The time soon came to May, Hong Kong's housing prices began to grow further, and there were more and more guests looking at the house in various real estates, I don't know if it was really a potential buyer, or a day with the next 200 people sitting in the sales center.

But the trend is already clear, and rising house prices have become inevitable.

In recent years, a large number of people have poured into Hong Kong, which has not only lowered the average salary of Hong Kong workers, but also raised housing prices and rents, making the real Hong Kong ordinary people have a worse life.

But this is in favor of the capitalists, fortunately, the factories under the United States are very profitable, and there are no layoffs, and all the workers who are now in are basically living a very chic life, and even have very low-interest loans to buy houses.

The same is true for the stock market, where Hong Kong's Hang Seng Index has nearly tripled from a low of 150 to 430.

Estimating that the time was about the same, Chen Zhiwen ordered Hutchison Whampoa to sell off many of the shares in his hand, cashing out almost 150 million Hong Kong dollars, and with this additional funds, Hutchison's real estate business can develop calmly.

Central, Hutchison House Headquarters:

"With this amount of money, the funds for the one-time development of 20 buildings plus a commercial center in Huangpu Garden are completely fine, and Chen Sheng's overseas funds have not even been used." Zhou Jiayang said with a smile.

After the first phase of development is completed, there are funds to develop the next phase, such as Taikoo Shing Group, the project is smaller than Whampoa Garden, but each phase will build five or six buildings, which is too much worse than the development of 20 buildings in the first phase of Hutchison.

Although the real estate industry mainly relies on spending other people's money, such as borrowing from the bank, letting the builder advance money, etc., but after all, it is impossible to pay 100% in advance, the builder is not a fool, to a certain extent, it must ask for money, the bank also has a certain control over risk control, and if you want to develop real estate, you still have to prepare a lot of money.

It is said that when the pre-sale system first came out in Hong Kong, borrowing the money paid by the people in advance plus bank loans and architects' advances, the real estate development company not only did not need to advance money but also obtained more funds through multiple channels, so the real estate company at that time naturally expanded greatly with this fund, but in the end it got rid of it, resulting in heavy losses on the bank side, and finally the Hong Kong government restricted the pre-sale system, and only eight months before the house was capped, the pre-sale could be started.

Otherwise, Hutchison would not need so much money to develop Whampoa Garden.

"When the local market rises, the stock market naturally rises, these two are basically the barometer of the Hong Kong economy, and then we have to sell all the stocks of our non-core business." Chen Zhiwen said lightly.

Large companies in Hong Kong, in addition to finding ways to invest in multiple businesses, will also invest in various directions, especially when large enterprises have a lot of capital. In the past, Hutchison was such a type, and at its peak, Qi Dezun's Hutchison controlled 8 Hong Kong companies with the top 100 market capitalization, and became the major shareholder of 27 listed companies in total.

For the future of these companies, Chen Zhiwen does not know, and is not interested in various analysis, everyone is playing with real estate, rather than putting money in the hands of others, it is better to take it back to develop their own land, or to buy other high-quality land to invest, under the effect of leverage, such a return is the highest.

You must know that in the following years when the real estate market skyrocketed, it was Li Jiacheng's Cheung Kong Industrial, and the stock price did not rise more than ten times, and an ordinary person, as long as he dared to buy a house with leverage, and then put it there, when the real estate price was at its peak, he would earn more than ten times, because leverage can double the profit.

In Hong Kong as a whole, there are basically very few people whose earnings growth can surpass Cheung Kong, that is to say, as long as they escape before the peak of real estate, the revenue growth efficiency with their eyes closed will exceed that of Cheung Kong's stocks.

In the case of growth, Chen Zhiwen naturally wants to clean up the shares of the non-core business held by Hutchison, but because he is a major shareholder in many companies, it will take some time to withdraw all of them.

Zhou Jiayang thought for a while and said: "It's just that in this case, Hutchison's influence in Hong Kong is really getting smaller and smaller." ”

In the past six months or so, Hutchison has sold various marginal businesses on a large scale, and there are thousands fewer employees, and now it has begun to clean up all the shares of many companies in its hands.

"Don't worry about these little things, what I want to do is to try to gather as much money as possible before the end of 78, and besides, why do we need these small companies to show our strength." Chen Zhiwen said with a smile.

"Okay, I understand." Zhou Jiayang nodded and said, Chen Zhiwen has said many times that he will gather all the cash before the end of 78, and even the development of Huangpu Garden needs to invest a lot of money to ensure that it is completed before the time node, he naturally knows that it will definitely be of great use at that time, but he doesn't know what it is? Is it to do something against the British?

However, the boss didn't tell him, and he didn't speculate much, and then asked: "Chen Sheng, can the shares of Wharf continue to be acquired?" Now that land prices are starting to recover, and the Hang Seng Index is also rising, we are now able to get rid of the financial constraints after the acquisition of Hutchison, and I am afraid that if it is delayed, it will increase our costs in the future. ”

"In the past six months or so, Jardine has added a lot of shares in Wharf, right?" Chen Zhiwen asked suddenly.

In fact, this is a very normal operation, when Hutchison Group was suddenly acquired by Chen Zhiwen, it will naturally surprise other British capital, after all, British capital is just not good at real estate development, but it is not a fool, the land drinks milk, and the acquisition was completed without spending a penny, this business merger and acquisition case is a classic even after 50 years.

"Yes, Jardine Matheson has increased its investment in Hongkong Land and Wharf, but the effect is not obvious, the scale of Hongkong Land is too large, even in the second half of last year, the market value is more than 5 billion Hong Kong dollars, considering the growth of the stock market, Jardine Matheson wants to increase 10 points at least 800 million Hong Kong dollars, and Wharf, the market value is much smaller, but in 73-74 years, in order to develop Harbour City, Wharf issued additional shares many times, I estimate that Jardine holds less than 10% of Wharf shares, and we are now the largest shareholder of Wharf." Zhou Jiayang smiled and said.

"It's a pity that we, the largest shareholder, can't get the right to manage the company." Chen Zhiwen smiled and said, it is useless to become a major shareholder, if you want to obtain stable management rights, you have to start at least 35%, and it is absolutely safe to reach 49.

In the original history, Bao Yugang obtained 30% of Wharf's shares, while Jardine Matheson only had 20%, but the latter firmly controlled Wharf, until Bao Yugang spent 2 billion Hong Kong dollars in one go to increase his equity to 49%, which was considered to be a complete defeat of Jardine Matheson.

Zhou Jiayang continued: "The Harbour City project is too expensive, the original budget was 1 billion Hong Kong dollars, but the current trend is that 2 billion is not enough, but it can't be stopped, once stopped, the previous billion investment is in vain, then the entire Wharf will immediately go bankrupt." ”

"In fact, as long as the properties in Harbour City are sold, it is enough to solve this problem, but unfortunately, the people of Jardine Matheson are too obsessed with self-owned properties to get out of this circle." Chen Zhiwen shook his head and said.

The original land of Harbour City, which was once one of the three major piers in Hong Kong, was named after the current Taikoo Shing and Whampoa Gardens, and in terms of location, although it is on the Kowloon Peninsula, it is facing Central, with the help of the Star Ferry, the location here is no worse than Taikoo Shing.

Such a land, if developed like Taikoo Shing, it is estimated that it will be no problem to easily earn a billion, but the senior management of Jardine Matheson obviously hopes that this place can become a business model to replace the annoying hot days in winter and hot summer in Central, so Harbour City was built.

Judging from the future situation, this idea is right, Harbour City has become the largest shopping mall in Hong Kong, and in the 21st century, it will collect more than 10 billion Hong Kong dollars in rent every year, but obviously all this has nothing to do with Jardine Matheson, because now too much investment has led to Wharf's financial problems full of loopholes, and it had to dilute the stock on a large scale, and was finally snatched away by Bao Yugang.

In this life, it's naturally yourself.

"Hongkong Land has been making money in Central for decades, and Jardine Matheson probably hopes that Wharf will become like this." Zhou Jiayang smiled and said, when the funds are sufficient, buy a large number of Central properties, wait for the appreciation and then collect a huge amount of money, it is indeed very profitable, but unfortunately, the current Hutchison does not have this ability.

"The acquisition of Wharf, I am not in a hurry, I just want to acquire slowly, then restart the acquisition of Wharf shares now, everything is based on stability, and the acquisition is slow." Chen Zhiwen thought for a while and said.

In fact, in addition to the problem of funds, Chen Zhiwen has never started with Wharf, one of the main reasons is to let Jardine Matheson's funds be spent more on Harbour City, after all, if he acquires it, he must also give out the billion-Hong Kong dollar funds, otherwise Harbour City will be scrapped, what is the point of acquiring Wharf?

"Okay, I'll try to buy as many shares as I can at the lowest cost." Zhou Jiayang asked again: "What about the funds?" ”

"I'll transfer it from overseas." Chen Zhiwen said.

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(End of chapter)