I want to be a giant of Hong Kong Island

Chapter 550 [Prediction of Integration of Real Estate Department]

Universal Building
Wu Guangyao was by the window of the office, looking at the opposite side, refusing 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 vacation of 1974;
At this time, the sailing hotel has entered the decoration stage, and its unique appearance has attracted media and professionals from all over the world to watch and study.

The Harbor City of Wharf will take about three years, and it is expected to open in 1977.

Harbor City opened a year later than originally scheduled in 1976;
This is because after Wu Guangyao took over Wharf, he denied the original plan of five residential buildings;

Therefore, the plans of these five residential buildings were revised 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 mind became active again, how to organize his real estate department and related companies;

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

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

Cheung Kong Real Estate is an unlisted real estate company;
Companies related to real estate include Milk Company, Qingzhou Yingni, Hong Kong Tramways, China Bus Company, and Hong Kong Electric.

The five real estate-related companies also need to consider how to operate because they have a large amount of land reserves;
The milk company's business can be split 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 industries can be included in Master Kong Beverage and Food Company under Baiyou Group;
As for which of the four major real estate companies should belong to the dairy company's land (90 square feet in Pok Fu Lam and 130 million square feet in Causeway Bay), Wu Guangyao was a little hesitant.

Qingzhou British Clay also needs to be split, cement manufacturing and Hung Hom land (90 industrial land);

Qingzhou British Cement was handled very well, the cement business continued to maintain its listing status, and the Hung Hom land was sold to Cheung Kong;

Wu Guangyao's plan for this piece of land is that it will be a place where large-scale industrial buildings are concentrated, and it will be leased to other companies of his own at that time.

Hong Kong Tramways, CMB, and Hongkong Electric, these three companies also have a large amount of land reserves;

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

The land of CMB is planned to be given to Cheung Kong;

Hong Kong Electric's future North Point old factory and Ap Lei Chau Power Plant have huge land areas;

Among them, the old factory in North Point has about 100 million square feet, and the Ap Lei Chau power plant is nearly 400 million square feet;

So which of the four real estates does these two pieces of land belong to?

It 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, with hundreds of subsidiaries, large and small;

This is not conducive to passing it on to Wu Xianshuo!

Therefore, Cheung Kong, Cheung Kong, Wharf, and Hutchison must also form a 'chain'.

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

In his previous life, Wu Guangyao liked to read the biographies of rich people in Hong Kong Island, so he wanted to refer to how Li Chaoren did it?

At the end of the 80s, Li Chaoren owned large listed companies: Cheung Kong, Hutchison Whampoa, Hong Kong Electric (Hutchison Whampoa is the major shareholder), and Qingzhou Yingni.

Li Chaoren first spun off and listed the non-electric business of Hong Kong Electric - Jiahong International Group Company, and Jiahong purchased 23.5% of HK Electric's shares from Hutchison Whampoa, becoming the parent company of HK Electric in one fell swoop.

The shareholding structure of the Changjiang Industrial Group after the reorganization is roughly: Li Chaoren holds 33.4% of the shares of Cheung Kong Industrial, Cheung Kong Holdings holds 36.55% of Hutchison Whampoa and 42.9% of Qingzhou British Clay, and Hutchison Whampoa holds 53.8% of Jiahong International , Jiahong International holds 23.5% of Hong Kong Electric Group; there are more than a hundred holding subsidiaries and sub companies of each group.

According to the reference, Wu Guangyao must create a joint company from the four large real estate groups;
Otherwise, it would be inconvenient for Wu Xianshuo to manage.

Wu Guangyao's mind turned quickly, and soon he came up with a rough plan;

That is to establish Jiulong Real Estate, with Jiulong Real Estate as the head office, holding four major real estate groups;
Wu Guangyao likes Wharf very much, the real reason is the name of Wharf, which pleases him very much;

It can be said that Wu Guangyao loves this name more than the value of Wharf Group itself!
After the reorganization of the real estate department of the Wu family, the general situation is: the four major real estate groups maintain the listing status of Cheung Kong and Hutchison Whampoa, while Wharf Group and Cheung Kong Real Estate have chosen not to be listed.

In this way, the land of these four companies, Milk Company, Hongkong Electric, Qingzhou Yingni, and China-Pakistan Company, will all be handed over to Changjiang Industrial for development.

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

In fact, Wu Guangyao did not want to privatize Wharf;
The general reason for privatizing listed companies is basically that they feel that they are undervalued;
Wharf was underestimated by shareholders in Hong Kong Island, which was very unfavorable for the company's financing and investment;
That's why Wu Guangyao decided to privatize Wharf!
To put it simply, I wanted to make a fortune with the citizens of Hong Kong Island, but everyone underestimated me;
Then the consequence is that if you send this talent alone, no one will think about it!

While Wu Guangyao was thinking, someone knocked on the office;
Wu Guangyao shook off the thoughts in his head, and planned to discuss the specific plan with his family office after the acquisition of Hutchison & Co.;
And now this idea of ​​mine is just a preliminary plan!
"Come in!"

The door of the office was opened, and it was He Yuanzhang and his assistant Wu Xianshuo who entered.

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

He Yuanzhang nodded with a smile and answered 'yes'.

Wu Guangyao looked at the expressions and clothes of the two, and said, "Did you go home and rest?"

He Yuanzhang said: "Well, seeing that it's still early before get off work, I plan to come to the company. I originally asked Xianshuo to go home and have a rest first, but he insisted on coming to the company too!"

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

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

Wu Guangyao's transfer of oil tankers this time will naturally easily lose some customers;
But then, Global Shipping came to the door with oil again, and naturally it can regain its favor.

Although this oil is relatively expensive, but now is the time when the price is out of stock, everyone naturally needs it.

He Yuanzhang said: "The overall situation is good, and everyone intends to continue to cooperate! However, now that oil imports are difficult, the use of ships will naturally be greatly reduced. The overall business is expected to drop by 30%!"

Wu Guangyao knows that because his own fleet is too large, the downward trend of shipping will definitely be more severe than others.

Fortunately, Global Shipping has no debt and has brought sufficient profits to shareholders;
Therefore, even if the business drops by 70% immediately, everyone can accept it;
To put it bluntly, it is enough to earn!
Wu Guangyao said: "Then hurry up and sell the boat! The price should be low, don't be verbose, and don't haggle over every detail!"

Now that he has decided 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 see! After all, we sell small boats, and the customers are probably some 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 silence does not mean that Wu Guangyao doesn't care about him.

Wu Guangyao said to Wu Xianshuo: "The shipping industry is heavy and complicated, and the risk is high. Operators must have a broad range of knowledge. In addition to professional skills, they must also understand world politics, climate, economy, and laws. They must be patient with perseverance. I Putting you in the Universal Group is to hope that you will learn the real skills; if you can manage the Universal Group well, then other companies will not be a problem.”

Wu Xianshuo was shocked, he didn't expect his father to set the shipping industry so high!
Even He Yuanzhang was not surprised!
Both of them are smart people, and they quickly figured out the truth;

What the father/boss said is absolutely true, not to exaggerate himself;
Wu Xianshuo nodded heavily, and said: "What my father said is that during the days I followed the president, I realized that I couldn't keep up with the rhythm and thinking of the president at all!"

He Yuanzhang was about to praise Wu Xianshuo, but Wu Guangyao said first: "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!"

Only then did He Yuanzhang know that the boss had placed a lot on his eldest son, that's why the requirements were so strict.

He Yuanzhang also knew that the boss might hand over the Universal Group and the real estate department to his eldest son;

After all, some clues can still be found in ordinary conversations.

He Yuanzhang really guessed right, Wu Guangyao actually planned to hand over the Universal Group and the real estate department to Wu Xianshuo;

Wu Xianyi has an eclectic personality, while 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 still Wu Xiancheng, who hasn't grown up yet.

With Wu Guangyao's body, he can even support several grandsons to the top;

The premise is to let yourself see ability and hope!

(End of this chapter)