Hong Kong's new giants
Page 491
"Hmph, I don't need you to promise anything!"
After finishing speaking, Sophie Marceau showed a smile, then turned around gracefully and walked out of the plane.
……
In London, after a day of business.
Lin Zuhui picked up Li Jiaxin, Li Zi, Monica and their children and started to fly back to Hong Kong.
Although there is a saying that 'father and son are in different boats', Lin Zuhui obviously does not have this trouble now.
Of course, he would never fly with Lin Wenjie (the eldest son), nor would he fly abroad with Wang Lingyin.
As for the other children and concubines, they are not so particular, after all, he only needs to guarantee the basic disk.
But now again, his career is so big, even if he has an accident, there will be no problem for his children to be rich for several generations.
A day of business in London is almost all about real estate, and Lin Zuhui is very happy with the overall results.
Canary Wharf’s first phase of 1200 million square feet of commercial property has been fully leased out, with a vacancy rate of less than 1%; major clients who have moved in include: HSBC, Citibank, Barclays, Credit Suisse, Lehman, JPMorgan, etc. Large institutions have become a veritable European 'Wall Street'.The second phase of 400 million square feet of commercial property is also under construction in an orderly manner. It is expected to be fully put into use in 2002. There is no problem with full lease, after all, the business has been successfully incubated.
The achievements of commercial office buildings are gratifying, and the development of shopping centers is also very good.
Amazon Shopping Center currently has eight shopping centers in the UK, six of which are obtained from British public funds in competition with Westfield Shopping Center; that is, Amazon Shopping Center has defeated Westfield in the UK shopping center.
At the same time, Lin Zuhui also got some information that Germany, the United Kingdom and other countries have successively invited bids for 3G broadband licenses around the world, and Li Chaoren and several consortiums are preparing to do a big job.
In this regard, Lin Zuhui said that if he does not play, let Li Chaoren play global 3G, which also means that Li Chaoren will lose hundreds of billions of Hong Kong dollars within ten years, and he will not be able to turn losses into profits until 2010.
As far as he knows, in the second half of the year, there will be another wave of Internet bubble bursting, and the telecommunications industry will also plummet.
For his telecommunications industry, he wants to use Hong Kong Telecom to successfully acquire Australia's second largest telecommunications company;
In this way, Hong Kong Telecom has completed its overseas expansion and made a geographical breakthrough.
On the plane, the family talked and laughed, and Lin Zuhui also interacted with the children. The children liked their irresponsible old man very much.
As his children, they have been flying in private jets since they were young. Although the family office manages them, they are not unfamiliar with private jets at all.
Lin Zuhui's family office, in addition to his Boeing 747, also manages three private jets, but they are all brands such as Gulfstream and Bombardier.
"When will you introduce Sophie to me?" Monica took a chance and quietly said to Lin Zuhui.
Lin Zuhui said with a smile: "You don't have to test me, she is just my visitor and won't join you! But, Monica, I really appreciate you!"
Monica embraced Lin Zuhui happily, leaned closer and said, "Then today you will be mine!"
Lin Zuhui put his arms around Monica's charming waist, feeling a completely different charm from Sophie's. Naturally, he wanted to enter Pianpian. He seemed to remember that the two women had worked together in their previous lives. The photos made men yearn for it very much.
"No problem! But Monica, why are you helping me?"
Monica smiled and said, "I'm playing hard to get!"
Good guy, this woman has become a Chinese master now, and she can even learn idioms.
"This is called capture!"
Good BIG!This is called a woman!
"What about it?"
"Let the horse relax and hire...see the move"
……
In early July, 7 legal persons including Japan Sogo Co., Ltd. (the parent company of Sogo Department Store) applied for the Civil Rehabilitation Law (the first case after the law was passed), and officially declared bankruptcy.Its liabilities amounted to 22 trillion yen.On the same day, the Tama branch began to apply for special liquidation, and more than half of the branches began to close.
When the news reached Hong Kong, there was an uproar.
Since 1997, Japan’s Yaohan Department Store and Hisamitsu Department Store have gone bankrupt one after another. The Japanese-owned department stores that dominated the Quartet in the early years have already begun to go into ruin; the current bankruptcy of Sogo Department Store has completely confirmed this point.
You must know that in the 80s and [-]s, Japanese-funded department stores beat Hong Kong's established department stores Xianshi and Wing On to nothing, and Chinese-funded department stores sold themselves to escape the catastrophe.
Today, under the impact of shopping malls, traditional department stores also appear to be doomed.
However, Sogo Department Store in Hong Kong has a different performance. It is located in the core area of Causeway Bay. , In 35, both turnover and net profit began to grow, and the performance was outstanding.
Therefore, the parent company of Sogo Department Store closed down and started the regeneration process, so Hong Kong Sogo Department Store could not be alone, and it may sell itself to pay off the debts, so some chaebols in Xiangjiang also have their hands in it.
New Era Group.
"boss"
"Well, sit down!"
Lin Zuhui pointed to the sofa and asked He Yonghang, the head of retail business of New Times Group, to sit down.
"Well, I want you to form a department store department!"
He Yonghang immediately reacted and asked: "The boss means to fight for the Sogo Department Store in Causeway Bay, Hong Kong?"
Lin Zuhui nodded. The retail department of New Times Group - Times Retail currently has two brands - the supermarket Yonghui Supermarket and the convenience store Cistol; the development of these two brands is not bad. Xiangjiang formed a third of the world.
At the same time, these two brands have successfully entered the mainland for many years, occupying a place in the mainland retail field.
This is due to Lin Zuhui's understanding of mainland supermarkets and convenience stores. From the customer's point of view, Lin Zuhui is very clear about the supermarkets and convenience stores that the mainland needs; A leader in retail.
Of course, limited by the speed of opening up the retail market in the mainland, the scale is not particularly large; at present, Yonghui Superstores has a total of seven supermarkets and [-] convenience stores in Guangdong Province and Shanghai.
On the contrary, Li Chaoren's ParknShop supermarket in the mainland can only be said to be developing in a mediocre way.
Soon to enter the WTO, the retail market is becoming more and more open, and Lin Zuhui has also begun to notice this business.
In the past, he felt that retailing didn’t make much money, so it didn’t matter more or less, but now he needs the influence of the retail market, and his food and beverages need to master the terminal market.
Therefore, Times Retail will continue to make efforts.
He Yonghang said: "Okay, it's not a big problem. Times Retail is full of talented people now, and they are no strangers to the department store industry. Besides, Sogo Department Store has launched a regeneration program, which means retaining the brand..."
He was right. Even if Sogo Department Store in Hong Kong wanted to sell it, it didn't just take it as it wanted.
Although it is not necessary for New Era Group to take over Sogo Department Store, including its properties, it is a big business after all, and small profits are not worth fighting for.
However, he wanted to win this wealth for Li Jiaxin and Li Zi.
Although these two women will also hold certain US stocks in the future, they must also have some real property.
However, neither of the two girls is suitable for business, so they must be worried about entrusting the department store business to them.
Moreover, according to Lin Zuhui's understanding, if Sogo Department Store wants to sell itself, the Japanese headquarters will never hope to just sell the Sogo Building, but want to keep the department store business.
Therefore, it is impossible for the enterprises participating in the negotiation to express that they only want to buy the building.
Japan's corporate regeneration law means that the store can be 'regenerated', even if the management right is transferred out, but the signboard of Sogo Department Store is still the Japanese headquarters; in this way, they can charge management fees and export to Japan. goods.
In this way, even if someone wants to buy the property alone with a higher bid, the Japanese side will not agree.
"After you set up this department, tell me, because New Times Group is only a partner this time, and this industry is what my girlfriend wants. At that time, the two parties will jointly take over Hong Kong Sogo Department Store. After winning, we will fight for Then open a branch in Kowloon and Tsuen Wan, as well as open a branch in the mainland, and look for opportunities to go public."
He Yonghang's face remained unchanged, and he said calmly: "Okay, I will definitely deploy elite troops and strong generals to start this department store business."
That is to say, the boss may not personally handle projects worth billions or tens of billions; now, he has to personally arrange a project worth three to four billions.
He Yonghang naturally doesn't care about the boss's affairs, he just needs to complete the task for the boss.
The boss's intention is very simple. The New Times Group has a joint venture with his girlfriend, and Times Retail will participate in the management. As for whether it will go public in the future, whether or not it will withdraw from the company, that is all the boss's idea.
……
Causeway Bay, Sogo Department Store.
There are a lot of people here, and the flow of 8 people a day at its peak shows its prosperity.
Sogo Department Store in Causeway Bay, Hong Kong opened on May 1985, 5. It was located in Causeway Bay, Hong Kong, with an area of 31 square feet at that time; it was built next door in 12, doubling the area and named Jumbo Sogo. After expansion, it became the largest in Hong Kong. Department store; in November 1993, Sogo opened [email protected] on the opposite East Point Road; in July 1996, it opened the basement of Kimberly Shopping Center next door, connected to the basement of Sogo, and opened Supermart.
The step-by-step expansion of the site also shows that Sogo Department Store's business is getting better and better.
Lin Zuhui dragged Li Jiaxin to Sogo Department Store. He was dressed in casual clothes. Although he was easily recognized, it was still a bit of a cover-up.
Seeing the crowds at the door, Lin Zuhui couldn't help but sigh the prosperity of Causeway Bay, the world's number one retail street.
Of course, he owns a lot of properties in Causeway Bay. Fort Wing, Garland Centre, World Trade Center, and Excelsior Shopping Center are all well-known retail centers.
Looking up at the Sogo Building, an idea popped into his mind instantly:
As far as he knows, the Sogo Building has 19 floors, so the office building above the 11th floor can be transformed into a shopping mall again to expand the retail area in one fell swoop.
The rent of shops is definitely more expensive than that of office buildings, and Xiangjiang already has a 17-story shopping mall in Times Square as a precedent, which is obviously very suitable for renovation.
Originally, Li Jiaxin's THE ONE and New Times Group's Fort Wing were planning to build high-rise shopping malls; THE ONE's 26-story shopping center was the highest shopping center in Hong Kong; the Fort Wing's 17-story shopping center was renovated It is expected to open in 2004.
Now, with the addition of the Sogo Building (not yet sure if it can be bought), it can also be transformed into a 19-story (including basement) shopping mall (the transformation will not affect the existing retail part).
"Brother Hui, why did you bring me here? I still like IFC, after all, it belongs to our family!" Li Jiaxin said so, but her expression was very happy. After all, Lin Zuhui came to accompany her shopping in person. glory.
Lin Zuhui pointed at the Sogo Building and said with a smile, "How about I buy him and give it to you?"
Li Jiaxin's eyes changed from surprise to ecstasy, and then hung on Lin Zuhui, coquettishly said: "Wuuuu, brother Hui, you are so kind to me!"
It's one thing for her to like properties, but more importantly, she knows that she has money, but she doesn't have the channels to buy and operate some properties.
It's like Dongying Building rebuilding THE ONE shopping mall. If Brother Hui didn't exist, she would at most buy it to collect rent; even, she didn't have a channel to buy it.
And this Sogo department store is very famous in Hong Kong, and it is a retail hotspot as famous as Causeway Bay and Times Square. She is not too excited.
"Be careful, this is outside!" Lin Zuhui said with a smile.
"Ah... yes. Brother Hui, I'm so happy..."
Lin Zuhui smiled and said: "Don't be too happy, this project still has competition. But don't worry, I have asked Times Retail to set up a department store department, and we will cooperate with you when the time comes. You and Li Zi each have 30% of the shares, and Times Retail It accounts for 40%, and you pay for it yourself.”
Li Jiaxin nodded quickly and said, "Brother Hui is whatever you say, I'll listen to you!" She didn't care about sharing it with Li Zi, and she knew that Li Zi was not known in Xiangjiang, so Hong Kong people would think it was her After all, she is a socialite of the Lin family.
Lin Zuhui added: "However, don't worry about the lack of shares. In the later stage, we will develop Tsim Sha Tsui, Tsuen Wan, and even Sogo Department Store in the Mainland. It will be listed in the future, so this industry will also be worth tens of billions."
Li Jiaxin smiled like a flower, and nodded like a chicken pecking at rice.Brother Hui promised to make her a billionaire, but she is still only over 100 billion, which is still far away.
She comforted herself in her heart: "It's not that I'm greedy for money, but that I have two sons, so there's nothing wrong with fighting for it."
As everyone knows, if she wants to become a billionaire, it is easiest to invest in US stocks. Of course, this is a later matter.
When the two walked into Sogo Department Store, they felt as if they had walked into their own property, and they couldn't help but feel very excited about shopping.
Although Sogo Department Store is a Japanese-funded department store, and its brands also have many Japanese products, but luxury goods, international cosmetic brands, etc., have everything and a very complete range.
Naturally, the two couldn't avoid some shopping. During the period, many people recognized Lin Zuhui and Li Jiaxin, and there were quite a few people saying hello, but none of them hurt.
Chapter 6 Ninety [Prince of 60 Years]
Time flies, and it is August in a blink of an eye.
New Era Group.
Lin Zuhui briefly read a plan about 'Sogo Department Store', and said to Wei Mingjun, the project leader: "That's it! Now you are going to Japan Sogo Co., Ltd. to communicate with their senior management, and try to win the Sogo Department Store in Causeway Bay, Hong Kong .”
Wei Mingjun said with a little excitement: "Don't worry, the boss, I will definitely complete the task! There are four consortiums competing for Sogo Department Store in Hong Kong this time, namely Hang Lung, Amergo, New World, and our 'Calion International'. Among them Hang Lung is only willing to accept the property, and the bid is said to be quite high, but Sogo Co., Ltd. will definitely not agree. Amergo is not strong enough and has no experience in department store operations. Our only competitor is Shinsegae.”
He has been working very seriously recently, because he has been promoted, and the salary increase will still be far away!
The reason why it is a promotion is that Wei Mingjun knows about Lin Zuhui's plan after all. After Casting International wins the Sogo Department Store in Causeway Bay, Hong Kong, it will continue to develop Sogo Department Stores in Hong Kong and the mainland, and then go public.
After some operations, as long as he works without any problems, then a president of a listed company will not be able to run away.
What's more, Wei Mingjun believes that he is working for the boss personally, that is, the boss's retainer. With the boss's reputation of being generous to his opponents, he has a future in the future, which may be better than retailing in the era. The name 'Calion International' sounds like it is the name of Ms. Li and the boss. Ms. Li is the boss's confidante and is very popular.
Lin Zuhui said with a smile: "There is no need to worry about the new world, Uncle Tong will quit on his own initiative."
Wei Mingjun nodded, he knew that the boss and Zheng Yutong were good friends for many years and also business partners.
Zheng Yutong’s family holds about 1% of New Era Group’s shares, and it only invested 1 million that year, and now it is worth nearly 3 billion; Zheng Yutong has always insisted on not liquidating these stocks ([-]% at the beginning, during which there was dilution and reduction of holdings) ), it can be seen that he is optimistic about Lin Zuhui.
Zheng Yutong's family also holds about 3% to 4% of the equity of 'Media Group', with a value of nearly 60 billion.This was the investment when they bought ATV back then, but the Zheng Yutong family had already recovered the cost when they sold part of the equity to Lin Zuhui.
In Heung Kong, the competition between Lin Zuhui's family and Cheng Yutong's family is relatively small, because New World is not one of the top four 'development real estate developers (residential)'; at the same time, Cheng Yutong doesn't like to set prices high.
Because of this, Lin Zuhui calculated that Zheng Yutong would not compete with Sogo Department Store again. Of course, even if New World competes, it is impossible to compete with Sogo Department Store.
To be honest, if Lin Zuhui hadn't placed Li Jiaxin and Li Zi, he would have looked down on Sogo Department Store at all.But there was no other way, his family had no choice but to end up looking for food.
……
Liu Luanxiong met Zheng Yutong alone, and said, "Uncle Tong, what do you think about Sogo Department Store?"
Because it is a normal commercial competition, he also intends to fight for it.What's more, he knew that the competition for Sogo Department Store was not the New Era Group itself, but Lin Zuhui's confidante - Li Jiaxin, which made him a little aggrieved, and he also wanted to compete hard.
Of course, due to lack of strength and fear of offending Lin Zuhui, he planned to win Uncle Tong to compete together.
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