Reborn Tycoon Rise

"Loan in U.S. dollars?" Chen Songqing frowned. He understood what Xu Zhi meant. The other party obviously did not want to bear the handling fees in the foreign exchange exchange process.

Although Hong Kong had free foreign exchange in the 1980s, anyone could exchange Hong Kong dollars for foreign currencies, but a certain handling fee was required. It didn't matter if the amount was small, but if the amount was large, the handling fee was also a lot of money.

Bao Fuda said: "Xu Sheng, this is Xiangjiang, your bank is from Xiangjiang, and our company is also from Xiangjiang. Isn't it strange to use US dollars?"

"Then there's no other way. Bank of East Asia has no money. If you two can't accept it, you can try other banks." Xu Zhi shrugged.

"I agreed." Chen Songqing agreed. The foreign exchange conversion of 2 billion Hong Kong dollars required tens of millions of Hong Kong dollars in handling fees, which was quite a lot, but it was nothing compared to the preferential interest rates provided by the Bank of East Asia.

Xu Zhi nodded, smiled at Bao Fuda and said, "What do you think, Mr. Bao Fuda?"

"Does Xu Sheng have any other requests?" Bao Fuda asked.

"Absolutely not." Xu Zhi shook his head and smiled.

"Then Real Estate can also agree." Bao Fuda nodded and said.

Xu Zhi stood up, stretched out his hands and smiled: "Then I wish us a happy cooperation."

…

After Chen Songqing and Bao Fuda left the Heshi Building, Xu Zhi called He Guoyuan and Wang Liming to briefly repeat the cooperation with Land Carining.

Wang Liming asked: "Chairman, why do you want to borrow in US dollars? Although Bank of East Asia currently has insufficient funds, it can absorb enough Hong Kong dollar deposits as long as it waits for a while. Negotiations between Land and Hilton Hotels are expected to take a long time. Not to mention the subsequent demolition of buildings and garbage clearance, which would be impossible to complete within a year and a half. The bank has enough time to prepare this amount of funds."

"You don't have to worry about it, I have my own plan." Xu Zhi shook his head and smiled, then asked He Guoyuan: "Can Midea raise US$400 million?"

"If it's 400 million U.S. dollars, we need to invest in some stocks of American companies." He Guoyuan replied. Only last year in 1980, Midea's profits exceeded 400 million U.S. dollars. Adding in the profits of previous years, the amount on the account More than a billion dollars in cash have been accumulated.

But these funds cannot be placed in the bank to earn interest. Except for a part that was mobilized to help Evergrande acquire Hutchison Whampoa and Hong Kong Electric in 1979, the other funds are all in overseas accounts.

According to some suggestions given by Xu Zhi, all the profits were used to set up an investment fund and purchased some stocks of some European and American companies in the U.S. stock market. The annual growth rate and dividends of these stocks were very good, which also made the company's Revenue has increased significantly, and now, for the entire Midea company, financial investment income has accounted for 30% of the company's total profits.

"This is not a good deal." Xu Zhi frowned and thought deeply. Not only was the cash on Midea's account, but also the funds from the gold futures, in addition to the acquisition of Mack Trucks and RCA TV businesses, there were also hundreds of millions of dollars in balance. All of these funds were used by him. Hidden in overseas funds, it invests in batches of some well-known traditional companies in later generations, such as Coca-Cola, Wal-Mart, Pepsi-Cola, Nokia and other companies.

Although these stocks cannot compare with the future growth of high-tech companies such as Microsoft and Cisco, they are better because their current market value is high enough and their capacity is large, and they can easily hold hundreds of millions or even billions of dollars.

Wang Liming said: "Chairman, if you must lend U.S. dollars to Landmark, I have another way. Several of your companies are major customers of Citibank in the United States. The manager of Citibank's company in Hong Kong once hinted that I can lend it to Landlord." What do you think of our low-interest loan?"

"Low-interest loans, you mean we borrowed money from Citigroup and then loaned the money to Land? Then we made a profit on the difference?" Xu Zhi asked with a frown.

Wang Liming nodded and said, "That's right. However, although President Reagan began to cut interest rates after taking office, the interest rates in the United States are not much lower than those in Hong Kong. If you follow what I said, you can only find funds, but it will be difficult to make much money."

"Okay, then you go and contact me, as long as you don't lose money." Xu Zhi nodded in agreement. The purpose of insisting on lending US dollars to Land is to cheat him in the future when the Hong Kong dollar plummets. The current US$400 million is worth 2 billion Hong Kong dollars. By the second half of 1983, it will be worth 3 billion Hong Kong dollars. One after another, Land and Carin It will suffer a loss of more than one billion Hong Kong dollars in exchange rate, and due to mutual guarantees, after the bankruptcy of Carinland, Land will have to bear all the debts.

"Okay, then I will contact Citibank immediately." Wang Liming nodded and said.

Xu Zhi said: "There is another thing. Starting today, I need you to slowly acquire the shares of Land and Jardine in the stock market. This is not urgent. Don't let them find out. After Wharf, Jardine People become particularly sensitive."

Wang Liming said: "Xu Sheng, Jardine and Land have completed mutual control. Each party holds close to 40% of the other party's shares. No matter how much money we have, it will be difficult to force the acquisition."

"Then do you think there is any way to break this mutual control?" Xu Zhi asked with a smile.

Wang Liming thought for a moment and said: "It is almost impossible to defeat this trick in the stock market. The only way is to start from the legal side and abolish this chain structure. However, it is feasible as long as the law does not prohibit it. The Xiangjiang Court may not adopt this opinion. "

"This can only be said to be a possibility." Xu Zhi nodded and said with a smile: "There is another way, which is that Real Estate becomes insolvent. Then this move by Yihe Mutual Control will be the end of the entire Jardine Group."

"Insolvent?" Wang Liming thought for a moment and asked: "The chairman means that as long as house prices fall, Land will become insolvent. But if we bet wrong, or if the price falls too late, Land will instead withdraw from the Hilton Hotel." If you make enough profit from the project, what should you do?”

"Then it can only be said that Landmark's fate should not be cut off." Xu Zhi smiled and said: "But we can also help. You arrange for someone to contact the person in charge of Hilton Hotel in Xiangjiang and tell them that they must insist on protecting their company. The longer the time, the more benefits he can get."

"I understand." Wang Liming nodded and said.

…

A week passed in a blink of an eye. Under the arrangement of the lawyers of both parties, Landmark and Hutchison Whampoa reached an agreement on the transfer of the Hilton hotel property. Since the three parties were all listed companies, a grand press conference was held.

Land and Carin formed a joint consortium to acquire Hutchison Whampoa's Hilton hotel property in Central for HK$2.7 billion. After the transaction is completed, the Hilton hotel will be demolished and the tallest building in Hong Kong will be built on the original site.

The news shocked the whole of Hong Kong. The stocks of Land, Carin and Hutchison Whampoa skyrocketed, pulling up the entire Hong Kong stock market. The huge transaction price also injected a shot in the arm into the entire real estate market.

At the reception, it was said that he was basically attracted by Chen Songqing's bright light. Taking this opportunity, he hyped up Jia Ning's future investment plans with the intention of further increasing his company's stock price.

Xu Zhi did not participate in this press conference because an important guest came to Heshi Building in person.