I Want To Be a Rich Man on Hong Kong Island
Chapter 619: [Buildings near Admiralty Station]
Chapter 619 [Buildings near Admiralty Station]
Wu Guangyao overestimated the appetites of the Madden family and the Zhang Yuliang family. Hearing that the Wu family offered 1.8 billion Hong Kong dollars to purchase the Federal Building and the International Building, Wheelock immediately agreed;
There was no bargaining during , which shows that Wu Guangyao's price is so high!
Of course, Wu Guangyao is not at a loss;
Notice that within half a year, the prices of these two buildings can rise to more than HK$2.2 billion.
Then again, there is another very important reason why Wu Guangyao offered the price of 1.8 billion Hong Kong dollars:
At the beginning of this month, Chen Qingsong’s Carrian Group acquired Land’s Golden Gate Tower for HK$998 million;
This transaction is the world's highest record of a single building transaction, and it has completely ignited the real estate speculation on Hong Kong Island;
So, if you don't give a high quotation, Wheelock may be up for sale!
Federal Building is located at 71 Des Voeux Road Central, next to the Hong Kong Club Building (Wu’s owns half of the equity), and the Hilton Hotel (Hutchison Whampoa Assets, the former Cheung Kong Headquarters) separated by Chater Road and Chater Garden.
International Building is located on Cotton Tree Drive in Central, not far from the Bank of China Building in the previous life, and its geographical location is also quite good.
Federal Building
Wharf Real Estate is signing a property sale contract with Wheelock Group;
With Wu Guangyao and Long Feifengwu signing his name on the paper, Wharf Real Estate acquired two more buildings in Central.
The transaction was completed, and John Madden said in a complicated mood: "Mr. Wu really loves the commercial buildings on Hong Kong Island!"
John Madden was jealous of Hong Kong’s real estate industry, but he was worried about following in the footsteps of Yihe (In 1950, the mainland confiscated the assets of Yihe.)
Not believing in the mainland government is the root cause of the Madden family’s final defeat!
Wu Guangyao said with a smile: “It’s just a normal investment. I have made a lot of money overseas, so I have to find a way out for the capital!”
Seeing Zhang Yuliang being silent on the side, Wu Guangyao joked: "The Zhang family is really low-key. The people of Hong Kong Island would never have thought that there is such a wealthy family on Hong Kong Island!"
Zhang Yuliang's face blushed, and he quickly said: "Mr. Wu is serious. People on Hong Kong Island who are richer than me do not know how many people are. How dare I claim to be wealthy!"
In his previous life, in 1985, Li Chao, the manpower of the ship king Bao Yugang, was ranked by Forbes as the richest Chinese in Asia for the first time. The Li family also became the first family in Hong Kong.
But in a reporter interview, Li Chaoren publicly stated that he was just the richest man in the face;
In Xiangjiang, his assets exceed his can be more than a palm.
Although this may be a bit exaggerated, in Xiangjiang, invisible rich people are everywhere, and Zhang Yuliang is one of them;
In the previous life, if the Wheelock War broke out in 1985, most Hong Kong people would have never imagined that the largest shareholder of Wheelock, one of the four largest British-owned foreign firms, was actually a Chinese family.
The Zhang family has been doing business in Xiangjiang since the beginning of the 20th century. It started by selling western medicine and began to get involved in real estate in the 1950s;
In 1962, Zhang Yuliang, the fourth son of the Zhang family, used family funds to build two buildings in the Central District-Federal Building and International Building.
In the 1960s, a Chinese family was able to buy two plots of land in the core area of Central, and then build two buildings with their own funds;
The Federal Building is the tallest building in Hong Kong at that time (previous life), and the strength of the family can be seen;
Bao Yugang, the king of the ship, estimated that he did not have this ability in that year. It is not an exaggeration to say that it was the first Chinese family in Hong Kong at that time.
But this kind of family, this kind of big investment, because they used their own funds, the media and ordinary people at that time did not know their existence, and their low-key behavior was amazing.
Later, Zhang Yuliang sold two buildings to the Madden family’s Federal Real Estate in exchange for his shares. By 1970, Zhang Yuliang held more than 77% of the Federal Real Estate shares.
From 1970 to 1972, the Zhang family went public again and exchanged shares in Wheelock with Federal Real Estate, Mid-Levels Meidao, Garden Terrace and other properties. At its peak, the Zhang family held up to 40% of Wheelock's shares. The Madden family, the Wheelock family holding family, has less than 20% of the shares.
The Zhang family is contrary to the Madden family. The Zhang family is extremely low-key, as long as its flesh (real), not its shell (name).
And John Madden is so happy, as long as the name, regardless of the truth, cooperate with each other to form a perfect balance.
Until Wheelock suffered serious losses in later generations, the contradiction broke out.
At this moment, John Madden was not optimistic about the future of Xiangjiang. When Bao Yugang slashed and landed, he still went his own way. He used the opportunity of Bao Yugang to sell at a low price to expand his fleet and spent money at several major shipyards in Europe. 100 million U.S. dollars to order new ships.
"Making money in Hong Kong, and developing overseas"-on this point, Wheelock and Jardine are exactly the same.
In order to raise funds to purchase freighters and at the same time reduce Wheelock’s assets in Hong Kong, the sale of the two federal and international buildings has become inevitable.
Zhang Yuliang did not call the Zhang family, but referred to it as ‘I’. Obviously, he thought in his heart that the wealth earned by the Zhang family over the years belonged to him, and he didn’t even think about giving it to other houses.
It’s no wonder that later generations have to go to court, and there is a lot of trouble on Hong Kong Island!
The Zhang family was formerly the family representative of the "Co-Living and Sharing Wealth" on Hong Kong Island, that is, brothers in several rooms live under the same roof, eat together, and buy clothes together
With the quality of diligence, thrift and unity, the Zhang family created huge wealth;
But when Mrs. Guo died in 1977, the family fell apart;
The Zhang family has four brothers. The eldest son died of illness in 1959, the second son drowned in 1952, and the third son died of anger in 1979, leaving only the fourth son Zhang Yuliang.
A group of orphans and widows, there is Zhang Yuliang’s opponent;
Even how many assets the Zhang family has, this group of orphans and widows can’t distinguish;
And Zhang Yuliang believes that the Zhang family’s assets are mainly managed by him, and the credit is all his own, so he did not plan to distribute it to the houses;
The same is true. The eldest and second child died early. The third child likes public activities and art. Only the fourth child Zhang Yuliang has been running the family business.
In the previous life, the property lawsuit of the Zhang family has caused a lot of popularity on Hong Kong Island;
First, the Zhang family was suddenly revealed to have a large amount of assets, and Hong Kong Island residents shook their tongues;
Secondly, Zhang Yuliang won the lawsuit in the end, that is, the family assets were taken over by Zhang Yuliang, and the remaining three houses were not paid. Even the cost of the lawsuit was paid by the loser.
Finally, even the judges in this lawsuit took the blame and resigned. They wanted to come and get a lot of benefits, and they returned to the UK for retirement!
Seeing Zhang Yuliang’s modesty, Wu Guangyao did not continue this topic;
On Hong Kong Island, many wealthy people are very low-key, because kidnapping happens from time to time, and everyone adheres to the principle of not revealing money;
Even Wu Guangyao’s children were once planned to be kidnapped;
Of course, the result can be imagined, how miserable those people are;
Death is not terrible, the process of death will be terrible!
Although Wu Guangyao looks down on people like Zhang Yuliang, he does not have any hostile thoughts!
After taking the Federal Building and the International Building, the Wu family owned as many as 5 buildings near Admiralty Station, namely Hilton Hotel, Hutchison Building, Hong Kong Club Building, Federal Building, and International Building.
Although there are only 5 buildings, we need to know that there are currently 7 buildings in this area;
The Bank of China Building of later generations is still the Murray Building of the Victoria Barracks at this time, and it is not a building.
The HSBC Building for later generations is under construction at this time, so it can’t be counted as well.
So, at this time, the two buildings in this area are not owned by the Wu family. I don’t know what other businessmen from Hong Kong Island should think about when they come here?
(End of this chapter)