Chapter 17 Lu Haitong Building
Just when Lei Yunrong was preparing to inspect Xiangjiang Cinema, the 60 million loan from HSBC was successfully disbursed today.
After receiving the money, Lei Yunrong specially treated Shen Bi, a ghost guy, to a big meal, not only to thank him, but also to establish friendship with him.
It's true that this ghost guy will have too many resources in the future. Since you need to ask for help from others in the future, you have to establish a good relationship in advance. People will not pay attention to you if you just ask for help at the last moment.
While eating, looking at this ghost guy, I couldn't help but think of Li Chaoren.
The entanglement between these two people is really interesting to talk about.
At present, Li Chaoren has not yet met Shen Bi, and their acquaintance will take a few years to rebuild the Chinese Bank Building.
The Chinese Bank Building is also a building with great historical origins.
It was built in the early 20th century and is located on Queen's Road Central in Central.
At that time, Central on Hong Kong Island was dominated by foreign banks. Chinese businessmen wanted to join Central but had no place to establish themselves.
At that time, a real estate developer was building a commercial and office complex in Queen's Road Central. After the building was completed, Chinese people competed to move in and rent it.
At that time, foreigners always considered themselves superior to others and disdained to live in the same building as the Chinese. Foreigners who had paid deposits withdrew one after another, so the building became an "independent kingdom" for the Chinese, and the name of the building was changed to "Chinese Row".
Therefore, the Chinatown Building is a very symbolic building.
But historically, the Chinese Bank Building will be purchased by HSBC at the end of this year. I don’t know if there are any other motives.
Because the building is very old and old, and because the Chinese Bank is located in the Central banking district with many high-rise buildings, the original Chinese Bank building has increasingly become a dwarf.
Then in 1976, HSBC demolished the old Chinese Bank and cleared the site for the development of new rental properties.
At that time, many real estate companies were participating in the bidding, and it was the dream of almost every wealthy person in Hong Kong to connect with HSBC.
It is precisely because of the help of HSBC that the current richest man in China, Pao Yukang, went from having nothing to becoming the world's shipping king in just 20 years.
At that time, HSBC provided an unlimited loan to Bao Yugang.
Li Chaoren naturally hopes to win the business of rebuilding the Chinese Bank, but in the face of fierce opponents, Li Chaoren is not sure of victory.
In the end, Li Chaoren also spent a lot of money and submitted a plan that was almost unprofitable.
Li Chaoren's strategy of not making money naturally succeeded in attracting the attention of HSBC. Shen Bi, who was in charge of the matter at the time, naturally handed over the business of rebuilding the Chinese Bank to Li Chaoren.
It only took Li Chaoren 2 years to build the new Chinese Bank.
The new building has a total height of 22 floors and a total area of 240,000 square feet. The exterior walls adopt the most advanced technology at the time. In addition, the lighting and fire protection systems of the building are all controlled by computers.
Shen Bi was very satisfied with the new Chinese trip. During the two years of contact, he also gained a comprehensive understanding of Li Ka-shing.
After that, with the support of Shen Bi, Li Chaoren began to soar into the sky.
Therefore, Lei Yunrong felt the need to intercept Hu from HSBC, not only because he did not want this Chinese building to fall into the hands of foreigners, but also to cut off some of Li Chaoren's luck.
For a businessman with top-notch vision and ability like Li Chaoren, it is difficult to contain him. He can only narrow Li Chaoren's path by relying on his vision from his previous life.
As for why Lei Yunrong knew so clearly?
The autobiography of Li Chaoren in his previous life was very popular.
Now Lei Yunrong wants to let Li Chaoren experience how high-spirited you were when you wrote the biography of Li Chaoren in your previous life, and how depressed you will be in this life.
So after having dinner with Shen Bi, Lei Yunrong took the Chinese Tour to his heart.
The next day Lei Yunrong asked Zhang Changlin to find out more about the current situation in the Chinese Bank.
After several days of understanding, Zhang Changlin also handed over the information he learned to Lei Yunrong.
The Chinese Bank still belongs to Chinese Real Estate, and Chinese Real Estate is not Liu Luanxiong's property yet. At this moment, he has not even established Aimeigao.
At this time, the bosses of Chinese real estate were actually two major families - the Feng Bingfen family and the Li Fushu family.
Both Li Fook-shu and Feng Bing-fen come from well-established and prominent families in Hong Kong. Li Fook-shu is a descendant of Li Shipeng and the brother of Li Fuzhao, the godfather of the Hong Kong stock market. Li Fuzhao was the founder of the Far Eastern Society, and he was also the first chairman of the United Exchange established after the merger of the four societies. But
Li Fook-shu's identity is no less than that of Li Fook-siu. He is now a member of the Legislative Council and the CEO of Bank of East Asia.
Feng Bingfen is the son of Feng Pingshan, the founder of the Bank of East Asia. He is now a member of the Legislative Council and the Executive Council. In 1971, he was awarded a knighthood by the British royal family.
In fact, the real estate company controlled by the two companies also has China Entertainment, and the two companies take turns serving as the chairman of the boards of directors of the two companies.
Originally, these two families controlled the majority of the equity of these two companies, and it was difficult for others to occupy the magpie's nest.
But the fortress was always breached from within. Later, due to disputes over interests, the two companies were breached by Liu, who successfully moved into these two listed companies.
The China Bank Building occupies a small area, less than 20,000 square feet, and is only 12 floors high, but its location is excellent. No. 2 Queen's Road Central, Hong Kong, next door is the Landmark Plaza that will later be built.
Now due to the stock market crash and the oil crisis, the operation of Chinese Real Estate is also in difficulty. Otherwise, it would not sell the building with such an excellent location to HSBC.
But just because the location is so good, Lei Yunrong found that he didn't have enough money at all.
Before the stock market crash, the building and the land were worth at least 90 million. If you wanted to buy it, it would cost at least hundreds of millions, and others might not even sell it.
Although real estate is in a downturn now, its geographical location determines that its price will not drop too much. It would cost at least 80 million to buy it now.
This made Lei Yunrong suddenly feel that he was actually very poor.
I thought that having 60 million in my hand was a huge amount of money that I could buy, but now I find that I don’t even have enough money to buy a Central building.
But Lei Yunrong didn't give up. Although he didn't have enough money now, he would have enough by selling gold at the end of the year.
Moreover, real estate has not hit rock bottom now and will be cheaper at the end of the year, which is more in line with my time.
However, some preparation work can be done slowly first, to test the tone of Chinese real estate buyers, and then we can talk about it slowly.
After putting this matter aside, Lei Yunrong also spent some time getting to know the theater situation in Xiangjiang.
Now Lei Yunrong's 60 million funds can be put to use.
The first thing that comes into view is the Yau Ma Tei Theater, known as one of the five major theaters in Hong Kong.
The so-called top five theaters were just a term used 20 years ago. The Yau Ma Tei theater only has 500 seats, and some of the facilities are outdated.
This theater originally belonged to the Shaw Brothers Cinemas. Historically, Lei Juekun would rent it when he established the Golden Princess Cinemas. It was not until 1986 that he withdrew from the Golden Princess and joined the Nikkatsu Cinemas (specializing in pornographic movies).
of theaters).
Of course, Lei Yunrong didn't know the historical trajectory of the Yau Ma Tei Theater. Although the theater was relatively old and the surrounding residents were middle- and lower-class civilians, it was the heart of the old district and had a very abundant customer base.
The location is very good, and we can make a lot of money from demolition and reconstruction in the future.
Moreover, this theater is a single-story building and is not expensive. Lei Yunrong spent 3.5 million to buy the theater and the land.
In addition to the Yau Ma Tei Theater, there is another theater that makes Lei Yunrong envious: the Queen's Theatre.
By the way, Zhang Guorong's father's clothing store is located in the Queen's Theater shopping mall.
The Queen's Theater is also a theater with a long history, and the location of this theater is really great. It is right on Queen's Road Central, and the flow of people here is very scary.
Moreover, Queen's Theater is one of the few theaters located in a building in Hong Kong.
The Queen's Theater is located on the ground floor of the Luk Hoi Tong Building. In fact, the Luk Hoi Tong Building was built on the original site of the Queen's Theatre.
On July 21, 1961, the building was completed and the Queen's Theater opened with the ribbon-cutting ceremony presided over by Sir Alex Chow. The Queen's Theater had an escalator for the audience to use. Before it was dismantled, it was the oldest Hitachi escalator in Hong Kong.
This is not the most exciting thing for Lei Yunrong. What is most exciting for Lei Yunrong is that there is also the intention to sell Luhaitong Building.
The owner behind this building is Lu Hai Tong Company, which is also an old real estate company in Hong Kong. Now it is also affected by the stock market crash and wants to sell the property to survive.
Now that Lu Hai Tong Company is interested in selling, Lei Yunrong certainly doesn't want to miss it. Buildings in Central are rare.
Lei Yunrong immediately sent someone to contact the house. On the one hand, the man was affectionate, and on the other hand, the concubine was interested. The two parties hit it off immediately. The only thing that needed to be discussed was the price.
With both parties interested, negotiations between the two parties are proceeding quickly, and the prices of buildings in Central are relatively transparent.
After more than half a month of negotiations, Lei Yunrong spent 48 million to buy the Luhaitong Building.
The Lu Hai Tong Building only has 13 floors. It occupies a slightly smaller area than the Chinese Bank at just over 10,000 square feet, and its location is not as good as that of the Chinese Bank.
But no matter what, this is a building located on Queen's Road in Central. By the late 1980s, it was impossible to even buy land at this price.
In addition, this building was also built in 1961, so it is relatively new, and the annual rent is also a considerable income.
But after buying this building, it almost drained Lei Yunrong's cash flow. Originally, Lei Yunrong wanted to pay in installments, but Lu Haitong Company disagreed and insisted on the full payment. Otherwise, such a relatively cheap price of 48 million would not be possible.
sell.
In fact, Lei Yunrong also wanted to buy Taiping Theater, the oldest and most historical theater in Hong Kong, but Lei Yunrong didn't have enough money on hand, and he might not be willing to sell it.
Including these two theaters, Lei Yunrong already controls ten theaters, and six of them are leading theaters. In fact, he can barely support a theater chain on his own.
But you must know that the Shaw Theater chain has 28 theaters, which is also the largest theater chain in Hong Kong, and the Golden Harvest theater chain also has 26 theaters. Although excluding Ritz’s eight theaters, there are still 18 theaters, not to mention that Golden Harvest will definitely make up for it from other places.
.
Compared with them, the theater chain of ten theaters is a bit shabby, and Lei Yunrong does not want to settle for second place.
In fact, Lei Juekun also gave Lei Yunrong a sample, and the Golden Princess Cinema Line he established is the best reference.
Lei Yunrong directly spent 4 million to buy five theaters and land from Chen Rongmei and Feng Bingzhong.
Then based on the distribution of the theaters in his hands, he spent less than two million to purchase three theaters. In this way, Lei Yunrong already owned 18 theaters all over Hong Kong Island, Kowloon and the New Territories, and he could initially compete with Shaw Brothers and Shaw Brothers.
Jiahe contends.
After that, they will be added slowly. Anyway, the current theater model will be eliminated, and the multi-hall model will be the mainstream in the future.
Chapter completed!