It's a new year (1989) again.

After New Year's Day, Cheung Kong Group held a high-level meeting.

In the conference room, everyone made a work report.

At the same time, the situation was exceptionally good last year, with Cheung Kong Group's profit reaching 3.156 billion Hong Kong dollars. In addition to the number one residential sales in Hong Kong, there is also a sharp increase in rents.

After everyone reported their work, Lin Zhichao asked: "What is the sales target for this year?" ”

Li Minghui immediately replied: "It is expected to sell 4,000~4,300 residential units, with a floor area of about 2.3 million square feet, which is down from last year. ”

Cheung Kong Group's residential profit is the highest among all real estate companies, not because of poor materials, but because of very good quality; The real reason is that the land price of Cheung Kong Group is very cheap.

Lin Zhichao thought for a while and said, "Try to arrange sales in the first half of the year!" ”

He didn't say why, but many high-level executives were 'gedengding' in their hearts, because the boss is good at capturing 'cycles'. Now that real estate has risen for five years from 1984~1989, does the boss think that real estate will fall?

"The group's cash flow is very abundant now, and this month, there is a land king in Wan Chai to auction (the former Central Plaza plot), and if the price is reasonable, it can be taken to develop commercial buildings," said Lam. ”

Cheung Kong Group's cash flow has reached more than 4 billion Hong Kong dollars, and then Japan is preparing to sell assets, and a large amount of cash flow will be returned.

Lin Zhichao said: "That piece of land is almost meaningful, go to participate, the price is reasonable. Cheung Kong Industrial Group's smelter in Tseung Kwan O intends to sell it and will hand it over later. The land is large enough to be developed into a large housing estate, and the price is expected to be around HK$8 billion, which happens to be the fifth large-scale housing estate in the Cheung Kong family in the 90s. ”

Lou Li rolled in, and everyone was also smiling.

As for the king of Wan Chai, there is really no temptation for Lin Zhichao.

Lin Ruihuan replied: "Okay, I'll arrange it as soon as possible!" ”

It's not that Lin Zhichao is focused on developing real estate, but that the Hong Kong government is now planning a new town, and the smelter is even more incompatible with the plan, in fact, Zhongtian Iron and Steel has gradually moved to the New Territories, and the scale is much smaller.

In the previous life, the land was sold by the steel king to Sun Hung Kai and Swire Properties, and the two families built two large housing estates respectively. Now in the hands of Cheung Kong Group, it will be another large housing estate with more than 10,000 residential units, and of course, the commercial component.

After the meeting.

Lin Ruihuan came to the chairman's office and asked: "Dad, there is already a building in Japan that has reached a transaction agreement, if you get the money, should you directly convert it into dollars and take it back to Hong Kong, or temporarily store it in the yen account in the Bank of Japan?" ”

It's quite fast, and the first commercial building has been sold in less than half a month.

Of course, this year (1989) is the last crazy year for the Japanese real estate and stock market, so don't worry about the buyers.

Lin Zhichao said: "At present, the US dollar/yen has risen to 125, so I will exchange it for US dollars as much as possible and take it back to Hong Kong immediately." This year, as long as it is less than 150, it will be directly converted into US dollars and taken back to Hong Kong. ”

"Well, Japanese properties are worth more than expected, with an estimated net asset value of more than $12 billion."

"Well, don't worry too much, we've already made a lot of money!"

"Okay. Does Dad have a direction to invest in these funds? ”

Lin Zhichao said: "Do you have any direction? ”

Lin Ruihuan thought about it for a while and said seriously: "Not for the time being, my opinion is that this year-end dividend will be generous and take out 1 billion Hong Kong dollars as dividends." ”

Lin Zhichao said with a smile: "1 billion is not much, it is feasible!" ”

It's a lot, it's not a lot. That's a lot because it's almost 30% of the annual profit; It's not much, I thought that there would be a lot of cash flow back to Hong Kong from Japan this year, and there was nothing to do more points in advance.

According to the 62% equity owned by Lin Zhichao, more than 600 million dividends were distributed at once. This kind of dividend is not wanted by Lin Zhichao, and he will give it directly to his son.

As for what they do, Lin Zhichao never asks, but he also has some understanding, and many of them are used to invest in overseas projects.

Including the group that is not listed, how much money is earned in a year, and how much money is allocated to himself, Lin Zhichao will make a decision every year. But in general, most of the cash flow is in the company's accounts.

After all, there are still 25 years to go before the best time to make money, and it is better to invest the money.

Lin Ruihuan and Lin Ruijiang sat on the sofa in the office, and the brothers drank coffee together.

"Second, Cheung Kong Industries' land in Tseung Kwan O is worth 8 billion Hong Kong dollars, and the land in Tsuen Wan is also a part-time job!" Lin Ruihuan said jokingly.

Without his father's nod, how could he dare to buy the 'treasure land' of Yangtze River Industry, and he is also a brother, so he is so joking.

However, Lin Ruijiang believed it, immediately put down the coffee, and said: "Big brother, what do you want, do you really want to develop all the land in Hong Kong into residential and office buildings, and you real estate developers are willing?" These factories are moving to the mainland, and everyone is not investing in high-tech industries, which is not good for Hong Kong's future! ”

Lin Ruihuan hurriedly said: "I'm joking with you!" You are a few of our brothers, what I admire the most, how could I not support you! ”

In his eyes, what his younger brother did was a great cause, and he really admired it.

Lin Ruijiang said: "I'm sorry brother, I overreacted a little!" ”

Lin Ruihuan said: "We brothers, where do we need to be so polite. You're stressed, and I don't have anything to help you, but I think my father didn't ask you to rush to develop the technology industry, and the technology industry is not in a hurry. ”

Lin Ruijiang nodded and said, "I understand!" In fact, the pressure is not too big, but there are a lot of things. In recent years, zippers, toys, electrical appliances, and electronics have to go to the mainland for development."

The brothers have a good relationship, and Lin Ruijiang rarely talks about things at work.

In recent years, Changjiang zippers and Changjiang toys have set up factories in the mainland on a large scale, transferring nearly half of their production capacity to the mainland; Subsequently, the production capacity will continue to be transferred.

In terms of electrical appliances, Midea is currently a joint venture with the mainland, mainly producing televisions, picture tubes, video recorders, radios, walkmans, refrigerators, etc.

In terms of electronics, Midea Electronics is wholly-owned in Shenzhen, and has invested in a headquarters covering an area of dozens of acres, intending to rely on the resources and markets of the mainland to deepen the electronics industry.

Game software has become an important asset of Changjiang Industrial Group, with an annual profit of more than 500 million.

The annual profit of the entire Changjiang Industrial Group is about 2 billion, but the difficulty of management and the direction of development must be very complicated.

So Lin Ruijiang's work, of course, is also very busy!

The brothers were not talking about business, but about feelings, but in the end they reached a land acquisition of 8 billion Hong Kong dollars, which was actually a formality.

There is no problem with the land of Yangtze River Industry, which is worth 8 billion.

The land exchange rights in the New Territories are already 1100~1200 Hong Kong dollars per square foot. (End of chapter)