Reborn Entrepreneurial Giant
Chapter 336 Acquisition of PCCW
Qu Li was making waves in Xingsha, and by the way, he held the shareholders meeting of Qiancheng Motors, and explained his business philosophy again, insisting on doing self-research and positive research and development to build pure electric vehicles.
Others are compromises for reality, such as splitting into two brands, Cheetah with large displacement and high price, and Future with small displacement and high cost performance. This year, a new brand recognition system will be fully launched, from the car logo, Chinese character logo to the car "dragon face design".
Glory, Changfeng, and Xiangjiang Fortune are major shareholders of Qiancheng, and they are all within Qu Li's sphere of influence, so there are no twists and turns at the shareholders' meeting. However, they talk about learning from Chery Automobile and doing self-research, but in reality they are learning from Geely to focus on marketing. Qu Li and Qiancheng are still very cunning.
A few days later, PCCW's shareholder meeting also passed the acquisition of PCCW by Envision Investment without major twists and turns, which aroused the attention of domestic and Hong Kong media.
It is not news that Richard Li ideally sold PCCW, but the actual sale is big news. After 10 years, he finally got rid of it. At the press conference, Charlie Li looked relaxed.
A reporter asked Li Charlie what his plan was to cash out 1 billion US dollars. Li Charlie smiled and said that he wanted to take a break. The scene was peaceful.
Vision Investment’s acquisition cost close to 7.5 billion Hong Kong dollars and close to 1 billion U.S. dollars, and will eventually hold 32% of PCCW’s shares. The purchase price is 3.45 Hong Kong dollars, a premium of about 56%.
Because Vision Investment does not want to make a full acquisition, it still needs approval from the relevant departments of Xiangjiang. Generally speaking, it is not a big problem.
Many things happened at the PCCW General Meeting of Shareholders. For example, the name of the company was changed to PCCW, and the name of the real estate company controlled by it was changed to Yinghe Dayan Real Estate. This is still being cleaned up. But it is strange that the board of directors changed at the same time. Vision Investment invited Ari’s mother Guan Mingsheng to become the chairman of PCCW and Gan Shihua took over as CEO. What is even more strange is that Qu Li joined PCCW and the board of directors.
So many people don't understand Qu Li's positioning for himself. You are not satisfied with Jumei and Glory, are you busy?
These people obviously don't understand men's possessiveness, what's wrong with being too busy, anyway, you can't let your life be empty. What's so great about having more companies? The leaders of the business decide to do the right thing, and the managers are responsible for doing it right.
At the PCCW meeting, Qu Li finally had direct communication with Guan Mingsheng, a well-known professional manager.
Gan Shihua made a plan according to Qu Li's idea. Telecommunications business is the foundation, focusing on the development of enterprise services and IT operation and maintenance management software ITOM business, including building data centers in China, Europe and the United States.
Of course, the domestic business needs to cooperate with the major shareholder China Unicom. If it doesn’t work, it’s okay. Qu Li’s propositions are relatively conservative. The data center business is an asset-heavy business, and the return on investment is relatively stable. The risk is relatively small. The directors of Yinghe did not object.
As for PCCW and China Unicom to build a data center, they still need to go to China to discuss. Even if they don’t want to cooperate, Jumei itself has the qualifications. Both companies are not rich, and the early development may be relatively slow. Thinking of cloud computing The development is not fast, and it seems that the impact is not great.
In Xiangjiang, PCCW and the board of directors held meetings, chatted, and had a meal. The relationship is relatively harmonious. After all, investing in PCCW and not being the current pot of China Unicom is already like this. Handing it over to Qu Li might create a miracle, let alone In 2010, Honor and China Unicom launched a large-scale cooperation. Magic and subsequent Mate mobile phones were mainly sold through China Unicom's channels.
It’s not that Qu Li likes China Unicom, it’s that China Mobile has always wanted Honor to develop customized mobile phones for operators. This is not in line with Honor’s strategic plan. In addition, the domestic sales accounted for only about 10%. Qu Li decisively chose to have close ties with them. China Unicom.
In 2010, China Unicom spent a lot of money and subsidized Apple's iPhone while subsidizing Honor. With the advantages of terminal equipment and network, the number of new users exceeded that of China Mobile. At this time, China Unicom was full of ambition and might not refuse to cooperate with PCCW to build a data center, but it seemed impossible to think how much they would attach importance to it.
The director arranged by China Unicom left, and Qu Li met with the person in charge of Yingda Real Estate. Only then did Qu Li find out why Li Charlie was unwilling to give up Yingda Real Estate. The amount of financing is low. Originally, Charlie Li, the Superman, wanted to distribute a special dividend and share more than half of the cash before leaving, but Envision United Unicom rejected this proposal.
"So you want to continue to do real estate development in China?" Qu Li
"Yes, Li Charlie didn't want to develop in China before, but after he left..."
"It's a coincidence that Yingda's land in Beijin was not confiscated. We won't be so lucky next time. We don't have government resources..." Envision Investment arranged people to join the board of Yingda Real Estate
"It's not necessary. Even if we don't develop residential buildings, we can do commercial real estate. There are not many domestic competitors..." Peng Haichao, CEO of Yingda, said, and came up with his own plan: a commercial complex.
When Qu Li saw it, why did it look so familiar: "What's the difference between this and an urban complex?"
This is not a strange thing. The concept of urban complex has long been proposed. There are already a lot of advanced experience abroad that is worth learning, and it is not Wanda's original creation.
Peng Haichao managed to win the opportunity to have an interview with Qu Li this time. He prepared a lot for this and said without stage fright: "Urban complexes are based on building groups, integrating commercial retail, business offices, hotels and catering, A "city within a city" that integrates the five core functions of apartment housing and comprehensive entertainment; a commercial complex integrates the functions of commerce, office, residence, catering, entertainment, etc. in the city, changing from a commercial center to a living center..."
Sure enough, isn't this what Wanda played later! Qu Li vaguely remembered that Wanda boasted like this, so there were Wanda cities all over the country.
"The scale of this investment is not small..." Qu Licai did not think that Yingda Real Estate has the strength and team of Wanda
"Using sales, maintenance and rent, sell about 50% of the residences, office buildings, and small shops in the project, and keep the core shopping center..." Peng Haichao
"Do you want scale or efficiency?" Qu Li asked whether Peng Haichao wanted to build Wanda or Vientiane City. It is said that Wanxiang is large in scale, but the rent per square meter in the sub-center of the city is only a few yuan. Vientiane The rent per square meter of the city is hundreds or thousands of yuan.
"Efficiency is the best, a harbor city... If we can make a few commercial complex projects, maybe we can export the brand in the future and make money from management services..."
"Tell me in detail how to make a life center..." Qu Li became interested
Peng Haichao was a little excited: "Okay!" He began to explain his plan to build a high-quality commercial complex!
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