Chapter 472 The Beginning of Change

In 1967, it was not just a real estate crisis, the stock market was the same. Benefiting from the many British companies that went public in the 60s, Yang Wendong was now in a good position. As long as he prepared the funds, even if he could not acquire these companies due to the Hong Kong government and his own capital strength, he could at least buy some of them, so that he could be ready for the acquisition in the 70s.

However, it is not the best time yet, we just need to wait a little longer. There have been too many turbulences during this period, so it is better to keep a low profile.

October came quickly and the whole of Hong Kong was filled with chaos. The Changxing Group kept a completely low profile. Its mouthpieces such as TVB and Oriental Daily News rarely broadcast news about political issues. If there was hot news or something that had to be reported, they would just describe the event as it was.

Affected by this, the sales of Oriental Daily News and Hong Kong Chinese Daily News dropped slightly, while some tabloids achieved considerable sales thanks to various radical remarks; however, TVB was not affected. It is the only free TV station. Although its neighbor Rediffusion Television is also applying for a free wireless license, the process has not yet been completed.

Entertainment activities in Hong Kong are also continuing. The Miss Hong Kong election is even more lively than last year because many people have seen the benefits that the previous Miss Hong Kong has gained: a house, a car, a stable high-paying job, and opportunities to appear on TV and even in movies. She has even participated in several endorsement projects. It is rumored that she earns nearly 100,000 a year. This figure is very tempting in today's Hong Kong.

On October 10, the Miss Hong Kong 16 was also elected, along with the runner-up and third place winners. They will all become the rising stars of TVB and Changxing Film Company.

On October 10, Bai Yujie also gave birth to a son in Kanghua Hospital. Since then, Yang Wendong has a total of 22 children, 6 boys and 4 girls. The eldest son, Yang Zhiwen, is already 6 years old.

With enough descendants, the Yang family began to focus on education and began to train the next generation of heirs. Not to mention how capable they are, but it is enough for them to be able to protect Yang Wendong's future industry.

In December, a cold current from Siberia blew directly to Hong Kong, but it was not very cold. At most, you needed to wear a cotton jacket. Compared with the mainland, the temperature in Hong Kong in winter is much better. This is why many people from the mainland were willing to come to the Pearl River Delta to work rather than the Yangtze River Delta in the past.

It started to drizzle in Hong Kong. The drizzle was hazy. There were fewer pedestrians downstairs of the Changxing Building than there used to be.

"Knock, knock, knock~" There was a knock on the door, and Yang Wendong turned around and said, "Come in."

After a while, Zheng Zhijie and Wei Zetao came in. Yang Wendong pointed in the direction of the rest area and said, "Come, sit down."

"Thank you, Mr. Yang." Zheng and Wei said.

After the three of them sat down, the assistant quickly brought coffee. Yang Wendong said, "A few days ago, Governor Trench sent someone to give me some coffee from South America. It tastes pretty good. You can try it too."

Zheng Zhijie also took a sip and asked, "Mr. Yang, the Governor is looking for you, probably because of the Hung Hom Cross-Harbour Tunnel, right?"

"That's one reason. He also wants to decide on the Hung Hom Tunnel as soon as possible." Yang Wendong nodded and said, "But the current real estate market has fallen to a lower level than last year, and there is no sign of stopping. I will not decide at this time."

Since the middle of this year, Hong Kong's housing prices have been falling due to non-economic reasons. The growth that was hard-earned in the first half of the year has now fallen completely, and there is even a loss. Moreover, the decline caused by this factor cannot be analyzed using conventional logic.

The financial pressure on the Hong Kong government is naturally even greater. Last year, its fiscal revenue was negative. It finally increased a little in the first half of the year, but it collapsed again in the second half of the year. The competition in the second half of the year was even more intense. No one was willing to participate in the real estate auctions.

Under such circumstances, the Hong Kong government naturally hopes that Hong Kong society can restore some confidence. Therefore, it hopes that Yang Wendong can take over the Hung Hom Cross-Harbour Tunnel as soon as possible. In this way, the Hong Kong government itself can also get a sum of money, and after boosting confidence, it may be able to make some money from a wave of auctions.

"Everyone knows the Hong Kong government's plan, but we are not stupid." Zheng Zhijie added, "It's just that Governor Trench has approached us several times in the second half of the year. If we don't agree for such a long time, will the Hong Kong government withdraw the construction plan of this tunnel?"

"It is possible. If no one agrees for a long time, the Governor's Office may not bother to ask too many people for help, so as to avoid losing face." Yang Wendong also agreed and said, "It is indeed not easy to deal with this matter coldly. How about this, we go to the Governor's Office together next time. Even if it cannot be decided, we have to give them some hope."

Any government project has a time limit. It is impossible that no one will invest, so you have to keep asking for help everywhere. It will most likely be shelved for two years. In this way, if you want to take the initiative in the future, you have to speak up. Once you speak up first, today's initiative will turn into passivity.

"Okay." Zheng Zhijie said, "Mr. Yang, Changxing Plaza in Singapore has been completed and is scheduled to open on December 12. Do you want to go there?"

"Go." Yang Wendong agreed, "A square is not important, but I need to discuss the follow-up investment cooperation with Singapore. Given Hong Kong's current situation, we must also increase our industrial investment in Singapore as soon as possible."

Although he knew the future, industrial transfer was necessary. After 68, he planned to focus on developing the electronics industry in Hong Kong. Many companies producing simple plastic parts would also have to be gradually transferred, whether to Taiwan or Singapore, both places where Chinese people gather.

Moreover, investing heavily in Singapore can also put pressure on the Hong Kong government, which will make it more convenient for his future plans. Even if he falls out with British capital one day, as long as he has enough overseas bases, he will not be afraid of British capital using politics to manipulate him.

"Okay." Zheng Zhijie agreed.

Wei Zetao next to him said, "Mr. Yang, Changxing Industry has invested in the second phase of the factory in Singapore. The third phase is already under construction, and the fourth phase is also in the planning stage. These four phases together involve all industries of Changxing Industry, excluding sticky notes. The estimated annual output value will exceed HK$100 million, and will create 10,000 jobs in Singapore."

"Ten thousand people, that's equivalent to 0.5 percentage points of them?" Yang Wendong smiled and asked, "What about the site area and location of these factories?"

Wei Zetao said: "Mr. Yang, rest assured. The factories I chose are all large and very close to the center of Singapore. We need a lot of workers and it is impossible to be in a remote place. The area is also very large. I also specially built a lot of green space.

In addition, I asked the Singapore government for six plots of land with a total area of more than 6 square feet (60 square meters) to be used as warehouses to store our products or raw materials. However, due to warehouse reasons, we can only choose open space near the port and cannot be close to the town center. "

"It doesn't matter. It's impossible for every piece of land to be in the city center." Yang Wendong said without caring: "Today it is an open space next to the port. In ten years or so, it may be the new prime land."

Singapore's development speed is faster than Hong Kong, and its area is similar to that of Hong Kong. Today's wasteland will be worth a lot of money in a dozen years.

Although Jianzhong.com claimed in its previous life that housing prices in Singapore were not expensive, that was referring to big cities like Hong Kong, Tokyo, and Beijing, and it also only referred to housing for ordinary people; in fact, commercial, industrial, and large-scale luxury housing are also very expensive in Singapore.

Wei Zetao said with a smile: "Okay, I have also established joint ventures with many of our suppliers, asking them to invest in Singapore and move part of their production capacity there. In this way, we can also share part of the real estate revenue."

Although Changxing Group has a clear internal order that each company is not allowed to invest in real estate, it is necessary to hoard land by leveraging its own business, and the boss also supports it.

And at worst, in the future, your own factory and your supplier's factory will not need to pay rent, which will also be beneficial to your normal production.

"Okay, this way their factories can also benefit from it, which is not bad." Yang Wendong nodded and said.

Although a factory must pursue the entire industrial chain, it does not mean that it has to do everything by itself. It is enough to have many suppliers around it, and to control them by investing in them and being the largest customer. This is how Changxing Industry operates, indirectly obtaining huge profits from the entire industry.

The only one that is not under control is the Formosa Plastics Group. There is no other way because they have an official background and their founder is a powerful figure. In order to maximize profits, Yang Wendong can only adopt an investment model to make profits. However, there are no major conflicts at the moment. Just cooperate with peace of mind. If a plastic industry company emerges in Singapore, he can also participate.

Wei Zetao added: "Mr. Yang, there is one more thing. Our various facial tissues, tissues, and toilet papers are selling very well. Especially when shipped to Europe and the United States with our own ships, they are also very cheap and have a great market.
But this means that the production capacity of the factory in Taiwan is insufficient, and they are asking whether we should consider expanding the scale.”

"The paper production scale of the factory in Taiwan, I remember, is 30 tons, right?" Yang Wendong asked.

Wei Zetao replied: "Yes, according to the growth of overseas data and the demand of this market, I think it is not a problem to double the production capacity this time, that is, to add another 30-ton paper production line, or even higher."

"Okay, all the data you just mentioned will be collected and submitted to the review department of the headquarters. If there is no problem, I will sign it." Yang Wendong nodded and said.

The papermaking industry is also the second largest industry of Changxing Group after plastics. Thanks to its own post-it notes in the early days, its own paper mill has stable customers and a relatively high profit margin. Therefore, after it has achieved a certain scale, it has entered the toilet paper and office paper industry, which has a higher demand.

Also, because the time traveler Yang Wendong accidentally discovered that small-packaged facial tissues had not yet appeared, after he opened up this market, the number of orders skyrocketed, and the factory in Taiwan also expanded several times.

Wei Zetao said: "Mr. Yang, I have another idea, which is to expand the production capacity to Singapore. First, it is close to Malaysia, so it will be easier to obtain wood pulp;

The second reason is that Singapore was once part of the Commonwealth and is closer to Europe, which makes it easier for us to enter different markets. The transportation cost of toilet paper is also very high, and being able to move thousands of nautical miles closer can also increase our profit margins.”

"Okay." Yang Wendong nodded and asked, "But we have invested so much in Singapore. You two have to work together and ask Singapore to give us more local real estate projects or high-quality land."

I have provided tens of thousands of jobs to Singapore and stabilized the chaos in Singapore, so I should get more benefits in return.

In fact, I was able to acquire shares in a Singapore port company because of the employment I created in Singapore, otherwise no one would pay attention to me.

PS "Request monthly ticket"

(End of this chapter)

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