The Industrial Giant Reborn
Chapter 570 Splitting Hong Kong Electric
I know that it is one thing that Orient Overseas can come back to life in the future, but it still needs a series of documents. Otherwise, it would be outrageous to make such a large investment and loan without even such documents. Although Hisense Bank is a wholly-owned bank, However, any loan still requires risk assessment, and Huo Jianning and other teams also have their own rules.
"That's no problem. I will send the relevant information to your house." Dong Jiancheng said. In order to convince creditor banks over the years, he did not know how much information he had prepared. Now that the global economy is picking up, the entire market trend may gradually get better. It is still beneficial for them.
"Just send it to the headquarters of Hisense Bank. Then you can discuss this cooperation with Huo Jianning from Hisense." Chen Zhiwen nodded and said.
He promised to provide a loan of 4 billion Hong Kong dollars, and the interest rate was normal, but Huo Jianning and others still needed to discuss many of the details involved, such as payment cycles, repayment methods, etc., or how to operate half of the locked-in loans in the future, etc. wait.
"Okay, thank you Mr. Chen." Dong Jiancheng said. In Hong Kong, there are only a few people who can help OOCL. Chen Zhiwen is naturally one of them. Although the cooperation has not reached the ideal state of cooperation, such a request can I am also dreaming. Who would take too much risk for another company that is heavily in debt? Even they know that if it weren't for the strong support of the mainland government and the surrender of half of the loan rights this time, the other party would most likely not invest.
"You're welcome, this is just a normal business transaction." Chen Zhiwen said with a smile. He invested in the Dong family, not shipping. It cannot be said that the shipping market will not make money in the future, but the income is far less than that of other industries, including shipping. Even if he was offered a discount to invest in Yugan's global shipping business, he would not be interested.
The greatest value of the shipping industry is that every shipbuilding order can trigger competition at the national level, such as the mainland, the Gulf, South Korea, Japan, some European countries, etc. in the future. After the new century, once similar to Maersk, the Middle East The demand for orders from shipping giants like China will definitely attract global attention. Countries that have received enough orders will be hyped as "hot news". In fact, any shipbuilding order can easily drive up the number of industrial chains. Thousands of people are employed.
Of course, after 2020, when the mainland relies on its centralized advantages in the entire industry chain to reduce shipbuilding costs to a minimum, shipping companies will have no choice.
"In any case, Chen Sheng's investment will be of great help to OOIL and my Dong family." Dong Jiancheng said. A greater benefit than obtaining Chen Zhiwen's funds is that Chen Zhiwen invested in Orient Overseas, which is enough to make those debt-collecting banks seriously consider their debt strategies. Once the debt pressure is reduced, Orient Overseas can operate normally. .
"Then Mr. Dong will find a way as soon as possible to turn Orient Overseas from losses to profits. This is the greatest return to our shareholders." Chen Zhiwen said with a smile.
"Of course we will go all out." Dong Jiancheng nodded and said.
"Well, okay, it will depend on Hisense's progress later. As long as there are no major problems, the matter will be settled." Chen Zhiwen nodded and said.
Now that I have intervened and brought additional funds to the Dong family, maybe OOCL's difficulties will not be so great.
In fact, although the shipping crisis is still continuing, the global economy has further recovered and a large number of ships have been demolished. Therefore, it is not as serious as the previous two years. Global Shipping, owned by Bao Yugang, is still doing well. At the current shipping prices , even if it loses money, it won’t lose much. The biggest problem is the previous debt, which causes all the profits to be insufficient to repay the interest. Oriental Overseas is even called "working for the bank" by the outside world, and Bao Yugang logged in very early. Naturally, the debt problem has been solved long ago.
If it were not for the poor quality of the second-generation son-in-law of Pao Yugang who will be in charge of shipping in the future, it would definitely be more cost-effective to invest in Global Shipping, and it might also become the Maersk of Asia. Unfortunately, history has no ifs. The shipping empire that Bao Yugang worked hard to build throughout his life eventually declined.
"Okay." Dong Jiancheng said again: "Chen Sheng, if you buy shares here, I can trade at 20% off the average value of the previous two months."
"Okay." Chen Zhiwen said with a chuckle.
In this cooperation, it actually doesn't cost much to buy shares. The main investment is the loan. Therefore, he doesn't really care if there is any discount for buying shares. However, since the Dong family took the initiative, he naturally agreed to it. .
"That's good. We Chinese can work together to solve the problem perfectly." Huo Yingdong, who had been just drinking tea, saw that the two of them were almost done talking, so he smiled and said: "Dong Sheng, don't let Chen Sheng The investment was disappointing. In Hong Kong, there is no investment by Chen Sheng that does not have high returns."
"Huo Sheng is joking." Chen Zhiwen said with a slight smile.
"I heard that Chen Sheng has invested in many real estate companies now and then cooperates with them in bank loans. This trick is really good and can avoid a lot of conflicts." Huo Yingdong suddenly said again.
"This is just one of them. On the other hand, I actually have no experience in how to operate real estate. In this aspect, my subordinates are actually not as good as Li Jiacheng and others. Although I had high returns in the real estate market before, there are more We are just waiting for appreciation. This method may work in the future, but the benefits cannot be maximized. It is better to simply invest in them directly." Chen Zhiwen said with a smile.
If Hutchison Whampoa and Land were asked to build residential properties, they might not be able to do it well. Although they would certainly be able to make money in this era of skyrocketing housing prices, they would definitely not be able to compete with those elites who have fought their way up from the bottom, such as Li Jiacheng, Chen Zengxi, etc., and these two companies have their own directions, so there is no need to do everything by themselves.
"That's fine. With Chen Sheng's current asset size, no matter how much trouble he makes in Hong Kong, the upper limit is limited." Huo Yingdong nodded.
"I think so too," Chen Zhiwen said.
"The mainland is opening up to the outside world more and more. As far as I know, including shopping malls and office buildings, some cities may gradually relax restrictions. Mr. Chen can learn more about it." Huo Yingdong added He said, "I'm planning to go to the mainland next month. Would you like to go with me, Mr. Chen?"
"I've also heard a little bit. If I have the opportunity, I won't miss it, but not next month." Chen Zhiwen nodded and said, "After a while, maybe I will go to the mainland, and there may be some Big investment.”
In the original history, the first commercial land sale outside Shenhai City was in 1987. It was auctioned by the Shanghai Stock Exchange. In the end, a Japanese family gave up the bidding and succeeded, and then built a small office building. This was the beginning of the mainland real estate industry. Before this, except for special buildings or star-rated hotels that the country did not understand and needed to cater to overseas tourists, foreign investment was not allowed to touch other real estate.
However, this matter is only being promoted at present, and it is still early to launch. In fact, there are many other indirect investment opportunities before this.
"Haha, yes. Chen Sheng will be a father soon. This matter is indeed more important." Huo Yingdong paused and said, "Then I will congratulate Chen Sheng in advance."
"Congratulations," Dong Jiancheng said with a smile.
"Thank you." Chen Zhiwen said with a smile.
…
After Chen Zhiwen decided on OOCL's investment, it was basically just a matter of time. After taking over, Hisense's team immediately began a comprehensive review and communicated with all aspects of OOCL. The boss agrees, but the bank team must thoroughly investigate the other company no matter what. If a small problem is found, it can be used as a reason to obtain higher benefits. If a big problem is found, it will naturally need to be solved. The boss, Chen Zhiwen, was informed of the problem to determine the next step.
Even if you finally invest, even if you suffer a loss because of your boss, as a gold medal worker, you still need to know your risks and how much you will lose in advance, so as to be prepared for the end. Of course, this is just a normal operating procedure. For Chen Zhiwen, a Hong Kong legend, most people do not believe that he would do business at a loss. Even if he did, there must be other purposes.
Hisense Bank is conducting commercial exchanges with Orient Overseas on such a large scale, so naturally it cannot hide it from the market. After the news came, Orient Overseas's stock immediately experienced a surge for several days. However, because its base is relatively low, now After rising, it is still a penny stock, but because of this, the Hong Kong Stock Exchange, which was originally planning to sell Orient Overseas shares, has also suspended its actions, and some banks that have been collecting debts have also adopted a wait-and-see attitude. This has also made directors The pressure on my family immediately eased a lot, and I began to focus on discussing various cooperation details with Hisense Bank.
Regarding this situation, Chen Zhiwen had already predicted that with his current worth, investing in any company in Hong Kong would have a qualitatively changing effect.
The rest of the matter is just waiting for the two parties to negotiate. If there is no big problem, he will just sign.
But at this time, Hong Kong Electric Company also had a little trouble.
Chen Zhiwen also came to the headquarters of Hong Kong Electric Group in the south of Hong Kong Island. This is where Hong Kong Electric Group started a hundred years ago. Over the years, the headquarters has been here, changing it a few times at most, getting bigger and better.
"Sheng Chen, as of now, there are a total of 26 shareholders who have expressed interest in our domestic investment. These people hold a total of 18.1% of the shares. Although it is not enough to have a veto power, Hong Kong Electric is a public institution. , Their demands are also supported by many people in the court. If they continue, I am afraid it will cause legal disputes." Hong Kong Electric Group's Daban Proshui reported that it also submitted a document.
"It's really troublesome. I tried to find ways to make money for shareholders, but they were opposed by them." Chen Zhiwen looked at the list and shook his head. There were many shareholder representatives written in detail in the list.
At the beginning of this year, Chen Zhiwen reached a verbal agreement with Guangdong Province to invest in three power plants in Guangdong City. Hong Kong Electric Group is now 34.9% controlled by Chen Zhiwen personally, plus the Bao Yugang family holds 16% of the shares. The shareholders have almost no control over the matter, and the voting rights are also given to Chen Zhiwen. In other words, unless other shareholders join forces to achieve the voting ratio of one-vote veto power, the existing management has the final say.
Just when this matter was routinely announced, many small shareholders came out to object, believing that as a public institution in Hong Kong, HK Electric Group should not take risks to invest overseas. If it fails, it will inevitably affect HK Electric's business in Hong Kong. .
From this perspective, it is fair to say that Chen Zhiwen also knows that in the original history, Li Jiacheng also used the name of Hong Kong Electric to invest in Canada, but the result was also opposed, and then Li Jiacheng split up. Hong Kong Electric became Power Industrial and Jiahong Real Estate.
However, Chen Zhiwen did not expect that the project he invested in was a power generation business project, which is the hometown of Hong Kong Electric. In the end, a lot of people still disagreed.
"Actually, they just want to cause trouble and get some benefits from us." Pros said.
"Benefits? Do listed companies in Hong Kong usually operate like this?" Chen Zhiwen asked with a frown. Many times, some big issues are not of principle. When shareholders are upset, the management or major shareholders may be willing to calm things down and allocate some other things. If the benefits are given to these people, the troublesome children will have milk to drink. That may be it.
In fact, there are such people in later generations. Many residents near factories always report noise pollution or smell pollution from factories. Maybe some of them have real problems, but many of them just want to demolish them.
"Some, there are even specialized agencies that look for problems in listed companies and then encourage shareholders to cause trouble. Usually, the reasons are not sufficient. This time, it may be because we are a public institution." GLP explained.
"If it were not a public institution, I would have privatized it long ago." Chen Zhiwen smiled, and then said: "Since they like to seek stability so much, then satisfy them and prepare to split Hong Kong Electric. One is Hong Kong's power generation business, and the other One is the real estate in Hong Kong, plus the overseas power generation business. I will use a separate amount of funds to fully privatize the second company, and the power generation business in Hong Kong will continue to be listed. In addition, considering that the new company does not have a power generation business yet Talents can be seconded from Hong Kong Electric first, and the fees can be paid, and they will not be needed once the mainland side becomes proficient in business."
Originally, Chen Zhiwen didn't mind taking HK Electric's shareholders to make a fortune in the mainland, but so many people opposed it. Whether they were really afraid of investment failure or wanted to fish in troubled waters, this gave him an opportunity to bring HK Electric's power generation business to the mainland. To break it down, especially since Hong Kong Electric has been operating for hundreds of years, it also owns a large amount of property land on Hong Kong Island. In the past, two of Li Ka-shing's four major housing estates belonged to Hong Kong Electric. (End of chapter)
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