The MTR Corporation was obviously very interested in the proposal of the joint consortium of Hengyi and Galaxy to give money first and share interests in the future real estate, and on the seventh day after the auction, a senior executive of the MTR contacted Chen Tianfu by phone, and Chen Tianfu naturally devoted himself to negotiating various details with the MTR Company.

As far as Chen Zhiwen knows, Li Jiacheng also adopted a similar plan to cooperate with the MTR Corporation, so that the competition now is who can give the MTR Corporation more benefits, and the MTR Corporation will obviously not negotiate with the Chen family.

The time soon came on April 1, and the MTR Corporation officially announced that Hengyi Real Estate Group had obtained the development rights of the two subway properties in Central and Admiralty.

When the news came out, Hong Kong public opinion was a sensation, and I thought it was a deliberate news on April Fool's Day, but when the MTR Corporation officially signed a cooperation agreement with Hengyi Group, everyone shut up, because everyone thought that Hongkong Land must be the last successful one, and Hengyi had a small reputation before, and everyone knew that it was Chen Zhiwen's father's company.

This MTR tender can be regarded as the first time that Chen Zhiwen competed with other British investors after the acquisition of Hutchison, and then won a big victory.

At the headquarters of Cheung Kong Industrial, Li Jiacheng looked at the news on the news, put down the newspaper after a deep talk, and said: "Chen Zhiwen is more generous than me, and he actually gave 55% of the profit to the MTR Corporation, and they only need 45% of the profit." ”

"It's really ruthless enough, we gave 51% of the profit, and I thought we would get it." Zhao Yeguang, vice president of Cheung Kong Real Estate Business opposite, said.

Hong Kong's auction is generally a one-time payment of money, buy and leave, this time the MTR Corporation open bidding, but changed the style of other auctions in the past, requiring each company or consortium to submit the bidding price to carry out.

Zhao Yeguang and Li Jiacheng immediately saw the reason behind this, it must be that the MTR Corporation has taken a fancy to the future of the real estate market and does not want to buy and leave only to get a sum of money.

So, after the negotiation, Cheung Kong's plan is to give a sum of money first, so that the MTR company can use it to do its main business, after all, the MTR auction of the land is to raise money, and then Cheung Kong is responsible for the development of the land, and after selling it in the future, it will recalculate the profit with the MTR company, 55 shares.

After handing over the cooperation method, the MTR company also contacted Cheung Kong and talked for a while, in order to be safe, Li Jiacheng changed the share to 51:49. But unexpectedly, Hengyi Real Estate was even more ruthless, and it was directly changed to 55:45.

"Forget it, if you lose, you lose, the Hong Kong market is so big, we also have other opportunities." Li Ka-shing seems to have recovered quickly, saying: "As soon as possible, we will reach a cooperation agreement with HK Electric, Wheelock and Kwong Sang Hong, and the land in their hands is very valuable, and many other Chinese-funded real estate companies are very coveted." ”

"Okay, I'll make an agreement with them as soon as possible." Zhao Yeguang nodded and said.

On the other side, after Bao Fuda saw the cooperation agreement between Hengyi Real Estate and MTR mentioned in the news, he directly threw the newspaper on the corner of the table and said: "Neurotic, I gave most of my profits to MTR, and worked hard to make wedding dresses for others." ”

Niu Bijian frowned and said: "This group of Chinese always comes up with strange ideas. ”

"Let Chen Zhiwen toss, I want to see if he can make money this time?" Bao Fuda said disdainfully.

"Regardless of him, let's discuss the issue of Harbour City, shall we? There is a lack of funds again. Niu Bijian said with a slight frown.

"Since the funds to be used to acquire the property at the subway entrance have not been used, let's give it to Wharf, if the Harbour City is not completed in a day, we will always be dragged down by this project." Bao Fuda thought for a while and said: "And Hongkong Land holds less than 10% of Wharf shares, which makes me a little worried, this capital injection can just increase a little bit of shares." ”

"Do you think someone will buy Wharf? Chen Zhiwen? Niu Bijian asked.

"I don't know, but I think it's better to be conservative." Bao Fuda nodded and said: "But maybe I'm too careful, now the Hong Kong market is generally not optimistic about the Harbour City project, and Chen Zhiwen may not pay attention to it." ”

"What you said makes sense, let's increase the stake a little, the market value of Jardine Matheson and Hongkong Land is very high, basically there will be no major problems, and the stock price of Wharf is indeed a little lower." Niu Bijian agreed.

The three major companies of the Jardine Matheson family, Hongkong Land has the highest market capitalization, more than 4 billion Hong Kong dollars, in Hong Kong, it is second only to HSBC, Jardine is a little worse, less than 3 billion, and Wharf, the original market value is not much lower, but after entering the 70s, the Harbour City project has seriously dragged down the profits and stock prices of the entire company, plus several share financing, the total market value has shrunk to less than one billion.

However, he also believes that the risk of Wharf being targeted is smaller, because the Harbour City project is indeed not favored by other people in Hong Kong, even the banks are unwilling to use this business as collateral.

The original purpose of the construction of Harbour City was that Henry Keswick saw that the shopping environment in Central, Hong Kong, needed to move from one building to another, and when it was hot or rainy, the flow of people would drop significantly, so he came up with the idea of building a super-large commercial plaza, which could allow everyone to shop, eat, watch movies, play and so on with peace of mind.

Naturally, there is no such land in Central, but there is one on the opposite side of the harbour, so Harbour City began to be built, but all walks of life in Hong Kong are not optimistic about the Hongkong Land project, and few people think that a shopping mall in Kowloon can absorb the flow of people in Central.

After Niu Bijian took over Jardine, Harbour City was halfway built, no matter whether it was optimistic or not, it could only be built head-on, because if it was not built, Wharf would immediately go bankrupt, but because there was no money, it could only increase shares for financing, plus the company's daily profits to promote the construction process.

A harbour city, a central redevelopment plan and the losses of several large-scale overseas investment projects have been sucking blood on Jardine Matheson, and if it weren't for its solid foundation, I am afraid it would have gone bankrupt long ago.

"Okay, then next time, I'll let Wharf issue shares to Hongkong Land, so that the control of Wharf will be pulled to about 20%." Bao Fuda nodded and said.

"Hongkong Land is preparing to increase the capital of Wharf?" Chen Zhiwen, who got the news, thought for a while and said: "It seems that it is because the money originally used for MTR property is empty." ”

"It is possible that according to the scale of Hongkong Land's capital increase, Hongkong Land will own about 20.5% of the shares, and our shares will also be reduced from 23% to 19.4%, and Jardine Matheson's control over Wharf has increased a lot." Xu Jinhong, general manager of Galaxy Group, said.

"Then we can only let them go, we still have to maintain the normal acquisition model before, Harbour City is a bottomless pit, and Wharf will still raise funds in the stock market sooner or later." Zhou Jiayang nodded and said.

With the management of Wharf, Jardine Matheson can raise funds at will, and if you want to raise funds, you can raise funds in the stock market, but this will reduce your controlling stake, and if you want to increase your controlling stake, you can contribute your own capital and increase your capital separately.

This is also the reason why it is difficult to succeed in the acquisition, especially if the acquiree finds the white knight, the difficulty is to rise in a straight line, once there is enough funds, you can private placement of shares, increase the controlling stake of your own side.

At this time, there is no way for the acquirer to stop it, unless the stock acquisition is close to 50%, there is a slight possibility, but it is basically impossible to directly acquire this amount.

Therefore, if you want to acquire the target party, you must take advantage of the other party's financial difficulties, such as when Bao Yugang resists Jardine, Jardine is short of funds, otherwise, a capital increase can hold Bao Yugang down.

Now the Jardine Department still has some funds in its hands, so Chen Zhiwen is not hard, as long as the development of time, the situation of Jardine will get worse and worse.

"Recently, according to Chen Sheng's requirements, I have sold the industrial land and property in the market, and I have cashed out quickly, and these funds are enough to cope with the slow acquisition of Wharf shares." Xu Jinhong said again.

"Okay, continue to sell, sell them all, Wharf's acquisition is relatively slow, and more funds are ready to develop the land acquired before Wheelock, or cooperate with Hengyi to develop new land." Chen Zhiwen said.

From 74 to 75 years, Galaxy Real Estate used the highest level of leverage, invested hundreds of millions of Hong Kong dollars, and obtained industrial office properties worth at least 300 million Hong Kong dollars at that time, and today, the price of these properties has basically doubled, according to market price estimates, after cashing out, at least 250 million Hong Kong dollars can be netted, plus the former principal, Galaxy Real Estate will also have up to 350 million Hong Kong dollars in its hands.

The sale of these properties is not that the price of industrial office properties will be reduced in the future, but Chen Zhiwen knows that in the next few years, the rise of pure industrial office buildings has not been able to catch up with commercial real estate properties, because industrial real estate, affected by industrial profits, the upper limit is limited, when he rises too fast, industrial profits are unbearable, and it will inevitably affect the price of industrial land.

Residential and commercial, they are aimed at the economy of the whole society, or the carrying capacity of the whole society, only when the housing prices are so high that the social operation can not bear to collapse, in this real estate upward cycle, it will not be a problem until 81 years, and it will completely collapse in 82 years.

"Lao Xu, you are also from Cheung Kong Industrial, many of Li Jiacheng's routines, you all understand, next, I am basically more optimistic about the real estate market in Hong Kong, so your task is very simple, just desperately get the land, or cooperate with those British investors." Chen Zhiwen continued.

Although Chen Zhiwen has given his father a lot of resources to develop his Hengyi, but his own real estate company also wants to develop, Hong Kong is so big, there will be no competition, and even with the real estate five tigers and some British capital, there is no conflict, because there are still many owners of the cake now, and the major capitals are selectively expanding, and only when the Chinese-funded real estate can be ranked at the level of the Asian rich list after more than ten years, it basically monopolizes all the interests of Hong Kong.

For Galaxy Real Estate, Chen Zhiwen is a benchmark for its future, and if he can, he owns dozens of buildings to collect rent, which is very fragrant.

However, now it is still a little far from the goal, and it is natural to develop normally like other Chinese-funded companies, the real estate plate is too big, and today's Chinese-funded capital is just gnawing a small part everywhere, from Cheung Kong Industrial, Henderson, Sun Hung Kai and other real estate companies to dig teams everywhere, just to be able to catch up with the dividends of this wave of land price rise cycle in recent years.

"Okay, I understand." Xu Jinhong nodded and said.

"Okay, you can report to me once a month in the future, and you can negotiate what projects your team will do internally, I just look at one point, the comparison between you and Li Jiacheng, 7-8 percent of the benefits are enough." Chen Zhiwen said with a light smile.

Since 74 years, Chen Zhiwen has spent a lot of energy in the real estate industry, that is because he wants to give full play to the ability of the prophet's golden finger, in the real estate market trough or just starting to rise, seize a lot of opportunities, and now the real estate market has begun to take off, can be prepared to prepare, he has little effect, let professionals do professional things will be better.

Whether it is Galaxy Real Estate or Hutchison's real estate business, they have begun to operate on their own, and Chen Zhiwen only needs to intervene at special times, such as about a year before the local price will fall, and begin to withdraw on a large scale.

April 10, Admiralty, the headquarters of the Galaxy Tower:

"Eric, your mansion is beautiful, I like it very much." After sparing the Galaxy Mansion in the helicopter, Henry Morgan said with a smile.

"This is the design of the Chinese-American architect Bei Jinming, you should know the library in Los Angeles, right? It's also his handiwork. Chen Zhiwen said with a smile.

"I've heard of him, and he's well-known in the construction industry in the United States." Henry Morgan nodded and said.

"Let's go down." Chen Zhiwen said to the driver.

On the roof of the Galaxy Building, there is a large helipad, which Chen Zhiwen specially prepared for himself, although he is already one of the most powerful businessmen in Hong Kong, driving a Mercedes-Benz bulletproof car worth millions, but when the traffic is jammed, all beings are equal.

However, many times, this is a waste of time, so after proposing to Bei Jinming to build a helipad on the top floor of the building, he personally went to Germany to place an order for a helicopter, the one with the best quality and the highest safety, the price is naturally more expensive, but as long as it can save Chen Zhiwen's time, it is still very cost-effective.

After getting off the plane, Chen Zhiwen took Henry Morgan to his office, and the assistant also prepared coffee.

"Good coffee, it's from South America?" Henry Morgan asked with a smile.

"Good eyesight." Chen Zhiwen smiled and said, this is actually cat poop coffee from Brazil, which is very expensive, but Chen Zhiwen doesn't have this hobby, and he bought these to entertain some Western guests.

"Speaking of South America, I recently bought a 50,000-acre farm in Brazil, it only cost $4 million, and there is a lot of wildlife in it, Eric, if you are interested, we can go hunting, take a helicopter, take an AK47, shoot wild boar herds in the sky, the bullets are still fluorescent, you can see the trajectory of the bullets, that feeling, it's really cool." Henry Morgan said with a laugh.

"Well, it's a little." Chen Zhiwen has put himself in a bit of it, and seems to be a bit too much of a bully to animals, but wild boars are an agricultural scourge in many countries, and many countries encourage farmers or idle people to eliminate wild boars, and Australia even encourages people to exterminate kangaroos and wild cats.

"Then you can see for yourself, let me know when you have time, and I will accompany you at any time." Henry Morgan said with a smile.

"You're so free?" Chen Zhiwen asked curiously.

"I've always been free." Henry Morgan shrugged and said: "Many of Morgan's industries are managed by professional managers, I used to participate in a little, now, our arcade development is the most important, Eric, the magic cube is incredible, it has been on sale for almost a year, many places are still so hot, my orders, although it is only a little down, but it is much stronger than the snake." ”

"The playability is different, it's natural and long-lasting, but I guess it's about the same." Chen Zhiwen nodded and said.

Last summer, Midea began to send Magic Cube's arcade machines to the United States, and when Snake was a little weak, Magic Cube immediately caused a new hit and became a new favorite in American bars.

In the case of opening up channels, Hong Kong's production capacity has also reached a very high level, especially after entering the Midea Industrial Park.

In more than half a year, the sales of Magic Cube in the United States exceeded 80,000 units, and most of the bars participated in the purchase, and some large bars also bought several units, because one or two units are not enough for everyone to play in many cases.

The market outside the United States developed later than the United States, and the early focus was still the snake, and at the beginning of this year, when orders in the American market were down, magic cubes were also on sale.

The Midea Industrial Park, with more than 2,000 workers producing arcade machines, also provided Chen Zhiwen with the highest profit since he started his business. From June last year to April this year, the two arcade machines brought Midea a net profit of up to $170 million, which is stronger than the "space invaders" who made $100 million a year in the original history.

Of course, these are two games, but they are already terrifying, and the arcade market in Europe and the United States has completely exploded.

"But Eric, the magic cube seems to be running out of life, shouldn't we be preparing for the next game?" Henry Morgan said with expectant eyes.

(End of chapter)