Reborn Tycoon Rise

Chapter 471 Benefit Distribution (1)

The Excelsior Hotel is located on Gloucester Road, Causeway Bay, Hong Kong. It was once a warehouse of the Jardine Matheson Group and was later built as a hotel in 1973. It is affiliated to the Cultural Oriental Hotel Group under the Land Group. It is currently the hotel with the most guest rooms in Hong Kong and is adjacent to Victoria Harbor. , with beautiful scenery, is also the first choice place for many Xiangjiang businessmen to gather and discuss.

In a presidential suite, 67-year-old Bao Yugang looked energetic. When he saw Xu Zhi, he said with a smile: "Xu Sheng, I haven't seen you for two months, and you set off another big firework in Xiangjiang." ah!"

Xu Zhi said with a smile: "It's not a big deal. In fact, the Marden family has long wanted to evacuate Xiangjiang. Wheelock has been desperately expanding the scale of the shipping company in the past few years. In fact, it is a kind of asset transfer. The fixed assets were converted into movable marine assets, but he didn't take your eyes off that. This shipping crisis almost demolished the entire Wheelock!"

"I don't have any vision. I'm just getting old. I want to quit the shipping industry and prepare to invest in a stable business." Bao Yugang laughed and said, "But the acquisition of Wheelock is such a big thing. Only you, Xu Sheng, can say that." It’s an understatement.”

"Wheelock was indeed quite big in the past. If you don't dare to do it now, it really doesn't matter." Xu Zhi shook his head and smiled.

"A skinny camel is bigger than a horse, but Xu Sheng can even acquire Disney and Land, and Wheelock really can't compare." Bao Yugang said with a smile.

Xu Zhi put down the tea cup in his hand and asked: "Sheng Bao came here today probably because of Wheelock, right? Does Bao Sheng also want to acquire Wheelock?"

"I did have such an idea before." Bao Yugang admitted openly: "Before Xu Sheng publicly acquired Wheelock, I had secretly acquired 10% of Wheelock shares."

"Wheelock's performance in the past two years has not been good, and its market value is only about HK$4 billion. If Mr. Bao really wanted to acquire Wheelock, how could he only acquire 10% of it now?" Xu Zhi asked.

Bao Yugang sighed and said: "It's a long story. George Madden, Wheelock's chief manager for more than 20 years, has been kind to others, so..."

"I've heard about this." Xu Zhi nodded. Bao Yugang was a very kind person. Wheelock's former chief executive only gave him great help in starting Bao Yugang's business. In order to thank George Madden, On his 60th birthday, Bao Yugang personally presented him with a valuable longevity scroll. Many people in Hong Kong knew about this.

Bao Yugang continued: "Yesterday, Zhang Yuliang found me and sold me his shares at a high price."

"Why doesn't Zhang Yuliang want to sell the stock to me? Are you still afraid that I won't pay a high price?" Xu Zhi asked with some confusion. This incident also confused many people who studied Xiangjiang's economy in the past. Incessantly.

When Nanyang tycoon Qiu Teck Puat proposed a comprehensive acquisition of Wheelock, why didn't Zhang Yuliang directly sell the shares to Qiu Teck Puat? Instead, he chose Bao Yugang. Although Bao Yugang's worth should be higher, Qiu Tak Puat Coming from afar, he has a lot of connections behind his Nanyang background. Faced with the Zhang family's stock, which is decisive for the success of the acquisition, Qiu Deba will definitely obtain it at all costs.

But the result was that Bao Yugang obtained the stock, so he had nearly 35% of the voting rights when he entered the market, and ultimately won.

Bao Yugang smiled and said: "I also asked Zhang Yuliang this question, and his answer was that he just didn't want John Madden to arrange this merger as he wished."

"John Madden has already taken my money and is going to fly away. He doesn't care about Wheelock's subsequent fate. Zhang Yuliang is really a freak." Xu Zhi smiled helplessly: "Bao Sheng, since you have got With about 34% of Wheelock’s voting rights, are you ready to play with me in the stock market?”

"You and I are both Chinese, and the target we want to acquire this time is Wheelock. There is no need to fight to the death in the stock market and end up benefiting outsiders. It is better for us to face each other and discuss how to deal with Wheelock. ." Bao Yugang said with a smile.

Xu Zhi nodded and said, "Okay, if Bao Sheng has any ideas, just tell me."

From the beginning to the end, neither of them proposed to acquire the other's stocks at a high price. For ordinary people, money is the most important, but for the truly rich, career is the most important. The healthy development of the company is far faster than making a fortune. Money is much more important.

Bao Yugang said: "Wheelock has expanded rapidly in the hands of John Madden over the years. There are hundreds of messy companies, but the ones that have truly grown in scale are Wheelock Shipping, Conglomerates, and Companies. Carver, Real Estate Trust, Federal Realty, Sullivan Properties, we only need to allocate these companies.”

Like Qi Dezun, who was once with Huang, John Madden's favorite thing was to increase the size of his company. In the 1970s, he acquired various companies on a large scale, resulting in business chaos and operating losses.

If Xu Zhi can acquire the entire Wheelock, the first thing he will do is to clear out these companies, leaving only some core businesses.

Xu Zhidao: "Then how do we allocate these businesses under Wheelock?"

Bao Yugang smiled and said: "Xu Sheng, you acquired Land, and the Wheelock Building owned by Federal Real Estate is one of the core buildings in Central. I will not compete with you for this Federal Real Estate. As long as there is Wheelock Building , then Land’s pedestrian bridge plan could be realized.”

"Thank you, Mr. Bao." Xu Zhi couldn't give up the Wheelock Building, not only because it was a Central building, but more importantly because of its location.

As early as the 1970s, Jardine House had a relatively large-scale redevelopment plan for the Central District. One of the plans was to use a pedestrian bridge to connect the shopping malls inside a dozen buildings in Central. Once the plan was completed, all the shopping malls would be And for one, the stimulation of business will definitely be very effective.

However, even with the size of Land Land, it is impossible to own all the buildings in the core location of Central. Wheelock Building is stuck in an important position. Jardine Matheson once wanted to acquire this building or exchange the buildings, but Wheelock Knowing the importance of the Central District redevelopment plan to land, the entire pedestrian bridge project was shelved due to the lion's opening.

Nowadays, the situation in Hong Kong is stable, and business is about to enter a 13-year period of rapid growth. If the pedestrian bridge can connect more than a dozen buildings in Central, and the flow of people can be interconnected, the rent can increase by several percent.

This is a commercial feat that has never appeared in history before, and it must be achieved no matter what in this life.

"Then I wonder which branch Bao Sheng has chosen?" Xu Zhi asked with a smile. Bao Yugang took the initiative to hand over the federal real estate to himself, obviously to prepare for the follow-up.

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like