Reborn in Hong Kong as a Tycoon

Chapter 409 Joining forces

Neither the establishment of the group nor the due diligence on Hutchison Whampoa's foreign trade business can be completed in a day or two.

Lin Baicheng first talked to Xia Boyin and Wei Peter respectively, told them about the situation of the media group, and told them that he wanted to transfer one of them to the media group as a vice president, and asked them what they thought.

Lin Baicheng told them in advance that they were only one of several vice president candidates, and asked them to tell the truth whether they would like to leave Hutchison Whampoa without any worries.

Xia Boyin and Wei Peter both expressed their unwillingness to leave Hutchison Whampoa Company after hearing this. They knew Hutchison Whampoa Company better, had more affection, and were more comfortable in doing things.

Of course, Xia Boyin and Wei Peter do not want to leave Hutchison Whampoa Company. Now Hutchison Whampoa Company has a market value of more than 200 billion Hong Kong dollars. There will be incentives in the next few years, and they will also receive stock incentives as vice presidents and have higher income.

If Lin Baicheng forcibly transferred them away from Hutchison Whampoa, that would be fine. After all, they were just wage earners and they didn’t want to leave Hutchison Whampoa. But since they could choose independently, they certainly didn’t want to leave Hutchison Whampoa.

Xia Boyin and Wei Peter didn't want to leave Hutchison Whampoa, and Lin Baicheng didn't force it. Anyway, whether they left or not would not affect Hutchison Whampoa's control.

Regarding the management adjustment of Hutchison Whampoa, Lin Baicheng has already had a preliminary idea, that is, to transfer Wei Li from Hutchison Whampoa in another year or two, and then send someone he trusts more to take the post of Hutchison Whampoa Taipan, the two of them Staying in Hutchison Whampoa is absolutely impossible to become a Hutchison Whampoa Taipan, and the room for improvement has been blocked.

Lin Baicheng would not tell them this clearly, to see if they could understand it, the opportunity had already been given to them, and they didn't grasp it themselves, so it was no wonder he was to blame.

Xia Boyin and Wei Peter would not work in Asia Star Media Group, Zuo Xiangqing and Liao Siren were two candidates, Lin Baicheng was more inclined to Liao Siren, so he had a talk with Liao Siren, and finally appointed him as the two vice presidents of Asia Star Media Group One of the presidents.

Huang Xizhao and Liao Siren took up the post of vice president of Asia Star Media Group. The establishment of the group will be operated by the two of them. Cheng Yufeng and the managers of related companies will cooperate with their work.

Counting from Lin Baicheng's birthday, more than a week passed in the blink of an eye.

This week, neither Xiangjiang nor the international community had any important events related to Lin Baicheng. The international gold price and Hongkong's Hang Seng Index were in a sideways shock.There was neither a big rise nor a big fall.

However, after more than a week, Iwasaki Mineryu and others have completed their due diligence on Hutchison Whampoa's foreign trade business, and they each have a very detailed understanding of Hutchison Whampoa's foreign trade business.

That is, after they completed their due diligence, Lin Baicheng, Bao Yugang, Iwasaki Mineryu, Phil Smith and Logan Rockefeller got together again.

Among the five, Lin Baicheng is the core, so Lin Baicheng entertained them in the chairman's office of Xinghe Game Company.

After the secretary brought in the brewed coffee and walked out.

Lin Baicheng said to the four people: "Bao Sheng, Iwasaki-kun, Smith, and Logan, you have completed the due diligence work on Hutchison Whampoa's foreign trade business, and now you are very familiar with Hutchison Whampoa's foreign trade business. Today we will discuss the establishment of a joint venture Foreign trade companies and whether to acquire Hutchison Whampoa’s foreign trade business.”

"Everyone's time is very precious, not to mention that the sooner the company is established, the sooner the company is put into operation, and the sooner we can make money. Therefore, today we will decide on these two things, at least the general direction."

"Lin Jun is right."

Mineryu Iwasaki nodded in agreement: "We come from three different places, and I have something to do in Tokyo. Now that we are all here in Xiangjiang, I will decide on some general matters, and the rest can be settled. Leave it to the people below to do it slowly.”

"I think so too."

Bao Yugang also nodded in agreement.

Of course, Phil Smith and Logan Rockefeller also agreed, so the five decided that today's conversation must have a result.

As the core, Lin Baicheng took the lead and said: "Since everyone has no opinion, let's first decide whether to acquire Hutchison Whampoa's foreign trade business. Although everyone has already made a preliminary decision on my birthday, I still want to confirm it with everyone. The decision is made today." Once you get down, there is no reason to go back on your word.”

In fact, on Lin Baicheng's birthday, they had already discussed this matter. At that time, Bao Yugang and Iwasaki Minelong both chose to acquire Hutchison Whampoa's foreign trade business.However, at that time they didn’t know much about Hutchison Whampoa’s foreign trade business. At the same time, it involved a transaction of at least [-] million Hong Kong dollars. On average, each person had an investment of more than [-] million Hong Kong dollars. So they felt that the investment was too large and they regretted it afterwards. That's also normal.

After all, this kind of big investment is not something that can be decided on a whim. It involves [-] to [-] million Hong Kong dollars. In terms of everyone's net worth, it is not a small amount, and it is normal to think carefully.Casually deciding whether to invest or not is not a quality that a successful businessman should have.

"That's the truth."

The four agreed with Lin Baicheng's words.

Iwasaki Mineryu looked at the other three people, and said first: "I asked the people below to investigate the foreign trade business of Hutchison Whampoa. It is basically the same as what Lin Jun said. After the acquisition, our company can immediately expand based on it. I also agree with the valuation of at least [-] million Hong Kong dollars, so I still agree to the acquisition.”

Phil Smith went on to say: "Mr. Iwasaki is right, and I also maintain my original opinion. I agree to acquire Hutchison Whampoa's foreign trade business. Big investment will bring big returns."

"I'm fine too."

Bao Yugang nodded.

"Me too, buy it directly."

Logan Rockefeller finally said that after due diligence on Hutchison Whampoa’s foreign trade business, he clearly knew that the current industry’s profits were high, and the foreign trade department of Hutchison Whampoa was operating very well and was a high-quality asset, so he did not reason against.

"Since everyone agrees to acquire Hutchison Whampoa's foreign trade business, then this matter has been decided."

After hearing this, Lin Baicheng said: "Next, let's discuss how much money the five of us will invest at the beginning, and how much each of us will own in the joint venture company."

Compared with before, this is the most important thing to discuss now. It is related to everyone's investment and shareholding, and it is related to everyone's vital interests.Although it is a five-person joint venture, not everyone contributes 20% of the funds and takes up 20% of the shares. This needs to be discussed carefully.

　(Thanks to 'Tianting 01' for the great support!)
　　
　
(End of this chapter)