I Want To Be a Rich Man on Hong Kong Island

Hutchison Building, Group Meeting Room.

Wu Guangyao took the main seat, and the three giants of the Hutchison Group, Wei Li, Xia Boyin, and Wei Peter sat on both sides of Wu Guangyao, and the rest of the executives succumbed.

At present, the listed companies of Hutchison Group include: Hutchison Whampoa, Hutchison Bao, and Hutchison Real Estate

In other words, the original seven listed companies were cut off by four listed companies, namely:

1. Watsons: Because the benefits are very good, but the market value is underestimated, it is considered to be privatized and delisted, and it will be listed again at an opportunity;

2. Metropolis Real Estate: Chen Detai, the boss of Dachang Real Estate, and Qi Dezun, the former Taipan of Hutchison Matheson. The two have a close relationship. At that time, Dachang Real Estate had real estate development experience, funds, and sales channels, and Hutchison Matheson had a large amount of land reserves, so the two parties cooperated Metropolis Real Estate was established;

Capital Real Estate plans to develop three lands, namely: the land of the three docks in Hung Hom, Tai Kok Tsui, and Aberdeen. It is conceivable that this real estate company has just been established (the fastest listing record), and the three lands have not yet been developed. Hutchison then encountered a major crisis;

With Wu Guangyao's support, Wei Li unilaterally terminated the contract after taking office; such a good land is naturally not something a second-rate real estate company can get its hands on.

Losing some money is a small matter, and the profits behind it are the big ones; therefore, Hutchison \u0026 Co. redeemed the land rights in Tai Kok Tsui (the development contract for Hung Hom and Aberdeen Dockyard has not yet been signed), and directly handed over the shell company—Metropolis Real Estate to Dachang Properties.

3. Junyi Warehouse: Because of its huge land reserves, Hutchison Whampoa is expected to be privatized and will be merged into Hutchison Whampoa later.

4. Harbor project: A long-term loss-making enterprise was sold to Hong Kong Island First Construction at a discount.

Although there were only three listed companies in the Hutchison Group at this time, no one dared to underestimate Hutchison;

Hutchison is a well-deserved "little bully" on Hong Kong Island in four aspects: real estate, trade, port, and retail:

Real estate: Hutchison Whampoa owns a large number of land reserves and properties, such as Whampoa Dockyard (2.1 million square feet), Junyi Warehouse (1.1 million square feet), Tai Kok Tsui Dockyard, Aberdeen Dockyard, and the land behind Kwai Chung Container Terminal (some of which can be developed commercial buildings)....... nearly 5 million square feet of land reserves, second only to the land reserves of Cheung Kong Industrial, higher than the land reserves of Swire Matheson and Jardine Matheson; Hutchison Real Estate passed through Wu Guangyao's real estate company Human resource scheduling has been able to complete large-scale housing estate projects.

Port: 100% interest in Kwai Chung Container Terminal No. 7, 30% interest in Kwai Chung No. 6 Container Terminal; Kwai Chung has a total of 90 hectares of terminal facilities (including the land of No. 8 and No. 9 terminals that have not been tendered),

Hutchison Whampoa occupies 15%.

Trade: Hebao Company is a trading company in Hong Kong Island second only to Dachang Trading (He Shanheng family). Sales, supply of building materials, etc.

Retail: After a series of measures, Watsons' retail business began to rise, accounting for about 16% of Hong Kong Island's retail sales; in addition, Watsons is also a manufacturing organization and consumer organization; manufacturing industry: owns - distilled water, juice series, soft drinks series, skin care series, health care series, etc., a large number of self-owned products have laid a considerable profit for Watsons.

In addition to the four major industries, Hutchison Group also owns 50% of the shares of United Dockyard (the other half is owned by Swire), which is a comprehensive shipyard integrating shipbuilding, repair and maintenance, and is also the largest dockyard on Hong Kong Island.

Hutchison Group also has close to 100 associates and affiliated companies, all of which have been selected and retained. There is no problem with their own business, and they can continue to bring considerable benefits to the group.

At the group meeting, Wei Li said happily: "The profit in 1975 reached a new high, and the comprehensive profit was 150 million Hong Kong dollars. We can consider paying dividends to shareholders!"

Wu Guangyao was also very happy. As the first Chinese to enter a British-owned foreign firm, Wu Guangyao has always been very worried!

It's not that I'm worried about the little money, but I'm worried that the citizens of Hong Kong Island will think that they can only manage Chinese-funded companies and ordinary British-funded companies well, but they can't manage British-funded large foreign companies well.

After all, Hutchison is one of the four major foreign firms in Hong Kong Island, even one of the best;

If you can't do well in this, it must be a big criticism in your life.

Therefore, after taking over Hutchison Bank in April 1974, Wu Guangyao began to put in a lot of effort;

Logically speaking, with only 8 months left in the first year of taking over, and the global economic downturn, it would be difficult for Wu Guangyao to turn Hutchison Bank from loss to profit;

However, Hutchison made a profit of more than 30 million Hong Kong dollars by speculating in gold, and used other companies under Wu Guangyao to acquire the company that Hutchison wanted to deal with. Therefore, it turned losses into profits in the first year and made a profit of 43 million Hong Kong dollars.

In his previous life, Wei Li took over Hutchison Bank in November 1975. In 1976, Hutchison Bank turned losses into profits and made a profit of 105 million;

But don't forget that in 1976, housing prices on Hong Kong Island had appreciated, and real estate profits could relieve a lot of financial pressure.

And in this life, in 1975, the real estate situation on Hong Kong Island was definitely not as good as in the previous life in 1976;

However, Wu Guangyao was able to lead Hutchison Bank and made a profit of 150 million Hong Kong dollars. It has to be said that it is a great success.

Wu Guangyao adopted Wei Li's suggestion: "Yes, paying dividends to shareholders can increase the stock price of Hutchison Whampoa, which will help us issue new shares later!"

Hutchison's top executives were smiling, issuing new shares means that the company can raise a lot of funds, at least hundreds of millions of Hong Kong dollars;

Whether this fund is invested in existing industries or acquired companies, it can make Hutchison Group grow, and its shares will also increase.

Wei Li asked tentatively: "The boss wants to buy the company?"

Wu Guangyao did not hide anything, the conference room was filled with core executives of the Hutchison Group, so there was no need to keep it secret;

Moreover, now Wu Guangyao doesn't like the secret acquisition business anymore!

"Our goal is the Hong Kong Telephone Company to strengthen our strength in the field of telecommunications, and telecommunications is the fifth largest industry of our Hutchison Group."

After some words, the high-level executives were very excited to hear them, and they all echoed their words!

At this time, Wu Guangyao had unknowingly dominated Hutchison;

That is to say, even if the three giants of Hutchison all resign, Wu Guangyao will soon be able to lead Hutchison \u0026 Co., and there will be no confusion;

He quietly won the trust of all the management. This is the charm of Wu Guangyao.

Wei Li asked: "How much does the boss plan to hold?"

Wu Guangyao said with a smile: "35% is enough, advance can be attacked, retreat can be defended!"

For a hundred years, the telecommunications industry in Hong Kong has been monopolized by two British-funded companies, namely, the telegraph business of the British Great East Telegraph Office in Hong Kong, and the Hong Kong Telephone Company, a local British-funded company.

The Hong Kong telegraph business (British Dadong Holdings), was born in 1871. It was originally a wired telegraph, and then developed into a wireless telegraph, and then to modern text fax, data communication, international telephone, radar navigation, etc.;

Hong Kong Telephone Company (a local public listed company), was born in 1882. Its main business is local calls in Hong Kong, and international calls are still manually transferred (third party).

If Wu Guangyao did not participate in this competition, Hong Kong Telephone Company would have been acquired by Jardine Matheson in 1981 with a 35% stake and become a subsidiary company; later, Jardine sold the shares in 1983 due to heavy losses during the Sino-British negotiations. It was given to the Great East Telegraph Office of the United Kingdom; so far, the Great East Telegraph Office of the United Kingdom has monopolized the telecommunications industry in Hong Kong.

With the conclusion of the Sino-British negotiations, Great East Telegraph knew that if Hong Kong Telecom was not a local company, it would definitely be at a disadvantage for crossing 1997; therefore, it registered the merged Hong Kong Telecom in Hong Kong and implemented a series of localizations. Give up 20% of the shares to CITIC, allocate 10 million shares to Guangdong Post and Telecommunications, appoint Li Guobao as the chairman, and have 16,000 local employees, accounting for 98%.....

Later, it was the classic takeover case between Li Chaoren's son and Yuan Tianfan...

In this life, Wu Guangyao's plan is to take control of the Hong Kong Telephone Company first;

In the 1980s, the Hong Kong telegraph business was acquired from the British Great East Telegraph;

So far, the Wu family has monopolized telecommunications in Hong Kong.

In the future, Hutchison Telecom will invest heavily in telecommunications business in Hong Kong and overseas, mobile phone network, 2G, 3G......

In short, this is another enterprise with a market capitalization of hundreds of billions of Hong Kong dollars.

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