We're building a super chaebol in Hong Kong

Today's stock market has closed, but the news of Su Cheng becoming the second largest shareholder of Wharf, and the news from the stock market, has not stopped.

Even though the newspapers haven't reported this matter yet, basically all Hong Kong citizens have heard about it to some extent. People are discussing this matter everywhere, on the streets and in the alleys.

Through the intentional or unintentional disclosure of details about Su Cheng's purchase of Wharf shares by relevant personnel, many people quickly learned that Su Cheng used 500 million Hong Kong dollars to purchase these 29.87% of Wharf's shares.

It can be said that Jardine Matheson and Hongkong Land sold the shares to Su Cheng at a very loss-making price.

But the funny thing is, after the news of Jardine Matheson selling the shares spread, the stock price rose four or five times in just half a day.

Now, the shareholders holding Wharf shares have made a lot of money.

In comparison, Jardine Matheson seems like a clown in this matter, which is quite hilarious.

Many shareholders are discussing this, and Jardine Matheson's taipan, Newbigging, has naturally become the protagonist of the discussion, after all, Newbigging is also a protagonist in this transaction.

This is definitely another victory for Chinese businessmen.

The changes in the stock market naturally also reached Newbigging's ears.

Hearing this news, Newbigging almost vomited blood in anger.

Does Newbigging regret selling Wharf shares?

To be honest, he actually regrets it quite a bit.

However, the current situation forces him to face the facts. Selling Wharf shares is the best choice.

As for the surge in Wharf's stock price, he understands it very well. The rise is not due to Wharf itself, but due to Su Cheng, the recognized world's richest man.

What Newbigging regrets is why he sold all the shares in the first place.

It would have been good to keep a few percentage points of the shares, so that he could have made a lot of money at this time.

Unfortunately, there is no regret medicine in the world. Once sold, it's sold, and he can't go back on it.

However, after this incident, Newbigging's authority in Jardine Matheson has plummeted. This is definitely a very dark day in his career. Even the defeat in the Wharf competition back then wasn't this embarrassing.

After saying goodbye to the big shots, Su Cheng chatted with Y.K. Pao in the Wharf headquarters office for a long time.

The topic of their conversation was nothing more than Y.K. Pao talking to Su Cheng about his development plan for Wharf in the future.

Wharf's future development will focus on the real estate industry.

Su Cheng naturally fully supports this.

In the following decades, Wharf's development in the real estate industry was quite good.

After all, it itself owns a lot of land in Hong Kong, giving it an innate advantage in developing the real estate industry.

Su Cheng very much agrees with Y.K. Pao's future development plan for Wharf, so he didn't interfere too much.

He also doesn't plan to participate in Wharf's management. Of course, it is still necessary to send a financial officer to supervise.

After all, Su Cheng has invested 500 million Hong Kong dollars of real money in Wharf. The supervision that should be done still needs to be done.

Su Cheng trusts Y.K. Pao, but not necessarily his subordinates.

In the future, 30% of the profits generated by the Wharf Group will belong to Su Cheng.

Therefore, Su Cheng naturally needs to keep a close eye on it.

Therefore, it is naturally better to have someone supervise, otherwise, he, the second largest shareholder, would have too little presence.

In the future, Wharf will definitely bring him a lot of profit dividends, which has been proven in another world.

In the decades to come, Wharf made a lot of money in the real estate industry.

After chatting with Y.K. Pao, Y.K. Pao personally took him on a tour of the Wharf freight terminal.

The terminal business here has been compressed a lot by the Kwai Chung terminal.

This used to be the largest freight terminal in Hong Kong.

But with the advancement of the times, the terminal business here is destined to be eliminated.

Moreover, on one side of the terminal, the future Harbour City is already under construction.

According to Y.K. Pao, Harbour City will be built in stages, and the freight terminal business will be gradually eliminated. In the end, the location of the Wharf freight terminal will completely become a commercial landmark.

After all, the Wharf terminal is located at the southernmost tip of the Kowloon Peninsula, in the most core area of Victoria Harbour, facing directly the Central district of Hong Kong Island on the opposite side. If such a place is built, it will definitely become another commercial landmark building in Hong Kong.

At that time, relying on shop rentals, it will be able to bring a lot of rental income to Wharf every year.

Therefore, Wharf's biggest project at present, developing Harbour City, is something Su Cheng wholeheartedly agrees with.

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These are not things that Y.K. Pao started doing after taking office, but things that the original Wharf management team was already doing.

There is nothing wrong with the development plan. After Y.K. Pao took over, he also very much agreed with their development concept, so he inherited the original Harbour City plan.

It is precisely because of this that the original Wharf management team was not kicked out by Y.K. Pao after he took over, but was retained.

Next, he only needs to send a professional financial specialist from Tianyuan Investment Company to take office at Wharf, and he can leave the affairs there alone.

Before Harbour City is successfully developed, Wharf's main income is the rental of various properties. Only renting and not selling is also the reason why Wharf's assets are very high but its revenue is not high.

Because of this, Wharf's current profits are not high. This is also the reason why Wharf's assets are so good, but its previous stock price was so low. Sometimes, the financial statements even show losses.

Of course, even if Wharf loses money, it does not require Su Cheng, the shareholder, to invest in it.

With the current situation of Wharf Group, if there is really a shortage of money on the books, it can issue corporate bonds. At that time, the problem of lack of money will naturally be easily solved.

Of course, it is also difficult for Wharf, managed by Y.K. Pao, to reach the point where it has to issue corporate bonds.

During the day, Su Cheng is almost always outside dealing with Wharf's affairs. By the time he returns home, it is already evening.

Amei and Ajiao saw Su Cheng coming back and quickly instructed the kitchen to prepare dinner for Su Cheng.

Ajiao and Amei, Su Cheng usually does not plan to take them out to work. Their positions are more similar to the concubine maids of ancient times.

After a busy day, Su Cheng was also a little tired.

After a hasty dinner, he went back to the third floor to enjoy their massage services.