In Hong Kong, we build a global business empire

Chapter 201 An unexpected surprise, more than million Hong Kong dollars in available funds
"Mr. Niu Bijian, take care. Come over for tea often when you have time." Lin Haoran continued when Niu Bijian was about to close the door.

This sound made Niu Bijian walk faster.

Staying here will only bring sorrow!
Although Jardine Matheson and Hong Kong Land Development now hold up to 40.7% of the shares, they do not have controlling rights, so it is useless to hold more.

He could cause Lin Haoran a lot of trouble at the board meeting, but it was meaningless and would only worsen the relationship between the two sides.

Niu Bijian also realized that although Lin Haoran seemed very polite, he actually had a lot of bad intentions in his heart.

Speaking of which, Niu Bijian has been defeated twice by Lin Haoran.

One time was when they were about to acquire the Hong Kong Electric Group. Just as they took action, Lin Haoran had already achieved controlling stake in the Hong Kong Electric Group, directly cutting off their thoughts of coveting the Hong Kong Electric Group.

The situation was still acceptable that time, because they did not hold many shares of Hong Kong Electric Group when they first entered the market, and the shares of Hong Kong Electric Group had been rising since then, so they made some money after selling their shares.

Although this small amount of money is insignificant to Jardine Matheson, it is at least not a loss and it doesn't take long.

Therefore, Niu Bijian only felt a little regretful about failing to successfully acquire Hong Kong Electric Group.

This time, Jardine Matheson not only invested a lot of time but also a huge amount of money in the plan to acquire China Gas Company.

It now seems that it is difficult to make back the investment. If you want to sell it in a short period of time, you will definitely suffer a considerable loss.

In Niu Bijian's view, Lin Haoran is simply his calamity. Every time Jardine Matheson has any important plan, it will always be sabotaged by Lin Haoran!

Niu Bijian left with a heart full of resentment. It was really bad luck to meet Lin Haoran!
Only after Niu Bijian's figure disappeared in the corridor did Lin Haoran leave the training room.

Outside, the people from Jardine Matheson and Hong Kong Land Group had also left, leaving only people from China Gas Company and Hong Kong Electric Group.

Lin Haoran went to the chairman's office and took a look. Chen Shoulin and Li Ming were handing over their work.

So he didn't bother him for the time being.

At this time, a middle-aged man came over.

This middle-aged man, named He Zhenxing, is the general manager of China Gas Company.

"Boss, how about I take you to visit our China Gas Company headquarters building?" He Zhenxing said respectfully.

It is impossible for an ordinary person to win the controlling stake of China Gas Company in the competition with Jardine Matheson, so He Zhenxing did not look down on the young boss just because of his young age.

Moreover, he also knew that the new boss had an even more impressive identity, that is, the boss of Hong Kong Electric Group!

Although they are both public utility companies in Hong Kong, the Hong Kong Electric Company is much more powerful than the China Gas Company.

Hong Kong Electric Group ranks among the top ten listed companies in Hong Kong.

The market value of China Gas Company ranks more than 30th among all listed companies in Hong Kong!
The market value gap is several times.

"Okay, thank you Mr. He!" Lin Haoran nodded with a smile.

He had some understanding of General Manager He from Li Mingze before.

According to Li Mingze, He Zhenxing studied in the UK more than 20 years ago. After graduation, he stayed in the UK and joined the famous public utility listed company London Gas. He worked in London Gas for more than ten years and was promoted to deputy general manager.

Originally, He Zhenxing continued to work at London Gas Company and would be able to become the general manager sooner or later.

However, later on, as his parents were old and unwilling to immigrate to the UK, the filial son had no choice but to resign from the London Gas Company and choose to return to Hong Kong from the UK.

After returning to Hong Kong, he joined the China Gas Company in Hong Kong and became the general manager of the China Gas Company. It has been nearly five years now.

At this moment, as the chairman of China Gas Company, he could already see Ho Ching-hsing's loyalty.

He Zhenxing: [Loyalty: 89/100]

Much higher than expected.

But it is easy to understand. Due to his career reasons, after Ho Zhenxing returned to Hong Kong from London, the best employer was actually China Gas Company, as he had rich experience in this industry.

The China Gas Company is a monopoly enterprise in Hong Kong. Apart from it, no other company supplies gas.

In addition, He Zhenxing has worked for China Gas Company for many years and has a certain degree of loyalty to the company.

Under the leadership of He Zhenxing, Lin Haoran inspected several departments of China Gas Company for the first time.

The Gas Department is responsible for the production, transportation and sales of gas. It is the core business of China Gas Company and covers gas transmission and distribution, gas appliance retail, etc.

The Finance Department is responsible for the company's financial management, capital operations and financial reporting.

The Human Resources Department is responsible for the company's human resources management work including talent recruitment, training, performance management, etc.

There are also departments such as legal department, marketing department, technical department, etc. These departments play their respective important roles in the company's operations.

It took nearly an hour for Lin Haoran to have a general understanding of the headquarters of China Gas Company.

What he didn't expect was that there was more than 70 million Hong Kong dollars in available liquid funds in the company's account.

Moreover, the company still earns HK$6 to 7 million in profit every month.

These funds are not counted as the company's daily reserve funds. Reserve funds are for the company's expenditures and naturally cannot be used for dividends. This time, the change in the controlling rights of China Gas Company happened too suddenly.

As soon as Jardine Matheson announced its purchase of shares at a high price, it controlled 40.7% of the shares on the same day.

Under such circumstances, shareholders such as Li Mingze did not have time to use the money as dividends.

So, this can be considered a bargain for Lin Haoran.

Although the purchase price he made from the stock market was relatively high due to the price increase by Jardine Matheson.

But if he used this money to distribute dividends, he would be able to reduce costs a lot.

After all, with the shares he currently controls, worth more than 70 million Hong Kong dollars, he and the Hong Kong Electric Group can get at least 30 million to 40 million Hong Kong dollars.

You know, all this money has already been paid as tax by China Gas Company.

In Hong Kong, if the company is registered in Hong Kong and has paid profits tax, investors generally do not need to pay dividend tax again when they receive dividends.

The reason why Li Mingze and others did not wait until the dividends were distributed before selling their shares was because they knew that if the company was really controlled by Jardine Matheson, the money would not be used for dividends. The most likely possibility was that it would be used by Jardine Matheson to invest in the name of China Gas Company. By that time, dividends would have become an expectation.

In addition, when Lin Haoran purchased shares from Li Mingze and others, he was also very straightforward and directly purchased them at the price that Jardine Matheson offered in the market, which was actually equivalent to offsetting this dividend.

This is also the reason why Li Mingze and others finally agreed to sell the stocks so readily.

Listed giants controlled by British financial consortiums, such as Jardine Matheson and Hong Kong Holdings, basically reinvest their profits repeatedly, even with loans. Otherwise, Hong Kong Holdings would not be heavily in debt.

In this case, where do they get the money to distribute dividends?
Two years later, the Hong Kong Land Group was even called the Debt King of Hong Kong. The reason was that the Hong Kong Land Group blindly expanded in the real estate industry and it was common for it to borrow money from banks for investment!
Looking at the latest financial bodyguard handed over by the Financial Director, Lin Haoran smiled with satisfaction.

More than 70 million Hong Kong dollars, this is not a small amount of money.

It can be seen from this that China Gas Company has not paid dividends for nearly a year.

This is also a very unexpected big surprise.

Perhaps, if Jardine Matheson wanted to sell its shares again, if they were sold at the price they had a few years ago, he could also consider buying their shares.

After all, the funds of China Gas Company are not small. If more than 70 million Hong Kong dollars are distributed to him, then the cost of his acquisition of China Gas Company this time will not be as high as imagined. It is very cost-effective!

There is no need to privatize China Gas Company, but it is not impossible to privatize it if the cost is more cost-effective.

What's more, if he is short of money in the future, he can also list China Gas Company again.

Therefore, Lin Haoran is not so conflicted about whether to privatize China Gas Company.

At present, as to whether to privatize China Gas Company, Lin Haoran believes that the decision actually lies with Jardine Matheson.

He would not mind privatizing the company if Jardine Matheson was willing to sell it to him at its normal price.

But if they still stick with the current price, let them hold on to the stock.

Anyway, Lin Haoran has no plans to use the more than 70 million Hong Kong dollars for dividends for the time being, because he is not short of money at the moment.

What if Jardine Matheson requests dividends? Sorry, Lin Haoran plans to invest this money in real estate and other fields.

There is absolutely no way he would easily give the money to Jardine Matheson.

After walking out of the finance department and entering an empty office, Lin Haoran said to He Zhenxing, "Boss He, secretly investigate the audit supervisor and the cashier in the finance department. I think there must be something wrong with them."

When entering the Finance Department office, Lin Haoran noticed that the loyalty of these two people was pitifully low, less than 30, which was very different from the loyalty of others. Obviously, there must be something wrong with them.

"Why does the boss say that?" He Zhenxing asked curiously.

"When I looked at them just now, I found that both of them had evasive eyes. From a psychological point of view, I think there are big problems with them. If you investigate them secretly, you may find out something surprising." Lin Haoran made up a story.

"The boss also understands psychology?" He Zhenxing was even more surprised.

"Well, when I was in college, I took psychology as an elective, so I have some knowledge of this. By the way, Mr. He should also have graduated from the University of London, right? We are alumni. I graduated from the University of London Business School." Lin Haoran said with a smile.

"It turns out that the boss is my schoolmate. What a fate. I majored in engineering technology. After graduation, I started working as a gas engineer and later gradually got involved in management work. Okay, I will investigate secretly. If there is any problem, I will report it to you in time." He Zhenxing responded.

The audit supervisor and the cashier are both very special and important positions. If the two collude with each other, it would be easy for them to do some corrupt things and it would be difficult to be discovered.

If Lin Haoran didn't have the golden finger that could check loyalty, he would naturally not be able to discover that there was a problem between the two of them.

After He Zhenxing took Lin Haoran to inspect the company's various departments, he returned to the chairman's office.

"Mr. Li, Mr. Chen, have you two completed the handover?" Lin Haoran asked with a smile.

"Boss, the handover is almost complete. Actually, there's not a lot to hand over. Mr. He actually knows everything that needs to be handed over." Chen Shoulin replied.

Lin Haoran nodded. Previously, Li Ming of China Gas Company actually played a more important role in presiding over the overall situation and making some important decisions of the company, while He Zhenxing, the general manager of the company, was the real manager and decision implementer.

"Mr. Chen, Mr. He, you two go organize a high-level meeting. With such a big change in the company, everyone must be in a panic. What we need now is to stabilize the company as soon as possible and return to its normal development trajectory. In addition, we also need to issue an announcement of company changes to the public. You guys discuss it first. Mr. Li and I have something to talk about." Lin Haoran said to them.

"Okay, boss!" The two agreed and left the office together, leaving Lin Haoran and Li Mingze in the office.

(End of this chapter)