We're building a super chaebol in Hong Kong
#309 - What does the shipping industry depression have to do with me?
"I am very optimistic about Wharf's assets. In my opinion, Wharf's assets are all very high-quality. So, since Mr. Bao can't get those Jardine Matheson shares, I am naturally very happy to take over. How about this, when Jardine Matheson comes to me, if the price is right, I will take over. If they are greedy, then I will have to pass.", Su Cheng thought for a while and said directly.
Next, if there are no accidents, the crude oil in his hands will be sold off one after another, and the available funds will only increase.
Once it is completely sold, the cash flow he controls will reach more than 10 billion.
With such a huge cash flow, it is naturally impossible to just leave it piled up in his own bank.
The best way is to invest!
He doesn't mind taking Wharf's shares.
Although he can't take control, Su Cheng himself never thought of personally managing a company.
Even if Su Cheng completely acquired Wharf, he would just find a professional manager to manage it.
It is best to have an entrepreneur like Bao Zhaolong personally manage Wharf now.
As for Su Cheng, he can just follow along and share the money. Why not!
Moreover, after he becomes the second largest shareholder, Bao Zhaolong will definitely consult with him when something happens, and he will also solicit his opinion on major decisions, instead of deciding privately.
Therefore, just holding shares without managing is actually a good method.
Not all companies must be privatized. Although Su Cheng is a bit greedy, he also knows that the world's money cannot be earned completely. He has to leave some for others to earn.
Otherwise, the end result will only be becoming a target, and many people will try their best to deal with him.
Most importantly, Bao Zhaolong is a high-quality partner.
"I am relieved to hear Mr. Su say that. In fact, I don't want the future second largest shareholder to be other financial groups with too much ambition. On the contrary, someone like Mr. Su who is unrestrained is the most ideal partner in my mind.", Bao Zhaolong said with a smile.
Bao Zhaolong naturally knew about Su Cheng's situation, and in fact, many people in Hong Kong knew about it.
Su Cheng, this suddenly rising business tycoon, is famously fond of being a hands-off manager, but the talents he recruits are all very capable.
Bao Zhaolong even investigated Su Cheng's actions in the stock market, the first oil crisis, etc. in previous years. He has never made a mistake in so many investments. Such an experience is shocking.
"Mr. Bao is not afraid that I will take control of Wharf in the future?" Su Cheng joked.
"If you have the strength, I don't mind you controlling Wharf. I will retire to the second line. Looking at the companies you control, the profits are much higher than what I have in my hands. So if you control Wharf, I don't mind just sitting and waiting for dividends!" Bao Zhaolong laughed!
Of course, both of them knew that they were joking.
Su Cheng respects Bao Zhaolong's character very much. He would naturally not really take down Wharf, which would be equivalent to breaking up with Bao Zhaolong, and they would no longer be able to cooperate in the future.
Of course, unless Bao Zhaolong himself is willing to give up Wharf.
But this script is impossible.
Moreover, there are too many development opportunities in the world, and there is no need to focus only on little Hong Kong.
In Hong Kong, he already owns a lot of assets and can be said to have entered the ranks of top businessmen.
Instead of fighting internally with大佬 like Bao Zhaolong in Hong Kong, it is better to focus on the international market.
"Mr. Bao, please rest assured that as long as Wharf is in your hands, I will not covet it!" Su Cheng solemnly promised.
What is the difference between being the second boss and the big boss? It's just a difference in the amount of money to be shared.
As for management rights?
Please, Su Cheng never intended to manage it himself.
Su Cheng doesn't have that strong desire for control. In his opinion, doing everything himself is too tiring.
Having lived two lives, although he wants to use his leading knowledge to make a lot of money in this life, it doesn't delay his pursuit of a leisurely, retired life.
Wasting time on work is not what Su Cheng wants!
"Mr. Su, speaking of which, I have something else to discuss with you.", Bao Zhaolong did not continue to dwell on the topic of Wharf.
"Oh? Mr. Bao, please speak freely.", Su Cheng's curiosity came again.
There are other things?
This time, Su Cheng couldn't figure it out.
"I heard that Mr. Su intends to buy some ships to establish a shipping company?" Bao Zhaolong asked.
"I do have this idea!" Su Cheng nodded.
Indeed, he had mentioned this matter before in Tuen Mun, and he had even mentioned it to Qi Fengmao, the vice president of Global Shipping.
In addition to this, Su Cheng also wants cargo ships.
Like now, Su's Group and Hutchison Whampoa Group's subsidiaries sell many products all over the world, and they definitely need transportation.
And ship transportation is the lowest cost method.
"If Mr. Su wants it, our Global Shipping Group can sell some ships to you, and at a price lower than the market price.", Bao Zhaolong said with a smile.
Bao Zhaolong is not afraid that Su Cheng's entry into the shipping industry will pose any threat to him. After all, the shipping industry is becoming more and more sluggish now, and it is impossible to make a lot of money relying on international business.
Originally, if Su Cheng had not appeared, Bao Zhaolong would have reduced the pressure on Global Shipping Group after 1980.
Because in another world, Bao Zhaolong did not completely take down Wharf until 1980.
It was after taking down Wharf that Bao Zhaolong began to sell ships to reduce Global Shipping Group's debt ratio.
And in this world, because of Su Cheng's appearance, Bao Zhaolong participated in the competition for Wharf too early.
Moreover, he controlled Wharf in a short period of time, so now Bao Zhaolong already has the idea of selling ships in advance.
"Of course, I am very happy. Then this matter is settled. After a while, I will register a shipping company, and then I will have someone discuss the purchase of ships with your company."
This matter had already been thought out, so Su Cheng agreed without saying a word.
A brand new giant ship is too expensive. Although Su Cheng has money, he is not willing to invest too much in this area.
In his opinion, this shipping company only needs to serve his own company. As for external business, it is of course okay to take it, but it doesn't matter if there isn't any.
Therefore, why not take these ships at the lowest cost!
Su Cheng's company is booming, what does the shipping industry's depression have to do with him?
After a while, when he starts selling oil, Su Cheng's funds will start to flow back, and then he will have money to buy ships.
Therefore, the matter of the shipping company is not urgent.
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