Legend of Xiangjiang Tycoon Chapter 570

Huo Yingdong's mother declared that she would no longer do business with her son as a partner. After this adventure, Huo Yingdong's character became stubborn, his will became stronger, and his actions became more courageous. Huo Yingdong doesn't want to live under the protection of his mother all the time, and hopes to be completely independent.

Huo Yingdong's mother and son parted ways and set up separate schools. Huo Yingdong's mother is still in the barge business, and Huo Yingdong bought a tugboat for transportation. Both mother and son still depend on water for their living.

"My mother never trusted me, and I often did my own way. She thought I was a shark, too reckless and too risky. I respected my mother, but I was almost 30 years old at the time, and I couldn't listen to her in everything." Huo Yingdong recalled.

Huo Yingdong was born in water and has a special feeling for water. With a tugboat, Huo Yingdong maintained his family's life juice and had some savings. He was familiar with the waterways between the islands in the Pearl River estuary, and he also knew the sea trade in this area like the back of his hand.

Fortune finally came.

The Korean War broke out in 1950, and the mainland joined the war. The imperialists imposed an economic blockade on the Mainland, and the Hong Kong and British authorities also announced to cut off trade with the Mainland.

At that time, in the inland with a weak industrial base, there was an urgent need for various war preparation materials. Chinese businessmen in Hong Kong broke through the imperialist blockade for themselves and their compatriots, and transported prohibited materials to the mainland.

Due to the shortage of materials due to the embargo imposed by the British Hong Kong government, the prices have skyrocketed. Not only the materials themselves, but also the freight rates have skyrocketed.

This is the golden opportunity for Huo Yingdong to make a fortune. If Huo Yingdong didn't have this tugboat and knew nothing about maritime trade, he would probably miss this opportunity.

Huo Yingdong was the first to set foot in this ranks. Hong Kong originally had a large backlog of war surplus materials. At this moment, people are continuously gathering goods in Hong Kong—waiting for these "adventurers" to be transshipped to the mainland or the transit station Lisboa.

Huo Yingdong has never had such good luck, the cash is like a pig cage falling into the water, and it is too late to count.

He can go days and nights without sleep. He is both a shipowner and a cargo owner. His ships grew exponentially, and he had a considerable fleet.

Of course, a high-profit business also means great risks. Many ships were hit by mines, capsized, detained, or attacked by gunboats.

Huo Yingdong was very lucky, not a single hair was hurt, and the ships under his banner were all safe and sound.

The "special needs" triggered by the war created a group of rich people in Hong Kong, and Huo Yingdong was naturally one of them. They made ill-gotten gains, and even accused them of smuggling soldiers and being warmongers.

It is true that according to the laws of the British Hong Kong authorities at that time, they were of course "smuggling illegal". But if you look at it from the perspective of the country and the nation; their "smuggling" is a feat of righteousness.

There were hundreds of kinds of embargoed materials at that time, among which medicines were the most profitable.

What kind of materials Huo Yingdong "smuggled" is unknown. Maybe someone saw Huo Yingdong "getting rich in recklessness" and was heartbroken, so they pointed out that Huo Yingdong was an "arms dealer".

After the Korean War ended, non-governmental trade with the mainland soon fell silent. Huo Yingdong, who made his fortune by relying on water, is thinking about his next development.

The English "South China Morning Post" published Ms. Bertamanron's article "The History of Huo Yingdong's Fortune", which said: Huo Yingdong earned at least one million US dollars after the end of the Korean War. But many people think it's more than that.

In 1954, Huo Yingdong bought his first building in Causeway Bay with cash.

Huo Yingdong, who has made his first pot of gold, where should he direct his investment? Huo Yingdong, who is unwilling to be silent, now has considerable funds to back him up, so he will definitely do something big.

December 20, 1954, is an auspicious day in the lunar calendar.

On this day, Hong Kong business tycoon Huo Yingdong bought a building in the bustling Causeway Bay with a huge sum of 1.2 million Hong Kong dollars.

A poor man from a boat family, an adventurous savage with ill-fated fate, has entered the most glorious period of his life since then, and he is still a savage in the business world.

Huo Yingdong purchased the building and registered to establish Lixin Construction and Real Estate Co., Ltd. The word "Lixin" comes from the meaning of "based on reputation".

Huo Yingdong is optimistic about Hong Kong's real estate industry. Hong Kong is a tiny place. In the late 1940s, the population rapidly expanded to more than two million, and housing was in short supply. Hong Kong's industry started to start, and there was a severe shortage of industrial housing.

Hong Kong's position has stabilized and people are keen to buy property. Real estate is very promising. Owning a property does not worry about finding a buyer.

However, real estate investment was huge, and the so-called "huge sum" accumulated during the Korean War was difficult to make a big splash in the real estate industry. How can we talk about "credibility"?

Huo Yingdong saw the shortcomings of the past and decided to make bold innovations, creating a method of pre-sale of uncompleted properties and payment in installments.

The so-called uncompleted property refers to the pre-sale of residential and industrial and commercial buildings that have not yet been built. Huo Yingdong's move was very popular with users, and the properties developed were sold out at the blueprint stage!

At that time, a residential unit cost about HK$10,000 to HK$20,000. The income of the general public is low, and it is really difficult to get so much money at once.

If you pre-purchase uncompleted flats and want to buy a flat of 12,000 Hong Kong dollars, you only need to pay 6,000 Hong Kong dollars for the down payment. At that time, when renting a house, the mortgage fee was half of the house price, which was 6,000 Hong Kong dollars. The buyer buys the uncompleted property and pays 300 Hong Kong dollars per month. After 20 months, he can get a unit of the existing house.

The housing contribution fee of three hundred Hong Kong dollars is almost the same as the rent, and renters will still live under the fence until they grow old. Comparing the two, there is a world of difference!

Huo Yingdong printed many brochures, not only introducing the details of the location and structure of the properties he developed, but also spared no effort to promote the various advantages of uncompleted properties.

Huo's pioneered the pre-sale of uncompleted properties and brochure publicity, both of which became extremely popular practices that the real estate industry followed suit.

Selling off-plan properties accelerated the turnover of Huo Yingdong's limited funds and realized his vision of "doing big things with a small amount of money".

For example, if a property is developed, the builder estimates the construction cost to be one million Hong Kong dollars. Huo Yingdong paid a down payment of 10-100,000 Hong Kong dollars. Huo's estimated the value of the property to be completed at 2.5 million Hong Kong dollars, and the pre-sale of the uncompleted property can get a down payment of 1.25 million Hong Kong dollars, which is more than enough to pay the builder.

After the completion of the property, the full payment will be collected in about two years. Excluding all expenses, the net profit will be about one million Hong Kong dollars!

Huo Yingdong pioneered the sale of uncompleted properties, and the banking sector established a mortgage system, which accelerated the sale of properties and the return of funds. The business community was delighted to set foot in real estate one after another. The real estate boom has greatly accelerated the development of Hong Kong's economy.

Huo Yingdong, a super rich man who owns more than 60 companies, met with Leng Xia, the author of the book "A Generation of Business Sage-Huo Yingdong Biography" said: "When people talk about a businessman, they often pay attention to his wealth and ignore his status. What meaningful things have I done in the process of doing business. Of course, I am not the biggest real estate developer in Hong Kong. Selling off-plan properties, Hong Kong's real estate industry is what it is now, and uncompleted properties have a share of credit. Now that real estate is engaged in the mainland, off-the-plan properties are also very popular.”

Leng Xia said, "No wonder someone calls you the father of off-plan properties in Hong Kong."

Huo Yingdong said with a smile: "I dare not take it seriously. Before me, the government collected taxes from property owners and calculated them by stratification and unit. In addition, some people dismantled properties for pre-sale. However, the institutionalization of pre-sales is I, I was the one who made the publicity with great fanfare, and I was the first to make the uncompleted flats famous. At that time, I didn't imagine that the sale of uncompleted flats would have any impact on Hong Kong. It's just that I was short of money, so I boldly imagined that the flats would be sold before they were built. Go, use other people's money to make money for yourself."

From the point of view at that time, Huo Shi was indeed a brave man. Off-the-plan buildings are thriving, and real estate is booming. During the bank run in 1961 and the banking crisis in 1965, real estate suffered setbacks for a time, but quickly rebounded and the momentum of development became more and more rapid.

Huo Yingdong never looked back and made great strides forward. However, the Hong Kong incident in 1967 put Huo in an unexpected predicament.

In the Hong Kong incident in 1967, Huo's views were at odds with the Hong Kong government. The right party was very dissatisfied with the Huo family and decided to take Huo Yingdong into surgery.

At that time, the Star Building, which was built by Huo Yingdong and located in the prosperous area of ​​Star Ferry Terminal in Kowloon, was completed. Starlight House is the Huo family's rental property. Before it is completed, there are already tenants. The Huo family rents out everything and sits firmly on the fishing boat.

But when Huo's formally rents out, all the tenants will receive "advice" calls, saying that they will rent the office of Starlight House, and the telephone will be opened in the foreseeable future.

The telephone company is a British-funded company, and behind it are many prominent British pro-British people, including even important officials of the Hong Kong government. If the phone is not turned on, the business cannot be done. As a result, the tenants are scared away.

Starlight House could not be rented out, so Huo Yingdong reluctantly parted with it and sold it at a low price to Hong Kong Land Company under Jardine Matheson.

At this time, the real estate industry, which was once in a low ebb, recovered, and there were a lot of renters. Landmark rented out hundreds of office rooms within half a year. The Huo family paid a loss of 30 million Hong Kong dollars in vain.

Huo Yingdong's involvement in the sand washing industry began in the late 1950s.

The real estate industry is booming, and the demand for building materials is increasing day by day. Huo's Lixin is a construction and real estate company in itself, and has a deep understanding of the popularity of building materials.

Perhaps Huo's family has lived on the water since he was a child, and his favorite industry is seabed sand washing.

Hong Kong has no large rivers and plains, so there are no river sand resources. There are plenty of sea sand on the beach, but the government implements a protection policy and does not allow arbitrary mining, and it should be reserved for bathing beaches and scenic spots.

Some of the sand used for construction in Hong Kong is transported from overseas by boat, and some of it is washed from the seabed.

The industry regards sand washing as a daunting way. At that time, it was generally operated by hand, using special shovels to reach the seabed to fetch sand, which was laborious and slow in work efficiency.

Huo Yingdong also washed the sand by hand at first, and sea sand is a cheap commodity, so it is impossible for him to pay high wages. Whenever a ship carrying coal arrives in Hong Kong, the workers rush to unload the coal, and the dozen or so sand washing boats rented by the Huo family are empty there. Soon, the Huo family adopted the contracting method, but there was still no improvement.

Friends advised Huo to hold on to the hat if he didn't want to weigh it. Anyway, he didn't invest much money. Unexpectedly, Huo's "became violent", threw out 70 million Hong Kong dollars at once, and bought a sand excavator from the Navy Yard, which shocked his friends.

The use of mechanical sand washing has greatly improved the work efficiency. Huo's then improved it into a machine boat for sand washing, and went to Europe to order a modern sand washing machine ship.

Huo Yingdong soon became a giant in Hong Kong's sand washing industry. He is the leader of the sand scouring industry, and his power is unmatched. After operating for a period of time, Huo's found that he also suffered the biggest loss.

Labor in Hong Kong is cheap, and manual sand washing is inefficient and costly. The construction market in Hong Kong is optimistic, and many people use old ships to transport sand from overseas to Hong Kong, forcing the price of sand to be high and unaffordable.

In this case, Huo's high-priced sand can only be sold at a reduced price, resulting in a continuous deficit.

"I have made two major mistakes in my life. One is to go to Dongsha Island to salvage seaweed, and the other is to wash the sand under the sea. Both of these are related to treasure hunting under the sea." Huo Yingdong said in a conversation with Leng Xia.

So, is Huo Yingdong no longer engaged in serelated business? He did not do this, he already had a fleet of sand dredging boats, and Yourong Company has accumulated rich experience in sand dredging.

Huo Yingdong actively undertakes projects related to the sea. The first major project he contracted was the second phase of the freshwater lake project of the Gulf Reservoir, which raised the height of the dam and paved the stone surface with 5-meter-thick sea sand~www.mtlnovel. com~ Huo also extended his tentacles to Southeast Asia, opened ports to fill seas and build dams, and his sand dredgers came in handy.

Among the super rich in Hong Kong, Huo Yingdong is the most enthusiastic about sports activities.

Huo Yingdong has had an indissoluble bond with football since studying at Queen's Academy. He likes to play, watch and talk about waves.

In the 1950s, the Huo family, who had just become a rich man, used money from his modest private pockets to support and organize the Yourong small football team.

Under his careful cultivation, the Yourong team stood out from many teams and has played against invincible teams in Hong Kong and Macau.

In the 1960s, the Huo family formed the Zhuoran team and served as the team's center forward. Zhuoran quickly became a powerful team in the Hong Kong football scene.

His football team spends more than one million Hong Kong dollars in annual activities, all of which are paid out of his own pocket.

Huo has always been bitter about the exclusion of China from world football. In 1974, Huo Yingdong invited the President and Secretary General of FIFA to Beijing.

They stayed in the BJ Hotel, but they could not live in the VIP East Building, they could only live in the ordinary building. The president of FIFA, wherever he goes, he is always received by heads of state and government. How has he ever received such cold reception? Huo Yingdong was extremely embarrassed, tried his best to explain, but still couldn't appease his anger.

Despite this setback, Huo Yingdong's patriotic enthusiasm remained unabated. In the same year, he went to Tehran to participate in the Asian Football Confederation Council, fighting for the restoration of China's legal seat in international football. The tide of history is irreversible. The council finally passed the proposal of China joining the AFC with three consecutive 3/4 majority votes.

In 1979, at the International Olympic Committee Congress held in Japan, Huaxia's legal rights deprived of China for 30 years were restored. Huo Yingdong was greatly encouraged, and since then he has vigorously sponsored China's sports.

Chapter end