The rise of Hong Kong's wealthy families

Early August

Manulife Development Company and Huanghe Industrial Company jointly established Honghe Investment Co., Ltd., of which Manulife Development held 40% of the shares and Huanghe Industrial Company held 60%. On the same day, Honghe Investment Company announced that it held 31% of the shares of Grand Hotel Group Company. According to Xiangjiang Company Law, requesting two board seats from the Grand Hotel Group.

The Kadoorie family is holding a family meeting. There are only three people attending the meeting: Lawrence Kadoorie, Horace Kadoorie, and Michael Kadoorie. The first two are brothers, and Michael is the junior.

"Everyone said that the Liang family is not trustworthy. They actually sold their shares to He Jiahao just because they wanted He Jiahao to buy the hotel." He Lishi was the first to say angrily. The old man wanted to eat He Jiahao.

When Liang Zhonghao discussed the sale of shares with the Kadoorie family, he originally wanted to sell it to the Kadoorie family at a high price, which would not only make a small profit, but also fulfill human relations and moral principles. Unfortunately, at this time, the Kadoorie family invested all their funds in CLP Power The company simply cannot afford such a huge amount of funds.

So in order to maintain the family's position in the hotel group, Lawrence and the others put forward a request to 'sell separately', and Liang Zhonghao agreed to their request. Even now, the Kadoorie family still does not think they were wrong.

"Honghe Investment Company only asks for two board seats, which is legal. If we prevent them from entering the hotel, I am afraid that external public opinion will also turn to their side." Rowlands analyzed.

"How about we release our goodwill and introduce them to the board of directors, and like Liang Zhonghao, they manage the real estate business, and we continue to be in charge of the hotel business. Li Jiacheng is the major shareholder of Honghe Investment Company. This person does not have a bad reputation in the industry and should be a kind person. People." Michael didn't want to have any conflicts with the two tycoons. The family was in a weak stage and could barely maintain the operations of the China Electric Power Company and the Grand Hotel Group. If problems arise, there will only be many problems.

Luo Lanshi shook his head and said painfully, "Mi Gao, you are not a qualified successor, and your analysis of Li Jiacheng is biased. Who can be a good person who can cooperate with He Jiahao? The Chinese and we are enemies to begin with. I have forgotten that He Jiahao and Li Jiacheng jointly carved up Hepu International, and it is also reasonable to divide the Grand Hotel."

Mi Gao frowned and did not refute his father's words because he could not think of a better way.

"We know their conspiracy, but we are so indifferent? Our family is a famous family in Xiangjiang, not a small person." He Lishi said still angrily.

"Acting without authorization will only shorten our preparation time. Let the media expose Honghe Investment Company's conspiracy first. We must let everyone know that He Jiahao and the others are a group of evil wolves who want to take away the hotel." Rowlands said.

So the three began to discuss the details of the matter reported by the media, preparing to let He Jiahao and others have a taste of the power of Jewish tactics.

The next day, He Jiahao saw the Kadoorie family's attack on Honghe Investment Company from the newspaper. He just sneered and murmured, "If you could drive away your opponents with words, the world would have been in chaos. In the hearts of investors, Money is so much more important than morality."

However, he still called Li Jiacheng, who finally came to take charge of the confrontation with the Kadoorie family.

The first step in the restructuring of Wheelock's debt has been completed. Nearly half of the ships have been sold to other companies, and Consolidated Enterprises no longer holds a stake in parent company Wheelock.

Wheelock still has a debt of HK$700 million, and its assets have shrunk significantly, but it is still among the ranks of large companies.

"At present, the company's ships have 630,000 tons left, and 600,000 tons have been sold. If the sales continue, the debt should be paid off, but the company will lose about HK$1.1 billion." The new director Richard reported.

Richard graduated from New York University in the United States and has worked for Wheelock Company for 5 years. His previous position was the business manager of Wheelock Shipping Company. Now he has been appointed by He Jiahao to become the director of the parent company responsible for shipping. It can be said that the fish leaps over the dragon's gate.

"Sell another 230,000 tons of ships and keep 400,000 tons. Today's Wheelock is full of holes, and shipping still has a long hibernation period. We need to meet a new round of challenges." He Jiahao looked at Li Chad, a foreigner, said.

"Yes, I'll make arrangements right away. But what's the matter? Wheelock is reducing its shipping business. Does it need to develop in other industries?" Richard is a power-hungry British man.

Wheelock Company's main business is ships. Now that the number has been reduced, it is natural to find substitutes.

He Jiahao had already thought about this problem and said, "The next industry that Wheelock Company will enter is electronics. Now that Hong Kong has introduced electronic manufacturing, Wheelock Company will get a piece of the pie. Director Li, you first put the 230,000 tons The ships will be sold, and then several electronic manufacturing companies will be acquired. As for the main products, I have already thought about it, and we will discuss it in detail when the time comes."

"Yes! I will do what you ask He Sheng." Richard has seen He Jiahao's domineering style.

"Director Zhang, what's going on with Federal Real Estate and Real Estate Trust, a subsidiary of Wheelock Company?"

Zhang Weitan, a native Chinese in Hong Kong, graduated from Hong Kong University. He has worked at Wheelock for 8 years and is very familiar with its real estate business.

"The Real Estate Trust Company is operating well and still has HK$430 million in cash on its account, which can be used to expand in real estate; the situation of Federal Real Estate Company is not very good. Although it has a large number of Central properties, its debt is close to 50%. Today's rents It can barely repay the bank's interest, but as long as the local market rises, Federal Real Estate Company can get out of the crisis." Zhang Weitan reported honestly.

"Let's do this. I remember that Federal Real Estate still has a lot of land to be developed. Let Real Estate Trust and Federal Real Estate cooperate to develop it. One will provide the money, the other will provide the land, and the profits will be split 50-50."

Seeing that Zhang Weitan still had concerns, He Jiahao explained, "The cold winter in the city is about to pass, and we must be prepared to welcome the sun."

"Yes!" After hearing this, Zhang Weitan knew that He Jiahao had already decided.

Next, He Jiahao made arrangements for other businesses, without missing any of Wheelock's existing resources.

Wheelock Company seems very dangerous, but in fact as long as the shipping issue is properly handled, it is still a company with great potential. Federal Real Estate Company's residential properties in Central are valuable, and the Wheelock Building in Central is even more valuable. 700 million or 800 million (the city is not good, the peak value is more than 1 billion).

Of course, it will take a relatively long time for the 2.2 billion invested by Manulife Development Company to recover, and it should be possible to earn it back before the 1990s.

The premise is that Wheelock can earn a lot of profits in the electronics, real estate, and high-end retail industries.