MTL - Reborn Capital Tycoon-Chapter 198 Transaction complete
Chapter 198 Transaction Completion
After exchanging pleasantries, the two slowly got to the point.
Federation Building and International Building, these two buildings are located in Xiangjiang Central, so the price will definitely not be low. Even if Xiangjiang real estate has plummeted, the value of these two buildings is not comparable to buildings outside Central.
Therefore, Chen Yi did not bargain, and directly estimated the two buildings at the market price before last year.
The total price of the two buildings is between 300 million and 400 million Hong Kong dollars. Compared with the high price of 2.2 billion Hong Kong dollars jointly sold by Wheelock and Li Chaoren's Cheung Kong Company a few years later, there is still a big gap.
However, at this time, the value of the two buildings is only worth so much, no matter how high it is, it will not exceed 400 million Hong Kong dollars.
After discussing for a while, Chen Yi found that he really didn't have much talent in negotiation. After a long time, he might be eaten to death by the old guy
Therefore, Chen Yi gave up the idea of arguing with John Madden, and said directly: "Mr. Madden, I think so. Regarding the purchase price of the Federal Building and the International Building, I am willing to bid 330 million Hong Kong dollars. The funds are paid in cash, and after the transaction is completed, the full payment will be delivered within one week, what do you think?"
‘Cash payment, full payment within one week. ’ Hearing Chen Yi's words, John Madden suddenly fell silent.
In these years, most companies will not directly pay in cash for transactions involving hundreds of millions of dollars. In many cases, everyone conducts transactions in the form of half cash or half shares.
Of course, there are also companies that trade with full payment, but such companies are basically rich and wealthy, and they are rarely encountered in the industry.
Chen Yi is now clearly one of those rare wealthy individuals. In the morning, the Global Daily had just exposed the news that Boss Chen had made billions in the oil market. John Madden did not doubt Boss Chen's ability to pay.
After all, during this period of time, many newspapers in Xiangjiang almost dug out Chen Yi's background.
However, Chen Yi's bid was obviously lower than his expectation.
In John Madden's view, the value of the two properties of Federal Building and International Building is at least 350 million Hong Kong dollars. Once he accepts the other party's bid, it is equivalent to losing at least 20 million Hong Kong dollars.
A building lost 10 million Hong Kong dollars. This was the early 1970s, not the 1980s and 1990s, when Xiangjiang Real Estate cost more than 10 billion to 2 billion a building.
In a few years, it is normal for a building to have an extra 100 or 200 million yuan, or a 100 million or 200 million yuan less. The problem of the company's shortage of funds.
But if he does not agree, Boss Chen will pay in installments, or trade in other ways, which is not what John Madden wants to see.
In the final analysis, in the current environment, cash is the most important thing. Without cash support, no one is optimistic about even the most valuable companies.
It’s like Hutchison Whampoa, one of the four major foreign firms. Before the stock market crash, its market value was at least two to three billion. This is the market value of Hutchison Whampoa since it entered the 1970s due to poor management and declining performance.
In the previous life, Hutchison Whampoa fell into the hands of Li Chaoren, and the market value immediately rose. This shows how strong Hutchison Whampoa's foundation is. Now Hutchison Whampoa's stock price has plummeted, and the market value has directly shrunk by 99%.
There is no other reason for this. Apart from poor management, the most important thing is the problem of funds.
The company's internal capital chain turnover problems, coupled with the unfavorable environment, led to the loss of confidence in Hutchison Whampoa's stockholders in the market, and its stock price has been falling endlessly.
On the contrary, Jardine Matheson has sufficient liquidity in its hands, and the company's management and operations are normal, so its stock price decline is not as serious as Hutchison Whampoa.
Wheelock's situation is not too serious now, but if the financial pressure remains unresolved, the consequences will be disastrous.
After careful consideration, John Madden gritted his teeth and insisted: "340 million Hong Kong dollars, if Chen Sheng is willing to bid 340 million Hong Kong dollars and pay the full amount within one week, then the Federal Building and the International Building will be Chen Sheng, you got it."
Without hesitation, Chen Yi stood up directly, stretched out his hand to John Madden who was opposite, and said simply and neatly: "Okay, 340 million is 340 million, and I have the right to hand it over to Mr. Madden, your friend." , In the future, our two companies can cooperate more in private."
10 to 20 million is nothing for Chen Yi to worry about. Compared with the double value of the two buildings in a few years, he earned more than 10 to 20 million.
Seeing that Chen Yi agreed so straightforwardly, John Madden was a little surprised, but also a little happy. He also got up and held Chen Yi's hand, and said with a smile: "It is also my hope to be able to make friends with Chen Sheng. In the words of you Chinese , we are Wangnian friends."
Chen Yi nodded and said: "In this case, let's have a drink later to celebrate the first friendly cooperation between each other."
John Madden responded: "I have left a bottle of treasure at the Peninsula Hotel, and I will get someone to bring it later and share it with Chen Sheng."
Chen Yi was taken aback when he heard the words, then smiled and said: "Mr.
Chen Yi also has a plan to get closer to John Madden, because in two years, as Wheelock's performance continues to decline, this boss will have the idea of selling Wheelock.
Although Chen Yi has been staring at Hutchison Whampoa before, if he can take a step ahead of the charter king and win Wheelock, he will not miss the rare opportunity.
As for Wheelock's plight in the shipping industry, it's actually not a big problem. The big deal is that he can learn from the charter king and just sell Wheelock's ships, or he can be more ruthless and directly sell the entire shipping company. If it is dropped, then the burden on Wheelock will be lightened.
In the eyes of Mr. Chen, the most essential part of Wheelock is its real estate company. Wheelock entered the real estate industry earlier and has accumulated a lot of land and real estate in Kowloon.
Although Kowloon is slightly behind Xiangjiang Island, with the future development of Xiangjiang, Kowloon will become more and more prosperous.
If he has the opportunity to acquire Wheelock, then in the real estate industry, with the Wheelock family, he can directly surpass the four major Chinese real estate developers at this time.
In addition, making friends with John Madden, the second generation, is also conducive to his future career development.
In any case, Wheelock is one of the four foreign firms.
A skinny camel is bigger than a horse. Even if Wheelock is acquired in the future, its background is not comparable to other companies.
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(end of this chapter)
