Rebirth: The Era of Hong Kong Tycoon

Chapter 310 [Husky Energy]

In December 1985, Saudi Arabia, fed up with the deceitful behavior of other member states, no longer limited its own production, and they also frantically "dumped" crude oil into the market, causing oil prices to plummet like a waterfall.

从1985年11月到1986年4月，原油期货价格从每桶31.82美元暴跌至区区9.75美元，累计跌幅多达69%。

Lin Rongheng's family office made a full profit of 80 billion Hong Kong dollars in this wave of market conditions, and immediately made Lin Rongheng's available cash to reach more than 100 billion Hong Kong dollars again.

Hutchison Whampoa, meeting room.

At a conference table, there are 12 core executives of Hutchison Whampoa, and 9 of them are foreigners, which shows the structure of Hutchison Whampoa's management; , Lin Rongheng has absolute control.

At the beginning of the meeting, Lin Rongheng said in English: "International oil has plummeted. I intend to let Hutchison Whampoa enter the oil field, so I want to hear your opinions?"

With the growth of Hutchison Whampoa, Lin Rongheng basically took a general strategy and listened carefully to the opinions of these people; therefore, sometimes a matter has to have several meetings before it can be finalized.

bargain!This is the first thought of all high-level executives, isn't his boss a bargain hunter!

Ma Shimin said: "Oil is the blood of modernization, and the whole world cannot do without it. And Saudi Arabia's behavior of killing one thousand enemies and self-defeating eight hundred is destined to last for a long time. However, it cannot be recovered in just two or three years, so If Hutchison Whampoa enters the oil field, be prepared for long-term investment”

There are also high-level doubts that Hutchison Whampoa's entry into the oil field is just to invest in some shares of overseas oil companies.

Those who are in favor of investment are still a little more, and those who do not agree are euphemistically saying that it is only after finding a good oil project.

Lin Rongheng waved his hands gently and said confidently, "I want to invest in Canada's oil industry. Everyone must know our partner Husky Energy! Do you agree?"

Husky Energy is a partner of HK Electric, and most of the oil required for HK Electric's power generation needs to be purchased from Husky Energy.

"agree!"

The seniors all agreed!
Lin Rongheng nodded and said, "So in terms of oil, if the price is reasonable, we might as well take over 51% of the shares of Husky Energy and lead the operation of Husky Energy. Ma Shimin, what's your opinion?"

Ma Shimin nodded in agreement.

Lin Rongheng asked Huo Jianning again and said, "Jianning?"

Huo Jianning also nodded!
Seeing everyone agree, Lin Rongheng spread his right hand holding the pen to the right.

"If you have no other opinion, there is no excuse."

After speaking, Lin Rongheng started to get up and leave, and continued: "In two weeks, I hope to receive the relevant plan!"

Hutchison Whampoa.

Lin Rongheng's office is very spacious, about 1200 square feet. Opposite the office is an unsealed sofa area.At this time, Lin Rongheng and Ma Shimin received York, President of the Canadian Imperial Bank, in the sofa area.

Since the Sino-British negotiation began, officials from many Canadian provinces have been stationed in Hong Kong, robbing Hong Kong immigrants, of course, the rich; and business leaders such as Lin Rongheng are the targets of their frequent visits to attract investment.

In particular, Lin Rongheng, an official from a Canadian province claimed that even if Lin Rongheng invested one Canadian dollar, it was a local honor.

Canada is vast and sparsely populated, and it is the most eager for immigrants from Hong Kong, surpassing Australia and the United States; and Australia and the United States are the second and third choices for Hong Kong immigrants.

Lin Rongheng has invested nearly 10 billion Hong Kong dollars in Canada, of course, through Brigitte Lin.

As for the company level, Lin Rongheng naturally valued two projects the most - Husky Energy and the Vancouver World Expo. The first project was invested by Hutchison Whampoa. If it is a sole proprietorship, it is easy to be said that Lin Rongheng is running the capital.

Lin Rongheng said directly: "President York, Hutchison Whampoa wants to increase its stake in Canadian Imperial Bank of Commerce?"

Although this bank is an important bank in Canada, its market value is only about HK$20 billion, which is not worth mentioning.

York immediately welcomed it. The so-called increase in holdings is to issue new shares to Hutchison Whampoa, and the Canadian Imperial Bank can get a sum of money, which is what the Canadian Imperial Bank hopes to see; moreover, Hutchison Whampoa will not participate in the bank management, it is purely long-term. invest.

Soon, the two parties reached a 5% stake in Hutchison Whampoa and increased their stake to 9%. They are already the absolute majority shareholders of this bank, and of course they are the majority shareholders without management rights.

Then, Lin Rongheng talked about the main topic: "Hutchison Whampoa wants to invest in Canada's oil industry, and I hope your bank can match it."

York immediately asked: "Which oil company is your company interested in? How much do you plan to hold?"

Lin Rongheng said: "Husky Energy, we plan to hold 52% of the shares, and then we will enter the board of directors and participate in the company's operations!"

York thought for a while and asked, "According to Canadian law. How does Mr. Lin plan to solve this?"

Lin Rongheng said: "Mr. Yorke forgot, I have a wife who is Canadian. I plan to let her hold 9% of the shares and Hutchison Whampoa to hold 43% of the shares. I think all the problems are solved!"

York agreed to Lin Rongheng's request and planned to match up the business.

In the end, Lin Rongheng simply mentioned the World Expo project together, York was ecstatic, this project is good!
The Vancouver World Expo is from May to October this year. Once it is over, the huge land will be vacant. Now that Hong Kong businessmen are developing it, there is no reason for the government to be unhappy.

Hutchison Whampoa.

Lin Rongheng began a large-scale layout. For example, when Ma Shimin was in charge of the overall work, he needed to be responsible for the investment in Petro-Canada-Husky Energy, and he also needed to investigate the matter of BP's shareholding.

Fok Jianning is in charge of the telecommunications work, and also has to inspect the markets of Australia, Europe, Canada, Southeast Asia and other countries, starting from the acquisition of the pager business, and establishing a local telecommunications branch.

Then, he arranged for Evergrande Infrastructure President Bruja to invest in overseas power grids, transportation and other businesses
There is also the port business, and high-level officials have also been sent to negotiate the equity acquisition of Felixstowe Port. Felixstowe Port is the largest container terminal in the UK, of which OOCL shares account for more than 30%; but Lin Rongheng intends to take at least 75% of the shares. %, and all acquisitions will be slowly followed; not only that, but also Southeast Asian ports such as Malay, which need to be put on the agenda.

All in all, Hutchison Whampoa is about to start going out of Hong Kong in a big way and moving towards a global company.

As for the company's funds, it is not a problem at all. Last year (1985), Hutchison Whampoa made a profit of more than 20 billion; The profit growth of the company is very fast every year, definitely surpassing the Hutchison Whampoa led by Li Chaoren in the previous life.

Hutchison Whampoa can also supply funds through extensive loans. After all, Hutchison Whampoa’s net asset value is there, and there is no need to worry about the risks. The Whampoa Garden project alone can earn more than 55 billion Hong Kong dollars, and it also earns 170 square feet. rental property.With this one project alone, Lin Rongheng couldn't help but say: "It is a wonderful investment"

(End of this chapter)