In Hong Kong, we build a global business empire

Chapter 136 Lin Haoning's straightforwardness
After arranging Su Zhixue to lead the team to operate the business, Lin Haoran went to Citibank and exchanged 4000 million US dollars into Hong Kong dollars, which is about 2.12 million Hong Kong dollars, and then transferred the funds to the HSBC account.

His Hong Kong Stock Exchange account is linked to a HSBC bank account, and all transactions are wired from there.

With this amount of funds, Su Zhixue's operations in a short period of time are enough to support Huanyu Investment Company's operations for a long time.

Looking at the time, it was already past three in the afternoon, so Lin Haoran simply went straight back to the Deep Water Bay Villa.

"Hey, Hao'er, why did you come home so early today? Usually I don't see you until six or seven in the evening." Lin Wan'an was surprised to see Lin Haoran coming back early. He was originally holding a kettle and watering the flowers and plants in the yard.

Although these daily chores are usually taken care of by servants, since retiring from the Wan'an Group, Lin Wan'an has fallen in love with the pleasure of doing things himself. It not only allows him to stretch his muscles but also allows him to enjoy a moment of peace and quiet, which is part of his self-cultivation.

"Dad, there's not much to do at the company today, so I came back early. Actually, I came back because I want to ask you for help with something." Lin Haoran walked over with a smile, took the shower head from his father's hand, and started to shower.

"Kid, why are you being so polite to me? Just say it directly if you have something to say. Don't beat around the bush." ​​Lin Wanan pretended to be angry, but his eyes were full of doting.

"Dad, I want to discuss something with you. I plan to buy the 10% shares of Wan'an Group held by my eldest brother." Lin Haoran went straight to the point and spoke bluntly.

"Oh? That part of shares does not affect your actual control over Wan'an. Why did you suddenly think of buying it?" Upon hearing this, Lin Wan'an's face showed curiosity.

To Lin Wanan, whether it is Lin Haoning or Lin Haoran, they are both his sons, and it doesn’t matter who holds shares in Wanan Group.

"Dad, my idea is to completely privatize Wan'an Group. As a listed company, it brings limited benefits, but it makes me feel constrained. It is better to privatize it directly, so that I can plan the development of the group more freely.

Of course, in addition to Big Brother's shares, I also hope to talk to several other shareholders at the shareholders' meeting through you to see if I can also acquire their shares. "Lin Haoran explained seriously.

In Wan'an Group, in addition to the Lin family as the major shareholder with absolute influence, there are several other shareholders who hold a considerable amount of shares.

However, because they lack actual voice in the group, they often choose not to directly participate in group affairs, including board meetings, and their participation is only formal.

It can be said that the Wan'an Group is actually completely controlled by the Lin family.

Given that Wan'an Group is currently in a sound financial position and does not need to rely on external financing, there is no need to maintain its listing status, let alone let others share the risk.

Moreover, Lin Haoran is full of confidence in the future development of the group.

Wan'an Group currently does not need to worry about the risk of external malicious control, but as a listed company, it has to disclose operating information on a regular basis, which to a certain extent increases the risk of leakage of the group's operating secrets.

In particular, as the value of the group's properties, land and other assets continues to rise, rather than letting small shareholders with smaller holdings share the added value, Lin Haoran prefers to maximize his own interests through privatization.

Therefore, for Lin Haoran, it is not only unhelpful for Wanan Group to continue to maintain its listed status, but it may also become a burden that hinders the development of the group.

Currently, the market value of Wan'an Group is relatively low, only about HK$1.7 million.

Moreover, Lin Haoran already holds 49.99% of the group's shares. If estimated based on the current stock market price, he only needs about HK$8500 million to achieve the complete privatization of Wan'an Group by acquiring the remaining shares.

The real value of Wan'an Group is far more than the total market value of 1.7 million. He also holds the prime land previously purchased for 1.3 million Hong Kong dollars and the commercial building in North Point that is about to be completed.

By the beginning of 1981, the value of these assets will have risen sharply: the total value of the dozen or so plots of land is expected to reach more than 3 million or even 4 million Hong Kong dollars; and the commercial building under construction in North Point has the same huge potential for appreciation, and it will not be difficult to increase its value to 2 million Hong Kong dollars.

Moreover, the Wanan Group Building itself is a treasure.

It is located in the prime location of Causeway Bay. Although it is slightly inferior to Central and the floors are not high, it also has extremely high commercial value.

By then, if the Wan'an Group Building is sold, its value is likely to exceed the HK$4 million mark.

By then, if all the saleable properties of the Wan'an Group were converted into cash, their total value would easily exceed HK$1981 billion by early .

In recent years, the crazy growth of Hong Kong's real estate market is not undeserved, and its prosperity is obvious to all.

Even if the HK$1.3 million loan and interest from HSBC is repaid by then, there will still be more than HK$ million left.

When the Hong Kong real estate industry collapsed in 1982, he bought the building back at a low price. By buying and selling, he made hundreds of millions of dollars.

This makes money much faster than spending time running a business.

"Privatize Wan'an Group? Okay, I fully support you. I will contact those shareholders right away. However, regarding your eldest brother, don't you plan to communicate with him in person?" Lin Wan'an asked with a smile.

For Lin Wanan, there is really nothing wrong with privatizing the group.

In the beginning, he chose to list Wan An Group, in addition to raising initial development funds, but more importantly, he hoped to share risks with shareholders and reduce the risks brought to himself by the group. Having experienced many real estate crises, he understands the importance of acting prudently and is unwilling to bear all the risks alone.

Today, Wan'an Group no longer needs external financing, and his son's management philosophy is very different from his own.

Therefore, Lin Wanan was open-minded about this and had no intention of interfering. Instead, he was willing to let his son manage and develop the group in his own way.

Therefore, he fully supported and understood the decision to privatize.

"Okay, Dad, you should contact my eldest brother. Also, if those shareholders want to take the opportunity to raise the price, you can tell them that I have applied for a loan of 1.3 million with the Wan'an Group Building as collateral. I believe they will weigh the pros and cons and make a wise choice." Lin Haoran shook his head slightly, his tone firm.

The loan matter has not been announced yet, and even the group's shareholders are still unaware of it, otherwise these shareholders would definitely have objections.

If the loan issue was decided by Lin Wanan, there would be nothing wrong, but now the one at the helm of the group is a young man named Lin Haoran. It is obvious that these shareholders do not trust Lin Haoran, but they have no choice.

Upon hearing this, Lin Wanan nodded silently, feeling secretly moved.

Ever since Lin Hao Ning got married and moved out of home, the relationship between the two brothers is indeed not as close as before.

However, he also understands that every child will have his or her own choices and paths in the process of growing up.

About an hour later, Lin's father ended his call with several shareholders and returned to the living room.

"Hao'er, good news. Those shareholders have expressed their willingness to sell their shares to you. However, two shareholders insisted on a condition that the price is 10% higher than the stock market price before they would let go. In addition, Ning'er said that he will come back in the evening. You can discuss this matter with him in detail then." Lin Wanan reported the contact situation to Lin Haoran.

"Dad, let's do as they say. I hope to complete the privatization of Wan'an Group as soon as possible and make the group's development more stable." Lin Haoran said without hesitation.

These shareholders don't actually hold many shares. According to Lin Haoran's understanding, the six shareholders' meeting members only hold about 6% of the shares. If two of them get an extra 16%, it will cost him hundreds of thousands of Hong Kong dollars more. There is no need to haggle for too long over such a small amount of money.

"Okay, I understand. Just go ahead and handle the affairs of Wan'an Group. Daddy is now playing more of a consultant role and will give you some advice, but will never interfere with your decision-making." Lin Wan'an smiled and expressed his trust and support for his son.

Seeing that Lin Haoran's achievements in the business world in just a few months had surpassed those of himself, an "old hand" who had been in the business world for decades, and that he had not only successfully taken over a British-owned enterprise but also successfully privatized it, Lin Wanan could not help but feel emotional and gradually lost his former enthusiasm for business affairs.

This contrast does make people feel that "the young are formidable" and even a little bit of a "blow", but when he thinks on the second thought that this outstanding young man is his own son, Lin Wanan's heart is filled with indescribable pride and relief.

At around six o'clock in the evening, Lin Hao Ning came back as expected.

However, he still came back alone.

As for Lin Haoran's sister-in-law and nephew, he only met them twice after he traveled through time.

One was on New Year’s Eve, and the other was on my father Lin Wanan’s birthday.

Before dinner, everyone tacitly agreed not to talk about selling shares, and it was Lin's mother who chatted about family matters.

After dinner, the three of them gathered in the study and the atmosphere was slightly formal.

"Haoran, if you are interested in the shares of Wan'an Group, I can transfer them to you at any time according to the stock market trading price." Lin Hao Ning's words broke the silence.

Lin Haoran was quite surprised by his frankness, and a hint of surprise flashed in his eyes.

Before Lin Haoran could speak, Lin Haoning continued, "Thank you for reminding me last time. I noticed the North American market. I found that the North American market is indeed as you said, much better than the Middle Eastern market.

The Middle East market is a hard-earned income, but the North American market has a lot of orders, and most importantly, the profit is much higher than that in the Middle East. I have already reached cooperation with several North American distributors. "

Lin Hao Ning's face was filled with gratitude, and there was a bit more sincerity and admiration in his eyes when he looked at Lin Haoran.

Although he failed in the competition for inheritance of Wan'an Group, he did not lose anything and still got a lot of property from his father.

And now he can devote himself to running his Wanfeng Fan Factory.

"I'm just giving you a casual reminder. It's your luck that you can listen to it. If you don't, you won't have this blessing." Lin Haoran replied with a smile.

In the study, the conversation between the two brothers seemed as if all the past competition and estrangement disappeared at this moment.

(End of this chapter)