213 Planning HK Electric
On November 11, 1979, Hutchison Whampoa Company issued a notice that Xu Zhi would serve as the chairman of the board of directors of the company, the former Taipan Weili would resign due to health reasons, the former deputy Li Richard would take over from Hutchison as the new Taipan, and Ma Shimin of Evergrande Company would serve as Li Hard's deputy.
Taipan's deputy is basically the company's second person, not to mention the support of the controlling shareholder behind it, Ma Shimin's details were quickly found out by the media, before being hired by Evergrande Company, this person was only in the Jardine Group sales of air conditioning systems and elevators, surprised by this incredible promotion at the same time, many media also pointed out that Evergrande Company was dizzy, and actually hired this kind of person to serve as a high-level Harmony.
"These media know a piece of, and it's all about tossing around. In the chairman's office of the Hutchison Building, Xu Zhi casually threw the newspaper aside, Ma Shimin was the headhunter he entrusted to recruit into the company this summer.
In later generations, this person was the most important right-hand man around Li Jiacheng, in the 80s for Li Jiacheng's business empire expansion to earn sky-high profits, during the helm of Hutchison, he successfully acquired Hong Kong Electric, Canada Husky Energy and other well-known companies, the later generations of Li Jiacheng are full of talents, but hired this person from outside to serve as Hutchison Taipan, which also makes Xu Zhi curious.
During the interview, Xu Zhi found that Ma Shimin was indeed very able to speak, and when he talked about his life experience, he also gave people a strong sense of substitution, so he poached him from Jardine with a high salary.
After the acquisition of Hutchison, he was arranged to enter the top level of Hutchison. In addition to the idea of exercising and observing his abilities, arranging a Briton into Hutchison can also be regarded as a hint to all the British executives of Hutchison: as long as you can make money for the company, Evergrande does not care about your nationality and skin color.
In fact, in the future, Hutchison will inevitably go out of the Xiangjiang River, and the self-produced fish in the small lake of the Xiangjiang River will dominate again, and it will be far worse than that in the sea, and with these white-skinned management, it is also easy to cooperate with European and American countries.
Wang Liming said: "There are also many Chinese management on Hutchison's side, and they are not much used in the original Hutchison, and now they are all applying to be transferred to Evergrande, and I have arranged headhunters to poach people from the top of the real estate Five Tigers, and I believe that our team will be completed soon." ”
"Okay, hurry up, or you'll miss out on the best bonus period. Xu Zhi said with a smile that Evergrande originally did not have much real estate business, but after the annexation of Hutchison, there are many businesses that will cooperate, which has great requirements for Evergrande.
Why work together? That's the benefit of acquiring a public company!
After the acquisition of Hutchison by Cheung Kong Industrial, Li Jiacheng also started a business together:
First of all, a company with a long history like Hutchison must have a large land bank, and then Cheung Kong and Hutchison formed a joint venture to buy the land at a low price and develop it together, and the profit was half of the one.
Intuitively speaking, Hutchison could have earned 100 million yuan, if it was just Hutchison development, then Changjiang Industrial could earn 40 million yuan from the perspective of 40% shares, but after the joint venture of the two companies, the land was bought for 30 million, and the net profit after development was 70 million, and after half of the family, Changjiang took 35 million, and Hutchison earned 65 million (including 30 million for the start of selling land), and after Hutchison made 65 million (including 30 million for the start of selling land), it also needed to divide 40%, that is, 26 million to Changjiang Industrial, that is to say, Cheung Kong made 61 million by using this method.
Later generations of Da Liu was keen to buy listed companies, and then extort the holding family to make a profit, this method is notorious and the profit is not high, the real clever is to buy back, cooperate with legal means, and draw blood from the acquired listed companies to satisfy themselves.
For example, Cheung Kong borrowed HK$600 million from HSBC to acquire Hutchison, but in 1983 alone, Li Jiacheng used his status as a major shareholder to order Hutchison to distribute HK$2 billion in cash, and Cheung Kong shared 700 million, plus the cooperation in other real estate projects, he had already paid off HSBC's loans, and the rest of Hutchison's assets such as Wharf, Central Property, Watsons, and Hung Hom land were basically white, which is the great thing.
Li Jiacheng's rise in later generations was actually largely based on this method to obtain huge profits from the original land of companies such as Hutchison and HK Electric.
Now that he already had such a perfect teacher in his previous life, Xu Zhi of course has to follow the same learning, and now the final madness of the real estate industry is about to begin, which is the best time to develop and develop the commercial land under Huang's family.
Wang Liming said: "Xu Sheng, Li Jiacheng sent people to urge us many times, let us convert 12% of the Yangtze River equity into preferred shares according to the original agreement." ”
"Yes, just come as agreed!" Xu Zhi said.
Wang Liming said: "I understand, I guess Li Jiacheng is anxious for us to change the shares, probably because he wants to dispose of the shares in his hands, or expand the shares to raise funds." ”
"It's possible!" Xu Zhi frowned and said: "Just the handling of Hutchison shares, he already has hundreds of millions of cash in his hands, and the land price has risen sharply this year, Cheung Kong Industrial's performance this year should be very good, not bad money at all, at this time, if Li Jiacheng cashes out financing, it is very likely that he will make a big acquisition! ”
Wang Liming said: "With the help of HSBC, I still need hundreds of millions of funds, but I don't know which company it is, or is it a property in Central?"
Xu Zhi shook his head and said: "It is unlikely to be the property of Central, the companies that like to acquire the property of Central are the kind of companies that keep the company, mainly to stabilize rent collection, or a consortium that cannot develop new projects in a short period of time with a lot of funds, Li Jiacheng's ambition is not only this, it may be different in the future, but at this time it is impossible for him to trap a large amount of money on a Central building." ”
Wang Liming nodded and said: "Li Jiacheng made his fortune on real estate, and the acquisition company must be a British-funded traditional company with a large amount of land, but I don't know which family will be unlucky!"
"I don't think so!" Xu Zhi smiled: "Li Jiacheng is very smart, I don't think he will be stupid to fight with a family-controlled British-funded company, after all, Jardine's Wharf is a lesson from the past, Bao Yugang is worth nearly 1 billion US dollars, and there is also the help of HSBC, but he is still stuck here and can't retreat, if he doesn't run into us, it should be the biggest success of his life, the fundamental reason is that Hutchison has no family controlling shareholder, as long as he gets HSBC, which British-funded stock market fluctuates more in the stock market during this time?"
"There are no family-owned British companies. Wang Liming thought for a while and said, "HK Electric Group? ”
"Yes, it's most likely HK Electric. Xu Zhi said with a smile: "Although HK Electric's own business power generation is not as good as that of CLP, it is in a monopoly position on Hong Kong Island, and the power companies are basically not affected by the economic crisis, while HK Electric has a large amount of land on Hong Kong Island. The most important thing is that HK Electric has been established for more than 100 years and has long since lost its controlling shareholder, which is the best target to start. ”
Wang Liming nodded and said, "It's possible, but it's just our guess!"
Xu Zhi said with a smile: "Whether it's a guess or not, it may be true anyway, since Li Jiacheng secretly put us together, we will return it, and make the first move to buy HK Electric." ”
"Acquire HK Electric again?" Wang Liming suddenly came to his senses and said: "We have also made hundreds of millions of dollars by selling Hutchison stocks, as long as we borrow some cash from the United States, it will be enough." ”
"Don't use this money. Xu Zhi shook his head and said: "Although we temporarily control the board of directors of Hutchison Whampoa, in fact, our equity is only 30%, which is not absolutely safe, and now the remaining funds of Evergrande I am ready to use it to slowly increase Hutchison's stake until it reaches 49.9%." ”
"Xu Sheng, in fact, 30% of the shares are generally safe enough, coupled with the high profits of your other industries, in Xiangjiang, there are no companies that can buy Hutchison. Wang Liming explained.
Xu Zhi shook his head and said, "You don't have to worry about this, I have my thoughts." ”
Read them all