We are all reborn, who wants to be the richest man?
Chapter 63 Hutchison splits
ATV's sky-high copyright fees have been causing a lot of noise for a while. In response to the media's pursuit, Shuyi Zhou issued an order to ATV's management. No one can be interviewed or talk about this matter in front of the media.
Zhou Liang Shuyi still knows the truth that a tree that is beautiful in the forest will be destroyed by the wind. You have made so much money, do you want to give more back to the society? Zhou Liang Shuyi was afraid of being led by unscrupulous jealous people and wanted to calm down the matter quickly.
Luo Nianzhong also meant the same thing, so when Li Bancheng called him, he thought of an excellent countermeasure.
On February 2, a photo of Li Bancheng wearing a Superman suit published in Southeast Daily quickly spread throughout Hong Kong Island.
Cheung Kong acquired HSBC's 8.8% stake in Hutchison Whampoa at a price of HK$7.92 per share, for a total value of HK$22.4 million. In one fell swoop, he completed the feat of swallowing an elephant and caused a sensation in Hong Kong and Kowloon.
This price is a bit higher than the historical price of HK$7.1 per share, but it is also far lower than Hutchison Whampoa's stock price. Luo Nianzhong doesn't know if it is because of him.
Including HSBC's 22.4% stake, Cheung Kong holds more than 37% of Hutchison Whampoa's shares. Those extra shares were naturally purchased from retail investors, and the funds were provided by Luo Nianzhong's investment in Changshi.
For 2.5 million Hong Kong dollars, Far East Group obtained 20% of Cheung Kong shares. To be honest, for Cheung Kong before the acquisition of Hutchison Whampoa, it was a premium of nearly %. But Luo Nianzhong knew that everything was worth it.
After Li Bancheng took over Hutchison Whampoa, he sold the companies Luo Nianzhong needed to Far East Group, which brought back another 4.8 million Hong Kong dollars for Hutchison Whampoa.
The Whampoa Dockyard's land in Hung Hom alone accounts for half of the price.
Here, when the media was chasing Hong Kong Island's new superman, trying to dig out more exciting information, on the other side of the Far East Group, Luo Nianzhong held a high-level meeting.
The theme of the meeting was how to digest and develop the industries allocated from Hutchison Whampoa.
Looking at the many senior executives and presidents of subsidiaries in the conference room, Luo Nianzhong was still very proud.
“The first thing I want to talk about is the split of Far East Terminal Real Estate Company. We will establish Far East Real Estate and Far East Port Management Company respectively.
The International Container Terminal Company acquired from Hutchison Whampoa, and the Kwai Chung Terminal business belong to the Far East Port Management Company, with Ma Shimin as the new president."
Upon hearing the appointment, Ma Shimin, who was sitting at the end, stood up and made an introduction, which was regarded as a greeting to everyone.
This was also something that Chris helped Luo Nianzhong dig up. Luo Nianzhong originally wanted her to find someone to manage the new company, but she didn't know that she had found Hutchison Hutchison's top class for herself instead.
"As for the old shipyard land of Huangpu Dockyard, it will be allocated to Far East Real Estate, and the president is New Bijian."
To be honest, this arrangement gives Newbijian less power. However, he also understands that with the increase in business, it will be a matter of time before the family is separated. I was mentally prepared for this, but I didn’t expect it to come so soon.
"Let's talk about Watsons. For the retail industry, my goals are very big." Duiwan said to a young Chinese man sitting next to Ma Shimin.
"Li Xiang, tell me what you think."
Li Xiang, a Chinese-American, previously worked for a large retail group in the United States as vice president.
Interestingly, one of the major shareholders behind this retail group is the DuPont family foundation. When Luo Nianzhong saw Li Xiang's information, he looked up at Chris and found that there was nothing strange about this woman.
The person involved didn't care about her poaching her own family, so what else could Luo Nianzhong say?
After Li Xiang was called on, he took out the information he had prepared.
“I’ve learned about it, and the only supermarkets on Hong Kong Island that can be considered supermarkets now are Watsons’ Parknshop and Jardine Matheson’s Wellcome. Even these two, I think, are far from reaching saturation.
As for those small supermarkets, they are even more disorganized. There are rarely more than 10 chain brands, and even if they are, they are basically convenience store chains owned by Japanese companies."
I think the group should take advantage of the current situation in Hong Kong Island where the retail industry is in disarray to vigorously develop stores, capture the entire Hong Kong Island market in one fell swoop, and radiate to peripheral areas.”
Hearing this, Luo Nianzhong nodded. "What exactly?"
"Small convenience stores are the mainstay, and supermarkets are the supplement."
His point of view made Luo Nianzhong look at him differently. "Tell me more about it."
"I found that there are no 24-hour convenience stores on Hong Kong Island. Although the profit minus operating costs in the latter half of the night will not be much, or even a loss. Compared with supermarkets, the losses of small convenience stores are acceptable to us. It also makes it easier for us to adjust in time. We can cultivate their habits.
One is to let them get used to spending money in our convenience stores, and the other is, when they are used to being able to buy the items they want at any time, will they still buy and prepare in advance? "
This is true, when you are worried that you will be hungry at night and there are no shops selling food around, you will definitely prepare in advance. And often you will find that you don’t eat these foods at all.
"Since there are so many 24-hour convenience stores, the passenger flow of supermarkets will definitely decrease, so my plan is to expand from one point to another. Choose a central point to open a supermarket, and then use this central point to spread our convenience stores to the surrounding areas." .
Luo Nianzhong still agreed with Li Xiang's idea, which was also the method adopted by major retail industries in later generations.
"I would like to add a few points. The first point is to establish our logistics system and haste to facilitate our distribution and mobilization. You have experience in this.
Then there is the development of our own specialty foods, such as some pastries, lunch boxes that are convenient for office workers, etc. We can set up a central kitchen to deliver these foods to various stores every day.
The most important point is that Watsons has its own research institution, but it is not enough. In addition to cosmetics and distilled water, we also need to increase research on health care products, beauty products, and even medicines.
Starting today, Watsons Pharmaceuticals Company will be established and managed by Watsons. The group will give you 10 billion Hong Kong dollars for the development of Watsons."
Speaking of this, Luo Nianzhong looked at Li Xiangyu and said sincerely, "The retail industry is an industry that I attach great importance to and am optimistic about. I hope you can develop and expand it."
"Don't worry, Chairman. I will definitely develop it into a world retail giant. This is also the purpose of my coming here."
This was also the reason why Chris was able to convince him in the first place. Working for a retail giant in a beautiful country, how could he create a legend of a world-class retail giant.
The last one is Hutchison Telecom. Although Hutchison Telecom currently occupies one-third of the business on Hong Kong Island, it is still too weak and is not the business that Luo Nianzhong wants to develop.
One thing you need to know is that Hutchison Telecommunications is not a telecommunications business. It only sells and installs telephone and distribution communication systems, such as fleet intercom systems.
Luo Nianzhong wanted Hutchison Telecommunications to enter the communications industry and join the next mobile phone battlefield. Hutchison Telecom is just the first step, and it will definitely develop upstream in the future.
The president Luo Nianzhong found for the company he renamed Far East Communications was Yuan Tianfan, who now works at HSBC.
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