Traveling through the 60s, living a life of wealth and prosperity

Chapter 454: Peninsula Mansion
"Okay, General Manager Ouyang, let's do it according to this idea and complete the transfer of the land as soon as possible.
The purpose of holding a press conference is to build momentum for our food street and to establish our reputation as a food destination, so that it will be easier for everyone to attract investment.”

"Okay, boss, I'll do it according to your idea."

"Okay, that's it, go ahead and get busy."

"Okay, boss. I'll be busy now."

Wang Yuanchao was very excited about the new progress in the things he cared about. After resting for a while in the chair,
The phone in Wang Yuanchao's office rang.

[Hello, who is this?]

[Dear, I'm Michelle. Today at work, our bank received two pieces of land transfer news, which are exactly what you and I asked for.]

[Haha, it's Michelle, great, where is the plot of land? ]

[One is a 22.5-acre plot of land near Hung Hom, Kowloon.
One is a 150-acre factory next to the Nan Fung Spinning Mill in Tsuen Wan.

In 1975, there were more than 8000 garment factories in Hong Kong, with 26 people working in the industry.
A factory building of 150 acres is very rare, so Wang Yuanchao asked:
[Misiro, this is a large factory. Do you know the details? ]

[Dear, this factory is the clothing factory of Zhen Shan Mei Clothing.
Zhen Shan Mei Clothing used to be one of the top five clothing brands in Hong Kong.
The boss Qin Wenbo made a lot of money, but the competition in Hong Kong's clothing industry has been very fierce in recent years, and the workers' wages have risen rapidly.
So Qin Wenbo began his transformation into the real estate industry.

The financial crisis caused by this stock market crash has not shown any signs of ending yet.

Qin Wenbo's capital chain could no longer hold out, so he planned to sell the garment factory and bet completely on the real estate industry in Hong Kong.

[Miss Lu, you guys at HSBC are really well-informed.

Did Boss Qin tell you how much he plans to sell this factory for? 】

[Dear, Mr. Qin of Zhenshanmei Garment Factory has always had various things with HSBC. When he first started the garment factory and engaged in real estate, he took out loans from HSBC.

Now that his funding chain is about to break, if he wants to sell his assets, he naturally needs to negotiate with HSBC.

As for the price, the Zhen Shan Mei Garment Factory has not yet made it clear, but Qin Wenbo's company has a debt of more than 1300 million that is about to mature.

Qin Wenbo wanted his company to survive the bankruptcy crisis caused by the broken capital chain.
The price of selling the Zhen Shan Mei Garment Factory must be higher than this amount.
Otherwise, it would be meaningless for him to sell the Zhen Shan Mei Garment Factory. 】

When Wang Yuanchao heard this, he knew that this boss Qin Wenbo must have been forced to pay back his debts by HSBC.

At this time, Hong Kong's banking industry was basically controlled by white-collar firms. Although there were some Chinese-owned banks, the white-collar firms were too lazy to deal with them because they were small in size. If they were larger in size, the white-collar firms would try to acquire them.
For example, Hang Seng Bank was forced to sell its controlling stake to HSBC due to a bank run.
During this era, the white people in Hong Kong used numerous and endless means to use financial leverage and loans to swallow up Chinese businesses.

Moreover, their swallowing up is legal and reasonable, and no one can say anything about it.

Wang Yuanchao estimated that Qin Wenbo of the Zhenshanmei Garment Factory was being targeted, but Wang Yuanchao was not a saint or a savior, so he didn't bother to care whether he was being targeted or not, so he said:

[Okay, Michelle, when are you free? How about we go check out the land together? ]

[Dear, I will have time later. After I collect some information, I will come to see you. How about we go to see the land together? ]

[Okay, Missy, I'll wait for you at the company.]

[Okay, dear, wait for me for a moment, I'll be there soon.] [Okay, Missy, see you later.]

【see you later. 】

Not long after, Michelle came to Wang Yuanchao's office with a briefcase. After Wang Yuanchao gave Michelle a wet kiss,
The two of them left the office together, got into Wang Yuanchao's Rolls-Royce, and drove towards Hung Hom, Kowloon.

It is very convenient to cross the sea in Central. After crossing Victoria Harbour, the two quickly arrived in Hung Hom in Kowloon.

After arriving at the land to be transferred, Wang Yuanchao and Mi Xilu got out of the car and began to inspect the surrounding area.
This piece of land is located on Hung Lai Road in Hung Hom, Kowloon. It is not far from the Hung Hom Sports Centre and the Hung Hom Cross-Harbour Tunnel. It only takes 2-3 minutes to drive there. The geographical location is very advantageous.

The living facilities around the land are also very complete. There are several large shopping malls such as Nanyang Center, New Cultural Center, Huangpu New World, and two large vegetable markets nearby, making shopping very convenient.
There are more than a dozen primary and secondary schools and the Hong Kong Polytechnic University, and the educational resources are very impressive. If Wang Yuanchao buys it and builds a house, it will be an extremely high-quality school district house.

There are many branches of Chinese and foreign banks here.
There are many subway stations and bus stops, and the transportation is very convenient and developed. It is a place where money is gathered.

After Wang Yuanchao walked around the entire land, his eyes sparkled with satisfaction. He said to Michelle beside him:

"Misiro, this piece of land is in a very good location, with a concentrated population, complete surrounding supporting facilities, and very convenient transportation. I am very satisfied.

For me, the more troublesome thing is the people who are currently living on the land. It will be more difficult to clear them out when the time comes."

Mi Xilu didn't have such troubles in her mind. For Mi Xilu, as long as Wang Yuanchao was interested in this piece of land and was willing to pay, everything would be fine.

After all, Michelle was sent by HSBC to handle matters for Wang Yuanchao. She was very experienced in handling such matters.

As long as Wang Yuanchao is willing to pay and he can make money, these things are nothing.

"Don't worry, dear. As long as you are willing to spend some extra money, I can do it for you."

Wang Yuanchao nodded, knowing that the Qinglou in Hong Kong was more bloody and violent, and usually they would ask the gang's short mule to deal with it.

But this is the current social situation in Hong Kong, and Wang Yuanchao has no way to change it and can only adapt to it.

"Missile, this piece of land was purchased directly through HSBC.

Or do I need to participate in the auction held by the Hong Kong government?"

"My dear, this piece of land was mortgaged by Sun Hung Kai Properties to HSBC Bank.
Sun Hung Kai is currently short of funds and plans to use this piece of land to pay off debts that are about to mature.

Dear, if you like this piece of land,
HSBC can just act as a matchmaker and directly bring the two parties together to agree on the land transfer.”

After Wang Yuanchao heard about Sun Hung Kai Properties, he suddenly realized something and looked around.

Then I remembered that I had been here before when I visited Hong Kong in my previous life and watched a concert at the Hong Kong Coliseum.
In the past, this piece of land was developed by Sun Hung Kai Properties into the Peninsula Residences, which consists of five residential buildings.
Wang Yuanchao also specifically asked about the housing prices in Peninsula Mansion. At that time, the housing prices in this community were more than 14 yuan per square meter. Wow.

Wang Yuanchao came back to his senses and said without hesitation:
"Miss Lu, please help me make an appointment with Sun Hung Kai Properties. I want it as soon as possible."

(End of this chapter)