The rise of Hong Kong's wealthy families

Chapter 41 Millennium Architecture

"Autumn Fairy Tale" and "The Legend of Dragon and Tiger" have been released for more than 20 days, and there is less than a week until the release of the movie. The box office of "Autumn Fairy Tale" has exceeded 15 million, while "The Legend of Dragon and Tiger" only has 12 million. It seems that it is difficult to hit 15 million.

Ho Jiahao thinks that "The Legend of Dragon and Tiger" can reach 15 million, which is already good, because the previous version of "The Legend of Dragon and Tiger" only had more than 19 million in the 1980s.

The movie "God of Gamblers" is already halfway through production, and Qin Haiming is ready to compete with it on New Year's Day, trying to beat Golden Harvest and all the film companies.

This was a good idea, so He Jiahao agreed.

Manulife Development Corporation Office

He Jiahao was sitting in town as usual, handling matters.

Suddenly, Huo Jianning knocked on the door and came in with several documents in his hand, "Boss, I sorted out the information on British-owned enterprises and construction companies in Hong Kong and found a few companies that should interest you."

"Oh, it seems we are about to enter the fast lane." He Jiahao joked, opened the file, and the four characters "Qingzhou Yingni" came into his mind.

He remembered that in his previous life, after Li Jiacheng failed to acquire Wharf in 1978, he turned around and secretly purchased Qingzhou Yingni shares in the stock market.

Qingzhou Ying Cement Company was established in Macau in 1887 and later moved to Hong Kong. Due to the needs of industrial development, it simply moved its headquarters to Hong Kong. The original factory was located in Hung Hom, Kowloon. As the population of Hung Hom increased rapidly, it was moved to Kennedy Town. .

The old Hung Hom factory site covers an area of ​​800,000 square feet and is no more than 4 kilometers away from Central. It is located in Yau Tsim Mong District and faces the coast. It is a very high-quality land.

Qingzhou Yingni Co., Ltd. is a listed company controlled by the Kane family, which holds about 28% of the shares. The total share capital is only 40 million shares, currently worth 1.8 Hong Kong dollars per share.

"It's indeed very good. Do you plan to continue to mortgage Manulife's properties to bank loans, and then acquire the funds to acquire Qingzhou Yingni?" He Jiahao understood Huo Jianning's idea at once. It would be a good idea to take it first before Li Jiacheng noticed it. A good plan.

Because of the competition with Li Jiacheng, He Jiahao will definitely not be able to defeat him.

"Yes, if we mortgage two industrial buildings in North Point with a loan worth 80% of the total value, we can get about 10 million, plus the box office of the two movies. If everything goes well, we can purchase 28% of the shares and cooperate with the major shareholders. The Kane family owns the same amount of equity and is slowly purchasing it secretly. However, Qingzhou Yingni's land in Hung Hom is industrial land. According to the law, commercial buildings or residences cannot be built on that land unless the price difference is made up." Huo Jianning analyzed He said, "Xiangjiang has a lot of people but little land. Even if the price difference is 500 million, I think there is a big profit."

The real estate in Xiangjiang is really incredible. The land prices in the 1960s and the 1970s have almost doubled, and it is still to the extent that even if you have money, you may not be able to own land. You see, the land exchange rights and interests in the New Territories are now being snatched up like crazy. Just know.

"The Kane family has been entrenched in Qingzhou Yingni for nearly a hundred years, and most of the shareholders are British. Even if we gain 10% more equity, I'm afraid we won't be able to control the board of directors. And it will wake up the Kane family. If other families are introduced, we will still You will lose money." He Jiahao pinched his chin, thought for a while, and felt that it was too risky. Li Chaoren was watching, "But this is a piece of fat, so let's secretly buy shares in Standard Chartered Bank first. When the time is right, we Swallow Qingzhou Yingni again in one fell swoop.”

Forty to fifty million can get 800,000 square feet of land, which is indeed a bargain price, but he is not Chen Songqing. He only cares about conquering cities and land without caring about digestion. It is easy to go bankrupt like that.

"Well, there are only about 40% of the stocks circulating in the market. Acquisition of 28% will definitely stimulate the market and arouse the alarm of the Kane family." Huo Jianning was also a little worried, but he just hoped that the boss could acquire Qingzhou Yingni from other places. Shares can be taken in this way, but the boss's current intention is obviously not to be in a hurry.

He Jiahao saw Huo Jianning's thoughts, and after careful consideration, he said, "You will be the leader of this acquisition. If you can acquire more than 40% of the shares, you can do it directly."

Compared with a large amount of funds, He Jiahao feels that cultivating Huo Jianning is more important.

"Okay." Huo Jianning's face improved a lot, and his boss accepted his suggestion.

Then, he said: "Boss, after comparing the information of construction companies, I selected these three companies."

He Jiahao found the document and read it carefully.

tianfu construction co., ltd.

Lanfeng Construction Company

Millennium Construction Company is an unlisted construction company that mainly focuses on high-end residential projects. It has developed Tianhai Community and Xiaqun Garden in Causeway Bay. It joined real estate in 1972 and borrowed 5 million yuan from Standard Chartered Bank as a mortgage for 34% of its shares. In 1973, it encountered an economic crisis and the property management company Big drop

He Jiahao put down the document and looked at the table in trance, with a bad expression on his face, "Millennium Construction's business direction is very suitable for us, and the debt is also very serious. It requires an investment of 10 million to operate. How is Standard Chartered Bank disposing of Millennium Construction now?"

"Standard Chartered Bank has hired professional brokers to manage it through the board of directors, but it has been half-dead for three or four years. As you know, the construction industry is not much weaker than the real estate industry. Only some small companies are willing to cooperate with Millennium Construction, and they are losing money every year, probably in About three hundred thousand." Huo Jianning told the situation that was not in the document.

"Which company do you think is the best?"

"Same as your opinion, Millennium Architecture is the best fit for us. Tianfu and Lanfeng have a wide range of business. Tianfu mainly involves residential and industrial buildings, and Lanfeng is involved in all aspects of the construction field. The needs of these two companies The price we pay is higher, Tianfu costs about 13 million, and Haifeng costs 21 million."

"Then let's go to Millennium Construction. Greed will only make us difficult. Manulife can only mess around in the residential field for the time being." He Jiahao took a long breath and suppressed his greed. "I will handle Standard Chartered Bank. You go and contact the remaining shareholders, and the maximum premium this time is 10%. If you encounter tough people, let them go first. Our funds are very tight, and we won’t be able to get more cash until next year.”

He Jiahao and Huo Jianning have the same idea. Since they want to acquire, they must have absolute say in the matter. After all, Manulife will show its talents in the real estate industry next, and Millennium Construction will not be short of projects.

But with such a bilateral war, its companies will return to the previous situation. Millennium Construction Company alone will use up all the funds collected from the movie box office, and needs to add a little more.

"Let's endure it for a while. By next year, the situation will get better." He Jiahao sighed and murmured.

All he was thinking about was the Wharf War, where he could earn one or two billion in cash and a large number of Wharf shares.

In fact, He Jiahao really wants to eat Qingzhou Yingni, but due to the memory of his previous life, he thinks that Li Chaoren will not acquire Qingzhou Yingni before acquiring Hepu International, so he also wants to slowly digest the current company and develop the land to collect funds .

However, all this takes time, and being impatient to eat hot tofu will only make things worse.

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