Chapter 41 News
This time Lei Yunrong borrowed 200 million Hong Kong dollars from HSBC, plus the previous 22 million Hong Kong dollars, but the acquisition of Taisheng Development cost nearly 58 million.
So Lei Yunrong still has 164 million in cash in hand.
It's not a good thing to have so much cash in your hands. You have to find a way to spend the money.
However, Lei Yunrong has not found any good projects now, so he has to wait. If there are really no good projects, Lei Yunrong will simply start rebuilding the building.
At the end of last year, Heung Kong Land announced that it would spend ten years rebuilding seven buildings in Central.
Heung Kong Land is known as the land king in Central and owns many high-quality buildings. Among them, the Landmark Plaza on the east side of Chinatown was built during this period.
The Landmark Plaza is located at 11 Pedder Street, connecting Queen's Road Central, Pedder Street and Des Voeux Road Central. It is the heart of the Central business district.
This is only a small half of the properties owned by the Land Company. It is no wonder that the Land Company was coveted by so many people later, but it was not successful.
Just when Lei Yunrong was thinking about how to spend money, Xiang Zhiqiu suddenly called and asked Lei Yunrong to go to Lu Yu Teahouse for tea the day after tomorrow.
Lei Yunrong knew that he wanted to recommend him to join the Yingming Society, so he agreed wholeheartedly.
After knowing Mr. Hu's status in the Yingming Society, Lei Yunrong could actually join it even without Xiang Zhiqiu, but in order to maintain the friendship with him, he did not go to Mr. Hu with low EQ.
As for why we made the appointment at Lu Yu Teahouse, the Yingming Club was only established in nightclubs, and they were not meant to meet at nightclubs all the time.
There are many teahouses in Xiangjiang, but the most famous one is Lu Yu Teahouse, which is also a place frequented by many big shots.
Lei Yunrong specifically asked Mr. Hu if he would be there the day after tomorrow. If so, he would feel more comfortable.
Mr. Hu also smiled and told Lei Yunrong that he would be there.
Time flew by, and on the afternoon of the agreed time, Lei Yunrong came to Xiang Zhiqiu's home after getting dressed up.
It happened that Xiang Zhiqiu was also ready, and the two of them drove to Lu Yu Teahouse without staying long.
Lei Yunrong and Xiang Zhiqiu were the first to arrive. It didn't take long for big shots from all parties to arrive one after another. It can be seen that Xiang Zhiqiu spent a lot of effort on this gathering.
The first person to come over was Chen Detai, the boss of Dachang Real Estate.
Chen Detai is only in his early sixties now, but his hair is completely white, but he looks in good spirits.
However, Lei Yunrong remembered that he did not seem to have many years to live. He died of illness in the early 1980s. After that, Dachang Real Estate was inherited by his 31-year-old son Chen Bin, who became the youngest owner in Hong Kong at that time.
Chairman of the Board of Directors of a listed company.
But now this title no longer belongs to his son, Lei Yunrong has firmly worn it on his head.
Dachang Real Estate is also one of the five Chinese real estate giants selected in 1972, but Dachang Real Estate likes to invest in a mixed investment, especially with British capital.
For example, Taikoo Cheung Properties previously wanted to cooperate with Whampoa Dockyard, but was kicked out by Wei Li, the new general manager of Hutchison Whampoa Group at the time.
Therefore, Dachang Real Estate gradually fell behind and completely missed the first-tier real estate companies in Hong Kong.
The second person to come was Mr. Hu. Lei Yunrong was not surprised when he saw his arrival. After saying hello, Mr. Hu sat directly next to Lei Yunrong.
The last big boss to come was Kwok Tak-sheng of Sun Hung Kai Properties, who was also the eldest one present.
He started with zippers, and later founded Sun Hung Kai Industries with Lee Zhao Kee and Fung King Hei to enter real estate development. In the first two years, the three broke up peacefully, and Sun Hung Kai Industries continued to be in the hands of Guo Desheng, who changed its name to Sun Hung Kai Properties.
The other two have achieved great success since then. Needless to say, Li Zhaoji and Henderson Land Development have become the top three real estate companies in Hong Kong.
Feng Jingxi focused on finance, and Xiang Zhiqiu was appreciated by Feng Jingxi, who introduced him to Guo Desheng, and then joined the Yingming Club.
There were not many people here tonight, but everyone was a big shot in the real estate industry.
After everyone said hello and sat down, Xiang Zhiqiu, as the organizer, was the first to speak:
"Today is a rare occasion for all of you to take time out of your busy schedule to come and have tea. The main purpose of today is to introduce this little brother Lei Yunrong to everyone."
"He is the leader of our young generation in Xiangjiang and an upstart in the real estate industry in Xiangjiang, but he bought all my companies, haha~"
In the end, Xiang Zhiqiu didn't forget to laugh at himself.
Before Lei Yunrong could speak, Mr. Hu spoke first:
"Arong is very good, but if you, Lao Xiang, are equal to him, then you will be a generation shorter than me from now on. Arong is my nephew, so he has to call me uncle."
Lei Yunrong glanced at Mr. Hu gratefully, knowing that he said this to show his relationship with him. Although he knew that he was joking with Xiang Zhiqiu, Lei Yunrong still said quickly:
"Uncle Hu, I don't dare to discuss friendship with Uncle Xiang. He is too modest. He is my elder in terms of age and qualifications."
Xiang Zhiqiu seemed very satisfied when he heard Lei Yunrong's words, and laughed and said:
"Let's talk about our own things."
When Xiang Zhiqiu introduced Guo Desheng and Chen Detai to Lei Yunrong, Lei Yunrong also greeted them respectfully.
After that, Lei Yunrong rarely interrupted. Watching them chatting and bragging all over the world, Lei Yunrong would pour tea and water and occasionally talk to each other, as if he was just a follower.
This also allowed Lei Yunrong to see another side of these wealthy people in Hong Kong, the smoky side of the world.
Indeed, they are already tired enough at work, so it is rare to have three or two old friends who can chat without having to worry about work. This may be one of the few ways for them to relax.
Suddenly, something Guo Desheng said caught Lei Yunrong's attention.
"Lao Hu, I heard that you are going to build the tallest building in Hong Kong. Is this true?"
"Yes, it's true. I'm already working on the design drawings and I expect to start construction next year."
"The top students are different. They can even make the design drawings of a building by themselves."
"Don't talk about me, what about you? Do you have any other projects to make money?"
"I still buy some old buildings and rent them out, but I can't be as generous as you."
Lei Yunrong knew that this was Guo Desheng's modesty. He did not buy old buildings lightly. In 1980, Guo Desheng's Sun Hung Kai Properties had 8.2 million square feet of rental properties.
Like Lei Yunrong, he likes to rent out his own properties rather than sell them.
"However, there is recent news that the former site of British American Tobacco Company is for sale. I don't know whether it is true or not."
Hearing this sentence, Chen Detai seemed a little interested and continued:
"Oh, that land is in a good location. Lao Guo, are you interested in taking it over?"
"That's not true. That piece of land is not cheap, and I don't have the strength to take it."
Thinking of the price of this land, Chen Detai stopped asking. The main direction of Dachang Real Estate is residential real estate. This land is commercial land and can only be built with office buildings.
But Chen Detai is not interested, but Lei Yunrong is!
I couldn't find a project to invest my money in, so I came here to send pillows when I was sleepy.
"Uncle Guo, is this land expensive?"
After hearing Lei Yunrong's question, Guo Desheng did not rely on his elders. With his current strength and reputation, coupled with Hu Yingxiang's relationship, Guo Desheng would not regard him as an ordinary junior.
"The former site of the British American Tobacco Company is located on Gloucester Road, Wan Chai. It is a piece of coastal land with a total area of nearly 100,000 square feet. There are two old buildings there with less than ten floors. The selling price should not be less than 90 million.
, and the ghost guy only asks for cash when asked by name."
"What, Ah Rong, are you interested?"
Lei Yunrong did not deny it, but directly admitted:
"One thing is that there is a lot of idle funds recently, so high-quality land is also a good investment direction."
When these words came out, Guo Desheng was a little surprised. This young man had just acquired nearly half of the shares of Taisheng Development, and he still had so much cash!
When Guo Desheng mentioned Lei Yunrong, the former site of British American Tobacco Company, he was reminded of it, because this was also a project led by Li Chaoren.
Next year, Li Chaoren teamed up with Sun Hung Kai, New World Development and Hang Lung Properties to buy this land, and later built two buildings, Elizabeth Tower and Locke Tower.
This time it was a cooperative project, so they sold the two buildings and made a profit of more than 100 million.
Li Chaoren, an old boy, is not honest. He was the one responsible for the backstabbing that Lei Yunrong suffered not long ago.
Li Chaoren didn't know where he learned that Lei Yunrong had a good relationship with HSBC, so he bribed HSBC's internal employees and learned that Lei Yunrong was preparing to acquire Taisheng Development.
However, Li Chaoren was not that stupid to leave such obvious traces. In fact, HSBC only found out because there was an internal problem.
Later, in order to restore his reputation, Shen Bi became ruthless and mobilized all the power of HSBC to find out that Li Chaoren's funds were long Taisheng Development.
Li Chaoren was careful enough, but he still underestimated the power of HSBC in Hong Kong's financial community.
So although there is no clear evidence, these are enough for Lei Yunrong.
An unexpected surprise is that Shen Bi had a bad impression of him because of this incident, and I believe it will have a considerable impact on him in the future.
After understanding this situation, although Lei Yunrong was very angry, there was nothing he could do about it.
Now there is such an opportunity. The former site of British American Tobacco Company is not only a relatively high-quality investment project, but also can cut off some of his luck.
"Then Ah Rong, if you are interested, you can go find them yourself. I just heard such news."
"Thank you so much, Uncle Guo. Without this news from you, I would still be worrying about where to invest the money."
This was just a small episode. The five of them chatted for a while and then dispersed.
Lei Yunrong rode together in Mr. Hu's car, which made several other people look at him differently. It seems that what Hu Yingxiang said before about Lei Yunrong being his nephew should be true and not polite.
In the car, Mr. Hu couldn't help but ask:
"Ah Rong, are you really interested in that piece of land? You have to think carefully so that the capital chain is not broken by then, which will trigger a chain collapse."
"Uncle Hu, don't worry, I have sufficient funds here and there will be no risk of rupture."
"You are now also the CEO of a listed company. You can take charge of it yourself."
"Even if I become the Governor of Hong Kong, I still want to listen to your teachings, Uncle Ho."
Chapter completed!