Chapter 106 Miracle Group's Shocking R&D Funding



Li Zhaoji shouted: "1.08 billion Hong Kong dollars!"

The competition on site was extremely fierce, even more intense than the previous two buildings. After all, the Prince's Building had a different meaning and value.

Li Jiacheng hesitated for a while, then raised the sign again.

"1.082 billion Hong Kong dollars!"

At this time, Bao Junyi felt that it was about time and raised the sign directly.

"1.1 billion Hong Kong dollars!"

boom!

“What the hell! What the hell!”

This was the voice of everyone present. No one expected Bao Junyi to dare to leave. They all found it unbelievable. Isn't he worried about the Miracle Group's capital chain being broken?

At this time, Li Jiacheng's forehead was covered with sweat, and sweat was oozing out of his palms. He held the number plate tightly and shouted loudly with all his strength.

"HK$1.15 billion!"

After shouting, his whole body collapsed on the seat like a deflated ball.

This is a gamble on Cheung Kong Holdings. In bidding for the building, he believes that Hong Kong real estate will definitely rise sharply in the future. He is taking a gamble.

Bao Junyi laughed and said, "1.2 billion Hong Kong dollars!"

At this moment, Li Jiacheng felt so powerless after hearing the quotation.

The wealthy people at the scene were very curious. Where did Miracle Group get so much money? Didn’t they say that they were short of funds?

Is this the fucking sign of financial hardship? Buying a building is as easy as buying groceries.

Bidders at the scene gave up one after another because the price of Prince's Building was too high. It had already been overpriced by more than 300 million Hong Kong dollars, and there was no point in bidding any further.

Simon Keswick looked around and finally stopped at Li Jiacheng.

Li Jiacheng felt Keswick's gaze and shook his head helplessly.

Because HSBC only gave Chen Bi a loan limit of HK$1 billion, plus it had nearly HK$200 million in hand, so it felt confident.

Now the price is far beyond his expectations, so he has no choice but to give up and look for opportunities to buy other buildings in the future.

Finally, Simon Keswick smiled and said, "Since there were no further bids, the Prince's Building was acquired by Miracle Group for HK$1.2 billion."

boom!

In this auction, Miracle Group became the biggest winner, spending a total of HK$2.1 billion to bid for the Taikoo House and Prince's Building.

In fact, only Dong Haoyun at the scene knew that Bao Junyi bought three buildings in total and spent 3.1 billion Hong Kong dollars, not 2.1 billion Hong Kong dollars.

After the auction ended, all the wealthy people around came forward to congratulate him.

Then, I chatted with the older generation of Hong Kong tycoons and uncles.

When leaving Jardine House, he was surrounded by reporters at the building entrance.

"Mr. Bao, I'm a BBC reporter from Eagle Country. May I ask why you spent 2.1 billion Hong Kong dollars to buy two buildings?"

"Mr. Bao, I'm a reporter from the Washington Post. Is Miracle Group making a major move into the real estate industry?"

"Mr. Bao, I'm a reporter from the Thai newspaper. May I ask..."

"Mr. Bao, I'm a reporter from AFP..."

......

Bao Junyi stopped and pressed down with his hand, saying, "Dear journalists, please don't push and shove, and be careful."

"I'll just answer a few questions. After I'm done, how about you let me go?"

A Washington Post reporter stepped forward and asked, "Mr. Bao, Miracle Group first acquired Wharf Holdings, then Hutchison Whampoa, and now it's acquiring a prime office building in Hong Kong. Is this a large-scale entry into the real estate industry, using Hong Kong as its base?"

"Thank you, Washington Post reporter, for the question."

"First, Miracle Group will enter the real estate industry. However, Wharf Holdings and Hutchison Whampoa both have large amounts of land. After splitting and integrating, they will vigorously develop it."

"As for the purchase of the two buildings in Hong Kong's Central district, it was simply because I was optimistic about Hong Kong's future economy."

"Then may I ask Mr. Bao, how about you..."

The Washington Post reporter wanted to ask more questions, but was stopped by Bao Junyi's bodyguard, which made the female reporter so angry that she wanted to curse.

A reporter from the French news agency quickly stepped forward and asked, "Mr. Bao, your group is a technology-based enterprise. You've recently invested heavily in real estate. Has Miracle Group's focus changed?"

"Haha, Miracle Group is positioned as a technology-based enterprise. Its real estate investments are just to consolidate its base in Hong Kong. Its focus has remained unchanged."

"In fact, Miracle Group's investment in technology has not decreased but increased. This year, Miracle Group's R&D budget is $1.5 billion, and tomorrow's R&D budget will exceed $2 billion."

boom!

Famous journalists and media workers from various countries present at the scene were all shocked. Even the wealthy Hong Kong people who had not been in a hurry to leave were stunned.

Some of them scratched their ears, wondering if they had heard it wrong.

Li Jiacheng said to Zheng Yutong next to him, "Old Zheng, I didn't hear clearly. Did he just say 2 billion Hong Kong dollars or US dollars?"

Zheng Yutong recovered from his shock, exhaled frequently, and then said, "It's 2 billion US dollars, not Hong Kong dollars."

"Old Li, are we getting old? Why do we feel inferior to young people in every way?"

Li Jiacheng smiled bitterly and said, "Maybe, we don't seem to have the courage we had when we were young."

Now the wealthy people in Hong Kong know how rich Bao Junyi is. His research and development funds alone are 2 billion US dollars.

In the 1970s, funding for scientific and technological research and development reached 2 billion US dollars, but some wealthy groups did not even have 500 million US dollars, and 500 million might even be Hong Kong dollars.

They were all shocked by Bao Junyi's generosity. If Bao Junyi hadn't said it, no one would have known how terrifying it was.

No wonder Miracle Group’s product development is so fast. It turns out that it is all due to the huge investment of funds.

At this time, an NHK reporter from Sakura Country asked, "Mr. Bao, has Miracle Group ever considered investing in Tokyo, Sakura Country?"

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