The rise of Hong Kong's wealthy families

Monday, June 25

When the stock market opened at 9:30 in the morning, Wheelock's stock price continued to fall, and many investors sold in large quantities.

He Jiahao did not choose to buy immediately because the analysis report of Manulife Development Company's team showed that the stock price would fall to 4.6 yuan. That would be the most appropriate time to maximize the interests of Manulife Development Company.

As for the interests of shareholders, He Jiahao believes that stock trading is a kind of gambling, and you have to bear the responsibility for winning or losing. If investors are not greedy and stop after making a little money, then capital will not be able to cut leeks.

The Qiu Deba consortium is still selling shares of Wheelock Company, but the number of shares is too large. Once all the shares are thrown into the stock market, the stock price will naturally fall sharply. For the benefit of the consortium and to quickly withdraw funds, Qiu Deba has to let go Someone contacted He Jiahao and wanted him to take over those Wheelock Company stocks.

In a private room at the Mandarin Oriental Hotel

The middleman for this meeting was Zheng Yutong, and Zheng Yutong and Qiu Deba got involved in opening a jewelry store in Singapore. Qiu Deba helped Zheng Yutong get government personnel, so that Chow Tai Fook Jewelry Company could develop and expand in Singapore.

"He Sheng is as young as the rumors, but it only took him 6 years to build a stronghold in Nuo Da. It's really enviable!" Qiu Deba took the lead in complimenting He Jiahao, with a warm smile on his face.

"Qiu Sheng has won the prize!" He Jiahao said with a hidden smile, "For this acquisition war, I acquired 30% of Wheelock Company's stock in the early stage, otherwise Wheelock Company would have been Qiu Sheng's."

"I didn't know that He Sheng had secretly acquired Wheelock Company. Otherwise, I wouldn't have taken action against Wheelock Company. I didn't do it right." Qiu Deba's attitude was very low. I just want to sell my stocks smoothly.

Zheng Yutong glanced at He Jiahao, and the meaning was very clear. He told He Jiahao to stop as soon as he saw what he was doing. There was no need to take advantage of him.

"Uncle Tong has already mentioned to me the things to be discussed in this meeting. At what price does Qiu Sheng want to sell to Manulife Development?" He Jiahao asked with a smile. Uncle Tong must give him face.

"The current market share price is 5.2 yuan. I am willing to sell it to He Sheng for 5 yuan per share. How about it?" Qiu Deba said.

Originally, the price was a bit high, but He Jiahao was willing to buy them all for Zheng Yutong's sake.

"Okay, just do what Mr. Qiu said." He Jiahao said with a smile, "In fact, investing in Wheelock Company is a good deal. As long as the local market recovers, Wheelock Company's liabilities will not be a big problem."

There are still some words that He Jiahao has not said. The shipping company under Wheelock Company will definitely suffer heavy losses, but He Jiahao can sell some ships to Hutchison Group. It is better to make it easier for others than to make it easier for his own people.

Of course, a tycoon like Qiu Deba would not succumb to others, and the purpose of his coming to Hong Kong was to establish a consortium. How could he waste funds on Wheelock Company.

Not everyone has funds like He Jiahao.

He Jiahao knew Qiu Deba's thoughts and generously invited Qiu Deba to invest, otherwise he would not be willing to say such things.

"Sorry, I appreciate He Sheng's kindness." Qiu Deba sighed and said, "The company does not have much funds. There must be a listed company belonging to Qiu's company in Xiangjiang, otherwise it will not be able to gain a firm foothold in Xiangjiang."

He Jiahao looked at Zheng Yutong again and asked with a smile, "Is Uncle Tong interested in taking over?"

According to Zheng Yutong's character, He Jiahao was silent and Zheng Yutong would never ask these things.

Zheng Yutong also shook his head and said, "The investment in Land Company has caused New World Development to owe a lot of debt, and New World Development has other plans, so it does not have much money to invest in Wheelock Company for the time being."

He Jiahao smiled, started to change the topic, and chatted with the two for more than half an hour before leaving.

He Jiahao has no way of knowing the price of Hui Defeng Company's stock when Qiu Deba and John Madden traded it. However, according to John Madden's character, the stock price will definitely not be lower than 5.5 yuan, so Qiu Deba is destined to lose money this time. 3 cents per share, with a total loss of no less than HK$50 million.

The next day, He Jiahao took some staff transferred from his subsidiary companies and prepared to take over Wheelock Company.

In the huge conference room, He Jiahao directly announced the appointment of personnel in the Finance Department and the transfer of some employees in the Administration Department. This controlled some important departments of Wheelock Company, while preventing some people from acting illegally and causing Wheelock to fall into new difficulties. .

The situation of Wheelock Company is much better than that of Land Company. Both human resources and debts are relatively easy to solve.

"The position transfer just made is only temporary. If someone has outstanding ability and is dedicated to planning for Wheelock Company, then his position will definitely be promoted. As the chairman of Wheelock Company, I must understand Wheelock Company's The real situation requires someone to solidly implement the company’s decisions.”

He Jiahao followed the same old approach, first controlling important departments, then increasing the salaries of company employees, and slowly solving the remaining problems. After all, Wheelock's problems cannot be solved in a short time.

"The next thing is Wheelock Shipping Company. Its ships must be sold in large quantities to raise funds to repay debts."

As soon as He Jiahao finished speaking, someone retorted, "He Sheng, the ships of the shipping company are important assets of the group. If they are sold now, the company will probably suffer heavy losses. When Mr. John was in office, he tried to sell even new ships." It’s also a 30% loss.”

"Since you have such suggestions, please tell us how we can solve Wheelock's debt problem." He Jiahao asked with a smile, but his smile was a bit scary.

"I think we should wait for the local market to pick up, so that the company's debt problem can be solved by itself."

"Your suggestion is to transfer the debts of the shipping company to other companies. Any employee of the company can come up with such a suggestion. Do you have any other suggestions?" He Jiahao stopped his smile and asked seriously.

".Not yet!"

"Well, let me give you a suggestion. You can continue to follow your former boss, Mr. John Madden, because Wheelock Company no longer has a place for you." He Jiahao directly fired such an executive.

After the executive left, He Jiahao chuckled and said, "If anyone thinks that the suggestion just now is a good one, you can leave. Wheelock Company does not raise idle people. If there are really employees with good suggestions, I can directly Reward him with a house and a car, but if he wants to fool me, he can leave."

Seeing the silence in the conference room, Ho continued to talk about his restructuring plan for the company's debt, which involved Hutchison Group's purchase of ships from Wheelock Shipping Company and the sale of shares of subsidiary companies held by Wheelock to Manulife Development Corporation.