RPAGF Chapter 361 Auction
Chapter 361 Auction
Jiang Tiansheng was not intimidated and responded, "What, Mr. Huang, do you want to see me in court? I'm ready to fight to the end. I believe the law will uphold justice and will not favor any monopolistic behavior."
Huang Yulang was so angry that his face turned red. He glared at Jiang Tiansheng and got up and left.
Jiang Tiansheng watched Huang Yulang's departing figure, shook his head, and got up to leave the teahouse, returning to his office at the Paramount Company.
Upon entering the office, he instructed his assistant: "Bring me all the information on high-end residential buildings and land transactions in the Mid-Levels area."
The documents were quickly presented to Jiang Tiansheng, who began to study them intently, paying particular attention to the information regarding the property site at 1a Diligende. After a while, he summoned the company's real estate project team.
“I have an idea regarding the bidding for the property site at 1a Dilligande. We are prepared to bid with a 25% premium,” Jiang Tiansheng said bluntly.
The team members all looked surprised when they heard the decision. One of them couldn't help but say, "Mr. Jiang, this premium is a bit too high, and the risk is huge. We need to consider this carefully."
Jiang Tiansheng nodded and continued, "I know the risks are high, but the rewards could also be higher."
Furthermore, I intend to propose a plan to give 30% of the project's profits to the land company.
"Huh? Giving away 30% of the profits? Mr. Jiang, isn't that too risky?" another member questioned.
"Please be patient, everyone, let me finish. At the same time, we need to sign a performance-based agreement with the land company to ensure the interests of our Paramount Company. Although this plan is extremely risky, I think it's worth a try," Jiang Tiansheng explained patiently.
The team members began to whisper among themselves, weighing the pros and cons of the plan.
"President Jiang, we need to carefully study how to sign this betting agreement, otherwise we may find ourselves in a passive position."
An experienced member offered this advice.
“That’s right. You guys go and communicate with the legal team on this matter, and make sure to draft a performance-based agreement that is favorable to us. Is everyone confident in completing this task?” Jiang Tiansheng looked at everyone.
"Yes!" everyone answered in unison.
“Okay, then proceed according to plan. Report any problems to me immediately,” Jiang Tiansheng said.
That evening, in a high-end residential area in Causeway Bay, Jiang Tiansheng saw Li Zhi sitting on the sofa, looking aggrieved.
Upon seeing Jiang Tiansheng return, she immediately said, "Mr. Jiang, I work at Zhao'an Real Estate Company, and lately I keep hearing gossip from my colleagues. It's so annoying."
Jiang Tiansheng asked, "What did they say?"
"It's just some nonsense, talking about you and me... Anyway, it's affecting my work mood," Li Zhi muttered.
Jiang Tiansheng thought for a moment and said, "How about this, I'll transfer you to work at Paramount Company, so you won't have to suffer at Zhao'an Real Estate."
"Really? That's great!" Li Zhi perked up immediately.
"Oh, by the way, Guan Jiahui came to see me today," Li Zhi added.
"What does she want from you?" Jiang Tiansheng asked.
"She warned me that there was no future for us and told me to stay away from you," Li Zhi said angrily.
"Don't pay attention to her, she's just worrying unnecessarily. I'll handle these things. Don't let this affect your mood," Jiang Tiansheng comforted Li Zhi.
"Yes, I understand. However, Mr. Jiang, I'm still a little worried," Li Zhi said.
“What are you worried about? I will take responsibility for you. Here’s what I’ll do: I’ll buy you two residential units in Causeway Bay, and you won’t have to worry about housing anymore,” Jiang Tiansheng said.
"Really? Mr. Jiang, you're so good to me." Li Zhi smiled happily.
"Come on, I'll take you to buy some gold jewelry now to calm your nerves," Jiang Tiansheng said, pulling Lizhi out the door.
The two went to a jewelry store and selected several expensive gold pieces.
Li Zhi was overjoyed, a happy smile spreading across his face. After buying the jewelry, the two returned to their residence and went into the bedroom.
The following morning, Jiang Tiansheng went to the Hysan Place building in Causeway Bay to attend a board meeting of the Hong Kong and China Gas Company.
He replaced Li Fushu as the new director.
Inside the meeting room, John Madden, Chairman of Wheelock & Co., Li Ka-shing, Chairman of Hutchison Whampoa, Koch, Chairman of Junyi Warehouse Group, and Li Mingze of the Li family were all present.
Wheelock and Company Chairman John Madden stood up and introduced Jiang Tiansheng to the crowd as he walked in:
"Ladies and gentlemen, let me introduce you. This is Jiang Tiansheng. Starting today, he will replace Li Fushu as the new director of our Hong Kong and China Gas Company."
Li Jiacheng smiled and extended his hand to Jiang Tiansheng: "President Jiang, welcome to the company."
I've heard that your collaboration with Cheung Kong Holdings is going very well.
Jiang Tiansheng grasped Li Jiacheng's hand and replied, "Mr. Li, you flatter me. I hope you will all take good care of me in the future."
Everyone nodded in agreement. The meeting officially began, and John Madden spoke first:
"Today we will mainly discuss the funding issues for the Taikoo Shing project in eastern Hong Kong Island."
There's a significant funding gap for this project right now. What are your thoughts?
Kou Cha, chairman of Junyi Warehouse Group, said, "How about we transfer some funds from other projects in the company?"
Li Jiacheng shook his head. "Other projects are also at critical stages, and diverting funds may affect the project progress."
I think we could consider taking a portion of the company's profits.
Everyone then began to discuss the matter, expressing their own opinions. Jiang Tiansheng listened attentively and offered his own perspective when appropriate.
After some discussion, everyone decided to take out 3000 million yuan of profits from the company's accounts and distribute them as dividends to support the Taikoo Shing project.
Jiang Tiansheng's main purpose in attending the meeting was to expand his social network in preparation for the acquisition of Hong Kong and China Gas Company.
During the meeting, he noted that Wheelock was still increasing its investment in ships.
After selling Paramount, using the proceeds to acquire Wheelock's stake in Hong Kong and China Gas Company might be a good plan.
After the meeting, Jiang Tiansheng exchanged a few words with the directors before rushing back to Paramount Company.
On August 18, Kang Wenyi walked into Jiang Tiansheng's office with an excited look on his face: "President Jiang, good news!"
The entire AXA Centre building in Wan Chai has been sold, bringing our company a return of HK$6800 million, including a profit of HK$3750 million.
"Good job, well done." Jiang Tiansheng nodded approvingly. "What about the Weiji Building?"
How are the negotiations with Pocky Realty going?
"The highest offer they've made for the Wei Kee Building is currently 1.41 million yuan," Kang Wenyi reported.
After thinking for a moment, Jiang Tiansheng said, "Let's raise our offer to 1.43 million yuan and see how they react."
“Okay, Mr. Jiang. However, after we sell the Wei Kee Building, the company's cash balance will decrease.”
"The Century Tower project still requires a lot of funding, and you think about that..." Kang Wenyi said with some concern.
“I know that. Let’s take it one step at a time. By the way, I heard there’s been some internal reaction within the company to the news of selling Paramount?” Jiang Tiansheng asked.
“Yes, Mr. Jiang. Some of the employees are feeling uneasy,” Kang Wenyi replied.
Jiang Tiansheng nodded. "The news is true. But don't worry, I've already reached an agreement with Chinese Estates Holdings Limited; they won't be laying off any employees. Go and reassure the staff."
“Yes, Mr. Jiang,” Kang Wenyi replied.
“Also, I’m considering bringing you to the new company. But you have to do me a favor: acquire the Weiji Building for 1.45 million yuan, as a pledge of loyalty. Are you confident?” Jiang Tiansheng said, looking at Kang Wenyi.
.........
Kang Wenyi puffed out his chest. "President Jiang, rest assured, I am confident that I can complete the mission."
"Okay, go ahead and get busy. Report to me immediately if anything comes up," Jiang Tiansheng said.
Shortly after Kang Wenyi left, Su Qishan hurriedly entered the office:
"Mr. Jiang, I just received news that Huaxia Bank has acquired the Murray Road parking lot in Central for 10 billion yuan."
Jiang Tiansheng nodded. "I know. Originally, this project had a lot of room for price increases, but now it seems that the possibility of a significant price increase in the short term has decreased."
"Yes, Mr. Jiang. If our Paramount Company holds this project long-term, we may suffer heavy losses if the market turns bad."
"We might have to hand over all our previous achievements to Chinese Estates Holdings," Su Qishan said worriedly.
Jiang Tiansheng pondered for a moment, "We can't take this risk. Let's abandon that high-risk bidding proposal from before."
We'll switch to a standard premium pricing strategy, planning to bid with a 20% premium. Let's not set our targets too high; a small profit will suffice.
“Okay, Mr. Jiang. I’ll arrange for the team to revise the bidding proposal right away,” Su Qishan replied.
"By the way, is there any other news lately?" Jiang Tiansheng asked.
"Mr. Jiang, there's something you need to hear. The stock price of an industrial company called Hongpu Chemical has recently skyrocketed."
"It has surged by 180% in a short period of time, and I heard that it is backed by investment from overseas consortia," Su Qishan reported.
“Oh? The stock price has risen so much? There’s probably something fishy going on here,” Jiang Tiansheng said.
"I think so too, Mr. Jiang. I suspect this might be the company owner's way of cashing out quickly."
"If the stock price subsequently plummets, our Paramount Company might be able to acquire its property at a low price," Su Qishan analyzed.
Jiang Tiansheng's eyes lit up. "That's interesting. Keep an eye on Hongpu Chemical's stock price."
Additionally, investigate the specific individuals manipulating the stock price to see what's really going on behind the scenes.
"Okay, Mr. Jiang, I'll take care of it right away." Su Qishan said, then turned and left the office.
Meanwhile, the Hong Kong government held its first government land auction of the second half of the year.
The auction was packed with people, including representatives from several large real estate companies such as Sun Hung Kai Properties and Sino Land.
As a newcomer to the real estate industry, Jiang Tiansheng deliberately chose a corner seat to sit down and quietly observe the auction process.
The auction began, and the host went on stage to introduce the first plot of land: "Ladies and gentlemen, the first plot of land to be auctioned today is located on Booth Road in Jardine's Lookout."
The property measures 3.7 square feet and has a starting bid of 1800 million yuan. Bidding is now open.
No sooner had he finished speaking than someone raised a sign.