I Want To Be a Rich Man on Hong Kong Island

Latest URL: In mid-January, He Yuanzhang sent the annual report (1971) of Universal Group to Wu Guangyao.

Shipping has indeed begun to decline sharply. The total profit of global shipping last year (1971) was 900 million U.S. dollars. Compared with the peak period (1969) of 1.15 billion U.S. dollars in profits, the profit has dropped by more than 20%;

However, Wu Guangyao was very satisfied. Since the closure of the Suez Canal in 1967, some industry media pointed out that Universal Group earned 20% of the profits of global shipping; and Wu Guangyao knew that the 20% data may underestimate Global Shipping, 25 If it is %, it should be almost the same!

After all, before the closure of the Suez Canal, the total load capacity of the global shipping fleet far exceeded that of the Soviet Union, and was close to the total load capacity of American merchant ships; it can be said that in recent years, global shipping has controlled the economic lifeline (oil) of many countries.

Although the profit of shipping has declined, the profit of the terminal has begun to rise sharply; the global shipping currently has a total of 42 ports (including those under construction), and last year (1971) made a profit of 260 million US dollars;

Terminal service will undoubtedly become the next profit-making tool of Universal Group!

Wu Guangyao remembers that after Li Chaoren acquired Hutchison in his previous life, Hutchison's Kwai Chung Container Terminal created a record annual profit of 5.5 billion Hong Kong dollars in the 1980s;

One can imagine how profitable the terminal is!

Hong Kong's Kwai Chung Terminal has always been the world's top three container terminals in terms of throughput, because Hong Kong is the trade vest of the Mainland;

Regardless of whether it is an export or an import, the mainland will exchange the goods for a vest in Hong Kong before conducting trade;

Because of this, the Kwai Chung Ferry Terminal in Hong Kong is so busy!

According to history, there should be nine Kwai Chung Container Terminals, and seven of them have already been owned:

Universal Group has exclusive rights to No. 1, No. 2 and No. 3 Kwai Chung Container Terminals;

American Ocean Intermodal Company has an interest in Kwai Chung Container Terminal No. 4;

Oyama Shipping Company of Japan owns the rights and interests of No. 5 Kwai Chung Container Terminal;

The modern container company, which is composed of three European shipping companies and local foreign companies, owns the rights and interests of No. 6 Kwai Chung Container Terminal;

International Container Terminals, a subsidiary of Hutchison International,

owns an interest in Kwai Chung Container Terminal No. 7;

In other words, Kwai Chung Container Terminal still has container terminals No. 8 and No. 9, which have not yet invited tenders.

And Hutchison, which is considered by Wu Guangyao, has 1.2 rights and interests in Kwai Chung Container Terminal;

At the same time, according to Wu Guangyao's knowledge, Japan Daisen Shipping intends to sell the rights and interests of No. 5 Kwai Chung Container Terminal;

Naturally, the Universal Group will not be polite. I am afraid that in a few years, the Universal Group will own the rights and interests of 5.2 container terminals in Kwai Chung, occupying more than half of the Kwai Chung Terminal!

The only trouble is that before the handover of Hong Kong Island, the mainland clamored to redistribute the rights and interests of the Kwai Chung port;

However, Wu Guangyao is confident that the mainland will definitely win over the Wu family;

Of course, the Wu family can also reciprocate with peaches, and sell at most one container interest.

It is not only the Kwai Chung Terminal in Hong Kong that makes money, but the two container terminals invested in Singapore have also begun to exert their strength;

Singapore's port itself is also one of the three major ports in later generations, so the future profits of the two containers in Singapore will not be lower than the two container terminals in Kwai Chung;

Global Group also owns container terminals in developed countries such as the United States, Japan, and the United Kingdom, as well as container terminals in countries with large land areas such as Brazil, Argentina, Mexico, and South Africa;

It can be said that the current achievements alone have surpassed Li Chaoren's wharf business in his previous life (excluding inland ports);

After all, the terminals of Universal Group are all located in ports with the largest throughput in the world.

The pillar industries of Universal Group are shipping, terminals, and aviation, and the potential of aviation is also very large;

Hong Kong Island Airlines made a profit of US$22 million last year (1971);

However, the money still cannot be used for dividends, and needs to continue to invest in the purchase of aircraft and other matters;

Since the acquisition of Hong Kong Island Airlines in 1953, for nearly 20 years, Hong Kong Island Airlines has not brought Wu Guangyao a cent of dividends, but has invested tens of millions of dollars in reverse;

The real explosion period of the aviation industry began in the 1980s, when the profits of Hong Kong Island Airlines will be greatly improved;

In the 1980s and 1990s in the previous life, the profit of Cathay Pacific accounted for 65% of Swire Pacific;

You must know that Cathay Pacific’s real estate on Hong Kong Island was already very strong at that time, but Cathay Pacific’s profits still far exceeded real estate projects;

It is precisely because of this that Wu Guangyao spared no effort to purchase aircraft in anticipation of the explosion of the aviation industry.

 …

At the shareholders' meeting of Universal Group, Shen Bi's behavior suddenly made Wu Guangyao uncomfortable;

Shen Bi obviously hoped that HSBC would have a certain right to speak in the Global Group, so he tested it a few times;

However, Wu Guangyao prevaricated quietly on the grounds that HSBC only enjoys the right to dividends and financial supervision.

Shen Bi was promoted to the general manager of HSBC Bank last year (1971), while Sanders was still the chairman of HSBC;

All in all, HSBC has already started the 'Shen Bi Era'.

Afterwards, Wu Guangyao meditated in his office.

HSBC may already regard Wu Guangyao as an opponent;

In other words, for HSBC in Shen Bi's era, Wu Guangyao will not be the "only choice" for Chinese capital of HSBC.

Then Wu Guangyao entrusted HSBC to help him take down Hutchison, is it no longer sure?

"We can't pin all our hopes on HSBC!" Wu Guangyao muttered to himself.

At this time, the market value of Hutchison International was 4.5 billion Hong Kong dollars, and it was obviously not cost-effective to use funds to acquire shares;

Since the stock market plummeted in 1967, Wu Guangyao also acquired 15% of Hutchison International's shares, but it was not very useful;

So there is no other way to do it!

Wu Guangyao had three reasons why he had to acquire Hutchison:

First, if you own Hutchison \u0026 Co., you will be the first Chinese to own a British-owned firm. Wharf is not a foreign firm after all; so in order to further enhance the influence of the Wu family, this Hutchison \u0026 Co. must be acquired. ;

Second, Hutchison is an associate company of Watsons and Whampoa Dock, controlling 30% of the shares of these two companies; as long as it acquires Hutchison, it will be able to pull these two companies into subsidiaries; Retail, cosmetics and other fields have developed very well, and the more than 2 million land of Huangpu Shipyard in Hung Hom is even more valuable.

Third, the wharf of Hutchison Co., Ltd. is also a valuable asset.

The most important thing is, if Hutchison \u0026 Co. ends up in Li Chaoren's hands, wouldn't the effect of what Wu Guangyao did before will be greatly reduced!

If Wu Guangyao wants to acquire Hutchison \u0026 Co., it is a relatively important means to absorb Hutchison International's shares at a low price when the stock market crash comes;

But it's not safe, and things don't look pretty enough!

At that time, if Qi Dezun still chooses to accept the acquisition proposal from HSBC;

Didn't Wu Guangyao pin all his hopes on HSBC again?

If China Everbright Bank is the largest creditor of Hutchison \u0026 Co., then Wu Guangyao has the right of first refusal;

Even if a hostile takeover is launched, it can be regarded as a famous teacher!

Thinking of this, Wu Guangyao became hot;

Because Qi Dezun did talk to Wu Guangyao about the loan, but he did not fully agree to his request at the time;

Although it is said that this is a moment and that is a moment, Wu Guangyao knows that Qi Dezun still needs a lot of loans;

At this time, Hutchison \u0026 Co., which is in the hands of Qi Dezun, can't help investing wantonly at home and abroad, and is also keen on stock trading;

If I hinted that I could lend him a loan, the more Qi Dezun would definitely do the better.

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