisitions for these three real estate companies?"

"Longfor's shareholders are relatively single, and the shareholding is more than 70%, and there is little hope of acquisition. Behind Sino-Ocean Real Estate is COSCO Group, and there is not much hope. The only possible one is Greentown China!"

Wang Zheng nodded clearly, and after a silent half-sound, "Today's meeting is over, you are responsible for contacting the major shareholders of Greentown China, and you can use the 'embedded memory modifier' when necessary!"

"Yes!"

Perhaps because he once worked in the real estate industry, Wang Zheng has an inexplicable obsession with houses. Moreover, the industry is really profitable, and it can be used to launch a series of his plans.

“… In terms of retail, Wharf Group has more than 400 distribution networks in more than 50 cities including the Mainland, Hong Kong, Taiwan and Macau, and has the agency rights of more than 20 international brands such as Prada, Guchi and Elizabeth Arden, with annual sales of HK$18 billion.

“… In terms of hotels, there are mainly 14 Marco Polo hotels! In addition, Wharf originally planned to set up a super five-star 'Niccolo Hotel' in the Shudu International Financial Center, ready to open next year!"

“… In terms of terminals, Modern Cargo Terminal, a subsidiary of the Wharf Group, owns four berths 1, 2, 5 and 9 at Kwai Tsing Terminal in Hong Kong, which can handle 7 million TEUs, as well as DaChan Bay Terminal, Shekou Container Terminal and Chiwan Container Terminal in the Pearl River Delta in the Mainland, and Taicang Modern Terminal in the Yangtze River Delta. It has a total of 27 terminals held, invested and operated, with a container throughput of 13.94 million containers in 15 years, making it the fifth largest professional terminal operator in China after Hutchison Whampoa, COSCO Pacific, China Merchants International and China Shipping Terminal. ”

"Internationally?"

"Thirty-first!"

Wang Zheng frowned, much further back than he thought. However, although Wharf has many assets, it is impossible to be at the forefront of more than a dozen industries.

After waving his hand at Wang Kai to continue, "... i-CABLE Corporation, one of Wharf's subsidiaries, holds 73.8% of the shareholders' equity. It is a Hong Kong broadcasting, communications, advertising and cross-media integrated service organization, with a Hong Kong cable TV license and a second network franchise, with millions of users in Hong Kong, and just obtained a free TV service license in Hong Kong this year!"

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