I Want To Be a Rich Man on Hong Kong Island

In August, the Yangtze River Tower.

In the office, Wu Guangyao was busy calculating the details of the transfer of Cheung Kong Real Estate's residential property and residential land to Cheung Kong Industrial.

At the beginning of the year, Cheung Kong issued 10 million new shares, raising 310 million Hong Kong dollars;

Among them, 110 million Hong Kong dollars will be used for the construction costs of the New World Center, Changhe Center, and four commercial buildings in the Central District (stage construction costs),

As for the other 200 million Hong Kong dollars, Wu Guangyao intends to use all of them to purchase the land and properties of Cheung Kong Real Estate, and the opportunity is right at this time;

As for the subsequent development costs of these land and properties, it can naturally be solved through loans.

However, 200 million Hong Kong dollars obviously cannot buy many of the 138 properties and land in the hands of Cheung Kong Real Estate;

For the 138 properties and land of Cheung Kong Real Estate, Wu Guangyao only spent 250 million Hong Kong dollars in the "June 7 Incident", but at this time it has appreciated to about 800 million Hong Kong dollars, more than three times the price.

Therefore, Wu Guangyao needs to calculate the specific transaction details!

The information on 138 properties and lands was reviewed by Wu Guangyao countless times, and finally all formed a property system in his mind;

138 properties and land, if the area is calculated, the total is 3.8865 million square feet;

But the transaction must be calculated according to the property to the property, and the land to the land, otherwise Wu Guangyao would not be at a loss!

In the end, Wu Guangyao found 33 properties and land, with a total area of ​​almost 1 million square feet, and planned to sell it to Cheung Kong for HK$200 million;

Next, Wu Guangyao continued to choose properties and land, because he had to use the land and properties to increase his stake in Cheung Kong;

At this time, Wu Guangyao owned 23.5 million shares of Cheung Kong, with a total share capital of 58 million shares, accounting for 40.5% of the shares;

In terms of security (the situation of hostile takeover), it is absolutely safe!

Adding the shares of Lin Youde, He Xian, and Zhong Ziguang, it is almost 49% of the shares;

The reason why it is said to be very safe is that once someone hostilely acquires Cheung Kong Industrial, it will never be done silently;

And Wu Guangyao, who owns 40.5% of the shares, can completely thwart the hostile takeover. He just needs to buy a few more points to consolidate it.

If it is not safe, it is nothing more than that if someone hostilely acquires Cheung Kong, the stock price will be raised, and Wu Guangyao will pay a high price for increasing his shareholding!

For example, when encountering a stock market sniper like Liu in the previous life, or a major shareholder like Wu Guangyao with a large shareholding, it will be easy for him to succeed (withdrawing from the high stock price);

However, there is one thing about Cheung Kong that snipers like Liu dare not take action easily. At this time, Cheung Kong’s market value has reached 2.1 billion Hong Kong dollars, making it the second-highest listed company on Hong Kong Island, second only to Jardine Matheson ;

Waiting until the 1980s, the market value of tens of billions of Hong Kong dollars is appropriate!

In any case, it is impossible for Wu Guangyao to have only 40.5% of his shares, and 49% is Wu Guangyao's bottom line;

After all, Cheung Kong's annual dividends are enough for Wu Guangyao to hold this amount of shares. If not for various factors, Wu Guangyao even planned to take advantage of the sharp drop in stock prices to directly privatize Cheung Kong during the Sino-British negotiations in the 1980s.

This time, Cheung Kong needs to privately issue 9 million new shares. According to the current stock price of 35.5 Hong Kong dollars per share, Wu Guangyao needs to pay 320 million Hong Kong dollars;

Naturally, Wu Guangyao offset this amount with property and land!

Picking and picking, Wu Guangyao picked out a stack of materials, a total of 55 sites and lots, about 1.6 million square feet of land;

The remaining 50 properties have a total land area of ​​1.28 million square feet. The location is slightly better, and they will be sold to Cheung Kong in the late 1970s!

Wu Guangyao spent 250 million Hong Kong dollars to buy land and properties. In the end, Wu Guangyao only recovered 200 million Hong Kong dollars and 50 properties and sites (1.28 million square feet of land, about 280 million Hong Kong dollars);

However, considering that the fixed value of Cheung Kong has skyrocketed,

Then Wu Guangyao's net worth naturally skyrocketed.

.....

In mid-August, Cheung Kong’s shares were suspended from trading, and details of major transactions were disclosed:

First, Cheung Kong purchased 33 properties and lands of Cheung Kong Real Estate with 200 million Hong Kong dollars according to the market price, totaling 1.01 million square feet of land;

Second, in order to facilitate the stock circulation of Cheung Kong, Cheung Kong thinks it will split its shares, one share will be divided into two shares, and the stock price will change from 35.5 Hong Kong dollars to 17.75 Hong Kong dollars;

Third, a private placement of 18 million new shares (after the split) with a total value of HK$319.5 million. Cheung Kong Real Estate increased its holdings with 55 pieces of land and properties.

When the shareholders saw the details of the transaction, the shareholders who held shares in Cheung Kong fell into ecstasy!

why?

With a series of actions by Cheung Kong Industrial, the value of the stocks in the hands of shareholders has not lost a bit, but the strength of Cheung Kong Industrial has increased a lot, then the stock price of Cheung Kong Industrial will surely usher in another rise in the future.

Sure enough, on the opening day, Cheung Kong’s stock price rose from 17.5 Hong Kong dollars per share to 20 Hong Kong dollars per share, with a total market value of 2.68 billion!

Cheung Kong's market value of HK$2.68 billion is close to Jardine Matheson's market value of HK$3.3 billion;

You must know that the assets of the listed part of Jardine Matheson are composed of assets at home and abroad, and there are hundreds of affiliated companies.

At this time, Wu Guangyao held 65 million shares of Changjiang Industrial, with a total share capital of 134 million shares, and Wu Guangyao accounted for 48.5% of the shares;

Then the market value of Cheung Kong Industrial in the hands of Wu Guangyao also reached 1.3 billion Hong Kong dollars.

.....

The Three Musketeers came to Wu Guangyao's office hand in hand.

"Development of residential buildings is not something we are urgent at the moment; therefore, the property and land acquired by Cheung Kong this time do not need to be developed in a hurry; and the order of development is that the land is developed first, and the properties (old buildings) are developed last. , after all, the property can still collect rent and create certain economic benefits!" Wu Guangyao said.

The reason why Wu Guangyao reminded the three people was because Cheung Kong had been rushing to develop residential projects in the past, in order to sell them all before the real estate plummeted (under the premise that Wu Guangyao knew the time of the real estate plummet);

Xiu Yanbing said with a smile: "In the past, our Yangtze River Industries was not strong enough, and we needed to mobilize funds; now, with the strength of our Yangtze River Industries, we can completely cover it for ten or eight years when real estate prices are falling. No problem, wait for the real estate to recover before selling it; therefore, there is really no need to hurry up!"

Shi Jun also said: "The boss often said that if the development of Hong Kong Island is prolonged, then the real estate will definitely rise sharply, and the temporary decline will have no effect at all. Facts have also proved the boss's statement. Since the establishment of Cheung Kong 20 years ago, housing prices have risen. increased by 12 times, and land prices increased by 20 times...."

Li Xing said: "Now we can support the normal development of the company only by collecting rents, so we only need to be optimistic about the long-term development of Hong Kong Island, and some local fluctuations can completely be as stable as Mount Tai."

It can be said that the foundation of Cheung Kong's prosperity has been forged!

After discussing the development strategy of residential land for a while, everyone summarized:

First of all, the company's key development projects are still: Changhe Central Commercial Complex, New World Central Commercial Complex, and four commercial buildings in the Central District;

The second is to develop some residential projects. The land is developed first, and the property is rented; the land with poor location is developed first, and the land with good location is developed later.

Then, Wu Guangyao said, "You should know the rights and interests of Type B land exchange, right?"

The three of them nodded their heads one after another.

Type B land exchange rights and interests, the British call it Letter B. The Hong Kong government began to expropriate the cultivated land of farmers in the New Territories for development purposes in the late 1950s, and then allocated land that could be built in exchange with them, usually 2.5 square feet of cultivated land for 1 square feet of residential land;

Farmers need to get this type B land exchange rights certificate, and they cannot exchange land for you immediately, but wait for the announcement of the land exchange by the Hong Kong government;

So if these farmers want to get real benefits immediately, they basically have nothing to do!

At this time, Kowloon and the main island are still waiting for food and development, and the real estate businessmen naturally would not think of buying these B-type land exchange rights;

Of course, Wu Guangyao is not the only one who is smart. Lee Shau Kee and Chen Tingyao, the chairman of Nan Fung Group, awakened earlier in this respect.

Shi Jun said: "Boss wants to buy this Type B land exchange right?"

Wu Guangyao nodded, and said: "It is much cheaper to buy this kind of 'Type B Land Exchange Rights Book' than the government's auction land. I just need to wait patiently for the Hong Kong government to announce the land exchange, and then I will have a large piece of land to buy at a fair price. ready for building.”

The three of them pondered, carefully thinking about the boss's move!

The "Second Type of Land Exchange Rights and Interests Letter" has a certain priority. This is the original promise of the government. Even if the land auctioned by the Hong Kong government, no matter what price other people offer, the Hong Kong government must give the land to the person with the priority according to the original contract. People, this is the attraction of the 'Second Type of Land Exchange Rights and Interests Book'.

With this kind of priority, once the new territories are developed, the boss will have an incomparable advantage!

So when will the New Territories be developed?

This is the reason why real estate businessmen on Hong Kong Island did not intervene in the "Type B Land Exchange Rights Agreement";

Maybe this "Second Type Land Exchange Rights and Interests Letter" is almost like a piece of waste paper in the eyes of some businessmen, and they dismiss it.

After a long time, Shi Jun said, "It's a matter of time before the Hong Kong government develops the New Territories. Because the mainland has been doing GM for these years, and tens of thousands of mainlanders come to Hong Kong Island every year to seek a living, so the population of Hong Kong Island will continue to increase. So only relying on Kowloon And this island is not enough to accommodate these people. Therefore, the development of the New Territories is a matter of time. I think this 'Second Type of Land Exchange Rights and Interests Book' is very profitable!"

Li Xing and Xiu Yanbing also figured this out, and quickly praised the boss for his foresight!

Wu Guangyao said: "Although it is profitable, the cycle is really long, and most people don't have the patience! You can help me set up a team to carry out this task for a long time; and remember, don't fool those farmers, buy and sell freely, and buy aboveboard ; But there is also one point, we can’t hype up this land exchange rights agreement, and proceed slowly.”

Shi Jun said, "Don't worry, boss! I know what to do!"

Land reserve is undoubtedly the core of a real estate company. When the land price is high, many real estate companies are timid;

Those real estate companies with a large amount of land seem to have come to a feast, they only need to open their mouths and enjoy the feast.

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