The rise of Hong Kong's wealthy families

October 2

He Jiahao came to the 9th floor of Luohong Building in Shanghuan, where Yiren Real Estate Company is located. He was accompanied by Li Shengluo and Wei Lis. Today he mainly discussed the sale with Liu Du, chairman of Yiren Real Estate.

Liu Du naturally had to greet He Jiahao at the elevator entrance to show his respect for someone like He Jiahao who had a "famous reputation" in Xiangjiang.

"Mr. He Sheng, Li Sheng, and Wei Lisi, welcome to Yiren Real Estate Company." Liu Du said flatteringly, followed by a group of company management.

"Liu Sheng, you are too polite." He Jiahao shook hands with Liu Du.

This is a scene, everyone is carrying the sedan chair.

After entering the company, the management dispersed to work. Six of them arrived in the conference room, two of whom were Liu Du's right-hand assistants.

"Mr. Willis, let's start with you." After the six people sat down on both sides, He Jiahao took the lead and said that everyone was very busy and there was no need to chat.

"You have all read the plan of Weili Real Estate Company." Willis repeated some key points in the plan.

"The 20% shares purchased from me personally were priced at 2 yuan, which is a bit low. Can you raise the price?" Liu Du said.

With the rich man He Jiahao here, Liu Du would naturally ask for more money, otherwise he would be a fool.

He Jiahao glanced at Wei Lisi and motioned for him to handle this matter. After all, the securities company was in charge.

"Liu Sheng, the market value of Yiren Real Estate is 100 million, but the net asset value is only about 90 million. The difference is 10 million, one-tenth of the difference. It is a bit watery, and there is still a lot of debt. If it is acquired at a premium, it may be serious. Harm the interests of the low-profit real estate company.

Weili Real Estate Company just needs a listed shell, not because of the assets of Yiren Real Estate Company. There are many companies on the market that are better than Yiren Real Estate. "Weilis said without mercy.

In fact, the shell of Yiren Real Estate Company is worth 20 million, but the amount of funds required in the future is not low, so the price must be lowered in the early stage.

Of course, this 20 million did not fall into Liu Du's hands.

Liu Du thought for a while, "I disagree with what Mr. Wei Lis said. Everyone is well aware of the situation of Yiren Real Estate. You have also checked the accounts. The debt ratio is only about 40%. The company is still worth investing in. Coupled with today's real estate appreciation, the debt ratio will decrease as the company's asset value increases, and it will be more than 90 million by then."

"The market is uncertain. It may appreciate or depreciate. The real estate situation is appreciating, but no one can guarantee that it will not fall in the future. If you use trends to measure value, it will be very bad for low-profit real estate." Wei Reese said without giving in.

"Liu Sheng, according to the plan, we will let the stock price of Yiren Real Estate rise to more than 4 yuan, and then you will ship the goods. In this way, Liu Sheng will make a profit of at least 23 million, which is 25% of the current asset value of Yiren Real Estate. , I think it’s already pretty good.” He Jiahao suddenly changed the subject and said with a smile, “But I don’t like pulling strings, and buying a property with a low profit is not less than a few million. Let’s do this. We’ll give you a 10% premium and an extra 2 million. What do you think? how?"

He Jiahao didn't want to get a bad reputation for himself because of a small sum of 2 million.

"He Sheng is still bold, just do what He Sheng said." Liu Du smiled happily, now he not only had money, but also face.

Wei Lis was a little unhappy, but he calmed down after thinking that it was none of his business that He Jiahao and Li Shengluo spent more money.

But Li Shengluo didn't care, he knew that He Jiahao was definitely not going to let him suffer.

Next, they held more than two hours of discussions, including explanations of some numbers in the accounts, how to increase the stock price, when Liu Du and others would sell their shares, and many other details.

After the meeting was over and only He Jiahao and his party were left, He Jiahao said to Li Shengluo, "Li Sheng, the 10% premium just mentioned was my temporary idea, and I will pay for the extra 2 million."

Li Shengluo naturally didn't want to have any quarrel with He Jiahao because of the 2 million, so he laughed and said, "He Sheng is serious, Weili Real Estate is also my company. Liu Du didn't get 2 million just now, so he might be doing something behind his back, which is also very bad for the company." Yes, so I think He Sheng did the right thing, let the two million come out of the company's account."

"Yeah!" He Jiahao didn't force it. For low-profit real estate, 2 million is not a big amount.

Now the cooperation between the two shareholders of Weili Real Estate is in the honeymoon period, and there will not be any big problems for the time being.

He Jiahao also planned to sell all the shares of Weili Real Estate around 1981. It was not that Weili Real Estate was not worth investing in, but that he had to keep his promise.

Chairman's Office, Hutchison Building, Central

He Jiahao looked silent, as if something bad had happened.

"The Feng Bao family is continuing to acquire shares in Guangsheng Bank. The stock price has risen by 4.2 yuan, and it is estimated that the shareholding exceeds 38%." Huo Jianning reported.

In their previous lives, Li Jiacheng and Liu Luanxiong could easily acquire more than 50% of the shares, and the Feng Bao family did not stop them. Now, they are trying their best to stop He Jiahao.

Is there someone else behind Feng Bao?

"Go check Feng Bao's source of funds, and immediately issue an announcement to acquire Guangsheng Bank and mobilize 500 million in funds." He Jiahao ordered.

He Jiahao has never thought about privatizing Kwong Sang Hong, but it is necessary to completely control Kwong Sang Hong. As a time traveler, he knows that cosmetics will be profitable in the future, and the retail channels of Hutchison Group are very mature and it is completely an industry. chain.

"Yes!" Huo Jianning continued to report the next item, "ParknShop Supermarket has adopted your strategy, boss, and the situation has improved. It accounts for about 17% of the Xiangjiang market, an increase of 5% from the previous two months, ranking first. It is 19% of Wellcome Supermarket, and the second largest supermarket is Parknshop, with only a 2% gap.”

"Our main rival is Wellcome. As for RB Department Store, we also need to be careful. There are many ways to discount, including holiday discounts, birthday discounts, and discounts on outdated products. As long as you don't lose money and can make a small profit, it's fine. Yes." He Jiahao said.

The profits in the retail industry are huge, and the intensity of competition can be scary. Xiangjiang's local Xianshi and Wing On Department Stores have been overwhelmed by RB Department Store, and then they may have difficulties in operating turnover.

"RB Department Store cannot threaten us for the time being, but its development momentum is very strong and has defeated many local department stores. Wellcome Supermarket has also begun to imitate our model, and the department is studying strategies."

He Jiahao thought for a while, "Since we can't gain a foothold in the traditional retail industry, we have to find another way and open a company under PARKnSHOP Supermarket to specialize in small convenience stores where we can buy and sell some cooked food and provide free food. Heating equipment provides 24-hour service in bustling areas such as Central, Admiralty and Causeway Bay."

"Okay, I'm going to study the business model with my colleagues." Huo Jianning didn't know whether a small convenience store like this could survive, but the boss had spoken, so naturally he couldn't deny it on the spot.

This model has been proven and success is inevitable, but only He Jiahao knows it.