The birth of the Hong Kong Island family
Chapter 245 [Small trend change]
Spring and sunshine.
On this day, the "Yibozhou Yacht Club" was officially established, attracting hundreds of Lin Zhichao's friends to help out.
Iron Bozhou Yacht Club was originally intended to be called "Hong Kong Yacht Club", but it is only one word away from "Royal Hong Kong Yacht Club", which is easy to confuse. Therefore, Lin Zhichao simply named it "Tiebozhou Yacht Club" to show that there was no other meaning in it. This yacht club was only for Lin Zhichao's circle of friends.
Tiebo Island is an offshore island located between Deep Water Bay and Repulse Bay. The area is not small, but it is not suitable for living. The overall investment in the yacht club is 4 million Hong Kong dollars, including investment in land, club buildings, yachts, etc. .
The 'Tiebo Island Yacht Club' has a professional yacht repair and maintenance team, and the club has servants to provide catering, entertainment and other services; the membership fee is HKD 20,000, and the annual membership fee is HKD 3,000.
The overall price is still very high, and it is not affordable for ordinary people.
On the opening day, hundreds of guests came to support Lin Zhichao. They were all friends Lin Zhichao knew well, including friends from the real estate industry, banking industry, industry, shipping industry, politics, etc. He also specially gave a meeting to his core senior management. Citizenship is also a very big benefit.
Lin Zhichao took everyone to visit the two-story club building and ten yachts belonging to the club. Everyone was very curious and enjoyed the visit.
Although there is a "Royal Yacht Club" in Hong Kong, it is actually mainly played by the British, and they all have a high proportion of sailing boats.
"Everyone, the European and American yacht industry has developed rapidly since World War II. According to statistics, more than 10,000 boats can be sold a year, with a total value of more than 200 million US dollars. About 70% of them are small motor boats and sailing boats with wooden structures, and a small amount are aluminum alloy structural motorboat."
"So I introduced this yacht entertainment method to Hong Kong. It is definitely a new experience to drive a motorboat to have a wine party, go fishing, and play cards with friends on the sea."
After hearing Lin Zhichao's introduction, everyone had questions!
For example, Mo Yingji, a friend I made recently, asked with great interest: "Lin Sheng, how much does a yacht like this cost? After buying it, will there be someone from the yacht club to help take care of it and maintain it?"
He is a person who likes to enjoy things very much. After the stock market closes at noon, he likes to enjoy delicious meals, massages, etc. He often invites friends to entertainment venues and private clubs in Wan Chai. He is a good socializer.
Lin Zhichao smiled and said: "A yacht only costs between 100,000 and 200,000 Hong Kong dollars. Since our place is called Tiebozhou Yacht Club, we naturally provide various services. If you are interested in yacht life later, you can inquire The staff, they are all professional.”
Everyone was very excited, but Lin Zhichao didn't want to sell memberships or anything, lest some people don't want to do it and lose face.
In fact, even as his private club, Lin Zhichao can afford it.
But obviously, good things must be shared.
Next, many people took advantage of the fact that they were all here, so they boarded the yachts in the clubhouse one after another and started strolling around.
Lin Zhichao bought ten yachts for the club, not including his own two large and small yachts.
These yachts can be rented by members, and the price is actually very cheap. This is mainly because many members want to experience them first or use them sparingly, so they provide services.
"Lin Sheng is worthy of being the king of ships. His information channels are much ahead of ours. We stay in Hong Kong. How could we know that yacht life has become popular in Europe and the United States?" someone praised after experiencing it.
"Where is it? It's just that I often travel abroad and discovered it by accident!"
In fact, in the 1960s in my previous life, yachts were also popular in Hong Kong and Taiwan.
Today, Lin Zhichao is just introduced to the Chinese circle a few years in advance.
On that day, the person who applied for the membership scared Lin Zhichao, and sold a total of 92 memberships; together with the membership fee of the year, he collected more than 2 million funds.
In fact, everyone is really yearning for the yacht life, not just to give Lin Zhichao face. After all, the guests who can come today are all people of high status, and they will not easily pay huge sums for the sake of face.
On the contrary, those who needed to curry favor with Lin Zhichao were very few invited today.
Time flies and it’s May in a blink of an eye.
On this day, the groundbreaking ceremony of the Yingzhi Building at No. 9 Zhaolong Street was held. Lin Zhichao invited some relatives and friends to attend, but he did not publicize it to any great extent.
The final height of the Yingzhi Building is designed to be 22 floors, similar to the Ginza Building. Each of the five floors at the base has an area of 10,000 square feet, while each floor above has an area of just over 8,200 square feet.
At the same time, the basement and three floors above ground are still designed as shops, changing the original idea. During the building design process, new ideas are always born, so this is normal.
After the groundbreaking ceremony, a simple wine party was held, and everyone congratulated Lin Zhichao for starting another commercial project.
During this period, Lee Shau-kee, who was invited, said humbly: "Lin Sheng, I also plan to enter the real estate industry through a joint venture with my friends recently!"
Although it was not a question, his eyes seemed to be asking for advice.
Lin Zhichao said calmly: "This is a good thing! Who are your collaborators?"
Lee Shau Kee actually named seven people in one breath. Isn't this exactly the same experience as in his previous life?
By the way, Lee Shau Kee's net worth has been around HK$5 million since he opened the factory for so many years, and the factory continues to provide funding, earning nearly HK$1 million every year.
Lin Zhichao said: "Brother Zhaoji, this is for stability! With your financial strength, it is not a problem to develop a project independently, right?"
Lee Shau Kee said: "Yes. However, by working with friends, we can learn from each other's strengths and offset our weaknesses, and this kind of cooperative company is a separate cooperation for each project. If there is an opportunity, I also plan to purchase a site as a sole proprietor."
Lin Zhichao patted him on the shoulder and said, "What a great idea!"
Not to mention, the Yong Yip eight-member group has been formed, and the Sun Hung Kai trio will also be formed later. Lin Zhichao didn't change many things. At most, it was that Lee Shau Kee had the strength to buy a real estate alone.
In fact, Lin Zhichao has changed a lot.
For example, in the previous life, the low point of real estate was only one year. In this life, it is half a year earlier, and the time will reach the low point of one and a half years (1957.6~1958.12). This has also led to the bankruptcy of many small and medium-sized real estate businessmen, which is much more serious than in previous lives. Many people just bought their first land with a loan and found that they could not sell off-the-plan properties, or could not sell them, and ended up losing money.
In order not to change Hong Kong's real estate too much, Lin Zhichao invested all his funds in commercial real estate developers. There was no residential project this year. Even when real estate recovers next year (1959), Changjiang Real Estate only plans to sell two or three properties. .
Take your time, don't let it go bad all at once. By then, Lin Zhichao won't even know how to play!
For example, if the Yangtze River Industrial Group's 120 million funds are allocated to Yangtze River Industries, it will directly change the real estate industry.
Of course, what changes is still the small trend, but the general trend cannot be changed. Because the general trend in Hong Kong can only be caused by political factors, international events and other reasons.
Hong Kong's annual investment in real estate is more than 700 million, so even if Lin Zhichao injects 120 million, there may not be much change.
Of course, when it comes to developing real estate, Lin Zhichao still reduces his investment, mainly investing in commercial real estate.
In the last wave of real estate, Yangtze River Real Estate made a profit of HK$100 million, plus about HK$20 million in land withdrawals, which equals HK$120 million. The cost of the four Central buildings is more than HK$45 million, and the Miramar Hotel (including shopping malls) and decoration fees) is less than 40 million, and the Sing Tao Department Store is less than 8 million. The nearly six commercial projects have already cost about 95 million in construction fees and taxes.
The remaining 25 million yuan can only be used to buy ten sites.
Of course, the construction costs do not need to be paid out immediately, and the Yangtze River Industrial Group can also inject funds at any time, so there is no need to worry about funding issues.
As for the issue of loans, Lin Zhichao had not even thought about it since there was no listing and no urgently needed investment projects.
Queen Mary Hospital a week later.
After more than an hour of hard work, Xu Caiying almost gave birth to a son. The reason why I am surprised is because this baby is more than two weeks early than the due date. He is the only child in the Lin family who is two weeks early.
Fortunately, everything went very smoothly. After all, Xu Caiying had given birth to two children naturally, and the third one would not cause any major problems.
In the delivery room, Lin Zhichao touched Xu Caiying's hand, while Tang Caiyun took care of the child.
Every time one of the two sisters gave birth to a child, the other one would take full care of her in the hospital, leaving Wu Wenying to look after the family. As for Lin Zhichao, he still focused on work and making money.
"The mission is completed, thank you for your hard work!" Lin Zhichao said sincerely.
It's not that he must let Xu Caiying have a third child, but the family industry has needs. Global Shipping will be upgraded to "Global Group", and its business will also cover sea, land and air, including: shipping, aviation, logistics, ports, real estate, etc. It can be said that its scale will be huge in the future.
For example, Wharf will definitely be acquired in the name of Global Shipping in the future, and it will immediately become a real estate giant, but it will not be involved in the development of real estate; in the field of commercial real estate, Global will always invest in some projects in the future, after all, there will be idle funds when landing.
Moreover, the landing of Global Shipping does not mean giving up shipping. It will still maintain a "huge" fleet, but it may be reduced by half or two-thirds; when the cycle comes again, investment will be increased.
Therefore, in such a huge industry, Xu Caiying only has one son and one daughter, which is really a bit thin. Now that I have given birth to a son, it is more ideal.
When Xu Caiying heard Lin Zhichao's gentle voice, she became less complaining about her younger son. She was tired of tormenting her today, and she was also worried.
"Well, as long as this kid is healthy, I've been so worried these past two days!"
In this family, it would be a very bad thing to give birth to an unhealthy child.
In fact, she was completely overwhelmed. It was normal for her to be born half a month early, not even premature (more than a week away).
Tang Caiyun said with a smile: "Worry about me, I'm in good health!"
Seeing her husband, sister, and youngest son, Xu Caiying smiled comfortably.
So far, Lin Zhichao's career finally has at least one heir. Why do you say this way?
for example:
Tang Caiyun has three sons and one daughter: Lin Ruihuan (1949), Lin Ruijiang (1951), Lin Ruikai (1954), and Lin Huizhu (1957).
in:
Lin Ruihuan will be in charge of "Cheung Kong Industrial Group" in the future, including the acquired subsidiaries Hutchison Whampoa, Hongkong Electric and other businesses;
Lin Ruijiang will be in charge of the "Changjiang Industrial Group" in the future, and will be responsible for the development of industry and technology industry in the future;
Lin Ruikai will be in charge of the 'media group' in the future. Although there is no development yet, Lin Zhichao already has a plan;
Lin Huizhu can only take hotel shares, or clothing brands.
Xu Caiying has two sons and one daughter: Lin Ruihai (1952), Lin Wanzhu (1955), Lin Ruicheng (1958)
Lin Ruihai is responsible for shipping, aviation, logistics, and ports (only Wharf’s port shares);
Lin Wanzhu can only get hotel shares or clothing brands.
Lin Ruicheng is responsible for the management of Wharf Group and the commercial real estate projects of Universal Group.
This is probably the plan. In fact, it still depends on whether the children are "talented." Even if they are capable, they can only serve as Lin Zhichao's assistant and slowly rise to the top; in fact, Lin Zhichao will also train his grandchildren.
In terms of shares, Lin Zhichao will more often adopt the "father and son trust fund" model for handover.
Of course, these are just corporate layouts. The Lin family will also have a "family office", "family trust fund", etc. in the future. These are the wealth that Lin Zhichao will manage until his death. These wealth include 'investment in global stocks', 'investment in antique calligraphy and painting', 'investment in luxury homes', 'investment in gold, jade and jewelry' and other series of wealth.
Generally speaking, the Lin family's wealth will be dispersed because it is too huge.
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