Chapter 369 Investing in Li Jiacheng
Early the next morning, the early morning sun shone into the presidential suite of the Four Seasons Hotel.
Yang Wendong was also awakened by the glare of the sun. After opening his eyes, he found that Bai Yujie had also woken up, so he hugged her sideways and asked, "What are you thinking about?"
"I miss you~" Bai Yujie said happily, but stopped talking.
Yang Wendong said: "I think you can wake me up."
"You slept so well just now, I don't want to disturb your sweet dream." Bai Yujie said while blocking a certain hand.
Yang Wendong whispered in the beauty's ear: "You can wake me up like this."
"You think so beautiful~" Bai Yujie let out a small scream, and then her mouth was Blocked.
An hour later, the sun was higher, and the sunlight also fell from the bed to the edge of the window. Yang Wendong came to the edge of the window, looked intently, and saw the groups of people on the west side of Hong Kong Island and across Victoria Harbor. architecture.
Bai Yujie also came over, handed over a glass of milk, and asked: "What are you thinking about?"
"I'm thinking about this piece of land in front of me." Yang Wendong moved his hand across his eyes in the direction and said, "How much of it will be mine in the future."
Bai Yujie smiled and said, "Do you want to be the biggest in Hong Kong?" Landlord? Didn’t you say before that the core industry is manufacturing?”
“It’s not like you can only choose one or the other,” Yang Wendong said. I want to be involved in shipping, manufacturing, and media, and I may also enter other industries in the future.”
When a consortium develops to a certain level, as long as it has the ability, it will be difficult to shrink, no matter what. Business in Europe, the United States, Japan, South Korea, and even in the mainland in the future is essentially the same. Doing business is actually like running down a slope. If you don't encounter big obstacles, it will only get faster and faster.
Just like sticky notes, at first we only made this terminal product, and then we started making core supply chain products glue and paper. After these two businesses matured, we started making other terminal products for these two products. product.
Of course, it is also because there is not a rich industrial chain in the surrounding area, so in order to control costs, reverse penetration will gradually occur. If it is in the mainland a few decades later, various supply chains will mature, and suppliers will reduce costs to a minimum by relying on large scale. Then maybe I don't need to go to so much trouble. At most, like Formosa Plastics, I can just invest appropriately.
Bai Yujie didn't think much about it, but asked: "So your women are just like your industry, there will only be more and more?"
"What? Are you jealous?" Yang Wendong laughed asked rhetorically.
The best way to answer this kind of question is not to answer it, but to change the subject and ask the question instead.
Bai Yujie said: "I don't care, you should consider sister Yiyi and my sister~"
"Well~, then when do you want to enter my house?" Yang Wendong asked again.
"I, don't know." Bai Yujie paused and said, "I think it's better to wait."
"Okay, I respect your opinion." Yang Wendong nodded and said .
"Then I'll go down first. There are still classes at school in the afternoon." Bai Yujie smiled again: "You didn't go back at night. Do you need a reason to go home?"
"What do you want? Reason? I often don’t go back at night.” Yang Wendong said nonchalantly: “Several of my companies have separate bedrooms inside. Sometimes I don’t go back when I’m tired, especially sometimes. The road is not safe at night either.”
This is true. Hong Kong's infrastructure is not very good in many places. Especially if you stay on the Kowloon Peninsula, it will be very troublesome to cross the harbor at night.
At the same time, some gangsters will come out at night. Although regular gangs will not provoke wealthy families, what wealthy families are most afraid of are brainless young gangsters, or ruthless gangsters who are not afraid of death.
"Oh, I guessed it." Bai Yujie smiled, and then said: "Then I'll leave first."
Yang Wendong asked again: "Want me to send someone to take you back? "
"No, I can just drive myself." After Bai Yujie said that, she waved goodbye.
Yang Wendong was left alone, continuing to bask in the sun, and then looked at the countless buildings under the sunlight outside, which also represented countless wealth.
In the afternoon, Yang Wendong met in another suite with the chairman of Cheung Kong Holdings, Li Jiacheng, the most famous Hong Kong businessman in his previous life.
"Hello, Li Sheng." Yang Wendong said with a smile and shook hands.
The same is true for Li Jiacheng: "Yang Sheng, your hotel is really luxurious. It is much more prosperous than the Peninsula Hotel."
"Haha, thank you." Yang Wendong laughed. : "If Li Sheng is interested today, you can stay here for free for one night, or try out the various services of my Four Seasons Hotel. When overseas customers come in the future, you can also ask them to come to my place."
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Although the business of large hotels mainly deals with external customers, in this era without the Internet, external customers generally do not know the types of hotels in the places they go, etc. Therefore, the business customers that hotels value most are actually composed of Determined by local popularity.
As for tourism customers, they are generally cooperation with hotels and travel agencies. These are actually small numbers, because in this era, the global economy has not developed, especially in the areas surrounding Hong Kong, not many people come to Hong Kong to travel.
Li Jiacheng nodded and agreed: "Okay, I will borrow your phone later to inform my wife."
"No problem, you can do whatever you want." Yang Wendong smiled laugh.
Next, Four Seasons Hotel also needs to cooperate with large traders or factories in Hong Kong to retain their customers.
Li Jiacheng then asked: "Yang Sheng, I don't know what kind of cooperation we talked about yesterday."
Yang Wendong said: "Li Sheng, I want to invest in your company, what do you think? ”
Among the four major families in the future, Sun Hung Kai has been invested by him, while Henderson Land has not yet been established, but he and Lee Shau Kee are considered acquaintances. If the history is the same, then wait until Henderson is established.
Although the other two are difficult to invest in, they are not impossible, so you still have to give them a try. "Invest in my company? But my plastic flower business is not doing well now?" Li Jiacheng was not very surprised. In fact, this was not the first time someone wanted to invest in his company.
Yang Wendong smiled and said: "Plastic flowers are just a commodity and there is no patent. If I wanted to invest in it, I would have done it myself. What I want to invest in is actually you, Li Sheng."
“Invest in me?” Li Jiacheng was confused again Asked: "Yang Sheng, I want to know, what benefits does this cooperation have for both of us?"
Smart people must not only look at one side of the cooperation when looking at it, it is only beneficial to both parties. Cooperation is long-term and mutually beneficial.
Yang Wendong said: "For me, I am interested in your ability. Even if the plastic flower market is not good today, I believe that you will find a new product, Li Sheng;
For you, it depends on what you require, what I can provide you here There are some resources. For example, if your factory is not very profitable now, you can do some of the OEM business of Changxing Industrial. It doesn’t matter how much you make, but at least you can stabilize the scale of the company first, so that you have enough time to Take your time and think about your next step.”
Many of Changxing Industrial's products are produced externally, especially those related to plastics, such as spin mops, sticky hooks, etc. There are too many varieties and are cumbersome. If they are produced by themselves, the entire company's energy will be spent on low profits. On the production side, there are too many employees, and it is very difficult to manage. Not to mention Hong Kong, even large companies in Europe and the United States have a lot of big business diseases over time.
So it is the best model to let suppliers produce and then invest in shares yourself. Moreover, you are a customer, you control the supply of plastic particles in Hong Kong, and you are also a shareholder of Formosa Plastics. Taken together, it basically accounts for the entire Most of the profits of the industrial chain.
Since there are so many suppliers, it is the same for Yangtze River Industries to be its own supplier, and it can also invest in shares.
That is to say, the plastic flower market is now collapsing. Otherwise, Cheung Kong Industries' previous average profits were several million Hong Kong dollars a year, and it would not be so easy to become a shareholder.
"Yang Sheng's proposal is indeed a good one." Li Jiacheng was also a little moved. Nowadays, the competition in the plastic flower market is fierce, which has forced his factory to lay off employees.
Once he lays off employees, the signal to the outside world will be very bad. He doesn't want to do it unless it is a last resort. If he can become a supplier of Changxing Industrial, although the profit will not be very high, it can at least maintain the scale of the company.
Yang Wendong then said: "Then Li Sheng agreed?"
"For this kind of thing, I have to listen to Yang Sheng's request before making a decision, right?" Li Jiacheng asked with a smile. .
"That's right." Yang Wendong nodded and said: "I don't know the specific situation of your Changjiang Industrial. The cooperation with Changxing Industrial is more complicated, but I can guarantee that you can receive Enough orders to maintain production.
As for me, I want to acquire 20% of the shares of Changjiang Industrial. In terms of funds, I will invest according to the data from the subsequent property audit.”
"That sounds good." Li Jiacheng paused and then asked, "Yang Sheng, can you ask a question other than investment."
"Okay." Yang Wendong agreed.
Li Jiacheng asked: "I am more optimistic about the real estate market now, because I feel that no matter how much money Hong Kong society makes through industry, except for a few people who will transfer foreign exchange and leave, most of them will invest their money in real estate. There are still a few that are the stock market.
So I think it is better to do real estate than to work hard in factories, and you, Yang Sheng. There are both real estate and industry. I want to know your opinion.”
“Your point of view is actually right.” Yang Wendong nodded and said, “A large part of Hong Kong’s wealth will indeed go into real estate. Unless you have outstanding abilities, the energy invested in running a factory will be higher than that in the real estate industry, and the returns may not be comparable.”
This is actually an understatement. If it were not for the talented talents of elite factories, Hong Kong's factories in this era would definitely not be as good as real estate. The wealth earned from industry, trade, shipping and even the service industry in the Hong Kong market will eventually be greatly reduced. Part of it has flowed into the real estate industry, and there is no way to compare.
That is to say, Yang Wendong has a golden finger and is sure to make global money. But even so, if there is no electronics industry and Internet industry, other traditional industries will be difficult to compare with Hong Kong no matter how hard they work. Real estate returns, or future returns from mainland China, etc.
Of course, there is no choice between this kind of thing, so the two can develop simultaneously.
Li Jiacheng agreed and said: "Yang Sheng has great opinions, but the real estate prices in Hong Kong are too high now, and throughout the history of global real estate, there are real estate crises, and Hong Kong also had them a few years ago, so I am now I never dared to make a move, so I could only use the funds I had to buy a few industrial buildings to collect rent.”
“Industrial buildings are indeed the safest investment. Even if the real estate market is not good, industry is still good. Yang Wendong smiled and said: "As for the real estate crisis, it does exist, but is there any business in this world without risks?
A factory may also go bankrupt, or if there is a shipping crisis and freight prices soar, a lot of factories will die. Relatively speaking, the risk of real estate may be smaller. ”
Even collecting rent is risky, because normal real estate business involves borrowing money to buy a house and then renting it out. Once the real estate crisis occurs, rents drop, and bank mortgages are insufficient, the capital chain will easily collapse. Unless the scale develops to a very large scale and holds a large number of properties without debt, but before that, it will take many years of smooth operation to achieve this step.
"Yang Sheng also believes that the current real estate prices in Hong Kong are on the high side. High? Li Jiacheng asked: "I think Changxing Real Estate is not very active in Hong Kong government auctions now." "
Yang Wendong said: "That's right. From 1958 to now, house prices have increased by an average of 3 to 4 times. This kind of increase has basically reached its limit. I just don't know when it will return to normal. . ”
“You can buy the bottom when things return to normal. "Li Jiacheng said with a smile.
"Yes." Yang Wendong nodded.
Normal people know this kind of thing, but smart people among normal people will choose the right time. This is the most important thing, otherwise a V-shaped downward curve will lead to a wrong position. If it goes out, there will be heavy losses.
Every time there is a crisis, many people survive the temptation of the highest peak, but choose the wrong time to enter the market to buy the bottom. If the leverage is large, they will die.
Li Jiacheng thought for a moment and then said: "Well, Yang Sheng, I need to think about it and discuss it with my wife."
"No problem." Yang Wendong was not in a hurry, He also knew that Li Jiacheng was different from him. Zhuang Yueming was also involved in management within Yangtze River Industries.
In the evening of that day, Zhuang Yueming also came to the Four Seasons Hotel and met Li Jiacheng in the suite prepared for them by Yang Wendong.
After listening to Li Jiacheng's description, Zhuang Yueming immediately looked around and whispered: "Is there something wrong with this room?"
Li Jiacheng smiled. He smiled and said, "I also thought of this, so I didn't ask for the presidential suite, but randomly chose one. The Four Seasons Hotel is also a big industry, much bigger than our Yangtze River Group, so it shouldn't do this kind of thing." "
"Well" Zhuang Yueming also thought it made sense, then thought about what he just heard, and said: "This cooperation looks good, but the core is not to get some plastic products. Order.”
……
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(End of this chapter)