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786【Business Opportunities】

What's more, Ye Jin originally wanted to buy a mansion in the middle of the mountain.

He used to live in Kowloon Tong with Lin Qingxia. Although it was also a luxury residential area, it was far less noble than the Mid-mountain area.

Moreover, the house in Kowloon Tong is only 6,000 square feet. In the eyes of ordinary people, this can be regarded as a super luxury house. However, for a rich man like Ye Jin, such a house is a waste.

You know, Ye Jin's mansion in Beverly Hills is about six acres (24,000 square meters). Now this Lu family mansion is barely worthy of him.

Although the Lu family mansion was only built for ten years, after Ye Jin took over, he was still preparing to renovate it from the inside out. He wanted to prevent any trace of the Lu family from inside and outside, so as not to feel uncomfortable inside.

...

"Lao Luo, you must invite the best designer and the best worker to help me decorate. My happiness in the second half of my life depends entirely on you. Don't make me uncomfortable living." Ye Jin ordered Luo Kangrui, general manager of Tongxin Real Estate.

After he was about to travel around the world, he returned to the permanent residence of Xiangjiang. This place is a place with outstanding people, beautiful scenery, fresh air, and rich food, which is suitable for rest.

"Don't worry, I will definitely take care of it." Luo Kangrui smiled and said, "Mr. Ye, you are so lucky that you bought such a large mansion. Do you know how many rich people in Xiangjiang envy you?"

"What's there to be envious of? It's just a house. To be honest, this house is more expensive than the luxury house I bought in Beverly Hills." Ye Jin smiled.

When I bought Warner Manor in Beverly Hills, I only spent seven million US dollars, which was about 60 million Hong Kong dollars. The valuation of this Lu family mansion is 70 million Hong Kong dollars, which is more expensive than Warner Manor.

Moreover, Warner Manor covers an area of ​​24,000 square meters, while Lu's mansion covers an area of ​​only 5,000 square meters, so Lu's mansion is more expensive.

"There is nothing to do. Who makes the land in Xiangjiang more expensive?" Luo Kangrui smiled and said, "By the way, Mr. Ye, I have two good news here to tell you.

John Maden, a senior member of the British consortium, is preparing to sell the shares he holds. In addition, the British Jardines Group is also preparing to sell the Hong Kong lamp. I think these two businesses are profitable, so I wonder what you think?"

"Huidefeng wants to sell it?" Ye Jin said in surprise when he heard this.

"Yes." Luo Kangrui nodded, and then introduced the situation carefully.

Huidefeng is known as the Four Oceanic Firms, together with Jardinet, Swire and Hutchison Wong. Its business is very extensive, with its main business in shipping, as well as real estate, finance, energy, retail, etc.

Because of the two oil crises from the 1970s to the present, the global economy has fallen to a low point, and Defeng's shipping business has suffered a heavy blow.

It has made it heavily in debt. By the end of 1982, its debt had reached 2.18 billion Hong Kong dollars. In addition, it would have to pay another 680 million Hong Kong dollars to complete six ships under construction.

At this stage, the market value of several listed companies under Huidefeng is only HK$2.5 billion, so it is already insolvent.

Moreover, the banking industry has always sent umbrellas on sunny days and collected umbrellas on rainy days. Seeing that Hui Defeng's financial situation is so bad, even Standard Chartered, which is also a British-funded foreign exchange company, is unwilling to lend it again, which makes Hui Defeng's operation fall into a quagmire and difficult step.

In addition, the uncertain future of Hong Kong made John Maden want to sell Huidefeng and cash out. In this way, he not only got rid of the burden and got a lot of money. John Maden could bring the money back to England and be his own lord comfortably.

...

"So that's it." Ye Jin nodded after hearing this.

It is really touching that the four major overseas shops that once dominated Xiangjiang would even be able to sell themselves.

This also made him more alert. He must put more effort into his own business and the cultivation of his heirs. Otherwise, even if he has billions of wealth, he may have nothing.

"Mr. Ye, Hui Defeng is a big fat piece of meat. I think we should not miss it." Luo Kangrui said with a smile again.

Huidefeng has more than 200 branches, including large companies such as Xialiwen Development, Huidefeng Shipping, Baofu Development, United Enterprises, Liankaboi Development, Federal Real Estate, Real Estate Trust, and Zhongrong Gas.

These companies actually have great potential, but John Maden is too eager for quick success and instant profits and expands too much. Even though he knows that the oil crisis is and the shipping industry is gradually declining, he still has to spend money to buy new ships and maintain his reputation as the world's number one shipping company. As a result, the company is heavily in debt, and these high-quality assets are eclipsed.

So if Hui Defeng is bought and then the non-performing assets are disposed of, then the remaining high-quality assets can be restored to their due value.

Not to mention anything else, China Gas alone is a chicken that can lay golden eggs. Because there is only such a gas company in Xiangjiang, the people in Xiangjiang must pay China Gas as long as they use gas. Such a unique business is the best way to do.

"It makes sense." Ye Jin nodded and smiled, "Then talk to him. If it is appropriate, you can buy it."

"Okay." Luo Kangrui smiled and responded with a smile.

As one of the four major foreign companies in Hong Kong, Huidefeng will be able to win the family once he acquires it. Moreover, he is very likely to take the position of Huidefeng's senior class and become another Chinese senior class of British foreign companies.

Think about it, Li Chaoren is known as the pride of Chinese businessmen because of his acquisition of Hutchison Whampoa and Bao Jinshui because of his acquisition of Hutchison Whampoa. The newspapers and media have reported in succession and the people of Hong Kong are all respected, and you will know how valuable the title of [Chinese Foreign Business Class] is.

...

"By the way, Yard wants to sell Hong Kong lanterns too?" After the talk, Ye Jin asked Luo Kangrui again.

"Yes." Luo Kangrui nodded, "This is how things look..."

Hong Kong Ding was founded in 1889, initiated by Sir Paul Standard Chartered, and major overseas banks have all participated in the shares. It is one of the only two power companies in Hong Kong. The other power company is China Electric Power, founded by the Jiadaoli family.

Before World War II, Hong Kong Lighting's revenue exceeded China Electric's. However, after World War II, Kowloon and the New Territories were developed, with more residents and more industry becoming increasingly developed, so China Electric's revenue gradually surpassed Hong Kong Lighting.

But despite this, Hong Kong Lighting still has a rich income and is one of the top ten British listed companies among the many listed companies in Hong Kong. The highest market value is HK$3.5 billion.

In early 1982, Jardines acquired Hong Kong Ding at a price of 30% higher than the market price in order to expand its business and increase its revenue.

But unexpectedly, after Jardine Mathematics acquired Hong Kong Ding, the Jianing incident occurred, and the Xiangjiang stock market and the real estate market plummeted, which affected Jardine Mathematics' operations.

Before this storm has passed, the storm in the second half of the year has made Jardine’s operation even more difficult. It is reported that Jardine’s debt has reached HK$16 billion. At present, the total market value of Jardine’s group is only HK$13 billion, and the situation can be said to be in danger.
Chapter completed!
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