Chapter 445: Wheelock's Predicament

Since Guo Qingya took over Wheelock, there has been no peace of mind in the past few months. Wheelock's important assets are mainly in real estate and shipping, both of which have recently been less optimistic about Lee.

After Guo Qingya took office, she began to clean up the assets of these two major companies, but unfortunately in the past three months, she has not achieved too good results.

Between 79 and 80 years, its Wheelock Shipping Company not only acquired a large number of fleets sold by Pao Yugang, but also ordered ships in Japan, Denmark and the mainland, if all these fleets returned, the market value of these fleets would exceed 1.7 billion Hong Kong dollars, and the ships ordered in various places still have nearly 300 million Hong Kong dollars unpaid, which is also a considerable pressure on Wheelock.

Guo Qingya knows that the Xiangjiang property market is now in turmoil, and she has not been able to sell many assets under the real estate company in the past few months.

Guo Qingya came to Li Guangyu's office on the morning of December 2, and reported to Li Guangyu again on the recent situation of Wheelock, and hoped that Li Guangyu could think of a way for Wheelock.

After listening to Guo Qingya's report on Wheelock, Li Guangyu thought about how to maintain the continued development of Wheelock, the shipping side is indeed very difficult, and now the shipping industry has begun to decline, and the ships in Wheelock's hands are not easy to find someone to take over.

As for Wheelock Real Estate Company, Li Guangyu is not too worried, as long as he doesn't take the land anymore. As for how to repair the ones under construction, anyway, there will be temporary losses in the past two years, and they will be multiplied in the future.

Li Guangyu said: "Qingya, the assets of the real estate company are managed by your property company, and it is good to implement the policy of our Starlight Real Estate Company within one or two years, which you are very familiar with." ”

As Guo Qingya, who has been in charge of the Starlight Real Estate Group for more than two years, she naturally knows the real estate business very well, and she knows that in addition to developing the treasure island market, the Starlight Real Estate Group is waiting for the property market to collapse in Xiangjiang, and then the Starlight Real Estate Group will enter the bottom.

She herself wanted to take advantage of the current peak of property market prices to sell some properties and make a lot of money. After the property market crashed, she bought it back so that she could make a high profit in it, but her idea did not come to fruition in the past few months.

Guo Qingya said: "Li Sheng, there is no big problem on the real estate side, and the main problem is still in the shipping company. Due to the wrong decision of the Madden family, the company currently has more than 100 ships, and many more are being built in Japan and mainland China. We also have to pay follow-up funds, but I am afraid that the shipping company will be very difficult in the future. ”

Now Wheelock's fleet can rank third in Xiangjiang, second only to Dong Haoyun and Zhao Congyan, and he must start to reduce the fleet in his hand, otherwise it will have too much impact on Wheelock's development. With such a large fleet, when shipping is in a recession, the maintenance cost alone is enough to drag Wheelock down.

Li Guangyu said: "Qingya, you contact the major shipping companies in Southeast Asia, we will sell the fleet in hand at a discount, I believe that if you sell it at a low price, there will still be some shipping companies interested in it." ”

Guo Qingya was very happy with Li Guangyu's order, and she herself thought about disposing of these ships in her hands at a low price, and then the shipping company would only leave thirty or forty new ships in recent years to maintain the operation of the shipping company.

It's just that she herself has no right to sell these ships at a low price, and one of the purposes of her coming to Li Guangyu this time is to hope that Li Guangyu can agree to deal with the fleet in her hand at a low price and reduce the impact of the high maintenance costs of the fleet on Wheelock. Unexpectedly, before she could say it, Li Guangyu ordered her to dispose of the fleet at a low price.

Guo Qingya said: "Li Sheng, now the shipping industry has just been depressed, coupled with the reform and opening up of the mainland, many shipping companies are still more optimistic about the shipping business in recent years, I believe that if we sell at a discount, there will definitely be many shipping companies to buy." ”

Li Guangyu also knows what some people think, such as Dong Haoyun, who is still optimistic about the development of shipping in the next few years, and the size of his huge fleet still shows no signs of decreasing.

Li Guangyu said: "Qingya, you can just look at this aspect, and at the same time, you have also merged some companies under Wheelock, and now there are too many subsidiaries, which is not conducive to your management." ”

In addition to dealing with the business of real estate and aerospace companies in the past few months, Guo Qingya has spent the rest of her time sorting out the companies of the Wheelock Group.

Wheelock is one of the four major foreign firms, with more than 200 large and small subsidiaries. Guo Qingya was a little confused when she looked at such data at that time. Such a group with a market value of more than 4 billion Hong Kong dollars has so many subsidiaries.

At the same time, she also knows that due to the impact of the stock market crash, the market value of the Wheelock Group is undervalued. Even if the Lee Group acquired at a premium and spent more than 6 billion Hong Kong dollars, there was still no big loss.

However, it has caused great pressure on her management, and there are only many subsidiaries of the Li Group, and the acquisition of Wheelock has increased the number of Li Group companies many times in an instant.

Guo Qingya said: "Li Sheng, we still need the cooperation of other groups in this regard, and we plan to transfer some companies that are not very related to other groups to the side of the groups that are closely related to other groups, which is also conducive to the development of our Li Group." In the future, the Wheelock Group will focus on real estate, shipping and trading. ”

Li Guangyu has no opinion on this, and after dividing out the other subsidiaries, Guo Qingya can also devote himself to these main businesses.

Li Guangyu said: "You clean up the group, make a document, and at the year-end meeting, discuss with the senior management of the major groups at the meeting to see how it is more appropriate." In addition, you have transferred 25% of the group's shares in Hactl to Heung Kong Airlines, and I plan to acquire this company this time, so that our aviation group can control the aviation market in Hong Kong. ”

Guo Qingya said: "Okay Li Sheng, I will contact General Manager Zhao Wenhua after I go back, and I will complete this transfer task as soon as possible." ”

Guo Qingya is not worried about the significant shrinkage of the assets of the Wheelock Group in her hands, she knows that if she gives these up now, when they expand, Li Guangyu will inject a lot of funds into their group to support, especially when Xiangjiang Real Estate buys the bottom, Li Guangyu will definitely consider the situation of Wheelock.

Starlight Real Estate is actively exploring the treasure island market, so the future market in Xiangjiang is dominated by Wheelock, and it is impossible for the Li Group to let the two real estate groups expand vigorously in Xiangjiang at the same time.

And she knows that Li Guangyu is very optimistic about the future real estate industry in the mainland market, and because of the vigorous development of the treasure island by Xingguang Real Estate Group, she will have more advantages than them to enter the mainland market.

Guo Qingya even thinks that Li Guangyu is expected to let Wheelock develop the Xiangjiang and mainland markets in the future, while Starlight Real Estate Group will develop the international market, so that the two groups will form a dislocation development. In this way, it will not only avoid the infighting between the two groups, but also avoid some other factors.

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