Days in Hong Kong variety shows
Chapter 20 Mr. Cao Wants to Start a Seafood Business
Uncle De acted very quickly. On the third day, a member of the Mangongwu Village Council surnamed Cao, along with two foreigners, met with Cao Tai.
After signing his name on multiple documents and submitting several personal ID photos, Cao Tai was already a member of the Cao clan in Mangongwuxia Village awaiting citizenship.
The foreigner, who was introduced as the Chief Immigration Officer of the Immigration Personnel Registration Department, took two file bags—one of which belonged to Xiao Fu. He had become a citizen of the Wang family in Xiayang Village, another village in Kengkou Township. His only remaining relative was an elderly woman. It could be said that the advantages outweighed the disadvantages; as long as he received some monthly support and visited her during holidays, that would be fine.
The Cao family of Mangongwuxia Village, where Cao Tai registered his household registration, has fewer than 100 members still living in the village due to various relocations. The family of the identity Cao Tai impersonated no longer has any relatives, and he is of a relatively high generation, being the current uncle of the Cao family. There is only one Cao family member in his 70s who is his cousin, and the current Cao family member in his 60s who is the director. The others are his nephews and grandnephews.
Moreover, during the conversation with Director Cao, it was discovered that this branch of the Cao family also originated from the Cao clan of Qiancheng, just like Cao Tai's previous life, but from a different branch.
Their branch migrated to Jiaying Prefecture at the end of the Ming Dynasty, and later, during the Qing Dynasty, some members of the clan moved to Hong Kong Island. Now, they are the Cao family of Mangongwuxia Village.
Cao Tai's previous life was when his ancestors moved from Qiancheng to Luling. During the war, Cao Tai's great-grandfather led his family on a long journey and finally settled in Haicheng.
Cao Tai and other fourth-generation members of the Cao family have basically settled down in the local area. Although they sometimes send representatives to worship their ancestors during major ancestral rites, they basically have little contact with other branches.
After completing the genealogy and confirming their identities, Director Cao was about to leave with the two foreigners.
However, before leaving, the tall, thin, middle-aged foreigner who had remained silent without introducing himself finally spoke up: "I am Edward Stanley of the Saigon Police Department, from Lancashire. You can call me by my Chinese name, Li Hua."
I'm different from the others; we can keep in touch more often in the future.
The tall, thin foreigner spoke these words in fluent Cantonese and then handed Cao Tai a business card.
Although it was all in English, Cao Tai's English was at a professional level due to his previous job.
The string of English text translates to "Saigon Police Chief - Edward Stanley," followed by two phone numbers.
Raising an eyebrow, Cao Tai stared into the other person's eyes, while the director also stared back at Cao Tai with a burning gaze.
A slight smile appeared on his lips. "Thank you, Officer Li. Let's keep in touch!"
I don't know why this powerful foreigner treats me so well. It's different from how foreigners in Hong Kong are now who think they're superior and arrogant. But I'll deal with it as it comes. I'll deal with it when it happens.
......
It's possible that having someone to help makes things easier; in just one week, Cao Tai and Xiao Fu both received their household registration information and ID cards, a few days faster than Hong Kong students.
It took Hong Kong students half a month to get their ID cards. During that time, Cao Tai settled his bank account and received the remaining betting winnings of a little over HK$1100 million.
First, they moved to a five-star hotel to improve their accommodation, and at the same time, they contacted a real estate agent to find an apartment, since staying in a hotel all the time wasn't a good idea.
Then I arranged to meet Da Sha at the hotel to discuss business matters.
Big Fool only accounts for 30-40% of the business in the Saigon Seafood Market. It's not that he can't buy all the seafood in the market, but rather that his distribution channels limit his purchasing volume.
If you buy in large quantities but can't sell them quickly, storing seafood in cold storage means losing money every day it's stored. Besides, seafood is only valuable when it's fresh; freezing is a last resort.
Cao Tai wanted to discuss the issue of distribution channels with Da Sha. To increase the volume of his shipments, he needed to source his goods from as many restaurants, eateries, and fish stalls as possible. However, most restaurants, eateries, and fish stalls already had their own fixed supply channels, and some of these channels were backed by organized crime groups. Cao Tai wanted to take over the business of these people and then formalize it.
Due to restrictions on local fishing, the majority of seafood supply in Hong Kong Island is imported, which is done by international trading companies and is generally not accessible to outsiders. As for local fishing, from the moment the fishing boats dock, unless they are the fishing fleets owned by big bosses, private fishing boats are more or less targeted by triads. Some of the dockworkers are currently or have been involved in triads.
Therefore, if you want to expand your seafood business, the first thing you need to do is to secure a piece of land at the dock and control the purchase of seafood; then you need to occupy a piece of land in a bustling area, preferably a place where the catering industry is thriving, and open up a smooth route for receiving and shipping goods.
The largest seafood market on Hong Kong Island is now the Typhoon Shelter Fish Wholesale Market on the island, but Sai Kung is too far away, and Big Fool's influence cannot cover that area.
On the Kowloon Peninsula side, the seafood wholesale markets include the Sai Kung Seafood Market, where Tai Siu Dang sits, and the Kwun Tong Fish Market, located on the land of Wo Luen Shing Lei Yue Mun's Fish Head Plaza.
Although Fish Head's main business is illegal activities like "making meatballs" and "selling bean flour," he won't stand idly by if other forces try to get involved in the seafood market.
Kwun Tong is not only controlled by the Wo Luen Shing branch, but the pier and fish market are located in Lei Yue Mun, the center of Fish Head Brand's influence. His "meatballs" and "bean curd" need to be distributed to various districts. Tsao Tai suspects that Fish Head Brand's distribution channels are hidden in the seafood transportation chain.
If anyone tries to take over the Kwun Tong fish market, Fish Head Biu might fight back fiercely. He runs a business selling "meatballs" and "bean flour," and his financial strength ranks at least among the top three among the leaders of the Wo Luen Shing district.
In terms of numbers, Big Fool might not be able to beat Fish Head. Moreover, if Fish Head's territory is attacked, the other branches of Wo Luen Shing won't sit idly by. After all, Fish Head is the number one triad in Hong Kong with 40,000 to 50,000 members (even if Fat Tang is exaggerating, about half of them should actually be there).
In terms of capital, although Da Sha's private car business is thriving, there are many people sharing the profits, and compared with Yu Tou Biao's "business", it is far inferior.
Unless the police find the fish head label factory and distribution channels, and sink it all at once, then Big Fool can quickly seize the seafood market and hold it.
If he controls the Sai Kung and Kwun Tong seafood markets and has no problems with the distribution channels, Cao Tai estimates that he can generate nearly 1 billion yuan in revenue annually, with a net profit of about 30%.
As for the issue of distribution channels, based on what Cao Tai has learned in the past 10 days or so, it seems that Nine-Dragon can be of help.
As a former member of the Wo Yee Red Pole, Nine-Dragon's reputation in the underworld was much higher than that of Wo Yee's leader, Chen Xikang. Back then, he single-handedly conquered half of the entire Wo Yee Society's territory, although Wo Yee lost those territories during the years he was imprisoned.
This makes Nine-Dragon's awesomeness even more apparent. When he was around, the Ho-Yi Society was thriving, and its territory doubled. But after he got into trouble, the Ho-Yi lost most of the territory he had conquered. Even the head of the Ho-Yi Society can only shrink to the end of Wusong Street and run a teahouse and a bathhouse.
Although half of the newly reclaimed street is still in the hands of the Heyi Society, the underlings stationed there are still Long Hair and the Three Eagles of Nine Dragons, who were Nine Dragons' former trusted underlings. Although they have nominally switched allegiance to the Volcano Sect, they are still very independent. As long as Nine Dragons gives the order, they can switch allegiance again and come back to Nine Dragons at any time.
Moreover, once the fact that the leader of the Heyi Society betrayed his subordinates becomes public, Nine-Tattooed Dragon can rightfully take over the Heyi Society under the pretext of revenge. At that time, the restaurants and eateries on the Heyi Society's territory will all become potential customers for Cao Tai's "Futai" seafood trading company.
Thinking about it this way, it's only right that Lei Yue Mun Fish Head Brand and Wo Yee Group leader Chan Sik Hong suffer. One of them runs harmful businesses like "fish balls" and "bean flour," while the other betrays his own underlings. It's time for their downfall.
The channel that was given up could allow Cao Tai to hire hundreds of employees and provide stable income for hundreds of families.
In Hong Kong, the businesses that can make big money are basically covered in the clothing, food, housing and transportation industries. Of the top ten richest people, seven are mainly engaged in real estate, and the remaining three must have real estate as one of their main businesses.
Among the top ten richest candidates, one family's core business is garment manufacturing, and there are at least a dozen or twenty companies in Hong Kong Island that have amassed fortunes of hundreds of millions through the garment business.
In terms of wealth, the top shipping business owners in Hong Kong Island are now worth at least several billion or tens of billions of dollars, while the highest-ranking member of the top ten richest people is now worth four or five hundred billion dollars. The airlines now have assets of nearly 10 billion dollars, and other transportation companies such as bus companies and taxi companies have assets of hundreds of millions of dollars.
All of these are industries that require heavy capital or a high degree of expertise, so Cao Tai can only start developing in the "food" sector, since the current relationship is only related to the sub-sector of "food" - seafood.
Cao Tai was also envious of the huge cash flow business of large shopping malls and supermarkets. Cao Tai, an outsider, roughly estimated that the two largest supermarket chains in the area each had a monthly turnover of at least one billion yuan, and two or three billion yuan was not impossible, after all, it was a big business covering clothing, food, housing and transportation.
He doesn't understand or know much about other industries. So now Cao Tai wants to try his luck with the seafood business he's interested in, to see if he can make hundreds of millions a year. If he can, then he can expand into other sectors.
At least there is a model now, "Lilian Trading Group", which developed from imported frozen meat. One of the two supermarkets with monthly turnover of more than 10 billion is its subsidiary.
Cao Tai also wanted to start his business with seafood and then expand into other areas, eventually developing into a large conglomerate with a market value of tens of billions! He had already used up almost one-sixth of his wealth just to get a residency permit. If he wanted to live a life of luxury in Hong Kong with his wife and younger brother, he would need to be rich, and very rich.
In recent years, many people have made wrong judgments in a moment of desperation, giving Cao Tai the opportunity to take over some businesses. But the main problem now is that Mr. Cao does not have enough capital.
Not having much talent for business, Cao Tai could only start by taking advantage of the existing business of his acquaintance, Da Sha, and help him expand the pie so that he could get a large slice.
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