Chapter 237 [Justified Words]
Swire & Co.'s political influence in London is not strong, this is the summary of Lin Zhichao's activities in London after a week; On the contrary, he became a businessman that the London government desperately needed to woo, and on the contrary, he received a lot of promises.
So, Lin Zhichao officially visited the headquarters of British Overseas Airways and handed over the acquisition information.
"Mr. Lin, if you buy Hong Kong Airlines, how do you plan to operate, will there be a big reform?" Manchez asked earnestly.
British Overseas Airways executives are already supportive of the acquisition by Universal Airlines. First, Swire & Co. was insincere and intended to take advantage of the fire to rob. Second, Universal Shipping is an all-British-owned company with no political obstacles.
However, the executives of British Overseas Airways are also worried about whether Lin Zhichao, a layman, can run Hong Kong Airlines well?
After hearing this, Lin Zhichao said: "I don't think there is a problem with the current management team, and I don't plan to make reforms for the time being. I believe that Hong Kong Airlines' development philosophy has always been right, and the reason why it has not been profitable is because the good times of shipping have not yet arrived. After the acquisition, we don't have any plans for the time being, except for the opportunity to add new aircraft. ”
Hearing Lin Zhichao's words, Manchez was very recognized in his heart and listened very comfortably.
Coupled with the instructions of the top management in London, the top management of British Overseas Airways can choose the right person fairly.
"Mr. Lin, your offer is very sincere (£2.8 million, 55% equity), and we will reach an agreement with you to sell the shares as soon as possible."
"Okay, then I'll go back to Hong Kong and wait for good news!"
Subsequently, Lin Zhichao left British Overseas Airways with his subordinates and lawyers.
As for the equity of Jardine Matheson, it is natural that British Overseas Airways will buy the shares in the hands of Jardine Matheson after it officially sells its shares to them. After all, British Overseas Airlines has a 55% stake, while Jardine Matheson has only 45%.
Half a month later.
In the dissatisfaction and grievance of Swire & Co.'s Schyork, Universal Shipping officially signed a share transfer contract with British Overseas Airways and Jardine Matheson in Hong Kong.
Universal Airlines acquired Hong Kong Airlines for US$14.3 million. Swire was unwilling to accept this price, so it naturally fulfilled Lin Zhichao.
HSBC has no opinion on this price, although the price is several million dollars higher, but Universal Shipping is a money-making weapon after all, and the annual profit of more than 18 million US dollars is enough to acquire this asset.
After the acquisition was reached, Lin Zhichao visited the headquarters of Hong Kong Airlines, almost all of them were foreigners, and there were also Chinese staff, but none of them were middle and senior staff.
Lin Zhichao didn't say much, he went to the headquarters of Hong Kong Airlines for only one purpose, and that was to recognize the door.
However, after getting to know each other, Lin Zhichao said to everyone: "Ladies and gentlemen, the first thing we do when we World Airlines become the owner of Hong Kong Airlines is to consider improving the treatment of all employees. ”
For a while, the middle and low-level staff applauded and welcomed, and the senior staff could only join in.
Senior staff may be thinking about entitlements, but middle and lower staff are absolutely thinking about benefits. And the middle and low-level staff here are also the middle and low-level management.
Subsequently, Lin Zhichao said to CEO Hill: "President Hill, can you prepare a salary survey report for all employees of Hong Kong Airlines for me recently?" ”
Hill knew that he couldn't help but cooperate with the job, or he would offend all his colleagues.
"No problem, we will definitely come up with a complete salary report to you as soon as possible!"
The high-level people all understand that although Lin Zhichao is a Chinese, he is a person who is not easy to mess with; The fact that Hong Kong Airlines was able to snatch from Swire & Co. is in itself an indication that the new shareholders are not simple.
And now, Lin Zhichao seems to be giving everyone a salary increase, but he actually intends to use this reason to meddle in the affairs of Hong Kong Airlines.
Moreover, it is still justified, so that everyone has to accept it.
After a brief understanding of the situation, Lin Zhichao did not go further.
He is not in a hurry, he first spends a year or two familiarizing himself with Hong Kong Airlines, and then uses the loan to buy new aircraft, which can not only further control Hong Kong Airlines, but also increase Hong Kong Airlines' competitiveness.
Especially for the route from Hong Kong to Tokyo, Lin Zhichao predicts that there will be great opportunities, so he plans to add a Boeing 707 to join this fixed route in the later stage.
Cheung Kong Industrial.
In the conference room, Lin Zhichao was holding a meeting with the senior management, and Tang Caiyun was also in attendance, and she was also the chairman of the remuneration committee, a senior executive of Cheung Kong Asset.
"The design of No. 9 Chiu Lung Street can be prepared for the start of preparation, and this is our fourth commercial project of Cheung Kong."
The Crocodile Shirt Building, the Miramar Hotel, the Sing Tao Department Store, and now No. 9 Zhaolong Street are the current commercial projects of Cheung Kong Real Estate.
No. 9 Chiu Lung Street, with a site area of 14,000 square feet, is expected to build an 18~20-storey office building. This kind of building is a 'medium-sized building' in Central, Hong Kong in the future, and its value is also in the range of 60~10 billion yuan (the value around 2015).
For example, the Hong Kong Hotel on Pedder Street can be rebuilt into a 'large building', with a future value of 20 billion Hong Kong dollars, because the location is also the heart of Central, while the crocodile shirt building belongs to the 'small building' in Central, with a future value of 30~5 billion Hong Kong dollars; Building 77 Des Voeux Road Central is also a medium-sized building, and there is no problem with a future value of $8 billion.
The Lin family's building in Central alone is already worth 40 billion.
Of course, that's just the beginning!
Huang Changhong immediately said: "No problem, let's come up with a design plan as soon as possible!" The plot of land is 14,000 square feet, and the plot ratio given by the Planning Department is 13.6, and if an 18-storey tower is built, each floor can get 10,500 square feet of floor area."
Lin Zhichao said: "Hmm. This building does not have two or three floors of shops, with the office building as the core, and only the first floor and basement are used as shops. ”
Zhaolong Street, which is connected to Queen's Road Central and Des Voeux Road Central, has a good geographical location. But although the location is good, considering the current level of Hong Kong's economy, it may not be possible to rent out so many shops.
In the future, it is also possible to convert office buildings into shops, in short, according to the actual situation.
"Okay"
Next, Hu Zhaoxu reported on the land purchase, in just two months, Changjiang Real Estate won four cheap real estate, the price of which was only five or six percent of the peak. These real estate projects have a characteristic, that is, they belong to the real estate developers' 'liquidation' of real estate projects.
After listening to the report, Lin Zhichao said: "The acquisition of Defu Garden must also be taken into action. Through the way of housing exchange and subsidy, we will increase our land of more than 160,000 square feet on Ferry Street to more than 200,000 square feet, which is conducive to increasing the plot ratio. ”
This is a site for a private housing estate, which is expected to build more than 2,500 residential private estates, and the profits may be in the hundreds of millions.
Hu Zhaoxu nodded and said, "We will come up with the subsidy plan for you to review as soon as possible!" At present, high-rise buildings are the mainstream of residential buildings in Hong Kong, and we have prepared good locations and good floors for them to replace, and I believe that the acquisition will be successfully completed. ”
Lin Zhichao immediately said: "The important thing in acquiring an old building is patience! And try to avoid becoming a channel for the community to 'nail the building' to collect money, in short, this work is difficult to do, or be psychologically prepared. Therefore, it is better for the company to set up a subsidiary to be responsible for the department that will acquire the old building in the future. ”
As the saying goes, 'little ghosts are difficult', even Cheung Kong may not be able to solve the problem smoothly when encountering some people who nail the building, and the best way is to make some money for the people who nail the building, and everyone will make money in harmony.
No matter how bad it is, as long as a certain percentage of the project is acquired, it can also be ruled by the court. After all, Hong Kong is a small site, and if it is consumed for a long time, it will have a great impact on urban planning.
Hu Zhaoxu said: "Okay"
Other executives agreed, with Huang saying: "There will be a lot of work to buy old buildings in the future, so it is necessary to set up a subsidiary to specialize in this area." It also avoids potential dangers, such as the impact on the company's reputation. ”
Everyone also understands that Cheung Kong has become a large-scale real estate company and may not be able to surpass Hongkong Land in the future.
Moreover, the recent acquisition of a British-funded company by the boss has caused a huge influence in the Chinese business community in Hong Kong. Even Hong Kong Airlines was won by the Chinese, and everyone was very excited.
Next, Lin Zhichao asked again: "Manager Zhou, how is the return of our funds?" ”
Zhou Fuzhao immediately reported: "Our reputation is well recognized by law firms and clients, and the installment payments are now received on time, and the funds returned from the residential projects have reached 70%, which is sufficient to support the company's commercial project plans. ”
Cheung Kong has no debts and can take out loans at any time to acquire land.
Recently, Lin Zhichao is conducting an exchange with the Hong Kong government, banks, and the real estate industry, that is, in the future, it is more reasonable for 'installment payment' to be paid through banks, and banks can charge interest.
In this way, the developer can pass the risk on to the bank; Of course, banks are also vested interests because they add a business. As soon as this kind of thinking came out, everyone discussed it one after another, and it was only a matter of time before it became mainstream.
After the meeting, Cheung Kong once again started running at high speed, after all, it is the boss of Chinese real estate in Hong Kong, and the top five Chinese real estate companies in Hong Kong are not as high as the asset value of Cheung Kong.
The asset value of Cheung Kong should be around 300 million Hong Kong dollars.
(End of chapter)