"Huh." Simon Keswick did not reply, but said: "Niu Bijian, let's not talk about whether there is a problem with Chen Zhiwen's loan, the 3 billion Hong Kong dollars you finally get, and more than half of it will be spent in just one month, haven't you considered it, if the money is spent and the market has not recovered, what should I do?" Go to Hisense again to borrow 3 billion? ”

Hold a general meeting of shareholders to discuss whether to pay dividends? From an investment point of view, if the company's management has a higher investment efficiency, then it should not pay dividends, or the company is in financial difficulties, and it should not be paid, because of the need for working capital.

But in this world, most ordinary people are short-sighted, they only know what they want in front of them, and the stock dividend model formed in Hong Kong over the years is this reason, not a legal requirement.

If you hold a general meeting of shareholders to discuss this issue, you oppose it and you support it, it is equivalent to standing on the opposite side of all shareholders and shareholders, which will be very unfavorable to your future actions.

It can't be said that the shareholders are wrong, but this is really not in line with the overall interests, but there is no way, as far as he knows, at present, the entire Hong Kong, and Chen Zhiwen's Wharf and HK Electric, directly and publicly stated that they will not pay dividends, which also leads to the fact that the two companies are not favored by investors, which indirectly makes the stock price not high.

With this relationship, this naturally makes other companies dare not pay dividends, that is, Jianing in the early 83 years of the difficulties still want to pay dividends to protect the stock price, because the stock price falls, the value of the collateral is insufficient, and it may face pressure from the bank.

For so many years in Hong Kong, Chen Zhiwen has been able to ignore this non-express rule, because he has sufficient funds and does not need any loans at all.

"I believe that Hong Kong's economy will recover soon, Simon, you have been in the UK for a long time, you should know the decision of the British side, and the dust will settle soon." Niu Bijian said calmly.

In fact, he also knows that Simon Keswick wants him to stop paying dividends when he is in office, so that he will offend many shareholders and shareholders, and the stock price may also fall, and the shareholders will lose more, plus the bank may collect debts, so no matter how much pressure is on, this dividend must be paid.

Of course, he knew that the money in Hongkong Land's hands was very important, but in order to keep his position, he could only insist.

"The decision has changed, and I don't know what happened to the talks?" Simon Keswick said coldly.

He naturally knows that during the previous Hong Kong dollar exchange rate crisis, the British government was under strong pressure, and many local British consortia had investments in Hong Kong, or had cooperative interests, pressure from the mainland, pressure from other consortia around the world, etc., and more importantly, if there was an economic collapse under British management, the international image of the entire United Kingdom would plummet.

Although the Hong Kong dollar exchange rate crisis has ended after many efforts, it has also led to the fact that Britain knows that it is impossible to continue to manage Hong Kong, so the negotiations with the mainland have also become how to smoothly hand over, such as how to ensure the interests of British capital, and so on.

Although there are still many disputes, the trend is finally getting better. However, no one knows how long this time will take, if it takes a few years, Hong Kong's economy may still be able to bear it, but Hongkong Land's debt is absolutely not good.

It's just that it is clear that Newbijian still believes that the matter will soon be over, and Simon has no evidence to refute it.

"Whether it's the mainland or the UK, they won't sit idly by and watch Hong Kong's economy continue to sink, and I am very confident in my judgment." Niu Bijian said confidently.

In fact, it doesn't matter whether he has confidence or not, the important thing is that he can only go one way to the black, if the confidence is gone, and the business of Hongkong Land changes, then the first time, will give Simon Keswick a chance to get rid of himself, which is absolutely unacceptable to him.

"Hmph, I want to see what you do if you really encounter a problem." Simon Keswick had a toothache of anger, how to say that Jardine Land was also the assets of his family, but now it was controlled by several professional managers, and made a decision that he did not agree with, but he couldn't help it, because the Jardine family's shares in Jardine Matheson were only 10%, and when there was no right to operate, this share had no way to change the decision of the board of directors, and the entire board of directors was naturally controlled by Niu Bijian.

If there are no major problems at Jardine Land, it will be difficult for the current management to be leveraged, even if Hongkong Land is extremely heavily indebted, it will not be able to shake their position.

Although Simon himself hopes that Hongkong Land will have problems so that he will have a chance to take the position, but as their family's asset, he still hopes that the problem will break out as soon as possible, because the sooner he joins Jardine Land, the less pressure he will face after becoming the owner.

It's just for the benefit of their group of non-fixed management.

"I don't think that day will ever happen, as long as the economy improves, all the problems will be solved." Niu Bijian laughed.

Indeed, as long as housing prices recover, even if they have not reached the previous peak, as long as there is hope, it is enough for all banks not to worry about debt, and shareholders will have confidence in the stock market again, and a large amount of money will enter the market, and the land can return to normal, even if it is difficult at the beginning, but it will not be like now, which is the only hope he can count on.

"I invited the British third-party audit company Gregard, they will conduct a full financial audit of the entire Jardine Matheson and Hongkong Land Group, and it is estimated that they will come to Hong Kong after Christmas, so you guys should be ready." Simon Keswick also knows that it is useless to spend words, without management rights, what he says is meaningless, but it is difficult to gather shareholders to stand on his side, when a group of people in Niubijian have controlled Jardine Land for nearly 10 years, too many people have been kidnapped by their interests, if there is no absolute mistake, it is impossible to overthrow them, the purpose of financial auditing is for this.

"No problem, we welcome review by major shareholders at any time." Niu Bijian said indifferently.

This kind of thing, every big company will have, including Jianing may be the same, but in the end, if you want to find out the problem, how can it be so easy, large companies hire so many top financial personnel, not only to pay taxes, but more importantly, for other purposes.

Of course, some small problems can still be found, such as some subordinates involved in corruption, etc., this kind of discovery is also a good thing for the high-level, and the really smart high-level is basically not worried, there are actually too many ways to make money, only a fool will directly from the company's accounts to do tricks.

……

Hutchison Building, Hong Kong.

As Chan Chi Man's largest capital investment group in Hong Kong, Hutchison is now getting bigger and bigger, of course, it may not be as good as Hongkong Land in Hong Kong, after all, it is a century-old enterprise that has been working in this city for a long time, and even if Hutchison has money, he will not be able to buy many high-value properties with Hongkong Land's assets in a short period of time. However, if overseas industries are included, the scale of Hutchison is bound to be even larger.

In particular, the discovery of Christmas Creek iron ore in Australia, although there is no way to calculate its value because the development cost and transportation cost are not yet clear, but according to the same type of iron ore with similar configuration, plus the approximate calculation of transportation, it can also be calculated that the iron ore in Christmas Creek, if mined in large quantities, is estimated to net about 2 US dollars per ton, and the larger the scale, the higher the net profit per ton. In this way, mining 20 to 30 million tons a year can net more than 100 million Hong Kong dollars.

"It looks bluffing, but it turns out that it is not as good as a few Hong Kong buildings to collect rent!" After reading the approximate figures analyzed, Chen Zhiwen shook his head and smiled and said.

It is no wonder that Hong Kong's capitalists have all invested in the real estate industry, which is really simple and has no threshold, and finally has a stable income, even in the current real estate crisis, the rent of the three Central buildings is almost 100 million a year, and more than half of the rent is basically profit, which is much stronger than opening an iron mine.

"Actually, I can't say that, this kind of iron ore is still very influential, and during this time, people from OOCL have approached me several times, and they all hope to win the right to transport our iron ore in the future." Zhou Jiayang said with a smile.

"OOCL? This Dong family is really not easy, the old man is desperately in debt, and now his son is desperately trying to save the entire enterprise. Chen Zhiwen smiled and said.

The founder of the Dong family, who is also one of the top ten ship kings in the world, was named the seventh ship king in the world by Time magazine in the 70s, which can be said to be a great honor, but Dong Haoyun is not satisfied, because Bao Yugang is the first, and Bao Yugang is still his junior in the shipping market, and he has consulted him many times a few decades ago, but now it has become the world's first, and the scale is still 2.5 times that of him.

In the late 70s, Bao Yugang found the coming shipping crisis, decided to abandon the boat and land, and later tried to obtain Central Power together with Chen Zhiwen, not only has a large amount of real estate, but also stable power generation income, and Dong Haoyun actually saw the problems of the shipping market, but he judged that the trough period will not be very long, and the trough period is the best time for big expansion.

As a result, the Dong family's OOCL has repeatedly placed large orders for Japanese shipyards and bought shipping companies in the United Kingdom and the United States, becoming a major customer in the global shipbuilding market.

It's a pity that Bao Yugang is right, the arrival of the shipping crisis, so that the cost of freight exploded to the peak of three percent, once bought at a high price of the ship lost all the money, many ships are open on the loss, not open also loss, because large ships and houses are not the same, even if it doesn't matter, every day also needs a lot of maintenance costs, berth fees, labor and so on.

As a result, the Dong family has fallen into a huge debt crisis, with a market value of HK$1.4 billion, a debt of HK$5 billion, and is still losing money every day.

"The freight price given by the Dong family is very cheap, but it will take at least two or three years for our mine to be opened, so I didn't agree." Zhou Jiayang said.

"The Dong family wants to sign such a contract with us, and then deal with the bank group that collects debts." Chen Zhiwen said that if OOCL has a relationship with Chen Zhiwen, then so many banks will have more or less confidence.

"I think so too, in fact, OOCL also contacted Hisense Bank, but Huo Jianning refused." Zhou Jiayang said with a smile.

"Well, let's leave that alone for now, and we'll see." Chen Zhiwen said. Although the Dong family will be able to get out of the crisis in the future, it will take a long time, at least until the 90s, so there is no point in investing in anything, and it is more cost-effective to buy a piece of land in the deep sea of Hong Kong.

However, considering the future identity of the second generation of the Dong family, it is okay to help appropriately, but it is not yet now, and the time has not yet come.

"Understood." Zhou Jiayang said.

"Rio Tinto hasn't completed the valuation yet?" Chen Zhiwen asked again.

"Their valuation is between $1.5 billion and $2 billion, and our side is valued at $2.5 billion, and there is still a bit of a dispute, and it may take a while." Zhou Jiayang said.

Valuation, it is very easy to put in the real estate market, look at the nearby housing prices and then look at the newness of the building, decoration, flow of people, etc., it is almost the same, but minerals, grade and total tonnage are fixed, and the development cost is also very different, the only problem is the cost of transportation.

And the pricing of transportation costs is in the hands of Rio Tinto, so they naturally want to make a little more, which is also a normal business practice, and the two sides are still negotiating.

"Negotiations with other mining companies can't be left behind, there has to be a price reduction." Chen Zhiwen nodded and said, he doesn't interfere too much in unprofessional things, but it is always wrong to have more choices.

"We are also negotiating with the Australian mining group, and their pricing is a little higher than that of Rio Tinto, but if we work with them, the transportation cost will be a little higher, and which side is the best deal, we still need to calculate it clearly to determine." Zhou Jiayang replied.

"Okay." Chen Zhiwen nodded and said.

"Two other things." Zhou Jiayang said: "The first is that the mainland agreed that we will mobilize iron miners from China to Australia, and also promise to try to give some technical or academic talent engineers, but they also hope to lock in some of our future iron ore, because Baosteel in Shanghai is estimated to start production next year, and the price should be preferential." ”

"It's okay to be preferential, Baosteel's production capacity is quite large, and it's worth it to lock in a big customer, and the price is preferential according to the market conditions, and as for these workers, we can't treat them badly." Chen Zhiwen nodded, and asked again: "Can Australia agree to allow so many Chinese to enter the country to work?" ”

"This is not a problem, the population of western Australia is very small, and there is no one to find in the mining itself, and the transfer of people from outside will only create wealth for Australia, and it is too late for them to be happy, but the Australian government requires that these people must not immigrate, let alone go to eastern Australia to find work." Zhou Jiayang said.

"Of course." Chen Zhiwen nodded, the east is the core area of Australia, and foreigners go in, unless they do the work that the natives are not willing to do.

"The second thing is that the British government has invited us to invest in the UK." Zhou Jiayang said again.

(End of chapter)