The rise of Hong Kong's wealthy families

Chapter 212 Take Care of Your Body

Starting from August, its properties have been opened one after another, such as First City Company's four-star hotel in Central (28 floors, floor area 300,000 square feet), Royal Garden Hotel No. 1, Royal Garden Hotel No. 2 (previously Regal Hotel Tsim Sha Tsui East), Empire Center Shopping Mall, Far East Financial Center, New Era Center Building in Central, etc.

The company collected a large amount of rent. The monthly rent of Empire Center and Far East Financial Center alone exceeded 10 million Hong Kong dollars, which greatly eased the debt situation of Huamei Real Estate Company. At the same time, Huamei Real Estate Company announced this news, causing the stock price to rise sharply. The market value has reached 5 billion.

He Jiahao also asked Tan Zhenzhen to sell the shares of Jianing Group, which raised 68 million yuan, with a profit margin of 36%. This fund was also used to cover the company's debts.

Manulife Development Company deputy general manager Shen Dingqian was responsible for the Sham Shui Po warehouse renovation project. After Ho Ka-ho's careful consideration, he decided to sell it. As Shen Dingqian expected, the warehouse mini market was very popular and was sold out within a month. , and made a profit of about 17 million, so He Jiahao asked Shen Dingqian to continue the renovation, and the three warehouses were undergoing renovation projects at the same time.

Seeing this, some other real estate developers also started warehouse renovation projects, but they were slower than Manulife Development.

He Jiahao told Shen Dingqian to be "fast and good". Fast means to speed up the project and complete the sale before all real estate developers; good means to have good quality and not to ruin the Manulife Development Company's brand name. He would rather make less money.

The second phase of Fuze Garden in North Point, developed in cooperation with Hong Kong Electric Company, has sold more than 80% of the new houses. It is expected to make a profit of about 50 million, and it has also made a lot of money for Haoxin Real Estate Company and Minghai Real Estate Company.

He Jiahao came to Standard Chartered Bank and sold the shares of Carin Group. He bought 50 million Hong Kong dollars in late January 1980. The market value now is 103 million Hong Kong dollars. After one day of selling, 94.76 million yuan was withdrawn, with a profit margin of nearly 9 Success, the rate of return is average, but He Jiahao is not dissatisfied, the profit from investing in stocks will not be too generous.

The return on investment of the remaining 450 million shares may not be as high as that of Jianing Group shares.

This amount of HK$94.76 million was deposited in Standard Chartered Bank as a current deposit instead of continuing to buy any company's shares.

The situation of Jianing Group was not very stable. He Jiahao was worried about the butterfly effect, so he did not wait until the highest point to cash out.

Now that the real estate industry has entered a state of adjustment, Chen Songqing is still borrowing money from banks to acquire properties and land, regardless of his own high debt. Once there is some 'turbulence', Jianing Group may 'shake', and even the stock price will plummet. He Jiahao will not accompany this madman to take risks.

In fact, He Jiahao didn't know that Chen Songqing's partner Zhong Zhengwen had discovered something fishy and wanted to quit the Jianing Group. Unfortunately, Chen Songqing used liar tactics to stabilize Zhong Zhengwen again, telling Zhong Zhengwen to calm down and that he would clean up the group as soon as possible. Debt, Jianing does not have any crisis.

As a friend and partner for many years, Zhong Zhengwen naturally believed Chen Songqing's lies, but he also kept a secret.

Soon, the fund-raising rights issue that Tan Zhenzhen was responsible for was completed, raising 1.3 billion Hong Kong dollars for the company. A series of large investment expenditures were resolved, and there was even little surplus.

The 1.4 billion yuan owed by Huamei Real Estate (52.3% of Hutchison Group's shares) is gradually cleared. This time, Ho Ka-Hao needs to pay Huamei Real Estate Company 330 million Hong Kong dollars in cash, which makes Ho Jiahao dumbfounded. In just one year, , Huamei Real Estate Company is about to gain control of a very large company for free.

If word gets out, it will probably become a topic of conversation for people in Xiangjiang, and they may even think that Ho is a fool.

However, He Jiahao believes that personal energy is limited. It is far easier for Huamei Real Estate to focus on Hutchison Group than for him to "focus on Hutchison Group and Huamei Real Estate". Moreover, the family's assets will not only be these. They may all be too busy.

Good news also came from Mousse Kane. They agreed to sell all the shares of Qingzhou Ying Cement Company, but He Jiahao needed a 50% premium and at the same time transferred 60,000 square feet of land in the New Territories. The price must be the market price.

Faced with some harsh conditions, He Jiahao agreed and ordered Huo Jianning to go to negotiate with the Kane family and must sign a contract within a week to complete the share transfer.

He Jiahao already owns more than half of Qingzhou Yingni's shares. If he takes over 32% of the Kane family's shares, it will trigger privatization and make the acquisition at the highest price of the year. Some losses outweigh the gains. Let Hutchison Group take over, although it will be subject to the Securities Regulatory Commission. Warning, but there will be time for relief.

Now that the Hang Seng Index is unstable and has fallen slightly, he plans to discuss privatization with those small shareholders early next year, and the cost will be smaller.

"Boss, Yang Shoucheng's lawsuit is about to end, can we take action?" Qin Haiming crossed his legs with a somewhat proud expression, as if he felt that Yang Shoucheng was the turtle in the urn.

He Jiahao raised his head and looked at Qin Haiming. Recently, Qin Haiming has been very popular and has made headlines every few days. On the contrary, Liu Luanxiong is very low-key, as if he is about to disappear. He knows that Liu is holding back his big move, but he doesn't know Which tycoon is going to be unlucky.

"What did Luo Xurui say?" He Jiahao asked.

Qin Haiming curled his lips and said, "He has wanted to take action for a long time. He said that as long as there are enough funds, it is easy to get a good investment in the world. Isn't this a slap in your face, boss? I think this Luo Xurui is more arrogant than me."

He Jiahao did ask them to choose the best time, but Luo Xurui was eager for success. He guessed that something happened in the Luo family, otherwise Luo Xurui would not be like this.

"It's not a slap in the face, but Luo Xurui is capable, and he won't be inferior to others. I think he will almost start his own business." He Jiahao smiled and said, "Then let's do it, come to the door first and follow him. Let’s talk to Yang Shoucheng, let Luo Xurui go, and don’t get involved in this part.”

"knew."

"How are things going at the listed company?" He Jiahao asked with a smile.

Qin Haiming has some abilities, but he can't achieve very high achievements. Being worth several billion is already the limit.

"Let's wait a little longer. The market is not good now. Maybe we can win a good listed company at a small price in a while." Qin Haiming said casually, "What do you think, boss?"

"Well, I guess a new crisis is brewing. As long as you have money, you can acquire a very good real estate company in a while. However, this period may last as long as a year. Can you bear it?" He Jiahao raised his lips. smiled.

The current adjustments in prefectures and cities have also scared some people, so it is a good time to start.

"Hehe!! She's not a super beauty, so why can't she help it? And listed companies only have advantages in raising funds and rights issues. The stock market is not doing well now, and they don't have a good reputation. It's not easy to raise funds. They're not as good as me. If I do it myself, I’ll make the same money anyway, and the money is still my own.” Qin Haiming said with a smirk.

Qin Haiming has never stopped trying to pick up girls, and now he can be said to have "many people". He is a well-known playboy in the entertainment industry, and many female stars have even sent him to his door.

He Jiahao rolled his eyes at Qin Haiming. He rarely talked about these romantic things in the office, "Be careful with your health! Prepare more money, so you don't have to come to me to borrow it."

"At that time, I might really have to borrow some from the boss."

"Get out!"

"Okay!"

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