Reborn Tycoon Rise

On November 11, 1979, Hutchison Whampoa Company issued a notice: Xu Zhi will serve as the chairman of the company's board of directors. The former chief executive, Weili, will resign due to physical reasons. The former deputy Richard will take over as the new chief executive of Hutchison Whampoa. Evergrande Company Ma Shimin will serve as Richard's deputy.

Taipan’s deputy is basically the second person in the company, not to mention the support of the controlling shareholder behind him. Ma Shimin’s background was quickly found out by the media. Before being hired by Evergrande Company, this person only worked at Jardine The group only sells air-conditioning systems and elevators. While they were surprised by this incredible promotion, many media also pointed out that Evergrande Company was confused and actually hired such a person to serve as a senior executive of Hutchison Whampoa.

"These media know nothing, and they are just fooling around." In the office of the chairman of Hutchison Building, Xu Zhi threw the newspaper aside. Ma Shimin was the headhunting company he entrusted to recruit into the company this summer.

In later generations, this person became Li Jiacheng's most important right-hand man. In the 1980s, he earned sky-high profits for the expansion of Li Jiacheng's business empire. During his time in charge of Hutchison Whampoa, he successfully acquired Hong Kong Electric, Canada's Husky Energy, etc. In a well-known company, the later Li Jiacheng had many talented people, but he hired this person from outside to serve as Hutchison Whampoa's top class. This also made Xu Zhi very curious.

During the interview, Xu Zhi discovered that Ma Shimin was indeed very talkative and gave people a strong sense of empathy when talking about his life experiences, so he hired him from Jardine with a high salary.

After acquiring Hutchison Whampoa, he was arranged to join the top management of Hutchison Whampoa. In addition to the idea of ​​​​training and observing his abilities, placing a British person into Hutchison Whampoa is also a hint to all British senior executives of Hutchison Whampoa: As long as it can make money for the company, Evergrande does not care about your nationality or skin color.

In fact, this is also true. In the future, Hutchison Whampoa will definitely go out of Xiangjiang. No matter how dominant the fish produced in a small lake like Xiangjiang is, it will be far behind compared with the fish in the sea. With these white-skinned management, it will be easy to compete with European and American countries. cooperating.

Wang Liming said: "There are also many Chinese managers here at Hutchison Whampoa. They were not given much credit in the original Hutchison Whampoa. Now they have applied to be transferred to Evergrande. Moreover, I have arranged headhunters to recruit people from the top management of the real estate five tigers." , I believe our team will be established soon.”

"Okay, act quickly, otherwise you will miss the best dividend period." Xu Zhi said with a smile. Evergrande's original real estate business was not much, but after annexing Hutchison Whampoa, there will be many businesses that will be cooperated. This pair of Evergrande Company has great requirements.

Why work together? This is actually the benefit of acquiring a listed company!

After the acquisition of Hutchison Whampoa by Cheung Kong Holdings, Li Jiacheng of later generations also started a business together:

First of all, a company with a long history like Hutchison Whampoa must have a large amount of land reserves. Then Cheung Kong Industrial and Hutchison Whampoa formed a joint venture, bought the land at a low price, and then developed it together, and the profit was half of each person's profit.

Intuitively speaking, Hutchison Whampoa could have earned 100 million from the land. If it was developed by Hutchison, then Cheung Kong would have earned 40 million based on its 40% shareholding. However, after the joint venture, the two companies bought the land for 30 million and developed it. After the final net profit was 70 million, and the family took half of it, Yangtze River took away 35 million, and after Hutchison Whampoa made 65 million (including the 30 million that started selling the land), it still needs to distribute 40%, or 26 million, to Cheung Kong Industrial, which means that it uses In this way, Cheung Kong Holdings earned 61 million yuan.

Liu in later generations was keen on acquiring listed companies and then blackmailing the controlling family to make profits. This method is notorious and not very profitable. What is really clever is to acquire it back, cooperate with it through legal means, and draw blood from the acquired listed company to satisfy himself. .

For example, Cheung Kong Holdings borrowed HK$600 million from HSBC to acquire Hutchison Whampoa, but in 1983 alone, Li Jiacheng used his status as a major shareholder to order Hutchison Whampoa to distribute HK$2 billion in cash dividends, and Cheung Kong Holdings received HK$700 million, plus other real estate projects. Through cooperation, the HSBC loan has been paid off long ago, and the remaining assets of Hutchison Whampoa, such as the terminal, Central Properties, Watsons, and the Hung Hom land, are basically free. This is the great thing.

Li Jiacheng's rise in later generations was largely due to the use of this method to obtain huge profits from the original land of Hutchison Whampoa, Hong Kong Electric and other companies.

Since he already had such a perfect teacher in his previous life, Xu Zhi must of course follow suit and learn from him. Now that the final madness in the real estate industry is about to begin, it is the best time to develop Hutchison Whampoa's commercial land.

Wang Liming said: "Xu Sheng, Li Jiacheng sent people to urge us many times to let us convert 12% of Yangtze River's equity into preferred shares in accordance with the original agreement."

"Okay, let's just follow the original agreement!" Xu Zhidao.

Wang Liming said: "Understood, I guess Li Jiacheng is anxious for us to convert our shares. He probably wants to dispose of his own shares, or expand additional shares to raise funds."

"It's possible!" Xu Zhi said with a frown: "Just from the disposal of Hutchison Whampoa shares, he already has hundreds of millions in cash, and land prices have risen sharply this year. Yangtze River Industrial's performance this year should be very good, and there is no shortage of money at all. This If Li Jiacheng cashes out the financing at that time, he will most likely make a major acquisition! If Hutchison Whampoa is lost, HSBC will most likely help."

Wang Liming said: "Big acquisition? With the help of HSBC, I shouldn't have many targets that still need hundreds of millions of funds. I just don't know which company it is, or is it a property in Central?"

Xu Zhi shook his head and said: "It's unlikely to be a property in Central. The companies that like to acquire properties in Central are the kind of conservative companies that focus on stable rent collection, or consortiums with too much money that can't develop new projects in a short time. Li Jiacheng’s ambitions go beyond that and may be different in the future, but at this time it is impossible for him to trap a large amount of money in a Central building.”

Wang Liming nodded and said: "Li Jiacheng made his fortune in real estate. The acquisition company must be a traditional British company with a large amount of land. I just don't know which family will be unlucky!"

"I don't think so!" Xu Zhi said with a smile: "Li Jiacheng is very smart. I don't think he will be stupid enough to go head-to-head with a family-controlled British company. After all, Jardine's Wharf is a lesson learned from the past. Bao Yugang's net worth is close to 10 With the help of HSBC, he is still stuck here and cannot move forward or retreat. If Hutchison Whampoa had not encountered us, it would have been the biggest success in his life. The fundamental reason is that Hutchison Whampoa does not have a family controlling shareholder. As long as HSBC is solved That’s fine, which British-owned stock market has seen greater fluctuations in the stock market during this period?”

"There is no British-owned company controlled by a family." Wang Liming thought for a while and said: "HK Electric Group? Hong Kong Electric's stock price has risen a lot during this period."

"Yes, it is most likely Hong Kong Electric." Xu Zhi said with a smile: "Although Hong Kong Electric's power generation business is not as good as China Electric Power, it has a monopoly position on Hong Kong Island, and power companies are basically not affected by the economic crisis, and Hong Kong Electric It owns a large amount of land on Hong Kong Island. Although these are not prime commercial locations, the profits from residential development are absolutely extremely high. The most important thing is that Hong Kong Electric has been established for hundreds of years and has no controlling shareholder for a long time, making it the best target. .”

Wang Liming nodded and said: "It is possible, but this is just our guess!"

Xu Zhi smiled and said: "Whether it is speculation or not, it may be true anyway. Since Li Jiacheng secretly arranged for us, we will return it and make the first move to acquire Hong Kong Electric."

"Acquire Hong Kong Electric again?" Wang Liming suddenly became energetic and said: "We also made several hundred million by selling Hutchison Whampoa shares. As long as we borrow some cash from Midea, it will be enough."

"Don't use this money." Xu Zhi shook his head and said: "Although we have temporarily controlled the board of directors of Hutchison Whampoa, our equity is only 30%, which is not absolutely safe. Now I plan to use the remaining funds of Evergrande Slowly increase Hutchison Whampoa’s shares until it reaches 49.9%.”

"Xu Sheng, in fact, 30% of the shares are generally safe enough. Coupled with the high profits of your other industries, no company in Xiangjiang can acquire Hutchison Whampoa." Wang Liming explained.

Xu Zhi shook his head and said, "You don't have to worry about it, I have my own ideas."