Started from Hong Kong Island

Chapter 386 384 [Wireless TV Station]

Wheelock Company Chairman's Office
Today's shipping industry is already showing signs of an approaching cold winter. After two years of adjustment, Wheelock & Company's ship tonnage is only 98 tons, with 36 ships.

In the past two years, Wheelock has sold off most of its second-hand ships, roughly selling off 410 million tons of ships and raising nearly 8 million yuan.

"Boss, Wheelock has nearly 13 billion yuan in cash in its account. Should we make some plans with this money?" Wang Tichuan asked. Wheelock's business in the shipping industry has shrunk, and a cold winter is approaching. If Wheelock wants to continue to maintain its size, it must find another way out.

"What suggestions do you have?" Li Wendi wanted to test the two actual managers of Wheelock Group in front of him.

"Wheelock owns a large number of residential properties and land in the Mid-Levels of Central, so we plan to make Wheelock the dominant player in the Mid-Levels, build a large number of high-end residential buildings and rent them out, while also entering the properties in the Yau Tsim Mong District and Tsim Sha Tsui area," said Wang Tichuan.

Li Wendi thought for a moment and said, "Changxin Group has a lot of residential properties and land in the Mid-Levels. You can talk to Wentao about taking over those projects."

The Changxin Group owns a number of high-end residential buildings in the Mid-Levels, such as Century Tower, as well as more than 100,000 square feet of land.

Li Wendi thought about it and concluded that the positioning of the Cheung Kong Group was residential development and that it owned a large number of commercial buildings, shopping malls and shops in prosperous areas such as Central, Wan Chai, Causeway Bay, Kowloon City and Sheung Wan. Wheelock Properties seemed to be able to make up for the shortcomings of the Cheung Kong Group in new towns in the New Territories and could create a large number of shopping malls and shops and establish exclusive small business districts.

So Li Wendi put forward this suggestion, and Ye Wenjian took the opportunity to respond, "Lane Crawford can also build a few shopping malls in these new towns."

In fact, Lane Crawford Development Company is one of the few high-quality enterprises of Wheelock Group, and can be called the best industry. Its profit in 79 alone exceeded 7 million yuan.

After seeing Wang Tichuan finish his report, Li Wendi began to talk about department stores. "Lane Crawford is a leader in high-end department stores and a pillar industry of the company. Changxin Group has a company called Daxin that does mid-range department store business. Is Wen Jian interested in taking over?"

Industries also need to be integrated. Lane Crawford has become the leader in Hong Kong's high-end department store industry, so Dah Sing Company can also become a leader in mid-range department stores. In this way, Wheelock Group will dominate Hong Kong's department store industry.

Monopoly business is naturally the most profitable.

Since the boss brought it up, it seems like he is asking for opinions, but in fact it cannot be rejected without a strong reason, even though I know that the mid-range department store industry is a big whirlpool.

"I'm interested, but I'm afraid I can't do it well." Ye Wenjian began to regret what he said as soon as he said it. Would the boss just find someone else to be responsible for these business operations?

"What are you afraid of? We have Wheelock as our backer." Li Wendi said with a smile, "Make a plan and give it to me first. If there is no problem, we can start then."

Li Wendi also gave instructions on a small amount of trading business under Wheelock, but he did not pay much attention to it.

TVB Administration Building

All shareholders attended the meeting, mainly to elect the new chairman and general manager of TVB, who would be the masters of TVB.

TVB has made considerable profits in recent years, with profit distribution of tens of millions, which is a hot commodity in the eyes of many people, including Li Ka-shing's two sons.

Since Li Ka-shing's wife, Li Luk Ngan-kwan, inherited most of the estate, including shares in TVB, and she doted on children and was easily influenced, Li Luk Ngan-kwan brought the two sons to the board meeting.

It's a bit strange to say that he wanted to compete for these two positions, but he didn't remember to make friends with the three major shareholders. Instead, he wanted to rely on his father's influence to step on Run Run Shaw.

Perhaps the three major shareholders would give face to Li Ka-shing, but unfortunately Li Ka-shing has passed away. Why should he give his son a chance? Moreover, it is well known that Li Ka-shing's two sons are of average ability, but they have caused a lot of trouble for the Li family.

With such a "reputation", the three major shareholders would have to be stupid to hand over the management rights of TVB to these two fools. "Everyone is here, let's start today's meeting. Today's main purpose is to elect a new chairman and general manager, so let's start with the first item, electing the chairman of the board." Run Run Shaw personally presided over the meeting, "The nominees are Run Run Shaw, Li Wendi, and Li Dinghong."

"First of all, if you want to support me, please raise your hand!"

As a result, none of the three major companies raised their hands, only Run Run Shaw himself raised his hand.

"The second candidate is Mr. Li Wendi. Please raise your hands if you support him!" Run Run Shaw said, glancing at Li Wendi.

Then representatives from HSBC and Wendi Li himself raised their hands and obtained more than 60% of the voting rights. His election as chairman of the board was a foregone conclusion, but Run Run Shaw still completed the procedure.

"I declare that Mr. Li Wendi will be the Chairman of the Board of Directors of Hong Kong Broadcasting Company Limited"

Suddenly, applause broke out in the conference room, and then the election for the general manager began. The nominees were Run Run Shaw and Li Dinghong.

".Please support Run Run Shaw's vote by raising your hands!"

"Okay, I declare Run Run Shaw elected as the general manager of Hong Kong Broadcasting Corporation."

Then Wendy Lee and Run Run Shaw gave very short speeches. The two sons of Li Ka-shing looked impatient, as if they wanted to eat Wendy Lee and Run Run Shaw.

After the meeting, Li Luyanqun left with her two sons. Li Wendi tried to persuade them to stay, saying, "Ms. Li Lu, please stay! Do you have time to chat?"

Li Lu Yanqun was slightly stunned. Of course, she had heard her husband talk about the grievances between the Li family and Li Wendi. She had not given them any face at all in the parliament just now. However, Li Lu Yanqun was very smart and knew that neither her husband nor her third uncle (Li Mingze) could deal with Li Wendi, let alone herself, a woman.

"Have time!"

Coffee shop downstairs
Li Wendi said bluntly, "I wonder if Ms. Li Lu is willing to sell the United Soda Company?"

Li Lu Yanqun thought about it. United Soda had been making losses for several years and had been spending more than it earned. It was a headache for her as she had just taken over her husband's business. However, Li Wendi's inquiry made her reluctant to abandon the property left by her late husband.

"Mr. Li, do you want to buy it at a premium?" Li Dinghong asked when he saw that Li Lu Yanqun did not answer.

Li Wendi smiled and said, "Without a premium, United Soda Company has been losing money in recent years. Even if I take over, I still have to fill these holes."

"United Soda Company is making losses, but it has great prospects, otherwise why would Mr. Li be interested in it?" Li Dinghong said bluntly.

Li Wendi didn't want to pay attention to this idiot anymore, and asked Li Luyanqun, "Ms. Li Lu, what do you think? Are you going to let it go or wait until the losses are too great to bear before letting it go?"

Pepsi and Coca-Cola have forced United Soda to have little market share, and if it continues to hold on it will only result in greater losses in profits. Moreover, Li Lu Yanqun has no ability to turn the situation around. After all, Li Ka-shing was unable to achieve anything when he was alive.

"Mr. Li, do you want to buy it at the market price?" Li Lu Yanqun glanced at his eldest son, signaling him not to speak nonsense.

(End of this chapter)