Chapter 142 Creating a Business Never Stops
A few days later, on September 5, the board of directors of Times Real Estate Company held a meeting, and the board members unanimously voted to issue 4 million new shares at a price of HK$5.
On the trading day before the issuance of new shares, the closing price of Times Real Estate shares was HK$4.54 per share, which is considered a premium of 10% for the issuance of shares.
Li Hualong spent HK$15 million to subscribe for 3 million new shares; Hongkong Land spent HK$5 million to subscribe for 1 million new shares.
After Times Land issued new shares, the company's total share capital reached 20 million shares, and Li Hualong and his family held a total of 11.5 million shares, with a shareholding ratio of 57.5%, becoming the absolute controlling shareholder of the listed company.
Li Hualong did not announce the news that he and his family had become the absolute controlling shareholders of Times Land, at this time, he was the chairman of Times Land, and his control over the company was not bad, and he felt that there was no special benefit in announcing that he and his family absolutely controlled the company, so he concealed the matter.
In the past ten days, Li Hualong has selected two stores to be used for home appliance retail, one in Ninghua Building in Central, and the other in Starlight Hong in Tsim Sha Tsui, both of which are properties of Hualong Real Estate Company.
In recent months, the Hong Kong property market has been sluggish, and the rents of the shops have fallen a lot, and the tenants of the two shops have already signed long-term leases with Longhua Real Estate, and if they are settled early, they will need to pay a lot of liquidated damages.
Li Hualong did not necessarily have to use these two stores, he first sent the staff of Hualong Real Estate Company to take the initiative to negotiate with the two tenants to understand each other's thoughts, if he agreed to terminate the contract early, he would compensate for two months' rent, if he did not agree to terminate the contract, then he chose to use other stores.
The tenants who rent the Central store pù are interested in immigrating to the United States with their families. Knowing that Hualong Real Estate Company wanted to settle with him in advance and compensate him for two months' rent, he agreed without much thought, but asked to give him ten days to sell the goods in the store at a discount.
The tenant of the Tsim Sha Tsui Starlight Store Pù is surnamed Wu, who runs a restaurant, and this shop pù was subleased to him by another tenant last year. Hualong Real Estate Company did not renew his contract, or significantly increased the rent.
At the beginning, Li Hualong knew that the boss, surnamed Wu, asked for a long-term contract, so he agreed, and the new lease was signed for five years, with a one-time payment of three years' rent.
Boss Wu spent almost all his savings and renovated the shop, but after his restaurant opened, business was not very good. But there was no loss, and if he had included the labor costs of himself and his family, his profit from running the restaurant would have been almost zero.
Since Hong Kong fell into turmoil, Boss Wu's business has plummeted. He wanted to close his business, but he signed a long-term contract with Hualong Real Estate Company and had already paid the rent if he closed his business. Hualong Real Estate Company will not refund the rent, and it is impossible for him to sublease the store to others at the original price, and he has been gritting his teeth and insisting.
When the employees of Hualong Real Estate Company approached Boss Wu to discuss the early termination of the contract. Boss Wu was very happy, but he didn't come out, he guessed that there must be a big boss who took a fancy to this shop and was willing to rent it at a high price, and he proposed to terminate the contract in advance, but the compensation should be doubled, compensate him for four months' rent, and compensate him for the renovation costs he spent before.
Boss Wu's hotel business is not good, Li Hualong learned about this from the mouth of an employee of Hualong Real Estate Company, he naturally would not be the wrongdoer, and sent someone to sue Boss Wu, Hualong Real Estate Company did not take the initiative to terminate the contract with him.
Knowing that the contract could not be terminated, Boss Wu was anxious and did not dare to ask for an increase in liquidated damages, so he accepted the withdrawal plan proposed by his closest relatives.
"Mr. Gui, it's better to compensate me for two months' rent according to what I agreed before." Boss Wu hurriedly said to the negotiator.
"Boss Wu, now, if you accept two months' rent for liquidated damages, I can't promise you any more." The negotiator with your surname smiled.
"What do you mean?" Boss Wu asked puzzled.
"Within 10 days, if you move out of here, both parties will terminate the contract early, and both parties will not have to pay liquidated damages, and the rent and deposit that should be refunded to you will be returned to you. If you don't agree to terminate the contract, then forget it, and in the future, if you want to terminate the contract, you will do it according to the contract. ”
"Why?" Boss Wu suddenly became anxious, "Didn't you talk about compensating me for two months' rent?!" ”
"Boss Wu, I know very well the operation of your restaurant. Taking the initiative to negotiate with you to terminate the contract early and pay two months' rent as compensation, you can be regarded as taking a big advantage, but you are too dissatisfied...... I won't say more, think about it, I'll give you ten minutes, if you don't reply within ten minutes, then I'll leave, when you don't agree to terminate the contract early. ”
"Mr. Gui, Hualong Real Estate Company is not your company, you work for someone else, you let this company compensate me for two months' rent, and I will give you some money......"
"Don't talk about it." The negotiator surnamed Gui interrupted with a straight face and stood up, "In a word, can you accept my conditions, if not, I will leave immediately." ”
"Mr. Gui, last year, I renovated this shop, but it cost me a lot of money." Boss Wu pretended to be pitiful and said, "If there is no compensation, it will be solved like this, and I will lose a lot." ”
"Hey, Boss Wu, you continue to run this restaurant, run it for a day, lose a day, why bother!" The negotiator surnamed Gui advised, "The modern world is not good, no one can predict it, since your hotel can't continue to operate, close it as soon as possible." ”
"Okay!" Boss Wu patted his forehead helplessly and sighed, "It's all because I'm too greedy." If I didn't rent this shop and open a restaurant last year, I wouldn't have had so many bad things. ”
"Don't complain, in recent months, there have been quite a few closures."
"Don't say much, I agree to settle it, I'll move out in five days, can I get a little more money back?"
"Yes, you can move out today. For less than a month, the rent is calculated on a daily basis. ”
"Not today, I'll try to move out within three days."
Two days later, the restaurant run by Boss Wu was closed, and the tables, chairs, benches, and tableware in the store were all moved.
"Boss Wu, my boss knew that you had a hard time, so he pushed you for more than a month's rent." The negotiator surnamed Gui took out a copy of the text and handed it to Boss Wu. and a bag containing cash, "Look at the termination contract, and count the money in it, if the number is correct with the amount on the contract, you sign it." ”
Boss Wu was stunned, he didn't go to see Wen Jiàn, first took out the cash in Wen Jiàn's bag, counted it twice, and then looked at Wen Jiàn, especially the amount of compensation on it. Seeing that the numbers were correct, hehe laughed.
"Happy now, aren't you?" The negotiator smiled.
"With these compensations, the renovation costs are earned. After working for more than a year, there was no money at all. ”
"You can be content, in the past year, you have opened a store and done business, and there are many bosses who are losing money."
"Yes, yes......" Boss Wu nodded with a smile and pointed to the signature on the text, "Sign my name here?" ”
"Yes." The negotiator with your surname took out a pen. "After signing, press a handprint." As he spoke, he took out a small box containing ink from his briefcase.
A few days later, Li Hualong registered and established Go*Mei Electrical Appliance Co., Ltd. in Hong Kong, and set foot in the professional home appliance retail industry.
Li Hualong's memory includes the names of several well-known electrical appliance chain sales enterprises in later generations. He likes the brand "Gome" the most, and he thinks that "Gome" with the English name "Gome" is amazing.
This time to choose the name of the company he founded, Li Hualong didn't bother to think about it. Directly "plagiarized".
More than a month later, two Go*Mei electrical appliance stores opened in Hong Kong at the same time, which was an instant hit. The affordable price attracts a lot of customers.
With the blossoming of Go*Mei electrical appliances in various districts of Hong Kong, Go*Mei electrical appliances have become the first choice for most Hong Kong people to buy electrical appliances.
After the establishment of Go*Mei Electric Appliances, it was managed by Carrefour Group.
Carrefour supermarket disappeared the counter of household appliances, and a number of Japanese electrical manufacturers to establish a supply and marketing relationship, now, Li Hualong is already the majority shareholder of Sony company, his cooperation with Japanese companies is not a problem, Gome Electric is ready to retail TV and other electrical appliances, contact the source of goods, did not encounter trouble.
Before the official launch of Jade Channel, hundreds of televisions were shipped from Japan to Hong Kong and put in Carrefour's warehouse.
Although, after the opening of Guomei Electric Appliances, business has been very good, and Li Hualong's investment has been successful again, but his business has not been smooth sailing.
Lee Hua Lung intended to buy Lee Kum Kee, but the descendants of Lee Kum Sheung (the founder of Lee Kum Kee) did not want to sell their ancestral business, so they did not give Lee Hua Lung a chance to negotiate at all.
Lee Wah Lung did not plan to wholly acquire Lee Kum Kee, he hoped to obtain an absolute controlling stake in the company, and he was also ready to hire Lee Kum Sheong's descendants to continue to manage the company with a high salary, but Lee Kum Sheong's descendants refused to sell his ancestral business to him, and many of his ideas could not be implemented.
Although he failed to acquire Lee Kum Kee's acquisition, Lee did not give up on entering the condiment industry, and he turned his acquisition target to Taohua Datong.
Taohua Datong's predecessor, Taohua, was established in 1908 in F Jianxmen, in addition to brewing soy sauce, it also concurrently engaged in milk business. In 1928, Taohua Datong was officially established in Hong Kong and set up a factory to manufacture soy sauce. In order to commemorate the birthplace of the company, Taohua Datong set its English name as AMOYfood, of which AMEY is the old English name of X Gate.
In 1954, Amoy acquired a large plot of land in Ngau Tau Kok, Kowloon, Hong Kong to build a factory and set up the "Amoy Industrial Estate", which was equipped with facilities such as a nursery and staff quarters in addition to a food manufacturing factory. In 1957, Amoy expanded its business to the soda industry, producing Emerald orange juice, and at one time owned the agency rights of 7 brands of soda drinks including Pepsi. In 1961, Amoy established a paper factory to engage in paper production.
Before the acquisition of Taohua Datong, Li Hualong registered and established United Lihua Group in Hong Kong, the English name of this company is UnionleesGroup, and this company came forward to acquire Taohua Datong.
Li Hualong, who was born in the 80s, felt that the Chinese name of the foreign-funded enterprise United * Lihua was particularly good, as if it was the name of a Chinese-funded enterprise, and the Chinese people had a sense of intimacy when they heard it.
Founded in 1929 by the merger of the Dutch Margarineunie Margarineunie Margarine Company and the British Leverbrothers Soap Company, the company is headquartered in Rotterdam, the Netherlands, and London, England, and is responsible for the food and detergent businesses respectively.
As early as the thirties of the twentieth century, the Huaxia Soap Co., Ltd., the predecessor of United Lihua, invested and established in Shanghai, produced "Lux" soap, "Umbrella" brand soap and other products, because of their excellent quality, became the best-selling products in the Chinese market.
At present, there are no foreign-invested enterprises in the mainland at all, and Lihua Brothers has long withdrawn from the mainland market, and even if it has business in Hong Kong and the T Bay market, it is not carried out in the name of United Lihua Company.
To put it simply, before Li Hualong founded United Lihua Company, there was no company in the world that used this Chinese name to engage in commercial activities.
He hopes that this company will develop into one of the world's top 500 companies in the future, not only that the company's sales and net profits, as well as its market value will enter the world's top 500, but also that the products produced by this company will gain a good reputation and become a company trusted by the public.
At the beginning of the establishment of the United * Lihua Group, Li Hualong thought about what business the company would develop in the future, and would not get involved in real estate development, but would invest in the purchase of office buildings for his own use, or buy land to build commercial buildings for his own use, and the main business was set as food and beverages, as well as detergents.
In order to build the reputation of the United Lever Group, Li Hualong merged the already well-known Red Bull Beverage Company and the Watsons Beverage Production Division into this company, and he also plans to merge Wang Laoji Company into the United Lever Group in the future.
On the afternoon of early November, Li Hualong left the Hualong Building and went to the Ninghua Building to inspect the operation of the newly opened Guomei Electric Appliance Central Store.
"Chairman, you're here to inspect!" Zhang Yuqiao, the manager of the Central store of Guomei Electric Appliances, said respectfully.
Zhang Yuqiao used to work in Carrefour supermarket as the team leader of home appliance rental, and because of his excellent performance, he was dropped to Gome Electric Appliances as a store, hoping that he could take charge of the store and manage the store well.
"Zhang Yuqiao, hehe, I'm not mistaken." Li Hualong said with a smile.
"Chairman, you are not mistaken, my name is Zhang Yuqiao." Zhang Yuqiao smiled happily. Zhang Yuqiao feels that as an employee, especially an employee working in a large company like Carrefour Group, if the name can be remembered by the boss, it can be regarded as a great thing, and promotion and salary increase are no longer out of reach.
Li Hualong walked around the store, chatted with Zhang Yuqiao for a while, said a few words of encouragement, and then took the car home. (To be continued......)