The rise of Hong Kong's wealthy families

"The land at No. 55 and No. 58 Nantou Street is mine. If the four pieces of land can be jointly developed, the interests will be better improved." Luo Yingshi said with a sincere face.

This is undoubtedly very beneficial to both companies. Joint development can increase the value of land and buildings a lot. He Jiahao is naturally excited, but Luo Yingshi's move seems a bit unusual.

"How do you think Luo Sheng will distribute it?" He Jiahao pondered for a long time before asking.

Luo Yingshi smiled and said, "According to the distribution of land area, the total of land No. 55 and 58 is 15,000 square feet, and the total land of No. 56 and 57 should be 16,000 square feet. There is not much difference, each accounting for 50%. As for the price difference, Great Eagle Properties will compensate He Sheng in the construction fee."

The entire land covers an area of ​​31,000 square feet, which is a very good area in the bustling Mong Kok. It is enough to build a high-end commercial building.

Of course, it is in the best interest of Great Eagle Real Estate to develop the two enclaves together.

He Jiahao thought for a while and continued, "Luo Sheng's suggestion is very good, but I hope that my company can obtain the management rights of the new commercial building."

"Okay, then we will have a happy cooperation!" Luo Yingshi would not refuse. His interests had been maximized, but dealing with a young man like He Jiahao made him feel slightly uncomfortable.

Nantou Street in Mongkok, connected to Canton Road, will become a major retail area. The first and even second floors of commercial buildings will be rented out as popular shops, and the prices may double.

Luo Yingshi's timing was very good, and the possibility of He Jiahao's rejection was very low.

The two discussed the details again, and Luo Yingshi didn't leave until nearly noon.

He Jiahao sat on the leather chair and recalled some things about the Luo family in his previous life.

Luo Yingshi has four sons, all of whom are talented people. They are known as the Five Heroes of the Luo family. The Luo family's career gradually reached its peak in the 1980s. Its Regal Hotel and Bailibao were separated and listed on the stock market, and they separately raised funds through rights issues. There was no difference in the limelight, but the Luo family's business suffered a disaster in 1983. They were heavily in debt and on the verge of bankruptcy.

At this time, the third son Luo Xurui left the family and joined forces with Willis to acquire two companies, Regal Hotel and Bailibao. Although he was a bit treacherous, he preserved the family business.

Among the four sons, Luo Xurui is the most famous. He launched the China-Pakistan Acquisition Station in 1981 and attacked the Grand Hotel in 1988, making a profit of more than 10 million.

"It's amazing. All four sons are capable people." He Jiahao sighed. It's pretty good that a big family doesn't produce waste.

This time, He Jiahao also remembered a China-Pakistan company with treasures. This company owns a large number of parking lots and garages on Hong Kong Island, and they have not yet been developed. They focus on public transportation.

Yunzhimeng Office

He Jiahao looked at the Jianian real estate information in front of him and frowned tightly.

Carnival Real Estate is a listed company in Hong Kong. It owns Dutch Garden and 70% of the equity of Jai Alai Stadium in Omen. The Jai Alai Stadium is located in Shuitang Lane, New Port District, Omen. It was completed in January 1975 and opened in June. It has 5,000 seats. There is a Jai ​​Alai Stadium with 2 seats, an administrative building, and a large open-air parking lot, which contains restaurants, casinos and other facilities.

Ho Hong-shen owns 9% of the shares of Carnival Real Estate and seems to have no interest in Jai Alai Stadium. In fact, he has coveted it for a long time. He neither wants to leave a bad reputation nor fill the debt of Carnival Real Estate in vain.

At this time, Jianian Real Estate also owed a lot of debt, about 18 million, and its annual profit was only more than 2 million, which could just cover the interest. Moreover, when building the Jai Alai Stadium, it borrowed 60 million, although this amount cannot be directly calculated On top of Carnival Real Estate, there is also a certain amount of pressure.

It can be said that Carnival Real Estate has become a quagmire, and few people are willing to step into it. However, when Ho Ka-ho saw that Carnival Real Estate Company owned a large amount of land on Fei Ng Shan Road (later the site of Lan Kwai Fong), he immediately became interested. That land was used to collect property. The rental couldn't be better, it's a family heirloom, and the Jai Alai Stadium can be sold to a gambling king for a small profit.

Jai Alai Stadium is heavily in debt and owes a lot of taxes to the Omen government, so it has been taken over by the government.

Jianian Real Estate has some property investments with a value of about 17 million. At this time, the land on Fei'e Shan Road is not worth 6 million because it is a slope, although it is close to a wealthy area.

The key is that to save Jianian Real Estate, more than 10 million must be injected. This means that to acquire Jianian Real Estate, He Jiahao will need to lose more than 20 million.

After thinking about it, He Jiahao decided to adopt the plan of buying Jianian Real Estate at a low price after rumors spread that 'Jianian Real Estate' was in serious debt and on the verge of bankruptcy. .

So, He Jiahao called Qin Haiming and asked him to do it.

On the third day, the stock of Jianian Real Estate Company plummeted to 0.3 yuan per share, and a large number of scattered shares appeared on the stock market.

He Jiahao took advantage of the situation and came to the trading room of Standard Chartered Bank.

"Qian Sheng, have you been busy lately?"

"He Sheng, as usual, not too busy. Does He Sheng have any tasks for me?" Qian Jun asked smartly.

"Let you help acquire the shares of Jianian Real Estate."

Qian Jun looked at He Jiahao in confusion, "He Sheng, you don't know something. Jianian Real Estate is about to go bankrupt. I'm afraid you will lose money if you buy its shares."

"It doesn't matter, Jianian Real Estate has what I want, and it won't lose money. Please Qian Sheng, please buy more than 50% of Jianian Real Estate's shares now, and don't alarm the investors." He Jiahao said domineeringly.

"Okay!" Seeing that He Jiahao had made up his mind, Qian Jun did not dare to continue persuading him.

Three hours later, Qian Jun stopped the operation and said to He Jiahao, "He Sheng has acquired 51% of the shares of Jianian Real Estate at an average price of 0.36 yuan and a cost of 14.69 million yuan."

"Okay, the hard-earned money is paid off." He Jiahao said.

Since He Jiahao dared to do this, he had thought about the consequences of failure. It was nothing more than a debt of 30 million. It was not a bankrupt matter for him, but it was just a little tricky. Moreover, Yunzhimeng also needed a shell to go public. Jiahao Annual Real Estate can fill this gap.

After taking over Jianian Real Estate, Ho Jiahao quickly sold all the properties of Jianian Real Estate to Manulife Development Company, collecting 15 million yuan in funds, and then returned the money to the lending bank, leaving a debt of 3 million yuan.

They also sent Huo Jianning to lead a team to persuade the Omen government to let Jianian Real Estate take over the management of the Jai Alai Stadium. They also used the bankruptcy of the Jai Alai Stadium as an excuse to force the creditor banks to agree to use 10% of the cash to bankrupt the Jai Alai Stadium. In the end, they spent more than 10 million. Take complete control of the jai alai pitch.

Banks have bad debts every year, so the deal with the Jai Alai Stadium is certainly worth it. Besides, the bank has received millions in repayments, otherwise it would have nothing to lose.

He Jiahao has spent more than 25 million, and the next step is to negotiate with He Hongshen.

He was very confident this time. As the boss of the Omen Casino, Ho Hongshen would not let the Jai Alai Stadium fall into the pockets of others.

"The land at No. 55 and No. 58 Nantou Street is mine. If the four pieces of land can be jointly developed, the interests will be better improved." Luo Yingshi said with a sincere face.

This is undoubtedly very beneficial to both companies. Joint development can increase the value of land and buildings a lot. He Jiahao is naturally excited, but Luo Yingshi's move seems a bit unusual.

"How do you think Luo Sheng will distribute it?" He Jiahao pondered for a long time before asking.

Luo Yingshi smiled and said, "According to the distribution of land area, the total of land No. 55 and 58 is 15,000 square feet, and the total land of No. 56 and 57 should be 16,000 square feet. There is not much difference, each accounting for 50%. As for the price difference, Great Eagle Properties will compensate He Sheng in the construction fee."

The entire land covers an area of ​​31,000 square feet, which is a very good area in the bustling Mong Kok. It is enough to build a high-end commercial building.

Of course, it is in the best interest of Great Eagle Real Estate to develop the two enclaves together.

He Jiahao thought for a while and continued, "Luo Sheng's suggestion is very good, but I hope that my company can obtain the management rights of the new commercial building."

"Okay, then we will have a happy cooperation!" Luo Yingshi would not refuse. His interests had been maximized, but dealing with a young man like He Jiahao made him feel slightly uncomfortable.

Nantou Street in Mongkok, connected to Canton Road, will become a major retail area. The first and even second floors of commercial buildings will be rented out as popular shops, and the prices may double.

Luo Yingshi's timing was very good, and the possibility of He Jiahao's rejection was very low.

The two discussed the details again, and Luo Yingshi didn't leave until nearly noon.

He Jiahao sat on the leather chair and recalled some things about the Luo family in his previous life.

Luo Yingshi has four sons, all of whom are talented people. They are known as the Five Heroes of the Luo family. The Luo family's career gradually reached its peak in the 1980s. Its Regal Hotel and Bailibao were separated and listed on the stock market, and they separately raised funds through rights issues. There was no difference in the limelight, but the Luo family's business suffered a disaster in 1983. They were heavily in debt and on the verge of bankruptcy.

At this time, the third son Luo Xurui left the family and joined forces with Willis to acquire two companies, Regal Hotel and Bailibao. Although he was a bit treacherous, he preserved the family business.

Among the four sons, Luo Xurui is the most famous. He launched the China-Pakistan Acquisition Station in 1981 and attacked the Grand Hotel in 1988, making a profit of more than 10 million.

"It's amazing. All four sons are capable people." He Jiahao sighed. It's pretty good that a big family doesn't produce waste.

This time, He Jiahao also remembered a CMB company with treasures. This company owns a large number of parking lots and garages on Hong Kong Island, and they have not yet been developed. They focus on public transportation.

Yunzhimeng Office

He Jiahao looked at the Jianian real estate information in front of him and frowned tightly.

Carnival Real Estate is a listed company in Hong Kong. It owns Dutch Garden and 70% of the equity of Jai Alai Stadium in Omen. The Jai Alai Stadium is located in Shuitang Lane, New Port District, Omen. It was completed in January 1975 and opened in June. It has 5,000 seats. There is a Jai ​​Alai Stadium with 2 seats, an administrative building, and a large open-air parking lot, which contains restaurants, casinos and other facilities.

Ho Hong-shen owns 9% of the shares of Carnival Real Estate and seems to have no interest in Jai Alai Stadium. In fact, he has coveted it for a long time. He neither wants to leave a bad reputation nor fill the debt of Carnival Real Estate in vain.

At this time, Jianian Real Estate also owed a lot of debt, about 18 million, and its annual profit was only more than 2 million, which could just cover the interest. Moreover, when building the Jai Alai Stadium, it borrowed 60 million, although this amount cannot be directly calculated On top of Carnival Real Estate, there is also a certain amount of pressure.

It can be said that Carnival Real Estate has become a quagmire, and few people are willing to step into it. However, when Ho Ka-ho saw that Carnival Real Estate Company owned a large amount of land on Fei Ng Shan Road (later the site of Lan Kwai Fong), he immediately became interested. That land was used to collect property. The rental couldn't be better, it's a family heirloom, and the Jai Alai Stadium can be sold to a gambling king for a small profit.

Jai Alai Stadium is heavily in debt and owes a lot of taxes to the Omen government, so it has been taken over by the government.

Jianian Real Estate has some property investments with a value of about 17 million. At this time, the land on Fei'e Shan Road is not worth 6 million because it is a slope, although it is close to a wealthy area.

The key is that to save Jianian Real Estate, more than 10 million must be injected. This means that to acquire Jianian Real Estate, He Jiahao will need to lose more than 20 million.

After thinking about it, He Jiahao decided to adopt the plan of buying Jianian Real Estate at a low price after rumors spread that 'Jianian Real Estate' was in serious debt and on the verge of bankruptcy. .

So, He Jiahao called Qin Haiming and asked him to do it.

On the third day, the stock of Jianian Real Estate Company plummeted to 0.3 yuan per share, and a large number of scattered shares appeared on the stock market.

He Jiahao took advantage of the situation and came to the trading room of Standard Chartered Bank.

"Qian Sheng, have you been busy lately?"

"He Sheng, as usual, not too busy. Does He Sheng have any tasks for me?" Qian Jun asked smartly.

"Let you help acquire the shares of Jianian Real Estate."

Qian Jun looked at He Jiahao in confusion, "He Shengqian doesn't know something. Jianian Real Estate is about to go bankrupt. I'm afraid I'll lose money if I buy its shares."

"It doesn't matter, Jianian Real Estate has what I want, and it won't lose money. Please Qian Sheng, please buy more than 50% of Jianian Real Estate's shares now, and don't alarm the investors." He Jiahao said domineeringly.

"Okay!" Seeing that He Jiahao had made up his mind, Qian Jun did not dare to continue persuading him.

Three hours later, Qian Jun stopped the operation and said to He Jiahao, "He Sheng has acquired 51% of the shares of Jianian Real Estate at an average price of 0.36 yuan and a cost of 14.69 million yuan."

"Okay, the hard-earned money is paid off." He Jiahao said.

Since He Jiahao dared to do this, he had thought about the consequences of failure. It was nothing more than a debt of 30 million. It was not a bankrupt matter for him, but it was just a little tricky. Moreover, Yunzhimeng also needed a shell to go public. Jiahao Annual Real Estate can fill this gap.

After taking over Jianian Real Estate, Ho Jiahao quickly sold all the properties of Jianian Real Estate to Manulife Development Company, collecting 15 million yuan in funds, and then returned the money to the lending bank, leaving a debt of 3 million yuan.

They also sent Huo Jianning to lead a team to persuade the Omen government to let Jianian Real Estate take over the management of the Jai Alai Stadium. They also used the bankruptcy of the Jai Alai Stadium as an excuse to force the creditor banks to agree to use 10% of the cash to bankrupt the Jai Alai Stadium. In the end, they spent more than 10 million. Take complete control of the jai alai pitch.

Banks have bad debts every year, so the deal with the Jai Alai Stadium is certainly worth it. Besides, the bank has received millions in repayments, otherwise it would have nothing to lose.

He Jiahao has spent more than 25 million, and the next step is to negotiate with He Hongshen.

He was very confident this time. As the boss of the Omen Casino, Ho Hongshen would not let the Jai Alai Stadium fall into the pockets of others.