Chapter 149: Meeting the Beauty Again and the Real Estate Plan
Chapter 149: Meeting the Beauty Again and the Real Estate Plan
Another week passed, and with the combined factors of collateral and Yang Wendong being an old customer, Liao Chong Hing Bank successfully granted the loan.
Yang Wendong invested a total of HK$15 and acquired a 1.2-square-foot plot of land on the edge of Central, near Admiralty. As for the buildings on it, he didn't care.
Afterwards, Yang Wendong brought several people headed by Qin Zhiye here. They will all be senior executives of the Hong Kong Chinese Daily in the future.
After walking around inside and outside, Yang Wendong asked, "What do you think of this place?"
One person said: "The area is very large. If we were given the entire area, it would probably be much larger than the headquarters of Ta Kung Pao."
"The area is large enough, but the house is a bit too old." Yang Wendong smiled and said, "What do you think?"
Others also said: "It's actually okay to be old, many newspapers in Hong Kong are similar."
"Yes." Yang Wendong asked again: "When will the German equipment arrive?"
"It will be around mid-October. This kind of equipment needs to be customized, so it will be a little late." Qin Zhiye said, "But we can also make various preparations in the early stage, including applying for newspaper numbers, connecting with many newsstand channels in Hong Kong, and building the entire employee organizational structure.
These things will take some time, but the equipment is definitely available in time.”
Yang Wendong nodded and said, "Then this house, it's okay to stay here later, right?"
"What does Mr. Yang mean?" Qin Zhiye was also a smart man and quickly understood what his boss meant: "Do you want to demolish and rebuild?"
Yang Wendong said: "Yes, this house is too old. Even if you move in, you will probably have to rebuild it or move to another place in a few years. It's better to take advantage of the time now to get it done all at once.
Otherwise, when the scale is large and the business is running well, it will be too troublesome to move suddenly. "
Although the profits of Hong Kong China Daily will be far less than those of Changxing Industrial in the future, the significance is not measured by money.
A lot of things will happen in Hong Kong society in the next few decades, and having a newspaper with considerable sales will be of great help to him.
In fact, newspapers are just the beginning of the media industry. You have to know that Hong Kong's media industry is still in a semi-barbaric era.
Apart from newspapers, there are only two radio stations and a cable TV station. There will be many other opportunities in the future.
It just so happened that housing prices were cheap now, and I had bought a large piece of land, so it was natural for me to make the future headquarters of the media industry look better, at least to ensure that it would be sufficient for use in the next few years.
"That's good." Qin Zhiye was naturally tempted, and so were the others. Who wouldn't want to work in a new office building? The environment was good, the mood was good, and the work efficiency was high.
Yang Wendong said, "Okay, Lao Qin, I'll leave this matter to you. Contact a few construction companies and ask them to provide the best utilization plan. We will negotiate then."
"Okay." Qin Zhiye nodded, then asked, "But before the house is built, although our newspaper is in the preparation period, we still need a place to work. What if there is no place?"
Yang Wendong thought for a moment and said, "Let's go to Tsim Sha Tsui for now. I'll find a place for you there. The environment is a bit worse, but it's only for a short period of time. All employees will be given an additional subsidy to go to the harbor. How about that?"
"Okay, as long as there's a place." Qin Zhiye smiled and said, "It'll only take a few months, once the new house is built."
"Well, let's do this for now. There's no need to look around here. Let's go to Tsim Sha Tsui and find a temporary place." Yang Wendong paused and said, "We need to make contact here as well."
"Okay." Qin Zhiye agreed.
Afterwards, Qin Zhiye and others said goodbye and left. They needed to do their own things and finish their work as soon as possible so that they could open the newspaper earlier and show their value as a group of people.
Yang Wendong went to stroll around a building in Central, while the two bodyguards stayed far away. Although Hong Kong is chaotic, the buildings in Central are all backed by British giants, so no one should dare to cause trouble here.
The buildings of this era are different from the Wanda buildings in the previous life. There are small shops all around the interior. Even if there are high-end cosmetics, the stores are not very big and are very messy. Clothing stores, cosmetics stores and even pet stores are opened together. The shopping mall itself seems to have no planning at all.
Unconsciously, Yang Wendong walked to the door of a small commodity store. He was just passing by, but when he looked inside inadvertently, he saw a familiar figure.
"Bai Yujie or Bai Yushan?" Yang Wendong looked at the young college student in a white skirt picking out cosmetics inside, a little uncertain.
Afterwards, he looked for Zhuzi and observed for a while, and finally confirmed that it should be the weaker sister, so he walked up and said with a smile: "Bai Yushan?"
"Huh?" Bai Yushan looked up when she heard her name. When she saw Yang Wendong, she said in surprise, "Mr. Yang, why are you here?"
Yang Wendong said with a smile: "Walking around here, what are you buying?"
Bai Yushan said, "I just came here to take a look around. It's too hot outside, so I came here to buy some small things. By the way, is this a product of your company? I looked for several stores before I found one that has it."
She took out a hanging sticky hook from a shelf.
Yang Wendong saw it and nodded, "Yes, it's Deli's."
Bai Yushan said with a smile: "Mr. Yang's ability to invent is really amazing. This little thing looks simple, but after it appeared, we realized that it is so useful."
Yang Wendong smiled and said, "I rely on this ability to make a living. If I don't take this path, it's not easy to do ordinary business in a place like Hong Kong."
"Indeed, most people who want to expand their business take ten years to do so. Yang Sheng's speed is unprecedented and will never be surpassed." Bai Yushan nodded, and then said, "This sticky hook is not easy to buy recently. It seems that it is because the supply cannot meet the demand?"
Yang Wendong said: "When the adhesive hooks first came out, we sold them in Hong Kong. They were easy to buy at that time. Now we mainly supply them to Japan and some Southeast Asian regions, and our production capacity is a bit insufficient."
Although we have already made preparations to increase production capacity through outsourcing, it will still take some time.
The characteristics of the sticky hook itself make it more attractive in places with better economic conditions, especially in Japan, where it sells very well;
As a result, although the product is not out of stock in Hong Kong, it is definitely not as good as before when it was only supplied individually.
"So that's how it is. Congratulations on Yang's birth." Bai Yushan lifted her hair and said with a smile.
Yang Wendong added: "If you need it, I'll have someone send some to you next time."
"Okay." Bai Yushan smiled and said, "Actually, I don't need them. A few are enough for me. It's just that my dad's company is engaged in decoration, and the workers often need to change their work places, and some things need to be hung up at any time.
In the past, we had to drill holes in the wall, which was inconvenient, but now with the adhesive hooks, it is much easier.”
"No wonder you haven't bought it in such a long time." Yang Wendong finally understood and said, "Then I'll prepare 200? Is that enough?"
"That's enough." Bai Yushan said with a smile, "But I still have to pay." Yang Wendong shrugged and said, "I didn't say it was free, did I?"
We are all rich people, so it doesn't really matter whether it is free or not. It doesn't matter if the price is ten times more expensive. But it can be free when it should be, such as treating people to meals or entertainment. As for other things, it would be too deliberate to make them free.
"Haha, that's right." Bai Yushan said with a smile.
Yang Wendong looked at his watch and said, "It's noon now. Has Miss Bai eaten?"
"No." Bai Yushan said with a smile: "How about I treat you to a meal? I know there is a restaurant in this building that serves delicious Cantonese food."
Yang Wendong nodded and asked, "Cantonese food is fine, but why are you treating me?"
Bai Yushan said with a smile: "Just consider it as a celebration of finding a job."
"You found a job? Where?" Yang Wendong asked curiously, "Does that mean you are not going to study abroad?"
Bai Yushan nodded and said, "Yes, after comprehensive consideration, I think studying abroad will require at least three more years, which is meaningless, and I don't like being surrounded by foreigners.
So I went to HSBC for an interview last month, and will start work officially the day after tomorrow, Monday, but it’s still an internship.”
"Congratulations on joining HSBC." Yang Wendong said with a smile.
At this time, HSBC was not considered the top financial group in Hong Kong. Jardine Matheson was still able to suppress HSBC, but the two were also of the same level.
However, in the banking sector, it is definitely still number one.
Of course, HSBC has not yet formed an overwhelming advantage over Standard Chartered.
Bai Yushan said with a smile: "If Mr. Yang wants to work in finance, you can come to me. With your current fame, HSBC will definitely be willing to cooperate with you."
"Finance? Futures?" Yang Wendong asked back.
Bai Yushan said: "Futures, foreign exchange, or the simplest way is to buy stocks. Or some companies will raise funds through the stock market, and Mr. Yang can also participate."
"Oh, are there any large companies participating in financing recently?" The two chatted as they walked, and Yang Wendong also became a little interested in finance.
A few months ago, his main focus was on the factory, but now it is basically the same. Although the production capacity is not enough at present, the entire enterprise can already self-circulate.
Hong Kong's economy is currently taking off, and he also wants to know more about the outside world.
Bai Yushan thought for a moment and said, "There are quite a few large-scale financings recently, such as Bank of East Asia, Huangpu Group, Yongan Bank, Mingde Bank, and Licheng Bank.
There were some others, but I can’t remember them now, but there were quite a lot.”
"There are quite a lot of banks?" Yang Wendong calculated and found that about 50 to 60 percent of them were banks.
Bai Yushan nodded and said, "Yes, banks in Hong Kong are very short of funds recently, mainly because land prices have started to rise, and many real estate companies are borrowing a lot of money.
Many depositors also withdraw cash to buy houses, which causes many small banks to be short of money, so they raise funds through the stock market.
"There don't seem to be many real estate companies listed on the stock market right now?" Yang Wendong asked again, "Why don't real estate companies go public?"
He didn't pay much attention to real estate companies, because the large-scale ones are still British-owned. There are also many such companies among Chinese-owned, but they have not yet become a big deal.
Bai Yushan shook her head and said, "I haven't researched this. It seems that it's not that the exchange is unwilling to introduce real estate companies, but that many real estate companies are unwilling to go public, especially Chinese real estate companies."
"That's normal. If it were me, I wouldn't go public either." Yang Wendong said with a smile.
The two also came to the dining place and chatted while looking at the menu.
Bai Yushan thought for a moment and said, "Yes, Chinese people don't seem to like things like going public. My dad is the same. He is very tight-lipped about his shares and would rather have a smaller scale than form a joint venture with others."
Yang Wendong said with a smile: "It is still right to do things in a joint venture. If you don't want to split up your own company's capital, you can join forces with others to invest in a project.
This way, we can not only guarantee our own equity, but also make the most of other people’s funds to develop the project.”
"Mr. Yang knows a lot about real estate development, right?" Bai Yushan asked curiously, "Do you also want to enter the real estate industry?"
"Not for now." Yang Wendong smiled and said, "But I might invest in some properties, hold them for a long time, and then use them myself or rent them out."
Bai Yushan asked again: "For the time being? Does that mean you will also do real estate business in the future?"
"It should." Yang Wendong nodded. Although Hong Kong is not big, its real estate business has created several future Asian wealth giants.
As a time traveler who is familiar with the history of real estate cycles, he can completely treat the Hong Kong real estate market as an ATM, and even the stock market is possible.
As for the industrial sector, he will naturally not give up. But if he only looks at the profits, unless he becomes the world's top level in a certain field, it will be impossible to compete with the Hong Kong real estate market.
Bai Yushan said with a smile: "My family runs a decoration company. If you work in real estate in the future, you must take care of me."
"Of course there's no problem as long as the price is low." Yang Wendong said with a smile.
"That's for sure. There is absolutely no problem with our price and quality." Bai Yushan said.
Yang Wendong asked again: "Why doesn't your family do real estate?"
"Maybe my dad is more conservative. If you do decoration, you won't lose money unless the real estate company goes bankrupt." Bai Yushan explained: "But if the real estate market falls, the bank's loans will easily crush the company.
There were many such incidents in Hong Kong in the past few years.”
"That's right." Yang Wendong smiled. Real estate has high profits, but also high risks. When leveraging bank funds, once the land price plummets, it will be all over.
In the past, several major real estate tycoons in Hong Kong were the products of the survivor effect. During the decades of their rise, countless companies went bankrupt because they chose the wrong time.
(End of this chapter)