Chapter 552: Reorganization of Consortium Enterprises
Think back to the beginning
The slightly inexperienced young businessman Wang Yaocheng, who was once ostracized and underestimated by Hong Kong's top rich, showed his ferocious face and was ruthless in dealing with the targets he liked.
No one knows how big the appetite of the God of Wealth King is?
No one knows where the boundaries of Wang's property expansion are?
Once a head-on battle begins
Faced with the powerful landing of the dragon with American capital, the local wealthy business families are just like chickens and dogs and are completely vulnerable.
Think about it
The fourth uncle Li Zhaoji, who had long experience in business, knew that the strength of the two parties was not on the same level at all, and Henderson had no chance of winning. After careful consideration, he finally gave in.
He handed over this piece of golden land and traded it to the Royal Family Fund at a low price as a certificate of investment.
Although the Fourth Uncle's flesh aches, compared to the life and death of the family's flagship Henderson Land Development, a piece of prime land on the coast of Victoria is much lighter.
Li Zhaoji's decision aroused strong opposition from within the family and from the top management of the family business, but he suppressed it all.
As the saying goes, having an elder in a family is like having a treasure.
Now it seems like a stroke of luck. Cheung Kong Holdings and Hutchison Whampoa, the flagship companies of the Li Ka-shing family that insisted on non-cooperation, have been swallowed up by the Wang consortium. There is no splash at all.
The Ng family, who are also top tycoons, lost their shares in Wharf and were reduced to second-rate billionaires. The Swire Group's Swire Group Swire family and the Kadoorie family, which have been in Hong Kong for more than a hundred years, have long since been ruined and empty.
from beginning to end
Even the royal family funds have not taken action against Henderson, probably because of the good relationship they formed at the beginning.
The original 260 acres of land for the second phase of the Hong Kong Financial Center, plus the 85 acres of land held by Wharf Group, total 340 acres, which is just enough to accommodate the huge Royal Plaza project.
This is the only large area of land in the entire Hong Kong Island. Since then, no land larger than ten acres can be found in Hong Kong Island where there are many high-rise buildings, unless the original high-rise buildings are demolished and rebuilt.
If they want to develop, Hong Kong real estate developers can only set their sights on Kowloon, the New Territories and other places across Victoria Bay, where there are still large areas of developable land.
Closer to home
The three-day 2004 second fiscal quarter CEO summit was held grandly at the Royal Center Building. Wang Yaocheng, chairman of the consortium, announced on the spot;
All future summits will be held here without exception.
at the meeting
The consortium's operations were reorganized and several key appointments were announced;
Gao Feng, the former secretary-general, was appointed as the secretary-general of the Royal Family Fund, which is equivalent to the position of general manager and belongs to the vice-chairman level of the consortium.
The scope of duties includes overall responsibility for the secretariat and the operation of Royal Plaza, including the four giants of Hong Kong Swire Properties, Wharf Group, Cheung Kong Holdings and Hutchison Whampoa, as well as the two giants of Mainland Pacific Real Estate Company and Côte d'Azur Real Estate Company, all of which belong to the Secretary-General
Direct management.
This means that the six major real estate companies in the consortium have formed a complete real estate sector, and they are also brother companies that compete with each other in a healthy manner. They are facing the same target externally, forming a combined force of one plus one that is greater than two.
Appointed Zhang Rujing, former president of Atlantic Jinko Group, as vice chairman of the Royal Family Fund. His duties include;
Atlantic Jinko Group, Hynix and TSMC, Dutch ASML, and Japan's Tokki Co., Ltd., which produces advanced evaporation machines, conduct integrated management of the entire chip industry to avoid duplication and waste of resources.
Dong Mingzhu, the former president of Huanghe Technology Group, was appointed as the vice chairman of Royal Family Fund. His duties include;
Enterprises such as Huanghe Technology Group, Panda Electronics, Gree Group, Pacific Home Appliances Chain, and Pacific Electronics Computer Company have formed a one-stop segment for domestic home appliance production and sales, which has greatly enhanced their ability to compete with the world's home appliance giants.
Qi Yafei, the former president of Arctic Ocean Holdings (Hong Kong), was appointed as the vice chairman of Royal Family Fund. His duties include;
All network high-tech companies under Bingyang Holdings (Hong Kong), including Red Hat Systems, listed companies Athlon Microprocessor Company, AMD, Google website, Amazon website, YouTube website, Tuku website, etc., have almost integrated the Internet high-tech companies.
Technology companies are all covered in one fell swoop.
Appointed former HSBC Executive Director and CEO Mo Yuxuan as Vice Chairman of Royal Family Fund, with scope of duties ~ HSBC Bank.
Appointed former Cisco Chairman and CEO Chambers as Vice Chairman of Royal Family Fund, with scope of duties ~ Cisco.
Appointed former Pacific Holdings (Hong Kong) Chairman and CEO Yu Chengde as Vice Chairman of the Royal Family Fund, with scope of duties ~ Cathay Pacific Airways, HAECO, Hong Kong China Electric Power Company, Hong Kong and China Gas Company, Swire Trading, Swire Shipping and dozens of other companies
holding company.
Former Caribbean Holdings (Hong Kong) Chairman and CEO Huo Jiaquan was appointed as Vice Chairman of Royal Family Fund. His duties include consortium corporate mergers and acquisitions, integration, guidance on listing and asset operations.
Zhang Shuguang, the former chairman and CEO of Atlantic Business Machines Company, was appointed as the vice chairman of the Royal Family Fund. His duties include Atlantic Business Machines Company, Yangtze River Technology Group, and cover the operation and promotion of mobile phone brands such as OPPO brand, Dell brand, Polaroid brand, and Playboy brand.
At this time, nine vice-chairman-level executives of the consortium were appointed, including the secretary-general. Each of the eight vice-chairmen has a large amount of subsidiary business in their hands, and they are truly powerful.
According to the industry classification, their respective responsibilities are divided, and they will bear more management responsibilities.
In this way
Wang Yaocheng can be freed from the heavy management work and think about the long-term strategy for the next development of the consortium, instead of taking up too much time with trivial matters.
Of course, there are still some giant companies that are not included and are still under the direct control of consortiums.
Corning Incorporated and Marvel Animation are concerned about stability. The company leaders are not deeply involved in the internal management of the consortium. Their personal abilities are partial and they are not suitable for promotion for the time being.
Including Carrefour Supermarket Group, Hong Kong and Shanghai Hotels Company (including Sears Hotel Group), Global Communications Company, etc., the global expansion of these companies has temporarily come to an end. The chairman and CEO of the company and other top management personnel have not been in office for long, and most of them have been in office for two to
In five years, there is no need to consider too many promotions at the moment, and it is not advisable to make too many changes.
Second Fiscal Quarter 2004 Summary Data
Excluding the portion retained by each company as dividends, the consortium's cash pool reached US$72 billion, a record high in history.
overall
The chip industry is in a state of monopoly and huge profits, and high-tech network companies are still developing at full speed with many bright spots. HSBC continues to expand steadily and has achieved good operating income, and will continue to contribute profits to the consortium.
As competition intensifies, the profitability of manufacturing industries, including Atlantic Business Machines and Gree Group, gradually decreases.
This is particularly evident in Atlantic Business Machines' financial report.
Second fiscal quarter 2004 April to June
The office supplies business, including copiers, money counters, scanners, etc., has sales of US$4.233 billion and profits of US$514 million, occupying 36.4% of the world's office supplies market share, ranking first in the world.
The OPPO brand shipped 3,420 units including desktop computers and notebook computers, with sales of US$16.76 billion and profits of US$1.498 billion. It occupied 26.34% of the world's office supplies market share, ranking first in the world.
Consumer electronics products include mobile phones, MP3 players, etc., with sales of US$18.9 billion and profits of US$2.698 billion, surpassing Nokia mobile phones for the first time and ranking first in the mobile phone market in the world.
As a high-end brand in the international market, OPPO's brand reputation and profitability are unquestionable. Its gross profit margin is close to 30%, and its net profit from external expenses exceeds 12%.
compared to before
A few years ago, Atlantic Business Machines' gross profit margin once exceeded 50%. Now it has dropped sharply to the 30% level. The decline is not insignificant.
Atlantic Business Machines' success cannot be replicated;
It is a high-end brand with a high reputation in the United States. It has core intellectual property rights, many cross-generation designs and excellent quality. It has obvious advantages under the synergy effect of the consortium, and takes advantage of the foundry advantage of China Yangtze Technology Group with low productivity and cost.
It enables ultra-large-scale production and greatly reduces costs.
It can be said
We maximized everything we could and managed to maintain a net profit margin of over 12%.
In contrast, the related products of Motorola, IBM, and Compaq all fell into losses and had to sell off related business units to survive.
Powerful companies such as Sony, Panasonic, Samsung, Toshiba, and LG in Japan and South Korea are either suffering serious losses or are only able to maintain meager profits, making it particularly difficult in related fields.
For example;
Samsung mobile phones are trapped in the "sea of machine tactics" attack and suppression by OPPO mobile phones, Dell mobile phones and Panda mobile phones. They have launched an all-out war from the high, middle and low end, and their development is difficult.
Even if one or two refreshing flagship products are launched, there is no way to convert them into market success, and they will soon be submerged in the cruel "sea of machine tactics".
This shows that the market competition is fierce, and multinational companies cannot bear the huge losses of these projects, and they have failed one after another.
Annihilate one thousand enemies and inflict eight hundred losses on yourself.
Gree Group, a subsidiary of the consortium, is also having a hard time. Because it is on the front line of close combat, it often relies on price wars to kill competitors. Gree Group's profit margin dropped from 11.8% to 6.5%. It relies on consortium linkage and large-scale
Only production can maintain this level of profitability.
The world's mobile phone market, home appliance market, personal desktop computer and notebook market are all facing reshuffle. At this critical time, we cannot fall behind. Gree Group has shouted the slogan of striving to be "the world's number one brand of home appliances". It has sufficient confidence from
The strong strength of the consortium.
Gree Group now owns the Sanyo brand, and has set its sights on the famous European home appliance brands Siemens and Electrolux. It has been in contact with these two international home appliance companies for some time.
once the dream comes true
Gree Group's acquisition of Siemens' home appliance business or Electrolux will complete its own Phoenix Nirvana and sell home appliances to all parts of the world.
In the field of home appliances
The three elements of brand advantage, channel advantage and production scale advantage are equally important. If you have one, you can establish yourself, succeed in some markets around the world, and live a comfortable life, which can be considered a well-off level.
Get two and be happy
Being able to go beyond local markets and enter the world market to test the waters, such as entering the Chinese market, Japanese and Korean markets, Southeast Asian markets, European markets, North American markets, etc., it can be regarded as a competitive home appliance manufacturer in the world. Gree Group is currently at this level.
If you get three, you can move horizontally
Once it can acquire the famous European brands Siemens or Electrolux, the door to the European and American markets will be completely open to Gree Group.
This is of great significance to Glid Group. It can easily take over the channels and brands that the other party has been operating for decades, combine the three major advantages, and compete with the world's top home appliance manufacturers to determine the outcome.
After strengthening the original disadvantages of weak brand power and incomplete channels, Gree Group's production cost advantage will be rapidly enlarged.
Therefore, an important goal of Gree Group President Zhu Jianghong's summit is to report on the company's strategic plan and strive to obtain the approval of the consortium chairman Wang Yaocheng.
Unexpectedly, after the consortium's business sector was adjusted, Zhu Jianghong would first have to obtain the approval of the new vice chairman of the consortium, Ms. Dong Mingzhu, before he could meet with Wang Yaocheng to report on his work.
Thirteen years ago, Ms. Dong Mingzhu was just the head of the sales department of Gree Company, but now she has become her immediate boss.