This is in line with the imagination of the media and the audience. This is the character of Yu Yongan, the stock god who dominates the stock market!
How could he just sit back and watch!
Cheung Kong Holdings did not follow the script of Yongan Group. Li Bancheng smiled and said nothing. The chief representative of Cheung Kong Holdings continued to hold up a placard in response: "We, Cheung Kong Holdings, bid 35 billion Hong Kong dollars."
Guo Mingji, chairman of the board of directors of Hongji Real Estate, held a cigar in his hand and said with a smile in a rich voice, "The value of this land is far more than HK$35 billion. It was also jointly bid by Hongji, Henderson and Kerry Properties.
reason."
Li Liji, chairman of Henderson Land Development, looked at Li Bancheng and said with a smile, "Li Sheng, I'm sorry."
Li Bancheng smiled and cupped his hands.
They are both surnamed Li, and they were a family five hundred years ago. However, there is only one Li student in Hong Kong, and that is Li Bancheng, not Li Liji. Whether it is the size of the company or personal wealth, Li Liji has been suppressed by Li Bancheng for a long time, and the clay figures have three points of temper.
Well, how could he be so willing? This is why he put aside his prejudices with Guo Mingji and joined forces to participate in the bidding.
Cheung Kong Holdings made another bid, showing their tenacity and strong strength as the top brother of Hong Kong companies. Everyone knows that Li Bancheng has a deep British background. No one will underestimate the financial strength of Cheung Kong Holdings. The only
The question is - what is the price bottom line for Cheung Kong Holdings?
At present, we are still far from seeing the bottom line of Cheung Kong Holdings’ price.
The representatives of Wheelock Real Estate chatted in a relaxed and low voice, and they were basically certain that the previous tough behavior was nothing more than a result of foreign power and internal power, and the current price has far exceeded their bottom line.
The representatives of the Shixin Lanying Consortium looked solemn and spoke very fast in low voices, obviously discussing countermeasures nervously.
The focus is still on Yong'an Group. Everyone knows that the company has abundant cash flow. It spends Chinese dollars to purchase and export goods to Russia and Europe, and earns back US dollars, which is the envy of others.
Now that Yu Yongan has taken action, given his character, there will never be a time for him to back down.
Sure enough, after the dual-base consortium bid HK$36 billion, Yongan Group actually directly bid HK$40 billion!
Increase the price by HK$4 billion in one go!
Yu Yongan remained calm, smiling and holding his arms, as if he was sure of victory.
This price made Li Bancheng hesitate.
Regardless of whether there is an updated bid, this price is the largest land transaction since the opening of Hong Kong. The price per mu of land is as high as HK$4 million, or about HK$6,000 per square meter.
The cost of such land is definitely very high.
Based on the current real estate situation in Hong Kong, if a commercial residence is built, the property price will be at least HK$60,000 per square meter, or HK$60,000 per square foot.
This is the king of the building without any suspense.
The premium has reached HK$16.8 billion, far exceeding the price bottom line of most bidding entities. Representatives of the Shixin Lanying Consortium, which has the largest number of members, discussed in a low voice and shook their heads. There is no doubt that they are the second company.
The entity has given up bidding.
Guo Mingji and Li Liji, two wealthy people from the dual-base alliance, turned their heads and talked in a low voice. Although they looked calm, everyone could see that they were already feeling tremendous pressure. As for Kerry Construction, this company has only been established for a few years.
The young companies do not have a strong sense of presence in the dual-base consortium. Their own strength is limited and they have almost no say.
Li Bancheng was also listening to the think tanks and analysts around him analyzing the situation and thinking quickly.
His gold medal foreign think tank Luo Yingwei said in a deep voice, "Li Sheng, this price is our bottom line, but I think Yongan Group is bluffing. They only have 40 billion Hong Kong dollars at most."
"But Mr. Gao is behind him, and Hua Xia United Bank has expressed its support for Yong'an Group." Another Chinese think tank who opposed it said, "Mr. Li, I think we should give up the bidding. For 10,000 acres of land, Yong'an Group will definitely
If you can’t eat it, we will always find a way to get part of the land in the future.”
Luo Yingwei shook his head and said, "In this way, the initiative is no longer in our hands. Whoever Yu Yongan cooperates with may not choose to cooperate with Changshi Holdings. Yu Yongan regards us as the biggest opponent. We can withstand higher
Price, after acquiring this 10,000 acres of land, whether you are looking for a partner to develop it uniformly, develop it in blocks, or resell it, you can easily earn more than double the profit!"
The two think tanks held opposite opinions, and Li Bancheng was uneasy.
The auctioneer is already calling for the second bid, and the hammer has been raised.
Cheung Kong Holdings can get more than 40 billion Hong Kong dollars, but in the next one or two years, the ability of Cheung Kong Holdings and Li Bancheng's other companies to resist risks will become very weak. Most of the funds come from these
Transferred here by the company.
If you consider that development will be carried out within a year, a considerable amount of funds will be required.
However, what Luo Yingwei said makes sense. In the final analysis, it is a matter of initiative. Even if there is no money to develop it after it is taken, selling part of it at a premium can bring considerable profits. Originally, this 10,000 acres of land is just a number of plots.
The British Hong Kong government is just integrating it into a large land parcel for auction. No matter how it is done, the value is far more than 40 billion Hong Kong dollars. This is almost everyone's consensus.
However, after the downturn in Hong Kong's property market a few years ago, the current growth trend is very strong. Land is a non-renewable resource. Li Bancheng's philosophy is that the sooner you get more land, the more advantages and initiative you can have.
.
He knows the development prospects of the mainland better than many people, so before 2010, he accumulated a large number of high-quality land parcels in several major cities in the mainland and left them undeveloped. At a certain point (regulation), he suddenly sold them and obtained
Ten or twenty times profit.
Li Bancheng is best at land speculation.
He knows the value of these 10,000 acres of central land better than most people.
This time, he personally held up the sign and said with a smile, "41 billion."
Yu Yongan immediately followed up, "42 billion!"
Li Bancheng still smiled and raised his hand, "43 billion."
Yu Yongan hesitated, and all eyes were focused on him.
But seeing his desperate look, he stood up suddenly and said loudly, "45 billion!"
Everyone saw his CEO stamping his feet and shaking his head, trying to stop Yu Yongan but being unable to do so in time.
The focus came to Li Bancheng. He still maintained a faint smile and slowly raised his hand under everyone's expectant eyes, "45.5 billion."
Suddenly, the decisive look on Yu Yongan's face disappeared, replaced by a gentle smile. He said loudly, "I won't follow you anymore, I can't afford to play anymore."
Yu Yongan sat down.
When the auctioneer knew this price, the other bidding entities would never be able to reach it, so he simply gave Li Bancheng a favor. He quickly called out the third bid and knocked down the hammer.
"Congratulations to Cheung Kong Holdings for winning a 10,000-acre plot of land in Central, with a transaction price of HK$45.5 billion! Congratulations to Li Sheng!" the auctioneer said loudly.
The audience was stunned for a while, and then burst into huge applause.
Everyone sent their blessings to Li Bancheng one after another. In business, there are few people like Yu Yongan who have objections to Li Bancheng because of conflicts in business competition. Of course, no one knows whether he is doing this on purpose or if he is really a sweetheart.
Li Bancheng did not feel very happy. This price was a very dangerous position for Changshi Holdings. The most important thing was that Yu Yongan's expression changed very strangely at the end, and he was confused for a while.
After accepting everyone's blessings, Li Bancheng turned to look for Yu Yongan, only to find that Yu Yongan had left at some point, which made him feel even more strange.
The bottom line of Cheung Kong Holdings' price is 40 billion, or 40 billion at most.
Now it exceeds HK$5.5 billion, which requires the use of backup plans and financing with banks and private equity funds that have been contacted in advance.
Mainly banks and private equity funds rarely invest in such projects with a return period of more than five years.
The most important thing is that Li Bancheng does not want to give away the shares of the land parcel that he has worked hard to win at such a high price, so borrowing from a bank is his first choice.
Fortunately, Li Bancheng saw Gao Jian standing at the end and nodding to him with a smile, obviously waiting for him.
Li Bancheng didn't bother to chat with others, and after a few words with his assistant, he strode towards Gao Jian and said, "Mr. Gao, can you please take a step to speak?"
"That's what I meant. Let's talk about it in the car. If you take my car, yours will be too eye-catching." Gao Jian said with a smile.
It's exactly what Li Bancheng wanted. He will definitely be surrounded by reporters when he goes out now. Everyone in Hong Kong knows about his car, so he will definitely be surrounded.
The two of them walked out of the back door under the escort and cover of bodyguards. Gao Jian's car was a very low-key Duke. This kind of car, like the Crown of this era, was used as a taxi in Hong Kong.
Some lawyers, doctors, and civil servants buy them for commuting.
After getting in the car, Gao Jian took the initiative and said, "I didn't expect the result to be like this. Li Sheng, I'm afraid Changshi Holdings is under a lot of financial pressure, right?"
It is not difficult to collect 5.5 billion Hong Kong dollars, but it is a challenge to collect it before the money is paid. Li Bancheng cannot guarantee that the promises made by several previous banks will become a reality.
When he saw Gao Jian appear, Li Bancheng thought of another way - to borrow money from Hua Xia United Bank.
Because of his background, Yongan Group has a good relationship with Hua Xia United Bank. Gao Jian bluntly said that he was entrusted by someone to support Yongan Group when he appeared at the auction today.
Thinking of this, Li Bancheng said, "There is some pressure, but it can be overcome. Mr. Gao, the big boss behind Huaxia United Bank, is not a Hong Konger, right?"
Gao Jian smiled and said, "Li Sheng, let's put it this way, I can tell you everything I can say. You are a Hong Kong entrepreneur who has been received by national leaders. I have always respected you."
"Thank you." Li Bancheng nodded.
Gao Jian said in a deep voice, "The big boss of Hua Xia United Bank is indeed a mainlander, but he never asks about specific affairs. Do you want to ask about the relationship between this big boss and Director Yu? As far as I know, there is no deep relationship.
Director Yu has been investing in the mainland for a long time and knows some powerful people. Through these powerful people, he contacted my big boss and sought some financial support. My analysis should be like this."
Smiling, he said, "Actually, we are a bank. Whoever we lend money to is not a loan. We only look at the strength of the loan recipient. Besides, it is recognized that Changshi Holdings has better qualifications than Yongan Group."
Li Bancheng heard what he meant. Gao Jian supported Yongan Group because he was following orders. If Gao Jian was given a choice, he would tend to support Changshi Holdings.
However, after all, Li Bancheng had been ups and downs in the business world for half his life, and he would not give up his doubts just because of this.
He smiled and said, "Mr. Yu behaved very strongly. I thought he would continue to bid. I was already prepared."
Gao Jian said in his heart, Old fox, I know you have reached your limit, otherwise you would not get in my car.
So he smiled and said, "Yong'an Group's business in Russia has reached a bottleneck. Director Yu has many investments in the mainland, all of which are large investments. Their funds are not as abundant as the outside world said, otherwise they would not rely on their connections to find anyone to find me."
The big boss asked for help.”
After a pause, he lit a cigarette and started smoking, and said, "For a 40 billion Hong Kong dollar project, Yong'an Group's question size is too small. Even if Hua Xia United Bank fully supports him without looking at the review data, I'm afraid he won't be able to afford it." Li
Sir, you should have done some research, Yongan Group has prepared no more than 30 billion Hong Kong dollars."
"In other words, will Hua Xia United Bank help solve the gap of HK$10 billion?" Li Bancheng asked immediately.
Gao Jian did not answer, but smiled and said, "Li Sheng, this is the secret of our bank."
Li Bancheng smiled and joked, "Understood, Mr. Gao, if Changshi Holdings borrows money from Hua Xia United Bank, how much amount can you give?"
"Hua Xia United Bank has sufficient funds available. It depends on your determination, Li Sheng." Gao Jian said with a smile.
Li Bancheng thought for a while and said, "For the mortgage, use the shares of Changshi Holdings as collateral."
"If the assets are mortgaged, we can give about 50%. The details need to be investigated." Gao Jian thought for a while and said.
Instead of calculating market value for you, you must calculate asset value.
Li Bancheng made some calculations. In this case, the gap of 5.5 billion Hong Kong dollars can be solved. The current market value of Changshi Holdings is more than 30 billion Hong Kong dollars, and the asset value is more than 10 billion Hong Kong dollars.
"Mr. Gao, what about interest?" Li Bancheng asked with a smile, his expression not showing any inclination, even if he wanted to ask for help.
Gao Jian thought for a moment and said, "Twenty percent off. This is the bottom line of my authority. If it is lower, I will have to go to the board of directors and report to the big boss. Moreover, Li Sheng, we are not a listed company, so the loan agreement needs to be kept confidential.
"
In other words, Cheung Kong Holdings cannot disclose the details of this loan.
"Understood." Li Bancheng said.
Gao Jian thought for a while and said, "Principal and interest installments, interest first and then principal, or principal first and then interest, are all fine. If it only takes one year, you can repay the principal and interest when it is due."
To put it bluntly, Li Bancheng can choose freely.
Li Bancheng said, "I hope it will be a long-term loan. Our funds will not be withdrawn that quickly. How about five years?"
"Li Sheng, in this case the interest will be as high as more than 2 billion Hong Kong dollars." Gao Jian reminded.
Li Bancheng made a calculation.
Gao Jian said in a deep voice, "Li Sheng, you must have a way to quickly realize the 10,000-acre plot of land in Central. There is no need to pay such high interest to solve the temporary financial difficulties. Why not choose a one-year short-term loan?
The interest is a little higher, but the total interest is very cost-effective.”
He paused and said, "Find some bridging funds before expiration, and apply for a short-term loan for one year. In two years at most, the 10,000 acres of land in Central will be able to generate profits, right? In this way, just from
It will save one billion Hong Kong dollars in interest."
Undoubtedly, this is a very cost-effective way.
But there is a question, why does Gao Jian want to help Changshi Holdings so much? Li Bancheng raised this question with a smile.
Gao Jian shook his head and smiled bitterly, "Li Sheng, actually you have guessed it. The land of 10,000 acres in Central is a huge piece of fat. Our bank wants to participate. Apart from providing financing to real estate companies, there seems to be no better way.
Already."
"Hua Xia United Bank has just developed. Your company is worried about the lack of development funds, but we are worried about too many deposits and lack of investment channels. You also know that Hua Xia United Bank's business in Russia and Eastern Europe is developing rapidly, and most of them are ordinary people.
Our savings business is also under great pressure. Using this method, you can get scarce funds at the lowest cost, and I can also have a bright project to explain to the board of directors and the big boss."
It can be said that it was heart-breaking.
Li Bancheng has no hesitation anymore. The matter is complicated but also very simple. In his opinion, as long as the bank dares to borrow, he dares to ask for it, and the interest is 20% off. Borrowing from other banks also requires asset mortgage, otherwise it will be as high as 55
No bank dares to grant credit for a loan of HK$100 million.
Of course, it's different if you are a state-owned enterprise, or an enterprise with a sovereign background.