Reborn as a tycoon in Hong Kong

Monday on weekdays.

Lin Baicheng came to Hutchison Whampoa.

Although in terms of share market value, the market value of Hutchison Whampoa shares held by Lin Baicheng is not as high as that of Galaxy Games, Hutchison Whampoa is larger in scale, has more subsidiaries, and covers more industries. In terms of business sectors, , is even more important to Lin Baicheng.

Therefore, when Lin Baicheng started working, the first place he went to was Hutchison Whampoa.

In fact, although Lin Baicheng left Xiangjiang for more than a month, Hutchison Whampoa was managed by Wei Li and other management. The company was developing steadily and nothing major happened. Lin Baicheng was fine without asking.

But this is only temporary. If Lin Baicheng, the big boss, doesn't interfere with the company's affairs for too long, the company will definitely have problems, and someone will definitely be unable to help but reach out.

After all, the temptation is too great. You can make tens of millions of Hong Kong dollars or even more with a little effort. It is absolutely impossible without effective supervision.

Lin Baicheng's existence is a steadfast needle. When he visits the company from time to time, company executives will not dare to mess around, and company executives will also supervise the people below to maintain the company's stable development.

Of course, in addition to going to the company from time to time, there must also be necessary supervision and management, otherwise it will be useless for him to go to the company alone.

In the chairman's office, Lin Baicheng was processing the documents accumulated during this period.

In fact, there are not many documents that need to be handled by Chairman Lin Baicheng personally. It is more that Wei Li and other management can handle them by themselves, and he needs to check whether there are any problems with these documents.

It is true that the relevant rights have been released, but Lin Baicheng needs to check these documents to make sure that there are no problems with the contents of the documents and that they have not harmed the interests of the group company.

"Huh? Jianing Group is preparing to raise funds?"

After seeing a document about Jianing Group, Lin Baicheng became more serious.

Lin Baicheng is not very clear about the current situation of Jianing Group, but if there are no changes in the future, this company started by Chen Songqing will suffer a storm in the next year and eventually go bankrupt.

Under his leadership, Hutchison Whampoa sold the Golden Gate Building to the Carnegie Group for HK$1.03 billion, received HK$600 million in cash, and converted the remaining HK$430 million into more than 30% of the shares of the Carnegie Group. , Hutchison Whampoa has more than 28% of the remaining shares after the listing of Carining Group.

In Lin Baicheng's plan, he was planning to let Hutchison Whampoa start selling shares of the Jiani Group one after another in the second half of next year. After all, he only knew that the Jiani Group had an accident in 1982. He would remember the specific day. Not sure.

Lin Baicheng read the contents of the document carefully.

Jiani Group is preparing to raise funds. Although the control of Jiani Group is in the hands of Chen Songqing, Hutchison Whampoa is the major shareholder of Jiani Group. Chen Songqing must respect Hutchison Whampoa if he does not want problems in the company's management. Opinions of major shareholders.

What's more, when Hutchison Whampoa took the stake, it signed several terms with the Carnegie Group that were beneficial to Hutchison Whampoa.

One of the clauses stipulates that Hutchison Whampoa has the right of first choice when the Jianing Group raises funds or issues additional shares.

When Chen Songqing's financing plan was approved by the board of directors, Hutchison Whampoa, the major shareholder, was immediately notified in a formal document.

The document in Lin Baicheng's hand has been processed by the leaders of the relevant departments of Hutchison Whampoa, as well as a vice president and president Wei Li. Because the amount involved is not low, and the financing is not happening immediately, it is not the first time. He immediately reported to Lin Baicheng, but waited for Lin Baicheng, the big boss, to come back to process the document.

The conclusion of Wei Li and others is that they participated in this financing because Jiani Group is currently developing very well, and the Xiangjiang real estate industry is on the rise as a whole, so they believe that Jiani Group has great potential, and participating in the financing will definitely enable the company to gain profits in the future. profit.

"Chen Songqing has boarded the HSBC boat."

What makes Lin Baicheng interesting is that this time, the Carnegie Group is financing from HSBC, with a total financing of 10% of the shares. If Hutchison Whampoa does not follow the investment, HSBC will become the third largest shareholder of the Cargo Group.

When Hutchison Whampoa sold Golden Gate Tower to the Carnegie Group, Carnegie Group's valuation was only HK$1.375 billion. Later, it was listed with a market value of HK$1.5 billion. Since then, the stock price has generally risen, and it did not take long to exceed the market value of HK$2 billion.

The document in Lin Baicheng's hand was delivered here almost ten days ago. At that time, the market value of Jiani Group was HK$2.4 billion, and 10% of the shares were financed at a market value of HK$2.4 billion. HSBC did not take advantage.

In fact, given HSBC's size and bank attributes, most companies in Hong Kong would welcome it if it bought shares in other companies, and would let HSBC raise funds at a price slightly lower than the current market value, giving HSBC some profits.

It’s just that the Giant Group has Hutchison Whampoa as its major shareholder. At the board meeting at that time, the shareholders representing Hutchison Whampoa did not object to the Financing by the Guardian Group, but they opposed the financing at a lower price and seriously stated that they could not harm the company. Hutchison Whampoa's interests.

Later, the financing price was calculated based on the market value of HK$2.4 billion.

In other words, if Hutchison Whampoa does not participate in this financing, HSBC will acquire 10% of the shares of Jiani Group for HK$240 million.

HSBC is willing to provide 240 million Hong Kong dollars in cash, which is no longer a small amount. I guess I also know that Chen Songqing has a close relationship with HSBC's Taipan Shen Zhou.

"Even if Hutchison Whampoa does not raise funds this time, it will still have no less than 25% of its shares, which is enough."

Lin Baicheng just thought about it for a moment and made the decision not to participate in the financing of Jiani Group and to give up 10% of his shares to HSBC.

If HSBC doesn't run fast enough on the Jianing Group, this financing can completely cause HSBC to lose a lot of money. Although a few hundred million Hong Kong dollars is nothing to HSBC, it is always a good thing to make HSBC lose money.

At least it's a good thing for Lin Baicheng. HSBC will definitely become Galaxy Financial Group's biggest competitor in the future. Every weakening of HSBC's strength is a good thing for Galaxy Financial Group.

"Furthermore, if there is a thunderstorm in the Jiani Group and HSBC fails to run away, the loss will be more than 200 million Hong Kong dollars."

Lin Baicheng knows very well that HSBC is a bank. After becoming a shareholder of Jiani Group, Jiani Group will have an easier time borrowing from HSBC. At that time, HSBC will only invest more funds in Jiani Group.

Of course, if the Jianing Group really reaches the stage of bankruptcy and liquidation, HSBC, as the leader of Xiangjiang Finance, has the strength to make up for the losses from the Jianing Group first, and the relevant assets will be used to repay bank loans first.

Unless Jianing Group is hollowed out by Chen Songqing and left with nothing but an empty shell, HSBC will suffer heavy losses.

"Secretary Liang, help me contact President Wei Li and ask him to come over."

Lin Baicheng used the landline to contact Liang Aijiang, the secretary in the office outside. Liang Aijiang was Chairman Lin Baicheng's new secretary at Hutchison Whampoa after Chen Huixiang left here.

After a while, Wei Li came over.

"Weili, sit down."

Lin Baicheng motioned to Wei Li, who was greeting him, to sit down opposite him.

"Regarding the financing of Jiani Group, I decided not to let Hutchison Whampoa participate. The number of shares currently held by Hutchison Whampoa is already sufficient."

Lin Baicheng handed over the documents regarding Jianing Group's financing.

Wei Li took it but did not open it: "Mr. Lin, Jianing Group is developing well now, and the company's market value is also constantly increasing. It is not necessarily a bad thing to participate in financing now. I believe it can bring sufficient returns to the company in a few years."

Of course, Lin Baicheng would not tell Wei Li and others about the true situation of Jianing Group. If the news spread in advance, the only people who would lose would be Hutchison Whampoa and himself.

"The development of Jia Ning Group is indeed good, but I am more optimistic about Hutchison Whampoa's own development, and I prefer to use funds to develop the group itself. The group's own real estate, retail and other businesses require a lot of funds, not to mention the group's just acquired Bentley Motors."

"Although the group has invested a lot in Bentley cars, it is foreseeable that the group will only invest more in automobile companies in the next few years."

“So, not only will the group not participate in the financing of the Jiani Group, but when Jiani brings sufficient returns to the group, the group will choose the opportunity to reduce its holdings and sell off its shares, and use the recovered funds to develop the group itself. "

This can be regarded as Lin Baicheng's true thoughts, but it is more of an excuse. After all, Hutchison Whampoa is not short of cash, otherwise the company would not invest heavily in real estate in Japan.

"Chairman, if we don't participate in the financing, should we veto the Jianing Group's financing plan this time?"

Wei Li didn't object after hearing this. For a large group like Hutchison Whampoa, this matter was not a big deal. The boss just had to listen to him when he made the decision.

"No, let Jianing Group continue to raise funds as usual."

Lin Baicheng waved his hand: "With the addition of HSBC as a shareholder, the development of the Jiani Group will be smoother, and the market value of the Jiani Group will reach expectations earlier. This is a good thing for us at Hutchison, and there is no reason to veto it. "

"Okay Mr. Lin, then I will find time to inform Jianing Group."

Wei Li nodded, paused and then said: "Mr. Lin, when the market value of Jiani Group reaches what value do you think it would be more appropriate for Hutchison to sell its shares in Jiani Group?"

"We'll see about this later, I don't know yet."

Lin Baicheng was really unsure because he cashed out and left according to the time.

The price at which Hutchison Whampoa's shares in the Carining Group will be cashed out depends on Chen Songqing's ability.

If Chen Songqing's ability to do accounting deception is very good, and by the middle of next year the market value of Jiani Group will be two or three times or even higher than it is now, then Hutchison Whampoa will naturally earn more.

But if Chen Songqing is not talented enough or courageous enough, by the middle of next year, the market value of Jia Ning Group may be less than half of what it is now, or even less.

Of course, there is a worst-case scenario, that is, after HSBC becomes a shareholder of the Guardian Group, it discovers that there is a problem with the Guardian Group and runs away early. By then, it will be Hutchison Whampoa that suffers losses.

However, for Hutchison Whampoa, the more than 400 million Hong Kong dollars invested in the Carining Group were part of the funds for the sale of the Golden Gate Tower. Hutchison Whampoa basically did not contribute the capital, so even if the more than 400 million Hong Kong dollars were lost, it would not be a big deal. loss.

Of course, no one wants to lose money if they can make money.

There are risks, but in Lin Baicheng's opinion, the risks should be small and within the controllable range, so you can take a gamble.

Wei Li said: "Okay Mr. Lin, if there is nothing else, I will go out first."

"Follow up on the Jianing Group's financing, and remember to tell me if anything happens." Lin Baicheng reminded.

"yes!"

Wei Li agreed, and after making sure Lin Baicheng had nothing else to say, he stood up and went out.

Lin Baicheng continued to deal with other documents.

After Wei Li left Lin Baicheng's office, he returned to his CEO's office and asked his secretary to call Xia Boyin to his office.

Xia Boyin is the vice president of Hutchison Whampoa and the only vice president currently based in Hong Kong. Among the other two vice presidents, Peter Wei travels between Japan and Hong Kong, while Cheng Yufeng often travels to England, the United States and other places.

"Mr. Lin will not allow Hutchison Whampoa to participate in the financing of Jianing Group. You are responsible for handling this matter."

After Xia Boyin came over, Wei Li went straight to the point, handed the documents to Xia Boyin, and let Xia Boyin handle the matter.

"good."

Xia Boyin nodded, and then asked: "Why doesn't Mr. Lin agree to participate in financing? Isn't he optimistic about the development of Jianing Group?"

"That's not true."

Wei Li said: "Mr. Lin just feels that the group holds enough shares in the Jiani Group. After all, Jiani Group is someone else's company, and there is no need to hold too many shares."

"Fine."

Xia Boyin agreed with this statement. Besides, the big boss had already made a decision, so it was impossible for him to argue with the big boss.

Wei Li said: "You are responsible for following up on the Jianing Group's financing. Although the group does not participate in the financing, it does not object to the financing. However, the group's interests must not be harmed. Therefore, the financing must be followed up throughout the process. If there is any change, be the first to do so. Time to report.”

"I understand. President, don't worry."

Xia Boyin nodded.

"Okay, that's it."

"Then I'll get busy first."

Xia Boyin stood up and left with a wink.

When Xia Boyin returned to his office, he called a minister in charge of the matter to his office and told him to go to Jianing Group and follow up on Jianing Group's financing.

This is not because Xia Boyin wants to push down level by level. The main reason is that Hutchison Whampoa’s size is there. He has many big things to deal with. The financing of Jianing Group is not a big deal for the entire Hutchison Whampoa. .

On the bright side, Hutchison Whampoa's market value is more than 40 billion Hong Kong dollars, while the market value of Carnegie Group is only more than 2 billion. Hutchison Whampoa's market value is more than 16 times that of Carnegie Group.

Not counting Lin Baicheng, the chairman of Hutchison Whampoa, Xia Boyin, the vice president, can be said to be the number two or three person in Hutchison Whampoa. There is no reason for him, a big shot, to personally handle some trivial matters in their eyes.

If he really had to handle everything personally, then Xia Boyin, the vice president, would definitely be busy every day, and he would be overwhelmed.

It is very appropriate for a middle- and senior-level manager from Hutchison Whampoa to be responsible for following up on the affairs of the Carining Group. It is neither too high nor too low.