The Industrial Giant Reborn

Chapter 183 Hutchison's Annual Meeting

The Hung Hom area spent more than 4 million Hong Kong dollars for industrial and commercial transfers. This is actually in line with the land price of Hung Hom. After all, it is close to the sea, and the Star Ferry can go directly to the bustling areas such as Central on Hong Kong Island. At the same time, there is the Hung Hom Submarine Tunnel nearby, transporting the whole The trains for Hong Kong’s daily necessities are also unloaded after arriving at Hung Hom. Many parties jointly drive the population and economy of Hung Hom. If Hung Hom is included in the future subway planning, the future of Hung Hom must be second only to Kowloon Peninsula.

What really attracts the attention of many people in Hong Kong is that Hutchison was heavily in debt half a year ago and almost went bankrupt, but now it has the ability to spend 4 million Hong Kong dollars at one time to transfer the land to industrial and commercial use.

Moreover, since the industrial reform has been carried out, it must be developed immediately, otherwise, isn't it a fool to spend [-] million for nothing and then put the land there?
With such a large project, there is too much space for activities.

On January 1, Hutchison Building Headquarters:

Today, all the top leaders of Hutchison Hutchison are gathered here, because this is the first formal annual management meeting after the merger of Hutchison Whampoa. The main purpose is naturally to summarize last year's achievements and goals for the next year.

In the meeting room on the highest floor of Hutchison Building, about 20 Hutchison executives, including Richard, Zhou Jiayang, Cai Xiangnong, Wei Peter, Xia Boyu, John Jones, etc., are already waiting in the meeting room. The high-ranking executives, right now, naturally have to sit here early, waiting for the boss to arrive.

After a while, the door opened, and Chen Zhiwen walked in with a secretary.

"Hello, chairman." Everyone stood up.

"Sit down." Chen Zhiwen beckoned.

He has been in Hong Kong for more than three years. He is used to meetings without computers and other electronic products. He opens his folders and notebooks. These are prepared for him by the secretary before the meeting. As for the notebooks, they are just notes. Meeting recorder, but some things still need to be recorded by yourself.

"Everyone, the main purpose of this meeting is to summarize the development of Hehuang in the past six months, as well as the future development plan." Chen Zhiwen paused and said: "From the formal establishment of Hehuang to today , In fact, it has not been half a year, but in the past six months, we have given up a lot of business, but we have also achieved higher improvement in some businesses, so I would like to thank everyone in advance.”

After speaking, Chen Zhiwen was the first to applaud, and then everyone applauded at the same time, and more than half of the Chinese were even more excited.

In the past six months, Chen Zhiwen has also promoted outstanding Chinese many times and sent them to Hutchison's senior management, while some British ghosts who were not obviously submissive directly sold all the businesses in charge of the other party.

disobedient?Your business is gone, why do you still need it?
In the past, Li Jiacheng did not dare to deal with British capital after holding the holding and Huang Huang, because he wanted to take over most of the normal business with Huang, and wanted to take over all of them smoothly, but Chen Zhiwen was different, except for a few core ones, Everything else doesn't matter at all.

With a golden finger who knows the future, even if it only develops one business, it can reach a huge scale, while normal people, even if their business ability is as strong as Li Jiacheng, still have this strong uncertainty about the future. Under such circumstances, many of Hutchison's businesses were developing normally, and without absolute certainty, Li Jiacheng naturally did not dare to take action against Hutchison's management at will, until after three or four years of running-in, he slowly sent people to infiltrate Hehuang , in the original history of 1983, Li Jiacheng officially drove away Hutchison's top British ghosts.

Because Li Jiacheng didn't dare to touch the ghosts at will, the ghosts were very arrogant, crowding out the Chinese everywhere, and fighting for the rights of the company, but now it's completely reversed, a large number of businesses are sold, and only those who are willing to persuade can stay, and those who are not willing to follow fuck off.

If it wasn't for the consideration of Hutchison's overseas business in the future, plus his original commitment to Richard and the need for British ghosts in the port and some businesses, Hutchison would have been completely taken over by the Chinese long ago.

"Then, let me introduce the development of Hutchison's internal businesses." Richard got up and stood up.

"Let's start with the trading business first."

Richard introduced Hutchison's business step by step, expressing the performance of the previous year with the most clear data.

"Hutchison Trading Company, the total transaction volume last year was 6.7 million Hong Kong dollars, including 8500 million Hong Kong dollars in mechanical processing equipment and mechanical products, 2.1 million Hong Kong dollars in construction, 1.08 million Hong Kong dollars in steel products, 7300 million Hong Kong dollars in clothing, automobiles, motorcycles, The bicycle category was 8700 million Hong Kong dollars, and the other categories were 1.07 million Hong Kong dollars, an increase of about 16% year-on-year. The main increase came from steel and construction, and the net profit was about 2100 million Hong Kong dollars."

"Last year's real estate market can only be said to be a little better than in 74, with such a big increase. Before the real estate crisis, how much was the transaction amount in a year?" Chen Zhiwen asked.

Hutchison's trading business is actually one of the main businesses, the amount is not small, and Chen Zhiwen knows it, but he doesn't care too much, because the main demand for this trade is Hong Kong, that is, what Hong Kong needs, Hutchison Trading buys it from overseas In return, the upper limit was limited by Hong Kong.

"In 1972, the transaction volume of Hutchison Trading was almost 8.9 million Hong Kong dollars. At that time, Qi Dezun was going to hit one billion, but then encountered a real estate crisis." Richard replied.

"One billion? That's not bad." Chen Zhiwen nodded and said, "Go ahead."

According to Chen Zhiwen’s definition, it belongs to the second category. It can make money, does not have too much risk, does not have heavy investment, but has little potential. It is bound to Hong Kong. Maybe when Hong Kong’s real estate explodes in a few years, it will be have a certain value.

The business of trade is relatively simple. Richard quickly talked about the business of port berths, ship warehouses, warehouses, foreign wine, insurance, hotels, etc.

After listening to it for a while, Chen Zhiwen felt that it was too complicated. Even after last year's weight loss, Hutchison still had too many businesses. In his expectation, seven or eight core businesses would actually be enough to develop each business well. , not to mention that everyone has reached the world level, as long as they have enough status in the region.

After a while, Richard finished speaking, and Zhou Jiayang took over, talking about Hutchison's real estate business.

"Everyone, Hutchison currently has 38 real estate projects under development last year, 21 of which are in cooperation with outsiders. Hutchison is not involved in the operation and is only responsible for financial supervision. The other 17 projects are our own. Yes, pre-sales are already in progress.

The total value of these projects under development is about 10.5 billion Hong Kong dollars, with debts of 6.9 million Hong Kong dollars. After including interest and supplier payments, after the completion of the project this year, the expected net profit is about 1.3 million Hong Kong dollars.

We and Huang still have a lot of land and some warehouses and old buildings in good commercial locations, but this year, we are not planning to develop these places, but to gather the strength of the entire company to develop our piece of land in Hung Hom , which is the upcoming Whampoa Garden. "

"Whampoa Garden?" Several people in the conference room looked at each other. They all knew that the land had recently been transferred from industry to business.

Chen Zhiwen said, "Qianqian, send out the layout plan."

"Okay." Secretary Qianqian sent all the drawings.

Cai Xiangnong took the blueprint, and at a glance saw the densely packed floors, there were dozens of buildings, and in front of the building, there was also a large commercial plaza named Huangpu Plaza.

"This is the top view of our Whampoa Garden. There are a total of 93 residential buildings with an area ranging from 500 to 1300 square feet. They are mainly small households. The total number of households is 16885. There is a large commercial plaza in front with an area of ​​about 160 million. There is a dragon for eating, drinking and playing inside, and the structure is similar to Taikoo City," Chen Zhiwen said with a light smile.

The famous Wanda Plaza business model in the Mainland was not an invention of Lao Wang, nor even Hong Kong. However, it is not clear where it originated, but Hong Kong has had similar property projects for a long time.

The same is true of the Huangpu Garden project. There are a large number of residences in the back, and a large commercial plaza in front. There are a lot of entertainment, catering, supermarkets and other items inside to facilitate future residential owners. The tens of thousands of stable customers in the back will also be commercial. A stable source of customers for the square, plus there are special hotels and office buildings above the shopping mall, have the same effect.

These are bound to each other to form the most basic stable structure of interests.

Chen Zhiwen continued: "How to build this project is not the topic to be discussed today. What I want to say is that because of the agreement I reached with the Governor of Hong Kong MacLehose, Whampoa Garden will not be built in several buildings like Taikoo Shing. The construction will be divided into three phases, 20 buildings in the first phase, 30 buildings in the second phase, and the remaining 53 buildings in the third phase. I need to pre-sell all the houses before the end of 1978.

The project of Whampoa Garden is twice the size of Taikoo Shing. It can be said that it is the largest residential project in Hong Kong history. A lot of resources of the entire group will be devoted to this project, but don’t worry everyone, we will not randomly deploy various businesses funds. "

In fact, judging from the future trend of land prices in Hong Kong, although housing prices will be halved in 1982-1984, this is compared with the highest point in 1982. In fact, the housing prices at the lowest point in 1984 are similar to those in 1980. In the real estate crisis, the worst part is actually those leeks that took over at high positions.

Compared with the current 1976, the housing price in 84 has still increased several times, so from the perspective of real estate income, it seems more cost-effective to build it and hold it for a long time. If all the land in Hung Hom Port is built into high-end apartments, high-end hotels, office buildings, Shopping malls, after 20 years, will definitely be worth more than 3000 billion Hong Kong dollars.

But jumping out of real estate, the income of many special opportunities is much stronger than that of real estate in Hong Kong, such as a major financial opportunity in 1979.

This is why Chen Zhiwen decided to develop all the land in Hung Hom into a residential area, and then sell it, as Li Jiacheng did, because with enough cash, there will be more suitable investments. Besides, no matter what is built on such a large land, probably It needs 20 billion Hong Kong dollars in funds. If you hold it yourself, you have to play He Huang, who is already heavily in debt, to death.

Long-term holding is the investment method you should choose when your scale is super large. Even if there is no financial market, if you get the money and continue to develop it, and have the ability similar to Li Jiacheng, you can earn more money than holding properties in Central Much more, unless the scale is too large and the capital is unlikely to double, then you can only invest in real estate like real estate.

"Understood." Zhou Jiayang nodded and said, he naturally knew what the boss meant.

"OK." Richard also agreed, and the others naturally expressed their opinions.

It just didn’t make a few British ghosts feel at ease. It might be true that we didn’t transfer funds, but when we were really short of money, we sold our entire business department.
It will be much easier to manage if you convert a completely unintelligible Hutchison into an understandable and promising business.

After the meeting, Chen Zhiwen personally invited Zhou Jiayang to a steak restaurant downstairs in Hutchison to compensate for the high-end craftsmanship of a Michelin chef from France.

"Chen Sheng, He Huang paid the Hong Kong government 4.2 million Hong Kong dollars in funds, and the land will be leveled soon. We need a loan from the bank. Now the land in Hung Hom is a very good mortgage." Zhou Jiayang said with a smile.

PS: Recently, I am saving manuscripts, and the updates are a little bit less. The main reason is that I may travel at any time. Once I am on a business trip for a week, I cannot code words. The risk of breaking the update is too great, so I can only control the amount of updates now.

When the time stabilizes in the future, the number of updates will still come up. After all, people like us make money by writing, and we will not be troubled by money. Thank you for supporting the genuine version.

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(End of this chapter)