Chapter 471 Production Capacity Diversification

In the blink of an eye, a week has passed.

During this period, many media have been focusing on the disaster relief issues of the June 12 flood. The Hong Kong government has also been facing tremendous pressure and has to invest money in it. Fortunately, the real estate market has recovered in the past six months, making the Hong Kong government's finances slightly better.

Thanks to the huge investment of Changxing Group in this matter, the sales of Oriental Daily also soared. The highest daily sales exceeded 5 on one day, and then stabilized at just over 4. It has become the best-selling newspaper in Hong Kong.
However, the second and third places are also very close to this result, which is almost the limit of Hong Kong's population of 350 million. Only when the population increases and the economy becomes stronger in the future, the daily sales figures will increase further.

TVB is the same. With large-scale coverage, Changxing Charity Foundation has become the most dazzling company in Hong Kong. The large number of appearances has even made Lin Haoyu a popular figure. At the same time, many people have gone to the Changxing Charity Foundation's website to donate.
"Yang Wendong donated 200 million Hong Kong dollars. He was really generous. He bought so many supplies. It is estimated that he helped tens of thousands of people and saved at least dozens of lives."

In a food stall, many people were discussing while eating hotpot.

"Yes, 50 people died on the day of the flood, but the Hong Kong government certainly did not report the full number or they did not know some of the numbers. If the rescue was not effective at this time, it is estimated that many people would die, especially some elderly people, children or the injured."

"So I said that Mr. Yang is the Bodhisattva of the South China Sea. I heard that if anyone dies or is seriously injured in the flood, their family members will be able to get a long-term and stable job in Changxing Group?"

"So good? Working at Changxing Group isn't easy, right?"

"It probably depends on their ability. Most likely they are ordinary workers, cleaners, security guards, etc."

"It would be nice if I could be a security guard."

"That's for special groups of people. Forget it. It's very difficult to get into Changxing Group now."

"Yes, but this ham sausage is really delicious. I didn't expect it to taste even better in hot pot. And this instant noodles, cooked in hot pot, is also delicious."

"Then if we buy more instant noodles and sausages in the future, it can also be considered as indirect charity?"

"Sure. I heard TVB is going to hold a concert and all the tickets will be donated. How about we go and see it?"

"Okay, there are many songs from TVB, I still like them very much."

In Prince's Building in Central, Bao Yugang looked at the newspaper in his hand and said, "Along, go to the Changxing Charity Foundation and tell them that I, Bao Yugang, donated HK$1 million."

As he spoke, he wrote a few zeros on a check.
After Aaron took the check, he said, "Okay, but you won't give it to Yang Wendong in person?"

"No need. Just give the money. Why should I show up?" Bao Yugang shook his head and said, "It's better for everyone to keep a low profile during this period. If not for the fact that many people died in the flood and many were left homeless, and the Hong Kong government's ineffective rescue efforts, Yang Wendong would definitely not be so high-profile."

"Okay." Aaron nodded. In recent times, not only the Chinese capital in Hong Kong, but also the British capital and even the Hong Kong government have kept a low profile.

6 month 23 day.

Yang Wendong looked at the account book and said in surprise: "Bao Yugang, Guo Linshuang, and Zheng Yutong have also donated money. It seems that they are also thoughtful."

"It is also because of you, Brother Dong, that we have provided such an opportunity. Otherwise, even if they wanted to provide financial assistance to the victims, they would not have the channels. Although the Hong Kong government has done something, it is difficult to do it well." Lin Haoyu said with a smile.

Yang Wendong shook his head: "This kind of thing has not been done well. Even if we can't do it perfectly, we can only do as much as we can."

Natural disasters occur simultaneously over a large area, and it is difficult for anyone to rescue everyone immediately. In the past, in mainland China, the military could provide disaster relief much faster, but in many overseas countries, the military has no obligation to provide disaster relief.

Lin Haoyu said: "We will save as many as we can. Brother Dong, you have done your best."

"Well, now that the water has receded, the basic food and drink have been provided to the victims. The rest is up to them to take care of themselves." Yang Wendong added, "Your next task is to see if there are any extremely poor families affected by the disaster, and then provide them with appropriate assistance."

Lin Haoyu asked: "What is the standard?"

Yang Wendong said: "Let's use the standard of not being able to survive as the standard, and then give priority to helping children, the elderly, the disabled and the like, or you can cooperate with Watsons, Changxing Industrial, and Carrefour to provide some simple jobs."

"Okay." Lin Haoyu nodded and said, "By the way, Brother Dong, I talked to an official from the Hong Kong government yesterday, and he said that the Hong Kong government is ready to invest in flood prevention."

"Flood prevention? It should have been done long ago." Yang Wendong said with a smile: "The Hong Kong government is like this. They only know how to invest after learning a lesson. It was the same with the drought before. They refused to bring water from the mainland. As a result, the money lost could build several large reservoirs in Hong Kong."

In fact, Hong Kong does not lack rain. For example, if the rain this time had been stored in 1963, there would have been no drought.
If the Hong Kong government had invested a little every year to build reservoirs a long time ago, after many years, even if there was a drought, it would not be so serious. Finally, in an emergency, they had to start the project of bringing Dongjiang water into Hong Kong, and then all the fresh water of British Hong Kong was controlled by the mainland. This is a situation that British Hong Kong has always been avoiding, but he brought it about.

Lin Haoyu said: "It's good to start now. I hope there won't be such disasters in the future." "I hope so." Yang Wendong nodded.
The Hong Kong government is actually quite good in some aspects. At least it corrects its mistakes and has done some practical things over the years. At least Hong Kong society is getting better and better, but it is just not as good as in the past.

However, a bigger real estate crisis is coming soon, and I guess I won’t be able to do anything by then.
On June 6, the impact of the flood gradually subsided, and Hong Kong media began to shift their reporting content. After all, the popularity of any event is limited.

The losses of Changxing Group in the flood have been gradually counted and it has begun to recover gradually. This impact is not significant, but it also illustrates the importance of diversifying production bases.

On this day, Yang Wendong summoned Wei Zetao, Zheng Zhijie and Fang Xianming to his office to taste Maxim's pastries and some imported fruits and discuss some matters.

"Old Wei, the factory in Singapore has been in operation for three months and there are no problems at the moment, so we will continue to increase investment and build a factory there." Yang Wendong said, "We also need to consider things like floods, which may occur near the factories in Hong Kong or Taiwan, or other disasters.

In short, we have to ensure that even if there is a problem in one place, production can be maintained normally, otherwise once the market is lost, it may be gone.”

In fact, if Singapore had not been founded in mid-1965 and Taiwan had not been under a policy of strict restriction on foreign investment in recent years, it would have built factories overseas long ago. In the next few years, Hong Kong's production capacity would inevitably be affected, so we must now be prepared for the transfer of production capacity.

"Okay." Wei Zetao agreed and said, "The Singapore government also welcomes our investment."

"That's the best." Yang Wendong nodded. "But Old Zheng also needs to cooperate with Changxing Industry. Our investment is a pollution-free factory that can create a large number of jobs. We can't let Singapore get it for free. You should take the opportunity to get more high-quality land and build office buildings."

Zheng Zhijie agreed and said, "No problem, but is it just an ordinary office building?"

"Yes, ordinary ones will do. Our purpose now is the same as when we bought land in Hong Kong in 59." Yang Wendong said, "For land obtained from the government, the houses don't need to be too high. Just having a building is enough. Funds are limited at present, so we don't need to invest too much in building tall buildings. The Four Seasons Hotel and Changxing Plaza are special projects. The rest can be kept ordinary."

Anywhere, when the land price is not valuable, the funds should be used to buy land and then build ordinary houses. This is because the land purchased from the government must be developed, otherwise it is more cost-effective to leave it vacant.

When the land price increases several times in the future, we can mortgage it to build a reception building, and then collect rent to repay the debt, forming a perfect cycle.
"I understand." Zheng Zhijie nodded and said, "In addition to using Changxing Industrial to obtain land from the government, I can also directly acquire existing properties in Singapore. After the acquisition, these properties do not need to be moved and can be operated according to the original model."

"Okay." Yang Wendong agreed, "The land prices in Hong Kong are starting to fall again. I am not optimistic about it. I will not consider investing in Hong Kong this year. I will gradually invest the funds in Singapore and try to use loans as much as possible.

If it’s still not enough, I will transfer funds from Changxing Industry and Changxing Shipping.”

Over the years, Changxing Industrial has made very high profits. Although a lot of it has been transferred by Yang Wendong to develop other industries, several other industries have gradually been able to operate on their own in the past two years. Therefore, both the group and several larger subsidiaries have a lot of cash in their hands.

Although Hong Kong also needs to buy at the bottom in 67, it is not necessary to do nothing now. The real estate in Singapore is also appreciating, especially when a large amount of funds flow out of Hong Kong. Singapore is the place that receives the most. In this way, the appreciation of one's own investment will inevitably be faster and of higher quality. It can also be used as collateral, and then invested in Hong Kong in turn.
Zheng Zhijie smiled and said, "That would be the best."

Changxing Real Estate achieved very little last year because it did not make large-scale investments in Hong Kong. If it could expand in Singapore this year, that would be great. All the larger companies in Hong Kong are also thinking about going overseas.

Yang Wendong asked again: "How is the negotiation with the Hong Kong government on the undersea tunnel project going?"

Cheng Chi-kit said: "It has been decided to build a tunnel from Hung Hom to the port, but there is still controversy over the land at the entrance of the tunnel. I want one million square feet on each side, but the Hong Kong government disagrees and thinks it is too much, so they are only willing to give 80 square feet."

"200 and 80? The difference is indeed quite big." Yang Wendong smiled and said, "Then wait a minute, let's put this issue aside for now, and discuss the technical issues and future charging operations first;

If the real estate market crashes again, the Hong Kong government will give in."

In 1967, the British Hong Kong government was planning to flee, until the mainland made its final statement and things returned to normal.

During this period of time, he has a lot of room for maneuver, not just the undersea tunnel, there are many other opportunities as well, and he can't wait.

At this time, Fang Xianming said: "Mr. Yang, the share price of Kinmen Group has also started to fall recently. Do we need to acquire it now?"

"Not yet." Yang Wendong shook his head: "Let's wait a little longer, but we can contact their shareholders appropriately, but don't reveal our identity. Just tell them that we are interested in acquiring their shares, but your offer should be lower, preferably without a premium.

Just let them know that there is a consortium out there that is interested in buying shares of the Golden Gate Group."

Fang Xianming said worriedly, "Mr. Yang, if we keep in touch like this, the board of directors of the Kinmen Group might find out."

"It doesn't matter if they know. We didn't do anything." Yang Wendong said nonchalantly.

If that time really comes, I guess the British directors will be the ones who run away the fastest.

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

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