The birth of the Hong Kong Island family

Lin Ruihuan walked into the chairman's office and reported on his work.

"Father, last week we, Cheung Kong, signed a development agreement for the Mong Kok Center Building with Hang Lung, Henderson Land, New World, Land, and MTR Corporation. We hold 10% of the Tsim Sha Tsui Commercial Center. The foundation stone has been laid and construction has begun. It will be in Completed in the second half of 1981"

Lin Zhichao was thinking about more things while listening to his son's work report.

The Mong Kok Center Building is a property development right above the MTR station. Once it was launched in the early 1980s, it would probably be very expensive because at that time, it was the most highly speculated building in Hong Kong.

There are two examples in previous lives: the first is that the Golden Gate Tower was valued at just over 700 million in 1978, and by the end of 1979 it had reached 1 billion. In the early 1980s, it was once as high as more than 1.6 billion (but no transaction was actually completed); the second One day, Li Jiacheng speculated in buildings and purchased two buildings - Federal and International - from Wheelock for just over 1 billion. Less than a year later, the two buildings were sold by Li Jiacheng for 2.3 billion. That year, the Changshi Group The non-recurring profit is as high as 600 million (the joint venture with Wheelock accounts for half of the equity).

Even Lin Zhichao is excited about building speculation. However, if he is speculating in buildings, he will definitely not speculate on existing properties. After all, no matter how high the short-term benefits are, they are not as high as the long-term benefits. What's more, he is not short of money, so how can he 'sell off the property'.

"By the way, I heard that the land in East Tsim Sha Tsui has increased significantly?" Lin Zhichao asked.

"Yes, it is now around 10,000 Hong Kong dollars, which has increased four times from two years ago."

so amazing!

In early 1977, when the Cheung Kong Group auctioned land in East Tsim Sha Tsui, the price was only over 2,000 Hong Kong dollars per square foot; within two years, the land in East Tsim Sha Tsui had reached tens of thousands of Hong Kong dollars per square foot. According to Lin Zhichao’s estimate, the land area in Tsim Sha Tsui East will reach 16,000 square feet by the end of the year.

In three years, the increase has increased six to seven times, which is not an exaggeration.

In addition to the fact that real estate in Hong Kong has been rising sharply every year, at first everyone thought that East Tsim Sha Tsui was a deserted place with zero business. However, after a few pieces of land were auctioned, everyone realized that something was wrong. The government planned to This area will be built into a commercial center and all the land will be auctioned off. Then everyone will invest, and this area will prosper very quickly!

Therefore, since 1978, land speculation in East Tsim Sha Tsui has been very high, and now it is almost reaching the ceiling.

Next, Lin Zhichao asked: "Changshi Group currently has sufficient cash flow, how do you think it should invest and develop?"

Lin Ruihuan suddenly began to think. He knew that Changshi Group had gradually "faded out" from the official land auction since the second half of last year. Every time it went to auction, it was just a show. This fully shows that my father feels that the land price is too expensive and is waiting patiently. After all, this is a long-term strategy - the lower the land, the more it is absorbed; the higher the land, the more people watch the show.

Other companies have not learned this, even Sun Hung Kai and Henderson, they have always insisted on absorbing, just to control their liabilities. As for many other real estate companies, they just like to chase when the land price is high. On the contrary, when the land price is low, they are afraid that it will fall to worthless, so they dare not take action; or they run out of bullets when the land price is high. When land prices plummeted, it was no longer possible to buy the bottom.

All in all, this aspect is really challenging!

"Father, last year Cheung Kong Group made a profit of HK$505 million (more than HK$180 million from just two subway stations), setting a new record; and this year, property prices have risen sharply and are expected to continue to increase. Currently, Cheung Kong Group's accounts The cash flow is about HK$700 million, and it also holds 2.5 tons of gold spot and has a profit of more than 20%. I am wondering whether the Cheung Kong Group should be allowed to buy the New Territories land and land exchange rights from Victoria Harbor Real Estate."

Victoria Harbor Investment and Victoria Harbor Real Estate are father's private investment companies. Their sons don't know the specific situation, and even their mother doesn't know much about it. However, his father had told him about the land reserves held by Victoria Harbor Real Estate, as well as the senior management of Cheung Kong Holdings.

After thinking about it for a while, Lin Zhichao said: "That land is not urgent. I plan to have Changshi Group sell its shares in Amazon Commercial Real Estate to Universal Group in the early 1980s. The funds recovered will almost be enough to pay for the land."

That batch of marketable securities is expected to be worth more than US$1.2 billion by the early 1980s. Cheung Kong Group's 20% equity is worth about US$250 million; and Lin Zhichao's approximately 2.2 million square feet of land is worth about HK$1.5 billion.

In such a three-party transaction, Universal Group actually paid 1.5 billion Hong Kong dollars; Cheung Kong Group only used an investment of more than 200 million Hong Kong dollars to earn back 2.2 million square feet of land and land exchange rights.

From this point of view, although Changshi Group is a listed company, Lin Zhichao will never treat it poorly and is still treated as his own son.

These listed companies are the first layer of defense system of the Lin family, so Lin Zhichao will also develop them well. After all, listed companies can bring reputation and influence to the family, and at the same time divert the attention of the media, making Victoria Harbor Investment and family offices low-key.

Lin Ruihuan then said: "How about investing in the securities industry? You don't need to spend too much, 200 million Hong Kong dollars is enough. March is coming, and this year's major companies will definitely have beautiful financial reports, which can drive the growth of various companies. In addition, In addition, mainland development has become an overall trend. After the market conditions of 1977-1978, it is bound to be beneficial to the Hong Kong economy. Therefore, I think the market confidence in the market has also recovered. It can be restored to more than 1800 points."

At this time, the Hang Seng Index was 530 points, but this ‘530’ index was definitely several times larger than the 530 points in 1972, and the value of the blue-chip stocks involved was several times greater.

Seeing that Lin Ruihuan could think of investing in securities, Lin Zhichao was finally satisfied. Who doesn’t invest in securities of listed companies in Hong Kong? As long as they have confidence in Hong Kong, all the rich will invest in stocks.

"Okay, you are responsible for this matter. Spend 300 million Hong Kong dollars and buy promising stocks in one month."

Lin Ruihuan said happily: "Okay! The current monthly transaction volume is more than 2 billion, and 300 million Hong Kong dollars can also drive the market."

Lin Zhichao said: "Regardless of anything else, we hold it for the long term and will not cash out in one or two years. If we drive it, we will drive it."

After chatting for a while, Lin Ruihuan went to work. He is now the acting 'general manager'. Lin Zhichao delegates power, and Huang Changhong assists him. The purpose is to let him adapt to the position of general manager, so that when he actually becomes the general manager, there will be no problems. Although Lin Zhichao has Stare.

At the end of this year, Cheung Kong should sell gold and earn more than 100 million Hong Kong dollars in non-recurring profits, which is doubling its profits. Therefore, Changshi's profit this year may reach HK$600 million. In fact, it is equivalent to having more than HK$1.5 billion in cash flow, stocks, etc., and the group's debt is still controlled at around HK$600 million.

Maintaining sufficient cash flow was very important for Cheung Kong Group in the 1980s.

In terms of investment, you should also invest in projects that appreciate quickly and can be sold at any time to avoid occupying funds for too long.

Lin Zhichao organized a meeting between Zhao Yazhi and Lin Qingxia at the Minghui Garden mansion located in Repulse Bay. As for Guan Jiahui, we will wait for another two years. Before this meeting, Lin Zhichao had already taken "precautions" with Zhao Yazhi and Lin Qingxia, so there was no collision of sparks. It might just be a little awkward at first.

Lin Zhichao sat on the sofa, looking like a gentleman, and said to the two women who were still standing: "Come here!"

Immediately, two women sat next to him, one on the left and one on the right. Zhao Yazhi looked a little shy and embarrassed, while Lin Qingxia warned Lin Zhichao with her eyes.

Lin Zhichao didn't care about that much. Two women had even given birth to a son for him, so there was no reason to run away.

He immediately hugged the two women with his left and right hands at the same time, and said domineeringly: "They are both old couples. The two sisters should meet long ago!"

Lin Qingxia immediately said: "Humph, maybe someone has no self-confidence, so he has not dared to do this. Then he deliberately asked us to give birth to a child and then made this plan, right?"

This woman seemed to be protesting, but also conniving, with a hint of 'dominance'. This kind of domineering is not "resistance to Lin Zhichao", but her domineering desire to take the initiative.

On the contrary, Zhao Yazhi's momentum was weaker. Apart from being slightly embarrassed, he didn't know what to do. Of course she has surrendered to Lin Zhichao, but she seems a little shy when two women work together with one husband.

Lin Zhichao smiled and said: "I don't need to be so careful! Before you are twenty, you may still think of resisting me, but after you are twenty, you will not resist me at all. Am I right, Qingxia ?”

A trace of discomfort flashed across Lin Qingxia's face, because this man was telling the truth. Once she goes to bed with this man, a woman will only fall deeper and deeper. It is a kind of dependence that touches the depths of her heart. During the two years since she went to the United States, she complained and scolded her behind her back, but she never considered leaving.

"You're so proud! Sister Zhi, how do you know each other?" Lin Qingxia quickly took the initiative and became familiar with Zhao Yazhi.

Zhao Yazhi is also willing to get close to Lin Qingxia. She knows that only by uniting together can they win more time for this man.

"When we first met when I was working as a flight attendant at JAL, he lied to me that I could be a star, but he tricked me into becoming an assistant. Then, things happened. Qingxia, how did you meet?"

Lin Qingxia then said generously: "He directly used his connections to let our crew come to Hong Kong for promotion, and he took the opportunity to create a chance encounter. As you know, how can a girl refuse his charm, so I was young and ignorant, so I On board his ship.”

The two chatted about their respective stories with Lin Zhichao and quickly came to a conclusion.

Lin Qingxia said: "I understand, this man likes young people. We met him when we were eighteen years old, and then he succeeded quickly. He likes to cultivate women!"

Zhao Yazhi also said: "Yes! What a good woman you have trained. She will not cause any trouble to him or make any big news. She is loyal to him."

After the two of them finished speaking, they both stared at Lin Zhichao seriously, meaning - you should tell me, is this the case?

Lin Zhichao was sweating profusely. He had nothing to say. What the two women said was true!

He was glad that Guan Jiahui wasn't here today, but he didn't know that he just liked young people. What's wrong with that?

"It is undeniable that what you said is true to a certain extent. But as you said, I am such a charming man, but I don't have any kind of girls around me. Why now, except for the three wives I met in the late 1940s, Are you two women the only ones?"

Lin Qingxia immediately said: "This is not simple. Your three previous wives have also been with you for thirty years, maybe because of their beauty."

He didn't say the next words, which was considered as respect. After all, she was just a lover, so how could she dare to talk too much about her famous ex.

Lin Zhichao said: "Don't talk nonsense. Although they are fifty years old, they are still very beautiful." There was no blame, just a matter of fact.

"Is there such a thing?" Lin Qingxia and Zhao Yazhi said in surprise.

Lin Zhichao immediately said: "Don't you know the amazing place? Since you followed me, you have become much prettier, your skin has improved, and this place is much bigger. You rarely get sick!"

It's time to show your true skills.

Lin Qingxia and Zhao Yazhi were stunned. What this man has been saying is true. So is protein really useful?

Everyone always thought that it was just a quirk of this man. As the saying goes, they love the house and the bird, and they are used to that taste.

"We can still look beautiful when we are fifty, right?"

"No problem, definitely twenty years younger."

Soon, the two women were coaxed around by him.

Later, Lin Zhichao used his ability to make millions and said: "I will give each of you a townhouse in Repulse Bay later. From now on, you will no longer need to live in a mansion, but in a villa."

In recent years, Cheung Kong Group has strengthened the development of luxury villas, cooperating to develop villas in Shouson Mountain, and also bought the Yu family's "Yu Garden" in Repulse Bay, and later built townhouses and government buildings. A high-end residential land near Island Road in Repulse Bay was photographed on the ground, and townhouses with swimming pools were developed.

What he was planning to give away were townhouses on Island Road. There were eight units in total, divided into two rows (actually independent). Lin Zhichao has bought these eight villas at market prices. The four villas near the sea are suitable for raising four women in the future; the four villas at the back are reserved for use or rented out.

Lin Qingxia said: "Although the villa is nice, you haven't taken me out for a long time. Can't you dress up?" After speaking, she showed a playful smile.

Lin Zhichao suddenly smiled bitterly and said: "This trick doesn't work anymore! Nowadays, people can be recognized by wearing casual clothes, wearing glasses, and changing their hairstyle. So, after shopping, you can go shopping by yourself, but there is no problem overseas. I will take you with me in a while Are you ready to travel abroad?"

"real?"

The two women were overjoyed. They knew that Lin Zhichao had a big career, so they didn't force anything, but not forcing it didn't mean they didn't want it.

"Really! What's wrong with this!"

Lin Zhichao said boldly.

When it comes to coaxing girls, no matter how rich he is, he still needs to enjoy the process.

In fact, in Hong Kong, it is not a problem to accompany them to restaurants, clubs, etc. As long as he is not photographed by reporters, even if he is seen and recognized by others, it will not be a big problem. There is no scandal about the rich man!