The Wealth Empire Crossing the Hong Kong

Chapter 168 New Year's Deployment (First Order)

Just after New Year's Day, the MacLehose government released a big news. In order to effectively alleviate the problem of insufficient undergraduate degrees in Hong Kong, the government will establish Hong Kong City University and Hong Kong University of Science and Technology in Shatian.

This is also the fourth and fifth university after Hong Kong University, Hong Kong Chinese University, and Hong Kong University of Science and Technology. Like Hong Kong University of Science and Technology, the two universities mainly focus on science and engineering.

You should know that Hong Kong Chinese University is located in Shatian, and this time Hong Kong City University and Hong Kong University of Science and Technology are also built here, which means that it will be built here as a Hong Kong university town.

In addition to the two universities, the Xiangjiang government has also introduced a transportation construction plan. In addition to the project from Tsuen Wan to Yuen Long, there is also a road from Brick Mountain to Xiao Lek Yuen through Tate’s Cairn to connect Shatian and the main city. Improve public transport in Sha Tin District.

With the announcement of the government plan, Shatian immediately became a hot spot for investment. You must know that Shatian can quickly enter the urban area through the Lion Rock Tunnel, and there is also the East Rail Line, which can also quickly reach the urban area by subway.

Now the government has built two new universities there, and also built a second tunnel from Shatian to the main city, which will undoubtedly make it easier for Shatian to enter the main city.

Relying on Cheung Kong, Shun Tak, Hang Lung, Jardine Land, and Swire, which have a lot of land reserves in Sha Tin, their share prices rose sharply that day.

The reaction of the Yan Jian Department was quite flat, and they had no intention of entering Sha Tin. No matter Wheelock Land, Hutchison Land or Yan Jian Land, their main focus was still in Tseung Kwan O, Tin Shui Wai, and even in Tai Po, Sheung Shui/Fanling and other places to reserve land .

But this time, Li Jianhui saw many people clearly. No matter how they were in the previous life, at least this life has changed a lot because of the butterfly effect he brought.

This time, it can be said that the MacLehose government is aboveboard to support several companies. These companies won a large amount of land in Sha Tin in late last month. As a result, so many good news broke out this month. It can be seen that the MacLehose government and even London The government's intentions.

On the afternoon of the 3rd, Li Jianhui specially held a high-level meeting of the Xinjian Department to make plans for the new year.

At this meeting, he once again stepped down from some of his duties. In addition to serving as the chairman and president of the Tesco Group, Wylie also served as the chairman and president of the board of directors of its parent company, Wheelock Group, and Wheelock Land Group. Su Hongtao also serves as Vice Chairman of the Board of Directors and Executive Vice President of Wheelock Group.

Li Jianhui, chairman of the board of directors and president of Huangpu Holdings Group, also resigned. Clay Johnson, chairman of the board of directors of Huangpu Shipping Group, served as chairman and president of the board of directors, and Al Merris, chairman of the board of directors of Hutchison Real Estate Group, served as vice president of the board of directors of Huangpu Holdings. Chairman Executive Vice President.

Now Li Jianhui is only the chairman of the board of directors and chief executive officer of Xinjian Group. In addition, he serves as the director and vice president of Xinhui Group, and Guanghua Jianye serves as an independent director.

At the meeting, Li Jianhui shocked the high-level attendees by announcing the first thing this year, that he would actually reduce his stake in Wheelock and Whampoa Holdings this year from the current 49.9% to 35%.

These two holding companies will also gradually reduce their holdings in their subsidiaries, especially Wheelock Land and Hutchison Land, which are expected to reduce their holdings from 67% to 35%.

Fortunately, this is in the meeting room of Wheelock Building, where there are also high-level executives from the Xinjian Department, and the news will not be spread, otherwise the stock prices of several major listed companies may drop immediately.

Wei Li was the first to be unable to sit still, and he said: "Li Sheng, such a huge reduction of holdings will not only have a great impact on the stock market, but also greatly weaken our control over the group. I am worried that what happened to Hutchison Whampoa will happen again in several major groups."

Clay Johnson also said that the huge shareholding reduction is not conducive to the development of the group and internal stability. He hopes that Li Jianhui can carefully consider and lower the expectation of the shareholding reduction plan.

Li Jianhui is just left-handed and right-handed, but he didn't say it clearly to these high-level executives, just to let everyone not worry. Although the stock prices of several major groups will fluctuate due to this, they will not fall too much.

As for control rights, Li Jianhui told everyone not to worry. With the continuous growth of the size of several major groups, and the Xiangjiang government's regulations on the acquisition of listed companies, under normal circumstances they will not be acquired by other forces.

At present, the Xinjian department is completely Li Jianhui's opinion. Seeing that Li Jianhui insists on his own opinion, they can only follow Li Jianhui's plan and prepare for special situations that may arise.

"Our plan for this year is that for the real estate company, Xiangjiang will maintain the development of the current project and continue to make good land reserves. These lands can be temporarily leased to vegetable planting companies.

Our key market is Baodao, and we are ready to enter the Japanese real estate market. If possible, we will try our best to establish joint ventures with local Japanese real estate companies. "

Li Jianhui, who is aware of the general trend, has no plans to continue to develop other than the existing projects of several major companies. If the Tianshui City project has to be developed every two years as planned, he would not want to do the second phase of the project next year.

These companies are not afraid to take land and have fun, and there are many projects. I hope these people can still laugh out loud in the next two years.

In addition, the task of Huangpu Shipping Group this year is not to expand. It will continue to reduce the number of ships in its hands and invest this part of the funds in terminals and shipyards.

The cold winter of shipping is not a joke. In the previous life, except for the charter king who landed in advance, the other ship kings in Xiangjiang suffered huge losses, especially OOCL. The family will also be impoverished.

Among the high-level executives attending the meeting today, only Jiayi Group is quite happy. The biggest plan of their group this year is to go on the satellite, become a satellite TV station, let Jiashi go out of Xiangjiang, and expand Jiashi's influence.

At this meeting, the finances of the major groups also reported on the financial situation of last year, and Huihong Group was still the leader, with pre-tax profits as high as 15.3 billion Hong Kong dollars.

As for the other big groups, it doesn’t matter if you don’t mention them, they are all investing. It would be good not to ask for funds from Xinjian Group, and there is no profit to be handed over to the parent company.

Originally, Jiayi Group had a profit of nearly [-] million last year, but it just built the headquarters building and studio in Tseung Kwan O. That profit was not enough at all, and it was waiting for Li Jianhui to continue to inject capital.

Not to mention Wheelock Land, the construction cost of the four major conferences of Wheelock Land has exceeded 70 billion Hong Kong dollars, which is simply an astronomical figure, and financing will be raised again in the near future to ensure the implementation of the construction plan.

The other major groups were not much better, but thanks to Zhou Pengfei's support, otherwise Li Jianhui would not be able to hold back the development of these companies.

There is no profit to distribute dividends to shareholders. The main problem is that companies expand too fast and invest too much.

The market value of several major listed companies is not low at all. At present, none of the four companies has a market value of less than [-] billion Hong Kong dollars, and Wheelock Holdings has broken through the [-] billion level.

Whampoa Holdings has also exceeded [-] billion. It is still a little short of the peak of Hutchison Whampoa, but it can be regarded as a return to glory.

(End of this chapter)