Chapter 341 I'm so rich? How many hundreds of millions?

It is quite profitable, but there is a bottleneck in the development of this business. The middle class can use it but cannot afford it.

Therefore, He Zuozhi did not necessarily hope that Wang Yuanchao's electrical appliance factory would develop cheap domestic products. He was not planning to make money from the machines. He just wanted to earn more monthly rent.

But Deep Blue, well, its capabilities are not growing that fast, it is still in the process of disassembly, analysis, and research and development.

However, according to Wang Yuanchao's suggestion, the hard plastic shell used has already been produced by Blizzard's laboratory, and it can also be made into colored plastic!
But this is not the core. The core is the integrated system of chips and circuit boards inside.

In addition to the above budgeted ones, there are two big ones.

One is Qingzhou Yingni. Although Wang Yuanchao is the major shareholder, the board of directors decided to increase capital and dilute the shares of small shareholders. His shares increased from 40% to 42.3%. However, he only inserted a financial manager into the management team. The entire company's management team is still the same group of people. They can't make budgets, and Wang Yuanchao doesn't expect them to do so. The company's governance is too clear, which makes it inconvenient for him to operate later.

With the financial manager, he can have a clear view of the information of other small shareholders.

A large part of the financial manager's job responsibilities is to help him repurchase shares.

It's nothing more than that the company will not distribute dividends in the next few years and will definitely make further additional investments, which is very unfavorable to small shareholders. It is better to sell at a premium while the major shareholders and other shareholders are scrambling to acquire them.

Yes, in addition to Wang Yuanchao, Johnren’s second largest shareholder Carl and third largest shareholder Capital are also trying to acquire shares.

But John was used to being superior, and they had just made additional investments, so the premium they gave was very low, not as good as Wang Yuanchao, who directly gave a 20% premium.

After this action, another 7.53% of shares were acquired, adding up to 49.83%!
In this way, no matter how much John and his people struggle, even if other shareholders unite, they will not be able to form a 51% controlling majority. In other words, in Qingzhou Yingni, Wang Yuanchao absolutely has the final say.

But it is not enough. Just a little more, 1.17%, reaching 51%, and Wang Yuanchao will be the controlling shareholder and can manage Qingzhou Yingni according to his own wishes.

Until it reaches 51%, Wang Yuanchao will not interfere in the management of Qingzhou Yingni and allow them to continue to steadily advance the second factory in Yuen Long.

Before the second plant was fully put into production, all the profits from the first plant were withheld. Anyway, he did not expect dividends from the cement plant.

On the contrary, he would continue to increase investment. The land, construction, and equipment of the second plant would require continuous investment. If it was put into production, the fleet and car fleet for transporting raw materials and products would have to be strengthened, right? Then he would have to invest in the construction of a research center for new varieties and models of cement. The main goal was to spend so much money that no one could bear it.

Until Wang Yuanchao's shares reach expectations, Qingzhou Yingni will always need money.

In addition to Qingzhou Yingni, which has no budget management, there is another company that has no budget management, and that is Wang Yuanchao's favorite, Pacific Industrial.

This company implements an unlimited bullet strategy. Wang Yuanchao buys when he has money and takes loans when he can. Currently, the total investment in land and real estate has reached 2.38 million yuan, including 1.75 million yuan in loans and 0.22 million yuan in employee funds.

Is this all the capital you have?
Didn’t you invest in the stocks of Qingzhou Yingni? There are so many other companies!
Wang Yuanchao had no shortage of collateral, but he lacked the loan amount from the bank.

The current value of these lands and properties is as high as 5.73 million!
If these lands are developed into real estate and sold, it is expected to bring in an additional profit of 1.5-2 million!

And the interest rate for these loans is only 6 percentage points!

It is only the middle of 69, and it is still a long way from the crash in 73.

In other words, the value of the land and properties owned by Wang Yuanchao will continue to increase several times.

Yes, it’s several times more!

Otherwise, after a few years, the properties of Detective Lei Luo, who is worth 500 million, would be worth, I dare not say 500 million, but certainly hundreds of millions!

July 7st, the eighth day of the sixth lunar month.

After about two months of publicity and rendering, the Salisbury Road plot was finally auctioned at a asking price of HK$1717 per square foot, setting a new record for land prices in Hong Kong history!
[The original auction price was HK$2661 per square foot. Due to Wang Yuanchao's involvement, it did not rise that high. After all, his connections with the government, police, and society were still clear to the tycoons, so no one dared to argue.]

The price hike has just begun, and no price is too high. Wang Yuanchao is ready to increase the popularity of Pacific Industrial. Without a reputation, it will be difficult to raise funds through the stock market.

The total price of 3 square feet of land is as high as 5151 million!
Wang Yuanchao couldn't come up with so much money, so he only paid a 10% down payment and then borrowed another 4500 million from HSBC!
John's administration initially planned to test the waters with 1 square feet. After Wang Yuanchao had dinner with the Governor, he said that if the administration put out 3 square feet of land, he would provide a bottom line!
The total price is higher and more exciting!
The authorities didn't know what the situation was either way. They didn't lose anything, and since Wang Yuanchao had invested in football charity and promised a bottom line, they gave the land as a gift. It was all by the sea anyway, so the government would just fill in the boundaries and make a circle, and the developer had to reclaim the middle part himself.

Although Wang Yuanchao did not appear in newspaper reports about such an obvious change, well-informed tycoons all knew that the boss of Pacific Industries had been getting very close to the Hong Kong authorities recently.

This kind of person has the support of the authorities, the police force, and the community, so after bidding for a while, when they saw that Pacific Industrial really had the momentum to take it, they stopped bidding.

However, wealthy people from Nanyang poured in. They had lost their place to settle down in Nanyang. They had just arrived and did not know the situation well, so they urgently needed to invest in real estate in Hong Kong.

It can be said that the surge in real estate prices in Hong Kong was brought about by their lavish spending.

Wang Yuanchao didn't expect this gang to be so ruthless! The headquarters he planned was here, because he couldn't enter the Central area of ​​Hong Kong Island for the time being. He even found a designer from the United States to build a skyscraper!
The Pearl City Building under construction on the opposite Hong Kong Island is 34 stories high and 109 meters high. Once completed, it will become the tallest skyscraper in Hong Kong.

Wang Yuanchao's land is in Kowloon, and Kowloon has to obey the status of Hong Kong Island, so it was very conscious that it could not be taller than the Pearl City Building. Pacific Industries only planned 32 floors and 105 meters.

Because it is a land reclamation project, they will directly build a cofferdam, pump out the water, and build a three-story basement to avoid large-scale excavation.

Parking lots are located on the second and third underground floors, shopping malls are located on the first, second and third floors, a cinema is located on the fourth floor, and nightclubs are located on the fifth and sixth floors. Part of the apartments above will be sold to generate cash, and the company will keep part of the space for a hotel and another part for offices.

He has everything planned out, so he is determined to get this piece of seaside land!
Finally, someone next to the Nanyang merchant reminded him, and the other party stopped holding up the sign with half belief and half doubt.

At this time, the price has increased by 700% compared to the starting price of 145.28! Almost times the original price!
John's authorities were naturally overjoyed.

[John's authorities didn't know the price of the original time and space, so they were naturally very satisfied. ]

Wang Yuanchao lost a huge amount of profit in vain!

It's equivalent to Deep Blue or Blizzard, a year's work is wasted.

Angry or not? Angry!
But what can we do to them?

No, no!
After all, this is an open tender! He can't and doesn't dare to offend the authorities. After all, he still needs to make money and develop.

[If Wang Yuanchao knew the price of the original time and space, he would probably be more satisfied]

They could only celebrate the funeral, and called it a significant contribution to the finances of John's administration.

Later, Wang Yuanchao planned to talk to John's authorities. He said that he had paid a huge price and showed sincerity for the revival of Hong Kong's real estate industry. Would the government consider helping to change the planning of some industrial plots on hand into residential and commercial plots at a cheaper price?

The crying child gets the milk, and crying is never a bad thing.

As for those Nanyang financial groups, today we can say that we have become friends after fighting each other. Why don’t we all become friends? If we bid against each other, won’t that benefit the authorities?
If they don't make this friend, they will probably have to pay an extra price in the future. They will have to hide their heads in fear in front of Wang Yuanchao in the mainland, and they will have to hide their heads in fear in Hong Kong. Wouldn't it be a waste of their trip through time?

I think the societies would be willing to do something to gain some benefits.

As for newspapers, the news could not be suppressed because there were too many of them.

Some newspapers directly said "American astronauts fly into space, Hong Kong land prices soar". Just yesterday, July 7, American Neil Armstrong landed on the moon on Apollo 20!
Hong Kong's newspaper industry has never lacked creativity.

There were also newspapers that were pessimistic and listed previous data. After all, housing prices in Hong Kong have fallen before. Even the parents didn't accept the drop in 67.

But overall, as soon as the relevant reports came out, Hong Kong's housing prices rose again, and the land that the government is going to auction later is also expected to rise in price!

Phoenix Daily can only go with the flow and sing praises of the Hong Kong property market, encouraging citizens to seize the last good opportunity to buy homes, so as to avoid regrets when house prices rise sharply.

This is the absolute truth!
-
The chairman and general manager of Pacific Industrial is naturally Wang Yuanchao himself. He is not at ease leaving such a huge fortune to others to manage.

The design institute found the American design firm Skidmore, Owings & Merrill (SOM), which was founded in Chicago in 1936 and is one of the world's top design firms.

Their representative works are all 50, 60 or even 100-story buildings, while Pacific Industrial's building is only 32 stories high. Even with the three basement floors, it is only 3 stories high.

Wang Yuanchao had no special requirements for the shape of the building, as long as it was ordinary. The main thing was that the functional system must be sound, scientific and reasonable.

It doesn’t matter if the design fee is a little expensive, but it would be a fatal problem if the building is not mature enough in order to save a little design fee.

This is the first time Pacific Industrial has started operations, and it is worth paying a little more tuition in this regard.

After telling the authorities that he wanted to backstop the project, Wang Yuanchao found the SOM design firm. More than a month was enough time, so he had to cherish every minute and every second. He couldn't wait until the market collapsed in 32 to build a 73-story building. He had to rush to build it in 72!

So time is precious.

This is also the reason why he had to take over this land.

Real money has already been invested, who would have thought that the Nanyang Consortium would suddenly appear?

(End of this chapter)