Legend of Xiangjiang Tycoon - Chapter 492

After Chen Songqing was sent to prison, Li Zhiwen’s expansion during this period came to an end and began to digest.

On December 27, after the various subsidiaries moved into the Golden Gate Building, Li Zhiwen organized a meeting of all leaders except Universal Group, Kirin Group and Hong Kong Electric Group.

In fact, it should not be called the Golden Gate Building. Li Zhiwen renamed the Golden Gate Building to the Peak Building.

The reason for this name is that Li Zhiwen wants to form a peak group and manage all its groups.

Because the company under Li Zhiwen is too chaotic and difficult to manage, it is better to directly set up a group and choose appropriate candidates, which can liberate Li Zhiwen.

Of course, this is just Li Zhiwen’s idea, and the specific implementation needs to straighten out today’s companies.

The meeting included Hutchison Whampoa, Dairy Company, Lai Sun Group, Kirin Clothing Company, Kinmen Construction, and City Garden Company.

They are all from this group of expansions, and most of them are real estate companies.

“Hamiti, tell us about the current situation of Hutchison Whampoa,” Li Zhiwen said.

“Yes, boss!” said Hamitiaji.

“Hutchison Whampoa’s subsidiaries include Hutchison Whampoa Real Estate Company, Hutchison Port Group Co., Ltd., Watsons Group, and Hutchison China Pharmaceutical Co., Ltd.”

“Hutchison Port Group Limited currently operates 135 berths in 27 regions in 15 countries.”

“And our Hong Kong International Terminals Company is the world’s largest private container terminal dealer.”

“But the boss was going to take out Hutchison Port Group Co., Ltd. and list it separately.”

“I know this, but this is not something to be done right away. I plan to move the Huangpu Dock out and turn the original Huangpu Dock into a residential area and a commercial center.” Li Zhiwen said.

“Boss, does this need to be discussed with the board of directors?” Hamitiaji asked in embarrassment.

You must know that the Huangpu Dockyard is located in the West Kowloon area. The location is very good. It is very inappropriate as a dock development.

The Huangpu Dockyard is conservatively estimated to be 300,000 feet, and ninety-four commercial and residential buildings can be built.

Of course, the investment in developing the Whampoa Dockyard is not small, conservatively estimated at 3 billion Hong Kong dollars, and now the future of Hong Kong is uncertain, Hamiti Aji is very worried that this investment will not be recovered.

But Li Zhiwen doesn’t think so. Now is just the right time for development.

Because Hutchison Port Group Co., Ltd., although Li Zhiwen is still a major shareholder, does not exceed 50%.

Now if the Huangpu Dockyard is relocated and the land is bought back from the subsidiary, the price will definitely not be too high.

As for the people from Hutchison Port Group Co., Ltd. will not agree, the big deal is to cooperate with Li Jiacheng and HSBC.

Although Li Jiacheng and Li Zhiwen are enemies at this time, Li Jiacheng can definitely handle it when it comes to his own interests.

As for HSBC, HSBC was not optimistic about the shipping industry at the time of the share swap. Now that Li Zhiwen wants to develop Huangpu Dock into a real estate, HSBC can’t be happy.

And whether it is Li Zhiwen, Li Jiacheng or Sandus, they all believe in the future of Hong Kong, so this kind of thing can definitely pass.

Those few Guillao minority shareholders and Chinese minority shareholders may have never dreamed that although they were replaced by Hutchison Port Group Co., Ltd., as long as Li Zhiwen cooperates with Li Jiacheng and HSBC, they can easily overwhelm them on the board of directors.

“Of course we need to go through the process of the board of directors, but I believe that the board of directors will pass it.” Li Zhiwen said with a smile.

Hamiti Aji was relieved to hear Li Zhiwen’s flower, he was really afraid that Li Zhiwen would come.

“Hutchison Whampoa currently has eight properties built and three properties under construction, with over 5.7 million square feet of land hoarded.”

“But due to the current funding problem, the construction site is at a standstill at this time,” Hamitiaji said.

“Hurry up and return to work. It is time to settle wages and pay for raw materials,” Li Zhiwen said.

“Boss, there are no funds on the company’s books!” Hamitiaji said.

“Then go to HSBC to borrow and tell HSBC that if I don’t borrow, I will inject capital into Hutchison Whampoa.” Li Zhiwen said.

“Yes, boss!” Hamitiaji said against it.

Li Zhiwen wanted HSBC not to take out loans, so that Li Zhiwen could inject capital to dilute the shares of HSBC and Li Jiacheng, and on the other hand, he could borrow from Yulong Bank, breaking Li Zhiwen’s previous commitment to HSBC.

HSBC can not say anything, after all, HSBC does not lend.

However, Li Zhiwen knew that Sandus was not a fool and would not have to take a loan.

What Li Zhiwen is thinking now is to build some well-constructed real estate normally, and then sell it after the end of the Sino-British negotiation, the land price and the real estate market pick up.

“Yes, boss, and the Watsons Group currently operates the company’s retail and manufacturing industries.”

“At present, our Watsons Group has a total of 68 and Baijia supermarkets, and 170 Watsons stores.”

“Contributes a profit of HK$600 million to the group every year.”

“Chi-Huang Pharmaceutical Technology Co., Ltd. is mainly based on Mannings Pharmacy, and it supplies 47 Mannings pharmacies, with an annual profit of 300 million Hong Kong dollars.” Hamiti Aji said.

Li Zhiwen nodded, indicating that he understood.

In this meeting, Li Zhiwen did not want to know how much profit each company made, but wanted to know the status of its real estate companies to prepare for the merger.

“Brando, tell me about the milk company.” Li Zhiwen said.

“Yes, boss!” said Brando Wallace.

“At present, our milk company has two businesses, one is Wellcome supermarket and the other is 7-11 convenience store.”

“There are 75 Wellcome supermarkets, covering the whole of Hong Kong and Macau, with an annual profit of 500 million Hong Kong dollars.”

“The 7-11 convenience store is a franchise fee of American Southern Company. Currently, there are 920 stores in Hong Kong, with a total annual profit of 600 million Hong Kong dollars.”

“In addition, the company has five large ranches covering an area of ​​300,000 square feet.” Brando Wallace said.

Li Zhiwen was very satisfied. The only two supermarkets in Hong Kong were won by Li Zhiwen.

Although there are some supermarkets opened by Japanese, the number is completely incomparable with Wellcome and Parknshop.

Parknshop and Wellcome Supermarket are responsible for the general direction of customers, while 7-11 is responsible for the remaining customers, so that the entire Hong Kong customers are wiped out.

In other words, if someone wants to distribute goods in Hong Kong, it depends on what Li Zhiwen means. After all, Li Zhiwen is a retail cartel.

Of course, Li Zhiwen would not foolishly merge the two supermarkets, which may attract new competitors and attract public attention, so it is better to make a fortune in silence.

These two supermarkets can provide a steady stream of funds for Li Zhiwen’s real estate company to ensure that Li Zhiwen will not make mistakes.

“How much land is hoarded at present.” Li Zhiwen said.

Li Zhiwen won the milk company because he paid more attention to the ice-making factories, ice cream factories and pastures of the milk company.

“Two million feet,” said Brando Wallace.

Li Zhiwen nodded with great satisfaction. The land hoarded by a milk company reached one third of Hutchison Real Estate. It is conceivable how much money it will take to win the milk company this time.

You must know that Hutchison Real Estate is the second largest real estate company in Heung Kong.

Moreover, the land hoarded by the milk company is either in Hong Kong Island or in Kowloon, all of which belong to luxury areas.

And of the 5.7 million square feet of land that Hutchison Properties has hoarded, nearly a million feet are in places like the New Territories where birds don’t shit.

“Ashan, tell me about the general situation of Lixin Group!” Li Zhiwen said.

“Yes, boss!” said Gao Baoshan.

“The Lai Sun Group has only two businesses, industrial real estate and garment manufacturing.”

“We currently account for more than 50% of the entire Hong Kong market in the garment industry, and our products are mainly sold to Africa and Latin America.”

“The other thing is to sell some clothing quotas.”

“Our annual profit in garments is 300 million Hong Kong dollars.”

“And each time the garment quota is HK$500 million, but since the garment quota is sold every five years, the previous garment quota has been sold by the Lin family, so we can only wait for the new garment quota allocated by the Hong Kong government in one year. .” Gao Baoshan said.

“The garment quota will not be sold in the future. This is just drinking poison to quench thirst.”

“It seems that we can make hundreds of millions of Hong Kong dollars in profits by doing nothing.”

“But this will inhibit the growth of the brand and is not conducive to the competition of other international brands.” Li Zhiwen said.

“But if the boss doesn’t sell the garment quota, it may cause panic and collective boycott of the whole garment manufacturing industry,” said Gao Baoshan.

“There are three ways for them, one is to buy quotas from other export quota companies, the other is to keep making trouble and waiting for the company to close down, and the last way is to become our upstream company or be acquired by us. Choose one of these ways. “Li Zhiwen said.

What Li Zhiwen said is indeed correct. Selling quotas all the time can indeed make money, but it will inhibit the creativity of the company.

This is also why Hong Kong has not produced any big international brands in later generations.

After all, it’s so comfortable to make money lying down, so why stand up and make money?

And waiting to make money while lying down for a long time, when one day you need to stand up to make money, suddenly you will not make money.

“Yes, boss!”

“In terms of real estate, Lai Sun Group mainly focuses on industrial buildings. At present, it has 12 industrial buildings, and the group can charge a rent of 90 million Hong Kong dollars every year. There are three industrial buildings under construction and 7 million square feet of hoarded land. Mainly concentrated in the New Territories.” Gao Baoshan said.

Lai Sun Group has been in real estate for a very short time, so it mainly focuses on industrial buildings, but it has risen very quickly.

Moreover, the industrial buildings of Lai Sun Group are only rented but not sold, which provides them with abundant funds.

As for the 7 million square feet of land, most of it was bought by Lin Baixin from farmers in the New Territories some time ago, so the land is very cheap, but the area is still not small, and it turned out to be cheaper for Li Zhiwen.

Of course, these plots of land are not directly available for building buildings, after all, they are still agricultural land.

Funds for changing the site must be paid to the Hong Kong government before the building can be built.

“Jianning, come and report the situation of City Garden Company.” Li Zhiwen said.

The City Garden Company was jointly developed by Li Zhiwen and Luo Yingshi of Great Eagle Real Estate, mainly to develop the land owned by China Bus.

At that time, due to the large share of Eagle Real Estate, Luo Xurui, the son of Luo Yingshi, was in charge.

It’s just that in this Hong Kong crisis, Luo Ying’s stalls were too large, and the losses suffered the most.

At the beginning, Luo Yingshi wanted to ask Li Zhiwen for help, but Li Zhiwen had been waiting for this day, where would he be willing to help.

So he was rejected by Li Zhiwen. Li Zhiwen gave Luo Yingshi two options. One was to wait for the city garden company to go bankrupt, and Li Zhiwen took over it himself. , of course, the shares per share are not high.

Li Zhiwen was taking advantage of the situation, but Luo Yingshi refused to agree and dragged it on for a long time.

As a result, after Li Zhiwen won the Lai Xin Group, Luo Yingshi realized that if he did not choose, not only the City Garden Company could not keep it, but Eagle King Real Estate could not keep it.

Therefore, Luo Yingshi had to agree to Li Zhiwen’s conditions and transfer his shares to Li Zhiwen at a low price in exchange for a sum of money to save Eagle Real Estate.

And Li Zhiwen took advantage of the situation to privatize the city garden company, and then let Huo Jian screw it to manage.

At this time, although the City Garden Company was immature, it used to only have those lands in the hands of China Bus, but during this time, with the financial support of Li Zhiwen, it has acquired a lot of low-priced lands.

“Boss, the City Garden Company is currently building a building with three million feet of land hoarded, mainly in the New Territories.” Huo Jianzuo introduced.

“I see!” Li Zhiwen continued.

“Everyone also knows their own situation. The first purpose of letting everyone come today is to understand the situation of their respective companies.”

“The second aspect is that I am ready to consolidate these companies given that the company is currently too troublesome to manage.”

“The idea of ​​integration is to spin off all my private real estate companies~www.mtlnovel.com~ to set up a special real estate company, and the company still continues the name of Hutchison Real Estate.”

“In addition, Jinmen Construction and various construction companies were merged, still under the name of Jinmen Construction, as its construction company, and placed under Hutchison Real Estate.”

“Split out the garment-making part of Lixin Group and put it under the Kylin Garment Group.”

“The retail sector under the Dairy Company remains unchanged and continues to operate independently.”

“Watsons Group has emerged as a new retail group.”

“As for Hutchison Whampoa Group Co., Ltd., it continues to exist as a company under Hutchison Whampoa.”

“That is to say, Hutchison Whampoa will include three sectors, Hutchison Property Co., Ltd., Hutchison Port Group Co., Ltd. and Hutchison Pharmaceutical Co., Ltd.,” said Li Zhiwen.

Li Zhiwen spun off the cash flow Watson Group of Hutchison Whampoa.

The purpose of integrating other real estate companies is to dilute other shareholders.