I Want To Be a Rich Man on Hong Kong Island - Chapter 686

Chapter 686【Jiahe Retreat】

May 10, when the Sino-British negotiations on the future of Hong Kong Island have entered a critical moment, Hong Kong investors have just built a little confidence;

Simon Keswick, chairman of Jardine Matheson, suddenly announced that the registration of Jardine Matheson would be moved from Hong Kong to Bermuda, the British Autonomous Region.

The so-called relocation of Jardine Company is actually registering a group holding company-Jardine Holding Co., Ltd. in Bermuda, and exchanging shares of Jardine Holding Company for shares of the Hong Kong listed company Jardine Company. In this way, the shareholders of the original listed company become Shareholders of the new holding company and replace the listing status of the original listed company.

The news broke out, and the whole Hong Kong vibrated!

The South China Morning Post pointed out: Jardines has always claimed to be a veteran British-owned foreign firm that claims to have ‘represented Hong Kong in the colonial era’. At this critical moment, it declared its withdrawal from Hong Kong, as shocking as dropping a ‘Bermuda bomb’;

“Oriental Daily” criticized without hesitation: If Jardine has no confidence in Hong Kong, why not just stop doing business in Hong Kong and not make Hong Kong people’s money?

Public opinion generally believes that Jardine’s choice to announce the relocation registration at the most sensitive time is “untimely” and “unwise”. It is a kind of pressure to help the British government carry out pressure at a critical moment; such an act will not cause future trade with the mainland. It will be as smooth as before.

American bankers commented: Jardines hopes to protect the group’s overseas assets, because if there is any change in the future of Hong Kong, even if Jardines loses only Hong Kong assets, it can preserve overseas assets through the Bermuda Holding Company; however, Yihe There is no need to take such an urgent action at this stage, and it is not too late to implement it in two or three years.

Obviously, Jardine’s move is more of a political action than protecting assets, and the purpose is to put pressure on China.

However, although Jardine’s move made the Chinese feel angry, the Chinese quickly remembered that Wu Guangyao cut off the two wings of Jardine-Wharf and Land;

Suddenly, the wind on Hong Kong Island blew off again!

Some media used ‘national heroes’ to ‘raise Chinese people’s ambitions and destroy British prestige’. ‘Mr. Wu is worthy of being the heir of the dragon, the pride of Chinese businessmen in the world’, ‘greatly invigorated and enhanced the Chinese people’s national confidence and self-esteem’.

In order not to provoke the confrontation between Chinese and British capital, Wu Guangyao had to stand up and say;

“I think everyone must be very interested in my participation in certain Hong Kong real estate company activities (which alludes to Wharf and Land Acquisition). Today I will tell you that I participate in real estate activities not because I want to interact with the traditional British capital. The company is against it; as you can see, I have never initiated any acquisitions of established British companies such as Swire Pacific, Wheelock and Grand Hotel. On the contrary, I have cooperated more. The objects I participated in were all those who encountered difficulties themselves. The company, even if I don’t participate, there are other people involved.

Like most people, I am full of confidence in the future of Hong Kong, so these commercial activities are nothing more than finding a place for my surplus funds, nothing more!

Everyone develops under one side of the sky, competition and mergers are inevitable; even so, the attitude that peace is the most important thing cannot be discarded. ”

Even though he said that, in fact, only he knew what Wu Guangyao thought in his heart!

However, no matter what you think about it, Enron cannot be crowned a ‘national hero’ because of this acquisition;

Otherwise, if you acquire Chinese-funded enterprises in the future, will it not be labeled as ‘national treason’;

This is the so-called ‘moral kidnapping’!

As long as one does not have that kind of ‘morality’, no one can kidnap oneself.

In late May, Wu Guangyao returned to Hong Kong from the mainland.

This trip was very rewarding, and won the investment of Beijing International Trade Center, and it was a wholly-owned investment;

At this time, the mainland has not yet adopted the policy of “sole proprietorship” enterprises, Wu Guangyao obviously has a lot of face;

Of course, there are also mainland China who don’t have enough funds to invest in a large project of US$600 million.

In the past few years, Wu Guangyao has invested in many projects in the Mainland, both profitable and non-profit;

Non-profit projects include: Guangzhou-Shenzhen Expressway, Guangzhou-Zhuhai Expressway, Shajiao Power Plant A, Shekou Nanhai Hotel, Shaoxing University;

Profit projects are all joint ventures, including: Shenzhou Shangri-La Hotel, Beijing Color Picture Tube Factory, Shanghai Jaguar (Wu’s in the UK), Shekou PG Zipper Factory, Shekou Automation Equipment Factory.

The actual investment of 20 billion Hong Kong dollars has been achieved, which can be described as a great effort;

In his previous life, Hehe’s Hu Yingxiang claimed to have invested 50 billion Hong Kong dollars in the mainland, but that was an investment of more than 30 years.

And Wu Guangyao has invested 20 billion Hong Kong dollars in real cash in less than five years.

Central Terminus.

Wu Guangyao looked at the two international financial center buildings that were about to be topped off, and couldn’t help feeling that his neck was a little sore;

The above-ground floor of Building A of the International Finance Building is 72 floors and the height is 325 meters;

Building B of International Finance Building has 68 floors and a height of 308 meters;

The two buildings are like Dinghai Shenzhen, straight into the sky, no wonder Wu Guangyao’s neck is sore after watching for a few minutes.

At this time, there are only four high-rise buildings in this central reclamation area, all of which are properties of Wu Guangyao;

Respectively, Universal Building (52 floors), Cheung Kong Building (55 floors), International Finance Building A (72 floors), International Finance Building (68 floors), totaling 3.3 million square feet of commercial building area;

According to the office building at this time of 28 Hong Kong dollars per square foot per month, the monthly rent of these four buildings can reach 92 million Hong Kong dollars, and the annual income can reach 1 billion Hong Kong dollars. Of course, this is only a rough calculation. After all, the rent of commercial shops can be higher than that of office buildings. And there is no management fee.

If by 1994, the monthly rent of these four buildings would reach 90 Hong Kong dollars per square foot, and the annual rent would reach 3.6 billion Hong Kong dollars.

Thinking of this, Wu Guangyao secretly made up his mind that no one could squeeze in this reclaimed land.

“Let’s go! Let’s take the pedestrian bridge today to see how many buildings are connected together!” Wu Guangyao said to Wu Xianshuo next to him.

Today is the weekend, Wu Guangyao and Wu Xianshuo have made an appointment to inspect the high-quality properties under their umbrella.

Stepping on the sky bridge, the flow of people suddenly increased, and it can even be said to be ‘heads of people’;

After the pedestrian bridge in Central is completed, it will connect more than a dozen buildings under Wu Guangyao, together with several government office function buildings;

After the building is connected, Hong Kong people are immediately attracted to go shopping, because there are many buildings underneath are shopping plazas, and there are office buildings, hotels, restaurants, entertainment venues, etc. to stay in these buildings;

So, the flow of people on the pedestrian bridge has always been a sea of ​​people!

Soon, the father and son saw the eight buildings in the central area of ​​the central area where the Wu family belonged;

The eight buildings are the six buildings on the front site-Chater Building, Cultural Oriental Hotel, Alexandra Building, Prince Building, Hongkong Land Building, Jardine House;

There are Lane Crawford Building and Yikang Building (on the subway station).

The eight buildings are also connected by a pedestrian bridge, because they happen to be in one area.

On the west side of the pedestrian bridge is Queen’s Road. The Wu family also owns three buildings, namely, Everbright Building, Changjiang Building and Huarenxing.

Walk towards Admiralty in Central, Hilton Hotel, Hutchison Building, Admiralty Building (at Admiralty Station), Hong Kong Club Building, Building AB of New World Building (Admiralty Station, Section 2 of the Metro), No. 9 Avenue, Duke Building, a total of 8 buildings.

In other words, in the best location in Central, the Wu family owns 23 first-class buildings, accounting for about 50% of the entire area.

Central is originally the core business district of Hong Kong, and these 23 buildings are located in the core area of ​​Central, so they are the core of the core;

In addition to these 23 buildings, the Wu family has 15 buildings in other areas of Central;

In other words, the Wu family owns 38 first-class buildings in Central, Hong Kong, totaling 15 million square feet of commercial buildings.

Very exaggerated!

Not only that, in Sheung Wan, Western District, Mid-levels, Wan Chai, Causeway Bay, the Wu family also owns a full 30 commercial buildings;

is just a commercial building on the island, the Wu family owns nearly 70 buildings.

No wonder someone called Wu Guangyao’Wu Bancheng’ privately. Although there is some exaggeration, it is also said to be the past.

(End of this chapter)