I Want To Be a Rich Man on Hong Kong Island

Since the establishment of the Kowloon Exchange, it has not listed companies on a large scale, but has chosen to be cautious;

Of course, the Kowloon Exchange will not make things difficult for listed companies.

Following Cheung Kong, the company listed on the Kowloon Stock Exchange is Hualian Garment Factory, whose boss is Lin Shengcai, vice president of the Hong Kong Island Chamber of Commerce;

Hualian Garment Factory raised a total of 15 million Hong Kong dollars, accounting for 26% of the total shares;

The purpose of raising funds is to purchase land to build new factories and expand the scale.

The third listed company is a very surprising company - Xianshi Department Store, a long-established Chinese department store;

Xianshi Department Store raised 20 million Hong Kong dollars, accounting for 30% of the total shares;

The funds raised will be used to open a new department store in Kowloon, and continue to open foreign procurement channels.

The fourth listed company is a Jewish company called Dali Enterprise, mainly engaged in department stores and clothing;

Raised 1,800 Hong Kong dollars, accounting for 30% of the total shares, and the proceeds were used to expand the scale of the enterprise.

At present, the four listed companies on the Kowloon Exchange can be said to be high-quality assets, and no one can fault them;

In the nine months since its establishment, only four companies have been approved for listing, which is also a normal level;

It's neither that the flood of stocks disrupted the market, nor that it's not doing practical things.

At the end of April, the listing application materials of Hong Kong Island First Construction were placed on the desk of Li Fuzhao, chairman of the Kowloon Exchange.

"Funding of 25 million Hong Kong dollars, accounting for 25% of the total share capital!"

Li Fuzhao sucked in a breath of air. Any company of this "Shark Gu Yao" can be worth hundreds of millions, which is simply terrifying.

Of course, Li Fuzhao will not cheat for personal gain just because Wu Guangyao is the former chairman of the Kowloon Exchange;

Everything needs to be done according to the rules. The first thing is to personally take people to Hong Kong Island First Construction to investigate the financial and operating conditions.

Only companies that agree with the conditions are eligible to go public!

Of course, from the bottom of his heart, Li Fuzhao believed in the listing information. After all, Hong Kong Island First Construction's performance has evidence to check.

Moreover, Hong Kong Island First Construction is the first construction company on Hong Kong Island to obtain a Class C license, which is the highest level of construction license on Hong Kong Island;

A construction company with a Class C license can bid for an unlimited number of projects.

The building licenses on Hong Kong Island are divided into three levels - ABC, issued by the Hong Kong Government Works Bureau;

Among them, the A-level license is an entry-level license, which can undertake small projects of less than 1 million Hong Kong dollars (in the 1980s, it was relaxed to less than 3 million Hong Kong dollars).

Don't look at a Class A license, in fact, it is very difficult for a company that has just entered the industry to obtain it.

If you are not a graduate of architecture, or do not have architectural talents, the Hong Kong government will not issue you an A-level license.

Lu Xiaopei's Gonghe Building has obtained the A-level license from the very beginning, which is not easy;

This is because Lu Xiaopei graduated from an authentic architectural university and has been engaged in construction contracting in the Mainland for many years.

Class B licenses already belong to very good builders. Construction companies with Class B licenses can undertake medium-sized projects of less than 10 million Hong Kong dollars.

Don't underestimate the project costing HK$10 million. In real estate development in this era, more than 95% of the real estate construction prices will not exceed HK$10 million.

So far on Hong Kong Island, no real estate company has developed a project with thousands of residential units;

Of course, this does not include Cheung Kong, which is an exception.

The reason is that all real estate companies are keen on developing small properties;

The investment is not high, and the collection speed is fast. This real estate is almost developed, and it can be developed again, just like an assembly line.

As for the real estate developed by Changjiang Industrial, tens of millions of funds are used for one real estate;

Generally, it takes two years for a company to develop such a building;

In case of an accident, wouldn't it be a loss.

Companies with the strength to develop this kind of real estate are either due to lack of experience or are worried about losing money, such as Hongkong Land Company, Hutchison...

As for the highest level C-level license, it depends on performance. Without the experience of building a few commercial buildings and high-rise residential buildings, it is absolutely impossible to issue it to you.

The construction of high-rise buildings on Hong Kong Island only started in 1955. Who had the technology to build them at that time!

Not all European and American construction companies are invited.

Hong Kong Island First Construction can be said to have stepped on European and American construction companies to upgrade to a C-level license;

Of course, this so-called stepping down is naturally to cooperate in the development of real estate, spend money to buy technology, and hire European and American architects with high salaries.

Li Fuzhao came to the Hong Kong Island No. 1 office building located in the commercial building in the center of the Yangtze River, and met Chen Cheng.

"Chen Sheng, Hong Kong Island First Construction said that it will use the financing money to acquire an American construction company. Can you explain to me in detail?" Li Fuzhao's tone was neither humble nor overbearing. The more serious he is, the more Wu Guangyao will feel that he has not entrusted the wrong person.

After all, Li Fuzhao still has a little understanding of how the God of Wealth behaves!

It can be said that Hong Kong Island has not had any bad news about the God of Wealth so far.

In fact, Li Fuzhao did not know that even if there were unfavorable news about Wu Guangyao, few newspapers dared to publish it;

Because the Eastern News Agency has now become the overlord of various newspapers, and no newspaper office wants to offend the boss of the Eastern News Agency.

Sitting in his position as the president, Chen Cheng was in a very happy mood. Seeing that Li Fuzhao came to him to understand the situation, he naturally couldn't show off.

"Okay, Chairman Li! The American Darling Construction Company we acquired is a strong construction company in San Francisco..."

The two started chatting with questions and answers, while other Kowloon Exchange staff were guests in the financial office of Hong Kong Island No. 1 Construction.

There is such a problem in listing. After listing, the company's finances must be known clearly;

Therefore, many people are unwilling to list their companies in order to hide their wealth, or hide some shady things.

In capitalist society, it is generally believed that only a listed company is a company with real development potential;

Because of its sound system, it also accepts public supervision.

This is also one of the reasons why there are many foreign companies that can survive for hundreds of years!

 …

The listing of First Construction on Hong Kong Island can be said to be riding a bull, thanks to the vigorous development of the real estate industry; this year's stock market transactions are particularly active, with the transaction volume in the first four months reaching as high as 500 million Hong Kong dollars.

There is also a reason why Wu Guangyao let Hong Kong Island go public in early May;

It turns out that Jardine Matheson will choose to go public in June, and it will be wildly sought after by the people of Hong Kong Island;

The scene was several times crazier than Cheung Kong's IPO. It can be seen that Hong Kong people in this era have far more confidence in British-funded foreign firms than Chinese-funded enterprises.

Hong Kong Island First Construction’s listing plan is: issue 10 million new shares (a total of 200,000 shares), the stock price is 2.5 Hong Kong dollars, and raise funds of 25 million Hong Kong dollars, accounting for 25% of the total share capital.

Wu Guangyao holds 30 million shares of Hong Kong Island First Construction, and Lin Yueru holds 10 million shares of Hong Kong Island First Construction. The two together hold 75% of the shares of Hong Kong Island First Construction.

It can be said that the Wu family added another 75 million Hong Kong dollars in assets without paying attention;

The shares held by the Wu family in Cheung Kong have also been raised to 13.5 Hong Kong dollars per share (the issue price is 7 Hong Kong dollars per share);

The total market capitalization of Cheung Kong is close to double that of entering the market, as high as 650 million Hong Kong dollars;

The value of the shares in the hands of the Wu family has also reached 400 million Hong Kong dollars.

Good guy, it's no wonder the bosses of future generations are keen to go public, and this net worth has risen too fast!

Of course, Wu Guangyao will not throw away some of his shares now;

Because, the market value of Cheung Kong Industries is far from reaching expectations, because the real estate industry on Hong Kong Island will not rise until early 1965.