Volume 8 Final Chapter Chapter 1068: Starting over again after listing
In the morning, Nan Yi had breakfast at Shenwan Road, then carried Nan Ruoqi to the Shenwan Yacht Club Pier. He pointed at the yachts docked at the pier and told Nan Ruoqi what color each one was.
After a brief color recognition education, Nan Yi boarded the Creativity yacht.
With his arrival, the discussion meeting on the listing of Creativity Real Estate began immediately, with participants including Zhu Youren, representatives from the financial team and the strategy team.
On January 4, 1994, the Hang Seng Index closed at a peak of 12,201.1 points, and Hong Kong stocks fell in retaliation. On January 23 this year, the Hang Seng Index fell to a low of 6,967.9 points, down 42.9% from its high. After trading sideways for two months, the concept of red chip stocks exploded, and the Hang Seng Index began to rebound and rise, and international hot money flocked into Hong Kong.
At present, the Hong Kong stock market is in a very good situation, and it is a good time for companies to plan to go public.
"Nansheng, and everyone else, since its establishment, Creativity Real Estate has always adhered to the principle of project isolation, that is, each project belongs to an independent company. Therefore, it is very simple to divest assets. We only need to determine which independent companies belong to Creativity Real Estate and become subsidiaries."
Creativity Real Estate nominally has a large number of assets under its name, but there is no legal affiliation between it and the independent companies that hold the assets. They are all independent of each other. It is only within Nan Corporation that Creativity Real Estate is the highest-level unit responsible for supervising Nan Corporation's real estate-related assets.
Nan Yi held Nan Ruoqi in his arms, flipping through the asset statistics table in his hand, and said without raising his head: "Youren, please sort out your assets."
"Okay, Nansheng." Zhu Youren nodded to Nan Yi, "Currently, the assets of Creativity Real Estate include the properties of the shadow company Weiguangzheng Real Estate around the world.
Asia: Tokyo, Nagoya, Osaka, Singapore, Kuala Lumpur, Jakarta, Bali, Ho Chi Minh City, Hanoi, Da Nang, Bangkok, Pattaya, Manila, Macau, Hong Kong, Taipei, Seoul, Busan.
Europe: Paris, Vincennes, Saint-Mandé, Levallois-Perret, Val d'Isère, London, Cambridge, Portsmouth, Edinburgh, Manchester, Birmingham, Liverpool, Berlin, Hamburg, Frankfurt, Munich, Amsterdam, Rotterdam, The Hague, Utrecht, Brussels, Lisbon, Madrid, Luxembourg, Stockholm, Rome, Milan, Naples, Turin, Venice, Florence...
Americas...
Australia...
Africa...
Creativity Real Estate holds properties in various cities around the world with appreciation potential . In addition to properties purchased for investment purposes, it also manages resorts and holiday villas scattered around the country for institutions such as the Information and Policy Commission, South China Bank, Shennong Nanliang, and the South Office.
In addition, Chuangli Real Estate holds properties in Guangzhou, Shenzhen, Hangzhou, Suzhou, Jinling, Shanghai, Beijing and other places in mainland China. Because they were purchased as foreign investors, the holding costs are relatively high.
For specific property holdings, you can turn to pages 11 to 94, which record in detail the purchase time, cost, address, and current valuation of each property.
Hearing this, Nan Yi turned to page 11 and quickly scanned the property table. Nan's company had too many properties. When he usually looked at the report, he would not look at the information of each property in detail, but would only glance at the statistical figures.
"Currently, Creativity Real Estate is working on a project: Bolin Holdings invested in London's Canary Wharf Financial City. After nearly a decade of continuous investment, Canary Wharf has ushered in the dawn of profitability. Financial giants such as HSBC, Citibank, Barclays Bank, Bank of England, Standard Chartered Bank, Rothschilds Discount Company, and JPMorgan Chase, as well as well-known media such as the Daily Telegraph, the Independent, Reuters and the Mirror have settled here.
In another three years, Canary Wharf will be able to recover its costs. After deducting hidden expenses from the annual rental income, Creativity Real Estate will be able to obtain a net income of at least 600 million pounds. This figure will continue to increase with the prosperity of the British real estate industry.
The Fangzhuang project of Tota Construction is a resettlement supporting project for the reconstruction of the old city of Beijing. The expected profit is no more than RMB 3 million, which is negligible. However, Tota Construction has obtained the land and approval for the construction of 15 high-rise buildings no higher than 28 floors. According to the agreement, construction will start no later than the end of January 2000.
In addition, Tota Building has retained 60 two-bedroom apartments at a preferential price for relocation and resettlement.
Tota Architecture is negotiating with the Beijing Municipal Government on a renovation project for an old street stretching from the East Second Ring Road in the east to Dengshikou in the west. This section of road is close to the core commercial area of Wangfujing and has great potential. Tota Architecture named this project Jubao Street. After the renovation is completed, it is expected to generate rental income of no less than RMB 1 billion per year.
The old site of the former Jiuyao Factory has been planned as the Huanglong Cave and Jiuyao Huagu project, which is expected to build four high-rise apartment buildings, namely Qinglong, Baihu, Zhuque and Xuanwu, and 28 villas around the central Huanglong position.
As the mainland's export housing policy may need to be adjusted, the project's sales plan for Hong Kong residents also needs to be adjusted accordingly. Currently, the project is on hold.
The first phase of Fang's Real Estate's International Trade Center project was completed in 1990, with the construction of an office building, a podium building, two apartments and a hotel building. The second phase is scheduled to start next year.
Chunshen Construction's Puxi Wulinyuan community project is located on Wuning Road, a prime location in Shanghai. It includes 68 six-story buildings and 3 22-story high-rise apartments. It is scheduled to be launched on the 20th day of the first lunar month next year.
Chunshen Construction and Fang's Real Estate also hold five prime plots of land in Lujiazui, Pudong, namely 002, 051, 103, 206 and 317. Among them, plot 002 is planned to be used as Yinke Building. As the second young lady is about to graduate and return to China, the building will be laid the foundation stone and started construction early next year.
Plot 051, the former Nanguang 010 old factory area, is planned to be built into Nanwang Jiuding high-end residential buildings. The implementation of this project will be delayed as much as possible, and the first phase is scheduled to be launched in 2005 or 2006.
"Yinke, the tiger, Hongdou wants to take the meaning of a tiger roaring in the jungle."
Yinke Building was the graduation gift that Nan Yi prepared for Fan Hongdou, so the naming right naturally went to Fan Hongdou. She was born in 1974, and her zodiac sign was Tiger, so the name Yinke Building did have a reason. However, although this girl looked quiet and gentle on the outside, she was quite aggressive inside.
"Creativity Real Estate Hong Kong has a total of 7 old buildings under renovation in Fort Street, Chun Yeung Street, Tanner Road, Po Loi Street, Wingate Road and Fat Kwong Street. It is expected that all of them will be completed before April next year. Conservatively estimated, after all are sold out, a profit of HK$1.05 billion can be made.
If the property market continues to rise at its current pace, profits could increase by around 500 million.
The Hung Hom residential complex, which is being developed in cooperation with Cheung Kong and the Hung Hom property development company of Hong Kong Land Development under Bolin Holdings, has already developed the third phase of the project, with less than one-sixth of the land area developed. According to Cheung Kong's plan, the fourth phase of the project will not be developed within five years.
The subsidiary, Aidi Real Estate, is responsible for holding land, and currently holds land including: 360,000 square feet of residential land in Tai Lam section of Castle Peak Road in Tuen Mun and near Aegean Bay, with a maximum buildable floor area of 1.3 million square feet. This land is located in the suburbs and is not expected to be developed within ten years.
The residential land at the intersection of Liuyi Street and Zhongye Road in Yuen Long covers an area of 12,600 square feet. The land is in an "A" shape and can only be used to build two high-rise residential buildings.
The factory building plots in Chai Wan, Shau Kei Wan, Kwun Tong and Wong Chuk Hang have a total area of 210,000 square feet, with a maximum buildable floor area of 942,000 square feet.
Fang's Properties, Kowloon Motor Bus, Hong Kong Electric Light and Hong Kong Gas hold 720,000 square feet of residential land, located in Ap Lei Chau, Tseung Kwan O, Lamma Island, Lantau Island and Yuen Long. The area that Nan can control is approximately 340,000 square feet. For specific details, please refer to pages 107 to 126.
The shadow company New Territories Real Estate Development currently owns a total of 20,726 Ding rights, which is close to the number of Henderson Land Development. I will have secret contact with Li Laosi again in the near future, and the two sides will finalize the New Territories development plan.
The shadow company Qu Zhongren Real Estate began to implement the "Start Over" plan in 1988. It took 15 months and cost HK$2 billion to acquire properties worth HK$19.6 billion at the time by means of mortgage payments. As of yesterday, the property's valuation had expanded by 4.87 times, exceeding the average increase in Hong Kong Island.
Since August last year, Quzhongren Real Estate has started to cash out properties with the worst appreciation potential. As of yesterday, it has cashed out properties worth HK$27.4 billion. The remaining properties will be divided into two parts. The best part worth about HK$18 billion will be retained, and the rest will be cashed out before July 1997.
Zhu Youren turned to look at Nan Yi and said, "Nan Sheng, the money that Nan Guo Bank advanced for the mortgage has been repaid, and there is still 24.1 billion Hong Kong dollars in Qu Zhongren's real estate account. What should we do with this money?"
Nan Yi pondered for a moment and said, "How much money does Qu Zhongren need to keep to maintain normal mortgage payments?"
"The current rent from the property is enough to cover the mortgage payment. I only need to keep 100 million or 200 million yuan in the account to deal with emergencies."
Nan Yi nodded and said, "Leave 500 million Hong Kong dollars in Qu Zhongren's account, and transfer 3.6 billion of the remaining 33.6 billion to Wei Guangzheng Real Estate's account to continue purchasing properties around the world; the remaining 20 billion will be given to Scarlett for investment, and the profits generated will be counted as Creativity Real Estate's."
When Nan Yi designed the mortgage plan, he had already thought about where to use the profits. At first, his idea was to use the money to acquire bankrupt state-owned enterprises. However, cannibalizing state-owned enterprises was a good opportunity for many people to make a fortune, and if he jumped out, he would be like a mantis trying to stop a chariot.
Later, his idea became more mature. He decided to take advantage of the time difference and not wait for profits before taking action. Therefore, the plan was named Start Over Again, and there was also a $5+50 investment plan. These were all extensions of the Start Over Again plan.
"Start Over Again", a song with a special mission in a special period, is also the origin of the name of the plan. It is to invest in state-owned enterprises that can be saved and eliminate as many layoff indicators as possible. Although many people have turned bad times into good times by starting over again, many have also fallen into the abyss. Right or wrong, he plans to do this.
Then, everyone discussed the assets that Creativity Real Estate needed to retain.
The result of the discussion was to retain the 7 buildings undergoing renovation, inject them into the Liuyi Street plot in Yuen Long, and leave HK$1 billion in cash in the account, of which HK$300 million would be used for the development of the Liuyi Street plot in Yuen Long, and the other HK$700 million would be used to acquire more land, with the project being carried out simultaneously in Hong Kong and the mainland.
In this way, Creativity Real Estate can easily assess the market value of more than 5 billion. According to the current stock market situation, it is not difficult to raise several billion funds with a little gimmick. Then, they can take the opportunity to stretch and suppress the market a few times, make some money from the secondary market, and wait until the economic crisis comes and the stock price falls sharply, and then privatize and delist. After two or three years, they can go public again depending on the situation.
By going through all this, one can not only pick up billions for free, but also use the money of shareholders to lay eggs and expand creativity in real estate investment.
After the conversation, Nan Yi carried Nan Ruoqi off the yacht.
As soon as they stepped onto the pier, the little girl babbled towards the sea. Nan Yi lowered his head to look into the sea and saw a large group of fish swimming in circles under the pier. He put the little girl down and put his arm around her waist, watching her little hands opening and closing as if she was trying to catch the fish in the water.
"Brother Xiong, I heard that you made a fortune in Thailand and have good connections, but don't forget your brothers." Just as Nan Yi was enjoying family time, a disturbing voice suddenly rang out.
Nan Yi couldn't help but frown and looked in the direction of the voice. He saw five short men wearing flowery shirts and big gold chains around their necks walking towards him. The five of them were talking as they walked. Their speech was rude and their voices were as loud as picking bubbles with fingers. As they walked, people around them looked at them sideways, but a few of them turned a blind eye and continued to shout loudly, as if they were afraid that others didn't know how awesome they were.
Among the five people, four of them surrounded a middle-aged man in the middle. He was dressed in fancy clothes and had a slicked-back hair like the God of Gamblers. It was shining in the sunlight. I don't know how much hair wax he had applied. He wore a pair of sunglasses with colorful lenses on his nose and a gold chain thicker than the average person's index finger around his neck, which covered the faintly visible tattoo on his chest. From a glimpse, I could guess that it was a dragon over the shoulder.
He had a thick cigar between his lips, which was pinched between the index and middle fingers of his left hand. The curl of green smoke revealed the light of the large emerald ring on his index finger. He was very happy to be complimented and was laughing loudly, with his yellow teeth exposed unscrupulously. The most conspicuous thing was the gold inlays next to his front teeth.
The four short mules on the side were extremely flattering, and they kept flattering Big Gold Teeth on his butt one after another.
"Did the short mule make a fortune in Thailand? Smuggling gold watches, or being an agent for the Double Lions Earth brand? Or maybe he was speculating in stocks in Thailand. It seems the society is also involved in financial securities."
Just as Nan Yi was thinking about it, the middle-aged man called Brother Xiong stopped his laughter and said in a loud voice: "Okay, okay, as long as I, the pervert Xiong, have something to eat, I will never forget my brothers. Today, I will let you open your eyes and take a look at my new yacht."
The purpose of coming to the yacht club pier is of course to go out to sea, but it is unexpected that this sex maniac can actually have a yacht here.
Deep Bay Yacht Club ranks second among the yacht clubs in Hong Kong. There is only one yacht club above it, Hong Kong Yacht Club. However, Hong Kong Yacht Club only wins because it was established early and is closely related to the British. When it comes to the luxury of yachts, Deep Bay Yacht Club is still better. All the yachts here are over 50 feet long. Even Nan Ruoyin's Hongdou didn't dare to dock here.
"Hey, Brother Xiong, we don't even know when you bought the yacht."
The four dwarf mules exclaimed in unison. One of them, a short yellow-haired turtle, probably called Gao Lao×, shouted in an extremely exaggerated voice, as if he was afraid that others couldn't hear him.
The people on the dock looked sideways again and subconsciously moved away from the source of the noise, as if avoiding the plague. After all, those who came here were either rich or noble, people of status and position, and who would be willing to associate with a dwarf mule?
