Chapter 1033 Refusal to cooperate
A few days after Song Chaoyuan visited Zhang Bin, Zhang Bin's case was officially sentenced and the verdict was executed soon after.
The day before Zhang Bin was executed, his son also left Hong Kong safely under the arrangement of Song Yuanchao. Although the property that Zhang Bin had worked so hard to accumulate was eventually sold to others, his son was able to leave safely and have a certain living security in the future, which could be regarded as Zhang Bin's last wish before he left.
Song Chaoyuan did not tell anyone else about Zhang Bin's matter, and the same went for Luo Yang, so the matter just passed.
Zhang Bin's family did not show up for his funeral, so Song Chaoyuan informed Luo Yang in advance and asked someone to help take care of it.
Half a month later, Shenghua held a board meeting at its headquarters in Hong Kong, at which the decision was made to sell the mining company including its mining resources. In the future, the mining company's business will begin to shrink. Except for retaining the import mineral business in cooperation with Zhang Yong, it will no longer directly engage in mineral mining.
This decision was quickly approved due to the early communication, and the subsequent sale of the business was also smooth. After all, mineral resources are still a hot commodity, and there are many people willing to take over. Song Chaoyuan and his team contacted several companies and finally chose one of them and sold it at a good price.
After the meeting, Song Chaoyuan returned to his office in Hong Kong. Although this office was not the chairman's office, it was no less luxurious than Qin Zhengguo's office in terms of area and decoration.
Song Chaoyuan had handed over the position of chairman of the board of directors to Qin Zhengguo a long time ago. He is now just a figurehead in Shenghua, but the top management of Shenghua all know that the real person in charge of Shenghua is not Qin Zhengguo, but Song Yuanchao, who seldom comes to Shenghua headquarters.
Song Chaoyuan's office is located in Central, the best location in Hong Kong, and is also one of the best office buildings in Central. Although it is not as big as his office in Shanghai, it is still very impressive in Hong Kong, where every inch of land is valuable.
Back in the office, Song Chaoyuan was flipping through documents. He would not stay in Hong Kong for a few days. After finishing things here, he would go to Pengcheng and then return to Shanghai.
Song Yangming and Qin Wenhui have already gone on their honeymoon. The couple will stay in Europe for a while. This was arranged long ago. When Song Chaoyuan thought about his son getting married, he was happy but also a little sad. The child grew up and he gradually got older. Reality is so cruel that even Song Chaoyuan, who has lived two lives, cannot stop it.
There was a knock on the door, Song Chaoyuan said, "Come in", the office door opened, and in walked Xu Hui, the president of Shenghua.
Xu Hui is no longer young. When she first joined Shenghua, she was a single mother with two children. Twenty years have passed in the blink of an eye, and Xu Hui is nearly sixty years old.
Although much older than Song Yuanchao, Xu Hui still looks the same as before. Her dyed hair makes her look a lot younger. Coupled with the temperament she has cultivated over the years, this well-known strong woman in Hong Kong's business world is truly admirable.
"Sister Hui!"
"Director Song."
Xu Hui walked in, walked towards Song Chaoyuan, sat down directly in front of Song Chaoyuan, and handed the folder in her hand to Song Chaoyuan.
"This is……?"
"This is the intention sent by Mr. Li from Yingke. Please take a look." Xu Hui explained.
Song Chaoyuan raised his eyebrows slightly, opened the document in his hand and started reading. After reading for a while, Song Chaoyuan was at a loss whether to laugh or cry. He was too lazy to continue reading, so he closed the folder and threw it aside.
"Sister Hui, what do you think about this?" Song Chaoyuan reached out and tapped on the folder and asked Xu Hui directly.
Xu Hui smiled and said, "The Li family father and son are also great men in Hong Kong. I think any business they get can be turned into a real estate business."
"Hahaha!"
Song Chaoyuan burst into laughter. What Xu Hui said was indeed correct. The three members of the Li family, whether it was Superman or Little Superman, or the eldest son Li who was invited to the abalone dinner that year, these three people were indeed as Xu Hui said. No matter what business they did over the years, they eventually turned it into real estate business.
This was the case with the earliest acquisition of Hutchison Whampoa, and later with the acquisition of Pacific Century CyberWorks by Little Superman, and even with the turmoil surrounding Orient Overseas a few years ago.
All of the Li family's businesses ultimately boil down to real estate. Even other industries that are not related to real estate will become real estate businesses after passing through the hands of the Li father and son.
Perhaps in the eyes of the Li family, one trick is enough to conquer everything, and the real estate business is the foundation of the Li family. Other businesses, no matter how promising they are, are preparations for the real estate business and are just disguised as such.
As for the real estate business, Shenghua has been making steady progress over the years. After Hong Kong's return to China, the real estate business in Hong Kong began to recover. It seems to be very profitable. In addition, the real estate boom in the mainland has continued to expand after it started, thus creating a large number of wealthy people who quickly made their fortunes by relying on real estate.
However, Song Chaoyuan has always been cautious and even conservative about this investment, because the debt ratio of the real estate industry is the highest among all industries. With the rapid expansion of the business, this debt ratio will rise sharply, and the consequences will be very serious if it is not controlled well.
Song Chaoyuan had experienced that period and understood that it was okay to make short-term profits from this industry, but it was absolutely impossible to sustain it in the long term or even as the core business of a company.
Japan's real estate bubble and the future collapse of Fannie Mae and Freddie Mac in the United States are examples, and future developments have also confirmed this. When Song Chaoyuan asked Song Yangming to make a judgment on the real estate industry, he also used this method to remind Song Yangming not to be confused by the huge returns in front of him, and not to expand blindly, because huge benefits also have huge risks, especially the risk of excessive debt ratio must be controlled.
Moreover, in recent years, the profits of real estate have not been as high as before, mainly because the development costs and returns have gradually become disproportionate. In the past, the development costs were low and the returns were relatively high. As long as the development funds were solved, the project could be put into operation even if there was not enough funds through bank loans.
However, in recent years, development costs, both land costs and construction costs, have been rising, leading to a decline in profits. In addition, many real estate companies have acquired land everywhere in order to make profits, and then repeatedly mortgaged it, resulting in a high debt ratio. Once the thunder bursts, it is conceivable.
However, the operation of the Li family father and son is much smarter. Although the Li family father and son have acquired a lot of land in the mainland, few of them have actually invested in development. The Li family father and son use the reputation and strong financial backing of the Li family enterprise as a backing, and then they come up with a plan (plan) that seems to have a promising future for the land they want, and then use this method to hype up the place where they are, thereby driving up the land price.
After other real estate companies flock in and invest in surrounding areas, the Li family can start to reap the benefits, either through cooperation or by transferring the land before the opening deadline. They can easily make huge profits without investing much money. This method seems simple, but it is not something that ordinary companies can do because other companies simply do not have the same fame and local support as the Li family .
The content of the document that Xu Hui gave to Song Chaoyuan just now seemed very ordinary. It was nothing more than a business cooperation project.
On the surface, this project is a business cooperation between Mr. Li and Shenghua in Shanghai. The two companies will jointly invest in the sub-commercial center that Shanghai just established last year, thereby creating a large-scale new landmark.
But Song Chaoyuan lost interest after taking a look at it, because he knew very well what this so-called sub-commercial center and new landmark were. The Li family did so in their previous life, but in the end, a few years later, the Li family simply cashed out the land and left, leaving behind a mess.
In the end, this so-called sub-commercial center and new landmark was not completed until the day Song Chaoyuan passed away.
"Sister Hui, please tell Mr. Li that Shenghua will not get involved in this project. If Mr. Li or Mr. Li is interested in Shenghua's land over there, just name the price. As long as the price is right, we can negotiate."
Xu Hui smiled and nodded. She had thought so before she came to Song Chaoyuan. Although the Li family was very famous in the Hong Kong business community, their reputation was actually not that good. Not to mention Old Li, who was a typical unscrupulous businessman, Little Li was of the same kind. In business, especially in the real estate industry, he used all kinds of tricks. It was not a good thing to cooperate with the Li family.
"Okay, I'll reply to them like this. If they're willing to give me a quote, I'll report back to you."
"Okay, let's do this." Song Chaoyuan nodded. Seeing Xu Hui stand up and prepare to leave, Song Chaoyuan thought for a moment and stopped her.
"Sister Hui, I remember your son Daniel came back from England a few years ago? He studied business, right? Where does he work now?"
Xu Hui was a little surprised, but she still told Song Chaoyuan that her son studied business and now worked in a small British company in Hong Kong. He held a good position and was considered a senior executive of the company.
Xu Hui had married again a long time ago, and her husband was not a colleague in the business world, nor a rich kid from Hong Kong, but a professor at Hong Kong University. This was similar to what happened to Ruth back then, they were both strong women, but they made the same choice.
Perhaps it is because she has seen too many things in the business world, and she finds that it is not beneficial to find a husband who works in the business world or in wealthy circles. On the contrary, she would like to find someone in the education field. Although they do not have as much money as them, they have a high social status, and the two sides will not have conflicts in this regard. On the contrary, they are more suitable as a partner.
Xu Hui's husband has a daughter who is about the same age as Xu Hui's child. Both of them are remarried and have a good relationship after marriage.
Xu Hui's son is already in his thirties this year. Since Xu Hui joined Shenghua, her financial situation has improved a lot. Later, after Song Chaoyuan discussed with Qin Zhengguo and Li Daqi, he directly appointed Xu Hui as the president of Shenghua. After that, Xu Hui got shares of Shenghua, which completely changed everything for her.
Xu Hui is not only a famous strong woman in Hong Kong, but also one of the richest people in Hong Kong. Her shares in Shenghua were not many at the beginning, but as Shenghua continued to expand and grow, Xu Hui's assets also continued to increase, and now there are hundreds of millions.
The increase in wealth also affected the change in life. After graduating from high school, Xu Hui's son went abroad to study in college. After graduating from college, he worked and lived abroad and returned to Hong Kong more than a year ago. It stands to reason that with Xu Hui's status in Shenghua, it would not be a big deal to help her son arrange a position in Shenghua, but Xu Hui did not do so, so her son directly found a job by himself. Song Chaoyuan also heard about this from other people when they were chatting.
