Reborn Tycoon Rise

In the town of Farmington, Xu Zhi stayed for another week and met with the eight board members of Huberline. However, there was no in-depth negotiation. He just discussed some development directions of the company and also discussed the price. They tried to test them, but they were just official polite words. In the end, no one could fool anyone.

During this period, Xu Zhi also met with labor unions and local government officials. Goldman Sachs also sent a team. After signing a confidentiality agreement, the entire team entered Huberline's financial department and conducted a comprehensive financial review.

This is an inevitable process of acquisition. Only after the liabilities, specific business plan, and fixed assets evaluation of the other company are determined, the two parties will conduct further negotiations on the price.

At the same time, this acquisition is different from the previous ones. The previous acquisitions were all mergers and acquisitions required for strategic development. In order to get an early start, some marginal interests could be retreated. However, this acquisition is not necessary. Xu Zhi naturally cannot No matter how easy it is to talk, the Goldman Sachs team must try their best to keep the price down before he will sign the acquisition agreement.

Leaving behind two Xiangjiang Chinese who were proficient in English and had management experience in large companies, Xu Zhi and his party immediately returned home and returned to Xiangjiang.

Time has almost entered September. China and the UK have gone through more than ten negotiations. The content released after each negotiation shows better news. However, the current stock market and local market in Hong Kong are still in a sluggish state. After all, without signing With real contracts, most people's minds cannot settle down, but those who are truly discerning have already begun to become active in the capital market, waiting for a new harvest.

At present, in Hong Kong, only Xu Zhi's companies are carrying out major construction projects. After more than half a year of construction, Hutchison Whampoa's 2 million square feet (200,000 square meters) of land in Hung Hom has eight office buildings in the first phase. The foundation has been completed and a large number of workers are busy building high-rise buildings.

In a rectangular area near the sea, the prototype of a large commercial plaza has emerged. This will be the second largest shopping mall in Hong Kong after Harbor City, and the new commercial center of Hutchison Whampoa Group - Whampoa Plaza.

On the coast in front of Huangpu Square, a new pedestrian port has been formed, with berths extending to an area of ​​20 meters from the sea. In later generations, this area was reclaimed by the Hong Kong government, but Hutchison Whampoa will certainly not let this happen now.

Also constructed at the same time were the headquarters buildings of Midea Company and Cheung Hing Company next to Whampoa Plaza, Times Square in the Causeway Bay Commercial Center, Berth No. 7 of Kwai Chung Pier, and the Tin Shui Wai residential project 30 kilometers away.

"Hey, is this sand table good?" As soon as Xu Zhi stepped into his office, he discovered that there was a sand table model in the center of the room, with an empty area above it. At the same time, there were factory models and residential models in the northeast corner.

Wang Liming followed behind and said with a smile: "What does the chairman think?"

"Not bad, not bad." Xu Zhi walked half a circle around the sand table and praised: "The entire Tianshuiwei area is so large. Although I have been there several times, I can't always match some locations in my mind. Now that we have this sand table, it is indeed much more convenient. Just like a bird picture. "

Wang Liming said with a smile: "I commissioned Cathay Pacific's helicopter to take continuous aerial photos of the entire Tin Shui Wai for three days. I also invited several masters of sand table making to create this sand table based on the photos. It took a month. It's real. The accuracy is definitely over 99%.”

"It's quite convenient." Xu Zhi smiled: "Well, let these people build models of the entire Hong Kong Island and Kowloon area and put them in my office."

"The entire Hong Kong Island?" Wang Liming was startled and said, "Chairman, this workload is too great. I'm worried that the speed of these man-made models cannot keep up with the reconstruction speed of Xiangjiang Tower."

Xu Zhi smiled and waved his hands and said: "As long as the shape is made according to the proportions, and I only value each building, the proportions cannot be wrong. Other buildings, parks, residential buildings, etc. don't matter.

The requirements are not that high, as long as it looks almost the same to me, including your Tin Shui Wai sand table, the accuracy should not be too low, it is not necessary if it is too high. "

"Okay, I understand." Wang Liming agreed with a smile.

Xu Zhi nodded and laughed: "Then try to hurry up. Once the model is built, we can see at a glance how many buildings are ours in the entire Xiangjiang. It would be so cool to see them every day. "

After acquiring Land, Xu Zhi acquired more than a dozen Central buildings, plus the buildings held by Hutchison Whampoa and previously acquired by Evergrande. After the Exchange Square is built, it is estimated that more than 20 buildings in Central alone will belong to him. Moreover, most of these buildings are close together and connected by glass sky bridges, becoming the core commercial area of ​​​​Hong Kong.

"Sit down." The two came to the edge of the sofa, and Xu Zhi asked: "What important matters are there at Evergrande?"

"Chairman, I came to you today for two things. The first one is that the first batch of residential buildings in Cathay New City in Tianshuiwei have almost been developed. According to Xiangjiang law, it is time for pre-sale. However, at present The real estate market has not yet recovered, and we don’t know when the Sino-British negotiations will be completed. It seems uneconomical to open the market now.

But the problem is that Cathay Real Estate is our flagship property, with more than 3,000 residences in total, and the amount of investment is not small. In order to take care of those long-term unemployed workers, we did not require Party B’s construction company to advance funds. In addition, Evergrande has acquired the former Jianing Center and is also responsible for the Times Square project. Funds are already very tight, so I would like to ask the chairman, what should we do? "

"Then what do you think should be done when funds are tight?" Xu Zhi did not answer directly. Instead, he asked that the question was not complicated, but Wang Liming did not have the power to decide what to do.

"According to the requirements of the chairman, we need to hold the Times Square project for a long time. Naturally, it is impossible to sell the Evergrande Center (formerly Carnegie Center). If we want to cash out the funds, we can only sell the real estate in Tianshuiwei." Wang Liming The answer has obviously been decided a long time ago.

"So be it!" Xu Zhi said with a smile: "Even if the Sino-British negotiations are over and everything goes in a good direction, housing prices cannot skyrocket. Since there are difficulties in financing, things like housing Take action when it's time to take action.

Besides, if house prices continue to rise in the future, you can’t just sit on this property forever! We still have a huge amount of land in Tin Shui Wai, and this one property is just a drop in the bucket. "

In the real estate market, not all real estate companies like to hoard land, especially small real estate companies. The process of hoarding land can indeed make money as land prices rise, but the money earned by hoarding land alone is dead. Liquidity, while real estate companies take the route of leveraged financing, rapid development, rapid return of funds, and rapid entry into the next project. Because of leverage, as long as housing prices continue to rise, the money earned is far more than hoarding land.

Generally speaking, the reason why real estate companies hoard land is that the location and area of ​​the land they hold are very good and short-term development is not cost-effective, or the company has limited funds and cannot develop several properties at the same time, or it knows the future land price and decides Delay development.

Of course, Xu Zhi also knew the future land prices, so he bought Tian Shui Wai with sole proprietorship. But it was impossible to hoard such a large piece of land until the mid-1990s when housing prices were at its highest and then develop it all at once, right?

In order to increase the flow of people in Tin Shui Wai, we can only rely on low initial prices to attract people, and eventually realize the development of the entire new town.

"Okay, I will announce the opening of the property immediately tomorrow." Wang Liming said with a smile.

Xu Zhi suddenly thought of a question and said: "By the way, first ask the nearby factory employees to see if they are willing. Forget it if they are not. We will not force it. If they are willing, it will be better to sell to them."

"No problem." Wang Liming assured and asked another question: "Chairman, one more thing, Hong Kong Electric Group's new thermal power station on Lamma Island has been completed, and the entire power plant will be relocated soon.

As for the current location of the old power plant, after we take it back, should we develop it into real estate? "

"I know that piece of land. The location is good, but it is not suitable for office buildings and has no long-term value. Then let's make it residential!" Xu Zhi thought for a while and said, the land left by Hong Kong Electric is actually The later-famous Haiyi Peninsula is one of the famous top real estate projects in Xiangjiang. Located on the southwest side of Hong Kong Island, across the sea from Lamma Island, it is a sea view room. It is less than 10 kilometers away from the Central business district. There are also many famous scenes in the surrounding area, such as Ocean Park, Pok Fu Lam Country Park, etc...

The nearby environment determines that this land is only suitable for residential projects.

Wang Liming said: "I think so too. This piece of land is large enough and in a good location, but it's still the same problem. Evergrande doesn't have enough funds, so it's a bit difficult to develop it."

"Let's do this. Evergrande will develop this project with Hutchison Whampoa. Evergrande will provide the land and Hutchison Whampoa will contribute the money to develop it together. As for how much to invest and how to distribute the income, you will discuss it internally." Xu Zhi said after thinking for a while, In Xiangjiang, when local real estate companies have land but no money, the most common method is to introduce foreign capital. Although profits must be shared to a certain extent, this is also a channel to increase their own resources. Only by the early return of funds can they carry out more profitable projects in the future. invest.

What's more, Hutchison Whampoa is also its own company. Although it is also carrying out several large-scale investment projects at the same time, it still has some spare funds. Adding an initial development of a residential project is not a problem at all.

"Okay, then I'll go find Ma Shimin. After this project is completed, Evergrande's funding problem should be solved." Wang Liming said with a smile.

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