1novels Chapter 27: Establishment of the Real Estate Project Development Department
Chapter 27: Establishment of the Real Estate Project Development Department
at the meeting.
After making a series of changes to the Hong Kong Electric power station, Li Jiagang turned his attention to land.
"Ladies and gentlemen, although the company's main business is power supply, in recent years we have integrated power plants, relocated power plants, built new power plants and various large and small base stations, etc."
"The company currently owns a lot of land of various sizes, which is a complete waste of resources if left undeveloped. Therefore, I came up with a plan to revitalize the land."
"First, the company's original real estate management department will be split into a real estate development project department."
The real estate sector will be vigorously developed going forward, with the addition of multiple sub-departments such as infrastructure, development, architecture, design, and planning.
We'll start by consolidating the company's internal land holdings, and then proceed with planning and development, thus entering the real estate industry.
First: Review and confirm the ownership of all land boundaries of the company's various power stations, especially the corners and edges of the land, which must have clear ownership.
Then, we should try our best to apply for the vacant land around the power station to be incorporated into the power station's ownership. Paying extra money or exchanging land is no problem. We should try to concentrate the land as much as possible so as to enhance its development value.
Second: Prioritize the integration of old factory sites and abandoned base stations. Starting immediately, core sites in the old factory areas of Wan Chai and North Point can be converted into temporary parking lots, warehouses, etc., to increase company revenue.
Third: Apply for and acquire all convertible industrial land around the new power station on Lamma Island, under the pretext of building employee buildings and testing centers. This will reduce future rental costs and also secure these reserved lands for future expansion.
Fourth: Real estate development focuses on commercial complexes and residential properties. Small plots of land and less desirable locations will be prioritized for construction by our own company to accumulate experience in infrastructure and development.
Fifth: Prime locations, such as core sites in Wan Chai and North Point (former power station areas), can be partnered with reputable real estate companies for joint development. This provides an opportunity to learn from their development experience.
All matters concerning the real estate department will be handled by Assistant General Manager Fok Kin-ning, with all departments providing full cooperation.
"Everyone, do you have any comments on the above?"
Li Jiagang revealed all of his plans and development strategies for the future of Hong Kong Electric in one go.
At the same time, Lijiagang exuded an aura that left no room for argument, revealing an overwhelming domineering presence.
His imposing presence at such a young age left the original management team of HK Electric feeling quite uneasy.
They initially thought the company's new chairman was just a greenhorn, young and incompetent, and they had quite a bit of contempt for him. But now...
After the meeting, he made a series of changes, and the momentum he displayed made even Neil Hua, the general manager, dare not underestimate him.
"Boss!" At this moment, the company's general manager, Neil Hua, raised his hand to vote.
"General Manager Neil Hua, please speak."
"Boss, the company has always focused on the development of electric lights. I'm worried that the other board members won't agree to the plan to demolish and rebuild the real estate development department."
"At the same time, the company's cash on hand is insufficient for us to develop real estate."
"In addition, the above plan also mentions land swapping and land price supplementation, all of which require funds."
"Moreover, the new power plant has only just started construction, and the funds required in the future will be even greater. I am worried that the company's cash flow will not be able to keep up, which could lead to a financial crisis."
Li Jiagang nodded with great satisfaction at Neil Hua's question.
"Neil, the fact that you've considered these issues proves that you truly care about the company."
"Fantastic."
"The company's development requires the joint efforts and maintenance of everyone present to grow."
"I hope that in future meetings everyone can offer more suggestions that will benefit the company's development."
Li Jiagang's sharp gaze swept over the crowd.
"General Manager Neil Hua, you don't need to worry about the above issues at all."
"I'll handle things with the board of directors."
"In addition, real estate development can be done in cooperation with banks, so no company funds are needed at all."
"Furthermore, why would I choose to partner with a large and reputable real estate company for development?"
This includes having them invest money and effort, while we learn from them, accumulate experience, and quickly recoup our investment to build new power plants or invest in other uses.
"I believe that the real estate industry will be a major trend for development in the future."
Li Jiagang answered General Manager Nier Hua's questions one by one.
In fact, before acquiring HK Electric, he already had a plan for the future development of HK Electric, which would also be a very important springboard for his personal future development. He would not allow anyone to question or deny it.
This is the advantage he has as the sole shareholder.
If he only holds a corresponding controlling stake, then he does need to consider the opinions of the other directors and will need to expend considerable effort to persuade them.
But now he has almost absolute power in the company, and HSBC's Sir Michael Sandberg is on his side, with documents from the British Hong Kong government supporting him.
That's why Li Jiagang skipped the board meeting and initiated the development plan directly at the management level.
Following a response to General Manager Neil Ward.
Li Jiagang instructed his secretary to display the prepared blueprints for the management team to see.
"Ladies and gentlemen, these three plots of land marked on the blueprints will be the main development projects for the real estate company after they have tried out the less desirable plots."
"The three plots of land marked in red in Causeway Bay, Quarry Bay, and Kwun Tong are the company's three most complete and most valuable plots of land for development."
"These three plots of land were previously considered 'dormant assets' for the company," Li Jiagang said, his voice growing colder. "For the past ten years, the British capital allowed them to fall into disrepair, solely for the purpose of preserving their value. But from today onward, we will awaken them."
"These three mixed-use commercial and residential land parcels should be jointly discussed by the real estate department to determine whether it is more appropriate to develop them into residential or commercial complexes. I need a complete development plan and the final result."
Looking towards Huo Jianning from Lijiagang.
"Yes, Chairman, I will prepare a detailed development plan for you to review at that time."
Li Jiagang nodded in satisfaction.
"The plots of land that need to be jointly developed should be integrated as soon as possible, and a development plan is also needed."
"Kinning, you can first contact Swire Properties, Sun Hung Kai Properties, Hang Lung Properties, etc., and spread the word that HK Electric is interested in cooperating to develop the North Point and Wan Chai sites, but only accepts the 'joint holding' model, and the company's equity must be no less than 51%."
"51%?"
"Chairman, I estimate that these real estate companies will not agree." Huo Jianning was also taken aback when he heard this. Based on his understanding of those real estate companies, they would definitely not want others to take the lead.
"Let's try to get them to talk first," Li Jiagang sneered. "If they can't reach an agreement, we'll build it ourselves."
"The main purpose is to spread this word so that everyone in Hong Kong knows that the company is about to develop a property."
Li Jiagang's main purpose in doing this is to generate buzz for real estate companies, so that the public knows that "Hong Kong Electric" is also starting to develop real estate. The change in gender is just to use other real estate companies to generate hype.
As a person from the future, he certainly knew the importance of GG and publicity.
If it's just his company posting Google Ads for publicity, the effect might not be significant. But if it's linked with other large real estate companies to create buzz, the impact of the Google Ads will be quite different.
The effect will definitely be twice as good with half the effort.
The meeting lasted for several hours.
The entire meeting revolved around optimizing the company's cost expenditures and integrating land resource development. Although it was called a discussion, the meeting was more about Li Jiagang directly issuing execution orders.
Meanwhile, throughout the entire meeting.
The foreign management team at HK Electric, including General Manager Neil Ward, did not exhibit the superiority complex often associated with foreigners.
Li Jiagang originally thought he needed to make an example of these foreigners at the meeting, but it seems he was overthinking it.
Yes, it's been 78 years now.
The Chinese people gradually stood up.
It was no longer the case from the 19th century to the 60s, when foreigners in Hong Kong gradually lost the notion of being first-class citizens and the sense of superiority they once had.