"Boss, the investment of the Crocodile Shirt Building has been completed by 98%, and the four-story shops have been fully rented!" Huang Changhong came to Lin Zhichao's office and reported happily.

Lin Zhichao raised his head, he was not surprised by this progress, after all, there are still more than two months to go, and the Crocodile Shirt Building is about to open.

"Did you find anything?"

Huang Changhong knew that the boss was testing him!

After all, as the deputy general manager, when the boss is not in Hong Kong, he is acting as the general manager; If you don't have enough vision, the boss will gradually distrust.

"Probably from the second half of this year, foreign companies have come to Hong Kong to set up branches and offices. For example, about 30% of the office buildings in the Crocodile Shirt Building are leased by overseas companies. At the same time, residential properties in Hong Kong are starting to get better, and it is expected to return to the upward channel next year."

Lin Zhichao is very satisfied with Huang Changhong's observation and vision, don't look at these are easy to find, but in fact, it is difficult for someone to see through. Just like the 'imbalance between supply and demand' in real estate in the second half of 1957, from the perspective of 'hindsight', there are not too many people who understand, but not many real estate developers were keenly aware of the problem at that time.

Of course, Huang Changhong, a real estate executive, is naturally related to Lin Zhichao.

"You're right! The new real estate cycle is coming, and I don't know how long it will last this time, but I think it will last longer than the last time, because Hong Kong's economy is also developing rapidly, especially in industry. ”

Huang Changhong is very happy that the real estate cycle is coming, which means that Cheung Kong has also ushered in the opportunity for development, and he, as the deputy general manager, will naturally rise to the top.

Then, Huang Changhong reported: "The rent of the crocodile shirt building in the first year is 1.65 million Hong Kong dollars, of which the rent of office buildings is 1.15 million Hong Kong dollars and the rent of shops is 500,000 Hong Kong dollars."

The rent for the first year must have been discounted, not to mention that now commercial real estate has also been affected. The annual rent is 1.65 million Hong Kong dollars, excluding expenses, and there should be a profit of more than 1.2 million Hong Kong dollars.

The cost of the Crocodile Building is: land cost 2.6 million, construction cost and miscellaneous expenses 7.5 million, a total of more than 10 million Hong Kong dollars.

Equivalent to eight years of return on investment!

Of course, the land was purchased in 1952, and if you convert the current land fee, I am afraid it will cost more than 5 million.

In this case, it will be a return on investment in ten years!

However, the rent will rise, so it is more realistic to return on investment in 6~7 years, which is also the ideal rate of return on investment in Hong Kong. The important thing is that after returning to the capital, you will find that the property itself has also appreciated in value and made another profit.

"Not bad!"

Seeing this, Huang Changhong got up and said goodbye.

He is now in charge of all things in the company, no longer limited to the construction field, and needs to share the worries of the boss in all aspects.

At the same time, Paul Li of Poly Construction acted as the first person in the construction affairs and was responsible for the front-line supervision of all the real estate projects under Cheung Kong Asset.

Lin Zhichao can already foresee that if Cheung Kong Industrial Group was listed in 1972, its market value would definitely exceed that of the 'Five Tigers of Real Estate'.

Because of the packaged assets, tentatively include: 15~20 real estate projects (including land that has not yet started) and a small number of rent-collecting properties, Poly Construction, and stone mining enterprises. These three assets alone are enough to have more Poly construction and stone mining enterprises than the 'Real Estate Five Tigers'.

As for other unlisted assets, they will return to the 'Cheung Kong Asset Group (Listed Company) through acquisitions in the future. Poly Construction and Stone Mining Enterprises can be spun off and listed in the 80s to raise funds for the group.

In short, the stock market is a good 'money-making weapon' if you don't play it.

Cheung Kong's reserve of land has reached 1.35 million square feet, and in this wave of plummeting market, 350,000 square feet of land or land has been purchased. Almost all of these plots are concentrated in the urban areas of Hong Kong and Kowloon, almost none in the New Territories, and almost none in remote areas of Kowloon.

After all, if residential development is going to 'remote' areas in the New Territories, Kowloon and Hong Kong Island, it will be almost always after the mid-60s.

Lin Zhichao came to Hong Kong Airlines, and he has been coming for about ten days and half a month to communicate with senior management, or to chat with pilots and flight attendants to brush up on his presence.

Although he adheres to professional things and leaves them to professionals, as a boss, he can't do without a sense of presence.

"BOSS, Cathay Pacific also seems to be preparing an 'airline catering company'," President Hill told Lin Zhichao a 'bad news'.

Hong Kong Aviation Catering Company is a good source of profit, at least the return on investment is very high. Moreover, Hong Kong Airlines' profit may exceed HK$1 million this year, which is very good news.

Lin Zhichao frowned a little, and then thought about it.

"In this way, you go to talk to Jardine Matheson about acquiring the 'Jardine Aircraft Maintenance Company' in their hands, and when you talk, you have to release the news!" Soon, Lin Zhichao felt that he would knock on the mountain and shock the tiger to see if he could scare Swire and foreign companies.

Hong Kong's aircraft maintenance business is a very lucrative and huge business, because there are so many aircraft coming to Hong Kong, there is always a lot of business demand. With the development of Hong Kong's tourism and economy, this business is very large.

To put it simply, in the early 60s, Swire and Jardine Matheson merged the two mechanic companies and went public in 1965 with a market value of more than 300 million, sold 25% of the public shares, and raised more than 80 million yuan for the expansion of the hangar.

Hilton said puzzled: "Boss, if the news is released, won't we be at a disadvantage." Under all equal conditions, Jardine Matheson will definitely give priority to Swire and that mechanical engineering requires a lot of mechanical talent, after our acquisition."

Lin Zhichao said with a smile: "I just want Taigu to know!" As for mechanical talents, my Cheung Kong Industrial Group and Global Shipping have sufficient mechanical engineers, and in this regard, they are no worse than the old foreign companies. ”

Even if ordinary people acquire mechanical repair projects, they may not be able to play well, but Lin Zhichao's mechanical talents are too many. The engineer who repairs the aircraft, who is also a mechanical engineer, is generally trained by the manufacturer of the aircraft.

Hill suddenly realized that the boss's move was to deter Swire & Co., which meant that if you want to meddle in 'aviation food', I will meddle in 'mechanical engineering'.

Obviously, Hong Kong's 'aviation food' and 'mechanical engineering' are best in the hands of one airline, and the vicious competition is a defeat for both sides.

"Okay, I'll get in touch right away."

Lin Zhichao added: "The acquisition of mechanical repair projects must be sincere, we have no pressure on funds, and we must have enough sincerity!" In short, report to me in a timely manner if there is any situation, and I will intervene if necessary. ”

Hill had been subdued by Lin Zhichao at this time, and immediately said, "Yes, BOSS." ”

After all, Hong Kong Airlines is 100% controlled by Universal Shipping, and the management does not have much capital to fight against the boss.

In fact, in this competition, Lin Zhichao hoped that Swire & Co. would withdraw from aviation food on the condition that Hong Kong Airlines would withdraw from the competition in mechanic engineering.

Of course, the specifics are undecided, and everything is unknown.

"What? Hong Kong Airlines is in contact with Jardine Matheson to acquire Jardine Aircraft Maintenance? The aging Schyoke nervously questioned Cathay Pacific President Kyle.

"That's right, the message is very accurate!" Kyle said firmly.

Schyoke stood up from his desk and paced the office to think about something.

Kyle said tentatively: "I don't think Jardine Matheson will sell to them, after all, the aircraft maintenance business is more profitable, and they should consider merging with our mechanic engineering instead of selling." ”

Shi York said with a solemn face: "Jardine Matheson only recognizes money, and Lin Zhichao is just rich, so there may be no possibility of a deal." And Hong Kong Airlines is also one of the two airlines in Hong Kong, and selling to them does not make people find fault with it. By the way, who released the message? ”

Kyle thought for a moment and said, "It seems to have come from the airport!" ”

Shi York immediately thought about it, and said for a long time: "It seems that Hong Kong Airlines may want to talk to us!" ”

"What are you talking about?"

"Airline Food"

Kyle instantly understood and said, "Taipan, you mean, Hong Kong Airlines wants us to give up on entering the aviation food field, and they also give up on buying Jardine Matheson?" ”

Shi York nodded and said, "Yes! ”

Kelton said unhappily: "It's not certain that they will buy Jardine Aircraft Maintenance, and we can enter the airline food field at any time, why do we want to make this deal?" ”

Shi York said helplessly: "Because Lin Zhichao is rich!" As long as he offers a high price for the acquisition, Jardine Matheson may be tempted even if he is afraid of us, who are also British-owned. What's more, once the price is high, we will merge Jardine Aircraft Maintenance in the future, and will be slaughtered by Jardine Matheson. So, no matter what, we have to talk about it, I'll make an appointment with Lin Zhichao about this matter! ”

At the beginning, Jardine Matheson sold the shares of Hong Kong Airlines to Lin Zhichao because British Overseas Airways sold it first, so Jardine Matheson was not too 'condemned' in this circle.

Now, it would be reasonable to sell the aircraft maintenance company to Hong Kong Airlines, which is one of the two airlines in Hong Kong, and it is normal to buy the aircraft repair business. Importantly, Hong Kong Airlines has a stake in HSBC.

So, in any case, Shi York didn't want to gamble, but planned to talk to Lin Zhichao.

Originally, there was no competition between the two airlines in Hong Kong, and everyone flew on their own side and had different routes.

Moreover, whether it is the Hong Kong government or London, it also hopes that Hong Kong will have two airlines, so that it is conducive to competition. The only thing I didn't expect was that Lin Zhichao, a Chinese, actually had the strength to acquire.

Of course, it is now a fact, and the last thing Schyoke wants is to see Lin Zhichao meddling in Hong Kong's 'aircraft maintenance' business. Because Swire has the backing of a strong dockyard mechanical engineer and Lin Zhichao also has the backing of his industrial empire, if Hong Kong Airlines enters the mechanic business, the competition will be fierce in the future.

In the Blue Room of the Hong Kong Society, Lin Zhichao, Hill and Old Schyoke and Kyle met with each other.

Lin Zhichao and Lao Shiyoke have no personal relationship, but they have met and greeted each other in some public places.

In fact, the two can be regarded as 'evil', because Lin Zhichao snatched Hong Kong Airlines, and Lao Shiyoke must have a mustard. Coupled with the 'conflict' that broke out this time, the relationship between the two families is naturally average.

Of course, business belongs to business, and everyone may cooperate in the future, after all, 'the word is the first'.

Moreover, compared to Swire & Co., Lin Zhichao hates Jardine Matheson even more. Although Jardine Matheson sold a 45% stake in 'Hong Kong Airlines' to Lin Zhichao last time, it was clearly a starting price, and by that time the matter was already a foregone conclusion.

At the same time, the Wharf Group, a subsidiary of Jardine Matheson, charges very high fees, and global shipping suffers; This time, when it comes to the acquisition of aircraft maintenance business, Jardine Matheson also offers a sky-high price, which Hong Kong Airlines cannot accept at all.

After the two sides met, Lin Zhichao and Lao Shi York praised each other, and there was no mustard on the surface.

"I am really impressed that Mr. Lam joined Hong Kong Airlines and immediately changed the company and became a model for the aviation industry!" Schyoke said with a smile.

I don't know if this sentence is sincere!

If not, it is provoking the relationship between Hill and other management and Lin Zhichao.

It's a pity that Old Schyork's abacus fell through!

Lin Zhichao has always disliked taking credit, so he responded with a smile: "It's all colleagues who work together to change the company." Of course, Hong Kong Airlines has just improved, and I dare not say that it is a model in the industry, but it is just a company trying to survive. ”

Seeing that Lin Zhichao was modest, Lao Shi York knew that this young man could grow to today's status, so he was naturally cunning.

"Then let's open the window and talk today, Mr. Lin didn't really buy Jardine Aircraft Maintenance Company, did he?"

Lin Zhichao said seriously: "Absolutely sincere! However, I don't want to see two companies that should have coexisted peacefully and worked together to contribute to the development of Hong Kong's aviation industry fall into infighting, which will be a loss for Hong Kong's aviation industry. After speaking, he had a sad expression.

's superb acting skills deceived the three of them in an instant.

The elder Schyork said: "It is true that our two airlines, one south and one north, are not competitors. In this case, Hong Kong Airlines should not buy the aircraft maintenance business in the hands of Jardine Matheson! ”

No matter how good your performance is, Old Shi York only wants to talk about the conditions, and he wants to take the initiative.

Lin Zhichao has no reason to show weakness: "The aircraft maintenance business is huge, which can fully support two companies, after all, they were two companies before." On the contrary, it is an airline catering company, which has never appeared before, and now we are the first to occupy the market, and the market is not large, I think Cathay Pacific has entered this industry, which is completely malicious competition. ”

The words have been made clear!

Old Schyork continued: "You have not yet succeeded in the matter of aircraft mechanic engineering! But the airline catering company, we've already started to invest. Obviously, this is not an equal condition! ”

Lin Zhichao immediately retorted: "Mr. Schyoke may not know my style of acting, in my eyes, only the size of the profits, the mechanical engineering business is huge, to be honest, I have a lot of determination." I generally don't think about the immediate benefits, but the long-term benefits."

The implication is that if it is really impossible to talk about it, no matter how expensive the aircraft maintenance in the hands of Jardine Matheson is, he will have to take it himself.

Old Shi York suddenly understood that Lin Zhichao was not joking, he lost on the offer at the beginning. If you hadn't despised your opponent too much, you wouldn't have lost in the end.

Next, the two sides began to enter the negotiation stage in earnest.

Cathay Pacific also wanted to take a stake in 'Airline Food', but was still rejected and had to accept the acquisition (equipment and galley) by Hong Kong Airlines, which promised not to participate in the acquisition of Jardine Matheson's aircraft maintenance business.

On the whole, both sides are satisfied with the 'mutual concessions' this time.

For Hong Kong Airlines, although it gives up a big cake, but this big cake does not belong to itself, and it is difficult and expensive to obtain, but now it can monopolize Hong Kong's 'aviation food', which can be said to be 'empty gloves white wolf'.

For Swire & Co., defeating an attack by Hong Kong Airlines, and then merging with Jardine Matheson Aircraft Maintenance, was just a matter of course. Because Jardine Matheson no longer has the energy to run this business, there are ideas for selling or merging.

Rejoice in everyone!

On the other hand, when Jardine Matheson learned that Hong Kong Airlines and Cathay Pacific had reached some kind of agreement, and Hong Kong Airlines gave up on buying their 'aircraft maintenance company', they immediately knew that they were being used.

"Cunning Chinese!" Keswick cursed under his voice in his office.

(End of chapter)