The rise of Hong Kong's wealthy families

Hutchison Building, Central

Willis has left Hutchison Group and is preparing to establish his own securities company. Ho Ka-ho has appointed Huo Jianning as the new head coach of Hutchison Group, and has transferred many personnel from Huamei Real Estate and other affiliated companies to enrich Hutchison Group. Although Now it is impossible to command Hutchison Group with an arm, but most of the foreign senior staff are willing to obey Huo Jianning's management.

At the last board meeting, many directors opposed He Jiahao's proposal to significantly reduce the number of companies under his control. He gave his full support and allowed the proposal to pass strongly.

"Boss, this is the first list of companies that need to be sold. It involves Singapore, Malaysia, Thailand, Australia and other regions, including real estate, securities, manufacturing, and food. They are all companies that have been losing money for years." Huo Jianning reported from the side , in fact, he was shocked by the boss's aggressive cutting, but considering that the subsidiaries were too bloated and the parent company's development was extremely slow, he knew that the boss's decision was a wise one.

"Small-scale industries are no longer suitable for the development of the group. We don't have so much energy to expand small companies. In the future, Hutchison's main business will be retail, manufacturing, food, energy, telecommunications and a small number of real estate hotels." He Jiahao thought. He thought, and continued, "After we truly take control of Hutchison, we will acquire companies in port containers and infrastructure."

"Okay, the sale of these companies will probably bring back 800-900 million yuan. Should it be used to repay the loan or continue to invest?" Huo Jianning asked.

In fact, most of Hutchison Group's subsidiaries are companies that have not yet been listed, so the net assets are much higher than the market value.

According to Ho's plan, Hutchison Group can retain approximately 40-50 subsidiaries. If these subsidiaries are not profitable within two years, Ho will continue to sell them, and the remaining companies will be large and profitable companies.

Why should a company that cannot make money stay and wait to drink the blood of the parent company?

"Pay off the debt. The group has already shouldered too much debt. Only by removing the burden can we move forward and develop better." He Jiahao continued, "How much debt does the group still have now?"

"About 2.3 billion, accounting for 50% of the market value. According to the plan, when the second batch of company sales is completed, the debt will only be 300-400 million," Huo Jianning said.

"The first batch of companies sold the funds, and then raised part of it themselves, raising enough 1 billion to repay debts. The funds sold by the second batch of companies were used to acquire the equity of Taoda Food and Guang Sang Bank from Manulife Development. After the acquisition was completed, We will then conduct a rights issue to raise funds and use them to develop our land and invest in the stock market.”

The current market value of Taota Food Company is between RMB 500 and RMB 600 million, and that of Kwong Sang Hong is around RMB 1.2 billion. This is equivalent to Hutchison Group exchanging scattered companies of the same value for two medium-sized listed companies. This is an alternative approach. Expansion, after all, the development potential of these two listed companies is far greater than that of scattered companies, and Hutchison Group can save a lot of energy and money.

"Yes, I will arrange the list and sale of the second batch of companies as soon as possible." Huo Jianning promised.

The value of the Hilton Hotel and Admiralty Center Twin Towers acquired last time from Huanghe Industrial Company has exceeded 1.6 billion, which is equivalent to compensating some property assets for Hutchison Group. If it acquires Guang Sang Hong and Taoda Food, it can make up for the loss in Huangpu. The shipyard company cut out most of the losses.

After the big crash in 1982, Hutchison Group made another acquisition, completely getting rid of the influence of Whampoa Dock Company, and even completed the expansion of Ferry.

"There is news that Jardine Matheson Company intends to sell its Golden Gate Building. Do we need to mobilize funds to acquire it?" Huo Jianning thought for a while and said.

He Jiahao sighed. He had just negotiated the two Central Buildings of International and Federal. Huamei Real Estate Company no longer has the funds to acquire them, and Manulife Development has 3 billion in debt. I am afraid not many banks are willing to continue lending, but it scares Chen Songqing. It's still ok.

"The Golden Gate Tower is of higher quality than the Admiralty Admiralty Center. Let me contact Jardine Matheson. The price is less than 900 million. We can still win it." He Jiahao did not tell Huo Jianning the truth.

"Well, the Golden Gate Tower is of such high quality. If Huamei Real Estate wins it, it can complete a new round of expansion and increase its market value to 2 billion. There is no problem at all." Huo Jianning said with some excitement.

In Huo Jianning's mind, Huamei Real Estate is more important than Hutchison Group, because Huamei Real Estate is his hometown.

He Jiahao nodded. The matter of raising funds in exchange for Hutchison Group's equity can be postponed later. It seems good to win the Golden Gate Tower first.

After all, this opportunity cannot be missed. As for Jianing Group, He Jiahao believes that the development of Huamei Real Estate is the most important.

"Boss, it's time for the interview." Huo Jianning looked at the watch on his wrist and reminded him.

Today is the interview day for the secretary to the chairman of Hutchison Group.

"Um!"

So the two of them walked out of the office together and came to another conference room.

Not long after I sat down, the first interviewer walked in.

"Hello interviewer! I graduated from Stanford University in the United States." This is a young man in his 20s.

Seeing that He Jiahao and Huo Jianning were so young, the young man began to show off his advantages, as if he had a sense of superiority, which made the two of them feel disgusted.

Until the fifth interviewer, she was a 23-year-old girl who graduated from Yale University in the UK, majoring in economics. Her name was Lu Fangqiong. She was considered a first-class beauty. She was an attractive type. Her conversation and attitude were very decent, which made the two The interviewers nodded repeatedly.

"Miss Lu, when can you go to work?" He Jiahao asked.

Lu Fangqiong was surprised. According to her understanding, large companies always ask interviewees to go back and wait for news, and there are almost no cases where they are notified to work on the spot.

"You can go to work tomorrow."

"Okay, the treatment will be the same as what is published in the newspaper. Are there any other questions?" He Jiahao said with a smile.

"No more." Lu Fangqiong shook her head and said.

"Jian Ning, let me know. If other interviewees are willing to go to other positions, let's arrange interviews for them." He Jiahao explained.

"Okay, I'll make arrangements." Huo Jianning nodded and said.

When Huo Jianning left, Lu Fangqiong was still sitting there, so He Jiahao smiled and asked, "Miss Lu, is there anything else?"

"No, may I ask which department you are from?" Lu Fangqiong asked cautiously.

"I'm in the same department as you." He Jiahao said.

"Then please give me some advice, senior." Lu Fangqiong lowered her head and said sincerely.

He Jiahao sorted out the interviewer's information and said, "It's not about giving advice, just work hard."

"See you tomorrow!" He Jiahao pointed to the door and said with a warm smile.

"Yes, see you tomorrow!"

Looking at Lu Fangqiong's retreating background, He Jiahao laughed inexplicably, feeling a little happy teasing this girl.

I'm afraid Lu Fangqiong will be shocked tomorrow. The person who struck up a conversation without permission today was actually her boss, and she even asked her boss which department he was from.

Previously, Taipan served as the chairman of Hepu International, so the chairman did not have a secretary. It was impossible for He Jiahao and Huo Jianning to share a secretary, so they naturally needed to find another one.

In fact, He Jiahao will not stay at Hutchison Group forever, but will only sit in occasionally. The secretary's job will be easier, so he chose a newcomer who has just graduated.