Reborn in Hong Kong as a Tycoon

Chapter 221 Hutchison Whampoa Recent Situation
Lin Baicheng did not stay in Asia TV for too long.

After leaving ATV, Lin Baicheng went to Hutchison Whampoa immediately.

When they arrived at the office, Lin Baicheng asked Qin Lan to call Wei Li and Cheng Yufeng to the office.

"How has the company developed in the past few months since I left?"

Although Wei Li would report the company's affairs to Lin Baicheng in Los Angeles at least every half a month, and Cheng Yufeng would also report from time to time, but the latest report was more than a week ago.

Wei Li said aloud: "According to your request, Mr. Lin, the company has basically completed the slimming down, and now there are only more than 70 companies left. The business includes real estate, construction, import and export trade, wholesale and retail business, Pharmaceuticals, hotels, container warehouses, transportation, shipyards, quarrying."

"All the shares of the listed company Harbor Engineering held by the company have been sold, and some employees who are willing to return to Hutchison Whampoa are sent to other positions. At the same time, the shares sold have brought a lot of liquidity to the company. Investment in harbor works can also be saved."

"At present, the company mainly develops the real estate industry and wholesale and retail industry. The real estate industry is currently developing an office building, a residential area, a hotel and [-] sets of villas. Among them, the hotel is under construction. After that, it will be self-employed.”

"The wholesale and retail industry is mainly based on the listed company Watsons. Let Vice President Cheng report to President Lin."

Lin Baicheng did not look at Cheng Yufeng immediately, but said to Wei Li: "The office buildings and residences developed by the company choose to only rent and not sell, and charge rent, and the rent follows the market price. The cost pressure will be very high at the beginning. But the company’s profits from other industries can be used to invest in the real estate industry and retail industry, among which the real estate industry is the main one. After the company’s investment profits are recovered, the company will not be short of money.”

"Also, don't sell the fifteen villas after they are built. I will buy them all."

The reason why Lin Baicheng bought so many villas was because of the idea of ​​picking up girls in villas, and also because of tax avoidance.Although the taxes in Xiangjiang are different from those in the United States, there are still some ways to avoid taxes. Last year, he consulted professional financial accountants.

What's more, Lin Baicheng owns half of the shares of Hutchison Whampoa, so the fat and water don't flow to outsiders, which means that he only needs to spend half of the money to buy a villa. Even if he leaves the villa, he can wait for it to appreciate in value later.

"Yes, Mr. Lin, I made a note."

Wei Li nodded when he heard the words, he knew that Lin Baicheng did not lack the money to buy fifteen villas.

"Tell me about Watson."

Lin Baicheng looked at Cheng Yufeng.

Cheng Yufeng said: "Watsons is one of the listed companies under the name of the company, but the company originally only held less than 30% of the shares of Watsons. You asked Watsons to vigorously develop the retail industry and build a supermarket like Wal-Mart, but Watsons The company itself lacked funds, so the company chose to let Watsons issue additional shares to the company, increasing the company’s shareholding in Watsons to 49.9%, and the funds raised were used to build a supermarket.”

"At present, there is already a supermarket in operation, with good revenue, but the profit is not high enough. Later, the company will deepen the transformation, increase the profit, and then expand this model. After the expansion of Xiangjiang is completed, it will expand to other surrounding areas. country expansion."

"It's a good job. The expansion really shouldn't be rushed, so as not to cause chaos in a hurry."

Lin Baicheng nodded approvingly, and said: "The next thing you have to do is to find a way to buy back the remaining shares of Watsons at a low price, and then delist Watsons. After the company has grown to a certain scale, then consider going public. thing."

"Okay, Mr. Lin."

Cheng Yufeng responded and kept this matter in his heart.

Lin Baicheng said aloud: "If there is nothing else, you can bring me a copy of the materials of each company."

"Boss Lin, there is one more thing I want to report to you."

Wei Li said aloud: "HSBC Bank submitted 10% of the shares to the board of directors in May, and after obtaining a board seat, it increased its holdings by 1% twice in a row. Three days ago, HSBC increased its holdings by 1% again. , now holds 13% of the company's shares, and is the company's second largest shareholder besides you."

"Have you increased your shareholding again?!"

Lin Baicheng couldn't help frowning slightly when he heard the words. He had agreed with Shen Congee that HSBC would hold 10% of Hutchison Whampoa's shares. He didn't have any objections, but it's best not to exceed 10%. Hutchison Whampoa's shares have reached 13%.This is still a backup that has been submitted to the board of directors, and no one knows whether there are still shares that have not been submitted for backup.

"Have you contacted Shen Congee? What did he say?"

Wei Li nodded and said: "The day before yesterday I conveyed my doubts to Shen Daban through director Yuan Tianfan, and asked why HSBC increased its holdings of Hutchison Whampoa. Shen Daban said that he was optimistic about the company's development, so he increased his holdings of the company's shares."

Cheng Yufeng said aloud: "Mr. Lin, you hold 49.9% of the company's shares. No matter what HSBC thinks, no one can threaten your control over Hutchison Whampoa."

"I know that."

Of course, Lin Baicheng knew that no one could threaten his control over Hutchison Whampoa, but why did HSBC continue to increase its holdings of Hutchison Whampoa, and why did Shen Congee go back on what he said to him at the beginning? He wanted to know the reason.

"It seems that it is necessary to talk to Shen Congee."

Lin Baicheng thought to himself, decided to ask Shen Congee directly, there is no need to think twice.

"I know about this matter, and I will handle it well. As long as HSBC does not intervene in the company's specific affairs and does not hinder the normal operation of the company, then leave it alone for now."

Lin Baicheng said to Wei Li that he is the major shareholder of the company, and it is actually easy to target small shareholders, but this kind of thing cannot be done often, and HSBC is not something he can do as he wants. HSBC is a giant in Xiangjiang, and it can It is better not to offend or not to offend.

Wei Li and Cheng Yufeng left Lin Baicheng's office. Not long after, Wei Li's secretary sent over a bunch of documents, which Qin Lan handed over to Lin Baicheng.

Lin Baicheng was looking at the materials sent in the office to deepen his understanding of the various companies under Hutchison Whampoa.Although it doesn't matter, he must know everything about Hutchison Whampoa, only in this way will he not be deceived by the people below.

Although no one is blinding Lin Baicheng now, if he does nothing and knows nothing about the company, it is tantamount to giving opportunities to the people below. This kind of possibility should be killed in advance and no one will be given a chance. This will be harmful to everyone. good.

(End of this chapter)