Chapter 548 [Prediction of Real Estate Department Integration]

  Universal Building

  Wu Guangyao is by the window of the office, looking at the opposite side, reluctant to move his eyes for a long time;

  The New World Center has entered the countdown to completion and is expected to open in the summer of 1974;

  At this time, the Burj Al Arab Hotel has entered the decoration stage, and its unique appearance has welcomed media and professionals from all over the world to watch and learn.

  The Harbour City of Wharf is about three years away, and it is expected to open in 1977.

  Harbour City opened in 1976, one year later;

  This is because after Wu Guangyao took over the Wharf, he negated the original plan for five houses;

  So, the plans of these five houses were re-modified and three office buildings were built.

   Fortunately, when Wu Guangyao took over, the construction had just started and no major losses were caused.

  After watching for a while, Wu Guangyao's heart became active again, how to organize his own real estate department and related companies;

  Because it is too large, Wu Guangyao's real estate department has been messy so far.

   Cheung Kong, Wharf, and Hutchison Whampoa (not acquired), three large listed real estate companies;

  Changshi Real Estate is an unlisted real estate company;

   Companies related to real estate include Dairy Company, Qingzhou Yingni, Hongkong Tram, China Bus Company, and Hongkong Electric.

  Five companies related to real estate have a large amount of land reserves, so they also need to consider how to operate;

  Milk company's business can be divided into two parts, one part is the milk company's own business-milk and ice making, and the other part is the land.

  Dairy farms, milk brands, and ice making industry can be incorporated into the Master Kong Beverage and Food Company under Baiyou Group;

  Which of the four major real estate companies should belong to the dairy company's land (0.9 million square feet in Pokfulam and 1.3 million square feet in Causeway Bay) made Wu Guangyao a little hesitant.

  Qingzhou Yingni also needs to be split, cement manufacturing and Hung Hom land (900,000 industrial land);

  Qingzhou Yingni is easy to handle. The cement business continues to maintain its listing status, while the Hung Hom land is sold to Cheung Kong Industrial;

  This land, Wu Guangyao's plan is to be a concentrated area of ​​large industrial buildings, which will be leased to other enterprises at that time.

  Hong Kong Tram, CMB, and Hongkong Electric, these three companies also have large land reserves;

  The land of Hong Kong Tram in Causeway Bay must be built for Times Square, so it belongs to Wharf;

  CMB’s land is planned to be given to Cheung Kong;

  Hong Kong Electric's future North Point old factory and Ap Lei Chau power plant, the land in these two places is super huge;

  Among them, the old North Point factory is about 1 million square feet, and the Ap Lei Chau Power Plant is about 4 million square feet;

  So which of the four major real estate properties belong to these two plots of land?

   is also a headache!

  At the same time, the four major real estate companies (Hutchison Whampoa is not a simple real estate company) are also too complicated. There are hundreds of subsidiaries, large and small;

  This is not conducive to passing it to Wu Xianshuo!

   Therefore, Cheung Kong Holdings, Cheung Kong Properties, Wharf, and Hutchison Whampoa must also form a ‘chain’.

   Thinking of this, Wu Guangyao carefully searched the memory in his mind;

  Previous life, Wu Guangyao likes to read the biographies of the rich on Hong Kong Island, so I want to refer to how Li Chaoren did it?

  At the end of the 1980s, Li Chaoren owned large-scale listed companies: Cheung Kong Holdings, Hutchison Whampoa, Hongkong Electric (Hutchison Whampoa is a major shareholder), Qingzhou Yingni.

  Li Chaoren first spun off the non-electricity business of Hongkong Electric-Jiahong International Group Company. Jiahong bought 23.5% of the shares of Hongkong Electric from Hutchison Whampoa and became the parent company of Hongkong Electric in one fell swoop.

After the reorganization, the shareholding structure of the Cheung Kong Group is approximately: Li Chaoren owns 33.4% of Cheung Kong Holdings, Cheung Kong Holdings owns 36.55% of Hutchison Whampoa and 42.9% Qingzhou Yingni, and Hutchison Whampoa owns 53.8% of Jiahong International. , Jiahong International holds 23.5% of the Hongkong Electric Group; the holding subsidiaries and Sun companies of each group are as many as more than 100.

  According to the reference, Wu Guangyao must bring four large real estate groups and a tie company out;

  Otherwise, Wu Xiansuo is inconvenient to manage.

  Wu Guangyao quickly turned in his mind, and soon came up with a general plan;

  That is the establishment of Jiulong Real Estate, with Jiulong Real Estate as the head office, and controlling the four major real estate groups;

   Wu Guangyao likes Wharf very much. The real reason is the name of Wharf, which pleases himself;

  It can be said that Wu Guangyao’s love for the name surpasses the value of the Wharf Group itself!

  After the reorganization of the Wu family real estate department, the general situation is: the four major real estate groups maintain the listing status of Cheung Kong Holdings and Hutchison Whampoa, while the Wharf Group and Cheung Kong Real Estate chose not to be listed.

  In this way, the four companies, Dairy Company, Hongkong Electric, Qingzhou Yingni, and China Pakistan, will all be developed by Cheung Kong.

  The land of the Hong Kong Tramway was developed into Times Square and incorporated into the Wharf Group.

  In fact, Wu Guangyao does not want to privatize the Wharf Group;

  The general reason for privatizing listed companies is basically that they are underestimated;

  The Wharf Group is undervalued by Hong Kong Island investors, which is very unfavorable to the company’s financing and investment;

   Therefore, Wu Guangyao decided to privatize the Wharf Group!

  To put it simply, I wanted to bring the people of Hong Kong Island to make a fortune, but everyone underestimated themselves;

  The consequence is that if you post this talent alone, no one should think about it!

  While Wu Guangyao was thinking, the office was knocked on;

  Wu Guangyao waved away the thoughts in his mind, and planned to discuss the specific plan with his family office after the acquisition of Hutchison International;

  And now this idea of ​​my own is just a preliminary plan!

"Come in!"

  The office door was opened, and He Yuanzhang and his assistant Wu Xianshuo came in.

  Wu Guangyao asked: "You two just came back from Europe?"

  He Yuanzhang smiled and nodded, and answered ‘yes’.

  Wu Guangyao looked at the expressions and clothes of the two, and said, "Have you not gone home to rest?"

  He Yuanzhang said: "Well, I am planning to come to the company if it is too early to get off work. I originally asked Xianshuo to go home and have a rest, so he has to follow him to the company!"

  Wu Guangyao invited the two to sit down, and the staff served hot tea for them.

  "What do those European and American oil companies say? Are you still willing to lease our oil tankers?"

  Wu Guangyao pumped the tanker this time, naturally it is easy to lose some customers;

   But then, Global Shipping came to the door with oil again, and naturally it was able to regain a good impression.

  Although this oil is more expensive, but now when there is a price and no stock, everyone naturally needs it.

  He Yuanzhang said: "The overall situation is okay, everyone is interested in continuing to cooperate! However, it is difficult to import oil now, and the use of ships is naturally reduced. The overall business is expected to drop by 30%!"

  Wu Guangyao knows that because his fleet is too large, the downward trend in shipping will definitely be stronger than others.

  Fortunately, Global Shipping has no debts, and shareholders will also bring sufficient profits;

  So, even if the business drops by 70% immediately, everyone can accept it;

  To put it bluntly, I just made enough!

  Wu Guangyao said: “Then hurry up and sell the ship! The price should be low, don’t be verbose, don’t care about it!”

  Since the decision to reduce the ship, Wu Guangyao will never keep the ship in his hands because of the price of the second-hand ship.

  He Yuanzhang said seriously: "Well, I know! After all, we sell small boats, and our customers are probably all developing countries."

  Wu Xianshuo listened to the discussion between his father and his boss, but did not speak;

  For myself, I have just entered this field, and it is far from the time to speak.

  Wu Xianshuo’s refusal to speak does not mean that Wu Guangyao does not care about him.

Wu Guangyao said to Wu Xianshuo: "The shipping industry is arduous and complicated, and the risks are high. Operators must have broad knowledge. In addition to professional skills, they must also understand world politics, climate, economy, and laws. All shipping professionals have the ability to serve as local heads or prime ministers of a country. I put you in the Global Group because I hope you can learn real skills; you can manage the Global Group well, let alone other companies."

  Wu Xianshuo was shocked, but he did not expect his father to set the shipping industry so high!

  Even He Yuanzhang is not surprised!

  Both of them are smart people, and they soon want to understand the truth;

  What the father/boss said, it was decided that the words were true, not to exalt themselves;

  The local head or the prime minister of a country may not even have the vision and management of the father/boss.

  Wu Xianshuo nodded heavily, and said: "What my father said is that during the period with the president, I realized that I can't keep up with the pace and thinking of the president at all!"

  He Yuanzhang is about to praise Wu Xianshuo, and Wu Guangyao preemptively said: “It’s good to know! Now that you have reached this position, you must adapt as soon as possible and make your own contribution!”

   Wu Xianshuo said: "Well, I will work hard!"

  He Yuanzhang only knew at this time that the boss had a great desire for his eldest son, so the requirements were so strict.

  He Yuanzhang also knows that the boss may hand over the Universal Group and the Real Estate Department to the eldest son;

  After all, some ordinary conversations can still find some clues.

  He Yuanzhang really guessed right, Wu Guangyao actually intends to hand over the Universal Group and the Real Estate Department to Wu Xianshuo;

  Wu Xianyi has an unconstrained personality, but Wu Guangyao intends to hand over the Oriental Media Group to him;

  As for other industries, there is no plan yet;

  After all, there is Wu Xiancheng, who has not grown up yet.

  With Wu Guangyao’s body, he can even support several grandsons in the upper ranks;

  The premise is to let yourself see ability and hope!

  (End of this chapter)