Hong Kong's new giants

On Tuesday, Lin Zuhui, on behalf of Asia Containers, and Wilson, the president of British Shipping Lines, formally signed an agreement on the equity transfer of Felix Du Port, involving an amount of 8 million Hong Kong dollars (55% equity).

After this transaction, Asia Containers already owns 75% of the equity of Felix Doo Port, with a total cost of 11 billion Hong Kong dollars.The remaining 25% stake is also on the next acquisition agenda.

The British Iron Line Steamship is an old-fashioned company. In 1837, it used the steam sailboat to start the sea passenger and mail transportation business, which was the prototype of the cruise ship.Although it has a glorious history, it still can't stop the company from going downhill and selling assets to survive.In fact, in the 21st century, the company is still struggling.

After winning the Port of Felix Doo, Lin Zuhui continued to develop business in London non-stop. His next goal is to enter the British telecommunications industry.

In an office building in London, Lin Zuhui is listening to a report from the president of Times Communications, Longstadt.

Earlier this month, Times Communications has registered a subsidiary in London - Times Communications (UK), intending to develop the UK's telecommunications industry and is committed to becoming one of the largest telecommunications companies in the UK.

The Great Wall's first step was to acquire one of the UK's national paging companies and a wireless phone company with a CT1 license.

In Hong Kong, this industry is called 'non-proprietary telecommunications', which provides customers with wireless phone and communication services, and wireless phones are ordered from mobile phone manufacturers such as Motorola.In this era, mobile phones cannot be sold separately, and must be sold by telecom operators, who charge high network access fees.Of course, telecom operators also need to invest a lot of money to build signal stations.

The telecommunications industry at this time is still like a baby in all countries, and the penetration rate of wireless phones is not high, so it is very appropriate for Lin Zuhui to enter this field at this time.

"Boss, we have already reached an agreement with Milikon paging company to acquire us. We are negotiating with a mobile phone company that holds a CT1 license. I believe we can get something soon." Longstadt reported earnestly.

Lin Zuhui looked at the information about Milikon, which is one of the seven nationwide paging companies in the UK. Buying it means that Times Communication (UK) has taken a solid step in the UK.

Pager service in this era is much more popular than wireless phones. When customers have mobile phones, they must have pagers.

Lin Zuhui nodded and said: "This industry is like a new industry. We have an advantage by stepping in at this time. Hutchison Communications has developed in London this year. We are faster than them and invest more than them!"

Hutchison Communications currently also has a pager service market in Australia, but Lin Zuhui intends to only develop the telecommunications industry in Europe. Here is the world leader in telecommunications. European GSM (European telecommunications standard) is more popular in the world. "Sell Oranges"!

Longstall immediately said confidently: "Boss, don't worry, we will definitely develop better than Hutchison Communications in Europe!"

Lin Zuhui nodded. He knew the history of the European telecommunications industry. As long as the 2003G licenses came out around 3 and did not participate in the bidding, the industry could make a lot of money.

The competition for 3G licenses is fierce, and the governments of various countries want to make a fortune, resulting in too expensive license fees; and they need to invest a lot of money to build communication stations. When the cost can be recovered, 4G will come out again.

2G communication is different. It will appear next year. It has a development period of nearly 15 years. It can start business immediately. First, it will invest a lot of money to increase customers, and then seek to return to the IPO. Finally, it will sell its shares and earn hundreds of billions.

This is actually the earliest "Internet" routine, which was first played by Li Chaoren and Huo Jianning in the previous life.

Lin Zuhui invested heavily in the UK, which was reported by the local media. Because he is young enough, he has received far more attention and topicality than Li Chaoren, so the media is very sought after.

Therefore, the news of investing in Philisto Port and Milikon soon spread to Hong Kong, which surprised Li Chaoren and urgently convened a high-level meeting of Hutchison Whampoa.

In the conference room, Li Chaoren showed a very little regretful expression, and said: "Felix Dou Port is the port I have been considering to buy, but it was taken one step ahead by the Asian container."

Ma Shimin said: "When Modern Containers invited Jardine to join us, we all guessed that they were for No. [-] Kwai Chung Container Terminal. Now it seems that it is because Modern Containers needs British capital to develop ports in Europe and America. Knowing about overseas development, should we also consider increasing investment overseas and relocating our company, which will be more conducive to the development of Hutchison Whampoa!"

In the matter of relocation, Ma Shimin represented the interests of Hutchison Whampoa's British capital.Because of this, the former Ma Shimin actually fell out with Li Ka-shing and his son in the past few years, which eventually led to his resignation as the general manager of Hutchison Whampoa in 1993.

Some British executives echoed their views. In their view, Lin Zuhui is a new immigrant from the mainland, and now he has begun to invest heavily overseas, which is obviously not so specific to the mainland.Then, as a group with a large proportion of British capital, Hutchison Whampoa should relocate overseas.

Huo Jianning frowned, of course he knew what the boss was thinking, once the re-registering, the influence would be greater than Jardine's re-registering, and the boss would immediately attract fierce criticism from the mainland.Then, whether to invest in the mainland in the future, isn’t the investment for so many years in vain?

Sure enough, Li Chaoren resolutely said: "Xiangjiang is the most suitable place in the world to develop a company. It can do business in both the West and the Mainland. It is very suitable for developing Hutchison Whampoa into a global group company. Therefore, you don’t need to talk about the relocation. What we need to discuss now is that the development of Hutchison Whampoa in European ports and British Telecom has encountered a real opponent. We must carry out targeted development and surpass New Times Group. .Now, tell me your thoughts on this!"

Under Li Chaoren's suppression, the eager British capital fell again. He fought against the British Big Three at Hutchison Whampoa, Li Chaxin and others. In the end, he won a complete victory and drove the three of them away. authority.

Next, Hutchison Whampoa expressed their opinions, nothing more than starting to buy ports in Europe and investing heavily in the British telecommunications industry.

In fact, soon in the British telecommunications industry, two Chinese capitals will shine, and they are not local companies. (Currently, landlines are absolutely mainstream, so the UK is not open to foreign companies)

After finishing the British port and telecommunications matters, Lin Zuhui immediately got busy. He stayed in London for another three days to recruit the management of the family office.

The candidates who came to apply for the job were all introduced by headhunting companies, and all of them were excellent talents.However, Lin Zuhui was more cautious, and did not plan to recruit all the staff of the family office soon, which would appear to be in a hurry.Therefore, at the beginning, it was just to build the shelf of the management.

After three days of recruiting in London, he immediately flew to Los Angeles for another three days of recruiting.

In the end, he identified a total of 16 senior staff, including the heads of six departments of the family office.

The family office has initially taken shape:
CEO: Rob Featherston Howe (American)
Investment management department: Bruce Wayne (American)
Estate Planning Department: George Hall (British)

Tax planning department: Li Zhaolin (British Chinese)
Trust Service Department: Wen Tianlun (Canadian Chinese)

Family Governance Department: Birchall (American)

Administrative service department: Charles (British nationality)
None of the seven core executives is from Xiangjiang. That is because Xiangjiang people are not familiar with the operation of the 'family office', so they cannot find top talents.However, there are two Chinese joining, which can be regarded as Lin Zuhui's deliberate intention. Of course, the two Chinese are also top talents.

For example, Li Zhaolin is a senior talent with an accounting background and has rich work experience.

However, in order to check and balance this situation, Lin Zuhui will definitely recruit some senior staff in Xiangjiang; Xiangjiang is a place where Chinese and Western cultures meet, and English is also one of the official languages, so there is no problem for Chinese and foreigners to communicate.

The Lin family office is committed to a world-class family office, and there will be three headquarters in the future - Hong Kong), Switzerland, and Los Angeles.