Chapter 525: Dubai World Island
Chapter 525: Dubai World Island
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"Mortgage?"
"That's right!"
Wang Zheng nodded. Pen % fun % Pavilion www.biquge.info
"How much do you want to borrow?" asked Hamdan after a moment of silence.
"At least $10 billion!"
The huge number made Hamdan's face look look shocked, "Wang, are you sure you are not joking?"
"Hamdan, I never joke about business!"
Looking at the look on his face that didn't seem to be fake, Hamdan calmed down a little, "Wang, can you tell me the reason why you borrowed so much money?"
Wang Zheng nodded, "You know that I just acquired the old real estate developer 'Wharf' in Hong Kong!"
Of course, the news was reported in the media all over the world. And they're especially interested in where you come from!"
Wang Zheng smiled when he heard this, "I want to live more freely, so I don't want to show my head in front of the news media too much." After a pause, "Of course, that's not the point. The focus is that I am optimistic about the future of China's commercial real estate market, so I plan to invest 300 billion Huaxia dollars in the next three years to build a comprehensive commercial project with 200,000 square meters of shopping malls, 5-star hotels, serviced apartments, and 5A-level ultra-high-rise commercial buildings around 25 second-tier cities in China. For this plan, I have prepared the equivalent of 70 billion Huaxia coins, about 9.6 billion US dollars. But it's about $10 billion short of the plan's initial funding. So I'm going to ask Prince Hamdan to help me and contact several sovereign funds in the Middle East, and I'm willing to use Wharf's fixed assets to pledge loans!"
Wang Zheng magnified the money in his hand. Now he doesn't want to talk about 70 billion Huaxia coins, and he can't even take out 20 billion. But in order to increase the convincing power, it is also okay to fool around.
Moreover, Wharf Real Estate will resume listing after the year. At that time, the funds in his hands will also be full, and it doesn't matter if he lies or not.
"Your courage is truly amazing, king!"
After looking at Wang Zheng in a daze, Hamdan said with amazement.
"If you don't call me crazy, I'm already surprised!"
"Hehe, crazy, is there anything crazier in the world than Dubai?" Hamdan smiled proudly.
Wang Zheng was stunned for a moment, thinking about the world's tallest building in Dubai, the Burj Khalifa, the world-renowned Burj Al Arab, the extremely luxurious Atlantis, the amazing Palm Island, and the world-shocking World Island project. There is no doubt that the people of Dubai are much better than Wang Zhengke in terms of crazy investment in architecture.
"In this way, my plan is indeed a bit 'trivial'!"
"The same cannot be said. Although we invest a staggering amount in a single project. The size of the investment alone is not much like your big plan. And I was a little shocked to invest 300 billion Huaxia coins in three years... However, Wang, as far as I know, you already borrowed more than $10 billion when you bought Wharf and Defond Group, and now if you refinance, the annual interest will be as high as $1.4 billion! If it is a 10-year loan term, you will have to add another $2 billion a year in principal. Are you sure you have such a high level of solvency?"
"Hamdan, I never do things that I am not sure of!"
"Oh?"
Looking at his curious eyes, Wang Zheng smiled indifferently. Raise your right hand and make a move behind you. Soon, Wang Qian, who was following behind, took out a document from his briefcase and handed it to him.
Because Wang Zheng did not have a full-time secretary, Wang Gan took on this role by his side many times.
"Believe my 'Baiweiju' catering company, you should know too, right?"
Hamdan smiled and nodded, "Dumplings are often used in major Chinese media, and I have heard of them!"
"That's good, this is the financial statements of Baiweiju for the past two months, you can take a look!"
Curious, Hamdan took it and looked at it, and soon his eyes widened.
"3.57 billion Huaxia dollars in January and 3.92 billion Huaxia dollars in February. It can't be!"
"Nothing is impossible! Besides, I might as well give you one more piece of news. Just a few days ago, I reached an agreement with Mr. Ma Yun of Alibaba, whose Ant Financial invested $1.8 billion to acquire a 6% stake in Barilla! If it weren't for Barilla's huge revenue, how could he have accepted Barilla's $30 billion valuation?"
"Is this true?"
Hamdan wondered.
"Mr. Ma Yun is in the villa now, you can go to him for confirmation! and, even though he has a good relationship with me. I don't think he'll lie to me for the sake of friendship in this kind of business investment!"
Hamdan, of course, does not believe that the Equestrian Games will lie.
"But you only have more than 1,600 branches, how can you create such a high revenue? This is more than the total revenue of more than 7,000 stores in Yum China!"
"Baiweiju is a Chinese food, not fast food! Everyone who enters the restaurant spends about 100 yuan on average. A single person spends three to five times as much as fast food. Moreover, more than 1,600 stores of Baiweiju are directly operated. The vast majority of Parkson's more than 7,000 stores in China are franchisees. A cake of the same size, of course, one person eats more than two people eat it separately, not to mention that the cake of Barilla is originally bigger than Parkson. Therefore, between this plus and one minus, it is not surprising that Barilla surpasses Yum China in terms of revenue. ”
After a pause, Wang Zheng said proudly with strong confidence in the future: "At most two or three years, Baiweiju's revenue will not only surpass Parkson in China, but even surpass Parkson in the world and become the world's largest catering company!"
"Wang, Chinese food is suitable for China, but not for the world!"
Wang Zheng smiled slightly and asked rhetorically, "Hamdan, what do you think of the halal meal we have provided you these days?"
"It's great! It's the best halal food I've ever eaten in years!" As the words fell, Hamdan's pupils shrank, and he vaguely guessed Wang Zheng's next words.
"Since our halal meal, even people like you who are of noble birth and used to eating good food feel this way. I believe that if you change to any Islamic country, you will also win their affection!"
Hamdan was silent, and after half a sound, he suddenly spoke: "Wang, can I invest in Baiweiju?"
He was a decisive person, and after weighing and finding an opportunity to make a good profit, he made the decisive decision to get involved.
Hamdan's decision was unexpected by Wang Zheng, but he was not surprised. The person who can become a crown prince must also be a capable person.
"I'm sorry, Hamdan! Barilla's Series A financing has ended! If you want to invest, when we do Series B financing next year, I will definitely leave you a chance!"
"That's a shame!"
After shaking his head in disappointment, "Wang, you personally promised that I must have a share of Baiweiju's B round of financing!"
"Of course, I'll talk about it!But about borrowing...?"
After a slight pause, Hamdan said, "I'm going to leave you the day after tomorrow and go back to China, if you're okay, you might as well come with me to Dubai." When the time comes, I'll bring together the heads of several sovereign wealth funds and talk to them. I believe that with this financial statement, plus you are a heavy asset mortgage, they will pass. ”
After thinking about it for a while, Wang Zheng said, "I really want to go with you, and I have longed for the beaches and sea of Dubai for a long time. But you know, it's Chinese New Year. I also have to follow my parents to visit a few close relatives, and I may not be able to leave for a short time. ”
"That's a shame!"
"So, I want you to help me with this matter. ”
"Of course, there is no problem with our friendship to help!" After a pause, Hamdan walked forward for a distance, and suddenly said, "Wang, since you are so interested in the real estate industry. Why not go to Dubai to expand your business, which is the center of exchange between the East and the West, and is now a tourist destination all over the world. Especially in 15 years, Dubai's tourist population has exceeded 15 million, which is a big market. Moreover, Dubai has won the right to host the 2020 World Expo. I believe that after the World Expo, Dubai's economy and attractiveness will reach a new level, and the investment at this time will reap unlimited returns in the future!"
Looking at the blazing-eyed Hamdan, Wang Zheng groaned slightly, "As a friend, I don't shy away from it." At least this year and next, I have no plans to enter the Dubai real estate market. It's not that I'm not interested, it's a matter of funding! In order to invest in these 25 commercial real estate projects, I need a loan of nearly $10 billion, and if you add the previous loans, the debt of $25 billion is heavy enough!"
"Wang, although there are many loans. But you have a huge gold mine in your hand!" Hamdan raised his hand and gestured to the revenue information of Baiweiju that Wang Zheng had just given.
"There's a huge pool of money that's nearly $2 billion a year and continues to grow as the store expands. Add to that your income from other ventures, and $25 billion in debt isn't serious!"
Looking at Hamdan, who had a look of anticipation in his eyes, Wang Zheng groaned for a while, "Hamdan, when you say this, you can speak up! What project do you want me to participate in in Dubai?"
"World Island!"
Hamdan nodded slowly, and said in a deep voice.
"World Island?"
For this largest real estate project in Dubai, which was once criticized by countless people and called the 'eighth wonder of the world' by countless people, is now the largest 'unfinished building' in Dubai and even in the world, Wang Zheng can be said to be famous for a long time.
"Now the government is planning to restart the construction of the 'World Island', and it must be completed before the 2020 World Expo!
Wang Zheng nodded knowingly.
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