Reborn as a tycoon in Hong Kong
Chapter 409: Strong forces join forces (Part 1)
Whether it is the establishment of the group or the due diligence of Hutchison Whampoa's foreign trade business, it cannot be completed in a day or two.
Lin Baicheng first talked to Xia Boyin and Wei Peter respectively, told them about the situation of the media group, and informed them that he wanted to transfer one of them to the media group as the vice president, and asked them what they thought.
Lin Baicheng informed them in advance that they were just one of several vice president candidates and asked them to tell the truth whether they were willing to leave Hutchison Whampoa without any worries.
After hearing this, both Xia Boyin and Wei Peter expressed their unwillingness to leave Hutchison Whampoa. They knew Hutchison Whampoa better, had more feelings for it, and were more comfortable in doing things.
Xia Boyin and Wei Peter certainly don't want to leave Hutchison Whampoa. Today, Hutchison Whampoa's market value exceeds more than 20 billion Hong Kong dollars. The company's treatment is not only good, but also stock incentives. The stock incentives they received last year were worth more than 3 million Hong Kong dollars. Stock incentives will continue to be available in the next few years. As vice presidents, they will also receive stock incentives and have higher incomes.
It would be okay if Lin Baicheng forcibly transferred them away from Hutchison Whampoa. After all, they were just wage earners in the end, and they didn't want to leave Hutchison Whampoa. But since they could make their own choices, they certainly didn't want to leave Hutchison Whampoa.
Xia Boyin and Wei Peter did not want to leave Hutchison Whampoa, and Lin Baicheng did not force it. Anyway, whether these two people left would not affect Hutchison Whampoa's control.
Regarding the management adjustment of Hutchison Whampoa, Lin Baicheng has already had preliminary ideas, that is, to transfer Wei Li from Hutchison Whampoa in another year or two, and then send someone he trusts more to take up the post of Hutchison Whampoa's chief executive. The two of them It is absolutely impossible to become a top class player at Hutchison Whampoa if you stay at Hutchison Whampoa. The room for improvement has been blocked.
Lin Baicheng wouldn't tell them this openly, it was up to them to understand it. The opportunity had been given to them, and if they didn't grasp it themselves, it was no wonder that he was the one to blame.
Xia Boyin and Wei Peter did not want to work in Asia Star Media Group. Among the two alternatives, Zuo Xiangqing and Liao Siren, Lin Baicheng preferred Liao Siren, so he had a talk with Liao Siren and finally appointed him as the two deputy directors of Asia Star Media Group. One of the presidents.
Huang Xizhao and Liao Siren have been appointed as vice presidents of Asia Star Media Group. The establishment of the group will be operated by them. Cheng Yufeng and managers of related companies will cooperate with their work.
Counting from Lin Baicheng's birthday, more than a week passed in the blink of an eye.
This week, no important events related to Lin Baicheng happened either in Hong Kong or internationally. The international gold price and the Hang Seng Index in Hong Kong were in sideways fluctuations. There was neither a big rise nor a big fall.
However, more than a week later, Iwasaki Mineryu and others have completed due diligence on Hutchison Whampoa's foreign trade business, and each of them has a very detailed understanding of Hutchison Whampoa's foreign trade business.
That is to say, after they completed the due diligence, Lin Baicheng, Bao Yugang, Iwasaki Mineryu, Phil Smith and Logan Rockefeller got together again.
Lin Baicheng was the core among the five, so Lin Baicheng entertained them in the chairman's office of Galaxy Games.
After the secretary brought the brewed coffee in and walked out.
Lin Baicheng said to the four of them: "Bao Sheng, Iwasaki-kun, Smith, and Logan, you have completed due diligence on Hutchison Whampoa's foreign trade business, and now you are very familiar with Hutchison Whampoa's foreign trade business. Today we will discuss the establishment of a joint venture." Foreign trade companies and whether to acquire Hutchison Whampoa’s foreign trade business are two matters.”
"Everyone's time is precious. What's more, the sooner the company is established, the sooner the company is operational, and the sooner we can make money. So, today we will decide on these two things, at least the general direction must be decided."
"Jun Lin is right."
Iwasaki Mineryu nodded in agreement: "We come from three different places. I personally have other things to do in Tokyo. Now that we are all here in Xiangjiang, we can decide on some general matters and the rest can be done. Let the people below do it slowly."
"I think so too."
Bao Yugang also nodded in agreement.
Of course Phil Smith and Logan Rockefeller agreed, so the five people decided that today's conversation must have a result.
As the core, Lin Baicheng took the lead and said: "Since everyone has no objection, let's first decide whether to acquire Hutchison Whampoa's foreign trade business. Although everyone has already made a preliminary decision on my birthday, I still want to confirm with everyone that today's decision There’s no reason to regret it after you get down.”
In fact, they had already discussed this matter on Lin Baicheng's birthday. At that time, Bao Yugang and Iwasaki Mineryu both chose to acquire Hutchison Whampoa's foreign trade business. However, they didn't know much about Hutchison Whampoa's foreign trade business at the time. At the same time, it involved a transaction of at least HK$800 million. On average, each person had an investment of more than HK$100 million, so they later felt that the investment was too large and they regretted it. That's normal too.
After all, this kind of large investment is not something that can be decided casually. It involves one to two hundred million Hong Kong dollars. Considering everyone's net worth, it is not a small amount. It is normal to consider it carefully. Deciding whether to invest casually is not a quality that a successful businessman should have.
"That's the truth."
The four of them quite agreed with Lin Baicheng's words.
Iwasaki Mineryu looked at the other three people and said first: "I asked the people below to investigate Hutchison Whampoa's foreign trade business. It is basically the same as what Lin Jun said. After the acquisition, our company can immediately expand based on it. I agree with the scale and the valuation of at least HK$800 million, so I still agree to the acquisition."
Phil Smith then said: "Mr. Iwasaki is right. I also maintain my original opinion and agree to acquire Hutchison Whampoa's foreign trade business. Only big investment can bring big returns."
"I don't have a problem either."
Bao Yugang nodded.
"Me too, just buy it directly."
Logan Rockefeller finally said that after conducting due diligence on Hutchison Whampoa’s foreign trade business, he clearly knew that the current profits in this industry were very high, and that Hutchison Whampoa’s foreign trade department was operating very well and was a high-quality asset, so he did not The objection.
“Since everyone agrees to acquire Hutchison Whampoa’s foreign trade business, the matter has been decided.”
After hearing this, Lin Baicheng said: "Next, let's discuss how much money the five of us will invest at the beginning and how much share each of us will hold in the joint venture."
Compared with before, what we want to discuss now is the most important. It is related to everyone's investment and shareholding, and is related to everyone's vital interests. Although it is a joint venture between five people, not everyone contributes 20% of the capital and holds 20% of the shares. This needs to be discussed carefully.
(Thanks to ‘Tianting01’ for the huge reward support!)
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