194 Battle of Hutchison Whampoa (3)

"Li Sheng, Xu Sheng, the meeting is about to begin. A Chinese assistant ran over and reminded.

"Thanks, got it!"

Li Jiacheng said to Xu Zhi again: "Xu Sheng, no matter what happens to you and me in the future, Hutchison is not under our control at present, why don't we join forces to win the board of directors first?"

In the original history, after Li Jiacheng first acquired 22.65% of the shares, he did not have any conflict with the current management of Hutchison, but only sought a seat on the board, and at the same time basically did not say a word on the board of directors, and publicly stated many times that he respected Hutchison's management and would not interfere at will.

Regardless of whether all this was just a delaying tactic, his voting power at that time was not enough to completely control Hutchison, and two years later, in 1981, Li Jiacheng increased Hutchison's stake by only 40%, and completely took control of the company, and Wei Li had to leave the company he was responsible for.

Xu Zhi smiled and said: "I don't think it's necessary, Wei Li is also a talent, and it only took a few years to turn losses into profits, if it weren't for the high loan interest rate in recent years, Hutchison would have completely recovered its former glory!"

With the current shares of Li Jiacheng and Xu Zhi, joining forces to buy some shares or win over some shareholders can indeed completely reshuffle the board of directors and replace the British management, but once this happens, there is a new question: who should be responsible for the vacant positions?

Obviously, other directors and shareholders will choose Li Ka-shing over Xu Zhi as long as they are in their right minds, after all, the development of Cheung Kong is vivid in everyone's minds, and although Xu Zhi is worth more, he is obviously not suitable for running a large company like Hutchison Whampoa.

Moreover, Evergrande is only a start-up and does not have a few personnel, while Cheung Kong has been operating for decades and has gathered talents, and Li Jiacheng has an absolute advantage in this regard.

Li Jiacheng said: "The expulsion of British capital by Chinese capital is the trend of the times, and Xu Sheng is not very good, right?"

Xu Zhi said with a smile: "Since the British capital is expelled, why are there countless ghosts inside Cheung Kong Industrial?"

"It's different, they're just working for a Chinese company!" Li explained.

Xu Zhidao: "Then Wei Li and they are the same, no matter whether Hutchison Whampoa belongs to you or me in the future, the Chinese capital has already become the owner, this is the truth, if we immediately expel Wei Li and others, it will only cause chaos within the company, which is more than worth the loss!"

Li Jiacheng was silent for a while and did not speak, and the two soon walked into the conference room of Hutchison Whampoa together, and Wei Li, who was sitting in the chairman's seat, immediately looked ugly when he saw Li Jiacheng, but saw that Xu Zhihou had improved again, he was a big class and majestic on his face, but if he was against the major shareholder behind him, he had a congenital weakness.

He worked hard to succeed in the operation of Hutchison Whampoa, and it was the time to prepare for rapid development and challenge the Jardine Matheson system, HSBC sold all its shares to Li Jiacheng, but it was unexpected, and it was unthinkable that another Chinese-funded giant actually took a fancy to Hutchison, and the two major shareholders conflicted, so that he as a manager had the opportunity to meet the source.

At 10 o'clock in the morning, all the senior management of Hutchison Whampoa was in place to attend the meeting.

Although Britain has declined, the concept of "aristocracy" is still reflected in their bones, even if they are in a bad mood, but Wei Li's face is not bad at all, and he sits on the chairman's seat and happily announces: "Congratulations to our Hutchison Company for adding 2 more directors today!"

Everyone applauded, and Wei Li waited for the applause to disappear and asked Xu Zhi and Li Jiacheng respectively: "Xu Sheng and Li Sheng, the two of you are participating in the board of directors of Hutchison for the first time today, I don't know if you have any ideas? Or if you have any opinions on the development of Hutchison, you can say it directly!"

Xu Zhidao: "I don't have any opinion, Wei Li, you can turn Hutchison into a profit, I believe that the current management will be able to bring Hutchison into a better tomorrow!"

"At present, I don't know the specific situation of Hutchison, there is no problem for the time being!" Li Jiacheng did not have Xu Zhi's cooperation, and he couldn't target Wei Li on the first day, so like later generations, he chose to keep a low profile.

Wei Li nodded with satisfaction and said: "The two of you are modest, Xu Sheng and Li Sheng are both elites of the Chinese in Xiangjiang, and if we can join us and Huang today, we will have many opportunities to cooperate in the future." ”

Seeing that neither of them spoke, Wei Li immediately frowned, but he was still the host of the meeting, so he could only continue the meeting.

The topic of the meeting was about the demand for wage increases for workers at the Wharf Harbor and how to develop several of its plots.

After joining the board of directors, Xu Zhi obtained some internal information of the company, and only then did he know how rich the assets of Hutchison Whampoa, as one of the four major foreign companies in Hong Kong, were.

At present, Hutchison Whampoa has a total of 8 listed companies, namely Hutchison Properties, Watsons, Hubbell, Anderson Group, Kwan Yi Cang, Whampoa Dockyard, Harbour Engineering and Metropolis Properties.

These 8 companies are the core assets of Hutchison, the number of direct employees alone exceeds 20,000, but the scale is also a big problem, in 75 years when Wei Li took over the Hutchison Taipan, Hutchison has a total of 315 branches, it is estimated that even Qi Dezun (Hutchison's previous Taipan) may not be able to remember all the names.

In the first year after he came to power, he sold or dissolved 107 companies, and there are now 180 nominal branches.

But so far, Hutchison Whampoa still has short-term liabilities of 760 million Hong Kong dollars, long-term liabilities of 570 million Hong Kong dollars, its branches are more indebted, and the largest seaport project has been seriously loss-making, in order to solve the huge debt, Wei Li decided to develop a large amount of land under Whampoa Dock, but the biggest problem is that the nature of the land is industrial land, if you want to build a commercial building, you have to pay the cost of industrial transformation first, on this policy almost blocked the idea of Hutchison to develop a huge amount of land.

Halfway through the meeting, Wei Li asked Li Jiacheng: "Li Sheng, you are an elite figure in the Chinese real estate industry, and your Cheung Kong Industrial has also cooperated with Wheelock and Heung Kong Electric to develop real estate projects in the past two years.

Li Jiacheng shook his head and said: "Although the Yangtze River Company also cooperates with some British-funded companies, but the development is basically their old land, although the location is average, but the nature of the land is commercial, and the industrial land is changed to commercial land, the Hong Kong government is a hurdle that everyone can not bypass, and Huang has commercial land and industrial land, if the development of commercial land, I Cheung Kong Industrial is happy to work together, but the industrial land is really powerless." ”

"Then we'll discuss it later!" Wei Li replied lightly, almost directly stating: What else do I want you to do with commercial land?

Xu Zhi did not speak, but what Li Jiacheng said was true, in later generations, Li Jiacheng also waited until the real estate crisis in 83 years when housing prices plummeted, and the Hong Kong government's income fell sharply, so as to solve the nature of the 2 million square feet of land under the Hutchison banner in Hung Hom.

After the meeting, Li Jiacheng walked up to Xu Zhi and asked, "Xu Sheng, how do you feel after attending this meeting?"

"It's very uncomfortable!" Xu Zhi replied: "In our territory in Xiangjiang, we actually speak English in a meeting!"

I don't know if it's always like this, or if it's off, Wei Li spoke English throughout the whole process, although Xu Zhi and Li Jiacheng can also understand, but there will be too much unclear information involved in the meeting, and then when it comes to the English meeting, Xu Zhi can't understand many aspects, but it's not good to run to ask others.

Li Jiacheng said: "Xu Sheng, in fact, I really don't want to have internal friction with you, we are very clear about your strengths, you are good at creativity and I am good at management, as long as we join forces, we can run Hutchison Whampoa Company very well." ”

"Li Sheng, you and I are both smart people, don't you really know the real purpose of my acquisition of Hutchison Whampoa?" Xu Zhi said lightly.

Li Jiacheng frowned and didn't say anything more.

Xu Zhidao: "Li Sheng, this game has just begun, and you can quit now, but once you enter the game, I'm afraid the ending will not be something you can control."