Reborn as a tycoon in Hong Kong

"First, let's determine the total investment amount of the joint venture."

"Since we want to acquire Hutchison Whampoa's foreign trade business, and even if no one competes with us, this transaction will cost at least HK$800 million, so our investment amount must be more than this number."

"I am the major shareholder of Hutchison Whampoa, but the company I hold shares in acquires Hutchison Whampoa's foreign trade business. In order to avoid suspicion, this transaction must be a public auction, and competitors may appear."

Lin Baicheng said to the four of them.

Bao Yugang nodded slightly: "The possibility of competitors appearing is relatively high. If I had not established a foreign trade company in a joint venture with a few people, I would also choose to participate in the competition when I learned that Hutchison Whampoa was going to sell its foreign trade business."

Bao Yugang has decided to abandon ship and land. It is true that Wharf is his key investment, but he does not mind investing in other things. Furthermore, the foreign trade business is complementary to his shipping company. The freight is directly taken over by his shipping company, which not only saves the cost of the foreign trade company, but also allows the shipping company to have more business.

Mineryu Iwasaki said: "HK$800 million is just the minimum transaction volume. If there are competitors, we really can't determine the final transaction volume."

Logan Rockefeller said: "I think it is necessary for us to set a price limit for the acquisition of Hutchison Whampoa's foreign trade business. Above a price we will no longer compete. After all, the premium is meaningless if there is too much. And if there is no acquisition and Taking into account Huangpu’s foreign trade business, our initial investment does not need to be so large, so we should decide on two possible investment plans.”

Phil Smith nodded in agreement and said: "Logan is right. If the acquisition of Hutchison Whampoa's foreign trade business is successful, then we will naturally have to invest heavily. But if the acquisition fails, we will either acquire a small foreign trade company or To establish a foreign trade company from scratch, the investment amount in both cases does not need to be too large.”

"That's right, that's the truth."

Lin Baicheng agreed with this. He said: "Let's first discuss the price limit for acquiring Hutchison Whampoa's foreign trade business. The transaction price is at least 800 million Hong Kong dollars. If someone really competes with us, it will not be less than 850 million. Hong Kong dollars, what do you think?"

"I think we can look higher. Even if the upper limit is HK$900 million, it is acceptable."

Bao Yugang said that in his opinion, since he wants to invest, even if there is an initial loss, it is acceptable, just like when he acquired Wharf.

Iwasaki Mineryu nodded: "900 million Hong Kong dollars is about the same."

"I have no opinion."

After Phil Smith pondered for a moment, he gave the answer.

"I can accept HK$900 million."

Logan Rockefeller silently calculated in his mind that 150 million Hong Kong dollars was Hutchison Whampoa's profit last year. In the past two years, Hutchison Whampoa's foreign trade business profits have grown at a growth rate of about 15%. As long as the world economy does not experience another crisis, , so even if you buy it now for HK$900 million, it won’t be a loss.

As for what to do if an economic crisis causes losses, there is nothing you can do. Under an economic crisis, you can basically lose money on everything you invest in, and you can only admit that you are unlucky.

"Since everyone thinks that the upper limit of HK$900 million is more appropriate, then we will set a maximum acquisition price of HK$900 million."

Lin Baicheng did not object after hearing this. After all, he held half of Hutchison Whampoa's shares. The higher the transaction price, the greater the benefits to him. As for the joint venture company, although their respective shares have not yet been determined, Lin Baicheng certainly cannot hold half of the shares. Therefore, when the two parties conduct transactions, of course, the more Hutchison Whampoa makes, the greater the benefit to Lin Baicheng.

"Since the minimum acquisition price is HK$800 million and the upper limit is HK$900 million, then if we successfully acquire Hutchison Whampoa's foreign trade business, the total investment amount will be HK$1 billion. I think everyone should have no problem with this, right?"

"No problem!" "This number is just right!"

Yugang Pao, Mineryu Iwasaki, Phil Smith and Logan Rockefeller all nodded.

Lin Baicheng was not surprised when he saw this, and said instead: "Well, let's now discuss how much money we should invest if the acquisition of Hutchison Whampoa's foreign trade business fails. Let me tell you a number first, the total investment amount. It requires at least HK$100 million, and investment below this figure is too small.”

"It really cannot be less than HK$100 million."

The four of them strongly agreed with this. Everyone had a lot of capital. If the combined investment of the five of them was less than HK$100 million, the size of the company they would start would be too small for them.

Iwasaki Mineryu said: "Let me talk about it first. Three to five hundred million Hong Kong dollars is a big investment and big gains."

Bao Yugang said: "If the acquisition of Hutchison Whampoa's foreign trade business is not successful, there is no need to invest too much at the beginning. Just invest 200 million Hong Kong dollars first. When the company really lacks funds, we can continue to raise funds. .”

Logan Rockefeller agreed: "Mr. Bao is right, it is enough to invest 200 million Hong Kong dollars at the beginning. When we really lack funds, it will not be too late for us to refinance."

Phil Smith said with a smile: "I can do either, but since Logan and Mr. Bao have said so, let's invest 200 million Hong Kong dollars first."

"The minority obeys the majority, then our total investment amount will be set at 200 million Hong Kong dollars to establish the company."

Upon seeing this, Lin Baicheng made the final decision: "I will convene the board of directors of Hutchison Whampoa tomorrow and the day after tomorrow to discuss the sale of Hutchison Whampoa's foreign trade business. The board of directors will then pass the auction decision on the foreign trade business. At that time, let Our joint venture company is participating in the bidding. If we can successfully acquire it, then we will pay according to the shares we each hold to increase the company's registered capital to one billion Hong Kong dollars."

"That's it!"

The four of them all nodded after hearing this.

Next, the five people discussed the name of the joint venture company, and finally decided to call it Ocean Import and Export Trading Company, or Ocean Trading for short. The company's headquarters will be in Xiangjiang.

After that, it was time to discuss their respective shares in ocean trade.

After some discussion, Lin Baicheng accounted for 30% of the company's shares, Iwasaki Mineryu accounted for 20% of the company's shares, Phil Smith and Logan Rockefeller each accounted for 17.5% of the company's shares, and Bao Yugang accounted for 15% of the company's shares. How much should be invested in the same proportion.

Although Bao Yugang holds the smallest share, the shipping orders of the trading company are all handed over to his shipping company, so he actually does not lose money.

Lin Baicheng became the chairman of Ocean Trading Company, and Bao Yugang, Iwasaki Mineryu, Phil Smith and Logan Rockefeller all became directors of the company. There are exactly five directors in the company, and each person has one vote. Even the chairman, Lin Baicheng, is no exception.

We all form a joint venture to make money together, so we discuss important decisions together and send people to the Ocean Trading Company, so it is impossible for anyone to be the boss.

(Thank you to ‘Wutong Dengq’ for your huge 233 point reward support!)