The rise of Hong Kong's wealthy families

Hutchison Building Office, Central

He Jiahao was reading the briefing about Hong Kong Electric Company and fired several foreign senior executives. Connor's "arrogance" was finally suppressed. Ma Shimin began to show his prominence. Although he could not control the company yet, many neutrals had defected to him. Ma Shimin seems to have the momentum to suppress Connor.

Hong Kong Electric is a very stable company, and it is also a major issue related to the normal life of the citizens of Hong Kong Island. Therefore, Ho Ka-ho is willing to use the method of "boiling the frog in warm water" to seize control of Hong Kong Electric instead of directly killing the "Connor Faction" .

If the fight affects the operation of Hong Kong Electric, Ho Ka-ho may have to be invited to have tea with the Hong Kong government. He definitely doesn't want this to happen, because there are still many things that need to use his relationship with the Hong Kong government, such as the North Point power generation Land compensation fees for factory land and Hung Hom land are issues involving hundreds of millions. Obviously Connor is not worth hundreds of millions.

Sitting across from him, Huo Jianning was enjoying his coffee. In his opinion, Ma Shimin was more than capable of dealing with Connor. He had never intervened in these struggles, giving Ma Shimin room to fully develop.

He Jiahao quickly finished reading the briefing and picked up a relatively thick document. As soon as he opened it, the three characters "Eu Yan Sang" hit his eyeballs. When he looked down carefully, he realized that this was a company, engaged in the business of medicinal materials and traditional Chinese medicine. .

Eu Yan Sang Company was founded in 1879 by Yu Guangpei. It was originally a pharmacy named 'Yan Sang', which means 'Benevolence for all living beings'. Under the management of his son Yu Dongxuan, the business scope expanded to the tin mining, rubber, and remittance industries. , later changed 'Yan Sang' to 'Eu Yan Sang', and moved its headquarters from Malaysia to Hong Kong in the 1930s. Now in the fourth generation, family members have gone their own ways, resulting in the family's Lever Wah Bank and Singapore Eu Yan Sang being acquired by other companies.

Today's traditional Chinese medicine is already a sunset industry. In addition, the preparation and processing of traditional Chinese medicine that need to be learned in the traditional Chinese medicine industry are not easy skills to master. Today's young people do not like traditional Chinese medicine.

"We can receive a large number of shares from members of the Yu family, and there shouldn't be any big obstacles." Huo Jianning put down his cup and continued, "Traditional Chinese medicine has come to an end, and Western medicine is more popular. If it is replaced by Chinese patent medicine or health care products, the market It’s promising.”

Ho Jiahao, who is familiar with historical development, does not doubt the prospects of traditional Chinese medicine, but traditional Chinese medicine will not slowly rise until thirty or forty years later. Long-term losses are definitely not in the interests of Hutchison Group, so it must find a new way out.

"Let's acquire it first. The Chinese medicine prescriptions owned by Eu Yan Sang are priceless. As Chinese, we must protect these treasures." He Jiahao said, "There should be a good market for health products with traditional Chinese medicines. Let's focus on development first."

"Yes! After the acquisition is successful, I want to change my name to 'He Yansheng'." Huo Jianning said with a smile.

Changing the name is for sure, Ho Yan-sheng is joking.

"It's not something from the He family. Let's just call it 'He Yansheng'. It's under the Hutchison Group anyway." He Jiahao laughed at himself.

It can easily become a waste for a family to master such a thing. Later, it will become a face-saving project of the family, but it will lose its own meaning.

"Okay!" Huo Jianning nodded seriously. The name 'He Rensheng' is indeed more suitable.

He Jiahao likes this kind of traditional Chinese medicine very much. It is legendary and full of historical charm. However, as a businessman, he has to consider its profitability. After all, love cannot withstand long-term losses, so he found a way for her to appear in front of the world again. A way to survive in the long term.

So Huo Jianning reported on some other things, including the current situation of Parknshop Supermarket, Watsons Cosmetics, and Hutchison Real Estate.

Hutchison Real Estate Company, as one of the five major listed companies of the Hutchison Group, has a market value of HK$1.8 billion, making it one of the top 20 real estate companies in Hong Kong. It also has a specialized construction company, but the property sector is relatively weak, with an asset value of 8. Around 900 million.

Hutchison Real Estate now owns a lot of land to be developed, such as more than 60,000 square feet of land in Aberdeen, Hong Kong, and 43,000 square feet of residential land in Fu Bo Lam. They have been fully developed and the profits are around one billion yuan.

A few days later, news about the subway station construction project and the Central District Bus Terminal site (Exchange Square) came out again. The haze in the real estate industry was lifted a lot, and the market became active again.

Hearing this, He Jiahao laughed. The Hong Kong government also has a lot of tricks. It just issued the news of city adjustment, and now it is engaged in the Admiralty Section 2 subway station superstructure project and the Central District Bus Terminal land auction. This is not a slap in the face. Something?

However, He Jiahao also pondered that the Admiralty Section 2 subway station construction project was absolutely losing money for the time being. The land for the Central District Bus Terminal was acquired by Land Land for a sky-high price of 4.725 billion in a previous life, which was more than most listed companies. Expensive, but this Feng Shui treasure land covers an area of ​​144,000 square feet, with more than 10,000 square meters of complete land. It is a beautiful land that you can't find even with a lantern.

The Central District Bus Terminal site is different from other terminal sites owned by CMB. The Central area was the center of Hong Kong in the 19th century. It is impossible for the Hong Kong government to allocate such a large piece of land to CMB. Instead, it will lease it at a low cost. For use by bus companies.

If it can capture this piece of land, doubling the market value of its companies will not be a problem, but it will also be burdened with heavy debts. Not to mention bargain hunting, there may be a risk of liquidation.

Relatively speaking, the project above the Admiralty Section 2 subway station is more cost-effective. It consists of two high-end commercial buildings, but its location is slightly inferior to that of the Central District Bus Terminal.

However, he still wanted to trick the Land Company so that he could get more properties from it.

Soon, Ho received a call from Hang Lung Chan, asking if he was interested in cooperating to win the Admiralty Section 2 subway station superstructure project. After much consideration, he refused on the grounds that the project required huge funds, but he also expressed his interest in other projects. I am interested in the subway station and hope to cooperate with Hang Lung.

Chen Zengxi naturally would not reject Ho Ka-ho. He talked about the possible subway stations (actually revealed by the top management of the MTR Corporation) and asked Ho Ka-ho to choose a few.

As for the Central District Bus Terminal, Chen Zengxi said that he would not participate in the competition because the funds involved are too large, and because it is the home of the Land Company, no one will be allowed to invest in this land, so the price will be extremely high.

In fact, He Jiahao can use the investment funds in the U.S. stock market to acquire this land. However, from a long-term perspective, this investment can build a family business empire, while the Central District Bus Terminal project can only be used to collect rent and requires at least ten It can only take years to get back the capital, which will make today's great investment environment a missed opportunity.