On September 10, Huatai Real Estate Co., Ltd. was incorporated in Hong Kong, with Swire Group holding 50% of the shares, Hualong Holdings Limited holding 30% of the shares, and Li Hualong personally holding 20% of the shares.

Hualong Holdings Co., Ltd. is a newly incorporated investment company, wholly owned by Li Hualong, after the establishment of this company, Li Hualong injected 100 million shares of Hang Seng Bank into the company.

A few days later, United Land issued 600 million new shares for the acquisition of Gu Real Estate Co., Ltd.

After the completion of the merger, the total share capital of United Land Company was expanded to 700 million shares, with Swire Group holding 30,000 shares, Hualong Holdings holding 180 million shares, Li Hualong personally holding 120 million shares, Li Yisong holding 33 million shares, Li Hualong and Li Huahu each holding 6 million shares, and other shareholders holding 45 million shares.

On September 19, United Land Co., Ltd. issued 200 million shares at a price of HK$1.25 per share, raising HK$250 million, and four banks, Hang Seng, BEA, HSBC and Standard Chartered, each contributed HK$62.5 million to subscribe for shares.

Li Hualong promised that in the last five trading days of December 1972, he would fully acquire the shares of United Land at a price of HK$1.2 per share, and that he would issue a general offer for takeovers at a price of HK$1.4 per share in 1973, HK$1.6 per share in 1974, HK$1.6 per share in 1975, HK$2 per share in 1976 and HK$3 per share in 1977. The purchase price in 1978 was HK$3.45 per share, in 1978 it was HK$4 per share, in 1980 it was HK$4.6 per share, and in 1981 it was HK$5.29 per share.

Li Hualong's price for the future full acquisition of United Land's shares was published in Ming Pao.

Many people see this announcement and think it's incredible. Many shareholders have heated discussions on this matter.

Some smart people think that if they can buy shares of United Land at a lower price, hold shares for a long time, the income is far higher than the interest on deposits, and even take out loans to buy stocks, they can also get income.

Many shareholders hope that after the resumption of trading, the stock price of United Land will not rise too much, so that he can buy stocks at a low price, and they are all secrets for too many people and themselves to snap up stocks.

Investors who want to buy shares of United Land are not considered by many people. Someone sells the stock before they can buy the stock.

During the period when United Land Company was suspended, the original shareholders were very concerned about the news released by the company, Li Hualong made various promises, and they all knew that if they wanted to sell their shares to cash out, the stock price would definitely not work if the stock price was low.

(Note 1)

The day after United Land issued new shares to four banks, Li Hualong had breakfast at home and was about to go to work. He received a call from Li Huawen.

"Big brother, what's the matter, I'm ready to go out." Li Hualong smiled.

"Why did you go to work so early today?" Li Huawen asked.

"Recently, Hualong Real Estate Company has a lot of things to do, and it was done early. You can leave work early. ”

"It's never done." Li Huawen smiled, "Today, the shares of United Land Company are about to resume trading, don't you pay attention to it?" ”

"Attention. But not too much attention. Before you leave work, just make a phone call and ask about the closing price. ”

"If the United Land share price skyrockets, I may sell the shares and cash out."

"Whatever you want." Li Hualong smiled. "You didn't call me just to talk about it, did you?"

"It's not. In a few days, the BEA Headquarters will be completed, and you will need to take time to attend the ribbon-cutting ceremony. ”

After Lee became a shareholder of Bank of Asia, BEA acquired three old buildings in Central, demolished and rebuilt into the current headquarters building.

"In what name?" Li Hualong asked with a smile.

"Guest!" Li Huawen smiled, "You won't lose face, right?" ”

"You are my eldest brother, I will definitely give you face." Li Hualong smiled slightly, "After the Bank of East Asia headquarters is put into use, what are you going to do with the old headquarters building?" ”

"There will be a branch, and the vacated office building will be rented out." Li Huawen replied with a smile, "Why are you asking this, you won't be interested in this building, right?" ”

"Kind of interested."

"Are you going to tear this building down and rebuild it along with Lane Crawford House, or will you count it as the new Shine Building?"

"You're not mistaken, I'm going to buy the BEA Building...... Actually, there was no need to buy it at all, United Land Company took out the new Hsien Lee Building, the Bank of East Asia took out the old headquarters building, I took out the Lane Crawford Building, and Hongkong Land took out the Glosser Tower. ”

"How long has it been since the new Xianli Building was built, will it be too wasteful to demolish it now?"

"It's a bit of a waste to demolish and rebuild now, but it can be divided into two phases, with Rostar Tower and Lane Crawford Building demolished and rebuilt first."

"That's a good idea, you need to talk to Hongkong Land about cooperation." Li Huawen said with a smile.

"I'll talk about it later, I've been busy with too many things lately." Li Hualong sighed lightly.

"Money can't be earned, don't be too tired, your body is tired, it's too worthless."

"I'm a little busy, but I don't feel too tired." Li Hualong smiled slightly, "Big brother, if it's okay, I'll hang up." ”

"Don't hang up the phone in a hurry, let's have a meal together at noon."

"You've been empty lately?"

"No matter how busy you are, you still have time for a meal."

"I don't know when I'm going to have lunch at noon today, so I'll forget about lunch." Li Hualong paused, "If you have something to do, come to my house for dinner in the evening." ”

"Okay, see you in the evening."

There are many coincidences in this world, at noon that day, Li Hualong and the senior management of Hualong Real Estate Company came to the Mandarin Oriental Hotel for lunch, and met the chairman of the board of directors of Jardine Matheson and Land, Niu Bijian, who took the initiative to talk to him about the demolition and reconstruction of the old house.

Although it is not possible to talk about falling asleep, someone will send pillows, but Li Hualong feels that he has taken advantage of it, so he is naturally willing to cooperate with the other party.

"Mr. Lee. Hello! Niu Bijian took the initiative to greet Li Hualong.

A few years younger than Lee, he is an Englishman, born in Tianjin, moved to Canada, graduated from a university in the United Kingdom, and has been with Jardine Matheson for more than 20 years, most recently as Chairman of the Board of Jardine Matheson, Chairman of the Board of Directors of Hongkong Land and a Director of Wharf Corporation.

Li Hualong and Niu Bijian are no strangers, the two have dealt with each other many times before, and took the initiative to reach out and shake hands with each other. He smiled and said, "Hello, Mr. Niu Bijian." ”

"Mr. Li, this afternoon, can I go to your company to talk about cooperation." Niu Bijian smiled.

Li Hualong was stunned when he heard this, and said with a smile: "If you don't mind, I'll invite you to lunch, and we can talk while eating." ”

"Okay, then I'll thank Mr. Li for inviting us to dinner."

"You're welcome."

Everyone came to the private room and sat down. Everyone ordered a set menu.

After chatting a few words, Niu Bijian smiled and said, "Mr. Li, I said directly, Hongkong Land wants to exchange Jardine Matheson Building with you for Lane Crawford Building. ”

"You're planning to tear down the Gloucester Building and rebuild it along with Lane Crawford Building?"

"Yes." Niu Bijian smiled. "Hongkong Land will also acquire the BEA headquarters building if BEA is willing to do so, and I know that the new BEA headquarters building will be put into use."

"I don't suffer from the exchange of Lane Crawford Building and Jardine House." Li Hualong smiled slightly. After a change of tone, he added, "But." I am worried that if these buildings are demolished and rebuilt, the new buildings will affect the Mandarin Oriental. ”

"You mean, the design of the new building needs to be exactly what you want."

"Yes, my requirements are not high, the high-rise part above the base of the new building is located in the northeast corner."

"Northeast corner?" Niu Bijian didn't understand what Li Hualong meant.

"The upper floors, next to Des Voeux Road Central, and Pedder Street." "This is Des Voeux Road Central, this is Pedder Street, this is Glouce Brown, this is Glouce Setar Building, this is Lane Crawford Building, this is East Asia Building, here is Times Square and the Mandarin Oriental Hotel, the base is five storeys, and the high-rise part is built on this location......"

"Oh!" Niu Bijian nodded with a smile, "I understand what you mean, Hongkong Land can accept this additional condition." Mr. Li, then we can sign a contract? ”

"I don't have a problem here, and when you negotiate with the Bank of East Asia, it's not too late to sign a contract together."

"Okay, then I'll do my best to contact the Bank of East Asia."

After lunch, Li Hualong said goodbye to Niu Bijian and returned to work in Hualong Building with his subordinates.

When taking the elevator upstairs, Li Hualong's assistant Wu Lijie said: "Boss, if you exchange Lane Crawford Building for Jardine House, Hongkong Land will take advantage of it, and the two buildings will be demolished to form a piece of land, and the development value will increase a lot." ”

"I didn't lose money, and it was good to let Hongkong Land get a little cheap, which was good for others and myself." Li Hualong smiled faintly, he didn't think so in his heart, he felt that he had taken a bigger advantage.

In '67, during the Hong Kong riots, after Lee Wah Lung bought Lane Crawford Company, he thought of exchanging properties with Lane Crawford Building and Hongkong Land Company in the future, and he took a fancy to Jardine House, which was located on Pedder Street from Gloucester Building, so he acquired a building next door to Jardine House.

In order to have more secret cards, Li Hualong deliberately registered several real estate companies in the name of his family, and acquired old buildings in the name of these companies, trying to avoid letting outsiders know that he was the actual controller of these real estate companies.

Back in the office, Li Hualong made a phone call to Li Huawen.

"Big brother, I would like to tell you that Hongkong Land intends to acquire the headquarters building of the Bank of East Asia."

"What?" Li Huawen was surprised, "Listen to what you mean, you agreed to sell Lane Crawford Building to Hongkong Land?" ”

"No, Hongkong Land took Jardine Matheson Building and exchanged it with me."

"Oh, that's right." Li Huawen thought for a while and said with a smile, "As long as the other party can afford the price, the old headquarters building can be sold." ”

"Don't rush to agree, although you are the chairman of the Bank of East Asia, you are not the absolute controlling shareholder, and you need to discuss it with other directors."

"I'm not that domineering, and I'll do it if you don't warn me. By the way, Aaron, I have a party tonight. I won't go to your house for dinner. ”

"Got it." Li Hualong smiled and said, "It's okay, then I'll hang up." ”

"Bye-bye!"

Before getting off work that day, Li Hualong made a phone call to the customer service of the Hong Kong Stock Exchange and learned that the stock of United Land Company opened at HK$1.45 per share today and closed at HK$1.58 per share.

Hanging up the phone, Li Hualong muttered: "HK$1.58 per share, it's not cheap, calculated at this price." Ten years later, the stock price rose to HK$5.29, and the return on investment was less than 250%, which is nothing to me, but for the average investor, the return is quite lucrative, and it is better to be stable...... If the share price exceeds HK$1.6, I can start selling my outstanding shares and cashing out. ”

Hualong Holding Co., Ltd. holds shares of United Land Company, which are restricted shares. It was sold for a long time, and the ban was lifted on the first trading day in January 1982, and some of the shares held by Li Hualong were tradable shares. Some of them are restricted shares, and the longest restricted period is until the first trading day of September 1984.

Today, Li Hualong and his family are the absolute controlling shareholders of United Land, but. He is not prepared to develop the company "wholeheartedly", not because he has made a commitment to buy the company's shares once a year, but because he is prepared to transfer some benefits abroad.

Li Hualong remembers it clearly. After the outbreak of the first global crisis, the global economy fell into a downturn, and so did the Hong Kong economy, Hong Kong property prices will plummet.

When the property market is in a downturn, even if United Land has sufficient development funds, the private residential buildings developed on the Swire Dock site will be sold at market prices, and employees of Li Hualong's companies will subscribe first.

For Li Hualong, when the property market is in a downturn, it is not only a good time for him to buy property and land on a large scale, but also a good opportunity to help his employees buy a house, even if there is not much savings of the bottom employees, he feels that he can also take out a loan to buy a house, he is willing to provide a loan guarantee, so that his employees can buy a house with zero down payment, he believes that as long as the property market is profitable, housing prices continue to rise, his employees will definitely find a way to repay the bank loan, even if they work more overtime, they are willing to work more jobs.

Li Hualong feels that when the property market is in a downturn, there are many benefits to helping the employees of his own companies to buy houses, and the decline in housing prices will definitely promote the willingness of some rich people to buy houses, especially he has a strong idea of acquiring old buildings, and there are not many people who are willing to sell houses, the selling plate is small, the buying plate is large, even if the economy is not economical, the decline in housing prices will not be too large, if the United Land Company sells a large number of houses, it can establish a housing price benchmark and give the market a guide, which is conducive to his acquisition of old buildings.

When the property market was in a downturn, United Land sold the house at the market price, Li Hualong must have suffered some losses, but he felt that on the whole, this loss was nothing at all, and the benefits he got were greater, and the benefits outweighed the disadvantages, and he was very willing to do it, he was not a person who was afraid of doing too many mistakes.

"Bang bang!"

The knock on the door made Li Hualong return to his senses, and he looked at the door and shouted, "Come in!" ”

Wu Lijie pushed open the door, walked to the desk, and said with a smile: "Boss, there is a document here that needs your signature." ”

"You're not in a hurry, are you?"

"It's not in a hurry."

"Then I'll take it home and see it." Li Hualong took the text and put it in his briefcase, "I'll go back, if you're in a hurry, don't work overtime today." ”

"Okay!" Wu Lijie nodded in response.

Li Hualong knew that Wu Lijie was highly motivated to work, often worked overtime, and had a strong work ability, he was 100 percent satisfied with this assistant, and almost every year, he would take the initiative to give the other party a salary increase, and the salary increase was not lower than that of several deputy general managers of Hualong Real Estate Company.

It may be Li Hualong's respect and appreciation that will prompt Wu Lijie to take the initiative to work hard. (To be continued......)

PS:——Note 1: As an aside, the stock price has skyrocketed and plummeted recently, although I haven't bought stocks, I sometimes pay attention to it. I read the comments of many netizens, and some netizens said that blocking the sell order can make the stock price rise, so I wondered, how to buy the stock if the sell order is blocked? Without buying and selling, the stock price will naturally not rise, which is equivalent to a suspension of trading. How do up-limit stocks come about? The selling order is not large, the buying order is strong, and the stock price is rising. If it is a large-cap stock, the selling is super strong, and even if you invest a large amount of money, it is difficult to make the stock price skyrocket. Theoretically, there are too many ways to make the stock price rise, and the major shareholders cannot sell the shares; Listed companies repurchase shares to reduce total share capital; ...... major shareholders repurchase shares –

Note 2: In the previous article, there was a United Real Estate Company, this is a clerical error, it should be United Land Company, something went wrong, say sorry!