Chapter 115 Targeting CEC
On the night of the meeting with the ship charter king, Liu Zhicheng made inquiries from various sources and identified some British capital headed by Jardine Matheson, and submitted a letter of protest to the Hong Kong government under his real name.

The Hong Kong government is also currently discussing and intends to launch an investigation into the monopoly practices at Kwai Chung Port.

The next day, Liu Zhicheng came to his office in the Federal Building early in the morning and held an office meeting.

Participants in today's meeting include assistant Han Chunxi, Hao Qingwen of Whampoa Group, Tony Dank of Whampoa Group, and Yuan Tianfan.

As soon as Liu Zhicheng came to power, he informed everyone of the Hong Kong government's intentions and listened to everyone's opinions.

Hao Qingwen always supported any decision made by Liu Zhicheng, because he understood his boss's difficulties, so he was the first to stand up and say, "Mr. Liu, just let Pier No. 4 go. From now on, Huangpu Group can focus on real estate development."

Liu Zhicheng nodded to show that he understood, and then glanced at the chief and deputy chief managers of Hutchison Whampoa.

Yuan Tianfan also understood what he meant and said, "Mr. Liu, I suggest selling the Pier 5 under construction to relieve Wharf's financial pressure."

"Well," Liu Zhicheng said to Tony at this time: "Tony, tell me what you think."

Seeing this, Tony Dank couldn't keep silent any longer. He thought for a moment and said, "I agree with Mr. Yuan. The funds raised will be just right for building Harbour City Properties."

Whampoa Group’s Pier No. 4 finally attracted a British shareholder, which was just the right time for investment in the British-Style Port in the future.

Liu Zhicheng of the Wharf Group is preparing to enter the mainland's terminal construction industry. Since Wharf has many terminal properties, it can attract more partners.

But now Hutchison Whampoa is facing the sale of its terminal properties, and seeing that everyone has expressed their opinions, Liu Zhicheng has to make his decision.

"We will sell Wharf's No. 5 to the charter king to block the so-called monopoly of British capital."

After receiving the order, Tony Dank and Han Chunxi formed a team to negotiate with the ship charter king. Liu Zhicheng chose one word: "fast" because he needed a large amount of cash for investment.

After they left, Liu Zhicheng picked up another document and looked at it. It was a report on China Power.

As CLP Power had been arbitrarily raising electricity prices that year, a special investigation team was set up during Robert Black's tenure as Governor of Hong Kong to hear the electricity price issue. It was later confirmed that CLP Power had maliciously raised electricity prices.

Mr. Robert Black introduced a measure to prohibit China Power from expanding its equity and prohibiting them from conducting any financing in the stock market.

At the same time, the Kadoorie family was ordered to reduce its shareholding so that the public shareholding would exceed the Kadoorie family's holding, so that CLP would become a public company without family holdings like HK Electric.

Since Eli Kadoorie and Lawrence Kadoorie were both knights of the British Empire, they had the ability to fight against the Hong Kong government at that time. So this matter was not accomplished.

Although the Kadoorie family did not lobby the British authorities, they went to New York in 1964 and sold part of their shares in China Light and Power to the Rockefeller family.

At the same time, Exxon Energy, a subsidiary of Standard Oil, was invited to enter Hong Kong and jointly with China Light and Power built three new power plants in Kowloon and the New Territories. The total investment was as high as US$1 billion, breaking the investment record of American capital in Hong Kong.

To date, China Light and Power and Exxon Energy are still close partners. It was also at that time that American capital entered Hong Kong.

Behind the Kadoorie family is the capital of the United States. It is a super backer that even the British government does not dare to provoke.

The characteristic of Beautiful Country Capital is that it keeps a low profile and yet makes money all over the world. Many Hong Kong conglomerates have shares in Beautiful Country Capital.

Liu Zhicheng has always wanted to avenge his defeat at the hands of China Power, but now it seems to be very difficult and he must have long-term planning.

He had no choice but to instruct the investment team to slowly absorb shares of China Power from the public market, as much as they could. Liu Zhicheng had no special requirements.

A month later, Liu Zhicheng and the charter king reached an agreement on the transfer of Pier No. 5 and Swire shares.

The charter king invested HK$6 million to purchase shares of Swire Properties and HK$5 million to purchase the ownership of Pier 5, and all the outstanding funds for the construction of the terminal were borne by the charter king.

After the two parties signed the agreement, an announcement was made in the Sihui market, causing an uproar among Hong Kong citizens.

This also surprised Liu Zhicheng. After such an operation, he could theoretically recover 8.5 million Hong Kong dollars.

No wonder many mergers and acquisitions in the past liked to be forced first and then split and sold. It turns out that there was huge profit in this.

After Wharf Holdings had 500 million in funds, Liu Zhicheng gave the management of Wharf Holdings a task to build the Wharf Harbour City brand.

The current Harbour City has not been named, and the entire Star Ferry Pier site includes four building complexes.

The first is the Ocean Terminal, which opened in 1964 and is a connected building consisting of a shopping mall and an office building.

The second is the five-star Marco Polo Hotel, which opened in 1965 and is a single building.

The third is the Ocean Center which is currently under construction, which is also a combination of office buildings and shopping malls.

The last one is the Gateway Hotel, which is a group of old residential buildings standing on the seashore. It is only seven or eight stories high. The value of the land is inestimable, but the value of the building is quite low.

After the former shipping king acquired Wharf Holdings, in the mid-1980s, he demolished these old residential buildings and rebuilt the Gateway Hotel.

It was rebuilt into five Grade A office buildings and a shopping mall connected to the ground floor. After the construction was completed, the brand of Harbour City was officially named in 1987. In the future, if the Gateway office building is missing, the value of Harbour City will shrink by half.

The task that Liu Zhicheng assigned to the management of Wharf Group was to develop the Gateway office building with a budget of HK$4 million.

The Wharf Group plans to build six Grade A office buildings, all of which are 38 stories high. In fact, the original site of the Gateway Hotel is only large enough to build five high-rise buildings.

However, Liu Zhicheng purchased an old cinema next to the Harbour City from Kowloon Development, so there was one more office building than before.

Time quickly came to March.

The hot weather has not affected the hot real estate market in Hong Kong. Property scalpers are even more crazy nowadays. In order to obtain the qualification to buy a house, the sales office is packed with people.

The sales office was packed with people, and it seemed as if Jianzhi’s houses were free.

Because in many popular communities, a home purchase qualification can be sold for several thousand Hong Kong dollars, which is enough to earn an office worker's income for half a year.

The craze in real estate has caused many smart people with vision to give up their jobs and join the real estate speculation angel group.

Even countless factory owners have joined in, working hard in the industry for a year but making more money by speculating in real estate is not as good as doing so.

Liu Zhicheng is going to conduct an on-site inspection of the real estate projects under the Huangpu Group.

The next day, he asked Hao Qingwen to accompany him. He wanted to inspect all the projects developed by Huangpu Group this year.

At the beginning of the year, Huangpu Group planned and developed three projects.

The first project is City Garden, located next to Castle Peak Road in Tsuen Wan, which includes two residential communities, 13 residential buildings and a shopping mall.

City Garden has 12 residential buildings, each 1127 stories high, with a total of 789 units, of which have been sold so far.

单位面积由最小616尺至最大828尺不等，每尺售价在380块至420块之间，每单位均价是28.9万港币，共回笼了2.28亿港币资金。”

Due to its geographical location, it is far away from the bustling commercial district of Kowloon and is not particularly popular among property owners.

The second one is located on Hatton Road in Sai Ying Pun, Central and Western District. It is a high-end apartment in Mid-Levels, backed by Lung Fu Mountain. It is called "LinkedIn Court" and is specially provided for elites to live in.

The price of LinkedIn Court is nearly twice as expensive as that of City Garden in Tsuen Wan, but the housing is extremely popular, and there are even real estate speculation groups that specifically target it.

Due to the small area of ​​this site, only two 28-story apartment buildings were built. However, as it is close to Hong Kong University and located in a prosperous urban area, they were all sold out within just half a month after they were launched.

When Liu Zhicheng and his party arrived at Lingying Pavilion, Hao Qingwen, who was standing nearby, introduced: "Two high-rise apartment buildings, a total of 336 residential units."

“每间单位的面积介于980尺到1230尺，每尺售价620块到680块，每单位均价79.1万港币，回笼资金2.65亿港币。”

Liu Zhicheng nodded as he listened, expressing his satisfaction.

Hao Qingwen is still as capable as ever. Just eight months into this year, the two residential building projects have been completed.

The last project planned by the Whampoa Group was an industrial building located at Kwun Tong Pier, which only consisted of a 20-story building.

Now that Huangpu Group has money, it plans to own the project and rent it out to collect rent.

These three properties brought in a total of HK$4.93 million in cash, and the Whampoa Group did not use any bank loans.

The development of these properties used last year’s reserve funds, so the proceeds are pure profit.

In the afternoon, Liu Zhicheng and his party arrived at Huangpu City. What caught their eyes was the sales office surrounded by many people. Crowded people were queuing in the S-shaped iron frame partition.

Not far away, under the shade of a tree, Liu Zhicheng drank some water and asked, "What is the current housing price in Huangpu City?"

"For a good house type, the price is about HK$600 per square foot. Only some units are in poor condition and will be sold to the group's insiders at a preferential discount. The price is about HK$450." Hao Qingwen answered without thinking.

Huangpu City is now the group's largest source of revenue. Apart from ports, trade, parking and other businesses, all others are making way for this large residential area. Hao Qingwen is naturally well aware of the price involved.

"The current price is almost 2.5 times what it was three years ago," Liu Zhicheng nodded.

In 75, the real estate market had just recovered from the crisis. At that time, even Taikoo Shing in Hong Kong Island cost only HK$ per square foot. Properties in Hung Hom were relatively cheaper. Now the prices have doubled or tripled.

"Based on the current trend, it is estimated that it will continue to rise," Hao Qingwen continued.

"Well, just proceed according to the previous plan." Liu Zhicheng said.

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(End of this chapter)