The Wealth Empire Crossing the Hong Kong

Chapter 196 Chen Zengxi's Response
On Monday, the Hong Kong Registry Office completed the registration of shareholder changes, and at the same time the Hong Kong Exchange also announced that Amoy University officially changed its controlling shareholder.

As soon as the announcement came out, the stock price of Amoy University rose in a straight line. As a food company, Amoy University may not have been very good before, but becoming a holding company of Xinjian Group will be completely different.

With the support of a huge retail group, Taoda will inevitably develop rapidly in the future, and it is not impossible to become a leading condiment company.

The first thing Li Jianhui did after the acquisition was to raise funds for Amoy, with an amount of [-] million Hong Kong dollars. Except for Xin Jianxi's own proportional contribution, all other additional shares were circulated to the market.

At the same time, a press conference was held. Taoda will build a new factory in Tianshuiwei to integrate the original products such as oil consumption, soy sauce, green treasure orange juice, Pepsi, etc., and the company will establish a condiment business department and a beverage business department.

And the company will also increase the food business department, mainly focusing on frozen foods such as dim sum, dumplings, glutinous rice balls, and wontons.

In addition, the company will divest its paper product factory, allowing the company to concentrate on operating the food and beverage industry.

As for the company's top management, Li Jianhui, apart from serving as the chairman of the company's board of directors and general manager, also changed to a manager of the financial department, and the rest did not change.

He is still not very clear about the abilities of these people, and the acquisition just now needs to be stable, and it is inconvenient to adjust.

To put it bluntly, Taoda used to be really good. Not only did it own a lot of business, but it also got the agency rights of many brands in the beverage industry.

It's a pity that there are still some gaps in the management. There are many brands but not strong, which distracts the energy of the top management. In addition, Yao Zhilin has not been in Xiangjiang for the past few years, which has caused the company's performance to deteriorate.

Li Jianhui intends to establish Taohua Datong as a group company. Now the major business departments are actually subsidiary companies, so that the senior management can focus more on their own management.

Li Jianhui spun off Amoy’s industrial chain, such as paper products, to become an independent company.

In the future, this company will not only be able to have the business of Taoda, Huihong Group and Jingyi Electric Appliance Company will also become its strategic partners, and the packaging box business will cooperate with Taoda Paper Products Company.

Li Jianhui was integrating Amoy University, and Chen Zengxi was quite unhappy when he received the news, and even had some regrets.

If he had known that Li Jianhui would intervene, he would not have lowered the price so much before, and it would not be the case now.

Amoy University is in the hands of Li Jianhui, covering an area of ​​nearly 10 hectares, which is nearly five times that of Hang Lung's land there.

The purpose of announcing the establishment of a new factory in Tin Shui Wai is quite obvious. Commercial real estate will be developed here, and it is likely to be residential. If Hang Lung develops there at the same time as its usual means, the price will be at least ten times lower than Hang Lung’s estimated price. percent.

What makes him most uncomfortable is that Hang Lung's land over there is divided into three pieces, which are not connected, making it very difficult to plan.

As for finding Li Jianhui to cooperate with Hang Lung in the development, Chen Zengxi never thought about it.

Li Jianhui's layout has always been in the two major areas of Tseung Kwan O and Tin Shui Wai, followed by Dapu, Sheung Shui, Fanling and other places. Except for the original reserves of Hutchison and Wheelock Land in Kowloon, Hong Kong Island, they have not been in these areas for more than a year. Take a piece of land in the region.

Now the sudden acquisition of Amoy University has a very obvious purpose, that is, it is for Hang Lung, and it is to prevent Hang Lung from easily developing that piece of land.

For a guy like Li Jianhui who doesn't want to make a lot of money and doesn't want others to make a lot of money, Chen Zengxi is quite helpless, especially this time Li Jianhui's shot shows that Xin Jianyi has already set his sights on Hang Lung.

Even though the Xinjian Department and the Nanyang Consortium are still fighting in many markets, Li Jianhui does not seem to be shrinking his strength in Xiangjiang because of this.

He didn't know where the Xinjian Department got the courage to do this, and those forces that invested in the Xinjian Department, wouldn't they be afraid that the Xinjian Department's rapid expansion would suddenly collapse, and leave a mess.

Thinking of him, Hang Lung has developed for countless years and accumulated decades of reputation. This time, Hang Lung Holdings only raised [-] million US dollars from Mitsui Property Management, so that Hang Lung Holdings can continue to expand, and the Xinjian Department seems to never worry about funds. .

Unlike Li Jianhui, Chen Zengxi has to hold a press conference for financing, which is well known to the world.

As his wholly-owned company, Hang Lung Holdings does not need to make any announcements for financing. This time, Mitsui Property raised 20 million US dollars and accounted for [-]% of the shares.

At present, the holding companies of Hang Lung Holdings Group include Hang Lung Properties and Hang Lung Bank (Hang Lung Group established itself. As mentioned above, the banking license obtained with Sun Hung Kai Securities is a few months longer than that of Xinjian Group. The former Hang Lung Bank Because the novel needs everyone to pretend it doesn’t exist.), ATV Group, Xiangjiang Ito Yokado, etc.

If you don’t count the Chen’s house, vehicles, antiques and other assets, based on the financing of Mitsui Property Management, the assets of the Chen family have reached more than 41 billion Hong Kong dollars. this price.

In addition, this does not rule out that the Chen family also controls the shares of some other companies through funds. After all, none of the families in Xiangjiang have all their assets on the surface.

If there is no Li Jianhui and Xin Jian, the current man of Hong Kong is definitely Chen Zengxi.

It's a pity that with the rise of Li Jianhui, the brilliance of the Xiangjiang business community has been shrouded by the Xinjian Department. No matter whether it was the charter king of the past or the fast-growing Hang Lung, they were all covered by the glory of the Xinjian Department.

In Xiangjiang, when the business world is mentioned, the first thing that comes to mind is the Xinjian Department. Xinjian, Huihong, Wheelock Land, and the top ten market capitalization groups in Xiangjiang, Xinjian Department occupies three.

The other seven are HSBC, Standard Chartered, CLP Power, Swire, Jardine Holdings, Lufeng International Investment Company (Charter King), Jardine Land.

Although Hang Lung Holdings is good, even if this financing is reported, it will not be able to enter the top ten of Xiangjiang.

Even if the relatively special Standard Chartered is eliminated, there are two major groups behind Whampoa Holdings and Wheelock Holdings. If Hang Lung wants to hit the top ten in Xiangjiang's market value, it needs to accelerate its expansion.

Chen Zengxi was very aware of his own strength. He didn't think he could fight against the Xinjian faction alone. Now that he was being targeted by Li Jianhui, what he wanted most was to find allies.

Hang Lung himself is at the forefront, and those behind him will naturally have to contribute, after all, it is not the Hang Lung family's business to contain the Xinjian Department.

As he made calls one by one, the responses he got were generally not bad, which also made Chen Zengxi feel relieved a lot.

At present, if the Xinjian Department mainly targets Hang Lung, it can only take action from ATV and retail. Hang Lung Properties has an absolute controlling stake, and Hang Lung Bank is not listed. Chen Zengxi is not worried at all.

As long as he has the support of these forces, he will not be afraid of Li Jianhui's means. It is useless for the Xinjian Department to have strong capital, and it will not be able to touch the basic market of Hang Lung Group.

As for the land on Amoy University, Chen Zengxi didn't plan to develop it for the time being. He wanted to see how long the Xinjian Department would take.

Now the Xinjian Department is enemies on all sides, he does not believe that those forces investing in the Xinjian Department will always be optimistic about the Xinjian Department.

Once these forces' confidence in the Xinjian Department is shaken, with such a large-scale investment in the Xinjian Department, and many projects are industries that are slow to recover costs, the Xinjian Department will not be far from collapse.

(End of this chapter)