Hong Kong variety show: Building a century-old family, starting with Hung Hing

Jiang Tiansheng looked around and said, "Hmm, the progress is not bad. Boss Yang, your construction team is quite capable."

Yang Mingkun said with a smile, "President Jiang, you flatter me. If Zhao'an Real Estate Company has any similar projects in the future, please give Fengtu Construction Company your support."

Jiang Tiansheng nodded, "Boss Yang, as long as you do a good job."

"If Zhao'an Real Estate Company has any business related to the renovation, remodeling, and high-priced sale of old shopping malls in the future, we can further discuss cooperation."

Yang Mingkun quickly thanked him, "Thank you, Mr. Jiang! By the way, Mr. Jiang, I heard that the basement of Huahai Plaza at 80 Shanghai Street, Jordan, may be for sale."

The basement area does have a lot of foot traffic, but being underground space, it's not very popular with buyers.

Upon hearing this, Jiang Tiansheng became interested. "Oh? What exactly happened?"

Yang Mingkun continued, "The owner is willing to sell at 80% of the market price, but the buyer is only willing to offer 65% of the market price. The two sides cannot reach an agreement, so the deal has not been completed."

Jiang Tiansheng thought for a moment, "That's interesting. I'll go and investigate in person to see if there are any investment opportunities."

After saying goodbye to Yang Mingkun, Jiang Tiansheng arrived at Shanghai Street in Jordan.

He stood near the entrance to the underground parking garage of Huahai Plaza, carefully observing the surrounding environment.

Above the basement is a restaurant, bustling with people, and business seems pretty good.

Jiang Tiansheng had a sudden inspiration: he thought he could rent a window seat near the entrance to the underground parking garage of the restaurant as an advertising space.

This could increase the visibility of the basement, and perhaps bring about a turning point for future transactions.

He went straight into the restaurant and found the owner, Li Jiafeng.

"Hello, Mr. Li. I'm Jiang Tiansheng, and I'd like to discuss something with you," Jiang Tiansheng said, getting straight to the point.

Li Jiafeng looked at Jiang Tiansheng with a puzzled expression. "Mr. Jiang, please tell me, what is it?"

Jiang Tiansheng pointed to the window near the entrance to the basement, "I want to rent this 300-square-foot space as an advertising space."

How about a 5-year lease at HK$3 per square foot per month?

After hearing this, Li Jiafeng thought for a moment, "300 square feet, 5-year contract, monthly rent of HK$3 per square foot..."

Mr. Jiang, I can make that decision. However, I have a small request.

Jiang Tiansheng asked curiously, "Boss Li, what are your requirements? Just tell me."

Li Jiafeng said somewhat embarrassedly, "Mr. Jiang, I see that you are so good at doing business, so I want to learn from you how to do business."

If you agree, I can provide this advertising space for free. I'm even willing to forgo a salary; I just want to learn from you.

Upon hearing this, Jiang Tiansheng hesitated, knowing that mentoring newcomers was no easy task.

But then he thought about the potential profits from the basement, and after a moment's thought, he said, "Mr. Li, I do have some concerns about taking on new employees. But seeing how sincere you are, okay, I agree."

Upon hearing this, Li Jiafeng's face lit up with joy. "Really? Mr. Jiang? Thank you so much!"

Jiang Tiansheng continued, "Since you want to learn, I'll give you a task."

"Find a way to reduce the price of this basement unit on Shanghai Street in Jordan to 60% of the market value. That's no easy task. Can you do it?"

Although Li Jiafeng knew this task was arduous, he still agreed without hesitation for the learning opportunity:

"Mr. Jiang, I will do my best!"

For the next two days, Jiang Tiansheng devoted himself to finding a buyer for the shopping mall in the Lishi Building in Kallan Wai, Tsim Sha Tsui.

He contacted clients everywhere, constantly introducing the mall's advantages.

Finally, perseverance paid off. On the third day, he met a middle-aged businessman who showed great interest in the business world.

"Mr. Jiang, your mall has a good location, but could we discuss the price further?" the middle-aged businessman asked.

Jiang Tiansheng smiled and said, "You have a keen eye; this market has huge potential."

In terms of price, 500 million yuan is already a very reasonable price. Think about it, with a little renovation later, the return on investment will definitely be considerable.

After a moment's thought, the middle-aged businessman said, "Alright, Mr. Jiang, seeing how sincere you are, I'll buy it for 500 million yuan."

Jiang Tiansheng made a profit of about 150 million yuan from this transaction, with a return rate of over 40%.

Just as he was feeling happy, Li Jiafeng called.

"Mr. Jiang, great news! I've successfully persuaded the basement owner to sell at 60% of the market price!" Li Jiafeng said excitedly.

Upon hearing this, Jiang Tiansheng was also very pleased. "Boss Li, well done! Tell me the details."

Li Jiafeng gave a detailed report on the negotiation process with the basement owner. After listening, Jiang Tiansheng said, "Okay, I'll go sign the contract right away."

Jiang Tiansheng quickly went to the signing location and successfully acquired a 2800-square-foot basement for 253 million yuan.

He then contacted Yang Mingkun.

"Boss Yang, I have a basement renovation project here. Please arrange for the construction team to get on site as soon as possible," Jiang Tiansheng said.

"Okay, Mr. Jiang, I'll arrange it right away," Yang Mingkun replied.

Jiang Tiansheng decided to rent the advertising space offered by Li Jiafeng. "Mr. Li, I'll rent this advertising space for 1 yuan per month. I'll have a lawyer draft the contract, which will include a penalty for breach of contract."

Li Jiafeng was a little puzzled. "Mr. Jiang, why do you need to set a penalty for breach of contract? I've already let you use this advertising space for free for a while."

Jiang Tiansheng patiently explained, "Mr. Li, this is the way of doing business. For projects where you want to gain an advantage and are worried that the other party might back out, setting a high penalty for breach of contract is necessary."

If problems arise later, the penalty for breach of contract will provide some protection.

Li Jiafeng humbly accepted the answer, "Mr. Jiang, I understand. I'll know what to do if I encounter a similar situation in the future."

By the way, Mr. Jiang, I can also keep an eye out for other old shopping malls and large shops for sale.

Jiang Tiansheng nodded. "Okay, but remember, these business details must be kept secret. Don't let anyone else know."

“Yes, Mr. Jiang, I will keep my mouth shut,” Li Jiafeng said.

Afterwards, Jiang Tiansheng arranged to meet with Zhang Taotao from HSBC.

"Manager Zhang, I'd like to use 500 million yuan as principal, leveraged tenfold, to continue buying shares of Xiangjiang Electric Lighting Company. What do you think?" Jiang Tiansheng made the request directly.

Zhang Taotao looked troubled. "President Jiang, this leverage ratio is a bit high, and the risk is not low."

Jiang Tiansheng explained, "Manager Zhang, I made this decision based on some information. I don't want to acquire the electric light company; it's just an investment."

Zhang Taotao thought for a moment, "President Jiang, other forces are already accumulating shares of the electric light company. If you continue to buy in large quantities, it could very likely cause the stock price to rise sharply."

Jiang Tiansheng said, "Manager Zhang, I can accept a rise in the stock price as long as we can acquire enough shares."

Zhang Taotao hesitated for a moment, but finally agreed, "Okay, Mr. Jiang, I'll arrange it for you."

Jiang Tiansheng then said, "Manager Zhang, there's something else. Could you help me get some of Hysan Development's rights issue shares, which are scheduled to go public in September?"

Zhang Taotao looked troubled. "President Jiang, this is quite difficult. Hysan Development Company is attracting a lot of attention, and the competition for rights issues is fierce. It will be very difficult for me to obtain a large number of rights issues."

However, I will do my best to help you obtain 10 shares.

Jiang Tiansheng was somewhat disappointed, but he also understood the difficulties involved. "10 shares is indeed a bit too few. But Manager Zhang, since you said you did your best, I accept it. Let me know as soon as you have any news."

“Okay, Mr. Jiang, I’ll contact you as soon as I have any news,” Zhang Taotao said.

After leaving the bank, Jiang Tiansheng went to a private room in the restaurant of the Mandarin Oriental Hotel in Central, where he was to meet with He Wanfeng, the owner of the Anleyuan Building.

Jiang Tiansheng entered the private room, where He Wanfeng was already waiting.

"Mr. He, I've heard so much about you." Jiang Tiansheng greeted him with a smile.

He Wanfeng stood up and shook hands with Jiang Tiansheng, "Mr. Jiang, it's a pleasure to meet you."

After the two sat down, He Wanfeng got straight to the point, "President Jiang, you know the value of my Anleyuan Building. I hope to sell it for 2.1 million yuan."

Jiang Tiansheng thought for a moment, "Mr. He, I can accept this price. However, Zhao'an Real Estate needs time to recover its funds. Could you provide some loan facilities?"

He Wanfeng: "Mr. Jiang, a loan is possible, but I need guarantees. I require the Paramount Restaurant Company and you, Mr. Jiang, to act as guarantors, and I also need to collect the corresponding interest."

Jiang Tiansheng nodded. "Mr. He, regarding the interest, I agree to pay it at the bank loan interest rate. I will also recover the funds as soon as possible to repay the loan. Is that acceptable to you?"

He Wanfeng thought for a moment, "Okay, Mr. Jiang, we'll do it your way. I hope we have a pleasant cooperation."

"It's a pleasure to cooperate with you!" Jiang Tiansheng said.

After saying goodbye to He Wanfeng, Jiang Tiansheng returned to Zhao'an Real Estate Company. He had just sat down when his assistant came to report: "Mr. Jiang, the company is having problems selling properties. A competitor is trying to drive down the price, and it's been pushed very low."

Jiang Tiansheng: "Do you know which colleagues are involved?"

The assistant replied, "It's not clear yet, but the price pressure is intense, and it's difficult for our properties to be sold."

After a moment's thought, Jiang Tiansheng said, "Let Kang Wenyi, the property manager of Paramount Company, acquire these properties at a 10% premium."

The assistant was somewhat surprised. "Mr. Jiang, if we acquire it at a premium, Paramount Company will face significant financial pressure and will need to raise funds through collateralized loans."

Jiang Tiansheng said, "I know that's all we can do for now. We need to solve Zhao'an Real Estate's funding problem first."

As for the debts of the Paramount Company, we'll figure out a solution later. Contact Kang Wenyi immediately and have him handle it as soon as possible.

“Yes, Mr. Jiang,” the assistant replied.

After finishing his work at the company, Jiang Tiansheng went to North Point and Hung Properties to rest.

Guan Jiahui was also there. When she saw Jiang Tiansheng, she said, "Tiansheng, I want to work at your company."

Jiang Tiansheng asked with some confusion, "Jia Hui, why did you suddenly have this idea?"

Guan Jiahui said coquettishly, "I just want to go to the company and keep an eye on you. You're so busy all day long and don't have much time to spend with me."

Jiang Tiansheng said helplessly, "Jiahui, the company is not a place to play. I am very busy when I work and often need to socialize. It would not be appropriate for you to go."