We're building a super chaebol in Hong Kong
#73 - Let's grow bigger and stronger together
"Mr. Walter, I'm very glad you accepted my invitation to stay and continue working for Hutchison Whampoa. Now that things have come to this, I won't hide it from you. In fact, the Hutchison Whampoa shares I control are not just the 55% you see. The Hutchison Whampoa shares I control have now reached 87.3%. That is to say, Hutchison Whampoa is now practically my personal property," Su Cheng revealed again.
Now that things have come to this, Su Cheng no longer needs to hide anything from Walter. These things will be announced to the public when he takes over Hutchison Whampoa, because he plans to privatize Hutchison Whampoa. These secrets naturally no longer need to be hidden.
"Mr. Su, you really have good methods! I guess even HSBC doesn't know!" Walter was stunned again.
Putting aside how much Hutchison Whampoa is actually worth, just based on the share price HSBC used in the transaction with Su Cheng, the entire Hutchison Whampoa is worth 3 billion Hong Kong dollars.
And Su Cheng now occupies 87.3% of it alone. One can imagine how wealthy Su Cheng is.
Before this, everyone didn't even know of Su Cheng's existence.
Even Su Cheng's father, Su Tianhe, was just a rising star in the business world before this, and couldn't compare with the established business tycoons.
But now, Su Cheng has silently taken down Hutchison Whampoa, one of the four major foreign firms in Hong Kong.
"Mr. Walter, do you know why I wanted to take over Hutchison Whampoa? Because I value its solid corporate foundation. I hope that in the future, Hutchison Whampoa will be a multinational super enterprise, like IBM, HP, and other companies, instead of just being a little famous in Hong Kong or even Southeast Asia. That's far from enough!" Su Cheng said with a smile.
"Mr. Su, excuse my bluntness, but where does your confidence come from?" Walter asked very directly.
"Indeed, then I hope Mr. Su doesn't break his promise," Walter nodded.
"Then, I hope we have a pleasant合作 愉快!" Su Cheng extended his right hand.
"Pleasant合作 愉快," Walter shook hands with Su Cheng.
Su Cheng had truly convinced Walter to stay and continue helping Su Cheng manage the entire Hutchison Whampoa.
"By the way, I'm going to announce this matter to all the media in Hong Kong Island. You should inform the people under you so they don't make any mistakes," Su Cheng reminded him.
"Don't worry, I'll take care of it. They're all my capable assistants and won't easily leave my team," Walter said with a smile.
"By the way, I heard that Hutchison Whampoa has a piece of land in Tuen Mun, which is 7 million square meters, is that right?" Su Cheng asked suddenly.
"Yes, it was bought during the time of Li Ka-shing. At that time, the land price there was not high, so we, Hutchison Whampoa, bought an entire coastal plot in Tuen Mun. Now, Tuen Mun has developed into a new town, and the population is gradually increasing. The value there is also getting higher and higher," Walter nodded.
"What is our land currently used for?" Su Cheng asked.
"Because our land is still 2 kilometers away from Tuen Mun New Town, we are currently only using a part of it as a warehouse. Most of the rest is vacant. However, because we are close to the sea, we can build a pier, and the future development potential is still very large," Walter thought for a while and said.
"Since it's vacant, then you can lease that land to one of my oil companies. The oil company will pay the rent that should be paid. I plan to build an oil base there," Su Cheng said with a smile.
Anyway, both sides are his own. It's just a matter of switching from the left hand to the right. What's wrong with paying rent? Su Cheng doesn't care about these things.
"Okay, then I'll call you boss from now on. Anyway, it's vacant, and renting it out will also bring in extra income," Walter nodded. Since Su Cheng promised not to interfere with Hutchison Whampoa's affairs at will, he should also give him face sometimes.
Tuen Mun is now a remote and inaccessible place for Hong Kong. Walter is now focusing on the development of urban industries. The land in Tuen Mun is just a piece of land for investment. If the price is right, they can sell it.
"Well, that's settled then. The rent will be calculated at the market price. I'll have someone talk to you about this later. That's all for today, Mr. Walter. Work hard. I hope we can make Hutchison Whampoa bigger and stronger and become a world-class enterprise. By then, you will no longer be just a slightly famous professional manager in Hong Kong. I'm looking forward to this day!" Su Cheng laughed.
"I hope so, I'm also looking forward to this day!" Walter said with a smile.
Now that they had reached an agreement, Walter was no longer bothered. Next, he would just manage Hutchison Whampoa as usual. When Hutchison Whampoa developed, his dividends would also increase. Who doesn't love money!
Walking out of Hutchison Whampoa headquarters, Su Cheng looked up. The 28-story building, standing on the shore of Victoria Harbour, was full of light as the sun shone on it.
This building will also be his, Su Cheng's, in the future!
Even all the companies inside are his, Su Cheng's!
Thinking of this, Su Cheng revealed a happy smile.
This is a good start. With Hutchison Whampoa taken down, the next development will be easier.
Everyone, Happy Labor Day, asking for monthly tickets, asking for recommendation tickets~
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