Hong Kong Island's New Rich Era

Chapter 43: Moved into Huangpu Building and strengthened the reputation of Chinese people
Tuesday, May 7th.

The 2800 sportswear brand was officially established in an office of approximately square feet on the th floor of Windsor House in Causeway Bay.

After several months of preparation by Yang Minli, 1000 Sportswear Company officially started operations with a registered capital of HKD 51 million. Yang Minli was the majority shareholder, holding 49% of the shares, while Liu Zhi became the second largest shareholder, holding % of the shares.

In the conference room, Yang Minli, dressed in formal attire, sat in the main seat, Liu Zhicheng sat next to him, and then sat several senior executives of the company.

Over the past two months, Yang Minli has been in charge of everything from registering the company to recruiting employees, and Liu Zhicheng was not involved in the entire process.

It's not that Liu Zhicheng didn't participate, but he was too busy to spare the time. Yang Minli also expressed her understanding for his non-participation.

In fact, with Liu Zhicheng as an advisor, the 361st had already achieved half of its success.

Liu Zhicheng asked her to recruit outstanding fashion designers, brand operators and store management talents in the industry.

Although most of the managers from various departments met Liu Zhicheng for the first time, they all dared to communicate happily with the second boss.

On the contrary, Yang Minli was a little bit restrained, perhaps a little too reserved in front of Liu Zhicheng. Liu Zhicheng had to give her an encouraging look.

After the meeting, Yang Minli returned to the office and patted her chest to calm her nervousness.

Seeing this, Liu Zhicheng couldn't help but laugh out loud, and Yang Minli rolled her eyes at him.

"Ah Cheng, I've been busy preparing for 361 recently, and all I get is a laugh from you?"

Yang Minli was still too young, not as experienced as she was in her previous life. She always wanted to manage the company herself, fearing that her career would go wrong.

"Amin, I'm not laughing at you. You've been so busy during this period, I dare not laugh at you." Liu Zhicheng quickly denied.

"Humph. If you don't dare, who will?"

Seeing this, Liu Zhicheng had to quickly change the subject and said, "Let me tell you some business management experience. You just need to arrange the affairs and see the results. If we handle all the affairs, we will be exhausted and may not get good results."

"You need to consider who will be our brand spokesperson? What styles are more popular with young people? Go and experience whether the service attitude of the store clerk meets your requirements."

Liu Zhicheng passed on to Yang Minli some of his memories from his past life and the management knowledge he had learned currently.

Yang Minli was a little surprised. They were of the same generation, so why did he know so much? It seemed that what he said was true. She said, "You really don't participate in the management of the company?"

"Well, I don't care."

361's clothing design work has been ongoing for a long time, and it has already designed a variety of sports shirts, short-sleeved shirts, shorts, jackets and shoes.

Four stores have been confirmed, two of which are self-owned. They are currently undergoing emergency renovations and employees are being trained, with the goal of opening in October.

At noon, Liu Zhicheng also had lunch with Yang Minli, as a compensation for her hard work during this period.

…………

On July 1975, 7, Liu Zhicheng's motorcade drove into the Whampoa Group's headquarters building, the Whampoa Building in Hung Hom.

In order to witness this great moment, Liu Zhicheng invited some media friends to witness it, and his motorcade parked directly in front of the entrance of Huangpu Building.

Liu Zhicheng's purpose was very simple, which was to enter the Huangpu Building in front of everyone, build momentum for himself, and enter the vision of more people.

"Mr. Liu, what will be the future of Huangpu Group? As a Chinese, is your control of this company purely for investment, or...?"

"Mr. Liu, how are you going to solve the debt problem between Huangpu Group and Hebao Company?"

"Mr. Liu, the share price of Huangpu Group has soared now. What do you think?" As soon as the car door opened and Liu Zhicheng stuck his head out, the media reporters bombarded him with all kinds of questions.

If Liu Zhicheng had not prepared enough security personnel in advance, he would not have been able to get away.

Surrounded by a group of bodyguards, Liu Zhicheng entered the Huangpu Building, and reporters were blocked by security guards at the door.

Hao Qingwen and Su Kui had already been waiting in the lobby on the first floor, and they were responsible for the initial reception work.

This is Liu Zhicheng's first time to come to Huangpu Building. Today he officially moved into the building to work.

All department managers at the Huangpu Group headquarters were waiting in the conference room early, and executives from Chigo Industry and Orange Technology were also present.

The boss came in and everyone took their seats.

Liu Zhicheng first talked about the first topic of today's meeting: "The offer has ended. Huangpu Group will apply to the exchange for a trading suspension on the grounds of major asset restructuring."

"At the same time, we will issue new shares, and the funds raised will be used for debt restructuring and the restart of construction of major projects under our umbrella."

This was a plan Liu Zhicheng had long had, to expand shares and increase capital through restructuring, reduce debt size, restart projects under construction, and increase shareholders' confidence in the Huangpu Group.

Liu Zhicheng plans to use about five years to establish Whampoa Group's important position in the Hang Seng Index component stocks.

"The second issue is that Hebao will be completely delisted and after merging with Chigo Industry, the new name will be Chigo International."

“The above two tasks were all entrusted to Citibank, which provided financial support.”

"Okay, Mr. Liu."

Hao Qingwen is the happiest today. The tender offer ended yesterday and today he officially takes control of the Huangpu Group.

"Before our tender offer, Shanfeng Investment held 67.7% of the shares. During the tender offer, shareholders believed that our acquisition was a positive, so they only received 5% of the shares, totaling 72.7% of the shares."

"And Hebao acquired the shares at a premium price. We successfully acquired 23.7% of the shares and currently hold a total of 95%."

"Well, that's it." Liu Zhicheng's mind was not on real estate, but mainly to have a basic base for himself so that he could move forward and backward freely: "Director Su, how is the debt and cash flow of Huangpu Group now?"

"Mr. Liu, Huangpu Group currently has a debt of 5.8 million Hong Kong dollars, of which 1.08 million Hong Kong dollars are about to mature. The cash flow is only enough to maintain the company's office expenses and employee salaries." Su Kui replied.

"Hutchison Whampoa's debts also reached hundreds of millions of yuan, but their profits were considerable and it was the only company under Hutchison that maintained a balanced income and expenditure."

Liu Zhicheng tapped the table with his hands, thought for a while and said.

"You guys go negotiate with the creditors first and delay it for now. Manager Hao, please work with Citibank to come up with a financing plan for the Huangpu Group."

"This plan can dilute some of my shares, and I can also use some of the cash to subscribe for some new shares. As for Hebao Company, I will handle it personally."

"Okay, Mr. Liu." Hao Qingwen answered neatly and confidently.

In Liu Zhicheng's mind, he planned to develop the land of Huangpu Group and build rental properties as much as possible to become a land king in Hong Kong.

And Hebao Company will enter a promising field.

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(End of this chapter)