Chapter 182: Purchase of Central Property

Chapter 182: Purchase of Central Property

Chapter 182: Purchase of Central Property
Yang Wendong said with a smile: "It's not that I'm optimistic about this plastics company, but Wang Yongqing as a person. Look at his entrepreneurial experience, although it's a little longer than ours, it's also very exciting.

Such people are very capable and have achieved some success. If I have the opportunity to invest in them, I am willing to do so.”

Under normal circumstances, the only suitable investments are real estate finance, or future high-tech and Internet companies, etc. Traditional factories are not very popular with capital in the early stages.

After all, the probability of encountering giants like Huawei and BYD in the early stage is almost negligible. Even if you do encounter them, it will take at least 20 to 30 years to grow up. How can they compare with real estate finance or Internet companies?

Only talent is the most important.

Su Yiyi nodded and said, "Oh, just like in the early days, if someone could invest in you, then now it would definitely be a huge profit."

"Haha, yes, almost." Yang Wendong smiled and said, "But there is no chance. Even if I have to, I would rather give up the patent of sticky notes than sell the shares of the factory."

It’s not that he cannot accept investment, but it is definitely not cost-effective in the early stages, especially when he has a hit product or the right business direction in his mind. It would be stupid to sell shares in the early stages.

"Yeah." Su Yiyi also understood that Yang Wendong's strongest point was his ability to invent many practical small commodities.

Yang Wendong added, "Today's work is almost done. Let's go back to Hong Kong Island. We'll go shopping in Central at noon, and we'll have some work to do at Hong Kong China Building in the afternoon."

The important things for Changxing Industrial are, first, buying ships for the future export of suitcases, and second, ensuring the stability and low cost of the core supply of plastic particles by investing in Formosa Plastics, the largest group in Taiwan in the future.

The ship issue has been settled, and we are just waiting for a dozen crew members to follow the "Wilson" back to Hong Kong. Once it is confirmed that there are no problems, the balance can be paid. As for the investment in "Formosa Plastics", it still needs to be negotiated with Wang Yung-ching. The funds involved may be more than one million Hong Kong dollars, and it will not be settled in a short time.

"Okay." Su Yiyi nodded. The two of them now frequently travel between Hong Kong Island and Kowloon Peninsula.

At noon, the two arrived in Central.

Arriving at the door of a theater called Lan Ya Cinema, Su Yiyi asked, "Brother Dong, do you want to watch a movie?"

"I guess so." Yang Wendong looked at his watch and said, "Wait for Haoyu. I have an appointment with him. Let's find a place to sit. It's too hot."

"Well, OK." Su Yiyi nodded, and the two finally went to a nearby shop with air conditioning. This kind of shop is rare in Hong Kong.

After a while, Lin Haoyu came to the vicinity with a girl of similar age, and was then called in by Yang Wendong.

"Brother Dong, Yiyi." Lin Haoyu introduced with a smile: "This is Tingting, my girlfriend."

"Hello." Yang Wendong nodded politely, and Su Yiyi was very happy.

"Hello, Brother Dong, Sister Yiyi, my name is Zhou Wenting." Zhou Wenting said a little stiffly.

Lin Haoyu said to her, "Tingting, be more casual. My brother Dong is very easy to talk to. He doesn't have the arrogance of those big bosses at all. He is very good to his friends."

"Yeah." Zhou Wenting nodded.

Su Yiyi asked curiously: "How did you two know each other?"

Lin Haoyu explained, "We met through business. Changxing Pest Control Company has been doing rat and insect control for many properties in Hong Kong. Tingting's family runs a grain store, so that's how we met."

"Haha, what a fate. It seems that my pest control company has not been run in vain." Yang Wendong said with a smile.

When I first started my business, the first and most important transformation was from making mouse traps to starting to try the rodent extermination service industry. It was because I made my first pot of gold in this way that I was able to open a factory to produce sticky mouse boards.

As the factory grew in size, especially after the emergence of post-it notes, the former pest control company was no longer big in terms of making money. However, in order to take care of the people who followed him to start a business, Yang Wendong still let Lin Haoyu continue doing this.

Lin Haoyu said with a smile: "Brother Dong, you are joking. This pest control company also makes a lot of profit every year."

"Put it in your own company account." Yang Wendong didn't care. He also knew that the company would make a profit of 30,000 to 50,000 yuan a year.

Then he said, "Are you still doing what I asked you to do?"

"I'm working on it. I'm collecting all kinds of information." Lin Haoyu nodded and said.

Yang Wendong said: "Okay, let's eat first and talk later."

"Hmm." Everyone ordered food and had a simple lunch.

After lunch, the four of them bought four movie tickets and watched a short movie together.

Around two o'clock in the afternoon, Su Yiyi and Zhou Wenting, the two girls, had obviously become close friends, and went to a jewelry store next to the cinema to look at the goods.

Yang Wendong and Lin Haoyu sat down in a tea restaurant at the entrance of the cinema and ordered a cup of afternoon tea.

Lin Haoyu asked: "Brother Dong, do you want to buy this Lan Ya Cinema?"

"Yes." Yang Wendong nodded and said, "I have already assigned Zheng Zhijie the task of acquiring or building a cinema. In the past few months, he has bought seven plots of land in four towns in Kowloon to build cinemas.
But it’s not easy to get large tracts of land on Hong Kong Island, so the best way is to buy an existing cinema. After waiting for several months, I finally found one that was interested in selling.”

"I heard that this cinema has good business, and there is a lot of traffic nearby." Lin Haoyu nodded and said, "I have also cooperated with this cinema. After their business is over during the day, I always send people to clean up and kill rats at night."

"It's usually like this in cinemas. They're busy during the day." Yang Wendong smiled and said, "If the security was better, there would be people coming to watch movies in the middle of the night."

"Yes." Lin Haoyu nodded and asked, "Brother Dong, what is the price of this cinema? I'm curious."

Yang Wendong said: "It's not certain yet, but the price is at least over one million. It's not that the cinema is valuable, but the land. It's located in a prime location in Central and the area is not small." If the transaction really takes place, even if the transaction amount is kept confidential by Yang Wendong, it may not be the same for the other party. Besides, land prices are for reference only and generally won't be too different. Outsiders can guess it almost exactly, so there is no need to keep it absolutely confidential.

Lin Haoyu almost gasped and said, "It's too expensive. Even if I work really hard, I probably won't be able to afford it in my lifetime."

"You want to buy such a large property for work?" Yang Wendong said with a smile, "It's only possible if you do business. You should work hard in the pest control company first and collect various first-hand information on Hong Kong properties for me. Later, you can also go out and do some business on your own."

Yang Wendong didn't pay much attention to the pest extermination company before, but after the real estate company was established and Zheng Zhijie learned about all other businesses within the company, he specifically asked the pest extermination company to help him collect information.

After Yang Wendong knew the reason, he agreed. He also realized that his pest control company's business itself was not a big deal, but because it had cooperative relationships with many properties, it could obtain a lot of the latest information.

You know, in an era without the Internet, even veterans in the real estate industry would find it difficult to know too much information about a property, especially since many properties are still changing at any time. However, Changxing Pest Control Company can almost easily collect this information.

"Okay." Lin Haoyu nodded, and then said: "By the way, there is one more small matter. We have received some tasks to eliminate rats from ships, and I plan to expand in this direction.

Hong Kong's properties are fixed, but ships are not, and this market is also very large."

"Ships? That's fine too. You guys can handle it yourself!" Yang Wendong didn't care.

For him, this business is not about making money. As long as it can create some jobs, that's enough.

……

At around 3: in the afternoon, Yang Wendong took Su Yiyi back to Hong Kong China Building.

The top floor is the current office location of Changxing Real Estate.

From here, you can also see a lot of scenery in Hong Kong, but it is a bit far from Victoria Harbour.

Zheng Zhijie had known that the boss was coming and had made preparations. When Yang Wendong arrived, he came to report: "Mr. Yang, the offer for the Blu-ray Cinema has come out. Wheelock is asking for HK$175 million."

"175? This is equivalent to the land price for the seven cinemas we built in Kowloon?" Yang Wendong said.

"Yes." Zheng Zhijie continued, "But it's a good location in Central, covering more than 8500 square feet. It's hard to find such land in that location."

"Yeah." Yang Wendong also knew the importance of the location, and then asked, "Why is Wheelock suddenly willing to sell this location?"

Of the four major trading companies in Hong Kong in the 80s and 50s, only three remain today. Except for Hutchison Whampoa, the other three have become top giants in Hong Kong.

Many of these large foreign companies have been active in Hong Kong since the 19th century and occupied a large number of the best prime locations in the early days. For example, Central is basically controlled by a few major British companies. Even in the 21st century, they still occupy a large proportion of properties.

Zheng Zhijie replied: "It is said that they want to raise funds to buy a new ship."

"Oh, that makes sense." Yang Wendong nodded: "Then let's continue to talk about it. If the price is reasonable, then it's fine."

Although many British companies of this era were doing well in Hong Kong, they were not optimistic about the future, so many of them ran away after making money.

This is one of the reasons why there are many British-owned shipping companies. In addition to Hong Kong itself being a trade transit point, another reason is that ships are not fixed assets, but float on the sea.

Wheelock is the largest consortium with this investment concept.

66 years later, Wheelock and a bunch of British capital will sell off real estate on a large scale, and then Chinese capital will buy the land at a low price. This is also the main reason for the rise of Chinese capital in the 70s.

"Okay, Mr. Yang." Zheng Zhijie agreed, and then said: "Mr. Yang, in addition to this cinema land, I have also acquired a lot of old buildings around our Hong Kong China Building.

There is already enough space to demolish and build another one, do we need to build it now?"

"Where is the location?" Yang Wendong asked back.

Zheng Zhijie took out a map from his hand, pointed it to the boss and said, "Here, about 300 meters away from us."

"Well, OK, let's build it!" After Yang Wendong finished speaking, he looked at the map again and asked, "Do you think we can buy all of this area?"

"This is difficult." Zheng Zhijie also knew what his boss meant and said, "The biggest trouble in acquiring old buildings is the owners behind them. When they know that a big company must acquire their properties, they will raise the price without limit.

So generally speaking, real estate companies are happy to buy vacant land.”

Yang Wendong asked again: "I remember that if the demolition quantity reaches 90%, then the last 10% also needs to be sold at the final price, right?"

"Yes, it is possible. The law has this provision." Zheng Zhijie explained: "But even 90% is still difficult. Even if we acquired it to build an office building, it took almost half a year for such a small area.

For ordinary residential real estate, if you want to reach 90% normally, you probably have to be ruthless and do whatever it takes.”

"Forget it then." Yang Wendong continued, "Build the new building first, and show me the specific information before construction."

Land prices are on the rise now, so there are opportunities to acquire properties, but it is certainly not easy to acquire all the properties within a range.

It is better to just acquire properties that are helpful to his other businesses. As for the rest, he can buy as much as he wants when he has money after 66 years.

PS: Please give me a monthly ticket
(End of this chapter)