Hong Kong Island's New Rich Era

Chapter 41 Understanding Bias
Ever since Liu Zhicheng acquired the Whampoa Group, Liu Yanxin and Yin Huifen, who were far away in Macau, were stunned. Their son had not told them anything in advance, and they only learned about it through radio news.

Liu Yanxin was very happy after seeing the news report. His son bought back a century-old British-owned company, which meant that the family had become the leading company in Hong Kong and Macau.

Yin Huifen was not so optimistic. He worked in a bank and knew a little about Huangpu’s debt crisis. He called Su Kui to inquire about the acquisition.

She felt relieved when she learned that there were many fixed assets among the acquired assets.

Liu Zhicheng only spent 130 million to acquire Huangpu Group. This acquisition amount is not expensive. If the debt can be settled within one or two years, this will definitely be a profitable deal.

It seems that my son has really grown up.

That night, Liu Zhicheng also received a call from Yang Minli.

"Ah Cheng, don't just think about making money for yourself, you have to remember our three six one."

"Even if I forget to eat, I will not forget Amin's cooperation." Now that the two are familiar with each other, Liu Zhicheng now calls Amin directly.

"Ah Cheng, you still have to eat on time. I'll come back to you after you're done with these few days."

"Well, I'll call you when I'm done."

The two chatted happily on the phone for an hour or so before reluctantly hanging up.

...............

The next day, all media in Hong Kong were intensively reporting the news of the change of ownership of the century-old Whampoa Group and Hebao Company.

Liu Zhicheng made the front-page headlines of major media in Hong Kong, which made it like a carnival for the Chinese.

Liu Zhicheng has become the focus of all news media today, the idol of thousands of young girls, and the best candidate for son-in-law in the eyes of wealthy men.

When Liu Zhicheng arrived at the Orange Technology Park in the morning, he was startled by the reporters waiting there. He was afraid that there would be hundreds of reporters waiting at the gate of Orange Technology, waiting to interview him.

But Liu Zhicheng did not get out of the car. He just asked his assistant Han Chunxi to tell the media reporters and friends that he had just chatted with them for a while and to just deal with it first so as not to ignore everyone.

When Liu Zhicheng walked into the office, Su Kui, Hao Qingwen, Huo Haiqing, Wang Fengyun and others were waiting for him.

This was of course what he had instructed last night, and a company management meeting was to be held today.

"Today's meeting has several important tasks that need to be arranged. Let me tell you, everyone."

As soon as Liu Zhicheng sat down, he started talking to everyone. Seeing this, everyone knew that the matter was serious and no one dared to ignore it.

"Director Su, Mr. Hao, please join the Huangpu Group Board of Directors and Hebao Company on my behalf. Director Su will be responsible for finances, and Hao Qingwen will be responsible for company management. Please help me keep an eye on the company first, and we will take no action until the tender offer is made."

Su Kui and Hao Qingwen were beaming with joy. This was such a proud thing. Since it happened to them, they all expressed their understanding.

"Mr. Huo, the sanitation of the science and technology park, including the workshops, must be cleaned to a high standard and strict requirements, and the workers must wear uniform work clothes. Because we have important guests coming to visit in the next two days."

Liu Zhicheng received a fax from Walmart's board office yesterday that Walton Jr. was preparing to come to Hong Kong for inspection.

He guessed that he was interested in purchasing goods from Asia after talking to Sam Walton about it last time.

At that time, the first stop that Liu Zhicheng will take him to inspect will be the Orange Technology Park, where he will visit the Chigo fan workshop and arcade machine production workshop to demonstrate his strength.

Under Liu Zhicheng's strict requirements, the cleanliness of the production line in the park's workshop is now the best in Southeast Asia, and is definitely not inferior to European and American R, and may even surpass it. "Also, how is the production and sales of arcade machines during this period?"

Of course, this question can only be answered by Huo Haiqing: "Mr. Liu, the sales of arcade machines in Walmart are now on track, and we can ship thousands of units every month. As for Southeast Asia, we can also ship thousands of units every month."

"As for Europe, since Hebao Company was not very strong before, we could only produce a few hundred units per month."

"Hmm," Liu Zhicheng is now also having a headache. He thought he was omnipotent after traveling through time, and he thought arcade sales would be popular in Europe and the United States. But now that it is lukewarm, when will it explode? Or is there a problem with the sales channel?

"Mr. Huo, your job needs to be adjusted. The R&D center will be handed over to He Guoyuan, who will be responsible for the overall work in the future. You need to support Wang Xingfa in reorganizing the sales system. You must find out where our sales problems lie."

"Okay, Mr. Liu." When Huo Haiqing heard this, he thought Liu Zhicheng wanted to replace him, but it turned out that he wanted to give him more power and adjust the focus of his work.

"How are the sales of fans now?" Liu Zhicheng asked about Chigo Industrial's work again.

Huo Haiqing flipped through his notebook, took a look, and said, "We have orders for 500,000 units now. Our antique fans have started to gain momentum in the Japanese and North American markets. Walmart alone has orders for 100,000 units."

"Well, how about the profit?" Liu Zhicheng was quite satisfied with the electric fan.

"Mr. Liu, the profit is only HKD 1 per unit at the moment. We will produce some of the accessories ourselves next, so the profit should increase."

"This is the net profit excluding employee salaries and R&D investment," Liu Zhicheng asked.

"Yes, Mr. Liu, we have now formed a motor project team and an accessories project team. We are working hard to tackle the problem and hope to achieve 50% self-production of accessories within two months." Huo Haiqing reported.

"That won't work. You may have misunderstood me. We can't be big and comprehensive. Adjust quickly. We will only make key parts, such as motors, arcade motherboards, etc."

When Liu Zhicheng heard Huo Haiqing say this, he got a little angry and startled him. He then said impatiently, "Mr. Huo, do you understand what I mean?"

"I understand." Huo Haiqing was so scared by what Liu Zhicheng said that he broke out in a sweat.

"In the future, any spare parts research and development plans must be reported to me for approval before they can be implemented." Liu Zhicheng felt that some things would have to be checked more carefully in the future to avoid making wrong decisions.

"I understand, Mr. Liu." Huo Haiqing didn't dare to say anything more at this moment.

"Well, everyone here, if you have any questions after I give you instructions, you must ask me before taking any action. I don't want the situation like that of Chigo Industrial to happen again."

Liu Zhicheng had to emphasize it again to avoid any major misunderstanding.

Everyone expressed their understanding.

Liu Zhicheng said that seeing that fans are now gaining popularity in North America and Southeast Asia, it is necessary to establish a new fan industrial park.

"Mr. Huo, there is one more thing. Our industrial park will be overcrowded in less than a year if it continues to develop at the current rate. You need to spread the word at the appropriate time that we need to build an industrial park for 10,000 people, and submit an application to the Hong Kong government immediately."

"Please rest assured, Mr. Liu, I will arrange it right away." Although Huo Haiqing had doubts about his boss's instructions, he still carried them out firmly.

After the meeting, Liu Zhicheng talked with Su Kui about financial work and was relieved to learn that the current financial situation was normal.

Everything was ready, just waiting for little Walton to arrive. Liu Zhicheng didn't expect that little Walton would bring him a surprise.

(End of this chapter)