We're building a super chaebol in Hong Kong

In property transactions, bargaining is the norm, but encountering a buyer who makes such a swift decision is truly rare!

"Sell, we need to hurry up and finalize this deal!" Su Cheng said with a smile.

Finally, such a rare white knight had appeared, so naturally, he couldn't let them slip away easily.

As for Eagle Group, Harbour Plaza Hotels \u0026 Resorts, and Paliburg, Su Cheng had a good idea of what was going on.

He knew that Harbour Plaza Hotels \u0026 Resorts and Paliburg were actually under the umbrella of Eagle Group, and the joint acquisition by the three companies was essentially Eagle Group's determination to acquire these two buildings.

However, these intricate internal relationships were not important to Su Cheng.

What he cared about was how to successfully dispose of these two buildings.

Therefore, the primary task now was to focus on ensuring the smooth completion of the transaction.

In just over two years, Su Cheng had purchased the two buildings for HK$1.6 billion, and now they had been successfully sold for a high price of HK$3.5 billion, realizing huge profits. This was undoubtedly a very lucrative deal.

Even more noteworthy was that, during this holding period, the two buildings had accumulated HK$100 to 200 million in rental income alone, further proving their strong investment return capabilities.

Overall, this buy-and-sell operation allowed Su Cheng to directly reap nearly HK$2 billion in profit, which was a considerable increase in wealth even by his current substantial net worth.

Undoubtedly, this was an extremely successful investment case, demonstrating Su Cheng's keen business acumen and excellent asset management skills.

"Understood, Boss, I will immediately expedite the transaction process with the other party!" Zhong Xun replied without hesitation.

Unexpectedly, although Su Cheng was eager to sell these two buildings, the buyer seemed even more anxious.

Not long after Zhong Xun reported to Su Cheng, Lo Ying-shek, the leader of Eagle Group, personally visited Tianqi Property Company, eagerly hoping to finalize the transaction details with Zhong Xun as soon as possible.

Having received full authorization from Su Cheng, Zhong Xun quickly reached a consensus with Lo Ying-shek on the transaction matters.

At the same time, Tianqi Property Company also put forward a reasonable request: hoping that after the completion of the transaction, Jia Yi Film Group and Su's Group would be given one month to prepare for relocation.

As for the other tenants in the buildings, Tianqi Property stated that this part would be arranged and handled by Eagle Group themselves and was no longer their focus.

Lo Ying-shek did not hesitate at all regarding this condition and readily gave an affirmative answer, thus further promoting the cooperation between the two parties.

For Eagle Group, a month's relocation time was indeed reasonable, and the current priority was to ensure that these two buildings could be successfully transacted.

Although Eagle Group's strength was not bad, it was obviously unrealistic to directly use its own funds in the face of such a huge transaction.

However, relying on its good reputation in the industry and strong financial background, loans became their preferred solution to solve the funding problem.

Eagle Group knew that the acquisition of these two buildings was not only an expansion of the company's assets but also an important step in enhancing the group's overall strength.

After completing the acquisition, they planned to use these two buildings as collateral to further broaden financing channels, thereby ensuring the stable operation of the group's capital chain.

As for the interest costs generated by the loan, the generous rental income from the buildings would be able to easily cover them, maximizing investment returns.

Therefore, after the transaction was finalized, Eagle Group quickly prepared and held a grand press conference.

As a listed company, they naturally knew that such a major transaction must be disclosed to the public transparently to maintain the fairness and justice of the market, otherwise, if the Securities and Futures Commission found evidence of wrongdoing, they would be penalized.

At the same time, Eagle Group also keenly seized this opportunity, hoping to not only formally announce the acquisition through the platform of the press conference but also take advantage of this momentum to vigorously promote the group's strength and vision, further enhancing the group's brand influence and market position.

Once the press conference was held, it immediately attracted widespread attention and heated discussion from all sectors of Hong Kong society.

The news that Eagle Group, together with Harbour Plaza Hotels \u0026 Resorts and Paliburg, jointly acquired Su's Group Building and Jia Yi Film Group Building quickly became a hot topic of discussion on the streets, with the media rushing to report and public opinion continuing to rise.

This series of positive market reactions was directly reflected in the capital market.

The stock prices of Eagle Group, Harbour Plaza Hotels \u0026 Resorts, and Paliburg all showed varying degrees of upward trend, and investors were full of confidence and expectations for the future development prospects of the three companies.

In the public's eyes, the successful acquisition of these two buildings was undoubtedly a dual manifestation of strength and vision.

Currently, Hong Kong's real estate market is still generally favored, market confidence is strong, people are optimistic about the continued growth of housing prices, and they are not surprised by the high premium of this transaction.

Looking back, these two buildings were transferred by Wharf Group to the world's richest man, Su Cheng, for HK$1.6 billion more than two years ago, and this transaction attracted widespread attention and coverage from the media at the time.

Now, in just over two years, their value has doubled. Such market performance not only did not cause surprise but was regarded as the norm in the market because similar high-premium transactions have been common in Hong Kong in recent years, and soaring housing prices have become the norm.

However, this transaction of up to HK$3.5 billion still seemed particularly eye-catching, especially when the parties involved were the world's richest man, Su Cheng, and the well-known corporate group Eagle Group.

For Lo Ying-shek, being able to take over the baton of these two buildings from the richest man was undoubtedly a great honor and pride. This not only demonstrated his personal business wisdom and courage but also added a strong touch to the future development of Eagle Group.

The media reporters were very clear that it was quite difficult to directly interview Su Cheng himself, but this did not stop their enthusiasm for obtaining news.

They quickly adjusted their interview strategy and turned their attention to Mr. Yang Chaoye, the president of Su's Group, and Ms. Liang Shuyi, the president of Jia Yi Film Group, hoping to dig up more valuable information from them.

However, the results of the interviews were somewhat disappointing.

Whether it was Mr. Yang Chaoye or Ms. Liang Shuyi, the views and attitudes expressed in the interviews were exactly the same as the official statement previously released by Zhong Xun, the general manager of Tianqi Property Company, without revealing any additional useful information.

The two men's strict and unified stance made the media reporters realize that Su Cheng and his team had done a good job in keeping the transaction confidential and managing public opinion, or perhaps that was their intention all along.

"Given the company headquarters' upcoming relocation, the old headquarters will no longer be used. At the same time, the construction funds for the new headquarters in Tseung Kwan O are substantial. In order to recover some capital to support the new project, the company has decided to sell these two buildings." This became their unified public statement, succinctly explaining the reason for the transaction, without revealing any further details.

This large transaction involving 3.5 billion Hong Kong dollars swept through Hong Kong's business community like a storm, attracting widespread attention and discussion from all walks of life.

The news media's vying for coverage made this event one of the most popular topics recently.

However, as time passed, when the initial shock and curiosity gradually dissipated, the public and media's attention also began to slowly decline. The heat of this transaction eventually lasted for nearly a week before gradually returning to calm.

And the stock performance of Eagle Group, Regal Hotels, and Paliburg Holdings within a short week can be described as remarkable.

Among them, Eagle Group, as the main body of this acquisition, saw an astonishing increase in its stock price, reaching more than 60%, becoming a major highlight in the market.

Even Regal Hotels, which had a relatively small increase, saw its stock price increase by more than 40%, fully demonstrating the market's positive reaction to this transaction.

Such market performance undoubtedly made Lo Ying-shek the winner in everyone's eyes.

His decisive decision-making and precise layout not only brought considerable profits to the company but also greatly enhanced the group's market position and influence.

In contrast, those investors and buyers who were originally very interested in these two buildings but missed the opportunity due to hesitation or attempts to lower the price, are probably only filled with regret at this moment.

They may be reflecting that if they had acted more decisively at the beginning, perhaps they would be the ones standing on the glorious stage now.

Regarding the various reactions and comments from the outside world, Su Cheng had heard a little from newspapers and television news, but he didn't pay too much attention to it.

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In his opinion, successfully selling these two buildings for 3.5 billion Hong Kong dollars and smoothly recovering the funds was already the best news.

As for the glory and attention that Eagle Group gained from this transaction, Su Cheng had a clear understanding in his heart.

He knew that this was just a temporary glory in the market cycle. As time went by, Hong Kong's real estate market would soon enter a major crisis.

The development trends that Su Cheng obtained from Xiao Ai allowed him to have insight and forward-thinking, and also gave him a clear understanding of the future challenges and difficulties of Eagle Group.

He knew that when the market's enthusiasm gradually faded and the real test came, Eagle Group might regret today's decision.

But all of this was no longer important to Su Cheng, who had already achieved his goal.

What he was concerned about was the next goal, how to continue to expand his business territory and achieve greater value and achievement.

Su Cheng always maintained a calm heart in the face of the various disturbances from the outside world.

His transaction with Eagle Group was purely a commercial cooperation based on the mutual willingness of both parties, and the future profits and losses were no longer directly related to him.

In his opinion, losing two buildings was just a temporary adjustment of asset allocation and was not a big deal.

Su Cheng deeply understood the laws of the market. He already knew about the crisis facing housing prices in a year, and that would be a good time for him to re-layout at a lower cost.

This strategy of buying and selling not only allowed him to easily profit but also avoided the intricate struggles and disputes in the business world. It was indeed a brilliant move.

For Su Cheng, there were many ways to make money, and he chose the simplest, most direct, and most efficient one.

After floating in the business sea for many years, he had long learned how to exchange the greatest benefits for the smallest cost. This wisdom and vision were the key to his ability to stand firm in the fiercely competitive business world.

This month, Su Cheng had personally visited Tseung Kwan O twice to supervise the construction progress of the new headquarters.

Now, that area was a brand-new scene. The headquarters building was not only completely completed but was also undergoing the final indoor air purification work to ensure that the future office environment was both modern and healthy.

At the same time, the large villa that Su Cheng had carefully built for himself had also been completed, and every detail revealed Su Cheng's own taste and style.

From the initial concept of the design drawings to countless in-depth discussions and revisions with the designer, Su Cheng personally took care of everything, striving to make every detail perfect.

This was not just a villa, but also his future harbor, a place where he could completely relax and enjoy peace and beauty.

Su Cheng naturally had high expectations for this villa.

If there were no accidents, this would become his main residence in the future.

Therefore, he was full of emotions and hopes for every corner and every design of the villa, looking forward to spending every warm and beautiful time here in the days to come.

Regarding the villa on Barker Road, Su Cheng had made a decision: he neither intended to sell it nor considered renting it out.

For him, the current wealth was already abundant enough, and there was no need to increase income through these methods. Let this villa quietly stay there and become a pure land in his heart.

He occasionally thought that since crossing over, he had spent most of his nearly ten years in this villa.

This place had witnessed his growth and changes, and carried countless memories and emotions.

Therefore, this villa was not just a living space for him.

It was more like an old friend, silently accompanying him through thick and thin.

In the days to come, no matter where he was, he would remember this place and remember the exclusive memory that belonged to him.

Perhaps, on a leisurely afternoon, he would step into this familiar land again, allowing his soul to find a moment of peace and tranquility.

Of course, Su Cheng also knew that if the old doesn't go, the new won't come. Although he had feelings for this place, it was better to move if he had to.

Tseung Kwan O would be directly managed as his territory. In this way, it would be much safer for him to live there.

Unlike here on Barker Road, there were not many residents around. Relying solely on his bodyguards, he might not be able to cope if someone broke in. (End of this chapter)