Chapter 104: Troops Not Moved
During August, Liu Yanxin and Yin Huifen quietly went to Guangzhou in the mainland under the pretext of visiting relatives.

As for whether anyone knows about it, the Hong Kong government must know about it, but no one says anything, which is a kind of tacit consent.

Liu Yanxin and Yin Huifen returned to their hometown in the name of visiting relatives and went to the ancestral cities of the Liu and Yin families on the mainland respectively.

Through the 'Yanxin Zhicheng Foundation', they donated a number of schools, hospitals and other public facilities in these cities.

The mainland side was quite enthusiastic and invited Liu Yanxin and Yin Huifen to return home many times to organize activities for the donated facilities and also commended them through official channels.

The two planned to visit the mainland for a month, but this did not mean that they would just go there once and never care about it again. After returning to Hong Kong, they kept in touch with the mainland and would visit the mainland regularly.

What’s even more interesting is that the Hong Kong branch of Xinhua News Agency took the initiative to invite Liu Yanxin and his wife to visit the mainland.

When Liu Zhicheng came home one night and heard this topic, he couldn't help but feel surprised. This butterfly effect was too strong.

In the previous life, it was a visiting group organized by Li Chaoren and Hu Xiangying that went to the mainland. It was impossible for Liu Yanxin and Yin Huifen to go with them.

While Liu Zhicheng was surprised, he also felt that this was a good thing. At least the Liu family had attracted the attention of relevant departments.

"Mom and Dad, don't worry. Maybe they have their eyes on your charity fund and want you to donate supplies or something like that."

"In fact, we were also surprised this time. To be honest, we felt a little nervous," said Liu Yanxin.

The parents were invited by Xinhua News Agency, and they were inevitably a little nervous, after all, this was a message from the top leaders in the mainland, which meant that the Liu family had been recognized by the mainland.

"In two years, I will definitely go to the mainland, so please give me some suggestions first."

Liu Zhicheng smiled and continued, "This trip to the mainland is just for a visit. There's nothing special. If there's anything that can't be resolved, we'll come back and discuss it and give the final answer."

A few days later, Liu Yanxin and Yin Huifen set out on a tour. It was said that they were accompanied by Hu Xiangying, Li Chaoren, Feitingtai and others.

……

On the 31st floor of the Federal Building, Liu Zhicheng was in his office, handling official business while enjoying Lina's massage service.

When he saw a document from Assistant Han that said Shanfeng Investment had successfully acquired 2% of the shares of Wharf Holdings, he requested further instructions.

Liu Zhicheng signaled to Lina to stop massaging, and he couldn't help but tap the table with his hands, and he fell into deep thought again.

In the previous life, the acquisition battle of Hutchison Whampoa was full of twists and turns. First, Superman Li made a secret purchase, then the shipping king came on the scene, and a few years later, the Dragon King of the Sea took over the kingdom.

After a while, Liu Zhicheng signaled to Lina to call Han Chunxi and Yuan Tianfan over to discuss the matter, saying that professional matters should be consulted with professionals.

"I have seen Han Sheng's report. Please tell me your opinion first." After Liu Zhicheng finished speaking, he handed the report to Yuan Tianfan for him to review so that he could express his own opinion later.

Han Chunxi must have been prepared for this, and blurted out, "Mr. Liu, we are only a few points behind Jardine Matheson in terms of controlling stake. Now is not the moment of the decisive battle, we should wait."

"Well, Tianfan, what do you think?" Liu Zhicheng asked Yuan Tianfan.

Yuan Tianfan thought for a moment, organized his words, and said, "Jardine Matheson and Wharf Holdings are the two wings of Jardine Matheson. Since we want to cut off one wing, why don't we start a fire in the other wing first?"

He glanced at his boss and continued, "Jardine Matheson holds shares in Wharf Holdings. If we block Jardine Matheson, Jardine Matheson will definitely counterattack with all our strength. We will then raise our stake in Wharf Holdings, and Jardine Matheson will definitely not care about anything."

"Well," Liu Zhicheng fell into deep thought again, and asked after a moment: "If HSBC strongly supports Jardine Matheson, what should we do?"

The Hong Kong government strongly supported British enterprises during this period. In the past, after the charter king acquired Wharf Holdings, the threshold for raising stakes was lowered from 50% to 35%.

This is an obvious form of protection.

If Liu Zhicheng forcibly bids for Hutchison Whampoa, the Hong Kong government may instruct HSBC to intervene strongly. This is a realistic problem that must be faced.

After discussing for a long time, Liu Zhicheng made the latest instructions for the three major secret stock purchases, continuing to secretly purchase Hutchison Whampoa shares, secretly purchasing Cheung Kong Company shares, and secretly purchasing Hutchison Whampoa shares.

It's very simple. Superman Li will secretly buy shares of Hutchison Whampoa at that time. Although Superman Li now holds more than 40% of the shares of Cheung Kong Company, it is absolutely safe.

But in his previous life, when he secretly bought Wharf Holdings shares, his shareholding was only over 30%. He must have sold some of the shares from the public market in order to raise funds for the acquisition.

At that time, in order to buy the Wharf shares in Li Chaoren’s hands, you can use courtesy first and then force, and then fight if you don’t agree.

Even if you don't use it, Changjiang Company is still a good investment.

As for secretly purchasing Hutchison Whampoa shares, it is even simpler. If there is a chance, I will definitely raise my hand and act like a barbarian and knock on Hutchison Whampoa's door.

Thinking of this, Liu Zhicheng laughed out loud. As for how to deal with HSBC, he still had to think of a way.

A few days later, York from Citibank flew from the United States to Hong Kong, conspired with Liu Zhicheng for a whole day, and then flew back to the United States happily.

The war is about to begin, and sufficient ammunition must be prepared.

In the office of Whampoa Group.

Liu Zhicheng was flipping through the financial report documents of Huangpu Group while listening to Hao Qingwen's meeting presentation.

"Pier 4's profits have increased by 10% compared to last year, and the rents of Universal and Lijing Buildings have increased slightly by %. The Whampoa Resort Hotel in Lantau Island has barely managed to break even and has not incurred a loss."

For the convenience of transportation, Liu Zhicheng gave another yacht to the Whampoa Resort Hotel on Lantau Island, which improved the hotel's grade and barely made a profit. "Last year, we developed a total of five projects, one of which was a small urban complex in Yuen Long. The entire construction period was two years. The residential building has been completed, and the shopping mall and hotel will be roughly completed by the end of next year."

"The other two are hotels in Sai Wan and North Point. The main construction period is set at one year, but the renovation and opening will have to wait until the first half of next year."

The Whampoa Group's loan is HK$10 billion, with funds coming from loans from major banks in Hong Kong. Although Pier 4 and property rentals are profitable, it is nowhere near the end of the road to repaying the loan.

This does not include the construction loan of Huangpu City. Fortunately, the market value of Huangpu Group has now reached 17 billion Hong Kong dollars, and it is not insolvent.

These businesses did not leave any surplus, and Huangpu Group only had two of its most profitable projects.

Hao Qingwen continued his report, saying, "Last year we also developed Tung Tsui Court in Shau Kei Wan, which is a high-rise apartment building with 16 floors. A total of 12 residential buildings were built."

"It includes 1317 residential units, with unit areas ranging from a minimum of 668 square feet to a maximum of 1210 square feet, with a price per square foot ranging from 312 to 358 yuan, and an average price of 31.2 yuan per unit. So far, 3.46 million yuan has been raised."

There are only a few remaining houses in Shau Kei Wan that have not been sold, but there are only a few hundred units left.

Fortunately, when developing this real estate project last year, we used all our own funds without any bank loans.

There is also a parking company, which has generated monthly operating income of HK$400 million since its opening, and has also brought more than HK$5 million in revenue to the Whampoa Group.

Of course, Huangpu Trading also contributed several million in revenue a year, as well as port income, all of which was only enough to pay the interest on the Huangpu Group's loan.

Therefore, the Whampoa Group's annual cash reserves are approximately HK$4 million and hundreds of unsold properties.

Of course, the shareholder dividends of HK$3763 million must be deducted, and the remaining funds will be invested in the next wave of project construction.

As for Whampoa City, it has an independent budget. The funds recovered from the residential buildings developed in the early stage can only barely maintain the development progress. It is planned that the debt will be around HK$500 million after the entire project is completed.

"Well, what about the development plan for next year?"

"We still have three projects planned for development this year. The first one is located on Castle Peak Road in Tsuen Wan. The land is next to the sea and faces Tsing Yi Island across the sea."

“Taking into account the purchasing power of Tsuen Wan, two phases of development are planned, with the first phase having six residential buildings and the second phase having seven residential buildings.”

"Since the local infrastructure is relatively backward and there is no commercial street, a shopping mall was designed on the ground floor of two residential buildings."

Liu Zhicheng opened the project document and took a look. The project was tentatively named Tsuen Wan City Garden.

The second project is located on Hatton Road in Sai Ying Pun at the foot of Lung Fu Mountain. It is a mid-mountain location next to Hong Kong University and has a very beautiful scenery.

Huangpu Group has designed two high-end apartments here, specifically for high-income elites. The project is tentatively named Link Tower.

Liu Zhicheng likes to develop this kind of high-end boutique apartments because of their super high profits and hot sales, which can be sold out instantly once they are put on the market.

"The sales period of this property can be appropriately extended, earning us more profits," said Liu Zhicheng.

If you hold on to your house for one more month now, you will make more profit. This wave of real estate will take 80 years to reach the first peak, so there are still several years to go, so there is no need to worry about not being able to sell it.

Hao Qingwen continued to report: "The last project is located in the warehouse at Kwun Tong Pier. It is just a little small and is planned to be developed into an industrial building and sold as a whole."

Liu Zhicheng took a look at the plan. Hao Qingwen had already asked his architects to start working on the design plan.

Liu Zhicheng asked: "How much development funds are you going to use for the three real estate projects you are planning this year?"

Hao Qingwen handed over a budget and said, "The budget is 250 million Hong Kong dollars, which is more than enough with the current cash reserves."

It is popular for real estate companies in Hong Kong to sell pre-sale properties. With the current hot property market in Hong Kong, it doesn’t matter if you don’t have enough funds. It is easy to raise funds.

Liu Zhicheng's hands began to knock on the table again, and after thinking for a while, he said, "You mean there is still a surplus of 1.5 million Hong Kong dollars in the funds. Put this money in the account first and don't touch it. I may need to borrow it."

Although this kind of lending is against regulations, Liu Zhicheng can pay some interest. If that doesn't work, he can just take out 200 million yuan as forced dividends.

Of course, these will not be told to Hao Qingwen for the time being, after all, we are just raising reserves at the moment.

Liu Zhicheng felt that this meeting was very easy. Hao Qingwen handled all official business in an orderly manner and he didn't need to make any decisions at all.

This may be related to the fact that Huangpu Group has developed too few real estate projects. If we put Huangpu City aside, the current real estate development volume of Huangpu is only at the scale of a small real estate company.

Although Huangpu has fewer projects, it does not affect the revenue of Huangpu Group because every developed property is located in a prime location.

If the property is not hoarded or sold at a high price, the property can be sold out quickly as soon as it is launched, so the profit is still quite high.

The Chinachem Group, which has been operating in the countryside of the New Territories, is one of the top ten real estate developers in Hong Kong and develops at least six real estate projects simultaneously every year.

However, all the properties they developed were located in new towns such as Yuen Long and Tuen Mun in the New Territories. As for the profits from the properties, they were not as much as those from the three developed by Whampoa Group.

So, this is one of the reasons why Li Chaoren has always wanted to set up a foothold in Central.

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(End of this chapter)