I want to be a giant of Hong Kong Island

Chapter 478 [The expansion of Wharf! 】

Wu Guangyao convened a board meeting of the Wharf Group, but Henry Keswick did not come, and Niu Bijian became the head of the Jardine Department;

Wu Guangyao was not polite at all, and directly announced on the spot that Jardine Matheson would only retain two directors, while Wu Guangyao's family would increase to five;
Ignoring Niu Bijian's angry expression, he fired several senior executives of Jardine Matheson on the spot and replaced them with the management of the Changjiang Department.

"Chairman Wu, if you do this, it will look too ugly!" Niu Bijian said in a deep voice.

Wu Guangyao smiled and said, "Mr. Niu Bijian, when Jardine Matheson held Wharf, it was this lineup; now my Wu family controls Wharf, why can't it be this lineup?"

Niu Bijian said: "Those executives have made great contributions to the development of Wharf Group. You can decide their fate with a single word. This is very different from your reputation in the outside world."

There is something in Niu Bijian's words, which means that Wu Guangyao's reputation in Hong Kong Island is deliberately managed, and it can also be said that Wu Guangyao is good at making superficial articles!

Wu Guangyao was still not annoyed after hearing this, and continued to say gently: "I had no intention of dismissing them, but during this period of time, their actions disappointed me; in less than ten days, the Wharf Group was in chaos. Instead of stabilizing the company, these executives formed cliques everywhere; may I ask, do they really intend to stay in Wharf and work with us?"

At this moment in the conference room, the dismissed people were still there, and they looked at Wu Guangyao one after another, but they were all defeated by Wu Guangyao's righteous eyes. Guilt is the way to describe these people.

Wu Guangyao continued: "I didn't deny everyone, and I left behind a lot of management who are outstanding and sincerely consider for the company; Wharf Group will be an open company, as long as you have the ability and sense of responsibility, naturally Can stay in the original position, and even get a promotion and salary increase!"

New Bijian finally had nothing to say!
The point is, at this time, Wu Guangyao of Wharf can completely keep his word, and there is no need to discuss anything with Matheson;
After all, it is a major shareholder with 49% of the shares, which is much higher than the shares when the Jardines controlled it!

Next, Wu Guangyao re-appointed a group of management, and Shi Jun became the general manager and executive director of Wharf.

After the meeting, Wu Guangyao came to inspect the construction site in Harbor City wearing a safety helmet, and Wu Guangyao frowned after walking around;

Shi Jun asked tentatively: "The boss is not satisfied with this construction period?"

Sure enough, after following Wu Guangyao for a long time, these courtiers can know what the boss wants to express from a small movement of their boss.

Wu Guangyao said: "Well, do you think if Harbor City could be completed in 1976!"

Shi Jun said: "If you don't consider the problem of funds, there is no problem; but now Wharf Group's debt is [-] million Hong Kong dollars, and the construction cost of Harbor City is fully supported by the rent of Ocean Terminal and warehouses. It is already the limit!"

Wu Guangyao naturally knew these reasons, otherwise, why would Jardine Matheson limit the total period of the third phase of the project to ten years!
Wu Guangyao said: "Then borrow a lot of debt. I don't want Wharf to have a high market value in the past few years. Do you know what I mean?"

A 'debt-heavy' company, coupled with the stock market crash, isn't it a good time to privatize Wharf?
Shi Jun nodded and said: "Well, then the construction period of the Harbor City is still three phases, and it will be completed by the end of 1976! Then increase the construction cost of the Harbor City, and the buildings will be more 'beautiful'!"

Wu Guangyao patted Shi Jun on the shoulder, full of encouragement;

Now that the decision has been made to privatize, it is natural to build something more beautiful!
And now that we have borrowed a lot of debt, it just so happens that we don't need to pay dividends from stocks all the time, and everyone can repay the debt together.

HSBC, Sandas offices.

Wu Guangyao leaned on the sofa relaxedly, looked at Sanders and said, "It seems that you have the hope of becoming the longest-serving executive of HSBC!"

Sandas said with a smile: "Probably so! At present, there is still hope to hold this position for a few more years. But don't worry, whether I am in this position or someone else is in this position, HSBC is your firm support." ally!"

Wu Guangyao nodded when he heard the words, he naturally hoped that HSBC would become his shield;
For HSBC, it is more to help itself resist the pressure from the British mainland and the Hong Kong government;
But in terms of the strength of the consortium, several HSBCs are not comparable to Wu Guangyao's consortium.

"By the way! Will Shen Bi be your next successor?"

"Maybe! But no one can be sure about this kind of thing until the last moment."

Since Sandas said it was possible, in fact Shen Bi has become the next top class trained within HSBC!

In the previous life, Sandas resigned from the HSBC Taipan in 1977, and it was Shen Bi who took over!
"You are here this time, you are not here to inquire about our internal news at HSBC, are you?" Sandas joked.

"Of course not, Wharf wants to borrow 2 million Hong Kong dollars from HSBC!" Wu Guangyao said.

Sanders didn't bother about Wharf's financial situation, and agreed straight away: "Yes! You seldom get loans from HSBC now, so naturally we won't refuse!"

After Wharf borrowed 2 million Hong Kong dollars from HSBC, it immediately spent 7500 million Hong Kong dollars in cash to acquire 25% of Hong Kong tram shares from Wu Guangyao himself;
In addition to the original 10% shares owned by Wharf, Wharf owns 35% of Hong Kong Tramways, and has become the absolute major shareholder of Tramways.

When the transaction of Wharf and Ng Kuan Yew was made public, the citizens of Hong Kong Island once again flocked to speculate on the stock of Hong Kong Tramways;

First came the Milk Company, and then the Wharf Group. Everyone was already familiar with it, and when there was a little trouble, they thought that Wu Guangyao was going to attack the British-owned company.

Not only that, after the acquisition of Milk Company and Wharf Group, the Hang Seng Index has reached 500 points;

Compared with the low point in August 1967, the Hang Seng Index rose nearly ten times!
It is conceivable how popular the Hong Kong Island speculation is at this time.

In the name of the major shareholder, Wu Guangyao convened a board meeting of Hong Kong Tramways.

At the meeting, Xue Mingli, president of Tramways, took the lead to ask: "Mr. Wu, do you need to explain Wharf's motivation for acquiring shares in Hong Kong Tramways?"

The Hong Kong Tramway Group is a public company with dispersed shares, so the power is naturally concentrated on the management headed by Xue Mingli, and the power of the board of directors is naturally relatively small.

Then, the motivation of Wharf to acquire 35% shares of Hong Kong Tramways is naturally very important to the management of Hong Kong Tramways!

Wu Guangyao said with a smile: "Don't worry! Wharf Group has no intention of taking over the Hong Kong Tramway Company for the time being, and you can continue to serve Hong Kong citizens. As for the motive for the acquisition, it is just a simple long-term investment project, so you don't have to worry too much; at the same time, we don't We will intervene in the specific operation of Hong Kong Tramways, but we need to reorganize the board of directors, and we hope you will support us!"

When Xue Mingli heard this, he suddenly felt that although Wharf did not participate in the operation of the tram, wouldn't the reorganization of the board of directors be equivalent to making an overlord on the head of his group?

However, Wharf Group, as a major shareholder, naturally has the right to do so;
In addition, the management team didn't want to wrestle with Wu Guangyao, who was in the limelight, so they had no choice but to cooperate.

Seeing the cooperation of the management team, Wu Guangyao secretly nodded;

The role of the tram company to Wu Guangyao is to contribute land, among which the land in Causeway Bay is the most important;
As for the tram business, Wu Guangyao didn't care at all.

Therefore, when the stock market crash comes, Wu Guangyao will privatize the tram company, and then spin off the business and assets;

The time is right, the tram company will go public again, and the land reserve of the newly listed company will naturally be gone!
Seeing that Wu Guangyao reached an agreement with the management of the tram company, the shares of the tram company, which had been fired at a high price, naturally began to plummet immediately;
Undoubtedly, Wu Guangyao's behavior has disappointed the shareholders!
Don't these people know how they can spend a lot of money to make those speculators cheaper!
Wouldn't it be nice for him to control and privatize these companies when the market is down?

(End of this chapter)