Chapter 251: Another Flagship
In 1976, after the end of the Lunar New Year, Hutchison International held a board meeting, and the board voted to reduce Hutchison International's short-term investment, which at one time was as high as HK$525 million.
In March 1976, when the stock market boomed and the Hang Seng Index rose to 456 points, Hutchison International took the opportunity to sell some of its shares.
β¦β¦
On the evening of April 2, Li Hualong and Wei Li had dinner together at the Mandarin Oriental Hotel.
After dinner, the two of them drank coffee and chatted about the operation of Hutchison International.
"Boss, I don't think the business scope of Huangpu Dockyard is very wide, only container terminals, transportation, real estate, manufacturing and ship repair industries, etc., and the development of these businesses is limited. However, Whampoa Dockyard has a huge amount of land, which can bring huge cash benefits to the company. β
Wei Li analyzed, took a sip of coffee, and continued: "However, Whampoa Dockyard lacks expertise in other business areas, especially in trade, which can be said to be inexperienced. Hutchison International's business is extremely extensive, and its greatest asset is its talent, which just makes up for the lack of Whampoa Dockyard and can help Whampoa to properly use the funds brought by land development. If the two companies can merge, it will be a perfect combination. β
"I support the merger of Hutchison International and Whampoa Dockyard. Ten years ago, I bought a stake in the company because it owned a lot of land. β
"In the Hong Kong business world, you have the best vision." Wei Li smiled and complimented.
After the dinner, Li Hualong returned home by car and saw his parents' bedroom door open. The lights weren't turned off yet, so he didn't go straight upstairs and walked in.
"Abba, Grandma, haven't slept yet?" Li Hualong smiled at his parents who were sitting on the bed watching TV.
"Watch TV for a while." Li Yisong smiled slightly. "Who are you going to have dinner with tonight?"
"Hutchison International's Chief Executive Officer, Willy."
"Do you think he has what it takes to make Hutchison International profitable?" Li Yisong asked again.
"I'm optimistic about his ability, otherwise, I wouldn't hire him for a high salary."
"You go upstairs to sleep, and chat with your three wives more." Li Yisong waved his hand and said.
"Okay." Li Hualong smiled and nodded, "Good night!" β
Li Hualong left his parents' bedroom and went upstairs into Xi Chongyi's bedroom.
"I'm back!" Xi Chongyi put down the book in his hand. looked at Li Hualong with a smile.
"Tonight, I want to take a bath."
"You sit down for a while, and I'll put hot water." After Xi Chongyi finished speaking, he stood up, walked into the bathroom, and put hot water in the bathtub.
Li Hualong did not immediately follow to the bathroom. Sitting on the bed, I picked up the book Xi Chongyi had just read and flipped through it.
"Feeling a little tired?" Xi Chongyi sat behind Li Hualong and massaged him with both hands.
"It's fine." Li Hualong turned his head and gave Xi Chongyi a smile, "I haven't eaten with my eldest brother and them for a while, when they are free, ask them out for a meal together." β
Xi Chongyi knew that all the "big brothers" Li Hualong said meant her mother's relatives, and smiled: "It didn't take long." During the Spring Festival, we had dinner together. β
"I almost forgot, the day after tomorrow, the Qingming Festival. I'll take the time to accompany you to pay homage to your grandmother. β
Xi Chongyi was slightly stunned, kissed Li Hualong on the face with emotion, and said, "Thank you!" β
"Thank you, your grandmother is also my grandmother!" Li Hualong said with a smile.
Xi Chongyi smiled, was silent for a moment, and said in a low voice: "The eldest sister's second son, Dewei, is getting married." Are you going to have a wedding reception on May 1st? β
"As long as you don't leave Hong Kong, you're free." Li Hualong smiled. "Where are you going to hold your wedding reception?"
"Holiday Inn."
"Have you ever thought about hosting it at the Mandarin Oriental?"
"I asked my eldest sister if she wanted to have a wedding reception at the Mandarin Oriental. She said no, and I didn't insist. I helped to contact the Holiday Inn and got a 20% discount on the cost of the wedding reception. β
"Isn't 80% off too low?" Li Hualong asked.
"Eight percent off is not low, don't change the rules. Besides, over the years, with your help, the eldest brother and the three elder brothers have been quite wealthy. β
The mother's family of Li Hualong's four wives, whether they hold a wedding banquet or a birthday banquet, as long as it is held in Li Hualong's hotel, all expenses are discounted by 20%, and the usual consumption in the hotel is only 9% discount.
"During the Chinese New Year, I didn't hear that Dewei had someone to marry, what kind of occupation did his fiancΓ©e do?" Li Hualong asked again.
"Working in a law firm."
"Lawyer?"
"I'm not a lawyer, I'm a clerk in a law firm, a graduate of the University of Hong Kong, and my education is not bad. I've met her a few times, and I think she's pretty good-looking, and she speaks in a nice voice. β
"My nephew is married, we want to give a big gift, what do you say?"
"The eldest nephew got married, you gave the villa, the second nephew got married, you also sent the villa, they said you were eccentric!" Xi Chongyi smiled.
"Send the villa? The villa is expensive! Li Hualong joked, "You're not afraid that your husband and I will go bankrupt?" β
"Why are you getting stingy?" Xi Chongyi quipped, "Others don't know how much money you have, and when I saw you give your nephew a villa as a wedding gift, I know that you have a lot of money, and giving a villa is a gift of thousands of Hong Kong dollars compared to ordinary people." β
"Many people in Hong Kong earn less than 1,000 a month, but the money I earn in a day can buy a villa!" Li Hualong smiled proudly.
"I'm the most capable of being a father-in-law." Xi Chongyi grinned, "The water is almost full, take off your clothes." β
"Okay!" Li Hualong stood up, took off his coat, and said with a smile, "Accompany me to take a mandarin duck bath?" β
"Nope. I took a shower tonight. β
"Knowing I'm coming, I deliberately made myself fragrant?"
"yes!" Xi Chongyi gave Li Hualong a wink.
"That's good!" Li Hualong said happily.
After Li Hualong took a bath, he went to bed and lingered with Xi Chongyi for a long time.
"Brother Long, ah...... Slow down! Xi Chongyi gasped.
"Isn't it cool?" Li Hualong sneered.
"No, I can't. No, I'm going to fly...... I'm so cool! β
After the clouds dispersed and the rain stopped, Xi Chongyi, who was flushed, snuggled in Li Hualong's arms.
"What's the big deal with the TV station lately?" Li Hualong asked with a smile.
"You want to hear gossip, right?" Xi Chongyi asked rhetorically.
"Huh!" Li Hualong smiled and nodded.
"You're a gossip too." Xi Chongyi quipped, "There is no gossip news...... That's right. You hold 25% of TVB's shares, plus 12% of Hutchison International's shares, a total of 37% of the shares, becoming the largest shareholder of TVB, have you ever thought about running for TVB's chairman? β
Li Hualong was slightly stunned and looked at Xi Chongyi a few times. Rhetorical question: "Why do you think that?" Is it that you and Li Xiaohe are not happy to cooperate? β
"Nope. I just asked casually. β
"Lee Hyo-hyo has taken the initiative to make peace, and in another three years, he will resign as chairman of TVB and sell most of his shares at the same time, and I have the right of first refusal. Wait until I take control of TVB. I recommend you to be the chairman of TVB...... Hehe, in fact, you don't need me to come forward to buy the shares in Li Xiaohe's hands, you can buy the same. β
"You better buy it." Xi Chongyi smiled slightly, "You have so many children, I don't know who is interested in running a TV station, if I hold a stake in the radio station, it will not be conducive to your separation in the future." β
"You're thinking about it for a long time."
"I think you've thought about it a long time ago."
"That's right." Li Hualong said with a smile. "I hope that in the future, every child will have an income, even if he is not engaged in business, and each child can share hundreds of billions of Hong Kong dollars in family property."
"Hundreds of billions of Hong Kong dollars per child?" Xi Chongyi looked at Li Hualong with a surprised expression. "Seventeen children, at least 1.7 trillion Hong Kong dollars, hehe, you say this, aren't you afraid that others will say that you are bragging?"
"You're no one else, in front of outsiders. I'm not going to say that. Li Hualong smiled and kissed Xi Chongyi on the cheek, "Do you believe it?" β
"I believe it."
"Really?"
"Why not. back then. When I was with you, I was a well-known and wealthy man in Hong Kong. And you're a world-class billionaire now. I believe in your vision, you said that in the future, our entire family will have 1.5 trillion Hong Kong dollars, then there must be. β
"It's too cheesy to talk about money all day." Li Hualong smiled and changed the topic, "The children are still well-behaved today, right?" β
"The kids are pretty good." Xi Chongyi smiled sweetly, "Before, I was worried that we would not be used to living together as a large family, but I didn't expect that there would be more people, but it would make the children more sensible." β
"Think you're happy?"
"Of course!"
"Thank you!"
"Thank me for what?"
"Thank you for being by my side all these years." Li Hualong turned off the light as he spoke, and gently kissed Xi Chongyi on the cheek, "It's not early, let's go to bed." Good night! β
"Good night, husband!"
"Have a good dream!" Li Hualong closed his eyes with a smile on his face.
After a while, Li Hualong and Xi Chongyi both fell asleep.
A few days later, Hutchison International applied for a halt.
On the day of the suspension, at the request of Li Hualong, the Whampoa Dockyard Company held a board meeting.
At the board meeting, Li Hualong proposed that Hutchison International issue new shares to acquire Whampoa Dock.
After some negotiations, the board of directors of Whampoa Dock voted to approve the issuance of 80 million new shares by Hutchison International to acquire 80% of the shares of Whampoa Dock.
On the previous trading day, Hutchison International's share price was HK$5.2 per share, and at this price, the market value of the 80 million additional shares issued by Hutchison International was HK$416 million.
Li Hualong sold his 65 percent stake in Whampoa Dockyard to Hutchison International, and he received 65 million shares of Hutchison International.
After the acquisition of Whampoa Dockyard by Hutchison International, the total share capital of Hutchison International reached 430 million shares, and Li Hualong and his family held a total of 223.47 million shares.
On May 6, Hutchison International held a board meeting, and Li Hualong proposed that the company be renamed Hutchison Whampoa, and after a show of hands, the board of directors approved the resolution to change the company's name. (To be continued)