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The heavyweight mergers and acquisitions that took place on Hong Kong Island finally came to an end. Royal Family Fund officially entered the above two real estate flagship companies with an absolute controlling stake of 52.2% in Cheung Kong Enterprises and 53.4% ??in Hutchison Whampoa.
Since then
In addition to the two powerful real estate companies of Swire Properties and Wharf Real Estate, Royal Family Fund has gathered the four kings of Hong Kong's real estate industry, occupying half of the entire Hong Kong Island real estate industry, and the remaining more than 100 Hong Kong real estate companies occupy the other half.
Soon, the King of Wealth got another nickname called "Wang Bancheng".
It means that more than half of the entire commercial real estate and residential real estate in Hong Kong are the assets of the Wang consortium.
?Only the four kings of the real estate industry can earn a steady income of more than 200 billion Hong Kong dollars every year, which is 37 billion U.S. dollars in exchange, of which the Royal Family Fund can occupy 60% of the profits, which is more than 20 billion U.S. dollars.
As Hong Kong's economy gradually improves, this part of stable income will continue to grow.
In Wang Yaocheng's conception, the anchor for the stable revenue of the entire consortium is initially presented, which mainly consists of three major assets.
? First, the rental income from commercial and residential real estate development of its real estate companies.
? Hong Kong and Southeast Asia;
Including the commercial real estate and shops of the four major commercial real estate blue chip stocks in Hong Kong Island, a large number of mortgaged real estate with property rights for lease, this part also includes commercial real estate throughout Southeast Asia, ports, toll roads and storage facilities, etc., with stable annual income More than 20 billion US dollars
Mainland part;
Pacific Real Estate Company and Cote d'Azur Real Estate Company, one south and one north, have a total of more than 100 urban commercial plaza stores, rental income, commercial office buildings and some bank mortgaged real estate operating income.
This includes Yanjing City Pacific Plaza, Jinbao Street, SOHO brand projects, and super high-rise building rights revenues developed in first-tier cities such as Beijing, Shanghai, Guangzhou, Shenzhen, and Jinling. The average annual revenue can reach 40 billion yuan, about 5 billion US dollars level.
? Toll highways, ports and real estate projects invested by Cheung Kong Industrial Group in the Mainland.
Including 70% equity of Yantian Port, partial equity of Qingdao and Dongying Port, more than 200 million square meters of reserve land accumulated by more than 100 projects to be developed, which can bring about 4.3 billion yuan in dividend income every year, about 500 million US dollars.
The key is that the value of this part of gold assets is increasing rapidly every year, and the rent level is also increasing rapidly, with the brightest future prospects.
? European and American parts;
HSBC merged and acquired more than ten banks in the United States and Smiths Bank in the United Kingdom, followed by a large number of mortgaged real estate, commercial office buildings and rental properties taken back by the banks. This is a big burden that cannot be shaken off during the economic crisis.
All these assets were transferred to the Royal Family Fund Fixed Assets Management Office. While reducing the burden on HSBC, it also resolved a large number of accumulated non-performing assets and claims, allowing HSBC to go into battle with ease.
With the gradual recovery of the world economy, the value of this part of real estate has risen sharply, and now it has become a sweet pastry.
Due to the huge stock of some assets, there are about 100,000 properties in Europe and the United States. The original value was about 46 billion US dollars, and now the appreciation has exceeded 70 billion US dollars.
?Excluding the high annual fixed asset tax, it can bring a stable annual net rental income of 6 billion U.S. dollars, and it is growing rapidly.
? These commercial real estate, shops, office buildings, and individual residential units in various forms are characterized by a wide range of areas, large quantities, and scattered, and a single asset is not worth much.
In the entire fixed asset package, there are a large number of manors, villas and apartment buildings ranging from millions to hundreds of thousands or even tens of thousands of dollars, which are used for lease or simply idle.
?Because the scope is too wide and the manpower is insufficient, less than half of them may really be able to play a role.
According to the plan of the Royal Family Fund Fixed Assets Management Office, the assets that cannot be used for leasing will be sold for cash.
The real estate market in the United States is heating up, and we need to wait for a suitable opportunity to sell.
From the perspective of the world economic environment;
Now the United States is in a continuous cycle of interest rate cuts. The Federal Reserve Bank¡¯s interest rate has been cut from 6.25% for more than a dozen times, and it is currently at 1.75%.
? According to the forecast of market participants of Hong Kong Guantian Research Center;
The George government will continue to urge the Federal Reserve to lower interest rates, further stimulate the heat of the real estate market, enter a longer period of economic prosperity, and the real estate industry will benefit accordingly.
Therefore, the Royal Family Fund Fixed Assets Management Office is patiently waiting for this opportunity to make a move.
? For large consortiums, each investmentnbsp; This part of invisible assets is the largest, such as Shenzhen Atlantic Industrial Park Phase I and Phase II, Future Science Park, Jinling City Industrial Base, Huaizhou High-tech Development Zone Industrial Base, Mingzhu City, Yanjing City, Central Plains Province , Sichuan High-tech Park Industrial Base, Hynix Industrial Park in Malaysia and industrial bases throughout Southeast Asia, the real property rights belong to the family fund.
The 108 hypermarkets previously built by the Carrefour supermarket chain, the property ownership of more than 1,200 urban center stores, the property ownership of the Pacific chain home appliance property, more than 20 domestic inter-provincial logistics centers, more than 100 inter-city logistics centers, as well as the Yangtze River Technology Group and the Yellow River The ownership of the fixed assets of the technology group is invested and owned by the family fund of the consortium, and these enterprises are leased.
In addition, the property rights of Peninsula Hotel, Miramar Hotel, and Shilla Hotel, which are affiliated to Hong Kong and Shanghai Hotels Group, are owned by the family fund.
? The Hongkong and Shanghai Hotels and Resorts Group, a company listed on the Stock Exchange, leases the buildings of the consortium and conducts renovation operations. After working hard to revitalize the assets, most of the money earned goes into the pockets of the family fund.
? As a large multinational hotel group, the Hong Kong and Shanghai Hotels and Resorts Group only has a good face, and the annual profit is indeed not much.
? More than 200 mid-to-high-end hotels have been developed in the world, with an annual net profit of less than 3 billion Hong Kong dollars.
The pressure of operating risks and fixed asset appreciation is all on the listed company, and the real benefits of leasing income fall into the hands of the family fund. The calculation is too shrewd.
After Carrefour is listed, the funds raised will be used to invest in hypermarkets and shops, and the property rights will truly belong to Carrefour Supermarket Group.
also
There are also some famous jewelry paintings, special planes and special cars, Mediterranean manors and Keyuan in Yanjing City, the Lingxiao Pavilion on the top of Victoria Peak in Hong Kong, the top-floor units of Viking Building in New York and other personal properties, all of which are managed by the family foundation office.
This part is in charge of the team personally controlled by Chen Shi, director of the accounting and auditing department. Only Wang Yaocheng knows the total income. The amount has never been disclosed, and no one else can know.
With these three stable cash flow incomes, it is equivalent to the anchor of the ballast of the entire consortium.
Regardless of the wind and rain of the world economy, it can help the consortium to overcome severe economic crises and international market difficulties, and usher in the dawn of victory.
It can be said that Wang Yaocheng has exhausted his mind to inherit the consortium's business for a long time.
As a last resort, the consortium went bankrupt
There are still two ways for future generations to choose, one is the China Nursing Charity Fund led by Si Wanru, and the other is the Guodong Charity Fund led by Wang Guodong.
Both of these funds have fixed assets, and part of the investment income is used for charity every year, which is a golden rice bowl that can be passed on for a long time.
No matter how unworthy the descendants are, no matter how poor they are, if they can work in the above two charitable funds, they can always get a decent living treatment and will not be reduced to the streets. (Remember the site URL: www.hlnovel.com - Didn't finish reading? Add this book to your favoritesI'm a member and bookmarked this chapterCopy the address of this book and recommend it to your friends for pointsChapter error? Click here to report
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