We're building a super chaebol in Hong Kong

After chatting with Brother Wu for a long time, Su Cheng left the training base.

Next, he only needed to wait for Brother Wu's intelligence.

Two days later, on March 28th, Su Cheng received a call from Brother Wu, informing him that some of the information had been investigated, and they would transmit the data to Su Cheng first.

Of course, Su Cheng had no objections to this, after all, there were so many companies to negotiate with, and Su Cheng couldn't talk to them all at once, but rather one by one.

It was better to negotiate sooner, in case someone else took a fancy to it first. Although he himself wouldn't suffer any losses, Su Cheng really needed it, and if he couldn't acquire it, he wouldn't be in such a good mood.

In his study at home, Su Cheng once again communicated with Brother Wu via fax machine. Soon, a document was transmitted through the fax machine.

After receiving this document, Su Cheng sat in the chair in the study and began to read it.

In the information that Brother Wu sent him, the information that had been found included Jardine Matheson, Hongkong Land, Swire Group, and Wharf, while the situation of other companies had not yet been clarified.

However, this was enough for Su Cheng to discuss the acquisition of three properties.

The property he most wanted to acquire was naturally the land jointly acquired by Jardine Matheson and Hongkong Land, which was a piece of land worth more than 2 billion Hong Kong dollars, with a superior geographical location. As long as it was acquired and a super high-rise building was constructed there, it would definitely occupy the C position of Xiangjiang's skyline.

Although in the future, the headquarters of both the Su's Group and Hutchison Whampoa, and other industries, would move to Tseung Kwan O, Su Cheng didn't mind building a super high-rise building in Central. After it was built, he would be able to earn a lot of money through rent in the future.

After reading it, Su Cheng's face lit up with joy.

Brother Wu really did not disappoint him.

Whether it was Jardine Matheson or Hongkong Land, they were indeed encountering difficulties, otherwise they would not have put up for sale this super prime land that they had worked so hard to acquire.

And all of this was closely related to the previous competition between Jardine Matheson and Hongkong Land against Bao Yugang for Wharf.

At that time, in order to prevent Wharf from being snatched away by Bao Yugang, Jardine Matheson and Hongkong Land spared no cost, constantly increasing their bids, just to maintain their position as the major shareholders of Wharf, so as not to lose control of Wharf.

The funds invested by the two companies at that time exceeded 3 billion Hong Kong dollars.

Given the situation of Jardine Matheson and Hongkong Land at that time, it was naturally impossible to come up with so much liquid capital.

And a large part of this money was short-term loans borrowed from Standard Chartered Bank.

Given the situation of Jardine Matheson and Hongkong Land at the beginning, Standard Chartered Bank could not have lent them so much money.

Banks will assess the risks of enterprises. Even if the enterprise is large, if the risk is high, they cannot lend large amounts of money.

Even a large company like Hutchison Whampoa, one of the four major foreign firms, would frequently change bosses due to severe losses, and Jardine Matheson was naturally the same.

Therefore, in order to successfully obtain the loan, the two foreign firms did not hesitate to sign many unfavorable agreements with the bank, such as if they could not repay the loan when it was due, they would directly mortgage the shares, and the shares would not be based on the market price, but based on the lowest stock price in the past year.

This is also why Jardine Matheson and Hongkong Land are now so eager to sell this land.

If the equivalent shares of Jardine Matheson and Hongkong Land were mortgaged to Standard Chartered Bank, the Keswick family, the actual controllers behind Jardine Matheson, would definitely lose control of Jardine Matheson and Hongkong Land.

The Keswick family could not allow this to happen.

Therefore, the simplest way is to cut off some assets and exchange them for money to repay the loan.

In addition, Jardine Matheson's equity control over Hongkong Land is getting lower and lower. Jardine Matheson itself has lost control of Wharf Group, which is already a devastating blow to Jardine Matheson.

If the Keswick family loses control of Hongkong Land again, then only half of their life will be left.

In addition, Jardine Matheson's financial report for last year was also not good. Although the turnover was nearly 10 billion Hong Kong dollars, the profit was actually negative, and it was still negative 12.8%.

That is to say, they actually lost nearly 1 billion Hong Kong dollars last year.

The biggest reason for this is the failure of investment.

The market situation in the whole world is not very good, and it is normal for them to lose money.

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Normally, Jardine Matheson still frequently and generously increases its investment without considering its capabilities, which is the biggest reason why they are facing difficulties.

If Jardine Matheson could develop in a low-key manner like China Light and Power Company, and do everything within its capabilities, it would never have suffered so much loss.

Of course, even China Light and Power Company, which is developing in a low-key manner, will have to shed a layer of skin if it is targeted by Su Cheng.

At the same time, the information also stated that Hongkong Land suffered a major blow in its real estate investment in Singapore at the beginning of this year. The land bought for more than 1 billion Hong Kong dollars actually experienced severe subsidence when building the foundation.

Originally, Hongkong Land planned to build a skyscraper on this land, but now, due to geological reasons, even if the foundation is deeper, it cannot build a building over 50 meters high, which means that the real value of this land has been greatly reduced.

Putting down the information, a smile could not help but appear on the corner of Su Cheng's mouth.

Now, if he can't control Jardine Matheson and Hongkong Land, then he will have obtained this information in vain.

He must make a killing.

Of course, Su Cheng also knew that this cut could not be too ruthless.

After all, the location of this land is really too good. If Jardine Matheson really wants to sell it, putting out a price of 2 billion Hong Kong dollars would definitely be a hot commodity.

He learned that there were more than a dozen consortia involved in the bidding for this land.

In the end, it was Jardine Matheson and Hongkong Land who joined forces and spent a lot of money to win it.

Therefore, in fact, there are quite a few consortia interested in this land, but the price is the problem.

The original price is definitely not what anyone wants, but a reduction of several hundred million would definitely cause a frenzy.

Therefore, the strength of this cut must also be grasped well.

Su Cheng has not yet decided how much to cut. When he meets with Niubi Jian, he can improvise. (End of this chapter)