393, Acquisition of Hehe International and reform of Hehe International
No matter how popular the news is, it is time-sensitive.
It is now late June, and for more than half a month, the explosive news that Chu Huan is the richest man in Hong Kong and the richest Chinese, with a net worth of more than 60 billion, has slowly begun to fade away.
This made Chu Huan a little disappointed. He was not disappointed that the news disappeared so quickly, but that the merger of Hang Lung Real Estate and Huhua Real Estate had not been completed. This led to his previous attempt to use the fact that he was the richest man.
This news has affected the idea of the merger of Hang Lung Properties and Huhua Properties, which may lead to bankruptcy.
"The Romance of Fairy Wood"
Just like in the entertainment industry, there are old people who are gradually withdrawing from the mainstream, and there are newcomers who are becoming popular.
When the news about Chu Huan began to become dull, the media in Xiangjiang immediately found a new hot spot!
That’s about Hehe International!
As one of the four major British-funded consortiums in Hong Kong, Hehe International's news hit points are no smaller than Chu Huan's.
The source of this breaking point is that the Hong Kong Economic Journal obtained the exact information.
Hehe International's projects in Indonesia have encountered a cash crisis. Now the Indonesian side has sent people to Xiangjiang, with the purpose of calling for the cash owed by Hehe International.
At the same time, "Economic News" even revealed that Indonesia has even prepared for the worst. If Hehe International cannot repay their debts, Indonesia will seek legal means to require Hehe International to be liquidated!
After this news came out, it immediately occupied the front pages of major media outlets in Hong Kong.
Many media have even listed the development history of Hehe International, hoping to prove that Qi Dezun's development strategy was wrong from the beginning.
"Wrong decision, wrong people, wrong way of expansion!" -- "Sing Tao Daily"
"When a person is blinded by interests, even if he is a genius, he will fail!" - "Oriental Daily"
For a time, the media in Hong Kong focused on Qi Dezun, who had led Hehe International to become one of the four major British-owned foreign companies and was praised by countless people.
At this time, what Qi Dezun gained was no longer honors and flowers, but a unified verbal and written criticism.
Among them, the most harsh words are not the Chinese newspapers, but the English newspapers.
‘An old man who leaves people speechless and disappointed!’--"South China Morning Post"
"The face of the merchants of the Great British Empire was lost to such a person. An arrogant and proud old man spent his life destroying the glory of the merchants of the Great British Empire in Asia.
If caesarean section is allowed in the Great British Empire, I would now suggest that Qi Dezun should have caesarean section."
HSBC!
Sha Ya looked at the newspaper in her hand, with an indifferent smile on her face, and put it aside casually. If it were before meeting Chu Huan, he would have carefully collected the current information, but now Sha Ya can't.
Because he has a more ambitious goal!
However, Saya has no idea about Hehe International, but it does not mean that others do the same.
Among them, Shen Bi is the one with the strongest will in this regard.
"Mr. Taipan, now Chu Huan's influence in Hong Kong is getting bigger and bigger, and he can even influence the decisions of you and the Hong Kong government. If we don't strengthen our influence in Hong Kong, sooner or later we will be overtaken by Chu Huan!
"
Shen Bi already knew the negotiation process between Chu Huan and Sha Ya at the Royal Golf Course.
Luo Yin Bentley was also in Sha Ya's office at this time. He used to argue with Shen Bi and said, "Now everyone is talking about Hehe International. What do you care about Chu Huan?"
Shen Bi glanced at Luo Yin Bentley with contempt, and then said sternly, "Everyone knows that now is the time when Hehe International is at its weakest. If we can take action at this time, we can definitely win Hehe International. We can think of this."
, Chu Huan can naturally think of this. If he takes over this company with a traditional history in Xiangjiang, the reputation he will gain will definitely not be less than him becoming the richest man."
Chu Huan became the richest man in Hong Kong by relying on "Fantasy Comics" and its surroundings. However, these two industries are really unpopular industries in Hong Kong. On the contrary, Hehe International, because of its predecessor Hutchison Matheson and Whampoa Dockyard, has been in Hong Kong for a century or so.
With a history of nearly a hundred years, even though Hehe International's profits are not even as high as those of "Fantasy Comics" and its surroundings, its influence is huge.
That's why Shen Bi said this.
Luo Yin Bentley didn't care about Shen Bi's attitude, but smiled indifferently and said, "Didn't Mr. Shen say before that we should change our strategy of getting along with Chu Huan? Why are we targeting Chu Huan again now? Is it possible?"
Is it because Chu Huan did not accept your goodwill regarding the development of East Tsim Sha Tsui?"
Shen Bi snorted coldly and said, "I do everything for the sake of the company. Chu Huan's status is different. Naturally, we at HSBC have to change our strategy of getting along with him. There is no problem with this, but the company's ultimate goal
Or infiltrate Chu Huan’s Fantasy Comics Club, and to do this, Chu Huan needs to understand that as long as we, HSBC, are here, he will not be able to get whatever he wants in Xiangjiang!"
Luo Yin Bentley curled his lips and said nonchalantly, "Mr. Shen may have forgotten that HSBC cannot directly manage non-financial companies."
Shen Bi smiled easily and said, "What's the matter? We don't need to manage it ourselves. We just need to hire a team of professional managers to reform Hehe International in the name of solving the existing problems of Hehe International. When the time is right, we can completely
It was sold to a company that holds HSBC in high esteem.
In this case, we will gain a lot of fame and wealth in Xiangjiang!"
Luo Yin Bentley said, "To put it lightly, if that professional manager does not bring Hehe International out of the quagmire in the future, then what we HSBC will gain by then will not be fame and wealth, but the evaluation that Qi Dezun has received now."
This chapter is not over yet, please click on the next page to continue reading the exciting content! Seeing that the love between the two of them is getting more and more noisy, Sha Ya speaks out.
"Okay, stop arguing. What will it look like if others see it?"
Seeing Sha Ya speak, Shen Bi and Luo Yin Bentley stopped arguing, and then looked at Sha Ya in unison.
Now in HSBC, it is Saya who has the absolute say!
"If it were in the past, I would definitely support Mr. Shen's opinion and win over Hehe International. This is indeed what Mr. Shen said before. As long as we win Hehe International and operate it properly, we at HSBC can indeed gain a lot of prestige and wealth.
!”
There was a disappointed expression on Shen Bi's face, a 'if', which showed that there must be a 'but' behind it.
Often, what follows is not a good thing!
Sure enough, what Sha Ya said next was something Shen Bi didn't want to hear.
"However, the current situation is that HSBC's development in Hong Kong has reached its ceiling. No matter what kind of reputation it is, it is just the icing on the cake for HSBC. But if we can expand our stronghold outside Asia
, then it will be extremely beneficial to HSBC’s future global development, because then, HSBC will no longer be just a bank living in Asia.
It is a large international commercial bank.
As for Mr. Shen’s worry that Chu Huan would take advantage of the chaos to attack Hehe International, this is impossible. Chu Huan’s goal is Yihe, not Hehe International.”
Speaking of this, Sha Ya thought of the conversation they had when she and Chu Huan were playing ball. It was too naive to try to deceive me.
Sha Ya thought proudly, and then continued to explain to Shen Bi, "Although Hehe International is one of the four major British consortiums and has high-quality land such as Huangpu Shipyard and Junyicang under its name, Hehe International has too many problems.
, if you want to solve these problems, you need sufficient funds.
Don't look at the outside world and say that Chu Huan is the richest man in Hong Kong, with a profit of more than 6 billion a year, but in fact we all know that Chu Huan does not have much cash in his hands, otherwise he would not have loaned us to acquire Ocean Milan Bank.
, coupled with the land in East Tsim Sha Tsui that he is about to start construction on, it will be a huge expenditure, and he will not be able to spare any money to acquire an already riddled Hehe International!"
"What if? What if Chu Huan is doing all this just to numb us?" Shen Bi didn't want to give up this opportunity.
Luo Yin Bentley seized on Shen Bi's words and immediately attacked, "So, Mr. Shen doesn't believe in the judgment of Sha Ya's boss?"
Although Sha Ya knew that Luo Yin Bentley was sowing discord, she still looked at Shen Bi dissatisfied!
Shen Bi could only quickly explain that he didn't mean it that way.
In the end, Sha Ya said impatiently, "Okay, this time the matter is settled. During this time, the two of you will focus more on the acquisition of Ocean Milan Bank. Chu Huan will also
Cash is ready for us, if we still can't win over Ocean Milan Bank, that will be the biggest blow to HSBC!"
Both Shen Bi and Luo Yin Bentley have joined the special group to acquire Ocean Milan Bank.
Luo Yin Bentley immediately said to Shaya, "Taipan, that North American fund company I recommended to you before?"
Sha Ya pondered for a while and said, "Let them come to Xiangjiang to meet me!"
"OK!"
Xiangjiang, Mid-Levels Villa Area, in a certain villa!
While everyone outside was criticizing Qi Dezun, Chu Huan, Qi Dezun, Feng Hanzhu, and Feng Guojing were already sitting in the living room of the villa, discussing things.
It is now late June. After more than half a month of struggle, Chu Huan finally acquired 19 shares of Hehe International on the market, plus the 5 shares he originally exchanged for Hehe International, and the 27 shares of Hehe held by Qi Dezun.
International shares, Chu Huan finally has shares of Hehe International 51 in his hands.
In other words, at this time, Chu Huan has completely become the largest shareholder of Hehe International. As long as he waits two years later, Chu Huan can officially become the first Chinese in Hong Kong to completely own one of the four major foreign banks in Hong Kong!
But now, only Chu Huan, Cao Yunshang, and Qi Dezun know about this matter, and even Xu Yi does not know. As for Feng Hanzhu, Feng Guojing came here today purely as a matter of fact.
The simplest business transaction!
Now that Chu Huan has become the actual controller of Hehe International, it is natural for him to carry out a rescue plan for Hehe International.
For today's transaction, Chu Huan had a long talk with Qi Dezun last night at the same place.
Before discussing specific matters, Chu Huan commented on Qi Dezun outside and comforted Qi Dezun.
Qi Dezun was holding back his breath at this time and said, "Ah Huan, don't worry, I understand that if you want to change these people's views, you can only block these people by leading Hehe International back to where it should be."
Human mouth."
Chu Huan smiled and said, "Mr. Taipan still sees everything clearly."
After this matter was resolved, Chu Huan began to discuss with Qi Dezun how to lead Hehe International out of its current predicament.
“To save Hehe International, the only way now is reform and downsizing!”
This was the first thing Chu Huan said to Qi Dezun on this matter.
Hehe International currently has nearly 360 subsidiaries and associated companies under its name. Such a volume is too bloated for Hehe International. There are too many companies with integrated business models.
Before that, Qi Dezun was only thinking about expanding the scale of Hehe International to catch up with Jardine Matheson and become the largest listed company in Hong Kong.
But the bloated internal structure was ignored.
The current management of Hehe International is out of control, causing the company's structure to become too complex and chaotic; the group's consulting management and financial reporting are generally insufficient, inaccurate and lack coordination, so that the management cannot understand the seriousness of the problem and make appropriate decisions.
This chapter is not over yet, please click on the next page to continue reading! At the same time, Chu Huan also saw that the accounting and financial controls within the entire Hehe International were very poor. The headquarters could only estimate the profits of each company in the department through reports. The group
Many problems arise from this lack of discipline.
Therefore, in response to the current situation of Hehe International, Chu Huan proposed measures such as establishing modern financial controls, resolving outstanding lawsuits, reducing current expenses, comprehensively reducing debt, and eliminating loss-making departments and companies.
The reorganization of the group's management will take a long time. Chu Huan will then cooperate with the operations department of Jiaku Consulting Company to help Hehe International complete the management reform.
Nowadays, there are 145 senior executives in the entire group. Considering that management reorganization is a relatively long process, at this moment of life and death for Hehe International, downsizing has become the first way to save Hehe International.
In fact, Qi Dezun also thought about this method some time ago, but for a while, he couldn't decide whether to clean up the company or keep it.
The most important thing is that now the whole of Xiangjiang knows that Hehe International is in trouble.
At this time, there is no one who can help in times of need, but there are quite a few who are adding insult to injury.
Everyone wanted to carve out a piece of flesh from Hehe International's body, and the bid was simply ridiculously low.
Therefore, Qi Dezun has never been able to implement this matter.
"I also know that losing weight is a good way for Hehe International, but the current situation"
Qi Dezun told Chu Huan what happened to Hehe International during this period.
After Chu Huan heard this, he didn't take it to heart because Chu Huan also had more ideas after summarizing the problems of Hehe International.
"First of all, we need to determine the future development positioning of Hehe International, so that we can determine which company we need to sell and merge. As for who to sell to, I have my own arrangements!"
Now that Qi Dezun has experienced the struggle of selling Hehe International shares, he has calmed down his mentality. Since Chu Huan said that he has a way, he will implement it according to Chu Huan's method.
“How do you think we should position Hehe International’s future development?”
Chu Huan said, "Land is the future development direction of Hehe International!"
When Qi Dezun heard this, he was immediately shocked by Chu Huan's idea. Although Land is known as the pearl in the real estate industry in Xiangjiang, it is only a pure real estate company after all.
However, Hehe International is the largest large-scale consortium in Xiangjiang. Chu Huan only wants to retain Hehe International’s real estate projects?
When Chu Huan saw Qi Dezun's expression, he knew what the other party was thinking. He smiled and said, "Don't worry, Land is the ultimate development direction of Hehe International in the future. This matter will not be done so thoroughly during your tenure as Taipan."
of.
After all, I promised that if I want you to retire from your position as the top class manager of Hehe International in glory, I will also silence the mouths of those outside!"
Qi Dezun breathed a sigh of relief and said, "Okay, then our first step should be to attack that company?"
"It's not one family, but three families!" Chu Huan said seriously.
This is why father and son Feng Hanzhu and Feng Guojing came here tonight.
The predecessor of Hehe International was Hutchison Matheson and Whampoa Dock. Hutchison Matheson itself was a third-rate foreign company in Xiangjiang. It also engaged in import and export trade. After Qi Dezun acquired Hutchison Matheson, the first thing he did was to acquire Whampoa Dock.
30 shares.
In the end, there are endless acquisitions.
But since Chu Huan wants to build Hehe International into a second real estate company, he will naturally not sell his shares in Huangpu Shipyard.
Therefore, Chu Huan's target at this time is Dehui Bao Yang Co., Taihe Matheson Co., and Qichang Matheson Co.. Among the three foreign companies, the largest is Dehui Bao Matheson Co., whose main businesses include import and export trade, commerce, machinery, automobile sales, and
Building materials supply and other businesses.
As for Taihe and Yangxing, Qichang and Yangxing are both foreign banks that focus on various import and export trades. Among them, Taihe and Yangxing is a century-old company and even participated in the founding of HSBC. Unfortunately, it was inevitable that it would be acquired.
Since these three foreign companies are mainly engaged in various import and export trades, Chu Huan's initial plan was to sell these three foreign companies to Li & Fung Group. In this case, Li & Fung Group would surpass Yingzhijie and become the largest company in Hong Kong.
trading company.
Then Li & Fung Group used its financial advantages to divide the businesses of these three foreign banks. The unnecessary businesses were sold directly, and the needed businesses were merged into Li & Fung Group, thus optimizing Li & Fung Group.
But when Cao Yunshang found out about this, Chu Huan got Dehui Bao Bank. Now Cao Yunshang is actively promoting the acquisition of Gonghe Construction. In Cao Yunshang's view, Taihe Bank's machinery, car sales, and building materials
All three projects are possible, so she wants to stay.
Chu Huan has no objection to Cao Yunshang's idea, so now Chu Huan only plans to sell Taihe Foreign Co., Ltd. and Qichang Matheson Co., Ltd. to Li & Fung Group.
"Director Chu is the largest shareholder of our Li & Fung Group, and this matter is indeed a good thing for us at Li & Fung, but is it about the price?"
Feng Hanzhu was very satisfied with being able to acquire Taihe Matheson and Qichang Matheson. If this was the case, Li & Fung Group would be the first group in Hong Kong to acquire a British-owned company, and it would be a respectable thing to say.
But face cannot represent interests. Now everyone knows that the situation of Hehe International is not good, and Li & Fung Group naturally knows it, so Feng Hanzhu wants to keep the price down.
After all, he didn't know that Hehe International now belonged to Chu Huan.
Qi Dezun said, "The price of 55 million is already very appropriate. You two should know that if it were not at this time, we Hehe International would definitely not sell these two foreign companies. At the same time, you should also understand that these two foreign companies will not be sold."
Selling to Li & Fung Group will put a lot of pressure on us at Hehe International!"
This chapter is not over yet, please click on the next page to continue reading! Selling a foreign company to a Chinese-owned company is a first in the business history of Hong Kong. Although the amount is not large, it is still a first. It will definitely be resisted by some ghosts and elders.
Yes, even the shareholders of Hehe International will have some objections.
Feng Hanzhu glanced at Chu Huan and asked for the acquisition of Taihe Bank. Qichang Bank was contacted by Chu Huan. Chu Huan is also the major shareholder of Li & Fung Group and the minority shareholder of Hehe International, so Chu Huan still needs to make up his mind on this matter!
"55 million Hong Kong dollars, I think it's OK. Just as Mr. Qi Dezun said, we at Li & Fung actually take advantage. I believe that after the report of this acquisition comes out, it will immediately cause a sensation in Hong Kong!"
After hearing what Chu Huan said, Feng Hanzhu had no objection and said, "If this is the case, then our Li & Fung Group will not have any problems!"
Hearing what Feng Hanzhu said, Qi Dezun immediately breathed a sigh of relief.
Finally some problems have been solved.
Then the two parties agreed on the date and details of the transaction. After everything was settled, Chu Huan said to Qi Dezun, "Mr. Taipan, please wait for me here for a moment. I still need to discuss some things with Director Feng and Mr. Feng!"
"
Qi Dezun nodded without any objection, "It should be."
Then Feng Hanzhu and Feng Guojing followed Chu Huan to the study.
"Three things, the first is to get the management rights of these two foreign companies as quickly as possible, and the second is to reorganize the company's management after completing the first thing, and remove those sluggish
Clear out all the management and replace them with a group of management who dare to fight hard. The third thing is that after completing the first two things, sell the businesses that are not needed for the company's split and retain the businesses that are needed.
We will only maintain the status of these two listed companies."
Taihe Matheson and Qichang Matheson are both listed companies in Xiangjiang.
And Hehe International did not previously have absolute controlling rights in these two foreign companies, but was only the largest shareholder of these two companies.
Feng Hanzhu nodded. Ever since Chu Huan told him about the acquisition of these two foreign banks, he was also thinking about how to maximize the power of these two foreign banks in his own hands. Now what Chu Huan said was in his heart
Thinking exactly the same thing.
In addition, after the development of Li & Fung Group during this period, especially the cooperation with Jiahu Textile and Youth Toys, its account has sufficient funds and there is no need to worry about cash issues.
Therefore, Li & Fung Group can do this in a drastic manner.
"Don't worry, Director Chu, we will send you a detailed plan for this matter later."
At this time, Feng Hanzhu no longer felt depressed about the fact that Li & Fung Group was controlled by Chu Huan. Now he is just glad that, as he said before, Chu Huan has never participated in the specific management and operation of the company.
The development of Feng Group is still in the hands of the Feng family.
Now, two foreign banks that I had dreamed of before and never dared to think about were handed over to the Li & Fung Group.
The collaboration with Chu Huan is really great!
After the simple conversation ended, both parties walked out of the study again, and Chu Huan also sent away Feng Hanzhu and Feng Guojing, their father and son.
"After the company gets this money, the most important thing is to clear off part of the foreign debt. In the next two days, I will ask Yunshang to discuss with you the acquisition of Dehui Bao Yang Co., the sale of Taihe Yang Co., and the cash from Qichang Yang Co.
The cash generated from the sale of Dehuibao Bank can basically solve Indonesia's debt problem.
Then the next step for the company is to continue to slim down. It will sell all overseas projects that can be sold, and recalculate the investment amounts for those that cannot be sold. When the time comes, Cui Weihua from the Finance Department of Jiaku Consulting Company will assist you."
I don’t know the true face of Mount Lu, just because I am in this mountain.
When Qi Dezun is no longer the actual controller of Hehe International, he has been able to break out of the circle of Hehe International and look at the problems of Hehe International from another perspective. At this time, he has also understood that the Swiss franc and overseas investment are actually inseparable.
It is the most important link that brought down Hehe International.
Now that I heard what Chu Huan said, I naturally had no objections. But I had no objections, but I had my own ideas.
"The current three-party structure of Xiangjiang, China, and England is very subtle. If overseas investment is lost, Hehe International will only be left with the local market of Xiangjiang. If Xiangjiang is in the future,"
Before Qi Dezun could finish speaking, Chu Huan said very firmly, "You can rest assured about this matter. Xiangjiang will only develop better and better in the next few decades, and what you are worried about will definitely not happen."
worry about what?
They are simply worried that their assets in Xiangjiang will be communized by their hometown. This is one of the important reasons why some powerful British-funded consortiums in Xiangjiang have begun to expand overseas markets.
Things are getting better now. In a few years, after the time for Xiangjiang to return to its hometown was determined, there was a lot of relocation at that time, and many companies in Xiangjiang moved their registration places overseas.
Some radical companies have even sold their properties in Xiangjiang!
These people completely misjudged the openness of my hometown.
This caused them to miss the most golden period of development in Xiangjiang.
They are worried, but Chu Huan is not worried, so now Chu Huan is firming up the future development route of Hehe International.
Seeing that Chu Huan was so determined, Qi Dezun said nothing.
Originally, he thought that selling Hehe International to Chu Huan would make him sad for a long time, but when everything was settled, Qi Dezun felt an extremely relaxed state of mind.
Maybe we no longer have to carry the burden of the giant Hehe International!
As for the previous newspaper reports, Qi Dezun wanted to see what their expressions would be like when they saw the current transaction.