Through the wealth life

Chapter 435 Wheelock's Predicament
Since Guo Qingya took over from Wheelock, there has been no peace of mind in the past few months.Wheelock's important assets are mainly in real estate and shipping companies, and these two industries are industries that Li Guangyu is not very optimistic about recently.

After Guo Qingya took office, she began to clean up the assets of these two companies. Unfortunately, in the past three months, they have not achieved very good results.

Between 79 and 80, its subsidiary Wheelock Shipping Company not only acquired a large number of fleets sold by YK Pao, but also ordered ships from Japan, Denmark and the mainland. If all these fleets come back, these ships will be The market value of the team will exceed 17 billion Hong Kong dollars, and there will be nearly [-] million Hong Kong dollars that have not been paid for the ships ordered in various places. This is also a considerable pressure on Wheelock.

The business of the real estate company under it is also not easy to handle. Guo Qingya knows that the real estate market in Xiangjiang is already in turmoil, and she hasn't been able to sell many assets under the real estate company in the past few months.

Guo Qingya came to Li Guangyu's office on the morning of December 12, and reported to Li Guangyu again on the recent situation of Wheelock, and hoped that Li Guangyu could think of a way for Wheelock.

After listening to Guo Qingya's report on Wheelock, Li Guangyu thought about how to maintain Wheelock's continued development. Shipping is indeed very difficult. Now that the shipping industry has begun to slump, Wheelock's ships are not very large. It's easy to find someone to take over.

As for Wheelock Properties, Li Guangyu is not too worried, as long as he doesn't take land anymore.As for the repairs that are under construction, they can be repaired as they like. Anyway, they will only suffer temporary losses in the past two years, and they will earn back multiple times in the future.

Li Guangyu said: "Qingya, as long as the assets of the real estate company are managed by your property company, it is good to implement the policy of our Starlight Real Estate Company within a year or two. You are very familiar with it."

As Guo Qingya, who has been in charge of the Starlight Real Estate Group for more than two years, she naturally understands the real estate business very well. She knows that apart from developing the Treasure Island market, Starlight Real Estate is waiting for the property market in Xiangjiang to collapse. Starlight Real Estate Group will enter the bargain hunting.

She herself wanted to take advantage of the current peak property market prices to sell some properties and make a lot of money.After the property market crashed, she was buying at the bottom so that she could earn high profits, but her idea didn't come true in the past few months.

Guo Qingya said: "Li Sheng, there is no big problem with the real estate side. The main problem is with the shipping company. Due to the wrong decision of the Madden family, the company currently has more than 100 ships, and many of them are in Japan. And the mainland and other places. We also have to pay follow-up funds, I am afraid that the shipping company will be very difficult in the future."

Now Wheelock's fleet can rank third in Xiangjiang, second only to Dong Haoyun and Zhao Congyan. He must start reducing the fleet in his hand, otherwise it will have too much impact on Wheelock's development.With such a large fleet, when the shipping is in recession, the maintenance cost alone is enough to hold back the development of Wheelock.

Li Guangyu said: "Qingya, contact the major shipping companies in Southeast Asia, and we will sell our fleet at a discount. I believe that if we sell at a low price, some shipping companies will still be interested."

Guo Qingya was very happy with Li Guangyu's order. She also wanted to dispose of these ships at a low price. By then, the shipping company would only leave thirty or forty new ships in recent years to maintain the operation of the shipping company. .

It's just that she doesn't have the right to sell these ships at a low price. One of the purposes of her coming to Li Guangyu this time is to hope that Li Guangyu can agree to deal with the fleet in her hand at a low price and reduce the high cost of the fleet. The impact of maintenance costs on Wheelock.Unexpectedly, before she said it, Li Guangyu ordered her to deal with the fleet at a low price.

Guo Qingya said: "Li Sheng, the shipping industry has just been in recession, coupled with the reform and opening up of the mainland, many shipping companies are still quite optimistic about the shipping business in the past few years. I believe that if we sell at a discount, we will definitely There are quite a few shipping companies that buy it."

Li Guangyu also knows what some people think. For example, Dong Haoyun is still optimistic about the development of shipping in the next few years, and the huge fleet in his hands still shows no signs of decreasing.

Li Guangyu said: "Qingya, you can deal with it as you see fit. At the same time, you are also merging some companies under Wheelock. Now there are too many subsidiaries, which is not conducive to your management."

In addition to dealing with the business of real estate and aerospace companies, Guo Qingya spent the rest of her time sorting out the companies under the Wheelock Group in the past few months.

Wheelock is worthy of being one of the four major foreign firms, with more than 40 subsidiaries, large and small.Guo Qingya was a little confused when she saw such data.Such a group with a market value of more than [-] billion Hong Kong dollars actually has so many subsidiaries.

At the same time, she also knew that due to the impact of the stock market crash, the market value of Wheelock Group was underestimated.Even if the Li Group purchased at a premium and spent more than 60 billion Hong Kong dollars, there is still not much loss.

However, her management has put a lot of pressure on her. There are only so many subsidiaries under the Li Group, and the acquisition of Wheelock has doubled the number of Li Group companies in an instant.

Guo Qingya said: "Li Sheng, other groups need to cooperate in this regard. We plan to transfer some companies that are not closely related to other groups to groups that are closely related to other groups, which will also benefit the development of our Li Group. Wheelock Group will focus on the development of real estate, shipping and trade in the future."

Li Guangyu didn't have any objection to this. After setting aside the other subsidiaries, Guo Qingya could devote herself to these major businesses.

Li Guangyu said: "You clean up the group and make a document. When the year-end meeting is held, discuss with the senior management of the major groups at the meeting to see how it is more appropriate to divide. In addition, you will airlift 25% of the group's Xiangjiang The shares in the cargo terminal were transferred to Xiangjiang Airlines, and I plan to acquire this company this time, so that our aviation group can control the aviation market of Xiangjiang.”

Guo Qingya said: "Okay Li Sheng, I will contact General Manager Zhao Wenhua after I go back, and I will complete this assignment as soon as possible."

Guo Qingya is not worried about the substantial shrinkage of the assets of the Wheelock Group she owns. She knows that if they let them go now, when they expand, Li Guangyu will inject a lot of funds into their group to support them, especially Xiangjiang. When buying real estate, Li Guangyu will definitely consider the situation of Wheelock.

Starlight Real Estate is actively developing the Treasure Island market, so the future market in Xiangjiang will be dominated by Wheelock. It is impossible for the Li Group to allow two real estate groups to expand vigorously in Xiangjiang at the same time.

Moreover, she knew that Li Guangyu was very optimistic about the future real estate industry in the mainland market. Since Starlight Real Estate Group vigorously developed Baodao, Wheelock had an advantage over them in entering the mainland market.

Guo Qingya even felt that Li Guangyu would let Wheelock develop the Xiangjiang and mainland markets, while Starlight Properties Group would develop the international market, so that the two groups would form a dislocation development.This will not only avoid the internal fighting between the two major groups, but also avoid some other factors.

(End of this chapter)