Hong Kong's new giants

Chapter 564 [Cooperation with Superman Li]

February 2 (the seventh day of the Lunar New Year), Monday.

Today is the first working day after the Spring Festival. Lin Zuhui came to New Era Group on time, distributed a circle of 'Rishee', and returned to the office.

After reading the newspaper for a while, Lin Zuhui thought about some issues when he saw that there were no senior executives to report on his work.

He was thinking: Compared with Li Chaoren's career, what are the advantages and disadvantages of his career.

Li Chaoren's career can be said to be all due to the acquisition of Hutchison Whampoa that year, otherwise he would not be considered a top three business tycoon in Hong Kong.

Hutchison Whampoa's retail group - Watsons, he remembers that in 2009, this company had 10000 branches around the world, with stores in Europe, America, Asia and Africa.The reason why this retail company has developed so well is mainly because of its brand and comprehensive products, especially in care products, which also have a lot of self-owned products.

In comparison, New Times Group’s Yonghui Superstores (including its Shiduo Convenience Store) are quite different. In the future, they will at most go to the mainland to develop Shiduo convenience stores; as for supermarkets, tentative investment is enough. It is said that This industry is not very profitable.

The retail space - complete failure!
Of course, if Lin Zuhui's LEIT Group is counted, Li Chaoren's Watsons can't compare. The prospect of LEIT Group is unlimited. Lin Zuhui still has many ideas and projects that have not been developed.Moreover, the current development of the LEIT Group itself is also very good.

Hutchison Whampoa's port business, energy business, and infrastructure business, these three businesses are still ahead of New Era Group. These businesses Hutchison Whampoa has already cultivated in Southeast Asia, Europe and the United States, so New Era Group has no way to catch up.Unless the New Era Group adjusts its policy, which is obviously not necessary.

At this time, Lin Zuhui no longer had the mentality to compete with Li Chaoren.

Therefore, Lin Zuhui adjusted his development direction to avoid falling into malicious competition.

First, the development of commercial real estate around the world - new era commercial management, including shopping centers and office buildings, is currently very successful, with good copying, and excellent business strategy and management.

Second, develop the hotel industry and build a world-class hotel group - Langham Hospitality Group. Although the return rate of hotels is only 6-8%, the hotel industry has sufficient cash flow. This is the industry with the best loans, so it is very easy Soon Langting Hotel Group will develop rapidly.

Third, the presence of the food and beverage industry in the mainland alone is enough to create a super group.Jinmailang, Nongfu Spring, Wanglaoji, and Red Bull are four super brands in hand; of course, when Hengchang Beverage and Food goes overseas, the company will use acquisitions to enter overseas markets.

Fourthly, the telecommunications industry, with the first use of digital cellular communication technology by Times Communications, its users have shown a surge in users no matter in the UK or in Hong Kong, and its development potential is huge.Lin Zuhui's greater ambition is to acquire Heung Kong Telecom after the Asian financial crisis, and then Times Communications goes public through a backdoor to build the No. [-] telecommunications industry in Hong Kong, and then develop telecommunications business globally.

Fifth, the shipping industry, shipping is cyclical, and the cyclical industry is undoubtedly Lin Zuhui's world.In the previous life, shipping began to decline after the Asian financial crisis, and it fell to the bottom between 1999 and 2000. There were no orders for shipyards and the price of cargo ships plummeted. Some people jokingly said that if they merged and acquired at any time, they would be prosperous; the reason is that they began to recover in 2001. During the period, the freight rate tripled and quadrupled in a few years, until Lehman broke out in 2008, and shipping once again entered an eight-year slump.There is a wholly-owned shipping company under the New Times Group—Xiangjiang Shipping, whose assets have doubled compared to when it was acquired. The current total asset value is about 30 billion, so the foundation for the development of shipping has already been laid, and seafarers are recruited from the mainland, which is cheap and cheap. capable.

These five industries are just key developments. The New Era Group has many other industries that are also developing steadily, instead of choosing 'Tang Ping'.The business of New Era Group itself is huge, involving various aspects, such as the development of real estate developers, smart parking lots, warehousing, infrastructure, and retail.
As for the port, even if Lin Zuhui does not develop, there are three important shareholders of New World, Jardine, and Henderson. They have tasted the sweetness and will naturally develop.Because of this, there is no need for New Era Group to worry about it alone, and the rest of the shareholders are also highly involved.

After sorting out his thoughts, Lin Zuhui already knew it!

In the morning, Yuan Tianfan came to Lin Zuhui's office.

Sitting on the sofa, Yuan Tianfan reported: "Currently, New Era Group (Singapore) already holds 45% of the Yeoh Hiap Seng Group shares. Yang Zhiyao has expressed cooperation on the condition that we retain his management rights, and he is willing to introduce us to the board of directors to strengthen cooperation in the future. "

Lin Zuhui was not surprised that there was no white warrior jumping out. After the Yang family passed the court to remove their voting rights, New Times Group (Singapore) bought the shares of several Yang family members at a premium of 38%. up to 45%.

Yang Zhiyao is not stupid, even the white warriors can't beat the New Era Group's cross-river dragon.

Lin Zuhui nodded and said: "Okay, that's it. First, arrange people to join the board of directors, and then strengthen the development of Yang Xiecheng's beverage sauce. Hengchang beverage and food can also strengthen the development of overseas markets through their channels. As for its Keep the land first and tell Yang Zhiyao that it is our project."

"Ok"

Then, Lin Zuhui pondered for a while, and asked in a questioning tone: "Do you think Times Communication's business in the UK can be merged with Hutchison Communications' UK business?"

At present, Davos and Ottoman rank first and second in the UK's telecommunications business, and Times Communication and Hutchison Communications rank third and fourth; 1600 million Hong Kong dollars, you can earn [-] billion.

However, because Times Communications is more sensitive to technology, currently Hutchison Communications only has [-]% of its customers.

Yuan Tianfan thought for a while and said, "Mergers and acquisitions are a good thing, and the total investment can be reduced. However, Hutchison Telecom is unlikely to ask for cash."

Lin Zuhui nodded and said, "That's true, and they won't be reconciled. I'll talk to Li Chaoren about it later. After the merger, it will be good for future development to change two companies to run one company."

Yuan Tianfan immediately asked: "Then who will be in charge and deputy in the management?"

Lin Zuhui thought for a while, and said: "Look, Huo Jianning is a talent, and I want you to shift your focus to the group's affairs, responsible for the group's acquisitions and global planning and development; and I'm developing high-tech industries, and I want you to be a consultant. "

Upon hearing this, Yuan Tianfan immediately said, "I'm fine!"

For him, he is very happy to be able to participate in Lin Zuhui's overall strategy.

Lin Zuhui immediately said: "Okay, let's adjust the division of labor later."

Furama Hotel.

Lin Zuhui took Yuan Tianfan to entertain Li Chaoren at his shop, and Li Chaoren also brought Li Zeju and Huo Jianning, because they had contacted beforehand.

After everyone met, they were not in a hurry to talk about things, but chatted happily and chatted happily.It is one thing to have competition, but there can also be cooperation.

While eating and chatting with everyone, Li Chaoren praised: "Lin Sheng is indeed a good businessman. Last year, he made continuous acquisitions, and there are classic projects like Cyberport, which is very admirable."

Lin Zuhui responded: "It's all projects that cost money. Li Sheng worked every step of the way to get a lot of projects done at the lowest cost. For example, Hutchison Whampoa bought 50% of Panama's Freeport Harbor last year. Li Sheng is about to master it." The economic lifeline of the world!"

Freeport Harbor is a Panamanian company, and Li Chaoren took a stake in it to build relationships with the local government; with some additional investment, when the time is ripe, he can control the container terminals at both ends of the Panama Canal.

Li Chaoren is naturally not afraid of Lin Zuhui's intervention, because he has already seized the opportunity and signed a memorandum of understanding with Panama.

"Lin Sheng was joking. The matter has not yet been finalized. Besides, it is only possible to cooperate with the port. It can be said to control the lifeline of the world economy."

Lin Zuhui reminded friendlyly: "If we really want to build a container port there, the public opinion in the United States may be unfavorable!"

Li Chaoren said gratefully: "Thank you, Lin Sheng, for your reminder, but we are going to invest. I believe the Panamanian government can clarify."

Lin Zuhui no longer discussed this topic. He also invested in Panama, but it was a registered offshore financial company.It is a world-renowned offshore financial area, and it is also an area with very low tax rates.At the peak of the previous life, Panama, with a population of only a few hundred thousand, had a registered fleet of 5000 million tons. Because of the low tax rate, many ship owners registered their ships there.In addition, there is also a small island lease there, with a term of 100 years. Many world celebrities bought small islands there in previous lives.

Next, Lin Zuhui said: "What does Li Shengyi think about the competition between our two companies in the UK's telecommunications industry?"

To put it bluntly, it was Times Communication who took the lead in developing the digital cellular network. Hutchison Communications also saw the success of Times Communication and developed rapidly.

Li Chaoren said: "Competition is a good thing, but if we can cooperate, it is indeed more in line with everyone's interests. Although Times Communication has more customers in the UK than us, our Hutchison Communications business is more comprehensive. Hope to take it into consideration.”

This is a fact, Li Chaoren did not fool people, and Hutchison Communications entered the UK at the end of the 80s, which also has many advantages.

Lin Zuhui said directly: "Then a merger of equal value, the shareholders of both parties will get a [-]-[-] share."

Times Communications also includes British capital, and so does Hutchison Communications, although the proportion is very small.

Li Chaoren nodded and said, "Lin Sheng is refreshing, so let Manager Huo and President Yuan discuss the details before we formally sign the contract."

"Okay, Li Sheng is also refreshing, come, let's have dinner!"

In fact, the reason why Lin Zuhui took the initiative to talk about the merger was because after the rapid development of Times Communication's business in the UK, he and Yuan Tianfan discovered that Hutchison Communications was also developing very fast. Grab a cake.

Why bother?Reducing internal friction is the right thing to do. Xiangjiang couldn't tolerate him and Li Chaoren, so everyone went to sea to seek opportunities.

As for whose city is Xiangjiang?
This one can also be compared:
Li Chaoren controls [-]/[-] of Xiangjiang's electricity, and Lin Zuhui controls [-]% of Xiangjiang Media's communication;

In other industries, everyone has their own advantages!

However, once Lin Zuhui's "Cultural Establishment of Hong Kong" and "Technology Establishment of Hong Kong" break out, Li Chaoren will be far less influential than him.

"Culture-based Hong Kong" and "Technology-based Hong Kong" are like the policy outline of a "country", and the policy outline of the Hong Kong Special Economic Zone was developed by Lin Zuhui, a businessman, over seven or eight years. It is conceivable how influential it is .

It can be said that after Mr. Dong came to power, he will visit Lin Zuhui soon, and then earnestly ask for advice and study.

The reason is very simple, because the Asian financial crisis came, and he just took office, the pressure is on him.Because of this, there was a failure case of "Chinese medicine port" in the previous life.

Of course, it cannot be said to be a complete failure. Li Chaoren has done a lot. He used Watsons to acquire thousands of pharmacies in Europe, which is obviously true.

The reason for the failure is not Xiangjiang, but the Chinese medicine industry in the mainland, which cannot be supported by Adou.

Lin Zuhui originally wanted to build a 'Chinese Medicine Port', but in the end he failed. He only invested in the success of 'Yunnan Baiyao Toothpaste' and the establishment of Times Medicine.

There are various reasons for this, including the conservativeness of the mainland, the lack of strength of Times Medicine, and the lack of relaxation of European and American laws.

Of course, if Mr. Dong intends to restart in the future, and Li Chaoren is willing to do it, Times Medicine can also invest; whether it succeeds or not, Xiangjiang Special will give it face, and it will definitely promote Chinese medicine to a certain extent.

The management of New Era Group has changed slightly:
Lin Zuhui is the chairman of the board of directors and executive director

Chen Bin is the executive director and president
Liang Zhenxun is executive director and vice president
Yuan Tianfan is an executive director, vice president, and president of Hengchang Holdings
The main reason is that Yuan Tianfan added the title of vice president, and then started to focus on the group's acquisition business, which is a financial project he is good at.

In the meeting room, Lin Zuhui made some simple adjustments, and said to Yuan Tianfan: "I want to start some businesses in Brazil, mainly investing in mining. Not surprisingly, Brazil will fully liberalize privatization this year. If there is an opportunity, we will also invest in some Pen. With the opening of the mainland, steel production will explode at a certain stage, which will inevitably lead to a rise in global iron ore prices. Therefore, you should first establish an investment company there, and then build a management team."

Yuan Tianfan was quite surprised in his heart, his boss was moving forward bravely.

"Okay, I recently arranged and started to pay attention to the business over there."

Lin Zuhui nodded, and then said to everyone: "New Era Group's 'New Era' means that we will always be a company of the new era, instead of being stagnant. It is right to seek stability, but to move forward bravely, we must be resolute. "

Everyone's spirits were shaken, and they echoed in unison, and their morale immediately rose.

As the core executives, we all know that the company's cash plus stocks is much higher than its debts.Equivalently, New Era Group has no debts.

The important thing is that the current stable real estate business and hotel business of New Era Group account for a very large proportion.This is equivalent to a solid foundation and confidence in expansion.

(End of this chapter)