Reborn as a tycoon in Hong Kong
Chapter 718: Set your mind and be cautious (two in one)
After the working day arrived, Lin Baicheng fell into busyness.
The stock prices of three companies, Hutchison Whampoa, Hong Kong Electric Group and Telephone Company, have fallen due to Lam Baicheng's relationship, and the decline is not small.
Therefore, although Lin Baicheng is the major shareholder of these three companies, he still has to convene a board meeting to apologize for this matter and give an explanation to all shareholders.
No matter what, the stock prices of the three companies fell because of Lin Baicheng himself. Even if the control of the three companies was in his hands, if he didn't even give an explanation, he would definitely make the small shareholders whose interests were harmed dissatisfied.
Those small shareholders can't accomplish anything, but they can do bad things.
Therefore, Lin Baicheng still needs to show his proper attitude and not make other shareholders dissatisfied with him. Having more enemies is not a good thing.
Among the three companies, the focus is of course Hutchison Whampoa, simply because Hutchison Whampoa is the largest. Hong Kong Electric Group plus the telephone company is less than one-fifth of Hutchison Whampoa. No matter who it is, Hutchison Whampoa will be more concerned about. .
Time has entered May in a blink of an eye, and May Day is coming.
However, on May Day today, there is no special holiday in Xiangjiang, and all companies are working normally.
That afternoon, Lin Baicheng had afternoon tea at the Hutchison Hotel, with Bao Yugang, Guo Henian and Hu Yinxiang.
"All procedures for Xiangjiang Airlines have been approved. If the three of us are not ready to withdraw, we will transfer the funds to the company's account according to the shares allocated to each other and establish the company."
While drinking tea, Lin Baicheng said to the three of them.
Xiangjiang Airlines had been going through the procedures before, but it was not going very well. Seeing that Hutchison Whampoa's acquisition of Bentley Motors was just short of the final signature, the Hong Kong government no longer set thresholds and approved all the procedures.
Bao Yugang put down his tea cup: "Lin Sheng, regarding the company's share distribution, after the three of us discussed it, we decided to change it again."
"How to say?"
Lin Baicheng looked at the three of them with some confusion. Could it be that they felt that the shares they received were too few?
But the problem is that this cooperation was initiated by him, Lin Baicheng, and the reason why Xiangjiang Airlines was approved to be established so smoothly was also because of his efforts. He didn't think that his 40% share would be too much.
If Bao Yugang, Guo Henian, and Hu Yinxiang feel that Lin Baicheng's shares are too much, Lin Baicheng feels that it is necessary to carefully consider whether this cooperation is necessary.
Bao Yugang said: "Lin Sheng, the reason why the company was established so smoothly this time is thanks to you. It was Hutchison Whampoa's huge investment in England that allowed the Hong Kong government to approve the establishment of the company. Since the three of us have not No matter how much effort we put in, we won’t have the shame to take so many shares, so we decided to each transfer a portion of our shares to you.”
"If that's the case, then it doesn't have to be."
Lin Baicheng couldn't help but smile when he heard this: "I have 40% and the three of us have 20% each. Since we agreed on this distribution before, there is no need to change it."
Of course, Lin Baicheng is optimistic about Xiangjiang Airlines. The short-term investment may be large and it will take several years to recover the cost. But in the long run, as long as there are no major problems in the company's operations, the development prospects will definitely not be bad. Of course, the company's shares are worth taking. The more, the better.
But since we have agreed on the allocated shares before, there is no need to regret it because of some shares. In Lin Baicheng's view, his reputation is more valuable than a part of Xiangjiang Airlines' shares, and relatively speaking, he cherishes his reputation more.
"Lin Sheng, you don't have to be polite."
After hearing this, Guo Henian said: "We distributed it like that before because all three of us could help. Now that we haven't helped much with the establishment of the company, it is natural to get fewer shares."
"that is."
Hu Yinxiang nodded in agreement: "When it comes to business, Lin Shengqian shouldn't be polite to us."
Bao Yugang mentioned this matter to Guo Henian and Hu Yinxiang. Bao Yugang meant that each of them taking 20% of the shares was completely taking advantage of Lin Baicheng, and taking advantage should never be done again. For the sake of the long-term To cooperate, they should take the initiative to ask Lin Baicheng for less shares.
Guo Henian and Hu Yinxiang were persuaded by Bao Yugang. They believed that what Bao Yugang said was reasonable, which is why today's incident happened.
"But."
Although Lin Baicheng was unwilling to go back on his word, he still made a compromise under the "good intentions" of Bao Yugang and the other three.
Originally, Bao Yugang and the others only wanted 10% of Xiangjiang Airlines' shares each, but Lin Baicheng felt that this was not good and insisted that they each hold 15% of the shares, which was considered a concession for both parties.
As a result, in the established Xiangjiang Airlines, Lin Baicheng held 55% of the shares, while Bao Yugang, Guo Henian and Hu Yinxiang each held 15% of the shares.
After deciding on their respective shareholdings, the four people discussed the investment in the company and made a general decision.
The initial investment in the company was HK$100 million. The four people contributed capital according to their respective proportions. Lin Baicheng wanted to contribute HK$55 million.
Of course, a capital of 100 million Hong Kong dollars cannot buy a few passenger planes. According to the development of the company, the four people will continue to inject capital. The total amount invested in the company within three years will not be less than 1 billion Hong Kong dollars.
Such a large investment is definitely enough. After all, the largest investment of an airline is the purchase of passenger aircraft. And the purchase of a passenger aircraft does not have to be paid in full right away. It must be a few percent of the payment first, and the remaining payment is divided into several years. Pay off the loan gradually so that the pressure will not be so great.
The four subsequently negotiated the organizational structure of the company.
There are currently nine director seats, two of which are external honorary directors. Among the remaining seven director seats, Lin Baicheng occupies four seats, and Bao Yugang and the others hold one seat each.
The company's president (top class) was also appointed by Lin Baicheng, and the number of vice presidents was temporarily determined to be two. One was recruited externally, and the other was decided by Bao Yugang and the others after discussion.
As for the candidates under the president and vice president, the four department managers will arrange some people, and some will be recruited externally. The company management will arrange the personnel below.
Generally speaking, Xiangjiang Airlines is dominated by Lin Baicheng, and Lin Baicheng has greater power. However, Bao Yugang and the three of them are not unable to compete. If the three of them unite, they can also fight against Lin Baicheng.
However, if it really comes to that level, it must be that Lin Baicheng, Bao Yugang, Guo Henian, and Hu Yinxiang have fallen out, and they are no longer a partnership. At that time, it is not just Xiangjiang Airlines that will be affected.
After a general discussion, Lin Baicheng and the others stopped talking about the specific details. There is no need to talk too specifically now. When the company is established and the management arrangements are in place, the four of them will definitely go to the company together. It will not be too late to talk more specifically with the company management.
After talking about this, the time came to four o'clock, and the four of them ended this exchange.
However, just when they were about to leave, Guo Henian said that he had something to talk to Lin Baicheng alone, so the two of them stayed again.
"Guo Sheng, what do you want to tell me?"
Lin Baicheng asked with doubts.
Guo Henian said: "Lin Sheng, I have something to tell you, and I want to ask you for a favor."
"Guo Sheng, please speak."
Lin Baicheng signaled to Guo Henian to go ahead and say it.
Guo Henian: "Lin Sheng, to tell you the truth, now I only have 2.5% of Hutchison Whampoa's shares, which is 11 million shares. I reduced my holdings and cashed out the rest of the shares a while ago."
"I don't think I need to say it. Guo Sheng also knows that I have reduced my holdings and cashed out a lot of Hutchison Whampoa shares."
Lin Baicheng smiled when he heard this. He was not surprised that Guo Henian reduced his holdings of Hutchison Whampoa shares. After all, Hutchison Whampoa's stock price was so high before.
Not to mention Guo Henian, even Iwasaki Horyū, who bought Hutchison Whampoa shares in the name of Mitsubishi Bank last year on Lin Baicheng's advice, also sold his shares a while ago and made a huge profit.
"We are heroes who think alike."
Guo Henian said with a smile, and then said: "Now I only have 2.5% of Hutchison Whampoa shares left. Regarding my director seat, I hope you, Lin Sheng, can help me keep it. I don't want to lose my identity as a director of Hutchison Whampoa. As a director of Hutchison Whampoa, I hope you can help me keep it." In return, I will definitely support you, Lin Sheng, in future votes."
"Don't worry, Guo Sheng, I don't support who you support."
After hearing this, Lin Baicheng agreed without thinking. This matter was not harmful to him.
"Actually, Mr. Guo, you don't need to worry. Although your 2.5% share is not much, it is worth about HK$900 million. Not everyone can easily spend more than HK$1 billion to buy Hutchison Whampoa's shares."
"I know this too."
Guo Henian nodded when he heard this: "I'm just not afraid of 10,000, just in case. No one can say whether there will be any capital that is optimistic about Hutchison Whampoa's development and buys a large amount of Hutchison Whampoa's shares, hoping to become Hutchison Whampoa's Director. I am also preparing for a rainy day. If this happens, I hope Lin Sheng can give me more support."
"No problem, we are old friends. If I don't support Guo Sheng, who do you support?"
Lin Baicheng responded with a smile and said: "Even if someone really buys more shares than you, Guo Sheng, that's okay. We will just expand the company's director seats at that time. After all, it will be a matter of time."
"When I hear you say that, Lin Sheng, I feel relieved."
Guo Henian was relieved after hearing this. Hutchison Whampoa's market value is nearly 40 billion Hong Kong dollars. The status of director of such an aircraft carrier-level company is still very useful. What's more, many of Guo Henian's businesses rely on the channels of Watsons Supermarket. Without the director's status, his business will inevitably be affected.
This was what Guo Henian wanted to say. After saying that, the two of them left the Hutchison Hotel.
After leaving Hutchison Hotel, Lin Baicheng asked the driver to drive to Hutchison Whampoa.
"Secretary Chen, please inform the Secretariat to screen candidates for the president of Xiangjiang Airlines and find a candidate for me to choose."
Lin Baicheng told Chen Huixiang that he did not have a suitable candidate for the time being, so he handed over the job to the Secretariat and he only needed to do the final screening.
"Yes, Mr. Lin!"
Chen Huixiang responded. She knew very well that many people would definitely carry out activities next, because the position of president of a large company is so attractive. There must be many people who want to become the president of Xiangjiang Airlines and then conduct public relations for some people.
The target of public relations is not only the people at the Secretariat, but also Chen Huixiang and other influential people.
The people who are being publicized are not fools. They will definitely not send candidates who do not meet the requirements to the big boss Lin Baicheng, otherwise someone will definitely be unlucky, so no one dares to do this.
And when the candidate meets the requirements, no one will refuse when it comes to public relations. After all, they are not allowed to make mistakes, they are just choosing people to do public relations under the same conditions.
Lin Baicheng looked at Chen Huixiang and said: "The candidates will be selected first from the senior executives of the companies under my name, but if there are very good talents outside, that's fine too. Remember what Xiangjiang Airlines does, and the candidates sent to me , don’t say you know anything about this industry.”
"Yes, I believe the Secretariat will choose a suitable candidate."
Chen Huixiang nodded to express her understanding. She knew this was a warning from the big boss.
Upon seeing this, Lin Baicheng nodded and said no more. He had already said what needed to be said. There was no need to say it too clearly, as that would not be good for anyone.
Arriving at Hutchison Whampoa, Lin Baicheng got into work.
At around five o'clock, Lin Baicheng received a call from London. The call was from Qin Lan, but Lin Shufang and Wei Li were both there.
That's right, Lin Shufang and Qin Lan have already taken their team to London to sign a contract with Rolls-Royce on behalf of Lin Baicheng and Wei Li. This time the team includes people from Lin Baicheng and people from Hutchison Whampoa.
Although Lin Baicheng is a major shareholder of Hutchison Whampoa, he is only a major shareholder after all. What's more, now that the outside world has known that he has reduced his holdings in Hutchison Whampoa significantly, his interests in Hutchison Whampoa are even less.
As a result, of course, the major decisions about Hutchison Whampoa cannot be made directly by Lin Baicheng alone. Both other shareholders and the company's management will participate and supervise.
The time in Hong Kong is around five o'clock in the afternoon because of the time difference, while in London it's around nine or nine in the morning.
Lin Shufang, Qin Lan and others just arrived in London today. Although the team led by Weili has negotiated the details of the transaction with Rolls-Royce, the time for signing the contract will not be today, but will be set for next Monday.
The period from today to next Monday is the time for Lin Shufang and others to review and review the transaction process.
Wei Li had been responsible for the previous matters. Lin Baicheng did not have absolute trust in Wei Li, or he could not have absolute trust in professional managers. Therefore, for this kind of transaction involving hundreds of millions of dollars, he would definitely have to let someone do it. Conduct verification and investigate whether his interests have been harmed.
To put it mildly, if Weili teamed up with the Bentley family and Rolls-Royce to turn the acquired Bentley cars into empty shells, Hutchison Whampoa would suffer huge losses, at least hundreds of millions of dollars.
Even if Lin Baicheng only held more than 30% of the shares, his losses would be as high as hundreds of millions of dollars.
This was hundreds of millions of dollars in the early 1980s, an astronomical sum. Anyone who lost such a large amount of money would be heartbroken.
Therefore, the necessary caution is still necessary.
Lin Baicheng chatted with Lin Shufang, Wei Li and Qin Lan for a while about Bentley Motors before hanging up the phone.
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