Reborn Xiangjiang as a Tycoon

Chapter 221 Hutchison Whampoa’s Current Situation

Lin Baicheng did not stay at Asia Television for long.

After leaving Asia Television, Lin Baicheng immediately went to Hutchison Whampoa.

When they arrived at the office, Lin Baicheng asked Qin Lan to call Wei Li and Cheng Yufeng to the office.

"How has the company developed in the past few months since I left?"

Although Wei Li reports the company's affairs to Lin Baicheng in Los Angeles at least every half month, and Cheng Yufeng also reports from time to time, the most recent report was more than a week ago.

Wei Li said aloud: "According to Mr. Lin's request, the company has basically completed its downsizing. Now there are only more than 70 companies left. The business includes real estate, construction, import and export trade, wholesale and retail business.

, pharmaceuticals, hotels, container warehouses, transportation, shipyards, stone mining industry.”

"All the shares of the listed company Harbor Engineering held by the company have been sold. Some employees who are willing to return to Hutchison Whampoa have been sent to other positions. At the same time, the shares sold have brought a lot of liquidity to the company. Originally, every year

Investment in harbor projects can also be saved."

"The company currently focuses on developing real estate and wholesale and retail industries. The real estate industry is currently developing an office building, a community of houses, a hotel and fifteen sets of villas. Among them, the hotel is under construction

After that, it will be self-operated.”

"The wholesale and retail industry is dominated by the listed company Watsons. Let Vice President Cheng report to Mr. Lin."

Lin Baicheng did not look at Cheng Yufeng immediately, but said to Wei Li: "The office buildings and residential buildings developed by the company are only rented and not sold. The rents are collected and the rents follow the market price. This will cause great cost pressure at the beginning.

But the company's profits from other industries can be used to invest in the real estate and retail industries, with real estate being the main industry. Once the company's investment profits are recovered, the company will not be short of money."

"Also, don't sell those fifteen villas after they are built. I will buy them all by then."

The reason why Lin Baicheng bought so many villas was because he wanted to pick up girls in the villas, and also to avoid taxes. Although the taxes in Hong Kong are different from those in the United States, there are still some ways to avoid taxes. Last year, he asked a professional

I asked for advice from financial accounting.

Furthermore, Lin Baicheng owns half of the shares of Hutchison Whampoa, so the wealth does not go to outsiders. This means that he only has to spend half of the money to buy the villa. Even if the villa is left alone, he can wait for the appreciation in the future.

"Yes, Mr. Lin, I have written it down."

Wei Li nodded when he heard this. He knew that Lin Baicheng did not lack the money to buy fifteen villas.

"Tell me about the Watsons."

Lin Baicheng looked at Cheng Yufeng.

Cheng Yufeng heard this and said: "Watson's is one of the listed companies under the company's name, but the company originally only held less than 30% of Watson's shares. You asked Watson to vigorously develop the retail industry and build supermarkets like Wal-Mart, but Watson's

The company itself lacked funds, so the company chose to let Watsons issue additional shares to the company, increasing the company's shareholding in Watsons to 49.9%, and the funds raised were used to build supermarkets."

"There is already a supermarket in operation, with good revenue, but the profit is not high enough. Later, the company will deepen the transformation, increase profits, and then expand this model. After the expansion in Xiangjiang is completed, it will expand to other surrounding areas.

National expansion.”

"Well done. You really can't rush the expansion, so as not to cause chaos in the rush."

Lin Baicheng nodded approvingly and said: "The next thing you have to do is to find a way to buy back the remaining shares of Watsons at a low price, and then delist Watsons. After the company develops to a certain scale, you can then consider listing it. matter."

"Okay, Mr. Lin."

Cheng Yufeng responded and kept this matter in mind.

Lin Baicheng said aloud: "If there is nothing else, please bring me a copy of each company's information."

"Mr. Lin, there is one more thing I want to report to you."

Weili said: "After HSBC submitted 10% of its shares to the board of directors in May and obtained a director seat, it increased its holdings of 1% of its shares twice in succession. Three days ago, HSBC increased its holdings of 1% of its shares again. , now holds 13% of the company’s shares and is the company’s second largest shareholder after you.”

“Is the shareholding increased again?!”

Lin Baicheng couldn't help but frown slightly when he heard this. He had agreed with Shen Zhou that HSBC would hold 10% of Hutchison Whampoa's shares and he had no objection, but it was best not to exceed 10%. Obviously Shen Zhou had gone too far. Now HSBC holds Hutchison Whampoa's shares have reached 13%. This has been backed up to the board of directors. No one knows whether there are still shares that have not been backed up secretly.

"Have you ever contacted Shen Porridge? What did he say?"

Wei Li nodded and said: "The day before yesterday, I conveyed my doubts to Shen Daban through Director Yuan Tianfan and asked HSBC why it increased its holdings in Hutchison Whampoa. Shen Daban said that he was optimistic about the company's development, so he increased his stake in the company."

Cheng Yufeng spoke up and said: "Mr. Lin, you hold 49.9% of the company's shares. No matter what HSBC thinks, no one can threaten your control of Hutchison Whampoa."

"I know that."

Of course, Lin Baicheng knew that no one could threaten his control of Hutchison Whampoa, but why did HSBC continue to increase its holdings in Hutchison Whampoa? Why did Shen Zhou go back on his good words to him? But he wanted to know the reason.

"It seems that it is necessary to talk to Shen Porridge."

Lin Baicheng thought to himself and decided to ask Shen Porridge directly, there was no need to think about it.

"I know about this matter and I will handle it well. As long as HSBC does not interfere in the company's specific affairs and does not hinder the company's normal operations, then leave it alone for the time being."

Lin Baicheng told Wei Li that he was the company's major shareholder, and it was actually easy to target small shareholders, but this kind of thing couldn't be done often, and HSBC was not something he could do if he wanted to. HSBC was a giant in Hong Kong and could It is better not to offend or not to offend.

Wei Li and Cheng Yufeng left Lin Baicheng's office. Soon after, Wei Li's secretary delivered a bunch of information, which Qin Lan handed over to Lin Baicheng.

Lin Baicheng was in the office looking at the information sent to him to deepen his understanding of the various companies under Hutchison Whampoa. Although he didn't care about things, he must know Hutchison Whampoa inside and out. Only in this way would he not be deceived by the people below.

Although no one is deceiving Lin Baicheng now, if he does nothing and knows nothing about the company, it will be equivalent to giving opportunities to the people below. This possibility must be killed in advance and not given to anyone. This will be harmful to everyone. good.

(End of chapter)