Chapter 214 Purchased 7 Buildings on Hong Kong Island
Afterwards, Zheng Zhijie gradually introduced many properties of the real estate company owned by Liao Chong Hing Bank.
Yang Wendong also listened one by one until the last property introduction was completed.
After listening, Yang Wendong said: "Liao Baoshan has been operating for more than ten years and has the most convenient financing channels. The accumulated real estate properties are really impressive;
Based on the market price, It’s almost 100 million, right?”
Zheng Zhijie replied: "Yes, the three buildings in Central alone are worth more than 10 million, and there are many residential properties and office properties across Hong Kong Island. In terms of housing prices alone, there are not 100 million, but also 70 million. Eighty million.
However, we still don’t know the debt situation. How much is mortgaged on the commercial real estate is not mentioned in the information of Liao Chong Hing Bank.”
“It doesn’t matter. , anyway we are shopping Just give the money to the Liao family." Yang Wendong said: "As for the original liabilities on the property, Liao Chuangxing Bank's own funds were used anyway, and they will not accept the loan. We can just pay the money and deliver the goods. ”
There are two types of normal property transactions with loans, either with liabilities or just buying the property. The seller will pay off the debt after getting the money. In essence, it is the same, that is, for the buyer. Financial pressure is great.
But when buying a property from Liao Chong Hing Bank, you can only choose the latter, because the buyer's debts are also his own.
Zheng Zhijie nodded and said: "Yes, what properties are you optimistic about, Yang Sheng?"
"I want all three buildings in Central, especially this 25-story building. I must win it." Yang Wendong After a pause, he said: "Try to get the other two buildings as much as possible. As for other properties, you can get as much as you can.
I have negotiated with HSBC and Standard Chartered Bank. They will provide 2800 A loan of 10,000 Hong Kong dollars will be given to us for this operation, and Changxing Industrial will also mobilize some funds."
After hearing this, Zheng Zhijie asked: "Yang Sheng, borrow so much money again. Is it too risky to buy real estate? Our group’s investment in Kwun Tong is also very large;
If the real estate market does not recover or even continues to decline, we may cause great damage. ”
"Do you think the real estate market will improve?" Yang Wendong asked.
He was very happy when his subordinates raised questions about his requirements, because this was normal.
In this world, except for him, a time traveler, no one can guarantee the future trend of the real estate market. As a professional manager, he is also obliged to inform his boss of some risks or give advice.
Zheng Zhijie said: "Hong Kong's industrial development has been very good recently, and trade is also good. Coupled with the influx of a large number of outsiders, from a long-term market perspective, real estate will definitely get better and better;
But in the short term It's hard to say, especially because the run on Liu Chong Hing Bank has begun to affect other banks.
I heard that the Hong Kong government is preparing to start preparing a banking law to restrict some high-risk behaviors of banks. In this way, financing in the real estate market will be affected, and it will inevitably affect the real estate market in the future. "
"The analysis is correct, but you overestimate the efficiency of the Hong Kong government. Yang Wendong smiled and said: "Besides, Changxing Industrial's profits are very considerable. Our current loan can be easily repaid in the future."
Especially after the industrial park in Kwun Tong is completed and our fleet becomes larger, the profits will only be greater. ”
In history, after the run on Liao Chong Hing Bank, depositors were like a runaway horse and instinctively went to other banks to withdraw money, fearing that the same thing would happen.
In this case, it has always been The Hong Kong government, which adheres to "free market principles", had to intervene and invited HSBC to stabilize the situation
Therefore, in the run on Liao Chong Hing Bank, only the Liao family suffered heavy losses, and the impact on others was not significant. This incident was quickly forgotten. After several months of trough and plateau, the real estate market began to appreciate significantly again. .
"Okay, then I will prepare to communicate with Liao Chuang Hing Bank." Zheng Zhijie nodded and agreed.
Since the boss has said so, he will not remind him a second time, let alone disobey the boss.
Yang Wendong added: "This time we mainly acquire the fixed properties owned by Liao Chuangxing. Don't touch the properties that are under development. It will be easy to get confused after taking over.
There is only so much time. , our funds are also limited, and we give priority to properties that can be rented in the future without any management costs.”
Although Changxing Real Estate is already developing its third community residential project, it is still a child in the real estate market. Taking over too many properties under development at once may cause problems.
As for a property that only collects rent or a separate piece of land, it is much simpler. After acquiring it, you only need to be responsible for collecting rent and repaying the bank loan. Then pay attention to the price. If it is suitable in the future, sell it. If it is not suitable, you can sell it. Just continue to hold.
At the same time, these fixed assets can provide collateral for future loans, because after housing prices rise further, properties with full loan limits can be remortgaged.
This is also one of the fundamental reasons why real estate ≈ finance.
“Understood, priority will be given to properties on Hong Kong Island.” Zheng Zhijie said with a smile: “But I estimate that the property they are currently in will not be sold unless it is absolutely necessary,
What is most likely to be sold is the headquarters under construction, but with such an excellent location, there must be a lot of competition. "
"Of course, we are not fools. Everyone wants such a high-quality location. "Yang Wendong paused and said: "If there are more competitors, then we can buy it directly at the normal price without considering that Liao Chuangxing Bank is urgently short of money. ”
No matter how much pressure you put, comparing the future appreciation ability of a building in a prime location in Central is just child’s play.
And I am now considered one of the celebrities in Hong Kong. After entering the spotlight of the Hong Kong government and Hong Kong's top business circles, what needs to be done more is to increase its influence
Kwun Tong's 10,000-person industrial park counts as one, and so does the shipping company, and Central is the most important. The building in the core location can also be counted as one.
"Okay, I understand. I don't care about temporary gains and losses." Zheng Zhijie said: "In this case, the Liao family will probably give us priority."
"Well, that's it, I will contact the Liao family. Tell me immediately what happens." Yang Wendong nodded.
Business negotiations are not what he, a time traveler boss, is good at; for this kind of thing, he only needs to set strategic goals, and how to implement them will naturally depend on professional managers and professional business lawyers, finance, and finance Wait for a team of professionals to take charge.
In the next few days, many branches of Liu Chong Hing Bank in Hong Kong had to close due to lack of funds.
This caused further panic. Depositors were anxious and surrounded several branches that were still open, as well as the head office.
Rumors abounded in the market. Some said that Liao Baoshan had committed suicide, while others said that he had fled Hong Kong. As the rumors spread, they even appeared in newspapers, forcing the Hong Kong government and the police department to publicly prove that Liao Baoshan was still alive. in Hong Kong.
The team composed of Zheng Zhijie also quickly communicated with the Liao family to discuss the prices of various properties.
Yang Wendong also temporarily put aside other things and was able to acquire a large number of high-quality properties at once. This opportunity only comes once in many years, and because of the bank run, the negotiation time for this real estate transaction will not be very long. June 25th:
Liao Baoshan looked at the crowded crowd downstairs in a daze, her face was ashen, but she was helpless.
At this moment, he finally figured out that all of this was caused by himself. If he hadn't taken the savers' money to speculate on real estate regardless of the risks, how could he have ended up today.
“Dong dong dong~” There was a knock on the door. Liao Baoshan turned around and saw the person coming and said, “Come in.”
“Daddy, how is your headache? ?" After Liao Liewen came in with some documents, he did not discuss the matter first, but was concerned about his father's health.
"It hurts one after another." Liao Baoshan didn't care about her body and asked, "How are the offers from those buyers?"
Although he was reluctant to part with it, Liao Baoshan also knew that he These properties that used to be there can no longer be saved. Even if the bank does not fail, the huge debts owed will still need to be sold to compensate.
At this moment, he just wants to keep the Liao family's Basic Industrial Bank and nothing else.
Liao Liewen said: "There are currently more than a dozen companies that want to acquire our properties, including Land, Swire and Wheelock. They are also interested in our properties in Central.
These are Some of their quotations are still negotiable, but judging from the current time, it may be a bit too late.”
“Let’s not talk nonsense, we will sell to the one with the highest price.” Liao Baoshan also said. Knowing that time is urgent now, he urgently needs money.
Liao Liewen said: "Of all the bidders now, Yang Wendong's bid is the highest. His price is basically only a little lower than the normal market price."
"Yang Wendong?" Liao Baoshan thought of this young man she had only met once, and then looked at the information in her hand.
After the meeting, he said: "This price is indeed very conscientious. It is only about 5% lower than the market price. However, can he raise so much funds in a short period of time?"
< br>"Their people replied that it was OK. It is said that they got emergency loans from HSBC and Standard Chartered." Liao Lie Wen replied: "As for why these two banks are willing to provide so many loans in a short period of time, I don't know."
"Well, then sell it to Yang Wendong. We are in urgent need now." Money, no time to argue with other people." Liao Baoshan didn't want to ask too much.
"Okay." Liao Liewen asked again: "Daddy, how is the negotiation with the Hong Kong government? Now that we are selling the property to pay back the money, we can only treat the symptoms. If we want to cure the root cause, we still have to go to Hong Kong. Just ask the government to guarantee it.”
Liao Baoshan, who had been somewhat normal before, suddenly felt resentful after hearing these words: "Those gangsters want to take the opportunity to annex our banking business and put forward many excessive demands. Once I agree, my Liao family will Completely kicked out of the banking industry.”
Liao Liewen also knows that the current situation is bad. The Hong Kong government will naturally not pursue the idea of a bank, but it is hard to say about the people in the Hong Kong government. Even if they cannot directly participate because of their official positions, how can these people not cooperate with them? Are there any contacts with British banks in Hong Kong?
It’s just that the current situation doesn’t leave their family with a choice, so they still said: “But the longer the appointment is delayed, the worse it will be for us.”
Liao Baoshan nodded and said: “ I know , you sell the property first to raise money, and leave the Hong Kong government affairs to me."
"Okay." Liao Liewen also knew that although his family was in trouble, Liao Baoshan had been operating in Hong Kong for decades. Have their own relationship network.
Two days later, on June 27th:
Yang Wendong came to a senior suite at the Peninsula Hotel:
Liao Liewen was also here, and handed a stack of documents to Yang Wendong and said: " Yang Sheng, these are the 7 buildings involved in our transaction. The total value of the Xiamen property is 23 million, and I have waived the fraction;
You can take a look at the content."
"Okay." Yang Wendong nodded, and then read the contract carefully. , and after reading it, he gave it to the legal team around him.
The seven office buildings were the final transaction between Yang Wendong and the Liao family.
One building is naturally the headquarters of the future Liu Chong Hing Bank Building in Central, and there are 6 other buildings, 2 in Admiralty, 2 in Causeway Bay, 1 in Wan Chai, and one in Happy Valley.
Half an hour later, both parties reviewed the final contract for the last time. Yang Wendong and Liao Liewen signed and stamped the contract respectively.
Liao Liewen said: "Yang Sheng, congratulations, you have become the new owner of seven buildings on Hong Kong Island."
Yang Wendong said: "Don't worry, Liao Sheng, I will go there soon. With HSBC, after completing the procedures, you will receive the funds soon.”
"Okay, thank you." Liao Liewen nodded and said.
"Sheng Liao, I also hope that your bank can get out of today's predicament as soon as possible." Yang Wendong nodded and said: "After your bank returns to normal, we can continue to cooperate."
Although I can’t be considered as adding insult to injury, or even They also raised the purchase price compared to others, which made the Liao family's losses in the real estate industry less serious;
But this kind of thing is not a transaction under normal circumstances, and Yang Wendong is not really forced to sell the property. There are no more cheerful words to say in front of Liao Liewen.
Liao Liewen nodded and said: "Okay, I hope you can cooperate with Yang Sheng again in the future, and our bank will definitely give you a very high discount."
It’s not a case of “a friend in need is a friend indeed”. Liao Liwen also knew that Yang Wendong was not helping him, but at least he didn’t take advantage of others’ danger. Unlike other buyers who saw that Liao Chuang Hing Bank was in trouble and needed funds urgently, they kept the price down. .
Coupled with the fact that Yang Wendong has acquired so many properties, as well as the scale of his own shipping company and industrial enterprises, he will definitely become one of the top beings among Hong Kong Chinese in the future, even surpassing what he was at his peak. Liao Baoshan.
If Liao Chuang Hing Bank can restore its original scale and reputation in the future, it will also need the cooperation of a well-known wealthy person as a guarantee.
"OK." Yang Wendong said: "But your bank still needs to try its best to negotiate with the Hong Kong government and resolve this matter through administrative means."
As for bank runs, no matter how rich you are, We can only wait for a while. If we want to solve the fundamental problem, we must restore credibility and let depositors have confidence in the bank.
Otherwise, even a normal bank cannot withstand a run; the only thing Hong Kong can make depositors trust is the Hong Kong government or top British banks or consortiums such as HSBC, Standard Chartered, and Jardine Matheson.
The current Yang Wendong’s financial resources and reputation are far inferior to those of the top British consortiums, and he simply does not have this ability.
"Understood, thank you Yang Sheng for informing me." Liao Liewen said with a smile.
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(End of this chapter)