Hong Kong, Prince's Building, headquarters of Global Shipping Group:
Pao Yugang drove back here by himself. Before, his wealth and personal goals were in the ocean. Therefore, even if he became the richest Chinese in Asia, he never thought about buying property in Hong Kong. The only thing he did was to buy a few houses for his family. A villa residence, the headquarters of my company, has always been a leased building under the Land and Land Group.
Now, he was ready to abandon ship and land, and he took advantage of Jardine's financial difficulties to acquire the Prince's Building. Not only did he have his own property in Central, but he also no longer had to pay the rent connected to his company.
Although a large amount of his assets are still overseas, this is a good starting point for landing.
After returning to the office, a well-mannered young man walked in. After seeing Bao Yugang, he said, "Dad, how's it going?"
"It's okay, it went smoother than I expected. Chen Zhiwen doesn't care about us becoming shareholders of Wharf, and is willing to let us become one of the directors of Wharf." When Bao Yugang saw that the person coming was his second son-in-law Wu Guangzheng, he met Together he walked to the sofa next to him and sat down.
"That's great. This time we acquired two buildings and became shareholders of Wharf. We have finally taken the first step." Wu Guangzheng said happily. Ever since Pao Yugang decided to abandon ship and land, Wu Guangzheng has tried hard to seize every opportunity. This transaction with Jardine was led by him. The only question is whether he will offend Chen Zhiwen after becoming the major shareholder of Wharf. .
Although this is a normal transaction, it is always bad if it really causes misunderstanding between the two parties. Now that I have received an accurate reply, I feel relieved.
"I plan to send you to Wharf as a director. My request is not to participate in decision-making, just give some appropriate opinions. The main thing is to learn and see how such large real estate companies operate, especially those owned by Chen Zhiwen. There are also a lot of talents in this field." Bao Yugang said.
"Judging from Chen Zhiwen's current business landscape, Wharf may be just an ordinary industry under his control. If you can follow Chen Zhiwen for a period of time, you can really benefit a lot." Wu Guangzheng said with some pity.
Although Chen Zhiwen is still three years younger than him, his achievements are so high that there is almost no one in the world, not to mention Hong Kong. Global Shipping's business is spread all over the world, and he often travels around the world, especially European and American countries, for a long time Of course, we can know that Chen Zhiwen's Red Bull and Midea have strong market influence overseas. At the same time, he has also been to Costco in Los Angeles or New York.
"Chen Zhiwen's strongest strength is not his management ability, but his keen judgment on the market. Why does a person like him need to know how to manage a company?" Bao Yugang smiled and said, "Follow him and learn from Without any practical things, vision is something you are born with and cannot be learned. If I had this vision, I would have exchanged the Kangle Building with Jardine."
"That's true." Wu Guangzheng nodded and said. A few years ago, Jardine Matheson wanted to exchange a 200,000-ton oil tanker with Global Shipping Lines for the newly built Connaught Building, the first building in Hong Kong. At that time, the cruise ship was in the stage of huge profits, and Hong Kong housing prices were at a low ebb, so it was naturally rejected by Pao Yugang.
Now, the value of the Connaught Building exceeds HK$1 billion, and the cruise ships that were to be replaced back then were probably not even one-tenth of that. This incident became Bao Yugang's biggest regret.
Pao Yugang didn't think too much and said: "Chen Zhiwen also told me another thing. He wants to join forces with me to jointly plot Hong Kong Electric and China Electric Power."
"What?" Wu Guangzheng was shocked.
Subsequently, Bao Yugang informed Wu Guangzheng of the general content of the previous discussion with Chen Zhiwen.
After listening, Wu Guangzheng thought for a while and said: "It sounds okay, but I think that the reason why Chen Zhiwen chose Hong Kong Electric is because he wanted to see several large commercial sites owned by China Hongkong Electric. I even doubted him Investing in power generation is just a matter of convenience.”
"Whether it is incidental or the main reason, it has nothing to do with us. I think there is nothing wrong with this proposal. What do you think?" Bao Yugang asked.
He has no son. The future of the entire Bao family will be given to four daughters. Among all the sons-in-law, Wu Guangzheng has the strongest ability. Therefore, he has always been the target of his training. As long as he is given enough opportunities, he can naturally grow. to take over his own business empire.
"There is no problem. What Chen Zhiwen said in the end is right. No matter what, even as the major shareholder of the power plant, the investment will not be a loss. From the perspective of stability, electricity is indeed much more stable than real estate. It is to compete with Jiajia. The Li family will be in trouble, and Chen Zhiwen may have deliberately left this problem to us," Wu Guangzheng said.
"Whether it can be acquired depends on whether there is such an opportunity. Then prepare yourself. We will slowly start to absorb shares of China Electric Power Co., Ltd. in the stock market. This is a big plan. It will probably be difficult to accomplish it in less than a year or two. It just so happens that I have enough time to slowly dispose of some of the ships in my hands." Bao Yugang nodded and said.
"Okay, we can only do this ourselves, and we must not let anyone know, especially HSBC. Then we have to go to a Chinese-owned bank." Wu Guangzheng said.
"Yes, it's hard to say what Shen Bi's opinion is on this kind of thing. If he doesn't support it, then there will be another conflict. It's better not to let him know." Bao Yugang thought for a while and said: "In the past few years, Chen Zhiwen planned to When we started Wharf, we kept it secret from HSBC and acquired it separately through more than a dozen Chinese banks. The amount divided by each bank would not be large, so we can do the same."
"Okay, then I'll make the arrangements right away." After Wu Guangzheng agreed, he stood up and said goodbye and left.
"Chunghwa Electric Power." Bao Yugang walked to the floor-to-ceiling window door of Xiangyang and looked at all the buildings on the land opposite Victoria. All the electricity here came from Chunghwa Electric Power. If they could really acquire it, then the Bao family would really Abandoned ship landing was achieved.
Galaxy Group Headquarters.
Xu Jinhong came to Chen Zhiwen's office with a series of information and said: "Sheng Chen, this is what we have collected so far, all the information about Hong Kong Electric. The total power generation of Hong Kong Electric Company last year was 6.3 billion kilowatt hours, slightly It is higher than CLP Power, accounting for 52.1% of the total in Hong Kong. The net profit from the power generation market is HK$95 million. However, in recent years, it has been investing heavily in the construction of Lamma Island Power Station, and the overall company has been in losses.
It’s just that the market is more optimistic about Hong Kong Electric, because once the Lamma Island Power Station is built, several power plants currently located on Hong Kong Island will leave huge commercial land after relocation. Judging from the current land prices, the price of these land is It exceeds HK$1 billion, so the stock price has not been greatly affected by losses and has been in a stable position for a long time. "
"Okay, let's make the acquisition appropriately, step by step, this matter requires long-term planning." Chen Zhiwen briefly flipped through the information and nodded.
Although the more important things in the future are next year's "gold futures" opportunities and Midea's layout of yacht game consoles and handheld consoles, these two important things will not affect other businesses, especially in Hong Kong. After the Wharf acquisition, As the boss behind it, Chen Zhiwen naturally does not need to personally manage how to develop real estate, but as a strategic director, he needs to provide the team in Hong Kong with goals to choose from.
In the field of real estate, investment should be made in development, but the fastest way is always to acquire a company that owns a large amount of British-owned properties, especially this group of companies that hold a large amount of high-quality land and do not understand development.
Among the top ten listed companies in Hong Kong, HK Electric is famous because of the relationship between later Li Jiacheng. It is the only company that does not have a major shareholder and is completely controlled by management, just like Hutchison before it.
The only difference is that Hutchison encountered a serious debt crisis, which allowed Chen Zhiwen to succeed. But now HK Electric has a good business and a lot of high-quality land under its ownership. Its market value is very high, exceeding HK$2.5 billion. Once the acquisition purpose Exposure, with the current speculative funds in the Hong Kong market, it may make acquisitions very difficult.
Therefore, no matter what he does in the future, he needs to operate slowly now, just like Wharf in the past, exchanging time for benefits. Anyway, he is not in a hurry to win Hong Kong Electric in a short time. And when the income from gold futures returns to Hong Kong, it will be easy to acquire Hong Kong Electric.
"Bao Yugang's son-in-law Wu Guangzheng has already contacted me. They will also slowly acquire shares of China Electric Power," Xu Jinhong said.
"Okay, it's still early days, so everyone can do their own thing." Chen Zhiwen nodded and said.
Given the choice between the two, Chen Zhiwen chose to control Hong Kong Electric and then enjoy part of the income from Central Electric through equity holdings. This was a more suitable plan that he came up with.
There are many reasons why Pao Yugang was invited to deal with China Power. The first is that it is very difficult to acquire both Hong Kong Electric and China Power. The minimum one is that they need to be the same as when he acquired Wharf. , invest a large amount of funds slowly, ranging from as little as one year to two or three years. During this period, the funds will be trapped inside.
How can ordinary real estate companies operate like this? There are many opportunities to do other businesses or real estate projects outside, but only in Bao Yugang's case, when abandoning the boat, a large amount of idle funds will be generated, and there will also be a process that can be used to slow down the process. There is nothing better than buying stocks slowly.
The second is that as one of the most successful businessmen in the Chinese world, if Pao Yugang cannot find a landing target for a long time, will he also choose to acquire Hong Kong Electric?
This is entirely possible. There is no major shareholder, the power market is stable, and it holds a large amount of land. If there is no Wharf to choose from, Hong Kong Electric may be the most suitable choice.
Planning Hong Kong Electric on his own is just a secret for now. Once Pao Yugang really takes the initiative, he will be embarrassed. Although he will not lose money, the acquisition of Hong Kong Electric is not just for Hong Kong's electricity market.
Investing in the power generation field is a suitable direction after the capital is abundant. Especially after the domestic reform, the country has been short of electricity for a long time, and foreign investment is very welcome to enter the power generation market.
Although the profitability of building power plants in the Mainland is not as profitable as real estate, I am afraid that it will have to wait until after the 21st century for Mainland real estate to be profitable. This will take at least 20 years, unless there are some prime locations in Beijing, Shanghai, Guangzhou and Shenzhen or other business strategies. Demand, otherwise, would you have lost your mind and invested in mainland real estate on a large scale in the 1980s and 1990s? Moreover, in the past 20 years, if there are no special needs, the mainland government will not grant land randomly, and large-scale investment may not be feasible.
Comparatively speaking, the infrastructure construction in the 1980s was the most cost-effective. Transportation between a large number of core cities, bridges on major arteries such as the Yangtze River and Pearl River, various power plants, ports, etc., these investments do not seem to have huge returns. But in fact, investors themselves do not need to invest a lot of funds, as most of them are bank loans.
Infrastructure maniac Wu Yingxiang built large-scale infrastructure in the 1980s and 1990s, and the profits were very considerable. The reason why he lost his position as Hong Kong's top rich man was mainly because he invested too hard and missed the Hong Kong real estate market in the 1980s and 1990s.
After all, compared with Hong Kong's real estate market, the return on infrastructure is still not good enough. However, for Chen Zhiwen, after the explosion of technology companies in the 1980s, his amount of funds will increase exponentially. With such a large amount of funds, not only Maybe they are still trying their best to hype the Hong Kong real estate market, so investing in infrastructure in the mainland is a good choice.
It can not only help the country develop, but also help a large number of mainlanders find employment, and it can also make them earn enough income. Not to mention other things, as long as they invest in the first batch of high-quality ports that occupy the highways between Beijing, Shanghai and Guangzhou, this will be long-term and stable. cash flow.
The same is true in the field of power generation. The benefits of building power plants in big cities are no worse than highways. Moreover, if you are a little greedy, when the life of the power plants expires in 20 or 30 years, urban expansion will almost reach the vicinity of the power plants. The land left behind will be In the future, it will also be a sky-high wealth.
Therefore, winning a power generation company in Hong Kong is a bridge to enter the country in the future. It is not a deliberate competition, but Chen Zhiwen is preparing to become an even crazier infrastructure maniac than Hu Yingxiang.
And when Pao Yugang was asked to pick on the Kadoorie family, he didn't mean to trick him. Although the Kadoorie family was strong, it might not be stronger than Pao Yugang. With his help, they could definitely win over China Electric Power. In this way , the shipping king’s abundant capital has given him a choice of direction, and he may follow him in the future to invest in large-scale power stations in the mainland.
The two Chinese heroes jointly took over the two major power giants in Hong Kong, and then built power stations all over the country together. This may become a classic story in the business history books in the future.
"I am already arranging funds and preparing to start acquiring Hong Kong Electric shares." Xu Jinhong said.
Chen Zhiwen asked: "Are there enough funds to acquire the shares of Land and Hong Kong Electric at the same time?"
"The funds are sufficient. Although we acquire two companies at the same time, we do so without being discovered. The demand for funds is not high. It will be no problem to add a few more companies." Xu Jinhong said with a smile.
"Okay, then keep it like this. In the next few months, some projects of Galaxy Real Estate should be available for pre-sale. Except for a small amount of funds left to maintain the company's operations, I will take the other funds overseas to make an investment. Not only you Bian, it’s the same with Hutchison.” Chen Zhiwen continued.
From the beginning of next year to the beginning of the next year, the price of gold will rise three times. As long as you seize this opportunity and go long in futures, you will definitely make a fortune. After success, there will be no shortage of investments in all aspects. With the funds in hand, Chen Zhiwen can also take advantage of this opportunity to start to have the capital and ability to jump out of the Hong Kong market and prepare to compete with international giants.
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(End of chapter)
