In Hong Kong, we build a global business empire
Chapter 500: $7 to take over the parent company of 711- convenience stores!
Today, the office building of the Swire Group is considered a landmark building near Ginza.
In addition, Akina Nakamori was only a few dozen meters away from the building, so he could find it by just pointing.
So, when she learned that Lin Haoran's company was in that building, Akina Nakamori was not worried at all that she would be deceived.
Moreover, he felt that given her family background, there was nothing to be deceived about.
This young girl, who was young and inexperienced, accepted Lin Haoran's invitation.
After saying goodbye to the other party, Lin Haoran did not stay any longer. He returned to the underground parking lot of the building and got in the car to go back to his residence.
In the blink of an eye, another night had passed.
Today is February 2th, which is Valentine's Day.
Counting the time, he has been in Hong Kong for a week.
However, neither Guan Jiahui nor Guo Xiaohan were in Japan, so this day was just an ordinary day for Lin Haoran.
Although it is Saturday, all employees of the Jardine Matheson Group are at work today.
Almost all businesses are under construction and their workload is too heavy. If they follow the two-day weekend system in a week, it will undoubtedly be very detrimental to the growth of the Hutchison Whampoa Group here.
When Lin Haoran arrived at the company, Huo Jianning and others had already entered a busy working state.
Seeing Lin Haoran walk into the office, Huo Jianning put down his work and greeted Lin Haoran.
"Boss, I have already told the headhunting company about your recruitment of a personal secretary. They will conduct a screening and recommend the candidates to our company for an interview. If a suitable candidate is found, I will notify you in time and you can interview him in person!" After saying hello, Huo Jianning continued.
Lin Haoran nodded and said, "This needs to be done as soon as possible!"
The biggest obstacle for him in Japan is the language barrier.
Although the English literacy rate is very high in Japan due to its rapid economic development, it is still difficult to communicate with people who do not speak English occasionally.
As for finding a Japanese who can speak Chinese, that is even more difficult.
"Okay, boss, I got it. Don't worry, this headhunting company is the largest in Japan and has the richest talent resources in Japan. It is not difficult to find a position like secretary. We should be able to screen candidates within two or three days!" Huo Jianning said with a smile.
Lin Haoran nodded, and after chatting with Huo Jianning for a few words in the office, he stopped disturbing his work and returned to his own office.
At ten o'clock in the morning, Lin Haoran finally received a call from Su Zhixue.
At this time, it was already evening in the United States.
After two days, there should apparently be news about the attempt to acquire Southern Company, the parent company of 711-Eleven convenience stores.
Sure enough, as soon as the call was connected, Su Zhixue couldn't wait to report: "Boss, after receiving your instructions, I immediately contacted Mr. Walter Reston, the chairman of Citibank, and entrusted him with the acquisition.
Mr. Walter was very happy to assist us and promised to do his best to make this happen. Regarding the commission, they originally planned to waive it in consideration of their many collaborations with you, but I agreed with them to pay 1% of the transaction price as a commission in accordance with your wishes, which will be paid after the transaction is completed.
Later, Citibank reported that the owner of Southern Company had no intention of selling at first, but after their persuasion, the other party was willing to sell it for US$80 million.
I personally think that this price is too high because Citibank's valuation of Southern Company is between 60 million and 70 million US dollars. Therefore, the negotiations between Citibank and Southern Company are still continuing.
Just recently, I received another call from Citibank, and they told me that Southern Company is now willing to sell it for 70 million US dollars. I immediately called you to hear your opinion and see if this price is acceptable. "
Seventy million dollars?
This price is much lower than Lin Haoran imagined.
Converted into Hong Kong dollars, it is only more than 300 million Hong Kong dollars.
Obviously, the potential of convenience stores is still unclear.
As a convenience store giant in this era, it is great news that they can acquire it at such a low price!
"Okay, I agree to this deal. You sign an acquisition agreement with Southern Company in the name of Huanyu Investment Company as soon as possible. Is the funding sufficient? If not, I will ask the finance department to transfer the money to the company's account." Lin Haoran said.
The person behind the Southern Company obviously should not be willing to sell it, but I don't know what means Citibank used to convince the other party.
However, Lin Haoran was too lazy to care about this matter. For him, it was enough to take over the Southern Company, and other things had nothing to do with him.
Today, 711-Eleven convenience stores have begun to take shape, with stores extending from the United States to Mexico, Canada, Japan, Taiwan and other places, with a total of more than stores.
Although today’s 711-Eleven convenience stores are still small compared to the more than 711 -Eleven convenience stores of later generations, they are already giants among convenience store brands of this era.
Most importantly, Lin Haoran attaches great importance to the powerful logistics system of 711 convenience stores.
The reason why 711-Eleven convenience stores have been able to expand rapidly in Japan is not only because the Japanese social environment is extremely suitable for convenience stores, but more importantly, it is due to the outstanding capabilities demonstrated by its logistics system in Japan.
Otherwise, it would be difficult for 711-Eleven convenience stores to capture the market so quickly with the strength of Ito-Yokado Company alone.
Its core competitive advantage lies in its efficient logistics system. Otherwise, with high costs, 711 convenience stores will find it difficult to maintain such a rapid expansion. Both the naming rights of 711 convenience stores and the logistics system of 711 are controlled by the Southern Company.
Therefore, once Lin Haoran acquires Southern Company, he will not only control a large number of 711-711 self-operated convenience stores, but also control 711-'s logistics system and even all of -'s patents.
"Okay, boss, the company's current financial situation is very sufficient, you can rest assured. Last year, many of the companies we invested in performed well, and the dividend income alone reached millions of dollars.
Combined with the cash reserves you personally left in Universal Investments and the funds obtained from the previous sale of Apple shares, our financial situation is still very healthy even though we have absorbed a lot of shares during this period.
Currently, the company has more than 100 million US dollars in funds on its financial books, so the acquisition of Southern Company is not a problem at all. If there is a funding gap in the future, I will report to you as soon as possible.
Regarding the Southern Company, I will speed up the acquisition process and try to sign the acquisition contract with them as soon as possible to fully control this company!" Su Zhixue responded quickly.
As a private company, Southern Company's acquisition process is more direct and efficient than that of a listed company.
As long as the other party agrees to sell, the subsequent steps will be relatively simple.
"Well, very good. I'll leave this matter to you. I look forward to your good news!" Lin Haoran nodded with satisfaction and then hung up the phone.
Lin Haoran already has plans for the future of 711-Eleven convenience stores.
He plans to move the headquarters to Japan first, so that 711- convenience stores can develop faster in Japan.
After 711-Eleven convenience stores have matured in Japan, he will move the company's headquarters to Hong Kong and make Hong Kong the headquarters of 711-Eleven convenience stores.
If the headquarters of 711-Eleven convenience stores were moved to Hong Kong at this time, it would definitely be inappropriate for the company's future development.
After all, there isn't even a single 711-Eleven convenience store in Hong Kong right now, and 711-Eleven has many competitors in Japan.
As for the United States, the development potential of convenience stores is obviously not as good as that in East Asia and Southeast Asia.
Otherwise, the number of 711- convenience stores would not have been caught up by Japan so quickly.
The acquisition of Southern Company went so smoothly that even Lin Haoran was surprised.
Sure enough, having Citibank, a capital giant, as an important connection is quite good.
Otherwise, even if he sent Huo Jianning to negotiate with them, he might not be able to win them over.
After all, Lin Haoran guessed that the person behind the Southern Company finally chose to sell it just for the sake of Citibank.
If they were to negotiate, it would not be so smooth unless he was willing to pay a price much higher than the market price.
At this moment, Ito-Yokado Company in Japan might not have imagined that the owner of the 711 brand had changed hands quietly.
And Ito-Yokado's acquisition of the 711 brand is also doomed to fail.
Not long after I hung up the phone, a front desk employee knocked on the door.
"Boss, a girl came to see you. She said you asked her to come."
This female front desk employee was recruited in Japan. She jumped over from another company. She is fluent in English and good at dealing with people.
However, her talents and insights might be considered outstanding among ordinary people, but in Lin Haoran's opinion, they were still a little lacking.
Therefore, Lin Haoran felt that she was not suitable to be his personal secretary, otherwise there would not be such a big hassle to hire another one.
As for the girl the receptionist mentioned, there was no doubt that it was Akina Nakamori.
"Well, bring her in." Lin Haoran nodded.
Soon, Akina Nakamori was brought in.
"You stay here too and help me translate for a while." The receptionist was about to go out when she was stopped by Lin Haoran.
She was stunned for a moment and stopped.
At this time, Akina Nakamori, who had just come in, was a little nervous.
She already knew that this company owned the building.
In Akina Nakamori's opinion, how big a boss must one be to own such a building?
She couldn't imagine it!
However, after all, she was a girl who had not experienced much of the world. Although she was a little nervous, her eyes kept wandering around the office from time to time, looking at Lin Haoran's office.
Especially when she saw the young man she met last night, she couldn't help but feel relieved.
Sure enough, this young man, who was obviously not Japanese, did not deceive her last night.
On the way here, she was afraid that all this was just a joke. (End of this chapter)
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