I want to be a giant of Hong Kong Island

Chapter 557 [New Hutchison Group! 】

After Wu Guangyao took over the Hutchison Co., Ltd., he knew that the Hutchison Group was different from the group company he had cultivated step by step;
Most of the management of Hutchison Group are ghosts, and the business is extremely complicated;

Therefore, Wu Guangyao decisively promoted business director Xia Boyin (British nationality), political affairs director Wei Peter (British nationality), and chief executive Wei Li to form the Big Three of Hutchison Group.

Wu Guangyao summoned the three giants of the Hutchison Group to teach them face-to-face!

"First, what the Hutchison Group has to do is to lose weight, sell and disband some loss-making enterprises and departments; the three of you should sort out information about all companies in the Hutchison Group as soon as possible, the more detailed the better; at that time, I will hold a meeting Board and high-level meetings to discuss which companies should stay, which companies should be sold or dissolved, and which companies should be strengthened."

"Second, appease the hearts of the people in the company. Once anyone makes trouble, he must be dealt with or fired immediately; if there are too many troubles, I will immediately privatize the Hutchison Group."

When the three of them heard this, their hearts suddenly became bitter!

I thought to myself, can I still play like this?

If this person really privatizes the Hutchison Group, I am afraid that the entire management of the Hutchison Group will be fired;
For this taipan, the fixed assets of the Hutchison Group are probably what he values ​​most!

Thinking of this, the three secretly decided in their hearts that they must not let the company's management make a fuss!
Wei Li took the lead to say: "Don't worry, Mr. Wu, the three of us will never let the management of Hutchison Group fluctuate."

Wu Guangyao nodded, and waved the three of them off to work!
To be honest, Wu Guangyao really wanted the foreigner management of Hutchison Group to make a fuss and give himself some color;
Why don't you want to find a reason to directly privatize Hutchison?
Anyway, what I fancy are those lands, ports, and Watsons!

Three weeks later, Hutchison Group held a board and high-level meeting.

Qi Dezun got out of the car, looked at the huge signboard on the Hutchison Building, and felt bitter;

After a long time, Qi Dezun withdrew his gaze and muttered, "I hope they will be merciful!"

Qi Dezun strode into the Hutchison Building, and some Hutchison staff greeted him one after another, which made Qi Dezun feel better!
However, thinking of the recent rumors on Hong Kong Island, Qi Dezun became bitter again;
At this moment in the Hutchison Group, I am afraid no one would dare to compete with the new Taipan!

Anyone who wants to make a fuss will be fired!

Everyone is making trouble, directly privatize Hutchison Group!

In this way, everyone naturally dare not make trouble!
Pack up your mood, and Qi Dezun walked into the familiar group meeting room!
In the conference room, everyone greeted Qi Dezun one after another, even Wu Guangyao got up and greeted him.

After some greetings, everyone sat down.

Wu Guangyao first said: "Everyone has read the meeting materials in advance, and today everyone will decide the fate of these companies! For the companies I read, everyone can give reasons for staying; if no one raises a reason, immediately decide to sell or Disband it; if the dispute is serious, vote with a show of hands. Finally, I will use one vote to decide today, and I hope everyone will carefully consider the purpose of today's meeting!"

Qi Dezun's face changed, and he thought Wu Guangyao's last words were a warning to himself not to disturb today's meeting!

As for Wu Guangyao's so-called one-vote decision-making power, Qi Dezun has never heard of it;
But he knew that everyone would definitely support Wu Guangyao if it was based on voting rights.

After three days, the fate of more than 200 companies has finally been decided!
In the end, Hutchison Group only left 128 companies, and the remaining 168 companies will all be listed for sale;

A company that no one buys will be dissolved immediately!
After deciding the fate of all the companies in the group, the meeting did not end, but entered the key point.

Wu Guangyao said: "Debt reduction is also the most important thing for us at present. At present, our short-term debt is 7.2 million Hong Kong dollars, long-term debt is 5.2 million Hong Kong dollars; the company's cash is 1.7 million Hong Kong dollars, and short-term investment is as high as 5 million Hong Kong dollars; The short-term investment of the group and the repayment of short-term debts."

When Qi Dezun heard this, he immediately reacted fiercely, and said, "Mr. Wu, throwing away these investments at this time, the group company will suffer a lot of losses!"

Wu Guangyao waved his hand and said forcefully: "Don't let it go now. The Hang Seng Index has rebounded recently and has reached 600 points; however, the securities market on Hong Kong Island has not established enough confidence at all, and the world environment has not clearly improvement; therefore, Hong Kong Island's securities industry has no lowest, only lower!"

Everyone's heart was shocked, the same words, perhaps from other people's mouths, everyone would still doubt;
But I don't know why when I said it from this person, everyone's first reaction was 'this is true'!
When Qi Dezun saw everyone's expressions, his heart was already numb;

In the past three days, Wu Guangyao's words were like an imperial decree, and everyone seldom raised rebuttals!

Wu Guangyao continued: "President Wei Li, use the [-] million Hong Kong dollars from the cash out to increase the equity of two high-quality companies, Watsons and Whampoa Dockyard. At the same time, the company is preparing to merge Whampoa Dockyard and Hutchison International to form New listed company - Hutchison Whampoa.

As we all know, the business of Huangpu Dockyard only includes container terminals, transportation, real estate, manufacturing, ship repair, etc. It can be said that the scope of business is small and the prospects for business development are limited;

However, Huangpu Dock has a large amount of land resources, which can bring huge cash income to the company;
Huangpu Dockyard has basically zero talents in trade; Hutchison International has a wide range of businesses, and its biggest asset is talents;

After the two are merged, they form complementary advantages! "

Everyone's eyes are bright, this move is really good!
Wei Li said seriously: "Yes, I will start this matter soon!"

In Wu Guangyao's plan, after the merger of Hutchison International and Huangpu Dockyard, the four listed companies Watsons, Hebao, Junyicang, and Hutchison Real Estate will be privatized when the stock market falls further. , and then listed when proceeding;
Once you come and go, you can bring considerable benefits to Hutchison Group!

After the meeting dispersed, Wu Guangyao left behind the Big Three of the Hutchison Group.

"The follow-up rectification of the company, I will leave it to the three of you! I only want to make three suggestions: first, reform the financial system and establish modern financial control; second, strengthen the group's control over each subsidiary, and information management must be in place , otherwise, just like now, there is a problem with the subsidiary, and the group does not know it; third, settle the lawsuit and reduce recurrent expenses."

Wu Guangyao has already discussed the governance of Hutchison Co., Ltd. through the family office and his own executives, so he knows it well!
In the eyes of Wei Li and others, Wu Guangyao at this time is simply a "business god";
No wonder at the beginning, someone reminded a few people that everyone was just an executor, not a decision maker.

(End of this chapter)