238 Ma Shimin

Jordan has signed a contract, but he can't join the Bulls for the time being, and after registering the Jordan international trademark in the United States at the same time, Xu Zhi also flew back to Xiangjiang.

From Tsim Sha Tsui to Yuen Long, from Kwun Tong to Kwai Tsing, a large number of residential plots have broken transaction records, and the residential floor prices in some prosperous areas have exceeded 1,000 yuan a foot.

Evergrande Properties, which has been hailed by the media as the largest real estate group in Hong Kong in the future, has kept a low profile, and has been developing the land of its two subsidiaries since the acquisition of Hutchison Whampoa and HK Electric, and has never participated in the land auction held by the Hong Kong government.

"Xu Sheng, this is the recent financial report record of Hutchison Whampoa!" As soon as Xu Zhi returned to Xiangjiang, Ma Shimin came to report on the recent developments.

Evergrande has been in charge of Hutchison for more than half a year, during which time Ma Shimin has successfully won the trust of most of the former British management by exerting his excellent communication skills, and arranging for many Chinese to join the company's core departments: finance and human resources.

Although Xu Zhi agreed, but also considering that he had helped him, after some conversation, Richard decided to start his own business, and at the same time undertake some logistics supply business for Hutchison Whampoa Terminal.

As for HK Electric, in history, Li Ka-shing once intended to use his funds for overseas acquisition and investment, but was vetoed by the British government at that time, on the grounds that the funds of public resource companies could not be used for overseas high-risk investments, so Li Ka-shing later split HK Electric.

In this life, Xu Zhi has had this intention from the beginning of the acquisition, HK Electric's power generation business profits are stable, will not fall but will not rise, this kind of enterprise can just be handed over to the original management to manage, and after the real estate business was divested, Evergrande Group spent 2 months, spent a huge amount of money to fully privatize it, and became part of Evergrande Real Estate.

"Yes, so many useless businesses have been removed, and Hutchison Future is to travel lightly, as long as he grows big in the industry he is proficient in, it is more influential than this kind of branch with hundreds of messy branches!" Xu Zhi was very satisfied with Ma Shimin's results.

After becoming the new Hutchison Taipan, Ma Shimin quickly sold Hutchison's shipping company at cost price according to Xu Zhi's intentions, and then immediately began to close or sell non-core businesses one after another, while laying off reasonable employees, he also uprooted some British management who did not obey the command, and returned more than 800 million Hong Kong dollars for the development of the company's land in non-gold areas.

Ma Shimin nodded and said: "At present, Hutchison's business is basically only retail, docks, real estate, trade, and daily chemical products, and these branches left by Qi Dezun have basically been sold, and the number of employees in Hutchison has dropped to 17,000, which is only half of what it used to be." ”

"A lot of people doesn't necessarily mean a lot of power!" Xu Zhi said with a smile: "Only if the core business is done well, high profits are the most important." ”

In the era of Qi Dezun, Hutchison bought the company aggressively in order to expand the scale, the same as the current Jianing, and after Xu Zhi took over, he did the opposite, selling a large number of useless assets in exchange for the development of the core business, and Li Jiacheng in later generations also did this, but not as decisive as Xu Zhi did, in addition, around the 90s, Li Jiacheng invested in the telecommunications and energy industries.

Xu Zhi asked, "How is the real estate business?"

Ma Shimin nodded: "At present, Evergrande and Hutchison have jointly developed more than 30 real estate projects, involving more than 5 billion Hong Kong dollars, as long as the pre-sale of pre-sale next year, the company's profits will inevitably increase significantly." ”

"Not bad!" Xu Zhi was very satisfied with this, and he had already made detailed arrangements for the real estate business.

Although the original HK Electric Company has been spun off, it will take several years before the new power plant can be put into operation, so the original power generation facilities are still operating on the land of the famous "South Horizons" and "Laguna City", and cannot be developed at present.

The later Whampoa New Village, which is currently the largest Hung Hom land under Hutchison Whampoa, is still industrial land, and naturally it is not the time for development.

As long as it takes another year, the real estate will reach its peak and valley, but in fact it is far from the madness of the 90s, so the real large land or the land with a better location of the company is not in a hurry to sell, but mainly to develop a little less but a large number of land, which is used to recoup funds for the future.

However, unlike several other Chinese-funded real estate companies, Evergrande and Hutchison are mainly engaged in commercial office and industrial office buildings, with very little residential involvement, and some land is sold directly.

Ma Shimin said: "At present, we and Huang have occupied three berths at Kwai Tsing Container Terminal, controlling almost 40% of the import and export business of Xiangjiang, and it is said that the Hong Kong government has plans to develop a seventh berth, should we participate in the auction?"

"Of course, to participate, the terminal business cannot lose money, although the initial investment is a little larger, but as long as it starts operating, it is equivalent to sitting and collecting money. Xu Zhi replied with a smile. Hutchison's core business is the wharf, which not only makes money, but most importantly controls the movement of goods and a large number of jobs in the entire industrial system, and has a great influence on the government, not to mention, in the future, he also plans to expand the wharf business to the mainland.

However, there is no rush for the time being, although the Hong Kong government has plans, but it will soon be delayed due to the property crisis and Sino-British negotiations, and it was not until the mid-80s that a seventh berth was put on the agenda.

Ma Shimin thought for a while and asked: "Xu Sheng, why do we still want to leave the daily chemical business, the market share of Hutchison Daily Chemical Company is not high!"

"That's the case at the moment, but it's not the market I'm interested in. Xu Zhi explained with a smile.

Hutchison has a one-day chemical business, producing soap, laundry detergent and other products, and the main market is Xiangjiang and some surrounding Asian countries, the scale is not very large, but this business Xu Zhi is very optimistic, because in the future of the mainland, this market is untapped virgin land.

In the original history, in the mid-to-late 80s, the reform and opening up of the mainland began to implement greater easing policies, and the field of daily chemicals was also liberalized, but large multinational companies are still more cautious and worried about cultural differences, so it has become the best choice to find local capital giants in the same industry for cooperation.

Procter & Gamble, an international daily chemical giant, chose Hutchison Whampoa, and the two sides set up a joint venture with a 69:31 share, but no one expected that the mainland economy would develop rapidly, and in order to recover the shares, Cleaner & Gamble finally paid $1.8 billion to be single.

On the other hand, the joint venture with Procter & Gamble also made Hutchison's accumulation in the field of daily chemicals grow rapidly, and after the "breakup" with Procter & Gamble, it entered into a joint venture with the mainland White Cat Company, which not only occupied a large number of markets, but also completely annexed the brand.

Xu Zhi said: "Daily chemical products will be one of Hutchison's main businesses in the future, don't just look at short-term returns, so let's allocate another 30 million Hong Kong dollars for daily chemical companies to use for the research and development of the latest technology and market development." ”