Chapter 240: The idea of dividing the family property
Although Li Hualong had a crooked mind about Zhao Yazhi, he didn't act immediately, he had a lot of things to do.
On May 6, Li Hualong participated in the land auction held by the Hong Kong government, and his wholly-owned company, Kowloon Land Co., Ltd., spent 120 million Hong Kong dollars to buy a piece of land in Tsim Sha Tsui East.
In the years that followed, Lee continued to inject funds into Kowloon Land, and at the same time, the company also borrowed money from banks to buy land in Tsim Sha Tsui East, and built a number of buildings in Tsim Sha Tsui East.
Prior to Lee's vigorous development of Tsim Sha Tsui East, the development of Tsim Sha Tsui was confined to a one-mile radius of Cameron Road, which was already crowded with shops and was clearly unable to meet the new needs of the development.
In order to enable the economic development of Tsim Sha Tsui to continue to expand, the Hong Kong Government carried out large-scale reclamation works in Tsim Sha Tsui East in the late 60s and early 70s, acquiring about 17.4 hectares of land. All of these lands were sold at auction, with Lee Wah Lung's Kowloon Land Company buying the most, buying about 40% of the land.
In addition, several companies such as InterContinental Hotels Group, Evergrande Group, Jiuan Group and Shun Tak Group have also bid for a number of land parcels in Tsim Sha Tsui East.
Although Hong Kong real estate has fallen into a low ebb due to the impact of the Middle East oil crisis and the world economic recession, land prices have fallen, but many companies with land in hand are reluctant to sell their properties when the market is down, and some real estate companies with funds in hand also hope to obtain land for development at a lower price.
There is a big difference between this real estate slump and the real estate caused by the riots of six or seven years. At that time, many people left Hong Kong as if they were fleeing for their lives, and at this time, most businesses in Hong Kong believed that as long as they persevered through this difficult period, everything would be fine.
In order to buy a large piece of land in Tsim Sha Tsui East. Kowloon Land's bid was not low, which made people in the industry look sideways, and some people even ridiculed it as crazy.
Years later, it turned out that the development potential of Tsim Sha Tsui East was great, and Li Hualong's company bought the land in Tsim Sha Tsui East. It's not expensive at all.
Kowloon Land has invested in a series of beautiful commercial buildings in the East Tsim Sha Tsui District, and has developed into a major real estate developer in Hong Kong, and many people admire Lee's outstanding vision and courage.
In particular, after 2003, Kowloon Land, which has the title of "King of East Tsim Sha", has successively demolished and rebuilt buildings that are less than 30 years old, plus purchased and demolished the old buildings in the surrounding area. By 2013, Kowloon Land was able to make a profit of more than HK$8 billion a year with the rental income of the East Tsim Sha Tsui property alone.
In the summer of 1974, Li Hualong felt that he was going by very quickly, he had a lot of things to do, and he lived a very fulfilling life.
September 26th. Chen Sisi gave birth to a daughter for Li Hualong, and Li Hualong named this daughter Li Linyao.
That afternoon, Li Huawen and Zhou Liyun's wives came to the hospital to visit Chen Sisi and Li Linyao.
The brothers Li Huawen and Li Hualong went to the top balcony of the hospital building. Li Hualong took out a pack of cigarettes and asked, "Do you want one?" ”
Li Hualong has no addiction to smoking, almost no smokers, he was stunned for a moment and waved his hand.
"It's good not to smoke, your sister-in-law has advised me to quit smoking." Li Huawen took a cigarette in his mouth. Lit the fire and took a beautiful sip. Spit out a smoke ring," Chen Sisi. Yang Meng and Xi Chongyi both gave birth to five children, three boys and two girls, hehe, you are really not partial, Liu Minchen gave birth to a son and a daughter, she is still young, it is not difficult to have three more children in the future! ”
Li Hualong smiled and asked, "Isn't it good not to be partial?" ”
Li Huawen nodded with a smile and said, "Okay!" ”
Li Hualong joked: "Do you envy me for having so many children?" ”
"Nope! I don't envy at all. Li Huawen said in an affirmative tone, "I have three children, and I am already very content." ”
"Big brother, your three children are very good." Li Hualong said.
"Ah Long, no matter how the three children will be in the future, there will be a lot of help from you, the third uncle." Zhou Liyun smiled, although she didn't know how much money Li Hualong had, she knew that Li Hualong was far richer than her husband Li Huawen.
"Sheng Quan, Sheng Hua, Lin Yu, they are my own nephews and nieces, and they are similar to my own children. In the future, I can help, and I will definitely help. ”
"Linyu has already told me that she wants to marry her boyfriend next year." Li Huawen said with a smile.
"You didn't change your boyfriend, did you?" Li Hualong asked with a smile, he clearly remembered that Li Linyu talked about a boyfriend during his study in London, what was his name, he forgot, but he remembered that it was for the descendants of the famous Li Peicai family in Hong Kong, a professional barrister in Hong Kong, and the two had been running for several years.
"I didn't change, she's like me, single-minded!" Li Huawen said with a smile.
"That's good." Li Hualong smiled faintly, "What about Sheng Hua, have you had a new girlfriend recently?" ”
"Don't ask me, I won't ask about his emotional affairs." Li Huawen shook his head with a wry smile.
"When he sees that his child is born, his personality may change."
"I hope so."
"To be honest, even if Sheng Hua is not your son, with his talent, he will make a difference in Hong Kong." Li Hualong said something from his heart, he really thinks that Li Shenghua, the nephew, is very good.
Li Huawen smiled noncommittally and asked with a smile: "Ah Long, you have so many children, have you ever thought about how to divide the family property in the future?" ”
"Don't worry about me, if I make more money, it will be easy to divide it." Li Hualong said lightly.
"Sheng Rui and Sheng You are fifteen years apart, right?" Li Huawen asked.
"That's right."
"If Sheng Rui finishes four years of college, he will not continue to study, and in a few years, he will come out to work. Sheng Rui has been working for more than ten years, and Sheng You only graduated from university...... It's not easy to tell. ”
"Big brother, let me tell you a good way to divide the family property." Li Hualong said with a smile.
"Tell me about it." Li Huawen said curiously.
"Older children finish their studies and start working, first look at their abilities, after a few years, I lend them a sum of money, not for nothing, but for borrowing, not only to repay the principal, but also to repay the interest......" Li Hualong said and paused.
"What should I do if I lose money and can't afford to pay it back?" Li Huawen asked.
"There is no going to be a situation where you can't pay back. Before borrowing money, I ask for a portion of the money to be invested as I ask it to be. Also, the way to repay the money is very easy, such as borrowing 600 million, you don't have to repay the money in the first five years, and you will start to repay it after five years, and in 20 years, you will repay a total of 1.2 billion, which is equivalent to repaying 50 million every month. ”
"It's not that hard." Li Huawen glanced at Li Hualong a few times and said with a smile, "Your idea is quite good." In the future, how much money they can earn depends on their own ability. What do you use the money you pay back? ”
"For charity."
"That's too much, isn't it?"
"What a lot. There is nothing wrong with a person living a lifetime and doing more good deeds. ”
"Every child borrows the same amount of money?"
"No, I'm definitely going to get richer and richer in the future. Of course, older children, if they have business talent, must have some advantages. ”
Li Huawen asked with a smile: "Do you think that when your children grow up, they get involved in the business world, they run their own businesses, and their assets grow fast, or do your assets grow fast?" ”
"Their assets are growing a little bit faster." Li Hualong replied with a smile.
"You shouldn't be so unconfident!" Li Hualong said with a smile.
"Not anymore." Li Hualong said with a smile, "Even if I give them some money, most of the funds are still in my hands." I hope that their companies can grow rapidly, and in the field of investment, I will introduce some good projects to them, and my companies will be stable in the future, so that the risk can be reduced. ”
Li Huawen took a puff of cigarette, threw the cigarette butt to the ground, stepped on it, crushed it, and said with a smile: "Don't talk about it, I'm going back, you can accompany Sisi well." (To be continued)