I Want To Be a Rich Man on Hong Kong Island

Chapter five hundred and eightieth [Jiahong Real Estate]

Time passed quickly, and soon came to 1976;

This year is the most critical year for the Chinese, and the ten-year catastrophe is coming to an end.

In January, the companies under the Wu family began to get busy, making statistics on the operating data for the whole year of last year;

The executives also know that the boss will hold a high-level meeting at this time every year;

It is not only a summary of last year's work, but also a work outlook for the new year!

In mid-January, Wu Guangyao's first stop came to HK Electric Group.

In the conference room, compared with when Wu Guangyao first joined HK Electric, there are four more Chinese faces;

They are independent director Xue Tianming (who works in the family office), Yang Sheng, CEO of Hongkong Electric Co., Ltd., Wu Lie of Fengze Electric, and Wu Zelin, a real estate expert who Wu Guangyao just transferred from Cheung Kong.

Martin saw that there was an extra Chinese face, and his heart skipped a beat. It seemed that his boss had to join the Chinese executives again;

However, at this time, Martin no longer has the heart to fight against Wu Guangyao, and he has already met Bole like a Chollima;

Although Martin is still the president, he has been promoted to the group president at this time;

This is naturally also due to Hongkong Electric Co., Ltd., which has also been upgraded to Hongkong Electric Group Corporation;

At this time, the Hongkong Electric Group Corporation had three subsidiaries, namely Hongkong Electric Co., Ltd., Hongkong Electric Co., Ltd., and Fengze Electric.

At the beginning of the meeting, the heads of the companies and departments reported the situation in the past year;

After listening to the senior management's report, Wu Guangyao gave some encouragement and hoped that everyone would make persistent efforts.

Wu Guangyao said: "The North Point Power Plant is expected to be phased out in the second half of this year."

Martin replied: "The fourth phase of the Ap Lei Chau Power Plant is expected to be put into use in another year; therefore, to ensure no accidents, it is best to completely phase out the North Point Power Plant after one and a half years!"

Since the establishment of the Hongkong Electric Company, the power plant has gone through three generations:

The first-generation power plant is located on Star Street in Wanchai, with an initial power generation capacity of 100 kilowatts; apart from Central, today's Sun Street, Moon Street, Star Street, Guangming Street and Electric Street are the first areas to have electricity supply.

Star Street Power Station was dismantled in 1922.

The second-generation power plant, located on Fortress Hill in North Point, had an initial power generation capacity of 3,000 kilowatts and was commissioned in 1919. The North Point Power Plant was damaged during World War II. After World War II, it was repaired and has been in operation until today.

The third-generation power plant is located in Ap Lei Chau at the southern tip of the island. At the beginning, as the power of the island continued to increase, under the suggestion of Wu Guangyao, HK Electric built a fully computerized power plant in Ap Lei Chau in 1966. Fuel-fired power generation; currently the first three phases of the project have been put into use, and the fourth phase of the project is drawing to a close.

As for the power plant on Lamma Island, it was approved by the Hong Kong government last year and has entered the construction phase of the leveling project;

Then the Lamma Island power plant should naturally belong to the fourth generation power plant.

Hearing that the North Point power plant still needs a year and a half to be dismantled, Wu Guangyao thought briefly;

As early as 1965, Wu Guangyao reminded Hong Kong Electric Co., Ltd. that the island’s power was increasing day by day, and a new power plant was needed to replace the North Point Power Plant; Decided to build and invest in Ap Lei Chau Power Plant in 1966.

At the beginning, Wu Guangyao had already considered that he would win Hong Kong Electric Company, so he asked Hong Kong Electric Company to build a new power plant in advance, which would be suitable for his own real estate project - the land of North Point Power Plant.

There are two reasons why Wu Guangyao allowed HK Electric to build the Ap Lei Chau power plant two years earlier than before:

First, although most of my factories are located in Kowloon and use electricity from CLP Power; but on this island, Wu Guangyao’s high-end office buildings are also big consumers of electricity, so we need to prepare in advance.

Second, the land for the North Point Power Plant should preferably be developed before 1978 and sold in 1979; although the house price was the most expensive in 1981, it needs to be divided into several phases to consider the market demand; it is impossible To sell all the residential buildings in a large housing estate within one year is extremely risky.

Wu Guangyao said: "Well, follow your progress!"

There is no word to speed up the company's pace, because a year and a half is also within the scope of Wu Guangyao's thinking;

Then Wu Guangyao said: "At the beginning, I told you that Hong Kong Electric Group is a company with very stable income, so we will definitely develop in the direction of diversification. Therefore, Hong Kong Electric Group immediately established a subsidiary company 'Jiahong Real Estate' "This one is Wu Zelin, the CEO of Jiahong Real Estate."

Everyone turned their gazes to the direction Wu Guangyao was pointing at, thinking in their hearts that it was another Chinese executive!

Indeed, Wu Guangyao kept his promise at the time of the acquisition, that is, the management of HK Electric will not change;

However, this boss is too cunning!

The management of Hongkong Electric couldn't move, so they frantically established subsidiaries, and then all used Chinese executives.

Of course, the Guilo executives of Hong Kong Electric Co., Ltd. have no objection;

Because the businesses of these established subsidiaries are all newly developed;

The important thing is that these subsidiaries are very promising and have injected vitality into the entire group!

Hong Kong Electric Association Project: In the past year, it has developed rapidly, and the number of employees has reached 820; it has undertaken a large number of power renovations and power assembly in residential areas, streets, businesses, etc.; I have to admire that this power project is so promising , was discovered by the boss.

Fengze Electric Appliance Company: Over the past year or so, we have made full use of the payment hall to sell the agent's electrical appliances; not only saved the store rental fee, but also used the flow of people in the payment hall to promote the sales of electrical appliances, killing two birds with one stone; Made a lot of profits.

As for this real estate company, everyone has no opinion;

People who live on Hong Kong Island don't know that real estate makes money, and it still makes a lot of money;

Now that there is a "real estate tycoon" who will lead the shareholders to make a lot of money together, just ask, who will express different opinions.

Martin was the first to applaud, and then a group of ghosts applauded.

Wu Zelin introduced himself: "Hello, everyone! I used to work for Cheung Kong, and I was just a middle-level manager. Now I am honored to be here at HK Electric Group, a century-old enterprise... I will do my best for the group company, for the Shareholders, bring the greatest profit."

A middle-level cadre of Cheung Kong Industrial is qualified enough to be the CEO of a real estate company. After all, they are all people who have experienced big scenes.

Martin said: "The Hong Kong Electric Group has always suffered from the lack of real estate professionals. Now that President Wu Zelin has joined, then this aspect will no longer be a problem! Boss, I suggest that you spend a sum of money to buy some land and build Jiahong Real Estate To become a real estate company, rather than just developing the North Point site and the future Ap Lei Chau site."

Sure enough, Hong Kong Island, everyone wants to develop real estate!

As the major shareholder and controller of Hong Kong Island, Wu Guangyao naturally has to consider shareholders.

Therefore, Jiahong Real Estate really wants to develop a real estate company and become its fifth real estate company, so the scale is naturally unnecessary.

Now that there is a high-tech industrial park in Tin Shui Wai and a large number of industrial buildings owned by the Wu family, Wu Guangyao is not worried about the disappearance of industries on Hong Kong Island;

Therefore, what should be developed in real estate still needs to be developed!

Otherwise, this money will be earned by others!

"President Martin is right. Our management team wants to earn greater benefits for shareholders. This is the foundation of a listed company!" Wu Guangyao said.

This is also the truth of making money together!

Why is Wu Guangyao's listed company stock sought after by stockholders;

It is because the shareholders have received substantial benefits!

The opposite representative is the stock of Wheelock, which is known as the "Blue Lantern".

What is a 'blue lantern'?

According to the traditional customs of China, whenever there is a festive event, there must be lanterns and festoons, and red lanterns are hung high;

And only when there is a funeral, blue lanterns are hung;

It turned out that Wheelock's stock was always the last to rise in the previous stock market rising waves;

When the rising wave of blue-chip stocks such as HSBC, Jardine Matheson, Swire, and Hutchison Huang came to an end, Wheelock started slowly;

And experienced stockholders, seeing the rise of Wheelock's stock, know that the day of stock market downturn is coming;

As a result, Wheelock's stock became a "blue lantern" - a signal that the stock market was "done."

Of course, the reason why Wheelock performed so poorly is also because of Wheelock's poor style;

Wheelock's parent company likes to take advantage of its subsidiaries (listed), which damages the interests of shareholders;

Therefore, stockholders are not very happy with Wheelock's listed companies;

Even better, Wheelock is the only listed company on Hong Kong Island that has successfully issued b-shares. The face value of b-shares is only one-tenth of that of a-shares, but they enjoy the same voting rights as a-shares;

And the one holding the most B shares is naturally the Madden family!

Therefore, the stocks of Wheelock and Fung are really "tasteless".

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