Reborn Tycoon Rise

Jordan has signed a contract, but he cannot join the Bulls yet. After the Jordan international trademark was also registered in the United States, Xu Zhi also flew back to Hong Kong.

The time soon came to May, and the real estate market in Xiangjiang gradually entered a hot stage. Chinese real estate companies headed by Cheung Kong Holdings, Henderson Land, Hang Lung Properties, and New World were even more eye-catching. From Tsim Sha Tsui to Yuen Long, from Guan From Tong to Kwai Tsing, a large amount of residential land has broken transaction records one after another, and the residential floor prices in some prosperous areas have exceeded 1,000 yuan per square foot.

Evergrande Real Estate, hailed by the media as the largest real estate group in Hong Kong in the future, has kept a low profile. Since the acquisition of Hutchison Whampoa and Hong Kong Electric Company, it has been developing land for its two major subsidiaries and has never participated in the land auction held by the Hong Kong government.

"Xu Sheng, this is the recent financial report record of Hutchison Whampoa Company!" As soon as Xu Zhi returned to Xiangjiang, Ma Shimin came to report on the recent developments.

Evergrande has owned Hutchison Whampoa for more than half a year. During this period, Ma Shimin used his extremely good communication skills to successfully gain the trust of most of the original British management and arranged for many Chinese to enter the company's core department: finance. and personnel.

Seeing that his power had been reduced and the situation was over, Richard submitted his resignation to the board of directors. Although Xu Zhi agreed, he also considered that he had helped him. After a conversation, Richard decided that he would start his own business and at the same time undertake some and Remember the logistics supply business at Huangpu Terminal.

As for Hong Kong Electric, historically, Li Ka-shing once intended to use his funds for overseas acquisitions and investments, but was rejected by the British Hong Kong government at the time on the grounds that funds from public resource companies were not allowed to be used for overseas high-risk investments. So later Li Ka-shing broke up Hong Kong Electric.

In this life, Xu Zhi has already had this plan from the beginning of the acquisition. Hong Kong Electric's power generation business has stable profits, which will not fall but will not rise. This kind of enterprise can be handed over to the original management while the real estate business is divested. Later, Evergrande Group spent 2 months and huge sums of money to fully privatize it and become part of Evergrande Real Estate.

"Yes, after getting rid of so many useless businesses, Hutchison Whampoa will travel lightly in the future. As long as it becomes bigger in the industry it is proficient in, it will be more influential than this kind of messy branch with hundreds of branches!" Xu Zhi is very satisfied. Ma Shimin's achievements.

After becoming the new chief executive of Hutchison Whampoa, Ma Shimin followed Xu Zhi's instructions and quickly sold Hutchison Whampoa's shipping companies at cost prices, and then immediately began to close or sell non-core businesses one after another. While making reasonable layoffs, he also eliminated Some British management who did not obey orders withdrew more than HK$800 million in funds to develop the company's land in non-prime areas.

Ma Shimin nodded and said: "Currently, Hutchison Whampoa's businesses are basically only retail, terminals, real estate, trading, and daily chemical products. These branches left over from Qi Dezun's era have basically been sold. Our current number of employees at Hutchison Whampoa It has dropped to 17,000, which is only half of what it was before.”

"More people do not necessarily mean greater power!" Xu Zhi said with a smile: "The most important thing is to do well in the core business and have high profits."

During the Qi Dezun era, Hutchison Whampoa acquired companies aggressively in order to expand its scale, just like Carin today. However, after Xu Zhi took over, he went in the opposite direction, selling a large number of useless assets in exchange for the development of the core business. Later Li Jiacheng also did This has been done before, but not as decisively as Xu Zhi did. In addition, around the 1990s, Li Jiacheng invested in the telecommunications and energy industries.

Xu Zhi asked: "How is the real estate business?"

Ma Shimin nodded and said: "Currently, Evergrande and Hutchison Whampoa are jointly developing more than 30 real estate projects, involving more than HK$5 billion in capital. As long as the pre-sale of pre-sale properties is available next year, the company's profits will inevitably increase significantly."

"Not bad!" Xu Zhi was very satisfied with this. He had already made detailed arrangements for the real estate business.

Although the original Hong Kong Electric Company has been split, because it will take several years for the new power plant to be put into operation, the original power generation facilities are still operating on the land of the later famous "Hong Kong Electric Peninsula" and "Laguna City". Currently Unable to develop.

The future Whampoa New Village, which is currently Hutchison Whampoa's largest Hung Hom land, is still industrial land, so it is naturally not an opportunity for development.

In just one more year, real estate will reach its peak, but in fact it is far from the craziness of the 1990s. Therefore, the companies under its subsidiaries are not in a hurry to sell the really large-scale land or the land in a good location, but the main development location is secondary. However, a large amount of land is used to raise funds for the future.

However, unlike several other Chinese-owned real estate companies, Evergrande and Hutchison Whampoa mainly operate commercial office and industrial office buildings, with very little involvement in residential properties, and some land is sold directly.

Ma Shimin said: "Currently in the terminal business, Hutchison Whampoa already occupies three berths at Kwai Tsing Container Terminal and controls almost 40% of Hong Kong's import and export business. It is said that the Hong Kong government has plans to develop a seventh berth. Do we want to participate in the bidding? "

"Of course you have to participate. It is impossible to lose money in the terminal business. Although the initial investment is a bit larger, as long as it starts operations, it is equivalent to sitting back and collecting money." Xu Zhi replied with a smile. Hutchison Whampoa's core business is the terminal. Not only can it make money, but most importantly, it controls the movement of goods and a large number of jobs in the entire industrial system. It has a great influence on the government, not to mention that in the future, he also plans to turn the terminal into a Business expanded to the mainland.

However, there is no rush for the time being. Although the Hong Kong government has plans, they will soon be delayed due to the real estate crisis and Sino-British negotiations. It was not until the mid-1980s that the seventh berth was put on the agenda.

Ma Shimin thought for a moment and then asked: "Xu Sheng, why do we still want to keep the daily chemical business? Hutchison Daily Chemical Company's market share is not high!"

"That's the case at the moment, but I'm not interested in the market in Xiangjiang." Xu Zhi explained with a smile.

Hutchison Whampoa has a daily chemicals business, which produces soaps, washing powder and other products. The main market is Xiangjiang and some surrounding Asian countries. The scale is not very large, but Xu Zhi is very fond of this business, because in the future, in the mainland, This market is an unexplored virgin land.

In the original history, in the mid-to-late 1980s, the mainland began to implement more relaxed policies during reform and opening up, and the field of daily chemicals was also liberalized. However, large multinational companies were still more cautious and worried about cultural differences, so they looked for local companies in the same industry. Cooperation with capital giants has become the best choice.

The international daily chemical giant Procter \u0026 Gamble chose Hutchison Whampoa, and the two parties established a joint venture with a 69:31 shareholding. However, no one expected that the mainland economy would develop rapidly. In order to recover the shares, Procter \u0026 Gamble finally paid US$1.8 billion to be single.

On the other hand, the joint venture with Procter \u0026 Gamble also made Hutchison Whampoa's accumulation in the field of daily chemicals grow rapidly. After "breaking up" with P\u0026G, it entered into a joint venture with Mainland White Cat Company, which not only occupied a large number of markets, but also completely annexed it. this brand.

Xu Zhi said: "Daily chemical products will be one of Hutchison Whampoa's main businesses in the future. Don't just look at short-term returns. Let's do this. You allocate another 30 million Hong Kong dollars for the daily chemical company to use it for the research and development of the latest technology and market development."