Gemdale Group sold five pieces of land and did not require the buyer to pay in a lump sum, which can be paid in installments, but he asked for payment within a year, and the reason why he was able to sell it at a high price may be due to the fact that the buyer can pay in installments.

The news of Gemdale Group's successful purchase of land has been widely reported by the Hong Kong media, and some real estate developers have almost indicated that they are optimistic about the Hong Kong property market when interviewed by reporters, and the media rendering has affected many people's desire to buy houses.

On Monday, November 8, United Land Limited, which was incorporated less than three months ago, was listed on the Hong Kong Stock Exchange.

United Land Limited owns two commercial buildings, Pine & Craower and New Hsien Lee Building, both of which were completed just before the establishment of United Land.

Originally owned by Li Yisong, the Songhe Building is a 20-storey building with a total floor area of 214,600 square feet.

Belonging to the Leung Hsien Lee family, the new Hsien Lee Building is a 15-storey building with a gross floor area of 103,600 square feet.

After two talks with members of the Leung Hsien-Lee family, Mr. Lee signed a cooperation agreement with Mr. Leung's family, in which Mr. Lee held 66 percent of the shares of United Land and the Leung family family held 34 percent.

Before the listing, the company's total share capital was 1 million shares, and at the time of listing, Li Yisong took out 330,000 shares for public sale, sold these shares, and he still held 330,000 shares of United Land.

At current market prices, United Land holds properties with a total area of 318,200 square feet and a market value of more than HK$30 million.

Long before the establishment of United Land, the leasing of Songhe Building and New Xianli Building was completed. For example, Li Hualong's Carrefour Group rented a shop in the Songhe Building and opened a 7-Eleven convenience store, while the Carrefour Group paid a symbolic rent that would increase by at least five times if it was rented to other tenants.

In order to avoid damage to the interests of both parties, United Land immediately re-signed leases with a number of tenants after its establishment, and increased the rent, so as to show the company's rental income more realistically.

After the establishment of United Land. Prior to going public, there were multiple rental incomes, which were not kept in the company's accounts and were distributed directly to shareholders.

In order to make investors more aware of the income of United Land, it was clearly stated at the time of the IPO that from November 1, the rental income of the two properties of Songhe Building and New Xianli Building will belong to the listed company.

Li Yisong sold the original shares of United Land, what price should be set. Li Hua Longhua put a lot of thought into it, after all, if the price is set low, it will make Li Yisong suffer, if it is set high. There are not enough investors to subscribe.

After some investigation and research, it was finally decided to sell at a price of HK$30 per share, selling 330,000 shares and cashing out HK$9.9 million.

Li Yisong invested in the development of Songhe Building. Borrowed money from the bank, including the interest on the loan, the development cost of this project is less than 7 million.

With the listing of United Land Company Shun lì. As long as the company's stock price does not fall below the issue price, then Li Yisong's investment in the Songhe Building project will more than double his profits.

On the day of United Land's listing, the company's share price opened higher and higher, opening at HK$32 per share, and finally closing at HK$33.8 per share, with the highest intraday share price reaching HK$25.2.

Seeing that United Land Company was listed smoothly and the stock price rose a lot, Li Huawen also moved the idea of listing his company.

One night in mid-November, Li Huawen came to Li Hualong's house for dinner, and after dinner, the two brothers went to the study, drinking wine, and talking about business matters.

"Aaron, do you think it's good to let Jiuan Group go public now?" Li Huawen asked.

"There are pros and cons." Li Hualong replied with a smile.

"What are the pros and cons, help me analyze them." Li Huawen said with a smile.

"I can't say a word or two." Li Hualong did not help Li Huawen analyze the pros and cons, and instead said, "There is no need to let the company go public as a whole, spin off some rent-collecting properties, and integrate them into a new company to be listed, which is more beneficial." ”

"That's it!" Li Huawen pondered for a moment, smiled, and asked, "How much property do you take out?" ”

"It's up to you to make your own decisions."

"I feel that Li's Stone Company is also quite suitable for listing."

"Big brother, you forgot, in order to reduce tax expenses, the stone company provides your Jiu'an Construction with crushed stone for construction, the price has always been very cheap, and the profit of the stone company is very low." Li Hualong reminded with a smile, "The accounts are not good-looking, how can investors buy the shares of the stone company?" ”

Li Hualong, Li Yisong, Li Huawu and Li Huahu all have a lot of properties under their names that have been used for rent collection for a long time, and in order to reduce tax expenditures, they have tried to reduce the construction costs of these properties.

In Hong Kong, there are a number of taxes that need to be paid on the profit of renting out a property, but the expenditure of these taxes is not linked to the cost of the property.

Not only Li Yisong's family, but also many real estate developers in Hong Kong will also use ways to reduce property construction costs to reduce tax expenses, in addition, there are many unspoken rules in the industry, using these methods to avoid taxes, which is considered to be a loophole in the law.

"Hey!" Li Huawen patted his head and said with a smile, "It's a bit of a big loss." ”

"It's not such an exaggeration, in a few years, let's not think about taking advantage of loopholes to avoid taxes, and come according to the rules, and wait for the Hong Kong property market to improve, and the stone company has excellent performance support, at that time, and then consider letting the Li Stone Company go public."

"Okay." Li Huawen nodded with a smile, "I'll go back and think about the matter of splitting off the property to form a new company to go public." By the way, I heard you say that you are preparing to spin off several hotels and go public, how are you preparing? ”

"We are talking, and it is expected that after the Chinese New Year, InterContinental Hotels will go public."

"Who are you talking to?"

"With the shareholders of several companies such as Whampoa Dock. We will discuss the exchange of shares. ”

"Whampoa Dockyard? How did you become interested in running a shipyard? Li Huawen was puzzled.

"Let me sell it, and I'll tell you the reason later." Li Hualong said with a smile.

"Pretend to be mysterious with me." Li Huawen smiled, "I remember, I'll ask you again in the future." ”

"In a few years, if you don't ask, you'll know why I did it."

"Aaron, you were born to be a material for business!" Li Huawen sighed.

"Big brother, are you complimenting me?" Li Hualong asked with a hippie smile.

"I'm telling you the truth." Li Huawen smiled, "Fortunately, I have you, otherwise." Abba and I, as well as Ah Hu, our family could not be so comfortable in the Hong Kong business community. I remember very well that when I first came to Hong Kong in 1949, there were several Chinese families in Hong Kong who had more assets than our Li family, but now, our Li family has become the richest family in Hong Kong. ”

"Big brother, we can't be complacent. There are many families in the world who are richer than our Li family, and if we lose our fighting spirit, it may not be long before our Li family will be like the old family in Hong Kong. Overtaken by rising stars. ”

Li Huawen stared at Li Hualong for a moment, took a sip of red wine, and asked with a smile: "Do you want the Li family to become the richest family in the world?" ”

"Can't you?"

"I didn't say if I could, I asked you if you had such thoughts?"

"Yes!" Li Hualong replied affirmatively. poured a big sip of red wine and said with a hearty smile, "Big brother." Do you believe that in another fifteen years, our Li family may be able to become the richest family in the world. ”

"Fifteen years......" Li Huawen was stunned, he was a little afraid to imagine, but after thinking about it carefully, thinking back on the past fifteen years, he nodded with a smile, "I believe it." ”

"Do you really believe it?" Li Hualong asked with a hippie smile, as if what he had just said was a joke.

"Of course." Li Huawen smiled and raised his glass, "I believe that you are the reincarnation of the God of Wealth, and you, the God of Wealth, will take more care of me as a big brother in the future." ”

"Boom!" Li Hualong raised his wine glass, touched it, took a sip, and said slowly, "Fight tiger brothers, go into battle father and son soldiers, if our brothers are not united, then we can only be bullied by others." Big brother, I believe that our days will definitely get better and better! ”

After a while, Li Huawen registered a real estate company - Huawen Real Estate Co., Ltd., after the establishment of this company, he successively transferred a number of properties under Jiuan Real Estate Company to the name of Huawen Real Estate, and he began to make various preparations for the listing of Huawen Real Estate.

At around two o'clock in the afternoon of December 23, Li Huawen received a call from home and learned that his second son, Li Shenghua, had returned from London.

After hanging up the phone, Li Huawen stood up, walked out of the office, and said to the secretary with a smile: "Secretary Yang, I have to go back beforehand." ”

Secretary Yang stood up and asked, "Boss, is there anything I need to do for you?" ”

"It's fine." Li Huawen did not continue to talk to the secretary, called the bodyguard, and went home by car.

Li Shenghua entered the Department of Architecture of the University of Cambridge in September 1962, and during his study in London, he did not actively participate in physical exercise like his eldest brother Li Huawen, he devoted more time to studying, and many of the architectural designs he designed at the school were adopted by architects in London, and he became the most dazzling student of the Department of Architecture.

In late November 1965, he completed his dissertation defense and obtained the graduation qualification ahead of the same class of students.

Li Shenghua returned to Hong Kong this time, so he didn't have to go to London again for his studies and graduation certificate, and in half a year, the school would send his graduation certificate to Hong Kong.

Li Huawen was happy for several days when he learned that Li Shenghua had been allowed to graduate ahead of schedule, and he praised his son many times in front of his friends, not only Li Shenghua, but also his eldest son Li Shengquan deserved his praise.

Soon after graduating from university, Li Shengquan entered Jiu'an Company, and he worked hard and had strong ability, which made Li Huawen particularly pleased.

Li Huawen returned home and met Li Shenghua.

"Abba." Li Shenghua stood up and said hello.

"I'm back, I look good!" Li Huawen smiled and hugged his second son.

"On the way back to Hong Kong by boat, I exercised every day, focusing on my chest muscles." Li Shenghua smiled and said, "Do you feel like I'm more burly?" ”

"Men should be stronger." Li Huawen was pleased. (To be continued......)