A century-old wealthy family that rose from Shanghai
Chapter 542 An Interesting Company
Chen Wenjie led a group to the MTR Corporation to discuss the sale of the land above Central Station with MTR Corporation Chairman Tang Xin and others.
"Chairman Tang, this is the pre-sale price plan for Central Station. You can take a look!"
Tang Xin picked up the plan and immediately smiled. According to the 'tiered sales' plan, the total sales amount of the development rights above the Central Station (37 stories high) could reach HK$6.8 million, setting a new record for the highest property price in Hong Kong.
"The price is a bit higher than we expected. Is CK Asset Holdings confident that it can sell out completely?"
Upon hearing this, Chen Wenjie seized the opportunity to say, "Although we initially promised to sell the entire building to the public in tiers, our Cheung Kong Group considered that selling it to the public in tiers would inevitably lead to poor management and inconvenience for the entire building. Fortunately, a company is willing to buy the entire building at this price!"
Tang Xin said happily, "Great, if that's the case, then we can save some advertising costs."
The land cost for this building was HK$2.4 million, and the construction cost plus taxes was HK$2.8 million, bringing the total cost to HK$5.2 million.
In other words, the building's net profit was HK$1.6 million, with the MTR Corporation receiving HK$8000 million. However, Cheung Kong Holdings, having advanced some funds to the MTR Corporation, only earned approximately HK$5000-6000 million after deducting interest.
Later, senior executives of the subway company curiously inquired about the buyer.
Chen Wenjie said, "The Yangtze River Industrial Group is short of a headquarters building and plans to buy it!"
Everyone was shocked. It turned out to be the Yangtze River Industrial Group, which made sense in no time.
If you were to ask which companies in Hong Kong are the most profitable, everyone would know the answer, even if Cheung Kong Industries and Universal Group were not listed.
Tang Xin said, "As long as it's at market price, it doesn't matter who buys it, and buying the whole building is even more convenient!"
This can be considered a statement!
After all, the two parties signed the agreement in early April last year, during which Cheung Kong Holdings provided hundreds of millions of dollars in funding to the MTR Corporation. Now, only a year later, the first building has already generated a net profit of 80 million dollars. Why wouldn't they be happy to do this?
"it is good"
In the chairman's office of CK Asset Holdings, Chan Man-kit and Chan Man-kai stood together, while their father, Chan Kwong-leung, sat together.
Chen Wenjie proactively stated, "Dad, the development rights for the Central Station development have been finalized, sold to Cheung Kong Holdings for HK$6.8 million. Furthermore, the development rights for the Admiralty Station development will also go to Cheung Kong Holdings, with Cheung Kong Holdings not holding a stake. The main consideration is that Cheung Kong Holdings has just acquired Hutchison Whampoa and is currently acquiring companies like Ching Chau Ying Ni and Hong Kong Electric, and may even participate in the bidding for the 'bus terminus' site next to the Shangri-La Hotel. Therefore, they don't want to spend funds on the Admiralty Station development. Fortunately, Cheung Kong Industrial Group has sufficient cash flow to purchase both buildings."
Deep down, he was also worried that Cheung Kong Industrial Group did not have enough commercial real estate to alleviate the pressure.
Of course, Chen Wenjie's concerns stemmed from his position as the eldest brother. In reality, the Yangtze River Industrial Group owned a lot of factory land and had plenty of property.
Chen Guangliang nodded and said, "What you said makes a lot of sense! Although Cheung Kong Holdings has a good cash flow and profit, the things it does are very capital-intensive. Wenkai, you can arrange to buy the two buildings and set up a real estate department. You can also have your older brother arrange for the management team to come over."
Chen Wenkai quickly said, "Thank you, Dad, thank you, Big Brother!"
Although he was confident that he could develop sustainably without relying on property management, since they were developing technology and intellectual property, he naturally wanted to express his gratitude for his elder brother's kind gesture.
"Um"
Then, Chen Wenjie didn't hide anything from his younger brother and said directly, "Father, Mr. Merris, the president of Hawthorn & Parcel Corporation in Singapore, rejected my invitation. However, I don't intend to give up. After all, the future of Hawthorn & Parcel Corporation in Singapore is obvious. Mr. Merris probably hasn't felt my sincerity yet. I will continue to be friends with him and wait for an opportunity to invite him to join Cheung Kong."
"Hmm, we'll see how this goes!"
Following its acquisition of Hutchison Whampoa, CK Asset Holdings Limited is embarking on a global expansion, thus naturally requiring foreign management talent. McLeish, a British national from Hawthorn Parcel Company in Singapore, is a suitable candidate for managing the internal affairs of a shopping mall company.
The future of CK Asset Holdings is to sell its Lane Crawford Group to Hutchison Whampoa and merge it with Watsons, thus consolidating resources.
Thus, CK Asset Holdings' future businesses will mainly consist of four major sectors: real estate development (residential sales), commercial real estate (shopping malls, commercial complexes, etc.), hotel group management, and food and beverage.
Hutchison Whampoa, a subsidiary of Hutchison Whampoa, will primarily engage in retail, telecommunications, energy (HK Electric and oil companies), and financial investment in the future.
It may seem similar to the previous 'Cheung Kong Group', even lacking the container terminal business (While the Global Group is developing it), but in reality, the Cheung Kong Group in this life is much more powerful.
Firstly, in terms of commercial real estate alone, CK Asset Holdings has a much larger asset value in Singapore, Japan, and Hong Kong; secondly, Shangri-La Hotels and Resorts also has substantial assets.
These two assets are already quite substantial.
Secondly, there are food and beverage companies such as Red Bull, Master Kong, Nissin, Vitasoy, and White Rabbit candy. Vitasoy Group has developed into a multinational food group; including Red Bull in Europe, which not only holds shares but also supplies raw materials.
Finally, there are the hotels. CK Asset Holdings' hotel assets are all 'heavy assets,' with each hotel currently valued at over a billion dollars, which is the most terrifying aspect.
In May, CK Asset Holdings Limited announced that the development rights above the Central MTR station were sold to a consortium for HK$680 million, setting a new record for the highest property price in Hong Kong, which is HK$2000 per square foot (total floor area of more than 330,000 square feet).
The news fueled further speculation in Hong Kong's property market, driving prices even higher.
At that time, the average price of residential properties in Hong Kong was generally around HK$400 per square foot (HK$450 per square foot in Taikoo Shing at the same time).
Of course, many people are also concerned about why the building was suddenly sold as a whole instead of by individual strata. CK Asset Holdings' reason is simple: selling by strata is not conducive to management and is detrimental to the overall valuation. As for who the buyer is, CK Asset Holdings is keeping it a secret.
However, this did not escape the notice of the resourceful reporters, who quickly deduced that the development rights above Central Station had been purchased by Cheung Kong Industrial Group, and the new building was named "Midea Building" and would serve as the administrative headquarters of Cheung Kong Industrial Group.
The Midea brand is extremely well-known in Hong Kong. Midea radios, electronic watches, portable music players, arcade machines, and game consoles are ubiquitous in Hong Kong and even have a worldwide reputation.
Ginza, Tokyo.
Chen Guangliang arrived at an office building, where Si Yezi, along with Nao Miharu, Ishihara Satomi, and others, warmly welcomed him.
He was surprised to find that Si Yezi's company was now almost entirely staffed by women, all of whom were fair-skinned and beautiful, and there were even twins among them. He frowned slightly, wondering how Si Yezi was increasingly distorting his thoughts.
When Si Yezi saw Chen Guangliang frown, she immediately understood what her man was thinking. She walked to his side and said, "Wen Sheng is independent. As his mother, I introduced some talented people to his investment company. Besides, my company now only invests in securities and collects rent, so I don't need that many people."
This doesn't affect the company's operations, because Si Yezi's business is very simple: investing in securities and real estate. In the securities sector, Chen Guangliang mainly directs the buying and selling, and as for real estate, it's simply about buying existing properties and collecting rent; indeed, an all-female workforce is perfectly adequate.
His gaze couldn't help but drift to the female employees. They were all wearing pencil skirts and white blouses, their legs encased in black stockings and high heels—the standard attire for office ladies. There were intellectual secretaries with glasses, voluptuous and alluring young women, and pretty, youthful twins; it was practically a land of women.
When these female employees saw Chen Guangliang, their eyes didn't show dislike, but rather admiration. In their eyes, Chen Guangliang was a mysterious figure, possessing an air of nobility and charm that ordinary men lacked. Moreover, needless to say, Chen Guangliang was an extremely wealthy and powerful man, and even his boss, Si Yezi, was his captive.
"What are your names?" Chen Guangliang asked as he approached the twins.
These twins are petite, only about 158 cm tall, but they have curvaceous figures and sweet faces.
My name is Ito Iori.
My name is Ito Nadeshiko.
Chen Guangliang nodded and said, "Do a good job, and your boss won't treat you unfairly!"
"Hi"
Everyone was in high spirits, which shows that the company's benefits are really good, and Si Yezi is not a stingy boss.
Back in his office, Chen Guangliang slapped Si Yezi's buttocks three times.
"This is getting more and more outrageous. What will my children think of me if they find out!"
Tsukasa Yoko is a traditional Japanese woman who has always been devoted to Chen Guangliang and the Chen family, willing to do anything for her husband.
Upon hearing about her children, Si Yezi finally became a little nervous and said, "I don't allow them to appear in my company now, because the two of them have already started their own businesses. Yingyi is still young and has never been to the company before."
"You're not allowed to do this again. I'll let you off this time!"
"Thank you, my husband." Chen Guangliang took Si Yezi's hand, placed her on his lap, and comforted her.
This woman gradually rose from being a 'slave woman' to a higher position, but she still lacked the confidence of the previous three wives. Although she gained more confidence as her two sons and one daughter grew up, she still considered herself inferior among the four wives.
For Chen Guangliang, there wasn't anything wrong with it, but he also needed to constantly reassure and instill confidence in Si Yezi; that's what a true couple should be like. After all, Chen Guangliang valued Chen Wenying, Chen Wensheng, and Chen Yingyi highly, hoping they would grow into new zaibatsu in Japan.
Go get the documents, I'll take a look at them for you!
"Um"
Before long, Chen Guangliang began working for Si Yezi, checking if there were any problems with her investments.
Si Yezi took the documents out of the vault and handed them to her husband, while she looked at him with affection.
Chen Guangliang reviewed the investments for Si Yezi, which were all "blue-chip stocks" in the Japanese stock market and "promising stocks" that Chen Guangliang was familiar with, so there shouldn't be any major problems. Moreover, Chen Guangliang only remembered that this wave of the Japanese stock market would reach more than 38000 points by the end of 1989, and he had no idea about other minor fluctuations.
Therefore, the best approach is to ignore it, even if there are minor fluctuations. As for the 'second oil crisis (the 1979 Iranian crisis),' it seems to have little impact on Japan. It's estimated that the stock market won't decline much, and there's no need to cause any trouble.
"Just hold onto these investments. The annual dividends can be used for reinvestment or for living expenses."
"Hi"
Yoko Tsukasa holds Japanese securities worth $3 million and prime Tokyo real estate worth $1 million, which has increased almost tenfold every decade. For example, in 1958, her wealth might have been only a few million US dollars, but by 1968, it had reached tens of millions of US dollars, and by 1978, it was a staggering $4 million.
Moreover, this does not include 'Electronic Arts' owned by Chen Wenying, nor Chen Wensheng's private investment companies.
“Husband. This time, Wen Sheng made a profit of 1200 million US dollars from investing in Japanese cement. I’m worried that he’s too young and might not be able to manage his wealth.”
Chen Wensheng is only 22 years old this year and has only been out of school for a year.
Last year, right after he graduated, Chen Guangliang encouraged him to start his own company with an initial capital of US$30 million. Starting in September of last year, the stock price of Japan Cement skyrocketed, reaching a high of 300 yen per share. Chen Wensheng began buying in March and made a considerable profit.
$1200 million is obviously a huge fortune, and more importantly, it's a newcomer after a 'first big win'.
"I'll talk to him alone later! Coincidentally, I've discovered that Japanese metal stocks have fallen to historic lows, so I'll arrange for him to continue buying stocks like copper and mining."
Stocks related to copper, silver, and gold are sure to be hot topics next year. While Japan has limited mineral resources, it invests heavily in overseas mining. Furthermore, Japan does possess some mineral resources, but they are insufficient to meet domestic demand.
"Yes, he admires you the most; only you can keep him in check. But this kid also invested in a commercial property in Tokyo. He bought the land and then developed it into a twelve-story building."
On one hand, she hoped for suppression, and on the other hand, she praised her son for being willing to do things. Si Yezi's heart was complicated, which is of course normal.
"Mr. Chen, boss."
"Enhanced version of Lin Chi-ling," "Widow" Satomi Ishihara, and "Glasses Girl" and "Capable Secretary" Miharu Nao walked in at the same time shortly afterward.
The two women stood in front of the desk, a hint of coquettishness on their faces; they were both now Chen Guangliang's women.
"Has the boss mistreated you?"
The two were so frightened that they waved their hands and said in unison, "Miss Si Yezi has been very kind to us."
The so-called "good" is mainly material, but it is clear that Si Yezi still has a lot of authority in front of her female subordinates, which is why the two of them are so frightened. It seems that people's submission depends on the situation.
"Yes, remember this: Miss Si Yezi will not forget you as she prospers, but the prerequisite is that you must be loyal enough!" Chen Guangliang looked directly into the eyes of the two men with unfathomable eyes.
Of course, Nao Miharu and Ishihara Satomi saw his gaze and unconsciously fell into it, then nodded loyally.
"We've remembered."
Chen Guangliang then smiled and said, "Hmm, very good. Come here and let me see if there have been any changes recently!"
The two women walked shyly to Chen Guangliang's left and right sides, while Si Yezi stood behind him massaging his shoulders.
Chen Guangliang looked them over and inspected their uniforms, and finally said with satisfaction, "Not bad. I plan to stay at the company for three days. You two will have to serve your boss well."
"Hi"
Chen Guangliang didn't forget to ask about Satomi Ishihara, "How's Masami doing lately?"
Upon hearing this, Satomi Ishihara trembled slightly and said, "Ya-mi is doing well lately, but she misses you a lot!" After saying that, she looked at Yoko Tsukasa with concern.
Si Yezi smiled and said, "Husband, I also like Ya Mei quite a bit, so I recognized her as my goddaughter."
"Haha, from now on we're all family!"
After exchanging a few words, Ishihara Satomi and Naomi Haru left.
At lunchtime, the company has a dedicated restaurant. Si Yezi sat on one side of Chen Guangliang, while the twins Iori and Nadeshiko sat on the other side.
Clearly, Chen Guangliang's work over the past three days was a pretense; his real purpose was to pick up girls.
During the meal, Chen Guangliang chatted and laughed, and these young women and married women were irresistible to his charm and charisma, their eyes sparkling with admiration.
Si Yezi was also realizing for the first time that her man had always been very restrained; otherwise, a man with such charm would have already had dozens of lovers.
But in reality, her husband told her that he only started to indulge himself after the children grew up, and that he only had one pet canary, Diborah, in Hong Kong.
"Do you know what the best investment in Japan is right now?" Chen Guangliang said to a group of young women and married women.
The few male employees present had already taken their seats in the corner, but they also watched Chen Guangliang chatting and laughing with curiosity.
A woman in her early thirties said, "It's securities."
A young woman in her early twenties said, "It's the property management."
"Haha," Chen Guangliang laughed and said, "Wrong, wrong, wrong, it's the body!"
The women blushed, feeling that Chen Guangliang was implying something, and more importantly, their boss didn't seem to care at all that her man was flirting with them.
A young woman stepped forward and said, "Mr. Yoshida (pseudonym in Japan), is my body the best investment?"
The women secretly cursed the young woman for being ungrateful, warning her to be careful that Miss Si Yezi might fire her, but soon they all unconsciously thrust out their genitals.
Chen Guangliang then slowly said, "What I'm saying is that only a healthy body is the best investment. If you are very rich but don't have a healthy body, then it's not a good investment."
The women blushed, and the male employees in the distance laughed. Laughter and cheerful voices filled the cafeteria.
Chen Guangliang also placed his hand on the thigh of 'twin sister' Ito Iori at the right time. She looked very fit, and her black stockings made the black and white colors stand out.
Ito Iori blushed slightly, but did not refuse. She felt that she was in love, but she glanced at Ms. Tsukasa Yoko with concern.
Ito Nadeshiko also noticed a man's hand on her sister's thigh, and her face flushed.
Of course, this was just a minor incident. (End of Chapter)
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