The rise of Hong Kong's wealthy families

Thursday, June 26

The tender for the Prince Edward Station superstructure project in Yau Tsim Mong District was submitted to the MTR Corporation. There were multiple consortiums competing, among which the joint venture of Hang Lung Properties, Sun Hung Kai Properties, and Great Eagle Properties was the most eye-catching.

He Jiahao's company, led by Huamei Real Estate Company, was responsible for this bidding, and the bidding price was set at 410 million yuan.

He is not very satisfied with this price, but the land value of the Diligende Court luxury project is 90 million, the Windsor Building requires 530 million, and 620 million needs to be paid within one month. If the bidding price of the Prince Edward Station superstructure project is too high, Huamei Real Estate will be in debt. The rate exceeds 70%, which is a terrifying number.

Therefore, He Jiahao came up with the idea of ​​raising funds through rights issue, and raised another 1 billion from the stock market. Huamei Real Estate will make huge profits. Although he already holds 60% of the shares of Huamei Real Estate Company and needs to pay more than 600 million in cash, but Huamei Real Estate still owes him 1.4 billion, which can be deducted from it.

After thinking about it, he called Tan Zhenzhen and asked her to prepare everything.

China Bus Company Limited Board of Directors

The chairman of the board of directors is Yan Chengkun, one of the founders of the Yan family. He was born in 1903. He is now 77 years old, but he is in good spirits. He leans on a chair with a cane and looks a bit like a 'super boss'.

"Yan Sheng, I have long admired your name! I am He Jiahao." He Jiahao smiled and stepped forward, extending his hand to show his kindness.

Yan Chengkun turned his head and glanced, grunted, turned his head away, and had no intention of shaking hands. His son Yan Jiaqiang looked on coldly, making no move to smooth things over for his old father.

He Jiahao smiled and took Shen Dingqian to greet the other directors. Naturally, the other directors did not dare to behave like Yan Chengkun, and they all spoke kindly and in a slightly flattering tone to please He Jiahao.

Before the greetings were over, Yan Chengkun interrupted rudely and said, "Okay, now that everyone is here, the board of directors will start now. The first thing is to vote for the new chairman. Directors who agree with me to continue to be chairman please vote."

The Yan family has controlled the board of directors of China-Brazil Company for many years and believes that it has managed the company very well. He Jiahao is just an outsider. Even the largest shareholder cannot shake his position. Therefore, Yan Chengkun is very confident and does not regard He Jiahao at all. Jiahao takes it seriously.

Soon, the voting results came out, with 45.6% voting in favor of Yan Chengkun's election, including 31% of the Yan family itself.

"Okay, the number of votes supporting me is out, it's 45.6%. Next, those who support Mr. He Jiahao's election as chairman, please vote." Yan Chengkun said with a smile.

"Wait! Before everyone votes, let me say a few words." Before He Jiahao could finish speaking, Yan Chengkun interrupted, "If you have anything to say, just vote directly. Don't waste everyone's time. I have to go home to cook." Here’s the sugar water.”

He Jiahao did not respond to Yan Chengkun and continued, "Everyone should have heard of me. Now China-Brazil Company owns a large amount of land on Hong Kong Island, and the city is so prosperous. As long as I can be elected as the chairman of the board of directors, I will definitely develop these lands. According to me, It is estimated that the land in North Point alone can allow CMB to earn more than 200 million yuan in profits, and this does not require CMB to pay a dime.

After I am elected, CMB will also reform its business model and its profits will increase by 30% on the original basis. That’s all I have to say, please vote. "

The directors began to look at each other. After one director raised his hand hesitantly, the other directors also slowly raised their hands.

"The number of votes supporting Mr. Ho Ka-ho's election as chairman was 48.3%." An executive director announced, "Mr. Ho Ka-ho was elected as the new chairman of the board of directors of China Bus Company Limited."

Yan's father and son's faces were ashen and they lowered their heads not knowing what they were thinking.

Bang bang bang! !

Applause broke out in the conference room, and the directors looked happy, as if congratulating themselves on the upcoming generous dividends.

"Thank you everyone! I will definitely fulfill my promise just now and bring generous profit dividends to everyone." He Jiahao bent down at 30 degrees with a sincere smile on his face. He was still sitting in his original position because he was now going to catch up with Yan. Cheng Kun was very disgraceful and gave a very bad impression to the directors.

It's just a main seat, He Jiahao doesn't mind, but Yan Chengkun will have to give up his seat next time.

"Please move on to the next item on the agenda." He Jiahao looked at the executive director and ordered.

"Yes, Chairman!" The executive director nodded, quickly opened the document, and said what was to be discussed next, "There are a batch of 68-year-old buses that have been used for 12 years. According to the reactions of passengers and drivers, these vehicles Not only were the bumps serious during the ride”

After hearing the statement, He Jiahao asked, "How much money does the company still have on its account? Is it enough to complete this car replacement?"

"There are 5.7 million yuan of funds in the account, and the car replacement project requires about 6.2 million yuan. The company also needs to leave about 2 million yuan as working capital, so there is still a gap of 2.5 million yuan."

"It is not difficult to raise funds of 2.5 million yuan. You can mortgage some of your properties to the bank and get a loan of 3 million yuan, and then pay it back after making a profit." He Jiahao looked around for a week and said with a smile, "What do you think, directors?"

"I don't think so. The profit from the bus is very low. I don't know when the loan of 3 million yuan will be repaid, and the interest will eat up the profit." Yan Chengkun objected, and during the speech, he gave He Jiahao a hard look, as if he was provoking.

"Do you have any other opinions?" He Jiahao asked with a smile, letting the old guy go for now. It is not appropriate to embarrass Yan Chengkun on other matters for the time being.

Seeing that no one spoke, He Jiahao said again, "Let's vote. Those who agree raise their hands."

As a result, more than 50% of the votes were in favor, and the proposal to replace the car with a loan was strongly approved. Yan Chengkun was so angry that he could do nothing.

He has lost power on the board of directors, and it will be even more difficult to compete with He Jiahao in the future.

After the meeting, Ho Jiahao was congratulated by most of the directors, and the chatting and laughing scene further stimulated Yan Chengkun and his son.

Glancing at Yan Chengkun who left in anger, He Jiahao became even happier and chatted more enthusiastically with the directors.

He Jiahao just felt that Yan Chengkun's embarrassment was very rude. However, in order to successfully control the board of directors of China-Pakistan Company, the Yan family must reduce its shares or even withdraw from the board of directors.

He had thought of a plan, and even if others knew it, they wouldn't be able to say anything about it.

Naturally, we need to find a villain to punish the Yan family.

In the general manager's office

He Jiahao sat and read the company's important documents and found that the situation of CMB was very bad. Although it made profits every year, the profits were like Wang Xiaoer's New Year, which was worse than the previous year. Moreover, the buses began to age seriously. Yan Chengkun was in office. At that time, they were very indifferent to these situations, maybe thinking that citizens must take buses, good or bad will not affect profits.

"What a stubborn old man! He still looks at today's world from the perspective of his previous life. Personnel also needs vocational training. If the service cannot keep up, it will also affect the return rate." He Jiahao sighed.

Yan Chengkun left him with many problems, including economic, personnel, and company structure issues.

As the transportation facilities on Hong Kong Island are getting better and better, there are trams in prosperous areas, subways in large settlements, and KMB is prospering in the New Territories. If CMB refuses to reform, it will naturally be eliminated.

"No wonder China-Pakistan Corporation cannot survive the 21st century. The Yan family is not suitable to be in charge of China-Pakistan Corporation."

He Jiahao was thinking about how to fundamentally solve the difficulties of China-Pakistan Company.