Hong Kong variety show: Building a century-old family, starting with Hung Hing

Chapter 344 Progress

Lin Luoqi said, "Tiansheng, you're right. I've also been thinking about whether we can expand into other businesses besides real estate projects."

Jiang Tiansheng said, "I think we can consider diversified development."

For example, we could integrate existing real estate projects with commercial operations, such as hotel or shopping mall management.

Lin Luoqi asked, "How exactly do we do it?"

Jiang Tiansheng said, "Take the shopping malls we will own in the future, for example. We can't just think about selling them."

We also need to consider how to operate the mall, how to attract tenants, and how to increase its value.

The same applies to hotels; from site selection to operation and management, everything needs careful planning.

Lin Luoqi thought for a moment and said, "Okay, Tiansheng, that's a good idea. I'll go back and study it carefully."

By the way, what are your plans regarding your trading in Kowloon Motor Bus Company shares?

Jiang Tiansheng said, "According to the plan, Zhang Taotao will continue to sell above 7.5 yuan tomorrow."

However, the market changes quickly, so we have to be adaptable. By the way, if there are any new developments with your family, let me know immediately…”

Lin Luoqi replied, "Okay, Tiansheng."

On the second day after the Kowloon Motor Bus takeover case broke out, Chiang Tin-sing arrived at Sun Hung Kai Securities Company early in the morning.

He was preparing to deal with the remaining Kowloon Motor Bus shares he held. He approached Bai Jinyan and directly expressed his thoughts.

Jiang Tiansheng said, "Ms. Bai, today I plan to sell the remaining Kowloon Motor Bus shares I hold at a price of no less than HK$78. Do you think that's feasible?"

Bai Jinyan thought for a moment and replied, "Mr. Jiang, it depends on the stock's performance today."

The market situation is complex, and I cannot guarantee that I can sell at the price you mentioned.

Jiang Tiansheng was always worried that Sun Hung Kai Properties lacked the determination to engage in a fierce takeover battle with the Lei family.

He said, “Ms. Bai, I understand that the market is volatile. But once the stock price reaches my expected price, we will quickly sell and take profits. I don’t want to take too much risk.”

Bai Jinyan nodded and replied, "Okay, Mr. Jiang, I will keep a close eye on the stock price trend."

After the stock market opened, Kowloon Motor Bus Company's share price climbed steadily, quickly reaching HK$8.

Jiang Tiansheng stared at the screen, ready to issue a sell order at any moment.

But at that moment, Sun Hung Kai Properties suddenly held a press conference, claiming that they were merely making an investment in Kowloon Motor Bus Company.

It wasn't an acquisition. As soon as this news came out, the stock price changed and eventually stabilized at 8.3 yuan.

Upon seeing this situation, Jiang Tiansheng judged that the stock price would most likely plummet in the afternoon.

He immediately instructed Bai Jinyan: "Ms. Bai, the situation has changed. I expect the stock price to drop sharply this afternoon. You must complete the sale before 3 p.m. and then transfer 500 million yuan of it to the Paramount Company account."

Bai Jinyan replied, "Okay, Mr. Jiang, I'll arrange it right away."

In the HSBC trading hall, Jiang Tiansheng was also watching the progress of the stock sell-off.

With Bai Jinyan's operation completed, Jiang Tiansheng successfully recovered 857.456 yuan.

This calculation showed a profit of 380 million yuan, with a return rate of nearly 80%. Jiang Tiansheng then instructed Zhang Taotao:

“Zhang Taotao, transfer 440 million yuan of the recovered funds into my personal account. With the remaining funds, help me buy shares of Hutchison Whampoa.”

Zhang Taotao asked, "Mr. Jiang, are you sure you want to buy Hutchison Whampoa shares?"

Jiang Tiansheng said, "I'm sure. Do as I say."

Zhang Taotao replied, "Okay, Mr. Jiang."

After handling the stock sales and new stock purchases, Jiang Tiansheng went to Huoduoli Company to discuss the acquisition plan of Zhaoan Real Estate Company with Liang Botao.

Jiang Tiansheng asked, "Mr. Liang, how is the acquisition plan for Zhao'an Real Estate Company progressing?"

Liang Botao said, "Mr. Jiang, we are currently facing a tight budget for the acquisition, and there are fewer and fewer scattered shares of Zhaoan Real Estate Company on the stock market. If we make another acquisition, it will be easy to expose our acquisition intentions."

Jiang Tiansheng thought for a moment and then offered his idea: "Mr. Liang, I have an idea."

We'll use Zhao'an Real Estate Company's stock as collateral to get a 1200 million yuan loan from the bank. That should be enough to complete the acquisition. What do you think?

After thinking for a moment, Liang Botao nodded and said, "Mr. Jiang, this plan is feasible."

However, once we hold more than 40% of the shares, it would be best to promise some benefits to Zhao Qicheng, the second largest shareholder of Zhaoan Real Estate Company.

Gaining his support will be beneficial for our subsequent acquisitions and company operations.

Jiang Tiansheng said, "Okay, Mr. Liang, we'll do it your way. Once we've proceeded according to plan, you can tell me in detail what to do then."

After leaving Huoduoli Company, Jiang Tiansheng returned to Dehe Real Estate Company. He had barely sat down when Lin Luoqi arrived.

Lin Luoqi said, "Tiansheng, I have something to tell you. My older brother has been kicked out of the management of Jide Real Estate Company."

However, my father, Lin Zuhui, is still considering potential managers for Kidd Properties.

Jiang Tiansheng guessed, "Mr. Lin, regarding Jide Real Estate Company, I think your father, Lin Zuhui, might hire a professional manager to run it, and it's not necessarily going to be your responsibility."

Lin Luoqi asked, "Tiansheng, why do you say that? I've put a lot of thought into this."

Jiang Tiansheng explained, "Look, your father still retains Lin Luoxun's position as a director of Kidd Properties."

This shows that he still hopes his eldest son will take over the company. Therefore, succeeding Lin Luoxun will be quite difficult.

Lin Luoqi sighed: "Sigh, I thought it might turn out this way, but I'm still not willing to accept it."

Jiang Tiansheng continued, "Mr. Lin, I suggest you keep a low profile for now and focus on running Yiren Real Estate Company."

There's no need to create unnecessary conflict over Kidd Properties.

If your father changes his mind someday and wants you to take over, he will naturally come looking for you.

Lin Luoqi thought for a moment and said, "Tiansheng, you're right. I'll focus on running Yiren Real Estate Company well first, and we can talk about the rest later."

After discussing Jide Real Estate Company, Jiang Tiansheng shifted the topic to Dehe Real Estate Company's next project.

Jiang Tiansheng said, "Boss Lin, I plan to have Dehe Real Estate Company hype up the commercial buildings in Wan Chai."

Specifically, I want to acquire a 50% stake in the Kashima Tower under Zhaoan Real Estate Company, and then transfer it back to Zhaoan Real Estate Company to profit from the transaction.

Lin Luoqi asked, "Tiansheng, this plan sounds good, but will it be easy to implement?"

Jiang Tiansheng said, "The first step I've taken is to have Su Qishan investigate whether Sante Industrial Company has any intention of selling its stake in the Lushima Building."

Su Qishan said that Sante Industrial Company has expansion plans and may need funding, which presents a good opportunity for us to negotiate.

Lin Luoqi nodded: "Okay, I hope this project can proceed smoothly."

By the way, are there any other noteworthy projects in the market?

Jiang Tiansheng said, "Sino Properties is preparing to sell the Nanyang Centre shopping mall in Tsim Sha Tsui East."

I asked Su Qishan to try and take over a floor of the shopping mall, with a budget of no more than 700 million yuan.

However, there is still a big problem: I want to acquire the Peak Tower in Sheung Wan, which will require a lot of funds.

Even if we take out a loan for half, we still need to prepare nearly 2000 million yuan in cash, which puts considerable financial pressure on us.

Lin Luoqi said, "Tiansheng, if you need any help with funding, just let me know."

Jiang Tiansheng said, "Okay, Mr. Lin, if you really need it, I will definitely not be polite."

After his meeting with Lin Luoqi, Jiang Tiansheng returned to Dehe Real Estate Company. He found Su Qishan and inquired about the progress of the investigation.

Jiang Tiansheng asked, "Su Qishan, is there any news from San Tai Industrial Company regarding the rights and interests of the Kashima Building?"

Su Qishan said, "Mr. Jiang, I'm contacting them. From what I understand, they do have expansion plans and are facing financial difficulties."

However, they have not yet explicitly stated whether they will sell their stake in the Kashima Tower.

Jiang Tiansheng said, "We'll continue to follow up and try to find out what they're thinking. Also, how's the progress at the Nanyang Centre shopping mall in Tsim Sha Tsui East?"

Su Qishan said, "Mr. Jiang, I have already contacted Xinhe Real Estate Company and we are discussing taking over a floor of the shopping mall. However, they are quite insistent on the price and some terms, and we are still at an impasse."

Jiang Tiansheng said, "Regarding the price, don't exceed the budget of 700 million yuan."

We should try to negotiate terms that are as favorable to us as possible. Please report any developments to me promptly.

Su Qishan replied, "Yes, Boss Jiang."

After get off work, Jiang Tiansheng returned to his home in North Point.

The family sat around the dining table, preparing for dinner.

Jiang Tiansheng asked Luo Qixing, "Qixing, have all the equipment from Kowloon Bay been moved to North Point?"

Luo Qixing said, "Tiansheng, everything is arranged and moved over."

At this moment, Luo Zegui spoke up: "Qi Xing, you have to pay Tian Sheng 1 yuan every month for the previous debts."

Jiang Tiansheng continued, "Uncle Luo, I'd like to talk to you about the company's profit distribution."

I think we should divide the company's profits into three parts: one for you and Lin Ya, and one for me and Qi Xing.

This is my way of supporting my family.

Luo Zegui, who always upheld the principle of fairness, said, "Tiansheng, isn't this a bit unfair?"

The company has always been a collaborative effort, and your way of distributing the profits…”

Jiang Tiansheng quickly explained, "Uncle Luo, you and Lin Ya have sacrificed so much for this family."

Besides, you helped a lot when the company encountered difficulties before. I just wanted to express my gratitude...

Luo Zegui remained silent for a moment. Lin Ya whispered from the side, "His father, Tiansheng means well. Let's listen to him." Luo Zegui looked at Lin Ya, then at Jiang Tiansheng and Luo Qixing, and finally nodded.

"Alright, since you all say so, let's do as Tiansheng says."

Jiang Tiansheng knew that although Luo Zegui and Lin Ya had different views on money, their starting point was the same: to maintain harmony and fairness within the family. He was very grateful for his family's understanding.

In business, Jiang Tiansheng's plans were gradually unfolding. That day, Lin Luoqi approached Jiang Tiansheng, his face beaming with excitement.

Lin Luoqi said, "Tiansheng, my father, Lin Zuhui, has appointed me as the manager of Jide Real Estate Company!"

Upon hearing this, Jiang Tiansheng was not as excited as Lin Luoqi. He reminded him, "Boss Lin, don't be too happy yet."

Lin Luoxun is still a director of the company, and he holds a considerable number of shares. He could make a comeback any day.