I Want To Be a Rich Man on Hong Kong Island

In late February 1961, just after the Lunar New Year, the people of Hong Kong Island put into work for the new year with the joy of the New Year.

In the Yangtze River Center commercial complex, in an office on the top floor of a commercial building, Wu Guangyao is taking notes and sorting out his career.

"Boom boom"

"Come in!"

The person who came in was the front desk of Global Shipping, followed by Taiban Keswick of Jardine Matheson.

"Sit down, Mr. Keswick!"

Wu Guangyao warmly entertained them. Even if the two were rivals in the shopping mall, Wu Guangyao had to maintain a minimum of gentlemanly demeanor;

Matters in the shopping mall must be resolved in the shopping mall. It is not just a verbal battle that can make the opponent fearful and painful.

"Mr. Keswick is looking for me to cooperate on what project?" Wu Guangyao said with a smile.

Apart from the cooperation in Hong Kong Island Airlines, the two have not cooperated in other places; Wu Guangyao guessed that if it is a matter of Hong Kong Island Airlines, it can be discussed in the office of Hong Kong Island Airlines.

"Is Mr. Wu interested in the Hong Kong Island Airlines shares held by Jardine Matheson?" Keswick ignored Wu Guangyao's self-indulgent sentimentality, but went straight to the point.

Wu Guangyao was overjoyed in his heart, but his face was very calm, and he even pretended to show a hint of incomprehension!

"Mr. Keswick, Hong Kong Island Airlines has already been on the right track, and last year's profit was as high as more than 2.3 million US dollars. I wonder why Jardine Matheson gave up this high-quality asset?"

When Keswick heard Wu Guangyao's words, he thought to himself, is this worthy of being called high-quality assets?

Since Wu Guangyao in 1953, Hong Kong Island Airlines has made a total profit of about 12 million US dollars in 8 years, which looks really good;

But the cost is even more expensive. The three Viscount airliners cost US$9 million, and the four Boeing 707s purchased successively cost US$20 million. In addition to the interest on loans, investment in subsidiaries, and company recruitment, the total cost was about US$34 million.

Calculated over the years as a whole, it turned out to be 22 million U.S. dollars;

Because Wu Guangyao and Jardine Matheson invested US$10 million at the beginning, Hong Kong Island Airlines still owes HSBC a loan of US$12 million.

The executives of Jardine Matheson agreed that,

The potential of Hong Kong Island Airlines has been exhausted, because there are only a few fixed routes;

Moreover, the routes to South Korea, Manila, and Taiwan Island basically do not make much money; there is only one route to Japan, which makes a lot of money every year.

Even if it is twenty or thirty years, the profit of Hong Kong Island Airlines is only that scale, and there are even risks!

In this case, why not sell the shares of Hong Kong Island Airlines to that Chinese kid while taking advantage of the high price now!

Isn't that kid very optimistic about Hong Kong Island Airlines?

Then buy it at a high price, and Jardine Matheson will just make a fortune!

After listening to the suggestions of the executives, Keswick suddenly felt that it was feasible, mainly because he did not want to be angry under Wu Guangyao;

Every time Hong Kong Island Airlines holds a shareholder meeting, it seems that he is also his subordinate, which makes people very uncomfortable!

Moreover, the management team of Hong Kong Island Airlines is now paying less and less attention to Jardine Matheson, and only Wu Guangyao in their eyes;

Instead of this, wouldn't it be better to sell it for a high price and invest in other industries!

"Hong Kong Island Airlines is indeed a high-quality asset, but we, Jardine Matheson, have other investment projects, so I want to ask Mr. Wu if he intends to take over?"

Keswick's face was a little relaxed, because he knew that the Chinese in front of him were very important to Hong Kong Island Airlines.

"what price?"

"40% stake, $16 million!"

Wu Guangyao gasped after hearing this, Jardine Matheson is really a lion!

The fixed value of Hong Kong Island Airlines is only 25 million U.S. dollars, and the comprehensive value should be 32 million to 35 million U.S. dollars.

40% of the shares, the most is 14 million US dollars!

"Impossible, this price is too much of a premium! The price of 13 million US dollars should be enough to buy 40% of the shares in your hands." Although Wu Guangyao wanted it very much, he didn't want to be slaughtered too hard.

"Mr. Wu, people don't talk dark words. You are very jealous of the shares held by Jardine Matheson! You just want to buy our shares at a price of 13 million US dollars. You are too late to buy Lane Crawford department store before. Your courage!" Although Keswick was mocking Wu Guangyao, his tone was relaxed, and he obviously didn't want to mess up the atmosphere.

"Actually, I really like working with Jardine Matheson! You see, under the leadership of our two companies, Hong Kong Island Airlines has reversed the previous loss-making situation in one fell swoop. This shows that we are really a match made in heaven." Wu Guangyao pretended to change his original intention , said deliberately.

Now that he knows that Jardine Matheson has no vision, he has the opportunity to get the remaining shares before the explosion of the aviation industry in 1980.

In the 1960s and 1970s, Hong Kong Island Airlines did not have much potential to tap; even if it did, Jardine Matheson would not understand!

Hearing what Wu Guangyao said, Keswick felt like eating a fly, secretly slandering, whoever wants to cooperate with you, don't be too sentimental!

Wu Guangyao and Jardine Matheson are definitely very competitive. Jardine Matheson has right-hand men - Hongkong Land and Wharf; and the properties under Wu Guangyao happen to have the most direct competition with these two companies.

Hongkong Land’s competitor is Cheung Kong Properties, and both companies are real estate companies. Especially when the land king in Central District was auctioned in 1959, the two companies even faced each other with swords;

The competitor of Wharf is Global Terminals. Global Terminal Services Company took the lead in opening the container era. The impact on Wharf Terminal will gradually increase, and eventually it will even be eliminated.

It is precisely because of this that Jardine Matheson absolutely hates Wu Guangyao the most!

"Mr. Wu, I know your attitude towards our shares; so, we can sell it to you for $15.5 million!"

Next, the two asked for advice and haggled over the price, but they still couldn't reach an agreement, but they both reserved the possibility of continuing the discussion!

 …

Wu Guangyao invited Sandas to his office and informed Sandas about the matter of Hong Kong Island Airlines.

"Mr. Wu wants to make an acquisition in the name of Global Shipping?" Sanders quickly responded and told him what he meant.

If Wu Guangyao really wanted to buy Hong Kong Island Airlines privately, he would never tell himself that more than ten million US dollars was nothing to him.

"That's right. Since the establishment of Universal Group, it has existed in name only. In fact, it is just a means of my holding company. Therefore, I want to transfer all the shares of HSBC and President He to Global Group. Universal Group has also become a parent company. , has three first-level subsidiaries, namely Global Shipping, Global Terminals, and Hong Kong Island Airlines. These three subsidiaries have a high degree of autonomy, and they also have their own subsidiaries to enter various fields of the industry..... ...." Wu Guangyao has already made up his mind, and is going to subdivide the Universal Group and form the Universal Group into a real giant overlord of sea, land and air.

After Sanders listened, he thought carefully!

In this way, the funds for the acquisition are mainly from the Global Shipping Company, and HSBC Bank needs to lend to Global Shipping;

Under the management of Wu Guangyao, Hong Kong Island Airlines has made a profit of more than 2.3 million US dollars last year, which can be regarded as a relatively high-quality asset.

It’s just that this high-quality asset needs a long period of cultivation, and there is no hope of making money in the short term;

But this is nothing to HSBC. HSBC has plenty of money and can invest the money of depositors.

(PS: The bank itself does not have much assets, and all rely on depositors’ money to invest and make profits. However, some banks will consider certain risks, and some banks will be more aggressive. For details, refer to the future Hong Kong Island bank run incident... ....)

Sundas readily agrees that regardless of the development prospects of Hong Kong Island Airlines, it is worth investing in the current profitability.

In this way, Wu Guangyao's acquisition of Hong Kong Island Airlines will not only cost a penny, but also earn about 20 million US dollars;

There is also a reason why Wu Guangyao did not allow Hong Kong Island Airlines to become his personal property;

After all, Hong Kong Island is still occupied by the British, and airlines need the support of the Hong Kong government;

Without the support of the Hong Kong government, no matter how good the business is, it may not be profitable;

For example, Hong Kong Dragon Airlines in the later generations, the Hong Kong government stipulated that there can only be one airline company in one place, which imposed many restrictions on Hong Kong Dragon Airlines, such as not selling tickets publicly, advertising, and setting up offices...... ..

Of course, Wu Guangyao's Hong Kong Island Airlines is different, because it has an aircraft license, and this license was issued by you, the British; in addition, the north-south routes have already been divided, and the Hong Kong government can't go back on it.

It cannot be ruled out that the Hong Kong government will stumbling Wu Guangyao in the future, which is why Wu Guangyao thought of buying Hong Kong Island Airlines with global shipping.

In this way, HSBC holds 22% of the shares of Hong Kong Island Airlines, and the Hong Kong government has no reason to make trouble!

And his own shares in Hong Kong Island Airlines will also reach 76%.

Three days later, HSBC led the negotiation with Jardine Matheson, and Jardine Matheson finally let go.

The two parties agreed: Global Shipping will pay a total of 36 million US dollars to acquire Hong Kong Island Airlines;

Jardine Matheson can get US$14.4 million, and Wu Guangyao can get US$21.6 million.

Witnessed by their lawyers, Wu Guangyao and Keswick each signed their names and stamped the company's official seal!

At the moment when the chapter was finished, Keswick suddenly felt a sense of loss, but he himself didn't know where this loss came from?

Keswick thought to himself, could it be that Hong Kong Island Airlines is really devalued?

No, Hong Kong Island Airlines is subject to too many restrictions, and it is impossible to have any major development. Jardine Matheson will never make a mistake in this step!

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