Chapter 244 [Friends fill the market, but you are a weak friend!]
After the Korean War, the reputation of Hong Kong Island in the United States has become very bad. This is mainly because many Americans believe that Hong Kong Island is a paradise for smuggling and unattractive factories. "Rainbow".
Therefore, although the US government has lifted the trade ban on Hong Kong Island at the end of 1953, the trade between the two sides is still inactive, and there are fewer American tourists visiting Hong Kong than in Europe.
It should be understood that the United States, as a country that has not affected its homeland in several wars, has a market that is enough to hit the whole of Europe, and it has a great effect on the development of Hong Kong Island.
Therefore, at the proposal of the British Ambassador to the United States, Ge Lianghong, the Governor of Hong Kong Island, went to the United States to give a lecture tour at the end of 1954. During the six-week trip, Ge Lianghong went to 16 cities in total.
He will give speeches wherever he goes to promote Hong Kong Island. In addition, he needs to be interviewed by different TV stations and open forums with many organizations to express opinions on the future of Hong Kong Island.
In order to establish a fresh and good image of Hong Kong, Grantham is also preparing to deliver speeches entitled "Hong Kong Island-Eastern Berlin" and "Hong Kong Island-Free Radical Rock" in the United States.
Wu Guangyao is full of expectations for this!
The future of Hong Kong Island is not only a financial and industrial city, but also an emerging tourist city;
Take 1954 as an example. The number of tourists visiting Hong Kong reached 49,000 (based on the number of people staying in hotels). Wu Guangyao believes that this figure will increase at a high speed. It will exceed 100,000 tourists visiting Hong Kong in three years at most.
So many tourists will drive many industries, including Wu Guangyao’s Lao Fengxiang jewelry and Uniqlo series.
Lu Yu Teahouse, where merchants gather.
Everyone invites some old friends to chat and drink tea together; people who are not familiar can also chat together, discuss the current hottest topics, and even partner in business and become confidantes.
Wu Guangyao also has a rare free time, so I have an appointment with old friends such as Guan Yi, Li Jia, and Zhao Xi, and Wen Yiwen is friendly!
These old friends gave a lot of help when Wu Guangyao first came to Hong Kong Island, and Wu Guangyao always remembered it;
Over the years, Wu Guangyao has moved higher and higher, but he has not forgotten them. He always spares time to recount the past and talk about business with everyone.
"Glorious, friends are full of the market, but you are a weak friend, have you pinpointed the cycle of the prosperity and decline of Hong Kong Island's real estate?" Guan Yi asked his doubts.
Since the end of the Korean War, Southeast Asian funds have gathered on Hong Kong Island and invested heavily in real estate, so the real estate industry on Hong Kong Island has begun to prosper!
While Wu Guangyao's Cheung Kong Industrial Company did not move. The land in his hand was covered by the land and did not develop. It only developed two real estates in cooperation with two British-owned foreign companies, which made these friends who are familiar with Wu Guangyao speculate about the reasons.
Caution?
If Wu Guangyao is cautious in doing business, then I am afraid that many people on Hong Kong Island will not accept it;
How can anyone who even dared to provoke Aramco in the US can be called cautious?
"No, I know so much there! What are the cycles of ups and downs, the law of ups and downs, and I don't understand any philosophy. But Cheung Kong Industrial has not enough experience in real estate development, so I want to learn more before developing the land in my hands. ; Of course, recently we are also discussing whether the time is ripe. After all, we can't afford to lose if we don't develop it!" Wu Guangyao replied.
In fact, only Wu Guangyao knew that Cheung Kong Holdings was waiting for the Hong Kong government to allow the development of high-rise buildings.
Building the current five-story building, there is really not much profit, and there is no sense of accomplishment!
"You are really humble. Looking at the real estate companies on Hong Kong Island, only your Cheung Kong property development is the best, and the selling is also the best. The most important thing is word of mouth. How many people are counting on you to open real estate again!"
"Haha, Brother Guan praised it!"
Pour a cup of tea, the tea fragrance overflows, the tea is accompanied, and the mood is like wind. Wu Guangyao can't help but sigh: "Hong Kong Island is getting better and better!"
Several people heard the words, looked at Wu Guangyao, and agreed with them without seeing the following.
"Yes, Governor Ge Lianghong's recent speech in the United States was very fruitful; I believe that the trade between Hong Kong Island and the United States will become closer; as long as we completely open up the American market and feed a few million people, there is no problem at all. Take your Uniqlo as an example, if the United States is completely liberalized, with your technology, quality, and price, I am afraid that it will be able to double the export volume immediately." Li Jia also echoed.
Although Li Jia did not start his own business, he had a good time with HSBC. In the past few years, he has been promoted twice, and his salary has reached 350 Hong Kong dollars a month, which is similar to Wu Guangyao's executive salary.
The vice president of Wu Guangyao's company has the highest salary, usually 500 Hong Kong dollars a month, with dividends or bonuses at the end of the year.
Go on to be senior executives, with a monthly salary of about 300 Hong Kong dollars to 400 Hong Kong dollars, and there will be dividends or bonuses at the end of the year.
Others, like those who are skilled in the workshop, they can get 55 Hong Kong dollars a month, which is about 5% to 15% higher than the outside, and there are benefits for the third quarter.
The reason why Li Jia didn’t start his own business was probably because of Zhao Xi’s hard work over the past few years. I’m scared!
It is also possible that he wants to be an executive of HSBC, or realizes that he has insufficient abilities.
Zhao Xi started a business with twists and turns, but it was good at the beginning, and he partnered with Wu Guangyao, and the pressure was small;
Then Wu Guangyao shot his own shares, Zhao Xi was frightened every day;
Unfortunately, Zhao Xi’s life was not easy when the war started, and the trading company suffered a serious decline, and occasionally he could only go to the other side to take risks;
Zhao Xi, on Wu Guangyao’s suggestion, took out a loan to prepare a hardware factory, but the lockdown in the Mainland has also had a great impact on business;
Fortunately, after 51 or 52 years, life will be better soon!
But in the past few years, Zhao Xi's hair has turned white because of fear, and racking his brains!
This person, Zhao Xi, is really a bit worse when he is the boss, at least he is a bit unstable in his mentality!
If it wasn't for Wu Guangyao to support him, I'm afraid he would have given up long ago;
Wu Guangyao always persuades him that business will get better, and his own money is not in a hurry, even for ten or twenty years!
Changjiang Industrial currently has a total of 8 plots of land and one property (Universal Building) in its hands, covering an area of 1.33 million square feet.
According to the current market price, it is worth 28 million Hong Kong dollars, and the cost used is only 4 million Hong Kong dollars.
It is precisely because of this that Wu Guangyao does not develop the land according to the land, and the shareholders have no opinion;
Otherwise, no matter how good the relationship is, it will inevitably be dissatisfied; you are making a lot of money outside, but you are sleeping!
The eight undeveloped land of Changjiang Industrial is as follows:
Yau Ma Tei, Tsim Sha Tsui, Mong Kok, and Sham Shui Wai in Kowloon, each has a piece of land with an area of about 120,000 to 18 square feet. Wu Guangyao is preparing to develop into a residential community.
In the Tsim Sha Tsui area near the sea in Kowloon, there is a piece of land of about 200,000 square feet. Wu Guangyao is going to develop into a commercial complex, all of which will only be rented out and not sold.
The island has three plots of land with an area ranging from 100,000 to 180,000 square feet. Wu Guangyao is also preparing to develop residential and commercial buildings.
The 8 plots of land are scattered, which was specially arranged by Wu Guangyao, so that Cheung Kong can have more customer choices.
At this time, the situation of the Yangtze River Holdings shares is: Wu Guangyao holds 67.5% of the shares, Lin Youde holds 12.5% of the shares, He Xian and Zhong Ziguang each hold 7.5%, and He Hongshen holds 5% of the shares.
At this time, Cheung Kong's account is only a few hundred thousand Hong Kong dollars, and it is possible to develop a small real estate. If several real estates are opened together, it will not be possible.
Wu Guangyao called all shareholders and held a meeting.
"I intend to develop all the land, so I need to raise funds again. It's the old rules. If I don't want to raise funds, the shares will be diluted. Similarly, you can also choose to withdraw and let me buy the shares in your hands." Wu Guangyao Said first.
As soon as everyone heard, Wu Guangyao opened all the real estate together, and couldn't help being dumbfounded; even if he had money, he had to need manpower!
Actually, they got a bit wrong. Wu Guangyao intends to start all of them one after another within a year.
"Guangyao, how much is the company estimated?" He Hongshen asked.
Hearing this sentence, I know that He Hongshen intends to withdraw. After all, he also opened a real estate company on Hong Kong Island. He also wants to take this opportunity to sell the shares of Cheung Kong Holdings and put the funds into his own real estate company.
However, this is exactly what I want. I have some money in my hand recently, and I want to turn it all into a career.
"All the land plus properties, a total of 28 million Hong Kong dollars. If you quit, you can get 1.4 million Hong Kong dollars."
In 5 years, everyone’s money has increased 7 times. Wu Guangyao thinks that this income, no one can give them such a good income!
He Hongshen heard 1.4 million, he was so excited, he worked hard in Macau for four or five years, and it was almost that number;
Unexpectedly, after putting 200,000 Hong Kong dollars on Cheung Kong Holdings for 5 years, he would earn this figure, which is worth it!
"Well, I want to quit, after all, I also have a real estate company now!"
"Understandably, we will sign a share transfer contract later."
Next, Wu Guangyao looked at He Xian and Zhong Ziguang.
"I won't invest money, nor sell, you dilute the shares!" Zhong Ziguang said, but in his heart he despised He Hongshen, all of this has been developed for real estate, are you stupid if you ran away!
Only based on your connections and abilities, is there one-fifth of Wu Guangyao's?
"I don't invest any more money. It mainly depends on this situation. Guangyao, you want to do a big job. It is estimated that my wealth is wet and broken, not comparable, not comparable!" He Xian joked.
"Haha, it's okay! Everyone is doing business, fair and just."
Next, under the witness of the lawyer, the new share ratio of Cheung Kong Holdings was completed.
First of all, Wu Guangyao invested 1.4 million Hong Kong dollars to buy 5% of He Hongshen's hands, and his shares came to 72.5%.
Then, Cheung Kong Holdings raised 7 million Hong Kong dollars from Wu Guangyao to use as the initial capital for the development of the real estate.
The new shares are: Wu Guangyao holds 80% of the shares, Lin Youde holds 9% of the shares, and He Xian and Zhong Ziguang each hold 5.5% of the shares.
(End of this chapter)