I Want To Be a Rich Man on Hong Kong Island

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 haven for smuggling and a concentration of unattractive factories. "Rainbow" risk.

Therefore, although the American government had lifted the trade ban on Hong Kong Island at the end of 1953, the trade between the two sides was still inactive, and there were fewer American tourists visiting Hong Kong than Europeans.

You must know that the United States, as a country that has not affected its homeland in several wars, its market is enough to beat the whole of Europe, and it has a great effect on the development of Hong Kong Island.

Therefore, under the proposal of the British ambassador to the United States, the Governor of Hong Kong Island, Ge Lianghong, went to the United States to give lectures at the end of 1954. During the 6-week itinerary, Ge Lianghong visited a total of 16 cities.

Wherever he goes, he will give speeches to promote Hong Kong Island. In addition, he needs to be interviewed by different TV stations, and he also needs to hold public forums with many groups to express his views on the future of Hong Kong Island.

In order to establish a fresh and good image for Hong Kong, Ge Lianghong is also preparing to deliver speeches entitled "Hong Kong Island-Oriental Berlin" and "Hong Kong Island-The Cornerstone of Freedom" in the United States.

In this regard, Wu Guangyao is full of expectations!

The future of Hong Kong Island is not only a financial and industrial city, but also a new tourist city;

Taking 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 number will continue to increase rapidly, and within three years at most, the number of tourists visiting Hong Kong will exceed 100,000.

With so many tourists, many industries will be driven, including Laofengxiang jewelry and Uniqlo series under Wu Guangyao.

 …

Lu Yu's Tea House is full of merchants.

Everyone invites a few old friends to chat and drink tea together; people who are not familiar with each other can also chat together, discuss the hottest topics at present, and even do business together and become bosom friends.

Wu Guangyao also rarely has free time, so he meets old friends such as Guan Yi, Li Jia, and Zhao Xi to warm up their friendship!

These old friends gave Wu Guangyao a lot of help when he first came to Hong Kong Island, and Wu Guangyao will always remember it in his heart;

Over the years, Wu Guangyao has climbed higher and higher, but he has not forgotten them. He always finds time to catch up with everyone and chat about business.

"Guangyao, your friends fill the market, but you are not friends. Have you pinpointed the ups and downs of real estate on Hong Kong Island?" Guan Yi asked his doubts.

Since the end of the Korean War, Southeast Asian funds have gathered in Hong Kong Island and invested heavily in real estate, so the real estate industry on Hong Kong Island has begun to prosper!

However, Cheung Kong Industry under Wu Guangyao did not move. The land in his hands was blocked and he did not develop it. He just cooperated with two British foreign firms and developed two real estates. These friends who are familiar with Wu Guangyao speculated about the reason.

cautious?

If Wu Guangyao is cautious in doing business, then many people in Hong Kong Island may not be convinced;

How can someone who dares to tease Aramco be called cautious?

"No, I know so much there! What about the cycle of ups and downs, the law of ups and downs, and I don't know any philosophy. It's just that Changjiang Industrial has insufficient experience in real estate development, so I want to learn more before developing the land in my hand. ;Of course, recently we are also discussing whether the time is ripe. After all, if we don’t develop it, we can’t afford to lose it!” Wu Guangyao replied.

In fact, only Wu Guangyao himself knows that Cheung Kong is waiting for the Hong Kong government to allow the development of high-rise buildings.

There is really not much profit in building the current five-story building, and there is no sense of accomplishment!

"You are really humble. Looking at the real estate companies in Hong Kong Island, only you, Cheung Kong, have the best real estate development and sales. The most important thing is word of mouth. How many people are counting on you to open real estate again!"

"Haha, Brother Guan has won the prize!"

After pouring a cup of tea, the aroma of the tea overflows, accompanied by fragrant tea, and the mood is as comfortable as the wind. Wu Guangyao couldn't help sighing: "Hong Kong Island is getting better and better!"

How many people heard the words,

He turned his gaze to Wu Guangyao, saw that there was no more to say, and agreed.

"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 be closer; as long as we fully open up the American market and feed a mere few million people, it is still completely fine. Take your Uniqlo as an example, if the United States is completely liberalized, with your technology, quality, and price, I am afraid that the export volume will be doubled immediately." Li Jia also echoed.

Although Li Jia did not start his own business, he had a good life at HSBC. In the past few years, he has been promoted twice, and his salary has reached 350 Hong Kong dollars per month, which is about the same as that of Wu Guangyao's senior executives.

The vice presidents of Wu Guangyao's companies have the highest salaries, generally 500 Hong Kong dollars a month, and bonuses or bonuses at the end of the year.

Further down is the executives, whose monthly salary is about HK$300 to HK$400, and there are also dividends or bonuses at the end of the year.

Others, such as those who are familiar with the workshop, can also get 55 Hong Kong dollars a month, which is about 5% to 15% higher than the outside, and there are benefits for three sessions.

The reason why Li Jia didn't come out to start a business is probably because of Zhao Xi's hard work in the past few years, so he was afraid!

It may also be that you want to be an executive of HSBC, or you realize that you are not capable enough.

Zhao Xi started his business with twists and turns, but it was okay at the beginning, and he partnered with Wu Guangyao, so the pressure was low;

Then Wu Guangyao sold his shares, and Zhao Xi was terrified every day;

Sure enough, when the Korean War broke out, Zhao Xi's life was not easy, the trading company suffered a serious decline, and occasionally he could only take risks on the opposite side;

Under Wu Guangyao's suggestion, Zhao Xi borrowed money to set up a hardware factory, but the blockade in the mainland also had a great impact on the business;

Fortunately, I have survived 51 and 52 years, and my life will get better soon!

However, in the past few years, Zhao Xi racked his brains because of fear, and his hair turned gray!

Zhao Xi is really a bit of a bad boss, at least he is a little unstable in his mentality!

If Wu Guangyao hadn't supported him, he might have given up a long time ago;

Wu Guangyao always advised him that the business would improve and he was not in a hurry for his own money, even if it took ten or twenty years!

 …

Cheung Kong currently has 8 pieces of land and one property (Universal Building) in its hands, with a land 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 insisted on not developing the land, and the shareholders had no objections;

Otherwise, no matter how good the relationship is, it is inevitable that you will feel dissatisfied; you are making a lot of money outside, but you are sleeping!

The conditions of the eight pieces of undeveloped land owned by Cheung Kong are as follows:

Yau Ma Tei, Tsim Sha Tsui, Mong Kok, and Sham Shui Tei in Kowloon each have a piece of land with an area of ​​about 120,000 to 18 square feet. Wu Guangyao plans to develop it into a residential community.

There is a piece of land near the sea in Tsim Sha Tsui in Kowloon with a land area of ​​about 200,000 square feet. Wu Guangyao plans to develop it into a commercial complex, all of which are only rented out and not bought.

There are three pieces of land on this island, ranging in size from 100,000 to 180,000 square feet. Wu Guangyao is also planning to develop them into residential and commercial buildings.

The 8 plots of land are very scattered, this is specially arranged by Wu Guangyao, so that Cheung Kong can have more customers to choose from.

At this time, Cheung Kong’s shares are as follows: 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 Ho Hongshen holds 5% of the shares.

At this time, Cheung Kong's account was only a few hundred thousand Hong Kong dollars, and the development of a small real estate could still be transferred. If several real estates were opened together, it would not be possible.

Wu Guangyao called all the shareholders and held a meeting.

"I intend to develop all the land, so I need to raise funds again. It is still the old rule, if you don't want to raise funds, the shares will be diluted. Similarly, you can also choose to withdraw and let me buy your shares." Wu Guangyao Said first.

When everyone heard this, Wu Guangyao was dumbfounded when he opened all the properties together; even if he has money, he still needs manpower!

In fact, they misunderstood a bit. Wu Guangyao planned to start work one after another within a year.

"Guangyao, what is the company's estimated value?" He Hongshen asked.

Hearing this sentence, he knew that Ho Hongshen intends to withdraw. After all, he also opened a real estate company on Hong Kong Island. I am afraid that he also wants to take advantage of this opportunity to sell the shares of Cheung Kong Industries and put the funds into his own real estate company.

However, this is exactly what I want. I have some money in my hands recently, and I want to turn all of it into a career.

"All the land plus property, a total of 28 million Hong Kong dollars. If Brother Shen quits, he can get 1.4 million Hong Kong dollars."

In 5 years, the funds in everyone's hands have increased by 7 times. Wu Guangyao thinks that no one can give them such a good return!

When Ho Hongsun heard 1.4 million, he was so excited. He worked hard in Macau for four or five years, and it was almost this amount;

I didn't expect to put 200,000 Hong Kong dollars in Cheung Kong for 5 years, and I made this figure. It's so worth it!

"Well, I want to quit, after all, I also have a real estate company now!"

"It's understandable, we will sign the share transfer contract later."

Next, Wu Guangyao looked at He Xian and Zhong Ziguang.

"I won't invest any money, and I won't sell it. You should dilute the shares!" Zhong Ziguang said, but he was despising He Hongshen in his heart. This is a real estate development. Are you stupid to run away?

Based on your network and ability, is there one-fifth of Wu Guangyao's?

"I won't invest any money anymore, mainly because of this situation, Guangyao, you want to do a big job, I guess my net worth is considered wet, it can't be compared, it can't be compared!" He Xian joked.

"Haha, it's okay! Everyone is talking about business, fair and just."

Next, under the witness of lawyers, the new shareholding ratio of Cheung Kong was completed.

First of all, Wu Guangyao invested 1.4 million Hong Kong dollars to buy 5% of Ho Hongshen's hands, and his own shares reached 72.5%.

Then, Cheung Kong raised 7 million Hong Kong dollars from Wu Guangyao, which was used as the initial capital for the development of real estate.

The new shareholding situation is: Wu Guangyao holds 80% of the shares, Lin Youde holds 9% of the shares, He Xian and Zhong Ziguang each hold 5.5% of the shares.

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