February 6th (the seventh day of the Lunar New Year), Monday.
Today is the first working day after the Spring Festival. Lin Zuhui came to the New Era Group on time, distributed a circle of "Lai See", and returned to the office.
After browsing the newspapers for a while and seeing that no senior executives came to report on their work, Lin Zuhui began to think about some issues.
He was thinking about the advantages and disadvantages of his career compared with Li Chaoren's.
It can be said that Li Chaoren's career was all due to the acquisition of Hutchison Whampoa. Otherwise, he would not be considered one of the top three business tycoons in Hong Kong.
Watsons, the retail group of Hutchison Whampoa, he remembered that in 2009, this company had 10,000 branches around the world, with stores in Europe, America, Asia and Africa. The reason why this retail company has developed so well is mainly because of its brand
It has a comprehensive range of products and services, especially in terms of care products, and has many of its own products.
Comparatively speaking, New Era Group's Yonghui Supermarket (including its Shishiduo convenience store) is quite different. In the future, it is best to go to the mainland to develop Shishiduo convenience stores. As for supermarkets, tentative investment is enough. It is said that
This industry is not very profitable.
Retail sector - total failure!
Of course, if we include Lin Zuhui’s LEIT Group, Li Chaoren’s Watsons cannot compare. The prospects of LEIT Group are limitless. Lin Zuhui still has many moves, and many projects have not been developed. Moreover, the current development of LEIT Group itself is also very rapid.
good.
Hutchison Whampoa's port business, energy business, and infrastructure business, these three businesses are still ahead of New Era Group. Hutchison Whampoa has already been cultivating these businesses in Southeast Asia, Europe and the United States, so New Era Group has no way to catch up. Unless New Era
The group adjusted its policy, but this was obviously unnecessary.
At this time, Lin Zuhui no longer had the competitive mentality to compete with Li Chaoren.
Therefore, Lin Zuhui adjusted his development direction to avoid falling into malicious competition.
First, develop global commercial real estate - new era business management, including shopping malls and office buildings. It is currently very successful. It is good at bargain hunting and has excellent business strategies and management.
Second, develop the hotel industry and build a world-class hotel group - Langham Hotel Group. Although the hotel's return rate is only 6~8%, the hotel industry has sufficient cash flow. This is the industry with the best loans, so it is very
The faster Langting Hotel Group will develop rapidly.
Third, in the food and beverage industry, the layout in the mainland alone is enough to create a super group. Jinmailang, Nongfu Spring, Wanglaoji, and Red Bull are four super brands; of course, the next step is for Hengchang Beverage and Food to go overseas.
Sometimes, companies will use acquisitions to expand overseas.
Fourth, in the telecommunications industry, as Times Communications took the lead in adopting digital cellular communication technology, its users have increased dramatically, both in the UK and in Hong Kong, with huge development potential. Lin Zuhui’s greater ambition is to engage in mergers and acquisitions after the Asian financial crisis.
Xiangjiang Telecom and then Times Communications went public through a backdoor merger to create the first telecommunications industry in Xiangjiang and then develop telecommunications business globally.
Fifth, the shipping industry, shipping is cyclical, and cyclical industries are undoubtedly Lin Zuhui's world. In the previous life, shipping began to decline after the Asian financial crisis, and it hit the bottom from 1999 to 2000. Shipyards had no orders.
The price of cargo ships plummeted, and some people joked that if mergers and acquisitions were made at any time, it would be prosperous; the reason was that it began to recover in 2001, during which it tripled and quadrupled freight rates for several years. It was not until the outbreak of Lehman Brothers in 2008 that shipping once again entered a long-term
Eight years of downturn. New Era Group has a wholly-owned shipping company, Xiangjiang Shipping, whose assets have tripled since the acquisition. The current total asset value is about more than 3 billion, so the foundation has been laid for the development of shipping, and seafarers have
Recruiting from the mainland is cheap and capable.
These five industries are only the focus of development. New Era Group has many other industries that are also developing steadily, instead of choosing 'Tang Ping'. New Era Group's business itself is very large and involves all aspects, such as the development of real estate developers,
For example, in terms of ports, even if Lin Zuhui does not develop, there are still three important shareholders, New World, Jardine Matheson, and Henderson. They have also tasted the sweetness and will naturally continue to develop. Because of this, there is no need for New Era Group to worry about it alone, and the other shareholders are also
Participation is very high.
After sorting out his thoughts, Lin Zuhui already knew what he was doing!
In the morning, Yuan Tianfan came to Lin Zuhui's office.
Sitting on the sofa, Yuan Tianfanhui reported: "Currently New Era Group (Singapore) has controlled 45% of the shares of Yang Hip Seng Group. Yang Zhiyao has expressed cooperation, on the condition that we retain his management rights, and he is willing to introduce us to the board of directors to strengthen cooperation in the future.
"
No white warriors jumped out. Lin Zuhui was not surprised at all. After the Yang family was relieved of their voting rights through the court, New Era Group (Singapore) collected the shares of several Yang family members at a premium of 38%, and in one fell swoop, the shareholders
Reached 45%.
Yang Zhiyao is not stupid. He can't even defeat the fierce dragon that is the New Era Group by hiring a white warrior.
Lin Zuhui nodded and said: "Okay, that's it. First, arrange people to join the board of directors, and secondly, strengthen the development of Yang Xiecheng's beverage sauces. Hengchang Beverages and Food can also strengthen the development of overseas markets through their channels. As for its subsidiaries
Please reserve the land first and tell Yang Zhiyao that it is our project."
"OK"
Then, Lin Zuhui pondered for a moment and said in a questioning tone: "Do you think Times Communications' UK business can merge with Hutchison Communications' UK business?"
At present, in the UK's telecommunications business, Davos and Osman are first and second, and Times Communications and Hutchison Communications are third and fourth. Logically speaking, if Times Communications hadn't intervened, Hutchison Communications would only have to invest hundreds of dollars.
100 million Hong Kong dollars, you can earn 160 billion.
However, because Times Communications is more sensitive to technology, Hutchison Communications currently only has 70% of its customers.
Yuan Tianfan thought for a while and said: "Mergers and acquisitions are a good thing, and the total investment can be reduced. However, Hutchison Telecom is unlikely to require cash."
Lin Zuhui nodded and said: "It's true that they will not be willing to accept it. I will talk to Li Chaoren about this later. After the merger, it will be good for future development to have two companies running one company."
Yuan Tianfan immediately asked: "Then who will be in charge of management and who will be deputy in the future?"
Lin Zuhui thought for a while and said: "Look, Huo Jianning is a talent, and I want you to shift your focus to group affairs and be responsible for group acquisitions and global planning and development; and I am developing high-tech industries, and I want you to be a consultant.
"
When Yuan Tianfan heard this, he immediately said: "I have no problem!"
For him, it is very happy to be able to participate in Lin Zuhui's overall strategy.
Lin Zuhui immediately said: "Okay, let's adjust the division of labor later."
Furama Hotel.
Lin Zuhui took Yuan Tianfan to entertain Li Chaoren at his store, and Li Chaoren also brought Li Zeju and Huo Jianning because they had already contacted them beforehand.
After everyone met, they were not in a hurry to talk about things, but instead started laughing and chatting. Competition is one thing, but there can also be cooperation.
While everyone was eating and chatting, Li Chaoren praised: "Lin Sheng is indeed a good businessman. He made constant acquisitions last year and had classic projects like Cyberport, which makes people admire him very much."
Lin Zuhui responded: "They are all projects funded by money. Li Sheng has worked step by step and completed many projects at the minimum cost. For example, Hutchison Whampoa bought 50% of Panama's Freeport Harbor company last year, and Li Sheng has almost mastered it.
The economic lifeline of the world!”
Freeport Harbor is a company in Panama. Li Chaoren's investment in the company is to establish relations with the local government. If he invests some funds, he can control the container terminals at both ends of the Panama Canal when the time is right.
Li Chaoren is naturally not afraid of Lin Zuhui's intervention, because he has already seized the opportunity and signed a memorandum of understanding with Panama.
"Lin Sheng was joking. The matter hasn't been finalized yet. Besides, it's just a possibility of cooperating with the port. There is talk of controlling the lifeline of the world economy."
Lin Zuhui gave a friendly reminder: "If we really want to build a container port there, public opinion in the United States may be unfavorable!"
Li Chaoren said gratefully: "Thank you Lin Sheng for the reminder, but we are here to invest. I believe the Panamanian government can clarify."
Lin Zuhui no longer discusses this topic. He also invested in Panama, but it was a registered offshore financial company. It is a world-famous offshore financial area, and it is also an area with very low tax rates. At its peak in the previous life, the population was only a few hundred thousand.
Panama has a registered fleet of 50 million tons. Because the tax rate is low, many shipowners register their ships there. In addition, there are small island leases there with a term of 100 years. In the past, many world celebrities bought small islands there.
island.
Next, Lin Zuhui said: "What does Li Shengqian think of the competition between our two companies in the UK's telecommunications industry?"
Speaking of which, Times Communications was the first to develop digital cellular networks. Hutchison Communications also saw the success of Times Communications and quickly developed.
Li Chaoren said: "Competition is a good thing, but if we can cooperate, it will indeed be in everyone's interest. Although Times Communications has more customers in the UK than us, our Hutchison Communications business is more comprehensive, so if there is a merger, I would still
I hope it will be taken into consideration.”
This is true. Li Chaoren did not deceive others. Hutchison Communications entered the UK in the late 1980s and has many advantages.
Lin Zuhui said directly: "Then we will merge with equal value, 50-50 for both shareholders."
Times Communications also includes British capital, as does Hutchison Communications, although the proportion is small.
Li Chaoren nodded and said, "Lin Sheng is very happy. Let Manager Huo and President Yuan discuss the details before we formally sign the contract."
"Okay, Li Sheng is also happy, come, let's have a meal!"
In fact, the reason why Lin Zuhui took the initiative to talk about the merger was because after Times Communications' business in the UK developed rapidly, he and Yuan Tianfan discovered that Hutchison Communications was also developing very fast. If this continues, both parties will have to spend two cents.
Grab a cake.
Why bother? Reducing internal friction is the right thing to do. Xiangjiang could no longer accommodate him and Li Chaoren, so everyone went overseas to seek opportunities.
As for whose city Xiangjiang belongs to?
This can also be compared to:
Li Chaoren controls one-half of the electricity in Xiangjiang, and Lin Zuhui controls 70% of the media in Xiangjiang;
In other industries, everyone has their own advantages!
However, once Lin Zuhui's "Cultural Establishment" and "Technological Establishment" broke out, Li Chaoren would be far less influential than him.
'Establishing Hong Kong through culture' and 'establishing Hong Kong through science and technology' are like the policy outline of a country. The policy outline of the Hong Kong Special Administrative Region was created by a businessman named Lin Zuhui for seven or eight years. You can imagine how influential it is.
.
It can be said that after Mr. Dong came to power, he would soon visit Lin Zuhui, and then seriously ask for advice and learn.
The reason is very simple, because the Asian financial crisis came and he had just taken office, so the pressure was on him. Because of this, there was a failure case of "Chinese Medicine Port" in the previous life.
Of course, it cannot be said to be a complete failure. Li Chaoren has done a lot. He used Watsons to acquire thousands of pharmacies in Europe. Obviously, he is really doing it.
The reason for the failure is not in Xiangjiang, but in the mainland. Adou, who cannot afford support, is talking about the Chinese medicine industry in the mainland.
Lin Zuhui originally wanted to build a "Chinese Medicine Port", but in the end it failed. He only successfully invested in "Yunnan Baiyao Toothpaste" and the establishment of Times Medicine.
The reasons are various, including the mainland's conservativeness, the lack of strength of Times Medicine, and the fact that European and American laws have not yet been relaxed. In short, it has not been successful for the time being.
Of course, if Mr. Dong intends to restart it in the future, and if Li Chaoren is willing to do it, Times Medicine can also invest; whether it succeeds or not, Xiangjiangte will have to give it face, and it will definitely promote Chinese medicine to a certain extent.
The management of New Era Group has changed slightly:
Lin Zuhui is the chairman of the board of directors and executive director
Chen Bin is executive director and president
Liang Zhenxun is executive director and vice president
Yuan Tianfan is executive director, vice president, and president of Hengchang Holdings
The main reason is that Yuan Tianfan added the title of vice president, and then began to focus on the group's acquisition business, which is the financial project he is good at.
In the conference room, after making simple adjustments, Lin Zuhui said to Yuan Tianfan: "I want to start some business in Brazil, mainly investing in minerals. As expected, Brazil will fully liberalize privatization this year. If there is an opportunity, we will also invest in one."
Pen. With the opening up of the mainland, steel production will explode at a certain stage, which will inevitably cause global iron ore prices to rise. So, you first set up an investment company there, and then build a management team."
Yuan Tianfan was surprised in his heart that his boss was moving forward bravely.
"Okay, I've made arrangements recently and started paying attention to the business over there."
Lin Zuhui nodded, and then said to everyone: "The 'New Era' of New Era Group means that we will always be a new era company, rather than a sluggish company. It is right to seek stability, but when we need to move forward bravely, we must be determined.
"
Everyone was shocked and agreed in unison, and their morale suddenly rose.
As core executives, we all know that the company's cash plus stocks are much higher than its debt. This is equivalent to New Era Group having no debt.
What's important is that New Era Group's current stable real estate business and hotel business account for a very large proportion. This means that it has a solid foundation and has the confidence to expand.