Chapter 598 Divestitures and New Companies

After all, the Heung Kong Electric Light Company has a history of 90 years, and after such a long time, it has long been not limited to the electricity industry.

It can be said that Heung Kong Electric Company is a diversified group company, and the company's business scope can be roughly divided into five parts.

In order of volume, it is divided into five parts: real estate, electric power, engineering construction and services, electrical trade and other investment shares.

In recent years, because the real estate industry has gradually become popular, a company wants to do real estate, so the Heung Kong Electric Light Company, which has a huge advantage, is no exception, and is deeply involved in the real estate industry.

The real estate business was originally under the direct management of the second largest shareholder and president, but after he left, the position became vacant.

The remaining four are all heads of various business areas.

After listening to their introduction, Xia Yu bowed slightly, looked at Zhou Keji again, and ordered: "How is the overall situation of the company?"

Zhou Keji had already accounted for all aspects of the assets of the Heung Kong Electric Light Company by the employees of the accounting firm, and he already knew it in his heart, so he reported with a calm face: "Report to the chairman, the Heung Kong Electric Light Company has total assets worth 8.75 billion Hong Kong dollars, liabilities of 5.63 billion Hong Kong dollars, and net assets of 31.2 billion Hong Kong dollars, of which real estate business assets account for 53.3%, power business assets account for 25.5%, engineering construction and service business assets account for 12.4%, and electrical trade ......."

Hearing this data, Xia Yu raised his eyebrows, he didn't expect that the net assets of Xiangjiang Electric Light Company would be as high as 31.2 billion Hong Kong dollars, which was completely beyond his expectations.

Although he knew that most of the current British-funded companies had a market value lower than their actual value, he did not expect that after the incident of the Wharf Company, the Xiangjiang Electric Light Company would be so outrageous.

It only cost 2.27 billion Hong Kong dollars to buy the entire company, which means that in terms of net assets alone, his acquisition has a profit of 850 million Hong Kong dollars.

Not to mention that the value of a company cannot be simply calculated as net assets, but also as other invisible values such as industry influence and volume value.

However, Xia Yu learned that the main reason why Heung Kong Electric Company has so many assets under the accounting of Standard Accounting Firm is because of the value of real estate such as land and surface buildings.

After all, the Heung Kong Electric Company has the power franchise on Hong Kong Island, and in the last century, it has acquired a large amount of land to build power plants, as well as land for the power plant's supporting factories and facilities.

Ninety years later, the power plant has undergone expansion, relocation and other changes, the company's land is more and more, only increasing, not decreasing, because the Heung Kong Electric Light Company is a British-funded enterprise, and its original power plant land is in or near the urban area, taking into account the overall planning of the city, so the Hong Kong government has approved the change of its land nature several times, from industrial land to commercial land, and the value has soared.

It is precisely because of this huge advantage that Heung Kong Electric Company will want to enter the real estate industry.

After all, with such a big advantage, as long as the operator is not a fool, of course, it is impossible to put a big gold mine and not dig it.

But now everything is cheap, Xia Yu.

"Well, I also understand the situation, for the good development of the company, the company will be rectified next. ”

Xia Yu said, everyone immediately had serious expressions and looked at him intently.

"Heung Kong Electric Company has now deviated, in the initial power business has been far behind the China Power Company, although there are reasons for the franchise area, but it is undeniable that the most important reason is that the company's main focus is on the real estate business. ”

Next, all the real estate-related businesses were divested and absorbed by Jiuding Real Estate Group. ”

"Shihao, speed up, but the premise is stability, understand?"

"Understood!"

Liu Shihao replied loudly in high spirits, and his heart was full of enthusiasm.

The total assets of the real estate business of Heung Kong Electric Light Company have reached more than 4 billion Hong Kong dollars, although there are also many liabilities, but it is undeniable that the volume of this real estate industry alone is equivalent to the size of a large real estate company in Heung Kong.

Now it is directly annexed by Jiuding Real Estate Group, which will make Jiuding Real Estate Group's strength leap, far surpassing Henderson Land, New World Development, Cheung Kong and other companies.

As for Han Tianze and other original high-level officials, although they were in their hearts, they still obeyed Xia Yu's orders.

Although they felt very sorry, but this was the will of the boss, and no one could stop it, and there was no person in charge of the real estate business, let alone anyone who came out to give advice.

Just starting this out, they also began to worry about their fate.

Xia Yu's eyes looked at Han Tianze, and he said calmly when he was worried: "Han Tianze, from now on, you will be the general manager of the company, responsible for the overall company of the group company, and directly manage the power business. ”

"Yes!"

Han Tianze was pleasantly surprised and replied loudly.

Xia Yu bowed slightly, looked at Liu Hong again, and said to him: "There are two major parts of the engineering construction and service industry you are responsible for, one is the construction of power plants, power grid laying and service departments, and the other is the service of real estate construction departments. ”

"The real estate construction department is all under Jiuding Real Estate Group, and in the future, you will manage the power-related engineering construction and service business, and assist Han Tianze in taking care of the company, understand?"

Liu Hong secretly sighed in his heart that his power had shrunk significantly, but he didn't dare to complain, it was already very good to be an executive, so he replied respectfully: "Understood!"

"As for you......"

Looking at Song Hai, Xia Yu hesitated for a moment and fell into thought, which made Song Hai's heart rise to his throat.

At this time, I heard Xia Yu say: "Electrical trade business, acting as the general distributor of Siemens in Germany, Whirlpool in the United States and other companies in Xiangjiang, this is a great advantage, but the disadvantages are also obvious, that is, focusing on being the general distributor, looking down on the field of electrical retail, the right to speak is not heavy, and the profit is too low." ”

"The terminal electrical appliance retail industry has a large market, as long as the volume goes up, it can counterpressure suppliers, so it must be vigorously operated. ”

"The electrical trade department is independent, become a wholly-owned subsidiary of Jiuding Retail Group, the name is Jiuding Electrical Appliance Sales Co., Ltd., to serve as the general manager, I will give you a task, half a year in Xiangjiang and Aomen to open six electrical retail malls, and the most important thing is to build a good supporting after-sales service system. ”

Song Hai is mixed because he has become the general manager of a company, his rights and freedom have increased greatly, and the boss will strongly support him depending on the situation.

But it is precisely because of this that I feel sorrow, or stress.

Half a year in Hong Kong and Macao to open six electrical retail stores, certainly not the kind of small electrical retail stores, at least the variety of electrical appliances to complete, so that's it, the most rare is to improve the after-sales service system, just maintenance personnel are difficult to find, but also to ensure the level.

However, although the pressure was high, since the boss valued it, he couldn't let the boss Xia Yu down, so he took a deep breath and solemnly responded: "Guarantee to complete the task!"

Xia Yu also knew the difficulty, and said earnestly: "You don't have to worry about funds, the electrical appliance retail industry focuses on service, so the after-sales service system should pay more attention to it, don't let me down!"

"Yes!"

Song Hai puffed up his chest and replied again.

Xia Yu has high expectations for Jiuding Electric Appliance Sales Co., Ltd., so he will focus on building an after-sales service system.

As long as the retail terminal is formed, you can enter the electrical appliance manufacturing industry at any time, and with the help of a good retail system and after-sales service system, you will soon be able to build a new brand of electrical appliances, which is what he likes.

Next is other investment business, Xia Yu according to the list sorted out by Zhou Keji to strip out the irrelevant business, and then notify his major companies to take over, leaving only the part related to the power business.

As a result, the Heung Kong Electric Light Company has returned to its original state, becoming a single power company, and the company's assets have shrunk significantly, leaving only more than 2 billion Hong Kong dollars in assets, most of which are still real estate such as power plants and power grids.

In Xia Yu's plan, Heung Kong Electric Light Company has been engaged in the power industry for 90 years, and there is absolutely no problem in terms of technology and management operations.

Xia Yu is ready to use this base point to let Xiangjiang Electric Light Company rush out of Xiangjiang, go to Asia, and enter the world power field.

It is precisely because of so much consideration that the Heung Kong Electric Company is not allowed to be half-hearted.