Legend of Xiangjiang Tycoon

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Feng Jingxi stepped out of the shadows and prepared to rebuild the financial empire that had suffered losses.

Unexpectedly, the heavens are not beautiful, on August 5, 1985, Feng Jingxi died suddenly of a cerebral hemorrhage while working in Vancouver, Canada, at the age of 63.

Feng Jingxi left an inheritance of more than one billion Hong Kong dollars. The ability and courage of the Three Musketeers, regardless of their siblings, the Guo family and the Li family are all among the tens of billionaires. Feng Shi is inferior, and probably can only be explained by luck.

It is more appropriate to describe Guo Desheng as "an old horse knows the way".

The Three Musketeers broke up, Guo Desheng happened to be in his sixtieth year, and he alone took the lead in Sun Hung Kai Properties. When Guo Desheng was in the group of three, he adopted the policy of "what others abandon, I take, and what others take, I discard".

In 1967, riots broke out in Hong Kong, and land prices plummeted. Kwok went against the market and bought a large amount of land at a low price. The real estate industry recovered in the following year, and land prices soared. The value of the land owned by Sun Hung Kai increased nearly ten times.

In 1973 and 1979, when the stock market and real estate peaked, Guo Desheng sold stocks and land to cash out. Soon, the stock market collapsed, the real estate suffered, and the stock land fell to the bottom, and Guo took advantage of the low price again.

In the 1960s and 1970s, the speculation of uncompleted properties was frenzied all over the city, and there were many disputes. Many real estate companies saw that uncompleted properties were popular, and they were "unfinished" after they sold them.

Knowing this situation, Kwok changed course and expanded Sun Hung Kai Properties from real estate development (building buildings for sale) to real estate investment (building buildings for lease) and hotel investment (building hotels for operation).

Guo Desheng decided to build a "signature building" for rent. In the official land bidding, he won the 8389 lot of Goldstar Road in Wanchai, and built a 50-storey modern commercial building - Sun Hung Kai Centre.

Sun Hung Kai also owns 60 sites, if fully completed, the total floor area can reach 14 million square feet.

When listed in 1972, the registered capital was only 300 million Hong Kong dollars, but eighteen years later, in 1990, the market value had exceeded 22 billion Hong Kong dollars, an increase of 70 times.

From the perspective of net profit income, the 16-year period from 1974 to 1990 has increased by 41 times, and the profit has reached 2.4 billion Hong Kong dollars, with an average annual compound growth rate of more than 26%.

This ratio is higher than Zheng Yutong New World's 18%, Hu Yingxiang Hehe and Chen Zengxi Hang Lung's 24%, Li Zhaoji Henderson Land's 25%, and is second only to Li's Changjiang Industrial's 29%.

Just like "an old horse also stumbles", Guo Desheng missed an opportunity for great development in the cooperation with Hehe. The chairman of Hopewell, Hu Yingxiang, held high the banner of entering the mainland in the early 1980s, and persuaded Guo to buy 11% of Hopewell's shares.

Guo saw that Hu Shiguang was thundering but not raining, so he sold the equity back to Hopewell Chairman Hu Yingxiang.

In the late 1980s, the Hu family finally obtained large-scale projects such as the Guangzhou-Shenzhen-Zhuhai Expressway, the Humen Shajiao Power Plant C Plant, and the Guangzhou Ring Expressway that had been pursued for many years.

Hehe's reputation rose and the stock soared, which surprised Guo Desheng. Guo Desheng's son Yu Guo Bingxiang approached Hu Yingxiang and asked to buy back the transferred shares, but the stock price at this time was no longer what it used to be.

Guo Desheng "stumbled his forefoot and caught his heel". In the 1980s, he did not take advantage of the low price to fully acquire the shares of Royal Garden Hotel and New City Plaza. Guo's treasured sword is not old, and it will show its power again.

Unfortunately, on October 30, 1990, Guo Desheng suffered a heart attack and was treated at the age of 79.

The huge business is inherited by his three sons. According to Hong Kong's "Media" on January 3, 1995, "ranking third (the first is the Li Jiacheng family, the second is the Keswick family) are the three sons of Guo Desheng. Guo Bingxiang, Guo Binglian, and Guo Bingjiang have been promoted to another level compared with 1994, mainly because the market value of their Sun Hung Kai Properties is still more than 100 billion Hong Kong dollars, and they continue to retain their status as the largest real estate company in Hong Kong. The wealth of the three Guo brothers is still managed by a fund Management, with a market value of 48 billion Hong Kong dollars, is still the richest family in Hong Kong."

Among the former Three Musketeers, Li Zhaoji is the only one who is still active in the Hong Kong business community so far.

Li Zhaoji's motto is: "Disease first and then slow down. Take the lead and plan a good strategy. Take in when the low tide is low, and spit out when the high tide is high."

Li Zhaoji is kind-hearted, calm and stable, but once he shows his power, he has the potential of a "black shark".

In 1972, the Three Musketeers separated, and Li Zhaoji won 50 million Hong Kong dollars in land and property. At the end of this year, he and Hu Baoxing formed Shuitai Construction Industry Co., Ltd., with Hu Baoxing as the chairman of the board of directors and Li Zhaoji as the deputy.

It was the season when the Hong Kong stock market was "dizzy" and Hu and Li took advantage of the heat to list Wing Tai.

Soon, Li Zhaoji sold a large number of Wing Tai shares to cash out while stockholders were in a state of dizziness. Soon, the stock market crashed, and Li took advantage of the low price again. Throwing and sucking, a lot of gains.

Li Zhaoji was not willing to be Wing Tai's deputy, and established Henderson Land Development Co., Ltd. in 1975. Li acted as the chairman and president himself, with a share capital of 150 million Hong Kong dollars and 20 sites. It was still an unlisted private company.

After the stock market crash, listing a company is not as convenient as it used to be, and it takes considerable time, manpower, and material resources. If the company is listed on the market, there will be no convenience for raising funds, and it will be difficult to borrow money to make money.

Li Zhaoji decided to take a shortcut—backdoor listing. The "shell" he chose is Yongtai, which he is the second largest shareholder.

Li Zhaoji exchanged some properties for 19 million new shares of Wing Tai and became the largest shareholder of Wing Tai. He naturally became the chairman of Wing Tai, and Hu Baoxing became a director, leaving power behind.

In June 1981, Li Zhaoji seized the favorable opportunity of the bull market in the stock market and the prosperous year of real estate, listed Henderson Land while it was hot, and raised one billion Hong Kong dollars.

In August 1988, Henderson Land acquired Yongtai Construction in an all-round way and formed Henderson Development Co., Ltd. Li Zhaoji's backdoor listing has become a successful model in the stock market takeover battle.

Li Zhaoji's land expansion is ingenious, and he is rarely seen in official land auctions. He has hired "smart tongues" to lobby for many years; Japanese building owners sell old buildings, break them down one by one, and then dismantle the entire old building to clear the site.

Li Zhaoji's land expansion is ingenious, and he is rarely seen in official land auctions. He has hired "smart tongues" to lobby for many years; Japanese building owners sell old buildings, break them down one by one, and then dismantle the entire old building to clear the site.

In the summer of 1995, Hong Kong's Ma On Shan became popular, and Li Zhaoji built the last building of the fourth phase of Xingang City, and Li Jiacheng owned the Haibai Garden real estate opposite.

The two armies of Henderson and Cheung Kong confront each other and start a property sales war. A Hong Kong weekly magazine said: "The richest man in Hong Kong, Li Zhaoji and Li Jiacheng, who have always had a good relationship, this time to promote the real estate in Ma On Shan, they are not willing to give up. Henderson is the first to sell Xingang City at a reduced price. He even expressed his confidence. But Chang Shi immediately retaliated, you are more flat (cheaper) than me, and yelled (stared) at Xingang City all the way to reduce the price.”

Li Zhaoji frequently challenges Li Jiacheng, which shows that Henderson's strength is not shallow.

On June 5, 1993, Li Jiacheng and Rong's launched an offensive to acquire Miramar Hotel, which caused a strong reaction from the stock market, and Miramar's stock price soared immediately.

Miramar Group was created by Yang Zhiyun, a wealthy businessman from Zhongshan. After Yang's death, the group was managed by his son. After 1989, the tourism industry was sluggish, and Miramar Hotel's business was slow. It was not until 1993 that it turned into a profit.

Li Jiacheng has always been known for his good timing. The tourism industry is booming, but Miramar has not yet fully recovered, and the Yang brothers are at odds, so Miramar has become a coveted prey. At that time, there were a lot of coveters, and when they learned that Li Jiacheng intended to annex them, they all backed away and did not dare to compete with him.

Li Jiacheng, a veteran of Miramar's takeover battle, is like a fish in a pond. But even if it is a fish, it will jump a few times when the fishing net is covered. Yang Zhiyun’s eldest son, Yang Bingzheng, rejected the acquisition of Li and Rong. The bottom line is very different.

Yang Bingzheng approached Li Zhaoji, chairman of Henderson Land Development, and begged Uncle Li to save his old friend's son when he was in trouble.

Li Zhaoji and Li Jiacheng are old friends Guigui (old friends), they have been working together in the business field for a long time, and this month, they launched the high-end real estate property "Jia Zhao Terrace", including their names, they are like brothers and sisters.

In the past, Li Jiacheng's acquisition of British capital Hutchison Whampoa and HK Electric was portrayed by some articles as a "battle of the nation", "improving the aspirations of Chinese people", and "a contemporary national hero". After seeing this, many senior financial professionals chuckled: "If this is the case, Li Jiacheng's acquisition of a British-funded company is a national feat, so what is the acquisition of Chinese-funded Miramar?"

Li Chaoren's invincible momentum was blocked in front of Li Zhaoji. On June 20, Miramar resumed trading on the Stock Exchange, and Li Zhaoji acquired about 30% of the shares that Yang Bingzheng gave up at a price of 17 Hong Kong dollars per share.

In addition, Li Zhaoji absorbed a minority of shares from other shareholders, and Li held 34.8% of the shares of Miramar, becoming the largest shareholder of the group. The management of Miramar is still in the hands of Yang Bingzheng.

Li Zhaoji "snatched love", Li Chaoren immediately counterattacked, and also offered 17 Hong Kong dollars, but the shares he held were far from enough to control Miramar.

The two sides are in a stalemate, neither advancing nor retreating. But the winning ticket is in the hands of Li Zhaoji. If Li Chaoren and Mr. Rong want to continue to increase the price to absorb shares, Li Zhaoji will retaliate in kind.

The battle of Miramar launched by Li Chaoren and Rong Gongzi, to say the least, did not come true. Li Zhaoji became famous for this.

The battle of Miramar declared that Er Li's "honeymoon" has become history. In the summer of 1995, Er Li faced off again in Ma On Shan, Hong Kong. They both have properties in Ma'anshan, and the two sides tried their best to launch a property sales war. This battle is not over yet, in terms of momentum, Li Zhaoji is slightly better.

Li Zhaoji broke the myth of "Superman cannot be surpassed".

China Gas Company was registered in the UK in 1862 and listed in Hong Kong through a share placement in 1960. At that time, the chairman of China Coal was the chairman of Wheelock, Yoo Madden, and the four directors were the chairman of Hutchison Matheson, Chi Tak-zun, the chairman of Junyicang, Kou Cha, the Lee family, Li Mingze, and the Lee family, Li Fushu.

In 1954, Hong Kong's economy began to explode, and the business of China Gas was also favored by the capital tycoons, so Wheelock & Co., one of the four major foreign firms in Hong Kong, successfully acquired China Gas. So China Gas entered the era of Wheelock.

However, later Wheelock had internal conflicts, so two outstanding Chinese businessmen, He Tingxi and Li Mingze, bought China Gas Company.

Li Mingze is a man of great background. His father is Li Xizhen, who is known as the King of Public Tobacco in Hong Kong and the largest landlord in Causeway Bay, Hong Kong. His assets used to be similar to that of Ho's.

After the 1970s, the population of Hong Kong skyrocketed, and the gas business became the mainstream and a lucrative business. Therefore, Jardine Matheson, the largest foreign company in Hong Kong, decided to join hands with the Hong Kong Electric Company to acquire China Gas Company.

Needless to say the strength of Jardine Matheson, the business involves many industries.

The Hong Kong Electric Company is also one of only two power companies in Hong Kong.

He Tingxi and Li Mingze believed that they did not have the strength to fight against Jardine Matheson and Hong Kong Electric Company, and worried that they would lose their controlling stake in the company.

So they found Li Zhaoji, who had already dominated the Hong Kong business circle at that time.

Li Zhaoji agreed to help, and then he bought 200,000 shares of China Gas Company in the market, and then Li Zhaoji continued to increase his holdings, successfully defeating Jardine Matheson and Hong Kong Electric Company.

At that time, Li Mingze was old, so in 1983, Li Zhaoji was successfully elected as the chairman of Hong Kong China Gas Company, and China Gas became a subsidiary of Henderson Land.

China Coal is the only gas supply monopoly company in Hong Kong with stable income. Li Zhaoji successively sold China Coal's profits and shares to cash out for the real estate industry.

Li's weight loss caused China Coal's share price to fall. At the beginning of 1986, it was only thirteen Hong Kong dollars per share. Liu Luanxiong took advantage of the low price.

In October, Liu Luanxiong bluffed and wanted to acquire China Coal. According to the strength of the two, it is impossible for Liu's Aimigao to acquire Li's China Coal.

Amergo is still a small company, and behind China Coal is Li Zhaoji's huge business empire. In order to buy China Coal, the Liu family needs to use about 2.5 billion cash in order to increase the shareholding to more than 50%. Where is Mrs. Liu going to get the money?

This is a real snake eats an elephant. UU Reading www.uukanshu.com But at that time, the "notorious" Liu Luanxiong was deified by stockholders, thinking that Mr. Liu could do anything with his hands, and that any stocks that Mr. Liu had a hand in would surely rise sharply.

Li Zhaoji learned that the buyer was Liu Luanxiong, a "little snake", and told the media that he was surprised that someone would buy China Coal.

But in fact, Li Zhaoji did not dare to take it lightly, and used one billion cash to absorb the shares he had originally vomited.

The stock price of China Coal soared to HK$20 at the end of the year. If the market value of China Coal was included, it was as high as more than 7 billion at this time. This means that if the Liu family wants to succeed in the acquisition, it will cost at least three billion yuan-this is an astronomical figure for the Liu family.

The smart Li Zhaoji did not talk to Liu Shi, and bought Liu Shi's shares at a high price, so that Liu Shi "succeeded" and asked for money to withdraw. The shrewd Liu Luanxiong didn't expect Mr. Li to show "kindness". He sold 8 million shares at a high price of 20.2 Hong Kong dollars in mid-December, and then successively sold them while taking advantage of the high prices. In the second half of the year, Liu's Entertainment made a profit of 60 million Hong Kong dollars in securities trading, the bulk of which came from sniping China Coal.

The Liu family did not make a public announcement, and Jing did not formally purchase it, but achieved the purpose of driving up the stock price and making huge profits. The Liu family's "stock market killer" became more famous, and even a business giant like Li Zhaoji dared to kill him.

Although Li kept China Coal, it cost a lot of money to absorb it when the stock price was soaring.