We're building a super chaebol in Hong Kong
#547 - The more running the better!
Surprised as he was, Zhang Qizheng didn't say anything.
After all, he was very clear about how wealthy the boss was.
With the boss's net worth, more than 8 billion Hong Kong dollars was nothing; he could take it out at any time.
Not to mention the money earned from oil, Su's Group's annual profit last year alone exceeded 10 billion Hong Kong dollars, and that didn't include Hutchison Whampoa.
After reading the first two pages, Su Cheng continued to look at the third page.
The value of this third page was greatly reduced all of a sudden.
British-owned North Pacific Group was selling three industrial parks for a total price of 810 million Hong Kong dollars.
Two of these three industrial parks were in Kwun Tong, and one was in Sha Tin, with a total area of 847,000 square meters.
Moreover, these three industrial parks all had existing industrial buildings, mainly high-rise factory buildings, which were all included in the selling price of the industrial parks.
Currently, the total occupancy rate of these three industrial parks was 76.8%, with the occupancy rate of the two industrial parks in Kwun Tong exceeding 80%, and the one in Sha Tin exceeding 60%.
Three mature industrial parks, with an average price of less than a thousand?
It was precisely because they gave themselves a discount that Su Cheng could see these properties. After all, Su Cheng had told Zhang Qizheng before that he would only consider properties below the market price. As for those at the normal price, there were plenty on the market, and Su Cheng didn't have the patience to bother with them. The sale of properties below the market price indicated that these companies were in a hurry to sell.
And a rush to sell also meant that the price could continue to be negotiated down.
Su Cheng's favorite thing was to take advantage of the situation, especially with these British-funded enterprises.
As for those at or below the market price, the vast majority were obviously not in a hurry to sell. Even if the price could be negotiated, it wouldn't be much, so there was no need to waste too much time on them.
Su Cheng had also heard of North Pacific Group. The head office was in Scotland, mainly engaged in manufacturing, retail, service, property leasing, etc. It was a diversified international enterprise, but its business in Hong Kong was not too much. It was normal to withdraw from Hong Kong, because their business in Hong Kong was simple, mainly property leasing and retail, so even if they withdrew, the losses would not be great.
These British-funded enterprises were not optimistic about the future of Hong Kong, which also gave Chinese-funded enterprises an opportunity to grow stronger. Otherwise, it would be difficult for Chinese-funded enterprises in Hong Kong to surpass British-funded enterprises.
Even Jardine Matheson and HSBC, these old British-funded enterprises, actually had little confidence in the future of Hong Kong.
It's just that Jardine Matheson, HSBC, and other companies, because their main industries are in Hong Kong, and they also rely on Hong Kong to develop, so they can't withdraw like other British-funded enterprises.
In the end, they can only stay in Hong Kong and struggle.
However, it is obvious that both Jardine Matheson and HSBC have now begun to lay out overseas markets in order to prevent any major changes in Hong Kong's policies, which would cause them heavy losses.
For example, HSBC Bank is now trying to acquire banks in Europe and the United States. At the same time, it is also choosing some Chinese businessmen with great potential to build good relationships with them, hoping that if they encounter any bad things in the future, they can overcome the difficulties with the help of these Chinese businessmen.
This is also the reason why HSBC Bank is now trying to befriend Bao Chuanwang, Su Cheng, and other top Chinese businessmen in Hong Kong.
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Otherwise, in the past, British consortia would have looked down on Chinese consortia.
"It would be great to have more of these British-funded enterprises. They should all withdraw. Hong Kong should be the world of Chinese-funded enterprises, not British-funded enterprises wreaking havoc here." Su Cheng said to Zhang Qizheng with a smile while looking at the information on the document.
"Boss, in fact, among the property sales information in my document, properties belonging to British-funded enterprises account for about 80%. Chinese owners will only choose to sell properties below the market price when they really encounter economic difficulties, so the proportion is not very high. However, in the normal price market, many are sold by Chinese owners. These people are not in a hurry to sell, but they can sell or not. They are basically very difficult to accept losses." Zhang Qizheng replied from the side.
Su Cheng nodded and said, "The more British-funded enterprises run away, the better. In the end, the vast majority of those who take over are our Chinese consortia, so that the balance between the two will continue to tilt towards us, and eventually the Chinese consortia will surpass the British consortia."
He understood the psychological thoughts of these people.
In his previous life, he had also seen some houses from real estate agents. Some people, because they were not in a hurry to sell, the selling price of the houses was basically above the market price, so these people's houses were listed for several years, and they might not be able to sell them, because they had no economic difficulties, or they were unwilling to sell at a loss, so they could only keep listing them.
However, some sellers who are in a hurry to sell, because they can no longer withstand the economic pressure, or they feel that in such a market environment, they can no longer afford to continue to supply, will sell at a loss. The price of this kind of house will often drop again and again, and it will be sold very quickly, such as in a month or two or even faster.
(End of this chapter)
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