Hong Kong Island Rich: Starting from Tsz Wan Mountain

What the?

Are the two pillar industries of Hung Kee temporarily closed?

What the?

Is Longteng's gambling ship suspended?

For a while, these two news shocked the entire Xiangjiang world, and several associations close to Huo Wendong, such as the old crooked and stupid guy Tai, such as the number to help Hu Xuyong, called one after another.

"We have decided to close these two projects. "

"What? How is it possible, our Hong Ji is not out of business again!"

"You think too much, I'll tell you the truth, we Hong Ji decided to hand over these two projects to other clubs, and the one with the highest price will know when the time comes. "

"Okay, okay, Brother Yong, don't worry, I'll definitely leave some for you. "

"Brother Tai, our Hongji is just closed, not closed! Our Hongji is now in full swing! Don't think too much...... In a few days, we will hold a meeting in Hung Kee, and you must come to attend at that time, and we will auction off the right to operate the shops on Tung Choi Street and Fa Yuen Street...... Of course, gambling boats can also be discussed...... When the time comes, just pump water for us according to the old rules!"

......

Huo Wendong continued to explain to these community leaders, and communicated with the gambling saint Nie Aotian for nearly half an hour.

Nie Aotian was also very surprised by Huo Wendong's sudden decision to give up the gambling boat business.

But at the same time, Nie Aotian also very much supports Huo Wendong's decision, after all, he has completely trampled on the Haojiang gambling king He Xin in this game, and he feels that it doesn't matter if he has money or not.

Besides, if you do gambling for a long time, you will also feel bored, after all, some money is not glorious enough, and it also hurts the peace.

Arriving at the door of the Mandarin Hotel, Wang Zhicheng immediately pressed the electric door button, "Brother Dong, it's here." "

Huo Wendong stepped out of the car door with one foot, then got out of the car, tidied up his clothes, and prepared to meet someone he had to meet!

The other party is a Chinese-funded consortium, and they called him, hoping that he could help him.

Under the cold winter, Chinese people should help each other!

But Huo Wendong is more interested in the other party's group!

......

Mandarin Hotel.

Chen Zengxi, chairman of Hang Lung Group, watched Huo Wendong and his party get out of the car through the floor-to-ceiling window, and his mood was very complicated.

Hang Lung Bank is Hang Lung Bank and Hang Lung Group is Hang Lung Group, and there is no direct connection between the two.

Founded in 1960 by the Chan brothers, the Group had a history of developing residential properties along Prince Edward Road in Kowloon, and Hang Lung's beginnings were aided by a land exchange deal with the Hong Kong government in the early 60s.

At that time, the Hong Kong government needed to build the Princess Margaret Hospital on a hill behind the Lychee Garden in Kowloon, which was owned by Hang Lung, so it exchanged it with Hang Lung at Ho Man Tin Hill, and Hang Lung later developed the residential building of Hang Shun Garden in Ho Man Tin, laying the foundation for the company's future development in the real estate industry.

After the listing of Hang Lung Group in 1972, its net profit in the first year was as high as 65,700 yuan, surpassing Hu Yingxiang's Hopewell Industrial, 20% higher than SHKP, and 50% higher than Li Chaoren's Changshi, becoming the first Chinese brand in the real estate industry.

The market value was as high as 3.5 billion, making it one of the top ten chaebols in Hong Kong, but due to Hang Lung's misperception of the trend of real estate circulation, the net profit fell by nearly 40% in the following year, and it was not until 1978 that it surpassed the level of 1973 again.

However, a few years later, Hang Lung Group once again stepped on a big hole.

"Everything is fate, no one at all!" Chen Zengxi sighed heavily.

Two years ago, in 1981, Hang Lung Group's investments were gradually recouped and its business entered its peak.

Chan Tseng-hei's ambition led by a consortium of three consortia, led by Hang Lung, to participate in the auction for the development rights of nine MTR stations along the Hong Kong Island MTR, including eight commercial towers and 8,000 residential properties with a total floor area of 700,000 square metres. (If you read a violent novel, go to Feilu Novel Network!)

The construction cost alone was as high as HK$7 billion, and the total property value was as high as HK$18 billion based on the housing prices at the time, and if the development went well, Hang Lung could benefit HK$4 billion (38% of the shares).

If this project is successful, then its scale and revenue will exceed that of Li Chaoren's Whampoa Garden a few years later.

It's a pity that history has no ifs.

In September '82, Margaret Thatcher fell in the capital, kicking off negotiations between China and Britain on the future of Hong Kong.

Hang Lung's 9 subway station businesses have invested heavily in the development of the first phase in 82, but when it was finally possible to sell the off-plan and cash out the funds, the land prices fell sharply, and a large number of new houses were unwanted, which instantly trapped the funds of a consortium formed by Hang Lung, which was close to billions of Hong Kong dollars.

When the entire project was won, Hang Lung Group signed an agreement with the Hong Kong government and the MTRC to complete the project within the specified timeframe, and the second phase of the development was approaching, and the land premium of HK$1.82 billion had to be paid to the Hong Kong government before the development was completed.

The first phase of the funds has been trapped, and Hang Lung can no longer afford to pay the land price of HK$1.82 billion for the second tranche, so it can only suggest to the Hong Kong government to change the land price to 14.

Of course, the Hong Kong government will not agree, and if the land price falls, you will ask for a price reduction?

In the past, after the auction of so many lands, the land price rose again, and I didn't see any real estate companies come out to make up the money for the Hong Kong government, right?

What's even more devastating is that at this critical moment, a Japanese bank that had signed a contract to borrow 1.5 billion yuan from Hang Lung Group forcibly defaulted on its contract and lost tens of millions of yuan and withdrew its loan plan, which completely broke the capital chain of the Hang Lung consortium.

"'Da Da!

At this time, someone knocked on the door gently, Chen Zengxi immediately went to call the door, and what came into his eyes was a very young face, because the other party was nearly one meter nine tall, Chen Zengxi had to raise his head to look up at the other party, "Mr. Huo!"

"Boss Chen!" the hands of both sides clasped together.

"Come, come in and sit, and the brothers in the back also come in, and the big (Li Lihao) family has a place. Chen Zengxi smiled, and then beckoned Master Su and the others behind Huo Wendong, who didn't seem to be hit by the group's current predicament at all.

The waiter quickly brought up a stack of delicacies from the mountains and seas, and after pushing the cup with Huo Wendong to change the lamp, Chen Zengxi officially said what he meant to invite Huo Wendong over, "Mr. Huo, this time I came to you to get a loan from Hengyin!"

"Boss Chen, I won't tell you, if you are looking for me for a loan, you should also find Chairman He Tianhe. We had decisions about the bank's business, and I would never interfere with it. "

Huo Wendong gave the other party a cigar, and on the side, Master Su took out a lighter and lit it for Huo Wendong, Huo Wendong took two puffs and said: "However, since I have come here today, you can talk to me, and I will help you with advice." Over there, I'll make an appointment for you. "

After a pause, Huo Wendong continued to ask: "Your group, how much money is still lacking?"