The two chatted in the office again, and Li Wenxian suddenly said: "Chen Shao, I plan to lay off 10% of the staff in Singapore Media Holding Group!" Looking at Chen Hui's calm expression, he continued: "About 500 jobs will be cut by the end of the year!"

He calculated that before the merger of the two group companies, the annual net profit totaled S$700 million (about 3.4 billion yuan), a 32% increase from the previous financial year, mainly because both companies divested their regional online classified advertising businesses, and received a total of about S$350 million. However, revenue from the group's media business fell 13% to S$1.44 billion. He asked someone from the finance department to calculate that the cost of layoffs at Singapore Media Holdings Group was about S$26 million. However, on the whole, the new group's salary costs can be reduced by 8% to 9% after downsizing!

Chen Hui thought for a while and said: "Now is the time period when Singapore Media Holding Group has just been listed, and the announcement of a large layoff may make some investors think that there is something wrong with the performance of the group company, which will inevitably affect the market value of the group company.

Just on the first day of listing, the stock price has only risen, and it is also a good choice to wait until the stock price has risen to the extreme, and then announce layoffs.

Li Wenxian said admiringly: "Yes, Chen Shao!

Chen Hui smiled faintly and said, "Lao Li, Singapore Media Holding Group will be handed over to you in the future!"

Li Wenxian said: "Li will not disappoint Chen Shao!"

Chen Hui nodded, so after the two drank a cup of tea, Chen Hui left the headquarters of Singapore Media Holdings.

··

When Chen Hui returned to Temasek Building, his assistant hurriedly greeted him and said, "Chairman, the chairman of Neptune Group wants to see you!"

"Well, bring him to my office!!" Chen Hui nodded, and then returned to his office.

Neptune Orient Lines (NOL) is a global transportation and logistics company registered in Singapore, with more than 150 years of operating history in Asia, and is currently the largest transportation company in the Singapore stock market.

The President of America Steamship Company, under the group, is one of the top 10 container shipping companies in the world, with a fleet of more than 100 container ships and a total of 40 branches and representative offices in China!

However, now Neptune Group is losing money again and again because of the downturn in global shipping!

Neptune used to be a subsidiary of Temasek Holdings, holding 65% of Neptune's shares, but after Temasek Holdings went bankrupt, about 50% of the shares were transferred to Singapore's sovereign fund, which now dominates Neptune Group!

Chen Hui shook his head, this Lin Zhaojie wants to sell the loss-making Neptune Group to his Standard Chartered Group!

That seems like a good idea!

It was learned from the assistant that Singapore's sovereign fund intends to sell the shares of Neptune Group, but there has been no seller willing to ask for it, and now Neptune Group is worth $2 billion, and the 50% shares of Neptune Group of Singapore's sovereign fund have opened a sky-high price of $1.1 billion, 10% higher than the market price. Moller-Maersk), CMA CGM, these two world giants, the shipping company, but others dislike the price is too high!

So Lin Zhaojie thought of himself and sold this hot potato with repeated losses to his Standard Chartered Group.

Thinking of this, Chen Hui couldn't help but secretly said: "Lin Zhaojie, this stupid bird, my brother really doesn't lack this money, even if I lose 100 million US dollars a year, I will also win and eat the Neptune Group, and the acquisition of the Neptune Group is just right to do something to the Singapore Shipping Group, the world's second largest port operator!

At this time, a middle-aged man walked in, looked at Chen Hui on the boss's chair, and said respectfully: "Mr. Chen!"

He was sent by Lin Zhaojie, named Wu Yisong, and he is the chairman and CEO of Neptune Group!

Previously, Lin Zhaojie asked him to find a seller for the 50% shares of Neptune Group, he was very unwilling, this is a Singapore company, he really doesn't want to fall into the hands of foreign companies, but Chen Hui is a Singaporean, some trust companies under the Standard Chartered Group, many of which are local enterprises in Singapore.

Moreover, Standard Chartered Group itself is a merger of three large banks, Standard Chartered Bank, DBS Bank, and United Overseas Bank.

Now that global shipping is shrinking, almost all shipping companies are losing money, and there is no way to do it!

Even if he tries, he can't go back!

Or sell the Neptune Group!

And when they contacted Standard Chartered Group, the people of Standard Chartered Group were very interested, so this loss-making company could let Standard Chartered Group be a pick-up man!

"Sit down!" Chen Hui said to Wu Yisong: "Wait for me to say hello to your President Lin!"

Wu Yisong smiled awkwardly and said, "Mr. Chen, I will definitely convey it!"

The two drank tea and talked briefly, Chen Hui got to the point, looked at Wu Yisong with a smile and said, "Mr. Wu, I briefly read the year-end report of the Neptune Group, and this money seems to have lost a lot! Are you sure you want to sell me a loss-making enterprise?"

Singapore's Neptune Group reported a net loss of US$77 million (S$108.3 million) in the fourth quarter of last year, narrowing by US$8 million compared to the same period last year.

The core loss of the entire Neptune Group in the fourth quarter was $65 million.

For the full year, there was a net loss of US$181 million, which was 30% narrower than the loss in the previous year. Its full-year core loss also decreased 5% year-on-year to $72 million.

Neptune's full-year group revenue also fell 24% to US$5.41 billion.

And Nima has been losing money for more than 3 years in a row, and also lost $60 million in the first quarter of this year!

Singapore's sovereign wealth fund is really a little naïve, as if his Standard Chartered Group will definitely accept Neptune Group, but Chen Hui does plan to buy this loss-making company!

Thinking of this, Chen Hui said: "Mr. Wu, you explain to me, why I lost so much money, forget it in the first quarter of 2014, just talk about last year, I remember that last year's shipping was not so sluggish!"

Wu Yisong smiled awkwardly and said secretly: "Can a company that doesn't lose money sell to your Standard Chartered Group?"

After all, their Singapore sovereign fund wants Standard Chartered Group to take over this burden, and Neptune Group has lost $1 billion in the past three years, and its net debt size is $3 billion!

They had already planned to sell Neptune Group!