"Chen Sheng, Li Jiacheng of Cheung Kong Industrial has just called and asked you to meet at the presidential suite of the Mandarin Oriental Hotel at noon tomorrow, Mr. Li Jiacheng said that there will be Mr. Hu Yingxiang of Hehe Industry who will also come." Chen Zhiwen, who came to the Hutchison Building late in the morning, got Angel's message as soon as he entered the office.

This is also where there is no big brother inconvenience, there is no way to talk directly, unless you are in the office all the time.

"Li Jiacheng, Hu Yingxiang." Chen Zhiwen thought for a while and said, "Okay, you will return to them later, and I will go to the appointment on time." ”

robbed Lao Li's Hutchison Whampoa, Chen Zhiwen still felt very cool, but unfortunately the other party didn't know what was going on in the future, and the coolness seemed to be insufficient.

"Okay." Angel received a reply and left.

"Wait, ask the Hong Kong Telecom Company, when will Hong Kong popularize a product from the United States, called cellphone." Chen Zhiwen said again.

“cellphone？” Angel didn't quite understand.

"It's a wireless phone, we can run around with a phone, and we can get calls from others at any time." Chen Zhiwen explained: "It's probably a little bigger than a hand. ”

"Okay, I'll ask." Angel nodded in agreement.

"When these problems are solved, we will have to spend some money on signal technology." Chen Zhiwen thought for a while and said.

Speaking of signals, it is natural to think of Huawei, that is, this company will take more than ten years to be established, a little too late, of course, in a place like Hong Kong, the study of signal technology is also a pipe dream, but after the mainland next door is reopened, there are many talents in this area, and there is a high probability that there is a lack of funds for research, and it is matched with themselves.

It is that the signal research is too powerful, and it will be more troublesome in another forty or fifty years, but that is a long time later, no matter what, these decades are still very useful, besides, signal research belongs to the high-tech industry, and its prophetic gold finger has no big use, and it is possible to develop the domestic market with financial advantages in the early stage, but in the future, the global hegemony will most likely not be able to fight the old American Qualcomm and the domestic Huawei.

I know that Chen Zhiwen still has this, but this market is very large, and it is still very good to be a medium scale, and in the 90s, it is inevitable to make feature phones. Don't think about the hegemony of signal technology, but there is a bit of technical patent foundation, at least you don't have to be stuck too much by others.

……

The next day, Chen Zhiwen came to the Mandarin Oriental Hotel as promised.

"Chen Sheng, this is Mr. Hu Yingxiang, the chairman of Hehe Industry, Hu Sheng, this is Chen Zhiwen Chen Sheng, the current chairman of Hutchison." After the three met, Li Jiacheng introduced with a smile.

"Hu Sheng, I've admired my name for a long time." Chen Zhiwen smiled and stretched out his hand to shake hands.

"Where, Chen Sheng's acquisition of Hutchison has increased my Chinese prestige, and I am the one who has admired Chen Sheng's name for a long time," Hu Yingxiang said with a smile.

"I heard that Hu Sheng is planning to build Hong Kong's tallest building in Central? Hu Sheng's ambition is also to suppress Land! Chen Zhiwen said with a smile.

In the later generations of Hong Kong's several super chaebols, there is no Hu Yingxiang Hu family, but in this era, Hu Yingxiang's Harmony Industrial scale, is more than Cheung Kong Industrial, 70s, Harmony Industrial's biggest achievement is to build a Central Super Building-—— Harmony Center.

The building, which is taller than Hongkong Land's Connaught Building, became a Hong Kong landmark when it was completed in the early 80s, but by then Cheung Kong had already acquired Hutchison Whampoa and was larger than Wo Hop Industries.

In the following years, Hu Yingxiang invested his family's funds in the mainland, built the first highway in China: the Guangzhou-Shenzhen Expressway, and built several large-scale power stations in Guangdong, making up for the domestic demand for electricity and transportation at that time.

But because of this, the Hu family, which invests in mainland infrastructure, has declined a lot compared to Li Jiacheng, Lee Shau-kee, and Zheng Yutong, who have been rolling in the real estate market.

Of course, people's pursuits may not be the same, in the 80s, the Hu family's tens of billions of Hong Kong dollars of infrastructure investment, has made a very great contribution to the economic development of Guangdong, the number of jobs solved, the wealth driven, and the convenience given to the people can not be described by numbers.

"How can it hold down the land, the Hehe Building has only increased some height on the antenna, and the actual height is not comparable, besides, the geographical location is much worse than the Connaught Building." Hu Yingxiang said with a smile.

"It's okay, there are still a lot of old buildings in Central, there are also a lot of old government buildings, and the Hong Kong government's finances mainly come from real estate auctions, and these places will be released to the market sooner or later, and we will still have a chance at that time." Chen Zhiwen said.

"This kind of thing is Hongkong Land's favorite, and it's not easy to get it." Li Jiacheng said: "It's Chen Sheng, maybe he has the opportunity to compete with Hongkong Land." ”

"Hutchison is said to be one of the four major foreign companies, but in fact, there is still a big gap with Hongkong Land." Chen Zhiwen shook his head and said: "After Hongkong Land purchased milk, the number of land plots is larger, and most of them are in the core location of Hong Kong Island, and Hutchison is much worse. ”

"So Chen Sheng wants to sell these plots of land that are not in a good position, and then change the core position in the future?" Li Jiacheng asked.

"Li Sheng has a good eye, that's pretty much what it means." Chen Zhiwen did not deny that this practice is also very common in the real estate industry. Ordinary people who have money want to go to the city to buy a house.

"Today, Hu Sheng and I asked Chen Sheng to come here to discuss the possibility of cooperation between us." Li Jiacheng continued.

"How to cooperate?" Chen Zhiwen asked.

"I know that Chen Sheng is going to sell a lot of non-core land in Hutchison, as well as some real estate projects that are already underway, and Hu Sheng and I also know the current situation of Hutchison, so our idea is that I will set up a joint venture with Hu Sheng and Chen Sheng, and the joint venture company will directly buy land, property or half of the project from Hutchison in cash, so that Hutchison can immediately get the funds it needs." Li Jiacheng said unhurriedly:

"The joint venture company is operated by me and Hu Sheng, and the net profit after the operation will be distributed in proportion to the future dividends, Chen Sheng, I know that you are optimistic about the future of the real estate industry, so in this way, if the land price rises, Chen Sheng can also get the profit from the joint venture company The land price rises, what does Chen Sheng think of this cooperation plan?"

"Sounds good, but where does the money come from for the joint venture? You can't let us inject money first, right? If I inject money first, why should I sell it to you? It has long been developed on its own. Chen Zhiwen frowned and asked.

"There is no need for capital injection, I will contact the bank syndicate to obtain funds, use the property sold by Hutchison as collateral, and when the project is completed in the future, we will return the principal and interest of the bank loan." Li Jiacheng said.

"Will the syndicate of banks give 100% of the collateral funds?" Chen Zhiwen asked. Assuming that the selling price of a project is HK$20 million, according to market rules, the bank is willing to pay HK$14 million, which is already very good. This is already the default routine of the banking industry, Chen Zhiwen wanted HSBC to increase the lending ratio to 80%, but was rejected by HSBC, and later found a few informal small banks, which was barely realized.

In this way, the risk for banks is already very large, once the land price falls, the bank may lose all its capital, and it is likely that tens of millions of projects can drag down a small bank, which has happened many times in Hong Kong before.

"So this requires the official seals of our three companies, that is, our three companies also have to bear joint and several liability, and if the final project loses money, we need to take the money and return it to the bank." Li Jiacheng said.

"Li Sheng's move, is he full of confidence that the real estate industry will rise on a large scale in the future?" Chen Zhiwen nodded and said, everything is borrowed from other people's funds, as long as the price of real estate rises, then there is no problem, the profit after the end of the project will definitely be able to easily cover the principal and interest of the bank loan, but if the price of real estate falls, it can pull all the people involved into the abyss.

"Isn't Chen Sheng the same? In the past two years, Galaxy Real Estate's investment in industrial real estate has made me feel terrified. Li Jiacheng said with a smile: "But now the industrial real estate has risen by 20%, and Chen Sheng has won." ”

"yes, I'm confident, too." Chen Zhiwen smiled, who can compare with him in the future real estate situation.

Li Jiacheng asked: "We can conduct a comprehensive review of the accounts of the joint venture company after the completion of each project, what does Chen Sheng think?" ”

"Good idea, I'll think about it carefully." Chen Zhiwen nodded and said.

(End of chapter)