Chapter 582【Jiahong Real Estate】

  The time passed quickly, and soon came 1976;

  This year is the most critical year for the Chinese, and the ten-year catastrophe is about to end.

  In January, the companies under the Wu family began to get busy, making statistics on the operating data of the entire year last year;

  Executives also know that every year the boss will hold a high-level meeting at this time;

   is not only a summary of last year's work, but also an outlook for the new year!

  In mid-January, Wu Guangyao's first stop came to the Hongkong Electric Group.

  In the conference room, there are four more Chinese faces compared to when Wu Guangyao first joined the Hongkong Electric;

  Independent director Xue Tianming (holding in the family office), Hongkong Electric Co., Ltd. CEO Yang Sheng, Fortress Electric Wu Lie, and Wu Guangyao, a real estate expert just transferred from Cheung Kong, Wu Zelin.

   Martin looked at a Chinese face, and his heart jumped. It seemed that his boss had to join the Chinese executives again;

   However, at this time Martin no longer had to fight Wu Guangyao in his heart, and he had already met Bole like a Chollima;

  Although Martin is still the president, he has been upgraded to the group president at this time;

  This is naturally also due to the Hongkong Electric Co., Ltd., which has also been upgraded to the Hongkong Electric Group;

  At this time, the Hongkong Electric Group has three subsidiaries, namely, the Hongkong Electric Co., Ltd., the Hongkong Electric Co., Ltd., and Fortress Electric.

  At the beginning of the meeting, the heads of companies and departments reported on the situation in the past year;

  After listening to the report from the senior management, Wu Guangyao encouraged him a lot and hoped that everyone will continue to work hard.

   Wu Guangyao said: “The North Point Power Plant is expected to be phased out in the second half of this year?”

   Martin replied: “The fourth phase of the Ap Lei Chau Power Plant is expected to be put into operation in another year; therefore, to ensure no accidents, the North Point Power Plant should be completely phased out after one and a half years!”

   Since the establishment of Hong Kong Electric Light Company, the power plant has experienced three generations:

The first generation power plant, located on Star Street in Wan Chai, had an initial capacity of 100 kilowatts. Except for Central, the area of ​​Sun Street, Moon Street, Star Street, Guangming Street and Electric Street is the first area to have electricity supply. Star Street generates electricity. The factory was demolished in 1922.

  The second-generation power plant, located in Fortress Hill, North Point, initially generated 3,000 kilowatts of electricity and was commissioned in 1919. The North Point Power Plant was destroyed during World War II, and it has been in operation since it was repaired after the Second World War.

The third-generation power plant is located in Ap Lei Chau at the southern end of the island. At the beginning, as the island’s electricity continued to increase, under the advice of Wu Guangyao, in 1966, the Hongkong Electric built a fully computerized power plant in Ap Lei Chau. Fuel-fired power generation; currently the first three phases of the project have been put into use, and the fourth phase of the project is nearing completion.

  As for the power plant on Lamma Island, it has been approved by the Hong Kong government last year and has now entered the construction phase of the leveling project;

  The Lamma Island power plant should naturally belong to the fourth-generation power plant.

   Hearing that the North Point Power Plant still needs one and a half years to be demolished, Wu Guangyao briefly thought about it;

As early as 1965, Wu Guangyao reminded the Hong Kong Electric Co., Ltd. that the island’s electricity was increasing and new power plants were needed to replace the North Point Power Plant. It was decided to build and invest in the Ap Lei Chau Power Plant in 1966.

  At the beginning, Wu Guangyao had already considered that he would take down the Hongkong Electric Company, so he asked the Hongkong Electric Company to build a new power plant in advance, which will happen to coincide with his own real estate project-the North Point Power Plant site in the future.

  There are two reasons why Wu Guangyao asked Hongkong Electric to build the Ap Lei Chau Power Plant two years earlier than the original history:

  First, although most of his factories are located in Kowloon, they use electricity from China Light and Power Company; but on this island, Wu Guangyao’s high-end office buildings are also big electricity users, so make preparations in advance.

Second, the land of the North Point Power Plant should be developed before 1978 and sold in 1979. Although the house price was the most expensive in 1981, it must be divided into several phases in consideration of market demand; it is always impossible. , To sell all the residential buildings of a large housing estate in one year is really extremely risky.

  Wu Guangyao said: "Well, follow your progress!"

  There is no word for the company to speed up the pace, because one and a half years is also within the scope of Wu Guangyao's thinking;

Then Wu Guangyao said: "I told you at the beginning that the Hongkong Electric Group is a company with very stable income, so we must be moving in the direction of diversified development. Therefore, the Hongkong Electric Group immediately established a subsidiary named Jiahong Real Estate. ; This is Wu Zelin, the CEO of Jiahong Real Estate."

  Everyone turned their eyes to the direction Wu Guangyao pointed out, and thought in their hearts that they were another Chinese executive!

  It is true that Wu Guangyao has kept the promise he made during the acquisition, that is, the management of Hongkong Electric will still not change;

  But, this boss is too cunning!

  The Hongkong Electric’s management could not move, so it madly established a subsidiary company, and then all the Chinese executives were used.

  Of course, the high-level ghosts of the Hongkong Electric Co., Ltd. have no opinion;

  Because these established subsidiaries have newly developed businesses;

  Importantly, these subsidiaries have very promising development prospects and inject vitality into the entire group!

The Hong Kong Electric Power Association Project: In the past year or so, it has developed rapidly, with as many as 820 employees; it has undertaken a large number of electrical transformations and electrical installations for communities, streets, businesses, etc.; I have to admire that this electrical project is so promising , Was discovered by the boss.

Fortress Electric Company: In the past year or so, it has made full use of the payment hall to sell the electrical appliances of the agent; that is, it saves the rental fee of the store, and uses the flow of people in the payment hall to promote the sales of electrical appliances. It kills two birds with one stone; the important thing is to earn Take a lot of profits.

  As for this real estate company, everyone has no opinion;

  People living on Hong Kong Island, who don’t know that real estate makes money, and they still make big money;

  Nowadays, there are ‘real estate tycoons’ who lead shareholders to make big money together. Just ask, who would express different opinions.

  Martin took the lead in applause, and then a group of ghosts applauded.

Wu Zelin introduced himself: "Hello everyone! I used to work for Cheung Kong, just a middle-level employee; now I have come to the Hong Kong Electric Group, a century-old enterprise, and I am honored that I will bring maximum profits to the group company and shareholders. ."

  A middle-level cadre of Cheung Kong Holdings is good enough to be the CEO of any real estate company. After all, he is a person who has gone through a big scene.

Martin said: "The Hongkong Electric Group has always suffered from no real estate professionals. Now that President Wu Zelin has joined, this is no longer a problem! Boss, I suggest that you spend a certain amount of money to buy some land to build Jiahong Real Estate. To become a real real estate company, not just to develop the North Point land and the future Ap Lei Chau land."

  Sure enough, it is Hong Kong Island, everyone wants to develop real estate!

  As the major shareholder and master of Hong Kong Island, Wu Guangyao must naturally consider it for shareholders.

   Therefore, Jiahong Real Estate really wants to develop a real estate company and become its fifth real estate company. Naturally, there is no need to force its scale.

  Now that there is a high-tech industrial park in Tin Shui Wai and a large number of industrial buildings under the Wu family, Wu Guangyao is not worried about the disappearance of industries on Hong Kong Island;

  So, what real estate should develop is to develop!

  Otherwise, this money will be earned by others!

   "President Martin is right. Our management is to earn greater benefits for shareholders. This is the foundation of listed companies!" Wu Guangyao said.

  This is also the reason for making money together!

  Why the stocks of Wu Guangyao's listed companies are sought after by investors;

  Because the investors have obtained substantial benefits!

  The opposite representative is Wheelock stock, which is known as the ‘Blue Lantern’.

  What is "Blue Lantern"?

  Traditional Chinese customs. Whenever there is a festive event, there must be lanterns and bright red lanterns;

  And only hang blue lanterns during funerals;

  It turns out that Wheelock’s stock has always risen the latest in the previous wave of stock market rises;

  When the rising wave of blue-chip stocks such as HSBC, Jardine, Swire, and Hutchison came to an end, Wheelock started slowly;

  Experienced investors, as soon as Wheelock’s stock has risen, they know that the day of the stock market downturn is coming;

  So, Wheelock's stock became a ‘blue lantern’—a signal that the stock market was ‘finished’.

  Of course, the reason why Wheelock has such a poor performance is also because Wheelock’s style is very poor;

  Wheelock's parent company, likes to take advantage of the subsidiary (listed), resulting in damage to the interests of shareholders;

   Therefore, shareholders are not very happy with Wheelock and a series of listed companies;

  Winner, Wheelock is the only listed company on Hong Kong Island that has successfully issued B shares. The par value of B shares is only one-tenth of that of A shares, but it enjoys the same voting rights as A shares;

  And the one who holds the most B shares is naturally the Madden family!

   Therefore, the stocks of Wheelock's first series are really tasteless.

  (End of this chapter)