Traversing the courtyard

Chapter 424 Done
The next morning's newspaper published that the Qiuyu Group and five foreign firms had negotiated an agency agreement for electronic watches, and by the way popularized the benefits of electronic watches to the public. One section of electronic watches can be used for a year before needing to be replaced, and the price is only A fraction of the price of a mechanical watch and much cheaper than a quartz watch.

Qiuyu Trading Company also promises that Aegean electronic watches will be replaced if there are quality problems within three years. Weidong, the previously discontinued Aegean brand, will be used again, and the Aegean brand will be used in Hong Kong, Macau and Taiwan.

Mi Xiaozhou put down his tea and said, "Boss, I have received a little over 100 million stocks in total. It looks like they are going to go up directly today."

The news came out, and the stock price of the foreign bank was stimulated by the good news. Not only will it return to the original price, but it will also have a wave of obvious rise. Mi Xiaozhou has absorbed very few shares in this short period of time, which is to earn some pocket money.

After a while, Ruan Tao and Yan Li came to report to Weidong. In the future, Yan Li will gradually take over the daily work of Qiuyu Group. However, Ruan Tao still has at least half a year to work, and now she is only preparing for pregnancy. Pregnant with Weidong's child.

Ruan Tao first said: "Boss, is the premium for you spending [-] million to buy Taikoo Dockyard too high?"

Taikoo Dockyard is an important asset of Swire Pacific, and the marketing department of the company has long had specific information. Ruan Tao only found out that Weidong replaced the entire equity of Taikoo Dockyard with agency fees and cash only after reading the newspaper in the morning.

Compared with another Huangpu Dockyard in Xiangjiang, Taikoo Dockyard has no advantage in ship manufacturing. The two are just about equal, but the land area of ​​Huangpu Dockyard is slightly smaller, not as large as Taikoo Dockyard.

Wei Dong said: "There is no way around this. As the core asset of Swire Pacific, the Swire Dockyard cannot be bought at a low price. It seems to be a bit of a loss now, but if we look at it a few years later, we This time the transaction is still relatively cost-effective.”

The two documents that Yan Li brought me said: "This is the information of Taigu Dockyard and Huangpu Dockyard. As a listed company, Huangpu Dockyard has a market value of about 2 million Hong Kong dollars. A few, this is the result of taking into account the fleet assets owned by Swire Dockyard.”

Weidong looked through the information of Huangpu Dock first. It is still an independent listed company, and fell into deep thought. The famous Hutchison is a famous company under Li Chaoren. Now Hutchison belongs to Qi Dezun’s family, and Huangpu Dock It has nothing to do with a dime, and I don't know when the Huangpu Dockyard was taken by Hutchison.

Could it be that Qi Dezun recently issued 7200 million preferred shares to buy shares in Huangpu Dockyard?Only a company of this size is worthy of Hutchison issuing so many preferred shares.

"Do you think that Hutchison's issuance of shares is to acquire some shares of Huangpu Dockyard?"

Ruan Tao was surprised and asked: "You mean that Hutchison is going to acquire Huangpu Dockyard?"

Seeing Wei Dong nodding, Ruan Tao went on to say, "This has nothing to do with us now, we are now talking about harvesting the Taikoo Dockyard."

Yan Li smiled and watched Wei Dong being refuted by Ruan Tao. It is true that Ruan Tao and Yan Li are not optimistic about this acquisition, and 2000 million in cash is too much, and said: "The financial side has counted, and our company only has 8000 million in cash, even after offsetting agency fees, we still have a shortfall of [-] million.”

Wei Dong said with a smile: "The lack of money is easy to deal with. I will deal with it later. Besides, with such a large transfer of funds, it is impossible to pay all the money at once."

With so much cash delivery, it can be fast if it takes two or three months, and it is okay if it is slow for more than half a year. Immediately, electronic watches will be shipped in large quantities, and you can receive a lot of cash, not to mention there are still Some cash took advantage of this opportunity to take out most of it for use, and through financial means, it was turned into loan payment and entered into the account.

Ruan Tao knew that Weidong had no shortage of funds, but he felt that the price of 3 million was not worth it. In terms of market value, it was only more than [-] million, so spending [-] million to buy it seemed like a loss.

After talking about the Taigu Dockyard, and then the company's trivial matters, the three of them will hold a small meeting every morning to discuss the work of the group, so that Weidong can control the internal affairs of the entire group, and it is also for Yan Li's management. check.

After Yan Li went out, Ruan Tao said, "I feel that you are too confident in Taikoo Dockyard. Do you have any other news?"

Wei Dong took out a map of the Eastern District and pointed to Taikoo Shing and said, "Look at this Taikoo land, 230 million square feet is not such an area in Hong Kong Island. We continue to reclaim land on the coastline to create land. Before, we asked the planners to After a simple calculation, we can expand the area to more than 10 million square feet after 300 years of development, enough to build more than 60 houses, more than 1.3 residential units, and a resident population of about [-].”

Then he said: "In addition to residential units, there is also a large area that can be built as a commercial center, providing shops for rent, developing catering, department stores, leisure and entertainment facilities, supporting primary and secondary schools, nurseries, etc., plus supporting property management and other services. No matter how a piece of land can make tens of billions of profits."

Ruan Tao was taken aback by tens of billions, which is too much, how could she earn so much?

"It's not Ah Wei, what is the price of your house?"

Last year, the average house price in Hong Kong was 56 Hong Kong dollars per square foot, which is already a relatively high price.

Wei Dong laughed and said, "If I say that in the beginning of the 80s, the housing price could rise to about 1200, and in the 90s, it could reach five or six thousand, and later it could even rise to tens of thousands of square feet, would you believe it?"

Ruan Tao was surprised: "How is it possible? Who are you selling it to at such a high price?"

Wei Dongdao: "At that time, the salary will be high, and the average salary of tens of thousands is also normal."

"I don't believe it. You don't even have 300 now. How can you raise your salary to tens of thousands?"

"It's fine if you don't believe it, anyway, I have no plans to develop it in a short time."

The purchase of Taikoo Dockyard drained all the cash from the Autumn Rain Group, and there was no money left for development in a short period of time.

In addition, there are shipyards, repair docks, and a large area of ​​warehouses on it now. It is still carrying out various businesses normally, and it will take time to transfer these businesses to another place to continue operations. It will take three to two years. time to move out.

Although Ruan Tao said that he didn't believe it, he made some calculations in his heart. Even if the house price rose to thousands of yuan in ten or twenty years, he could make a lot of money by developing it again.

This is a shipyard with a 999-year property right, and there is no time limit for development. It can be used for real estate development at any time.

Said: "Since you have bought it all, you can only negotiate and sign the agreement, but in the future, even if you invest a large amount of money, you need to talk more to lower the price."

Wei Dong said with a smile: "There will be no money for a short time, and we can invest again when we have money in winter."

Xiangjiang also has investment tax credits. The transaction this time is enough for the tax credits of the Qiuyu Group in the first half of the year. It will be necessary to use the money to invest in winter, otherwise it is not appropriate to file too many taxes.

Ruan Tao said: "Eldest young master, just rest, I'm going to negotiate with the foreign firm."

The foreign company also wanted to sign an agency agreement as soon as possible to settle the matter and get the electronic watch for sale one day earlier. In the afternoon, the foreign company and Qiuyu Group started negotiations. Although there was already a framework, the specific supply method, It still took two days for the delivery of the payment to be processed. When the agency agreement was signed, the agreement with Swire Pacific was also signed at the same time.

Ruan Tao handed over the six agreements to Wei Dong, and said: "Swire Dockyard can be accepted from tomorrow, but there is not much cash in the account of Taikoo Dockyard, and Swire Foreign Bank has withdrawn all the cash, and the corresponding debts have also been handed over to Swire Pacific will handle it."

Wei Dongdao: "That means we don't assume any debts."

Ruan Tao said: "Yes, if there are still debts, I will ask to deduct from the [-] million cash. Your premium is so high, and it will be too bad to take on debts."

Taikoo Dockyard is not a listed company, so Weidong does not know how much debt it has. At that time, there was no agreement on the debt. Ruan Tao said that if the debt is not divested, the debt will be used to offset the total price. , said that it is more cost-effective to own an office building in Central.

Swire Pacific weighed the pros and cons, and decided to divest the debts and then sell the Swire Dockyard. Swire Pacific, controlled by the Swire family, is now mainly engaged in aviation-related industries, mainly Cathay Pacific, and has many supporting companies at Kai Tak Airport, as well as Swire Soda , Taikoo Sugar Factory and other industries, and there are also many trading companies and ship joint ventures. The corresponding profitability of Taikoo Dockyard is not outstanding, but the investment in fixed assets is relatively large. Now that Weidong is buying at a premium, of course he is willing to sell.

Now the real estate five tigers of later generations have just started to make a fortune, and they are still in the stage of development. The five real estate companies were all listed in 72. The era of big money will wait until the late 70s and 80s.

We have to wait for Wharf, Hong Kong Land, Hutchison, HK Electric and other British consortiums to change hands before they gradually develop.

At that time, Swire Pacific has already recognized the situation. After the real estate market improves, the unlisted Swire Dockyard will not be sold. Swire Pacific has established its own real estate company and developed Taikoo City without letting other companies get involved.

Wei Dong was just testing it out. He didn’t expect Taikoo to sell it at a price of 8 million. Although the premium was a bit higher, Weidong knew that after three or two years, even if it reached [-] million, Taikoo would not sell Taikoo. dock's.

Wei Dong said: "It's still my sister Taozi who has the ability to divest the debts of the Taikoo Dockyard, and put the Taikoo Dockyard under the Xiayue Group and Dongxue Group after the procedures are completed."

"Okay, I'll take care of it."

They are all placed under the Autumn Rain Group, which is too huge. Wei Dong does not want to put all his assets in one company. Now many people think that Wei Dong has become the richest man in Xiangjiang Chinese. If there are too many assets, Wei Dong didn't want to be this early bird.

Here, I discussed with Ruan Tao the management of the Taikoo Dockyard. Ruan Tao suggested not to do anything to the management first, but to send someone to manage the finances and add a general manager.

Wei Dong said: "Who do you think should go to Taikoo Dockyard as the general manager?"

Taikoo Dockyard was a wholly-owned subsidiary of Swire Pacific before, and there was no board of directors, only the general manager and several deputy general managers. Right now, we still need to discuss how to slowly take over Taikoo Dockyard. We just need to send a general manager to get familiar with it for a while before looking at it. manage the situation.

Ruan Tao worried: "The company doesn't have any relevant experience, so it doesn't matter who they send."

Wei Dong said: "The original general manager is from the Shi Huaiya family, right?"

Ruan Tao said: "Yes, I have resigned, and now there are three deputy general managers in charge of daily work."

Wei Dong thought about it and said, "Then you and Yan Li go talk to them and see if they can be used by us. If we can talk, we can promote one to be the general manager, and we will send another person to be the vice president."

Ruan Tao said, "I'll go to Taikoo Dockyard in the afternoon to have a look." '

Here, Wei Dong and Ruan Tao discussed how to take over the management of Taikoo Dockyard, while John Bao, the vice chairman of HSBC Bank, also held a small meeting.

The participants included Niu Bijian, chairman of Jardine, Peng Lizhi, chairman of Swire, John Madden, chairman of Wheelock, Peter Wei, chairman of Ingenie, Kei Dezun, chairman of Hutchison International, Michael Kadoorie of CLP Power, etc. Sunset Countryman.

Although some of these people's names seem to be Chinese, in fact, these people are all out-and-out Caucasians, but they all took a Chinese name in Xiangjiang.

As the founder of HSBC, John Bao said: "Before, Qiuyu Group only sold ballpoint pens and lighters, and although it made a lot of money, it was still acceptable. But now it has invented electronic watches, a high-profit electronic product, and it is estimated that it can earn a year. The profit of more than one billion. Is this more than every foreign firm here?"

Electronic watches cost more than one billion yuan a year, plus the profits from ballpoint pens and lighters, and the annual agency fee of 20 million yuan, it will definitely exceed [-] billion yuan.

Niu Bijian, the chairman of Jardine Matheson, said: "We have not calculated more. It is still possible to exceed 30 billion a year. Don't believe the data given by the Qiuyu Group. How can it be possible to only earn 20 billion for monopoly products?"

At this time, Hong Kong's economy is in the hands of this group of people. Jardine and HSBC are the most powerful. Many people think that the Hong Kong Governor's Office must be ranked behind. As for the Jockey Club, these people are also directors, so it can be said that there is nothing difference.

Both HSBC and Jardine have spoken out, and each of them has made similar inferences, but the inferred amount is different. Generally speaking, none of them is less than 20 billion Hong Kong dollars.

Now Hutchison and Wheelock don’t even have a market value of one billion, so the market value of Jardine and HSBC can exceed 20 billion. Note that this is their market value, not profit.

Considering that the annual profit of the Autumn Rain Group exceeds 20 billion, the market value of the Autumn Rain Group may be more than 200 billion, or even more than 300 billion.

Michael Kadoorie said: "The Autumn Rain Group mainly obtains patents for inventions, and then produces patented products and sells them all over the world. Is there any conflict with us?"

Michael Kadoorie is in charge of CLP Power, and the power generation is mainly supplied to the New Territories and Kowloon areas. He does not have his own trading house, and cannot cooperate with the Autumn Rain Group to make profits, so he has no intersection with the Autumn Rain Group. He came here today mainly as a family The British-funded family advances and retreats together in many things.

Qi Dezun has dealt with Yi Weidong the most recently and said: "I have talked with Yisheng. Yisheng not only invented the electronic watch, but also has a calculator under research. He also spent 150 million US dollars to buy an integrated circuit production line. The wafers have been stored in the warehouse and have not been put on the market, and I have also learned from friends in the beautiful country that each wafer costs dozens of dollars."

Then describe the calculator, the maximum length is [-] cm, and the small one can be put in the pocket. How can such a unit price cost tens of dollars?
In addition, the wafers produced by the integrated circuit production line are also profitable projects. Everyone was shocked by the two news. How can the Qiuyu Group make so much money?

John Madden asked: "That is to say, the profit of the Early Rain Group in the next year can exceed 50 billion, or even reach tens of billions?"

Wei Peter's Yingzhijie is the weakest among the foreign firms, with a current market value of less than [-] million yuan, and later generations were acquired by Chinese capital early on. Generally speaking, they belong to the four major foreign firms.

Said: "This earns too much."

That's right, every family here has accumulated this family business after decades of development, and it was overtaken by a young man in two years, who can't be jealous!

(End of this chapter)