On Tuesday, Lin Zuhui, on behalf of Asia Container, and Wilson, the president of British Railways, formally signed an equity transfer agreement on the Port of Felix Du Port, involving an amount of HK$800 million (55% of the equity).
After this transaction, Asia Container already owns 75% of the equity in Felix Du Port, with a total cost of HK$1.1 billion. The remaining 25% equity is also on the next acquisition agenda.
British Railways and Steamships is an old company. In 1837, it used steam sailing ships to start a maritime passenger and mail transportation business. This was the prototype of the cruise ship. Although it has a glorious history, it still cannot stop this company from going downhill and selling off its assets to survive.
Japan. In fact, in the 21st century, this company is still having difficulty operating.
After taking over Port Felice, Lam Cho-fai continued to develop business in London non-stop. His next goal was to enter the British telecommunications industry.
In an office building in London, Lin Zuhui was listening to a report from Times Communications President Ronstadt.
At the beginning of this month, Times Communications had registered a subsidiary in London, Times Communications (UK), with the intention of developing the UK's telecommunications industry and striving to become one of the largest telecommunications providers in the UK.
The first step for Great Wall was to acquire one of the UK's national paging companies and a wireless telephone company holding a ct1 license.
In Hong Kong, this industry is called "non-proprietary telecommunications", which provides customers with wireless phone and communication services, and wireless phones are ordered from mobile phone manufacturers such as Motorola. In this era, mobile phones cannot be sold separately, and all must have telecommunications.
They are sold by commercial companies and charge high network access fees. Of course, telecom companies also need to invest a lot of money to build signal stations.
At this time, the telecommunications industry in various countries was still like a baby, and the penetration rate of wireless phones was not high. Therefore, it was very suitable for Lin Zuhui to enter this field at this time.
"Boss, we have reached an agreement with Milicon Paging Company to acquire the company. We are currently negotiating with the mobile phone company that holds the ct1 license. I believe we will gain something soon." Langsduo reported seriously.
Lin Zuhui looked at the information about Milicon. This company is one of the seven national paging companies in the UK. Buying it means that Times Communications (UK) has taken a solid step in the UK.
Pager services in this era are much more popular than wireless phones. When customers have a mobile phone, they must have a pager.
Lin Zuhui nodded and said: "This industry is like an emerging industry. If we intervene at this time, we will have an advantage. Hutchison Communications has developed in London this year. We are faster than them and invest more than them!"
Hutchison Communications currently also has a pager service market in Australia, but Lin Zuhui plans to only develop the telecommunications industry in Europe. Here is the leader in the world's telecommunications industry, and the European GSM (European telecommunications standard) is relatively popular around the world. What's more, Lin Zuhui still cares about
It's 'selling oranges'!
Langshiduo immediately said with confidence: "Don't worry, boss, we will definitely develop better than Hutchison Communications in Europe!"
Lin Zuhui nodded. He understood the history of the European telecommunications industry. As long as the 3G license was issued around 2003 and he did not participate in bidding, the industry would be able to make huge profits.
The competition for 3G licenses is fierce, and governments around the world want to make a big profit, which makes the license fee too expensive; and a large amount of money needs to be invested to build communication stations. When the cost can be recovered, 4G comes out again.
2G communications is different. It will start to appear next year. It will have a development period of nearly 15 years. It can start business immediately. It will first invest a lot of money to increase customers, then seek to go public to recover the capital, and finally sell the shares and earn hundreds of billions.
This is actually the earliest "Internet" routine, which was first played by Li Chaoren and Huo Jianning in the previous life.
Lin Zuhui has invested heavily in the UK and has been reported by local media. Because he is young enough, he has received far more attention and topicality than Li Chaohui, so he is very popular in the media.
Therefore, news of the investment in Felix Du Port and Milicon Company quickly reached Hong Kong, which surprised Li Chaoren and urgently convened a high-level meeting with Hutchison Whampoa.
In the conference room, Li Chaoren showed little regret and said: "Felix Du Port is a port I have been considering acquiring, but Asia Container has beaten me to it."
Ma Shimin said: "When Modern Containers invited Jardine to join, we all guessed that they were doing it for the No. 9 Kwai Chung Container Terminal. Now it seems that it is because Modern Containers needs British capital to develop ports in Europe and the United States. Chairman, even Lin Zuhui
Knowing about overseas development, Hutchison Whampoa should also consider increasing investment overseas and relocating its domicile, which will be more conducive to the development of Hutchison Whampoa!"
In the matter of relocation, Ma Shimin represented the British interests of Hutchison Whampoa. Because of this, the previous life of Ma Shimin actually fell out with Li Ka-shing and his son in the past few years, which eventually led to his resignation as the general manager of Hutchison Whampoa in 1993.
Some British executives have agreed. In their view, Lin Zuhui is a new immigrant from the mainland. Now he has begun to invest heavily overseas, and he is obviously not so specific to the mainland. So, Hutchison Whampoa, as a group with a large proportion of British capital, should
Relocate overseas.
Huo Jianning frowned. Of course he knew what his boss was thinking. Once he relocated, his influence would be greater than that of Yihe, and his boss would immediately attract fierce criticism from the mainland. So, whether he will make investments in the mainland in the future, it will take so many years.
Isn’t the investment was wasted?
Sure enough, Li Chaoren said resolutely: "Hong Kong is the most suitable place in the world to develop a company. It can do both Western business and mainland business. It is very suitable for developing Hutchison Whampoa into a global group company."
Therefore, you don’t need to talk about the relocation. What we need to discuss now is that Hutchison Whampoa has encountered real opponents in the development of European ports and British Telecom. We must carry out targeted development and surpass New Era Group.
.Now, tell me your thoughts about these!”
This chapter is not over yet, please click on the next page to continue reading! Under the suppression of Li Chaoren, the British capital that was ready to move fell again. He fought against the three British giants Richard Richard and others in Hutchison Whampoa, and finally won.
And drove the three people away, so he has established a lot of authority.
Next, Hutchison Whampoa expressed its own opinions. They just started to buy ports in Europe and invested heavily in the British telecommunications industry.
In fact, in the British telecommunications industry, two Chinese companies will soon shine, and they are not local companies. (Currently, landline phones are absolutely mainstream, so the UK is not open to foreign companies)
After settling the British port and telecommunications matters, Lin Zuhui immediately got busy. He stayed in London for another three days to recruit management for the family office.
The candidates who came to apply for the job were all introduced through headhunting companies, and all of them were excellent talents. However, Lin Zuhui was more cautious and did not plan to recruit all the staff of the family office soon, which would appear to be in a hurry. Therefore, at the beginning,
It's all just a façade for management.
After three days of recruiting in London, he immediately flew to Los Angeles and spent another three days recruiting.
In the end, he identified a total of 16 senior staff members, including the heads of six departments of the family office.
The family office has taken initial shape:
CEO: Rob Featherston Howe (American)
Investment Management Department: Bruce Wayne (American)
Estate Planning Department: George Hall (British)
Tax planning department: Li Zhaolin (British Chinese)
Administrative Services Department: Charles (British)
None of the seven core executives are from Xiangjiang. That’s because people in Xiangjiang are not familiar with the operation of ‘family offices’, so they can’t find top talents. However, the fact that two Chinese have joined is considered deliberate by Lin Zuhui. Of course, the two Chinese are
He is also a top talent.
For example, Li Zhaolin is a high-level talent with an accounting background and has rich work experience.
However, in order to check and balance this situation, Lin Zuhui will definitely recruit some senior staff in Xiangjiang; Xiangjiang is a place where Chinese and Western cultures meet, and English is one of the official languages, so communication between Chinese and foreigners will not be a problem.
The Lin Family Office is committed to being a world-class family office and will have three headquarters in the future - Hong Kong, Switzerland, and Los Angeles.