I Want To Be a Rich Man on Hong Kong Island

One day in May.

Wu Guangyao came to Wharf, surrounded by a group of executives, plus company staff and bodyguards, very much like a leader traveling in a previous life.

The five flagpoles are very conspicuous at the entrance, and the flags of five colors flutter in the wind, which is very magnificent;

Seeing the Harbor City under construction, Wu Guangyao was overwhelmed with emotion;

In the previous life, the Wharf Harbor City accounted for 7% of the total retail sales in Hong Kong, and the annual rent was 10 billion. One can imagine how profitable it is.

"It's a pity that this 430,000-square-foot site, if a taller building can be built, it will be more perfect!" Wu Guangyao said with a sigh.

When Shi Jun heard Wu Guangyao's words, he also felt a sense of loss;

But what Wu Guangyao said next made Shi Jun more passionate!

"However, with the development of aircraft take-off technology, it is only a matter of time before the altitude restriction is lifted here!"

However, Wu Guangyao knew that there were five super buildings erected in Wharf in his previous life, and each building was about 40 stories high. What's more, these five buildings were still big and fat, looking very thick and strong;

It is with these buildings built later and the shopping malls on the ground that the property area of ​​the entire Wharf Harbor City reaches 10 million square feet;

You know, a Yangtze River Center is only 2.51 million square feet, and a New World Center is only 3 million square feet;

And a complete Harbor City has a property area of ​​tens of millions of square feet.

"That's really great, the vacant site over there just happened to stay at that time, let's flex our muscles!"

"I think so too!"

At this time, less than half of the land that Wharf can develop high-altitude rights has been utilized;

Therefore, the future Harbor City may be half tall buildings and half short buildings.

After a group of people visited Harbor City, they came to the meeting room of Wharf Group.

"I have decided to privatize Wharf immediately!" Wu Guangyao said loudly.

At this time, the market value of Wharf Group was only 700 million Hong Kong dollars, which was seriously underestimated!

Strange to say,

The stock of Wharf Group has always been undervalued;

In the previous life, in the late 1970s, it was precisely because the market value of Wharf was only about 1.3 billion Hong Kong dollars, Li Chao was like discovering a new world; We know that the annual rental income has reached more than 10 billion Hong Kong dollars, and the price-earnings ratio is only 13 times.

"How much premium does the boss plan to acquire?"

Shi Jun was also very excited. He pretended to be poor all these years, but he, the president, was exhausted;

It turned out that Wu Guangyao told Shi Jun that Wharf's stock would be undervalued by investors in Hong Kong Island;

Therefore, Shi Jun could only take some measures to thoroughly investigate Wharf's finances.

At this time, Wharf's bank loan funds reached 500 million Hong Kong dollars, and at the same time issued 180 million Hong Kong dollars of 8% interest convertible bonds, and 220 million Hong Kong dollars of 7.5% interest bonds with warrants.

In particular, the 400 million Hong Kong dollars in bonds made Wharf stocks unable to lift their heads;

It turned out that some shareholders who held shares sold Wharf shares one after another to raise funds to buy bonds;

After all, this bond has interest, which is as high as seven or eight percent, while the bank only has two or three percent;

At the same time, if this bond issues new shares in Wharf, it can give priority to new shares.

"For a 40% premium, I don't want to fight a protracted battle, I want a quick solution!" Wu Guangyao said decisively.

Two weeks later, Wharf has all belonged to Wu Guangyao himself;

Of course, Wharf also controls these two listed companies - the Star Ferry and Hong Kong Tramways.

For the privatization of Wharf Group this time, Wu Guangyao paid a total of 500 million Hong Kong dollars;

For Wu Guangyao, it was as cheap as the price of cabbage!

After the privatization of Wharf, Wu Guangyao didn't need to consider other factors, and just waved his hand and injected another 500 million Hong Kong dollars in cash into Wharf's account.

The purpose of this money is twofold: first, to reduce debt; second, to purchase the land in Causeway Bay of Hong Kong Tramway, a subsidiary company (that is, the land in Times Square in later generations).

Wu Guangyao's future plan for Wharf Group is:

In the 1970s, the first phase of Harbor City was built.

In the 1980s, the second phase of Harbor City (the remaining land of Wharf), Times Square (the land of Causeway Bay Tramway Main Factory), and

In the 1990s, he invested in Plaza Hollywood, Diamond Hill, Kowloon, and commercial real estate in the Mainland.

It can be said that the future of Wharf may be the largest commercial real estate company in the world.

 …

The storm of privatization of Wharf has not yet subsided. Immediately afterwards, Cheung Kong Industrial and Baiyou Group formed a joint company, Changyou Company, and announced the privatization of the milk company.

Immediately, investors in Hong Kong Island fell into ecstasy!

The Hang Seng Index has experienced ups and downs this year, with repeated tug-of-war between 400 and 600 points.

Affected by the privatization of Wharf, the Hang Seng Index directly climbed from 500 points to 550 points;

Today, Changyou Company announced that it will privatize the milk company at a premium of 35%, and the stockholders will not be happy!

And the reason why Wu Guangyao let Cheung Kong and Baiyou Group form a joint company to privatize the milk company means that the milk company will be split;

Baiyou Group got the dairy company’s own business—dairy farm, milk brand, and ice-making, and Cheung Kong Enterprises got the dairy company’s 2.3 million square feet of land (the land in Causeway Bay and Pok Fu Lam).

After the privatization of Wharf and Milk Company, Wu Guangyao finally stopped and decided not to privatize other companies for the time being.

Although there is no privatization action, other actions of the Wu family are very large;

People on Hong Kong Island think that Hong Kong's real estate and securities are about to rise again.

 …

Qingzhou Yingcai and Cheung Kong Real Estate reached an agreement that Qingzhou Yingli sold the 900,000 yuan industrial land in Hung Hom to Cheung Kong Real Estate at a price of 50 million Hong Kong dollars;

At the same time, Wu Guangyao sold 35% of Qingzhou British Clay shares owned by himself to Changjiang Industrial;

Therefore, Qingzhou Yingni will become a subsidiary of Cheung Kong Industries.

Originally, Wu Guangyao planned to let Cheung Kong Industry directly privatize Qingzhou Yingni;

However, the management of Qingzhou Yingclay persuaded Wu Guangyao to maintain the listing status of Qingzhou Yingclay, and will receive special care from the Hong Kong government;

At the same time, the management of Qingzhou Yingni is willing to accept the management of Cheung Kong Industrial Group.

Therefore, Wu Guangyao agreed to Qingzhou Yingni's management's request!

In Wu Guangyao's mind, Qingzhou Yingclay maintains its listed status, which will also facilitate its investment in the mainland market in the future.

Of course, Cheung Kong Holdings 35% is just an expedient measure, because Wu Guangyao sold 14% of his shares at the peak of the stock market in March last year; in the second half of this year, regardless of the Hang Seng Index, he will slowly increase his holdings of Qingzhou Ying Clay shares.

 …

After a lot of left-handed and right-handed, Wu Guangyao still has two companies with a lot of land in his hands-Hong Kong Electric and China Pakistan;

Among them, the land of CMB is only about 300,000 square feet, which was sold directly to Cheung Kong in the 1980s;

The land of HK Electric is too large, close to 4 million square feet, of which the North Point Power Plant is about 900,000 square feet, and the Ap Lei Chau Power Plant is about 300 square feet, but these two lands are currently power plants;

Only after the power plant is relocated to Lamma Island, these two pieces of land can be used to develop large-scale housing estates!

The entire Ap Lei Chau has a total of 90,000 people living in later generations, and it is known as one of the most densely populated places in the world.

These two large-scale housing projects are the classic works of Superman Li;

The reason why later generations Li Chaoren is more famous than other real estate developers;

Rely on these large housing estate projects!

Therefore, Wu Guangyao felt at ease when he snatched it!

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