Hong Kong 1980: The Savage Era

Chapter 411 413 [Guohao Group] (New book, please collect)
"Don't worry, I will gather all my forces to compete for this project. Your current task is to win the title of Wan Chai land king." Luo Qihong nodded and said seriously.

The Central land king is located on Garden Road, covering an area of ​​9.2 square feet. It is a veritable banking district in Central. The land price is basically the same as that of the Bank of China Building, and is more valuable than Tak Hop Plaza and Financial Plaza.

Moreover, the area of ​​this land is large enough to build two Grade A commercial buildings with a floor area of ​​up to 165 million square feet. Based on the current rental of the Bank of China Building, the two buildings can collect 10 billion yuan in rent each year.

For Luo Qihong, this is a family heirloom and must be held in the hands of Dehe Real Estate Company.

Luo Qihong remembered that in his previous life, this piece of land seemed to be delayed until May. At that time, the real estate price had already fallen, and the Hong Kong government had no choice but to choose to decide the ownership of this land through bidding. The final result was not announced until July.

Eagle Properties won the bid with a price of HK$27 billion, which was a huge bargain. The building was built into the Citizens Plaza and the Asia Pacific Financial Center, and Eagle Properties held a 65% stake.

Therefore, the current estimate of 50 billion yuan is only for equity. Luo Qihong believes that a price of 5 million yuan higher, that is, 32 billion yuan, is enough to defeat all competitors.

Including construction costs, it is only 50 billion yuan, and the cost can be recovered in five or six years.

After entering the 21st century, these two commercial buildings were worth at least 200 billion yuan, a four-fold increase, making a huge profit.

In Luo Qihong's opinion, he would rather give up the Wan Chai land king and take the Central land king.

Of course, the best outcome is to acquire both pieces of land.

"If we can acquire the land on Garden Road in Central, Dehe Real Estate Company will be the second land acquisition company, and the only real estate company in Hong Kong that has grown to this size without relying on fundraising through listing." There was inevitably some excitement in Luo Qihong's tone.

"If the property on this piece of land is included, the company's rental area in Central will exceed 700 million square feet, and the annual rent will be comparable to that of Hutchison Whampoa (the rent of Exchange Square is too high)." Su Qishan's emotions were also infected.

"Qishan, Dehe Real Estate Company is a family private company. Don't be too ostentatious. I don't plan to go public." Luo Qihong didn't mean to be joking at all.

He has already thought about it. In the future, he will increase the market value of Zhaoan Real Estate Company as much as possible, in order to help Dehe Real Estate Company attract attention so that Dehe Real Estate Company can sink to the bottom of the water.

"Yes! I understand!" Su Qishan said.

"If you feel that you have no future in Dehe Real Estate Company, I can transfer you to Zhaoan Real Estate Company or China Gas Company." Luo Qihong said bluntly.

"No, boss. Dehe Real Estate Company is a good fit for me. Besides, I have been here for so many years and am familiar with the personnel relationships here. I don't want to switch to another company." Su Qishan quickly refused. He knew that the boss was taking care of him. If it were any other boss, they would not pay attention to these things.

"That's good. How much are you worth now?" Luo Qihong continued to care about Su Qishan.

Su Qishan thought for a moment and said, "About 6 million Hong Kong dollars. If I follow your footsteps, I think I should be able to have 8 million Hong Kong dollars by next year."

"Well, by next year, do you need me to spare some time to help you make a plan?" Luo Qihong understood the principle that 'it is not the lack of wealth that is worrying, but the inequality of wealth'.

Therefore, he paid more attention to the personal wealth of the company's senior executives. It would be a very simple thing to double Su Qishan's 6 million yuan. It would only take some time.

"Thank you, boss!" Su Qishan certainly would not refuse this kindness.

People outside don’t know how much they want to get advice from the boss, but they can’t get it. Now the boss can personally help him with the investment. This is such a rare opportunity.

Luo Qihong thought about it and suddenly felt that he should set up a new company to specifically help the senior executives of the subsidiary companies to obtain benefits?

This will make the senior management more cohesive and more focused on serving the company.

A group of directors gathered here for a meeting. In fact, these people were divided into three factions, the Luo Qihong faction, the Guo Lingcan faction and the Kuwait faction.

The weakest of the three factions is Luo Qihong, as his shareholding has been reduced to 17%.

However, Luo Qihong didn't care about this at all. He didn't want to control Daoheng Group. It was just an investment.

Today, Daoheng Group is a diversified company with businesses including securities brokerage, insurance, trade, fund management, etc., and it has several financial companies under its umbrella.

"Daoheng Bank is already the fifth largest local registered bank in Hong Kong with a branch network of 48 branches and more than 1400 employees, nearly double the 87 in 700."

"The company's profit this year is expected to exceed HK$3 million. The group's total assets will exceed 200 billion yuan," a senior executive stood up and reported.

“As the company’s business continues to expand and is no longer limited to banking, I suggest that Daoheng Group be renamed Guoco Group and relocate its registration to Bermuda to cope with the upcoming changes in the situation in Hong Kong.” Guo Lingcan looked around and suggested.

"I agree! The group has already acquired Hang Lung Bank. It is not appropriate to name the group after Dao Heng Bank." Luo Qihong was the first to express his opinion.

In fact, a name cannot be changed, but it will affect the unity of its subsidiaries. The scale of Hang Lung Bank is not bad.

With the support of Luo Qihong, the board of directors passed the resolution unanimously and the company will soon be renamed Guoco Group.

Then a senior executive distributed the documents to the directors. Guo Lingcan said, "This is the information of Singapore First Capital. I suggest acquiring this company as the group's listed flagship company in Singapore, mainly responsible for the business in Singapore, including investment holding, real estate and trade."

This is to proactively reduce the Group's investment and operating proportion in the banking industry and enhance the Group's operational stability.

The market value of First Capital is 3.7 million Singapore dollars, which is equivalent to 13 billion Hong Kong dollars. It is a small and medium-sized enterprise.

The company's business is complex and covers many areas.

Luo Qihong knew that this was Guo Lingcan's way of transferring assets. In the eyes of people like them, Hong Kong was not so free. If they started transferring now, they would be able to transfer nearly half of their assets without making a fuss by 97.

However, Luo Qihong could not stop it, because he also began to make large investments overseas, which was also seen as an asset transfer in the eyes of others.
Naturally, this proposal encountered no obstacles and was passed immediately.

"I heard that the Overseas Trust Bank has turned a profit this year. I think the Hong Kong government will soon consider selling the Overseas Trust Bank and looking for a suitable buyer." Luo Qihong put down the document and looked at Guo Lingcan, who was in the first place.

"I have also heard this news. The group has contacted some officials from the Hong Kong government. According to them, the Hong Kong government has not yet considered the sale," said Guo Lingcan.

"Chairman Guo is wrong. Overseas trust banks are high-quality assets. Once the Hong Kong government makes the announcement, many financial groups will surely come to compete for it. This will be a difficulty for the group," said Luo Qihong.

"What Mr. Luo said makes some sense. How about sending someone to discuss things with the Hong Kong government agencies?" Guo Lingcan had to respond. He had to give face to Luo Qihong.

The result was, of course, a unanimous approval. Every director wanted the group to acquire Overseas Trust Bank at a very low cost and increase the group's profits.

(End of this chapter)