"Mr. Chen, 15% of the people have signed an agreement with us, they will vote to approve our delisting request at the next shareholders' meeting, and we will also buy their shares at 130% of the existing stock price after the delisting." At 4 o'clock in the afternoon, after the shareholders' meeting, Zhou Jiayang came over to report.

"In this case, there will be no problem, plus the shares we have acquired from other channels, almost 72%, and the rest, let's buy it slowly, there will be no dividends in the future, they will slowly agree." Chen Zhiwen nodded and said: "I am ready to provide relevant information to the stock exchange, in addition, after the delisting, my funds will also be injected into Hutchison, which can also dilute those shares that do not agree to sell the shares." ”

"In that case, we can solve Hutchison's current debt problem." Zhou Jiayang nodded and said, although this kind of privatization operation is not very good, but it does save a lot of money, otherwise, even if there is no high stock price caused by the acquisition before, privatization will also require hundreds of millions of funds, and then it will need to inject capital, which will put too much pressure on funds.

The only after-effect is that there is no way to really buy Hutchison in its entirety, and there will always be some people who will continue to hold it, and they may not even be able to find these people.

Chen Zhiwen continued: "In this way, our first thing is also completed, but there is a second thing, Whampoa Company, how many shares do we hold in Hutchison?" ”

"It should be around 41%." Richard thought for a while and said: "Hutchison Holdings Whampoa, Whampoa Holdings Junyi Cang, both of which own a lot of land in Hong Kong. ”

"I want Hutchison to privatize Whampoa as well, how much money will I need?" Chen Zhiwen continued.

"This, it may also take one or two hundred million dollars, why do we do this?" Zhou Jiayang asked.

"Because I'm going to develop Whampoa's land in Hung Hom." Chen Zhiwen said.

"The port of Whampoa? But that land is industrial in nature, and if we want to change it to business, we will need hundreds of millions of dollars? Zhou Jiayang said with some hesitation, don't look at the market value of Hutchison as a whole, but this is because of the heavy debt, in fact, the total value of its assets is as high as billions, and there are 26 listed companies alone, and there are 8 of the top 100 in Hong Kong.

They are Hutchison Group, Hutchison Properties, Whampoa Group, Kwan Yicang Group, Metropolis Properties, Andersons, Watsons and Harbour Engineering.

Hutchison Real Estate, Whampoa Group, Junyi Cang, Metropolis Real Estate all have a large amount of land, of which the largest holding of land is Whampoa Group, in a few decades ago, Whampoa Group and Jardine Matheson, Swire jointly controlled the three major ports in Hong Kong, the area of the three is about the same, Whampoa's port area is as high as 2 million feet, that is, about 200,000 square meters, but the location of the port is still in Victoria Harbour, and the surrounding business is also very good because of the port effect.

But the only disadvantage is that the cost of converting industry to business is very large, otherwise, in the era of Qi Dezun, with his character, Hutchison would have developed this land a long time ago.

"I'll figure it out when it comes to money." Chen Zhiwen said: "And the acquisition of Whampoa is not very urgent, let me tell you first, we have to deal with the mess of Hutchison next, you have to know my plan in advance." ”

"Okay, I understand, whether Junyicang should also be privatized, although the land area of Junyicang is not as good as that of Huangpu Group, but the location is very good, several are on Hong Kong Island, some are still building buildings, but because of financial reasons, the progress of the project has slowed down a lot." Zhou Jiayang asked.

"No, just hold it normally, and you can't buy everything and privatize everything." Chen Zhiwen shook his head and said.

Junyi Warehouse used to be a well-known warehouse company in Hong Kong, with several warehouses and docks on Hong Kong Island in Hong Kong, after the decline of the Hong Kong shipbuilding industry, it also began to build buildings, under the arrangement of Qi Dezun, it has been under construction, namely the Junyi Building in West District and the Harmony Center in North Point, two communities with a good scale.

If it is valuable, it will naturally be worth some of it, but even after 20 years, this kind of land can be bought as long as there is money, so the importance is not very high.

And Whampoa Group's former port land, once it is really developed as planned, the benefits are large enough to become a record for Hong Kong real estate.

The reason why we don't wait for the 80s to be redeveloped like Li Jiacheng in the original history is because even if the development in the 80s will make more money because of the low price, but with such a sum of money in the 70s, it will be more useful. As a result, he needed to privatize Hutchison and Whampoa.

"Okay." Zhou Jiayang agreed.

"In addition, it is announced that Hutchison is ready to sell some of its businesses under development, as well as some non-core businesses, which can also be sold, so that those who are interested can come and talk about it themselves." Chen Zhiwen said: "In addition to the core location of the land property project, port, Watsons, harbour project, everything else can be discussed. ”

"Chen Sheng, if we are too urgent, it is very likely that we will be jointly lowered the price, which is not a good thing for us." Richard said.

"So just release the news, find a few to negotiate, we sell to the highest price, if a project can only find one person willing to buy, then there is no point in negotiating, sell it early." Chen Zhiwen shrugged and said.

Hutchison's subsidiary, there are many projects that have been suspended, and many of them are actually good projects, especially the real estate recovery that began this year, which will directly save these projects, but there is no capital to start, and all projects can only be spread in the ground, and they are still sucking blood from Hutchison.

The most effective way is to sell some projects appropriately, obtain funds, and let other projects start, so that most of the projects can be closed and profits can be made before the next round of investment can be made.

Qi Dezun just cared too much about exclusive enjoyment, was unwilling to share with others, and was unwilling to sell Hutchison's marginal business for the sake of face, which led to Hutchison's long-term blood loss and finally fell into a super predicament.

Of course, the collapse of the real estate market may also be one of the reasons why Qi Dezun can't make a move, because once he makes a move, it needs to be included in the financial report, and if the loss data is less, it can be transferred, and if there is too much, there is no way, which is contrary to Qi Dezun's desperate policy of maintaining the stock price at that time.

Nowadays, the whole Hutchison does not have too many concerns, and it only needs to be beneficial to do anything, which is much more convenient, and the only purpose now is to quickly pull Hutchison out of the debt whirlpool.

"Then Chen Sheng, the 200 million Hong Kong dollars you said before?" Richard asked.

"After delisting, the funds will be in the account." Chen Zhiwen said that Hutchison's current situation is indeed that it can't run without money, and in the original history, after HSBC controlled Hutchison, it also urgently supported 50 million Hong Kong dollars, and then it was a headache for Hutchison's bad debts.

"That's good, if we have this fund, many of our projects can be launched, as for the plan for how to use this fund internally, Chen Sheng, I have almost prepared it here, and I will go into detail when I wait for the board of directors in 5 days." Richard said.

"Okay." Chen Zhiwen nodded, in fact, in this regard, is his weakness, Hutchison major surgery, in addition to being necessary, is also in line with his ability to understand, simply put, the community on the land, the office business is sure to make money, a good port can also be profitable, Watsons and its PARKnSHOP supermarket, is considered the basic livelihood, is not a problem, the port project is normally connected to large-scale construction projects, generally profitable, and the most basic rent collection.

For other kinds of business, if Chen Zhiwen wants to have an in-depth understanding, it will take a little time, so it is better to sell it and pull it down, anyway, he can't make much money, just use the money to develop a few core businesses.

"There is one more thing, since Hutchison has been delisted, whether the board of directors should be changed, representatives of CLP Power and Hong Kong Telecom are still serving as directors of Hutchison." Zhou Jiayang asked.

"Send them away, let them quit themselves." Chen Zhiwen said.

"Shall the board be disbanded?" Richard asked, although Qi Dezun also controlled Hutchison before, how to say that it was not absolutely controlled in name, so there was also a board of directors, and outsiders were also invited, nominally managing together.

"There is no need to disband, we will step back a few people internally, I will invite some well-known people from the outside to come in and be consultants, sometimes, the view of some things may be different from the outside." Chen Zhiwen thought for a while and said.

(End of chapter)