Chapter 559: Recuperate
After Zhang Ziyu left, Li Guangyu called Gan Qin and went to Wheelock Group together.
Since Guo Qingya took charge of Huidefeng, the group has continuously started the mode of selling and selling, resulting in a group with a market value of nearly 10 billion Hong Kong dollars at its peak, and now its assets have plummeted to less than 4 billion Hong Kong dollars.
One is that at its peak in '81, the market value of the stock market was inflated, and Wheelock's own assets were obviously not that much.
Second, some subsidiaries were transferred to other groups under the Li family, and Guo Qingya did not hesitate to sell the group's ships and properties at a lower price, which also made a large loss.
However, now the Wheelock Group has abundant liquidity, and they have more than 2.5 billion Hong Kong dollars in cash on their finances.
In the conference room of the Wheelock Group, Guo Qingya and Bai Jiangting and other high-level executives were waiting for Li Guangyu's arrival.
After the high-level meeting of the Lee Group was held in May, this was the first time in more than a month that these high-level executives met with Li Guangyu in the collective.
They all thought that Li Guangyu had forgotten about Wheelock Group, and after the high-level adjustment was over, Li Guangyu first went to Jiayi Group, followed by Air Transport Group, Hongyu Clothing Group, etc., but never came to Wheelock Group.
This made these high-level executives quite frustrated, Wheelock used to be one of the four major foreign companies, and now it has become the way it is now under the Lee family, which makes their high-level executives feel very faceless.
It's just that the group's sale of properties and ships was decided by Li Guangyu himself, and they didn't dare to complain, they just hoped that such a day would pass as soon as possible.
Lee's other groups are working hard to expand, only Wheelock Group does not expand, and it is still shrinking the group's industry, making it incomparable with Heung Kong Telephone Group.
They can only envy Starlight Real Estate Group for constantly developing new properties on the treasure island, while Wheelock, which is also positioned as a real estate-based company, does not have any plans to develop new projects at present.
After Li Guangyu and Gan Qin walked into the conference room, Guo Qingya reported to Li Guangyu on the current situation of the Defeng Group.
After Li Guangyu stopped reporting, he said to the audience: "Since the adjustment of the group's position last month, I am very satisfied with the development of Wheelock, you have faithfully implemented the plan of the group's top management, so that the Wheelock Group has a very considerable liquidity. ”
Only Guo Qingya and Bai Jiangting, vice chairman and vice president of the group's board of directors, knew Li Guangyu's specific plan, and other senior executives only knew about it.
Although the group has a lot of cash in hand, the market value of the group has decreased, and they are not very happy. They all hope that the market value of the group they work for is as large as possible.
It's good to come to Wheelock, people are making the group bigger and bigger, but now they are doing the opposite, the group is getting smaller and smaller, which is not very glorious in their resume.
In addition to the chairman of the shipping company, some senior executives of Wheelock Real Estate Company and Starlight Real Estate Company were exchanged, and this time the vice presidents of Wheelock Group were all transferred from outside, and a vice president promoted by Wheelock was also transferred to Starlight Real Estate Group.
This also further strengthened Li Guangyu's control over the group, after the previous acquisition of the Wheelock Group, due to some reasons, Guo Qingya came to work in the Wheelock Group single-handedly, and some managers of the Wheelock Group thought that they had qualifications and connections in Wheelock, and greatly discounted some of the things that Guo Qingya ordered.
The last time Li Guangyu made personnel adjustments, he specially cleaned up the Wheelock Group and dismissed several senior executives of the Wheelock Group.
Li Guangyu then made an arrangement for Wheelock's development plan for this year, and after Li Guangyu finished speaking, the senior management of Wheelock Group was very stunned.
They didn't expect that this year was only halfway through, and they would have few tasks this year. Li Guangyu's task for Wheelock this year is to recuperate, and he has no plans to open the market for a year. And the liquidity of the group will also be withdrawn for other investments, which is quite difficult for them to accept.
Li Guangyu knows that even after the property market crashes, the price will not fall to the trough in a short time, and there is no chance to buy the bottom this year, and it is a waste to put this money into the group's account.
Li Guangyu plans to put the funds on the side of the investment company, and he plans to let Guo Fengtao and them start to short the Xiangjiang stock market again in early September, and if they are lucky, the 2.5 billion Hong Kong dollars can be doubled by then.
Even if these high-level executives have too many opinions in their hearts, they can only listen to the fact that the Wheelock Group is wholly owned by Li Guangyu, and they don't need to agree at all to what Li Guangyu wants to do.
"I know that some managers have some ideas in mind, and please rest assured that Wheelock will be one of the key development groups under our Lee family in the future," Lee said. In the future, the Xiangjiang side will be dominated by the Wheelock Group, and the Starlight Real Estate Group will not be too involved in the development of the Xiangjiang real estate industry except for the Tin Shui Wai side. You should also be clear about my views on the Xiangjiang property market, and this return of funds will also be copied in the future. ”
Listening to the reassurance given by Li Guangyu, these high-level executives finally felt a lot more relieved, and in the future, their group will not need to compete with Xingguang Real Estate Group for resources in the development of Xiangjiang, which will be of great benefit to them.
There may be problems in the Xiangjiang property market this time, but they believe that the Xiangjiang property market will climb to a new height after a few years of troughs like 74 years.
Guo Qingya said: "Li Sheng, we will unswervingly implement your plan, in the next six months, we will focus on stable development, suspend the development of real estate, and wait for your new order." ”
Guo Qingya doesn't care about the reduction of the market value of the Wheelock Group now, which has no effect on her.
Moreover, once the property market reaches a low point, she Wheelock Group will have a large amount of capital injection, and the ownership of the new building of the Li consortium costing more than 6 billion Hong Kong dollars will be transferred to the Wheelock Group, and it will be easy for the market value of the Wheelock Group to exceed 10 billion yuan in the future.
After the meeting, Li Guangyu deliberately left Guo Qingya and the five vice presidents.
Li Guangyu said to them: "The Wheelock Group does not have a lot of business now, so you have to straighten out the affairs of the Wheelock Group, and when you accelerate the expansion next year, you will be able to play it well." ”
Since the five vice presidents are all newly transferred, although they all used to work in Xingguang Real Estate Group and Xingyue Real Estate Group, they are no strangers to real estate.
But Wheelock also has a major pillar is the shipping company, even if Guo Qingya reduces the size of the ship to more than 30, there are still more affairs, especially for those of them who used to be engaged in real estate.
Fortunately, now the Wheelock Group does not need to expand, it is enough to have the chairman of the shipping company to preside over the affairs of the shipping company and some supporting subsidiaries, and this chairman was specially invited by Li Guangyu from his father-in-law's shipping group. And these high-level officials are now more to understand the affairs of shipping, so as to facilitate their management in the future.