I Want To Be a Rich Man on Hong Kong Island

Chapter 479: Real estate big friend! 】

In April, a newspaper published the top ten real estate companies out of Hong Kong Island, which immediately attracted the attention of Hong Kong residents and sparked discussions at GF;

"No way, the top three are Wu Chaoren's real estate companies? Hongkong Land is not in the top three?"

"I think this reporter's analysis is very reasonable, Landmark cannot be ranked in the top three; look at the following, the analysis is well-founded."

I saw that it was clearly written in the newspapers and periodicals, making it clear at a glance;

The first place, Cheung Kong, a listed company, has a market capitalization of 5.5 billion Hong Kong dollars, accounting for 9% of the total market capitalization of the Hong Kong stock market, surpassing Jardine Matheson and becoming the company with the highest market capitalization on Hong Kong Island;

The properties owned by Cheung Kong are as follows:

1. Hong Kong Yangtze River Center commercial complex (property area of ​​2.51 million square feet), the annual rent reached 88 million Hong Kong dollars in 1970;

2. The Changhe Center commercial complex in Singapore (the property area is 3.1 million square feet, excluding hotels.), the annual rent is expected to reach 45 million Hong Kong dollars.

3. Hong Kong New World Center commercial complex (property area of ​​2.2 million square feet, excluding hotels.), expected to be completed in 1974.

4. Six grade-A office buildings in the central ring of the island (property area of ​​2.6 million square feet), the estimated rent in 1971 can reach 100 million Hong Kong dollars.

5. The land reserve is about 2.6 million square feet, and there are 16 sites under development, totaling about 500,000 square feet, with an annual profit of 20 million Hong Kong dollars.

6. Three industrial buildings (property area of ​​50 square feet), with an annual rent of 8 million Hong Kong dollars.

Summary: Cheung Kong's annual profit can reach about 250 million Hong Kong dollars, the rentable area can reach about 11 million square feet, and its financial status is good.

The second place is Wharf Group, a listed company with a market value of up to 3 billion Hong Kong dollars; after the Wu family took control of Wharf Group, shareholders have been optimistic about the development of Wharf Group, so the stock price is still strong, which is 300 million Hong Kong dollars higher than the total market value of Landmark (Landmark and Jardines have started to trade lower after losing Dairy Farm and Wharf.)

The properties and assets owned by Wharf Group are as follows:

1. Wharf, with a total area of ​​11.8 million square feet, and the area of ​​commercial development rights that can be built is estimated to be about 3.5 million square feet; deep-water docks, warehouses, Ocean Terminal, and Harbor City (under construction) are all important on this land property.

2. Star Ferry

3. Hong Kong Tramways (holding 35%)

4. The land of the main island and the New Territories wharf

Summary: The Wharf Group has a large number of land reserves at the "Land King" level, and now it has been replaced by a family that is not short of money. The future development can be expected!

The third place, Cheung Kong Real Estate Company,

An unlisted company; as an unlisted real estate company, the ranking is ahead of Hongkong Land, and the author thinks there are reasons for it;

The approximate assets of Cheung Kong Real Estate are as follows:

1. Universal Building and Cheung Kong Building, two top buildings in Central, with a property area of ​​800,000 square feet and a rent of HK$4.5 per square foot per month.

2. Galaxy Center (3 buildings) under construction on Salisbury Road, Kowloon, with a land area of ​​133,000 square feet, the "land king" in Kowloon.

3. Cheung Kong Building, which is under construction in the reclamation area of ​​the Central District, has a land area of ​​53,000 square feet and is the "land king" in Central.

4. Star Building, on the west side of Salisbury Road, Kowloon, and near the Star Ferry Terminal, is a rare commercial building.

5. 31% of the equity of the Milk Company. The Milk Company owns a large amount of land on the island, including 1.2 million square feet in Causeway Bay, 1 million square feet in Pok Fu Lam, and a few scattered lands. It can be called the "big landlord" of the island.

6. A number of high-quality land, estimated to be around 1 million square feet (Author's note: 5 old commercial buildings in Central, 50 high-quality properties and land, with a land area of ​​1.28 million square feet.)

Summary: As Wu Chaoren's private real estate company, there are only a lot of specific assets!

When Wu Guangyao saw this newspaper, he couldn't help touching the bridge of his nose;

"I'm still fighting towards the 'Wu Bancheng' on Hong Kong Island, but I didn't expect my strength to be so strong! Hey, how lonely it is to be invincible!" Wu Guangyao said to himself.

Although this newspaper gave Wu Guangyao a high rating, Wu Guangyao knew that there were still many real estate projects that he needed to intervene in;

For example, the land reserve owned by Hutchison is one of the things Wu Guangyao values ​​more;

Coincidentally, Qi Dezun has become obsessed with stock trading in the past few years, and the stock price will plummet in two years, and Hutchison will be burdened with a large amount of debt;

When Wu Guangyao moves into Hutchison, it will be a matter of course!

At that time, not only HSBC is willing to support him, even Qi Dezun himself is willing to support Wu Guangyao;

Wu Guangyao's conditions in all aspects are much better than that of Li Chaoren in his previous life!

Apart from He Huang, Wu Guangyao still has many companies and projects that need to be involved. Those are funeral affairs, so let's not list them for now!

Sir Zhou Xinian, chairman of the milk company, took the initiative to come to Wu Guangyao's office. Wu Guangyao seemed to have guessed what he wanted!

"Guangyao, I wonder if you are interested in the 15% milk shares in my hand?" Zhou Xinian said in a slightly dispirited tone.

Zhou Xinian had a hard time during this time. Although he was still the chairman of the milk company, with the joining of the Changjiang Department and Landmark Department, he could have a say in the milk and ice business, like the new The established real estate company is completely controlled by the Changjiang Department and the Hongkong Land Department!

In addition, the stock price of Milk Company is good now, so Zhou Xinian decided to retire!

Zhou Xinian knew that the reason why both parties still respected him was that he had accumulated some contacts in the officialdom in the past few years;

But as time goes on, these influences will gradually weaken, so you might as well cash out as soon as possible!

Wu Guangyao nodded and said: "Since Brother Zhou feels aggrieved, I won't keep you anymore! Now that you cash out, at least you won't lose money; now the stock price of Milk Company is 19 Hong Kong dollars per share, and you own 15% of the shares (total The share capital has become 25.5 million shares), how about I buy your shares for 72.67 million Hong Kong dollars?"

"Of course, I have no objection! Speaking of it, I'm still taking advantage. Now that the market is at its peak, there is absolutely no need for you to pay such a high price!" Zhou Xinian sighed.

What Zhou Xinian said was right, Wu Guangyao originally planned to buy more shares in the milk company when the stock market crash came;

But now that Zhou Xinian proposed it on his own initiative, Wu Guangyao had no reason to refuse;

Because Zhou Xinian voluntarily gave up the position of chairman, this is the most important condition for Wu Guangyao;

If Zhou Xinian has been occupying the position, Wu Guangyao will not be able to do anything at all!

After all, everyone is Chinese, and Wu Guangyao had promised him beforehand that he would retain the chairmanship of the milk company.

Since he took the initiative to give way to the virtuous now, there is no reason why he should not cherish it;

After Wu Guangyao owns 46% of the milk company's shares, he is only one step away from privatizing the milk company;

I believe that Hongkong Land will be very interested in selling shares in the next two years;

Because Landmark is also worried that once the stock price falls, Wu Guangyao will force the milk company to be privatized;

At that time, not only will they not be able to share the profits, but they will also have to lose stock prices.

When the transaction between Wu Guangyao and Zhou Xinian was made public, the people on Hong Kong Island shouted: "Wu Chaoren, a big friend of Hong Kong Island Real Estate!"

And Henry Keswick urgently convened a high-level meeting of Landmark.

"It's no wonder Wu Guangyao is only willing to develop some small land for the newly formed Dairy Real Estate. It seems that he has calculated that Zhou Xinian will withdraw from the Dairy Company. At this time, he owns 46% of the shares, which is only one step away from privatization!" Henry Kaiser K said.

The executives were very curious. Even if Wu Guangyao had 46% of the shares, it would cost at least 260 million Hong Kong dollars to privatize the milk company's shares. Wouldn't it be worth the candle for such a big price?

Only Niu Bijian said: "What Taipan means is that the prefectural and stock markets on Hong Kong Island are in danger of falling again?"

Everyone was stunned, thinking that Wu Guangyao had this idea in the first place!

Henry Keswick said: "It's not clear, but Wu Guangyao can wait! And we can't wait, because we can't hand over our fate to Wu Guangyao and wait for him to privatize the milk company at a low price."

Everyone nodded. There is really no need to participate in the affairs of the milk company anymore. Taking advantage of the current high stock price, it is reasonable to cash out quietly!