Except for Li Hualong, at this time, there are few people in the world who think that Hong Kong will develop into one of the most developed regions in the world within ten years, and almost every household will use gas in the future, and he vaguely remembers that the market value of China Gas Company will exceed 100 billion Hong Kong dollars in the future, and if the market value of this company can really exceed 100 billion Hong Kong dollars in the future, plus there are profit dividends every year, it is still very cost-effective for him to buy China Gas now.

In addition, Li Hualong took a fancy to some land and properties owned by China Gas.

After Li Hualong became the vice chairman of the board of directors of Towngas, Towngas held a press conference.

When it came to the reporter's question session, most of the reporters asked Li Hualong questions.

"Mr. Li, will you wholly acquire China Gas in the future?"

"I haven't thought about it yet. If in the future, the majority of the shareholders of Towngas want to sell their shares to me for cash, and I feel that I can make a profit by buying these shares, I will definitely buy them. ”

"Mr. Li, which other listed company do you plan to acquire?"

After hearing this question, Li Hualong laughed and asked, "This friend, are you a shareholder?" ”

"Yes. A few years ago, I invested in stocks and made some money, but the year before last, there was a stock market crash, and all the money I made before was lost. ”

"Investment is risky, and you need to be cautious when entering the market." Li Hualong said in a deep voice, "In the future, I will definitely acquire many companies, including listed companies. As for you asking me which public company I plan to acquire, I can't answer that question. When I'm going to buy a full deal of a company's shares, I'm sure I'll make the news public. When I feel that a company's stock is undervalued and I want to buy the dip, then I definitely don't want others to know. That's it! ”

February 27th. Willy convened a meeting of all 145 senior executives of Hutchison International, which was attended by Li Hualong as chairman of the company's board of directors.

At the meeting, Li Hualong did not say a word, and his attitude was known to the company's senior executives. Chairman Li Hualong absolutely supports Wei Li.

Willy explained to the company's senior executives the symptoms of the problems existing in the Hutchison International Group and proposed solutions to solve them.

Willy pointed out that the rapid development of Hutchison International and the loss of control of the management have caused the company's structure to become too complex and disorderly. The Group's information management and financial reporting were generally inadequate, inaccurate and coordinated, resulting in management being unable to understand the magnitude of the problem. Unable to make decisions about the right medicine.

He also said that accounting and financial controls were poor across the group, and that the headquarters could only estimate the profitability of the companies in the department in the form of reports, and that many of the group's problems were caused by this lack of discipline. At the conference, he presented to all senior executives the objectives to be achieved within the target period, including the establishment of modern financial controls, the resolution of outstanding litigation, the reduction of recurrent expenditures, and a comprehensive debt relief plan. and sectors and companies that clear losses, etc.

Subsequently, Wei Li launched a series of drastic reform measures, first of all, to stop the losses of subsidiaries, and at the same time to strengthen the communication between the head office and subsidiaries, and then strengthen the management of each company; The second is to strengthen the Group's financial foundation.

Long before Lee invited Willy to join Hutchison International, they reached a consensus to sell or explain the loss-making and less profitable companies into the month. The focus of Willy's work is on this work.

At the beginning of his tenure at Hutchison International, the company had 315 companies, most of which were in the red. The most serious of these are investments in Indonesia and Singapore, and most of the other overseas companies are also in poor condition.

……

In early March, Mr. Lee wholly acquired the Yau Ma Tei ferry and delisted the company.

The reason why Li Hualong bought this company was because he was interested in the development rights of the land on the small ferry wharf and the land of the Tai Kok Tsui shipyard. If you pay the low price, you can convert it into a property with an area of more than 20,000 square feet.

Li Hualong has made frequent attacks in the stock market. This has left many Hong Kongers wondering how much money he really has, although several newspapers have predicted how much he is worth. But it's far from what he's really worth.

In the past 20 years, Li Hualong has been active in Hong Kong land auctions, and has repeatedly bid for land at high prices, so he is known as "" in Hong Kong's real estate industry, and in the past few months, he has acquired several listed companies, which has given him the title of "big friend" in the stock market.

Li Hualong not only bought listed companies as a whole, but also bought a lot of shares of listed companies, and some of the funds from selling stocks were reinvested in the stock market, and the Hong Kong stock market bottomed out, coupled with the vigorous publicity of the media, various reasons pushed up the overall stock market in Hong Kong, which made the Hong Kong stock market have a wave of small bull market.

Seeing that Li Hualong has acquired several listed companies, some people have appeared in the stock market to fish in troubled waters, and various rumors have appeared in the market, and many companies have become Li Hualong's acquisition targets. As long as it is a listed company that Li Hualong wants to acquire, whether it is true or a rumor, the stock price of these companies will rise sharply.

Li Hualong knows that there are rumors in the market that he wants to buy a certain company, and there will definitely be some investors who buy stocks and lose their interests, but he rarely clarifies these rumors publicly, after all, there are many companies he wants to acquire, and if he does this, then when he wants to buy a certain company, if there is news in the market, it is impossible for him to come forward to clarify, which will push the stock price and increase the cost of the acquisition.

On December 10 last year (1974), the Hang Seng Index fell to a low of 150 points, and just over two months later, the Hang Seng Index rose to 265 points.

By mid-March, the Hong Kong stock market corrected, and some listed companies whose stock prices skyrocketed due to rumors rebounded, but the Hang Seng Index did not fall below the 240-point mark.

Since then, the Hang Seng Index has never fallen below 240 points.

At the end of the month, Yonggao Company, a Hong Kong-listed company controlled by an American consortium, held a general meeting of shareholders, which voted to approve Li Hualong's wholly-owned acquisition of the company.

The company's most important assets are the Hilton Hotel in Central and the Hyatt Regency Hotel in Bali, Indonesia, and it also owns some properties in Central, although the company has a high debt ratio.

In Li Hualong's heart, Yonggao's net worth of more than 200 million Hong Kong dollars, he wholly acquired this company, and spent 170 million Hong Kong dollars before and after, he felt that this business was very cost-effective.

At the press conference, the reporter asked Li Hualong: "Mr. Li, in your heart, how much is Yonggao Company worth?" ”

Li Hualong smiled slightly and replied: "There is no point in answering this question now, I have become the sole shareholder of Yonggao Company, and I plan to hold the company's main assets for a long time, so the value of this company is no longer important to me." ”

"You have your own hotel management company, after the acquisition of Yonggao Company, will you terminate the management contract with Hilton Hotel Group in advance?"

"I don't have that idea for the time being. Yongan Company and Hilton Hotel Group signed a 50-year contract, which was settled in advance and required liquidated damages. Li Hualong smiled and told a little lie.

Li Hualong has already thought that in a few years, he will invest in the construction of a five-star hotel in Tsim Sha Tsui that is larger than the Hilton Hotel in Central, and then negotiate with the Hilton Hotel Group to change the hotel management contract, and the new hotel in Tsim Sha Tsui will be handed over to the Hilton Hotel Group for management, and the exchange condition is that the Hilton Hotel in Central will be transferred to the InterContinental Hotels Group for operation.

In addition, Li Hualong also planned to buy Gongbeihang and the parking lot west of the Hilton Hotel when the Hong Kong property market fell during the Sino-British negotiations, and applied to the Hong Kong government to demolish it together with the hotel and rebuild a high-rise office building. (To be continued)