Chapter 1,340 The Assets of the Richest Man (Part 1)
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"...When it comes to Qiangwei Jewelry Company, we have to mention Dongchao Group. This is the first group company established by our legendary rich man. Originally Qiangwei Jewelry was also a subsidiary of it. However, in the second half of last year, it was removed from the group.
It was spun off from the company and became an independently operated enterprise group.”
"But even so, Dongchao Group still has the 'Taiyige' craft company engaged in the trading of wood carvings, stone carvings, brick carvings, bronze sculptures and other art works; the 'Puhua Red Star Auction House' engaged in art auctions; and the gallery industry.
'Wenrui Gallery'; and 'Chenxiang Pavilion', which deals in ancient art, a total of four subsidiaries! Although the total assets of these four companies are less than half of Qiangwei Jewelry, they still amount to US$1.8 billion!"
"...K. Wah Group was established after Dongchao Group. And like Dongchao Group, K. Wah Hotel Group, which was originally one of the largest subsidiaries of K. Wah Group, has been spun off and operated independently. I think
Many people in the business world are familiar with this group. Yes, it just acquired Starwood Hotels International for US$3.8 billion last month. It has become a joint venture with Hilton Hotels Group and MGM Hotels Group.
It is a hotel giant with more than 2,300 hotels worldwide and total assets of US$13.2 billion."
"It is undeniable that the large-scale expansion of mergers and acquisitions in a short period of time has saddled K. Wah Hotel Group with a debt of US$6 billion! But it can be seen from the 2004 business report just released by K. Wah Hotel Group that the reliance is rapidly
In the growing Chinese market, K. Wah Hotels Group has huge development potential. Of course, again, this company with considerable development potential still has no plans to go public so far. Sorry, writing here. I want to say something bad.
Originally, I could have made a fortune! But now, I can only give the extra money to Hathaway. After all, Buffett is still a trustworthy guy!"
"There has been a lot of gossip, and now we continue to return to the topic. Although K. Wah Hotel Group was spun off from K. Wah Group, it does not mean that K. Wah Group has become an insignificant small company. In fact, it owns K. Wah Group
Hua Travel Agency, Jiahua Tourism Management Company (Qingzhou Yanghe Scenic Area, Guanjiachong Scenic Area, Qilongling Scenic Area and more than a dozen domestic and foreign scenic spots developed by Jiahua Group are under its management), Jiahua Tourism Development Company,
As well as the K. Wah Group, currently the largest travel website in Asia, 'Ctrip.com', it is still a travel industry giant with a total asset value of nearly US$3 billion."
"...The third enterprise group established by the legendary Oriental rich man is called Huayang Group. Maybe many people who don't know much about China's real estate industry don't know much about this company. In fact, this company has just been spun off into Huayang Group.
The two companies of the Group and Huayang Real Estate were originally pan-real estate giants with 6 subsidiaries and a total asset value of US$8.7 billion. Thanks to China's rapidly developing real estate industry, we can predict that this company located in China
One of the top three real estate companies in the industry will become a real estate giant with assets and influence no less than those of Sandax and Horton!"
"... Last month, Hanhua Commercial Bank just opened its 287th branch bank in Jakarta, the capital of Indonesia. This commercial bank absolutely controlled by Hanhua Group is the fourth commercial company established by our legendary rich man.
, and with the establishment of this company, Hanhua Venture Capital (venture capital is called securities in the East) was born. Four financial companies, Hanhua Trust, Hanhua Fund and Hanhua Holdings!"
"First of all, Hanhua Commercial Bank, a commercial bank headquartered in Hong Kong, although not well-known in the global financial community, is the financial core of the entire huge Hanhua Group, and has an astonishing 150 owners.
tons of gold reserves, and as much as 2.5 billion US dollars in bank tier 1 capital! This is enough trust for a medium-sized bank, and it is willing to hand over the funds in hand to manage it.”
"So. In less than five years, Hanhua Commercial Bank has surpassed Hang Seng Bank's influence in Hong Kong! And has become a well-known bank with total assets of 4.2 billion US dollars. I think, if they were not stubborn,
If we choose not to go public, never carry out equity reform, and every branch bank is 100% controlled, I think Hanhua Commercial Bank should develop faster and have higher commercial value!"
"Perhaps due to the relationship between them being separated from the same company, the operating policies of Hanwha Venture Capital, Hanwha Trust and Hanwha Fund remain as conservative as ever. In addition to inheriting the financial assets of Daewoo Group, they may take a step forward.
The recent acquisition of China's Bosera Fund Company has been considered a rare big deal. However, although the business strategies of these three companies are relatively conservative, their development in the past five years has still made each of them become financial giants with assets of no less than US$1 billion."
"Compared to the four peers, Hanhua Holdings may have developed the fastest since its establishment. Hanhua Holdings controls the shares of a series of high-quality companies such as Google, Amazon, Apple, Boeing, China Mengniu, Baidu, Hengyuan Real Estate and other assets.
Compared with less than US$200 million when it was established in 2001, it has now expanded into a super giant with assets of nearly US$14.5 billion!"
"In particular, the 25% of Google shares, 12.3% of Apple shares, and 12% of Amazon shares that it holds in its hands have become the high-quality stocks that Wall Street financiers most desire to own. These stocks provide Hanhua Holdings with a
Nearly half of the total assets. In addition, it is no secret that Google will be listed this year, and the industry, especially the financial community, is very optimistic about the future of the world's number one online search company. It is conceivable that after Google is listed, it will have other
The assets of Hanhua Holdings, which owns 25% of the shares, will increase significantly again! I have to say that the investment vision of our legendary rich man is really enviable, even jealous!"
"...Cathay Pacific Airways, Global Trading Group, Shangyuan Engineering Group, and Lejia Group. The reason why these four enterprise groups are mentioned together is mainly because they are all based on Swire Group Hong Kong Co., Ltd. 02
In 2018, after our Oriental tycoon acquired the absolute controlling stake in Swire Group's Hong Kong company for nearly US$6 billion, he split the company and exchanged the beverage department, which contributed half of the company's profits, to Swire in exchange for
Swire Group holds absolute controlling stake in China Thai Airways, Swire Hong Kong’s trading department, and shipping department!”
"Perhaps, this equity exchange is due to the absolute, somewhat surprising, and even confusing control of our legendary rich man from the East. But it is undeniable that after this share exchange, the four companies
They have been established one after another and have achieved remarkable development. In the past three years or so, they have acquired more than a dozen companies such as China Shangyuan Group, South Korea's Daewoo Group's trading department and engineering department, and Brazil's Transamerica Airlines.
industry company, it has successfully expanded its business scope and strength. To this day, Cathay Pacific is an international aviation giant with 8 branches, 248 passenger and cargo aircraft, and assets of nearly 13 billion US dollars."
"Compared to the rapidly developing Cathay Pacific Airways, Global Trading, Shangyuan Engineering Group and Lejia Group, the combined asset scale may only be comparable to them. However, judging from the 2004 development plans announced by these three companies, with their rapid development
In the developing Chinese market, their development speed will surpass Cathay Pacific Airways, which cannot enter the Chinese aviation market. In particular, Shangyuan Engineering Group, which has won 20% of the large order in the construction of Yanjiao New City in China, will surely usher in a doubling of assets.
.I have reason to believe that its future will surpass Cathay Pacific!”
"...the original Hanwha Bank was divided into five, and five major companies were born: Hanwha Commercial Bank, Hanwha Venture Capital, Hanwha Funds, Hanwha Insurance and Hanwha Holdings. Swire Group Hong Kong Co., Ltd. was divided into four
, Cathay Pacific Airways, Global Trading Group, Shangyuan Engineering Group and Lejia Group were born. And similar to these two companies is Daewoo Group!"
"Originally, this Fortune 500 company headquartered in South Korea was knocked down by the 1997 Asian financial crisis. Many high-quality assets attracted the covetousness of capitalists from all over the world. But what is unexpected is that the originally inconspicuous Hanhua
The group had the last laugh. Although due to confidentiality, the specific acquisition price of Hanhua Group is not clear to the outside world, but according to professional assessments, its acquisition price will not be less than US$40 billion!"
"Of course, in the absence of actual evidence, we cannot speculate on the authenticity of the US$40 billion acquisition price. But considering the scale and potential of Daewoo Group's major industries at the time, this acquisition price still has a certain degree of credibility.
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"Today, one year has passed since the Daewoo Group was acquired. The Daewoo Group that once attracted the attention of world capital in one year has now become the larger Daewoo Motors, Daewoo Heavy Industries, and Daewoo Marine under the Hanwha Group.
Shipbuilding, four subsidiaries of Daewoo Electronics. And with the abundant financial support of our legendary Eastern tycoon, Daewoo Motors' 400,000-car production plant in Caofeidian Industrial Zone, Tianjin, China has begun construction. If the construction of this branch plant is completed
If this happens, Daewoo Motors will become one of the top ten international automobile giants with an annual output of 2.3 million vehicles of various types."
"Furthermore, Daewoo Motors also holds 18% of the shares of Renault, France's second largest automobile company. In addition, according to reliable information we have received from the French Renault Company, Daewoo Motors has recently been seeking to acquire more shares of Renault. Perhaps
In another year, or even less, we will get news of the merger of the two companies!"