The birth of the Hong Kong Island family

Huang Hongnian took his assistant to the Paragon Building and walked into the office of his owner George.

"Mr. George, are you satisfied with our price?"

George is a cunning British man. Although they did not sign the contract with the Wharf Group's price of SGD 230 million, he also verbally agreed. But the more he thought about it, the more he felt that the sale would be a loss, so he introduced new competitors.

When Huang Hongnian walked in, he immediately said with a smile: "Mr. Huang, Wharf Group has added SGD 5 million to your quotation, which means the latest quotation is SGD 240 million."

Huang Hongnian is not surprised. He is very clear about the value of the Paragon Building. This building is located on the increasingly prosperous Orchard Road. Coupled with Singapore's economic growth rate, it only takes 1 to 2 years. He believes that he can grow from the Paragon Building. Earn more than 50% profit above.

Therefore, when the Wharf Group increased its price by SGD 5 million (USD 1 equals SGD 0.7), he felt that his opponent was not confident enough. After all, it is a Hong Kong consortium, and it still does not understand the property potential in Singapore.

However, Huang Hongnian deliberately said: "Mr. George's trick is to bring me in to compete with the Hong Kong consortium, so that you can reap the benefits."

George smiled and said: "Paragon Tower is a high-quality property, and it is normal to introduce a competitive model."

Huang Hongnian said: "But it seems that apart from us, United Industries, there are no other interested buyers!"

George said: "No, no, of course there are other buyers, but they are not as sincere as you two. Mr. Huang, we don't need to argue about this, just talk about your new offer for the Paragon Building. I believe this This building must be worth more than S$240 million!"

Huang Hongnian gritted his teeth and said: "For the price of 248 million Singapore dollars, I will add another 8 million Singapore dollars!"

George clapped happily and said, "I see your sincerity!"

Just when Huang Hongnian was happy, George changed the topic and said: "I will call the people at Wharf Group immediately to see if they can give a higher price."

Later, George actually dialed Jiang Chao's phone number in front of him.

"Mr. Jiang, your competitor United Industries has already bid 248 million Singapore dollars. I wonder if you can bid again?"

"We offer SGD 250 million"

George didn't even hang up the phone and asked Huang Hongnian directly: "Mr. Huang, they offered 250 million Singapore dollars, do you still pay?"

Huang Hongnian's face turned pale. This British man actually bid like this, and he suddenly felt that he was being played.

But he still bit the bullet and said: "I will offer another SGD 5 million."

George smiled happily and immediately said to the phone: "Mr. Jiang, United Industries is now bidding 255 million Singapore dollars, do you still need to bid?"

The person on the other side was silent for a moment and said: "Mr. George, you know, I am a migrant worker and I need to ask my boss for instructions. But he should be on the plane now, so why not give you an answer later. And your bid today is too Suddenly, we hope to talk about it next time we sit in the office, how about it?"

At this time, it has been three days since the president came to Singapore. The president is already preparing to sign the contract. He needs some time.

After hearing this, George immediately said: "There is no problem. It is indeed my lack of consideration. Then I will arrange for the two of you to come to the company to bid together one day."

Huang Hongnian's expression changed. He didn't expect that this George would be so shameless!

In the end, he and his secretary had no choice but to say goodbye. After walking out of the Paragon Building, the secretary said, "Boss, could this be a trap? George and Jiang Chao deliberately raised the price of the Paragon Building and took our money!"

Huang Hongnian was stunned. He suddenly felt this way because Lin Ruihai, the president of Wharf Group, was not involved in the whole operation. It was the head of the Singapore business unit who was talking. Moreover, George's behavior is simply like 'this kind of person'.

"Don't worry, the price in my mind is S$280 million, and there is still a lot of room. So no matter whether they are plotting against us or not, we just need not to exceed this number. Also, we will also delay the time later. If it is really a joint effort If the price is raised, I believe George will be very anxious!”

"Well, that makes sense. As long as we are not in a hurry, we can stabilize the situation and make George get into trouble."

For a time, Wharf Group was also delaying, and Singapore United Industries was also delaying, but George became anxious.

Two days later.

The secretary hurried to Huang Hongnian's office and said: "The boss, Lin Ruihai, the president of Wharf Group, has actually arrived in Singapore a long time ago."

Huang Hongnian said curiously: "Since you have come to Singapore, why don't you negotiate the Paragon Building in person?"

The secretary said: "Because he is personally involved in the acquisition of Jubilee Company and has officially reached an agreement. The Marco Polo Hotel under the Wharf Group (a listed company in Singapore, controls the Marco Polo Hotel in Singapore), for 75 million New coins received by Jubilee Corporation."

Huang Hongnian was stunned for a moment, and later sighed: "What an amazing young man!"

They have also done research on the Paragon Building and believe that if they purchase the Paragon Building and then further purchase the land at the back of the Paragon Building, the value of the entire project will increase significantly.

The Paragon Building is a product of the mid-1960s. If the land next to the building is merged, a shopping mall complex can be built on Orchard Road. This is the real value.

Now smart people can see that Orchard Road has great prospects, and comprehensive commercial buildings with shopping malls + hotels, shopping malls + office buildings have the most potential.

"Then do we still want to participate in tomorrow's bidding event?" The secretary also understood that they had lost the opportunity.

If United Industries spends a huge amount of money to acquire the Paragon Building, it will also have to buy Jubilee Company from the Marco Polo Hotel in Singapore. These two huge expenses are simply not something United Industries can afford.

Huang Hongnian also started thinking seriously!

If he and the Hong Kong consortium get the Paragon Building at the highest price, then the Hong Kong consortium will definitely use the Jubilee piece of land to give him another big killing; and he bought the Paragon Building purely for the purpose of 'property speculation', which is not true. Management and reconstruction; so in this way, it is not a good thing for him to win the Paragon Building at the highest price. After all, others have beaten him to it.

If it is to raise the price and let the Hong Kong consortium get it, it seems completely unnecessary. After all, there is no enmity between the two parties, so why bother with the thankless task.

After thinking about it, Huang Hongnian said decisively: "We still have some financial difficulties in acquiring the Paragon Building, especially in the Silver Jubilee area. There is no need to get involved. In this way, let's do a favor and you will do it tomorrow Go to Paragon Building for me and announce our withdrawal directly in front of George and the Hong Kong consortium."

The secretary nodded and said, "Okay, but I don't know if the other party appreciates it or not?"

Huang Hongnian said with a smile: "There's no need to care, we were the ones who got involved anyway."

In 1980, Huang Hongnian established United Industries of Singapore (UIC), which focused on acquisitions and development. To put it bluntly, it was to obtain considerable profits through acquisitions. To put it more simply, it was an 'investment bank' company. Therefore, when it lost the opportunity , Huang Hongnian would not foolishly fight with a large consortium.

The next day.

George, the owner of Paragon Building, happily welcomed Lin Ruihai and Jiang Chao from Wharf Group, as well as representatives representing Singapore United Industries.

But when he saw the only secretary was Huang Hongnian, he suddenly felt something bad.

Sure enough, the secretary said directly: "Mr. George, my boss has decided to give up this bidding, and asked me to come here to say sorry to you!"

George suddenly lost his grace and said, "He didn't keep his word. I'm very disappointed!"

The secretary sneered and said: "Mr. George, everything is just a verbal agreement, just like you suddenly announced that the Paragon Building is going to be sold, destroying the almost negotiated agreement. And our boss suspects that you are deliberately raising the price to make us pay A greater price.”

George suddenly turned red. After all, he was embarrassed in front of Lin Ruihai and Jiang Chao.

"Get out, please get out immediately!"

The secretary sneered, and then smiled at Lin Ruihai and Jiang Chao to show their friendship.

Lin Ruihai smiled and responded to Huang Hongnian's secretary.

But after Secretary Huang Hongnian left, Lin Ruihai and Jiang Chao sat opposite George and his men.

George lost his confidence at this time and said: "Mr. Lin, I'm glad you came to Singapore. The price of the Paragon Building can be traded at the SGD 250 million negotiated before!"

Lin Ruihai smiled and said: "We were talking about S$230 million before I came to Singapore. Mr. George, do you think so?"

George suddenly became embarrassed. It was obvious that after withdrawing from a competitor, the Wharf Group became difficult to talk to.

"The price of Paragon Tower is more than S$230 million, otherwise you wouldn't have paid the maximum S$255 million."

Lin Ruihai said: "If it weren't for Mr. George's strategy, he would not be worth 255 million Singapore dollars, but 230 million Singapore dollars."

George immediately said: "You must have united and hoped that I would sell it at a lower price!"

Lin Ruihai said: "Mr. George, do you think we will unite for 10 to 20 million Singapore dollars? After all, we were competitors at the beginning. In this case, the deal will be done at a price of 230 million Singapore dollars, and we can sign the contract immediately."

George's mind immediately started to spin. He didn't believe that Huang Hongnian and Lin Ruihai could join forces in a short time. It seemed that Huang Hongnian thought that this price ceiling was too obvious.

Suddenly, George began to worry, and his heart was already weak.

"S$240 million, this price is already my biggest concession!"

"We can add up to SGD 5 million to SGD 235 million. This price is also our biggest concession."

Seeing Lin Ruihuan's "serious expression", George could only say: "Okay, just 235 million Singapore dollars!"

Prior to this, except for the Singapore United Industrial Bidding, no other consortium had quoted a suitable price, so he did not intend to waste time.

“Happy to work with!”

Subsequently, the two parties immediately arranged to sign the contract.

After signing the contract, George asked with some confusion: "Mr. Lin, you really didn't join forces?"

He still can't figure out why Huang Hongnian quit. Now that he has signed the contract, he also wants to "die" to understand.

Lin Ruihai said: "Absolutely not, we will not do such a thing!"

George said distressedly: "Then why did he give up at the last moment?"

Lin Ruihai said: "Maybe. He is worried that we and you are setting a trap to let them buy the Paragon Building at a high price."

George suddenly realized it and said: "I didn't expect, I didn't expect that you Chinese people have so many thoughts!"

Lin Ruihai and Jiang Chao couldn't help but want to give George a kick. Who was playing tricks in the first place? The two families almost let George lead the way.

And Lin Ruihai didn't tell George, mainly because he acquired Jubilee Company immediately and asked Huang Hongnian to withdraw on his own initiative; of course, he didn't need to explain to George. This kind of person who doesn't keep his word is not worth it at all.

After George reacts, let him slowly get annoyed!

Back in Hong Kong, Lin Ruihai reported his recent work to his father Lin Zhichao.

After hearing this, Lin Zhichao said: "Well, you did a good job!"

Singapore has purchased three assets in a row—Bollong Place Building, Jubilee Investments, and Paragon Building. These are all high-quality assets. The progress in Thailand is also very good, and work has begun.

Of course, high-quality assets are secondary, but Lin Ruihai's performance makes Lin Zhichao more reassured, especially in the acquisition of Paragon Building.

Lin Ruihai was immediately encouraged and said immediately: "Father, the Marco Polo Hotel in Singapore acquired two assets (Bollong Place Building and Jubilee Investment) for a total of 180 million Singapore dollars (126 million U.S. dollars, approximately 950 million Hong Kong dollars). , it already has a lot of debt, and its stock price has dropped a lot recently, should we consider privatizing it?"

The Marco Polo Hotel in Singapore is actually just a four-star hotel with some small property investments. It has now spent a full 950 million Hong Kong dollars, which indeed made shareholders think that the expansion was too fast, so the stock price did not perform well.

Lin Zhichao smiled and said: "Privatization and comprehensive acquisitions can only be carried out when the stock market is at a low ebb. As people at the top of the food chain, we must be patient enough and wait for better opportunities."

Of course, it was privatized after the August 7th stock market crash!

"I see!"

Lin Ruihai said decisively.

Hearing what his father meant was that the Singapore stock market might experience a downturn, this was what he thought in his mind.

Lin Zhichao nodded with satisfaction. He did not want his son to be 'too opinionated' in investment. He would ask Lin Zhichao for advice on major matters and make his own decisions on small and medium-sized matters. After all, he still has 36 years of advanced knowledge and experience.

“What’s Wharf’s financial situation like?”

Lin Ruihai immediately said: "Although the property acquired this time is worth more than 2 billion Hong Kong dollars, the Wharf Group only invested 500 million Hong Kong dollars into the Singapore market; Thailand and Malaysia also tentatively set initial funds of 1 billion Hong Kong dollars, and then adopted A larger loan ratio. Therefore, Wharf Group still has sufficient cash flow, continuous profits, and the support of local banks."

Lin Zhichao said: "Well, my analysis is: In the next 8 to 10 years, there will be a wave of economic bubbles in Southeast Asia, which will drive a surge in property prices throughout Southeast Asia. This is a process of a new economy, and it is also the beginning of the European and American economic malaise. In Japan The same is true. Since the Plaza Accord, Japan’s bubble has become bigger and bigger, and it is estimated that it can last for another three to five years!”

Lin Ruihai asked: "What will happen to Japan's bubble in the end?"

Lin Zhichao said with a smile: "The economy has been sluggish for 10 to 20 years, and the moment the bubble burst, countless people went bankrupt."

Lin Ruihai was shocked, and then said: "Then how does father know when the bubble bursts?"

Lin Zhichao said: "When everyone goes crazy, the bubble is about to burst. Our investment in Japan actually has no new projects this year."

Lin Zhichao didn't take much precautions when the father and son were communicating about this kind of thing. Of course, he was speaking from an analytical perspective.