Tao Liangchen
Chapter 752 What Does It Matter If I Have a Lot of Debt
After entering the house, So Yu-Hao first looked toward Nong Qingying.
Sure enough, this girl was wearing a fitted dress, with her hair tied up in a bun.
It seemed like a casual outfit, but it highlighted her temperament and figure. Clearly, she had put a lot of thought into it.
To maintain her figure, Nong Qingying started exercising under the guidance of a family doctor even before she finished her confinement period. She preferred to find a wet nurse to help feed the baby, rather than continue to overeat and over-supplement.
After all, she had the means. Finding a lactating woman with sufficient milk wasn't difficult. As long as the money was right, plenty of people would be willing to do it. The baby's appetite was limited anyway, so the excess would just be wasted. It was better to take the opportunity to earn some money.
Looking at her now, she looked like she hadn't even given birth, quickly returning to her peak condition.
Learning that the little guy was asleep, So Yu-Hao didn't disturb him. He simply pretended that nothing had happened, chatted with Nong Qingying for a few words, and then went to greet his grandfather and mother.
Unexpectedly, he saw his old man on the sofa.
So Yu-Hao was immediately shocked, and asked in surprise, "What are you doing here?"
So's father glared at him and said, "We're family, blood is thicker than water. If you can't say anything nice, don't say anything at all. Are you deliberately trying to make me look like a fool?"
Grandpa Tang told him with a smile:
"What's past is past. Every time I see my precious great-grandson, I feel especially good. Xiao Nangong, you need to work harder too. You're at the age to have children. I've managed hospitals for so many years, and I've found that the earlier you have children, the better you recover."
"Yes, Uncle Tang, I know. Once I'm done with the company's affairs, I'll start preparing."
Nangong Tian smiled brightly and greeted So Yu-Hao's parents. The two families had known each other for a long time, so they were inevitably more familiar with each other than Nong Qingying was.
Moreover, in the eyes of the elders, Nangong Tian's personality was more likable.
Nong Qingying was clearly no match for her when it came to social interactions. She was at least two or three levels below her.
Fortunately, the whole family didn't live together, which reduced many unnecessary conflicts. They could just exchange pleasantries when they met, so there was no need to care too much about these things.
So Yu-Hao sat on the sofa, reached out and took the teacup from the nanny, turned his head and asked his father, "I saw in the news this morning that you're in contact with Hang Lung Group. What's going on?"
"It's just what it is. I thought about listing Sihai International before, but in recent years, although we've acquired a lot of land, the company's performance hasn't been very good. The debt is so high that even I get scared sometimes. It's only when I think that you already have tens of billions of dollars that I can feel at ease."
"...What if there's a lot of debt? The assets are still there. The price of the land you've acquired is rising."
Worried that his old man was eyeing his own little vault, So Yu-Hao suddenly regretted bringing it up.
So's father continued, "I saw that Hang Lung Properties has acquired a lot of land in the mainland, and also holds a lot of high-quality assets in Hong Kong. Last time I had dinner with their president, we were chatting and I thought, why not see if we can merge? This way, my company can be listed, which can bring in a lot of cash flow, and at the same time, we can seize the opportunity of the Hong Kong real estate rebound."
"..."
This time, So Yu-Hao began to be glad that he had brought up the topic.
He pondered for a moment and shook his head decisively.
"I don't think it's a good idea. Hang Lung Properties' projects are mainly concentrated in Hong Kong. To put it bluntly, they're some old listed companies. Although they seem relatively stable, they lack the potential for appreciation. It's not like Sihai International doesn't have any money on its books. The global economic market is in a state of wailing, and only the mainland is thriving. At this juncture, it's better to wait a little longer. When there's money on the books in the future, you can directly acquire Hang Lung Properties. Wouldn't that be more comfortable than merging?"
Grandpa Tang especially trusted So Yu-Hao's vision, and chimed in, "I also think it's a bit of a loss. Sihai International is so easy to manage now, we can do whatever we want. Hang Lung Properties is not small, it's one of the top five real estate companies in Hong Kong. Who will have the dominant power then? Will you be busy having meetings and arguing all day?"
He had finally managed to get a chance to eat at the old house. In So's father's opinion, this was a big step towards the ultimate goal of "reconciliation."
He didn't dare to offend the old man easily now. He knew that his current status was exchanged for his grandson, that is, So Yu-Hao and Nong Qingying's son. After listening, he smiled awkwardly and waved his hand.
"It's just a temporary idea. I guess Hang Lung doesn't have any ideas, so they released the news and used me as a stepping stone to help them increase the stock price of Hang Lung Properties. I saw the newspaper this morning, and after recalling it for a while, I found that only a few people knew about this. Since I didn't release the news, it must be from their side."
"That's normal."
So Yu-Hao added, "If the merger doesn't happen, their stock price can rise. If the merger really happens, their market value will become higher, and it will be easier to take the initiative. Only a fool wouldn't do such a good thing. In my opinion, even if you really want to acquire a real estate company, you should learn from me and look for it in the mainland. According to the information I've obtained, the ban on the listing of real estate companies that was introduced in the nineties to prevent the overheating of the real estate market may soon be lifted. At that time, a batch of companies that already have some scale will definitely complete financing and expand on a large scale."
Hearing this news for the first time, So's father's face immediately broke into wrinkles, and he asked in surprise, "Really!? No wonder your company has been making a lot of moves recently, both acquiring Vanke's stock and talking to several real estate companies about financing. You didn't tell me about such good news earlier, I almost missed my old man's business!"
The mainland allowing real estate companies to be listed also means further developing the real estate market.
This is definitely a huge boon for So's father, who has almost put all his chips on the mainland real estate market. He didn't doubt the authenticity of the information provided by So Yu-Hao, and without saying a word, he ran to make a phone call, using the excuse of celebrating the festival to ask his mainland counterparts who was short of money, intending to take advantage of the information gap to make a fortune.
Although the rate of return in the real estate market is high, So Yu-Hao still has many more profitable businesses, so he only uses this market as a ballast stone, taking the opportunity to get money from the bank to invest, which plays a role in spreading risks.
His core businesses have now become finance and high technology, with some venture capital and private equity investment projects, which are steady, promising, and full of potential.
There's nothing to say about family business.
The global economy is not very optimistic, but So Yu-Hao is still profiting, it's just that the speed of making money is a little slower than before.
Seeing the little girl start chatting with his mother, he went to chat with Nong Qingying, asking about the performance of SK2 last year.
Although Nong Qingying was busy taking care of the baby, she took the time to read the information sent by the company, and told him:
"In the whole year of 2000, SK2 opened thirty-seven new stores, and its operating income increased by 86% compared with the previous year. I found that the company is basically the same with or without me. When the child is a little older, I want to find something new to do..."