Chapter 545: Taking advantage of each other
"Yes, 16% is enough for me." Yang Wendong said with a smile: "What I value more is that the Chinese can control the docks in Hong Kong, and Mr. Bao is the most suitable candidate."
If you can't get it from a legal perspective, you can't give the British ghosts any advantage. The 1970s are about to enter, and many Chinese capital in Hong Kong is about to rise, and you will no longer be alone against British capital;
And as the largest Chinese conglomerate, Changxing Group often needs to properly support latecomers. For example, in some industries that it cannot participate in or despises, but is very valuable to others, it can let other Chinese capital participate, and then it can continue to develop. If you buy individual stocks, you won’t lose anything anyway.
Bao Yugang asked again: "Yang Sheng, I remember you invested in Hutchison, right? Why not let Hutchison invest?"
"Of the four piers, I am alone, Bao is one, and there are two left. I will naturally let Hutchison try it." Yang Wendong nodded and said: "However, Hutchison's financial resources are still not as good as those of Yihe and Taikoo. , may not have the ability to take it off. This kind of project will require a lot of capital investment, and Qi Dezun may not be able to handle it.”
Bao Yugang smiled and said: "Haha, Yang Sheng has a really good plan. If there is no fourth pier, do you have a plan?"
"That's not the case, Jardine Swire HSBC is not a vegetarian." Yang Wendong shook his head and said: "My goal is actually to win one by myself, and then invest in one or two more, and the rest will be given to British capital. .”
At the end of the 1960s, British capital was still very strong. Maybe I could try to compete with them, but it was meaningless. I was still growing rapidly, and British capital was still protected by ZZ;
What's more important is that there is no major conflict of interest between the two parties. Competition for ports and land kings is normal business and is not a major conflict.
"Isn't it worth at least several hundred million to invest in this kind of terminal?" Bao Yugang asked.
Yang Wendong nodded and said: "Yes, 300-500 million guaranteed, but with the relationship between Bao Sheng and HSBC, borrowing a few hundred million is definitely not a problem, and the rest is nothing to you. The shipping industry during this period It can be said that you are lying down to pick up money.”
"Everyone is talking to each other." Bao Yugang smiled and added: "It's just that my funds were originally intended to continue to purchase new ships. Now that they are invested in the port, it will affect the original plan."
"Bao Sheng has figured this out for himself, and I won't interfere." Yang Wendong said, "But no matter what decision Bao Sheng makes, please tell me."
"No problem." Bao Yugang nodded and said.
After the two separated, Yang Wendong came to the headquarters of Hutchison Group. This is a Central building, which was also the location of the future headquarters of Li Jiacheng's Changxing Industrial in history;
"Yang Sheng." Qi Dezun knew that Yang Wendong was coming and hurriedly came to the elevator to greet him.
"Qi Dezun, long time no see. The recent stock price of Hutchison Whampoa Group is close to 800 million, which is amazing." Yang Wendong said with a smile.
As in the original history, Hutchison developed rapidly after 1968. Coupled with Yang Wendong's intervention, Hutchison became larger and expanded faster, which also caused its stock price to skyrocket like a snowball;
< br>
In the early years, Yang Wendong's investment has now increased more than five times; however, there is indeed a big bubble here, but isn't that how the stock market works? As long as the cowhide is not broken, Hutchison is at least still better than the giant scammer Chen Songqing. There are many actual industries, profitability, etc., and the financial data is only good-looking, but there is no fraud.
Qi Dezun also smiled and said: "Haha, this is also due to Yang Sheng. After Yang Sheng became a shareholder, Hutchison's bank loans became much more convenient."
Banks in Hong Kong know that Yang Wendong is behind Hutchison, and they are basically willing to lend money to many projects as long as they are not too outrageous. This brings great convenience to companies that rely on financial expansion.
"Win-win cooperation?" Yang Wendong nodded. In the later stages, many large companies rely on resources to help the invested companies develop;
One party provides capabilities and the other party provides financial resources, a perfect combination.
After the two exchanged pleasantries, Qi Dezun asked directly: "Yang Sheng, I wonder why you came to my place this time?"
Yang Wendong also said directly: "You should know about the Hong Kong government launching several terminals, right? I remember you said before that if the Hong Kong government launches a container terminal, you hope that Whampoa can get one. Now that the time has come, I hope to work with you Huang was able to step in and get one.”
Qi Dezun was a little hesitant at this time and said: "Yang Sheng, I do have this idea, but I didn't expect this day to come so soon. To be honest, with Hutchison's current financial resources and credit line, it is difficult to win of this project;
Because I recently acquired Anderson and became the major shareholder of Junyicang, the debt-to-fund ratio is already very high. I am waiting for the stock price and land price to rise again to ease the capital flow.
If we win this port terminal again, all subsequent funds will have to be invested. Although I also think this project will not lose money, I will not be able to invest in other projects. ”
"I understand your situation." Yang Wendong nodded and said: "But this is also a once-in-a-lifetime opportunity. The five terminals are estimated to be enough in the next ten years. You should think clearly about it yourself."
Hutchison has developed rapidly over the years, but it has not yet reached its peak in 1972, and is still not as good as Taikoo Yihe;
Even if small and medium-sized companies know that a big project is very profitable, they are not suitable to fully invest in it, because this will cause the company's capital chain to dry up and the risk will be too great. Even if it succeeds, it will cause it to be unable to do other things for several years. This is not suitable for small and medium-sized companies. This may not be a good thing for a development company.
Qi Dezun said again: "Yang Sheng, of course I want to win it, so I want to ask you to come forward as a guarantee. I will give you 3% of the guarantee amount, which is much higher than the 2% on the market."
"It's much higher, but do you think I'm 1% behind?" Yang Wendong asked with a smile.
Qi Dezun asked: "What does Yang Sheng need, just tell him."
Yang Wendong thought for a while and said: "I can guarantee it for you at Citibank, and the interest will not be very high, but it requires the terminal, the Hutchison Building, the existing terminal in Huangpu, and the shares of Junyicang as guarantee."
< br>
Today, Hutchison Whampoa has undergone major changes. No one can say whether the original historical collapse will occur in 1973. It is even uncertain whether the stock market crash of 1973 will move back and forth;
However, Qi Dezun's disorderly expansion will definitely cause catastrophic problems, but when nothing is certain, he naturally has to keep an eye on several of Hutchison Whampoa's core assets to avoid the day when Hutchison Whampoa mortgages these to Other companies may be short-changed.
"Yang Sheng, your mortgage is too much, right?" Qi Dezun said with some embarrassment.
"Not much. Although I also think that the terminal will make money, there will be no returns in the early years." Yang Wendong added: "Besides, the business of the next five terminals may not be as good as my current terminal. Naturally, I also need to consider the reality;
However, if the data is considerable after the terminal opens for business, then I will increase the mortgage amount of this container terminal. In the future, several other collaterals can be negotiated to reduce the mortgage. ”
It also takes several years to build a terminal. What will happen in a few years will be decided at that time. Maybe Hutchison Whampoa will go bankrupt, or it may develop better. Anyway, just make sure you are not losing money and still making profits.
Qi Dezun thought for a moment and then said: "Okay, let me negotiate internally first. If there is no problem, I will send someone to negotiate with Yang Sheng's people."
"OK." Yang Wendong nodded and said: "That's it, but since I'm here, I also want to have a comprehensive understanding of Hutchison Whampoa now." Qi Dezun smiled and said: "No problem, please come here, I I’ll take you to the reference room to have a look.”
Global Shipping, Bao Yugang called his right-hand assistant Aaron and informed him of the matter.
After listening, Aaron said: "Sheng Bao, didn't you say before that you were not planning to invest in Hong Kong properties?"
Bao Yugang shook his head and said: "I am not prepared to invest in property, but the dock is not only the property, but also the foundation of the ship. Once we have our own dock, we can save a lot of money by parking the ship by ourselves. More importantly, It saves time.”
A small berthing fee is not a big deal with Global Shipping's current financial resources; but many times, when the port is busy, you need to queue up, which wastes time, and time is often more valuable than money.
Aaron also agreed: "That's true, but it requires a lot of money."
"I have to find Sanders." Bao Yugang said again: "I just don't know if Sanders is willing to help me with the dock."
The next day, Bao Yugang found Sanders of HSBC and told him his needs.
"What, you want to invest in the port?" Sanders was shocked after hearing this.
Bao Yugang nodded and said: "Yes, this will be of great help to global shipping. Mr. Sanders should also understand."
"Are you a family?" Sanders asked again.
Check out the 16-9 book bar and see the correct version!
Bao Yugang shook his head: "No, Yang Wendong will participate. He will hold about 15.9% of the shares. In addition, I will find some other Chinese capital to participate. I only need to control 51%, which is enough."
A large-scale project like a port terminal is equivalent to several large oil tankers. For such a large investment in an industry that is not specialized in, he will naturally invite multiple consortiums to come in, so as to avoid risks and ensure cooperation.
Sanders frowned and said: "Sheng Bao, 51% is not a lot. Isn't it too risky? You are good at shipping, but not good at docks."
"Container terminals are not good for many people." Bao Yugang said: "And Yang Wendong will become a shareholder. After my terminal is put into operation in the future, their terminal has been operating for several years. Whether it is to participate in helping or directly from my side, Poaching people is feasible, and I don’t think the risk is high.”
"In that case, that's okay." Sanders couldn't find any reason for a while.
Pao Yugang also saw it and asked: "Mr. Sanders, HSBC is also an antique of global shipping. Is it because they don't want us to participate? Or are there other reasons?"
"Sheng Bao, you also know the significance of the dock to British capital, so I won't say more about it." Sanders added: "If you decide to participate, I will support you, but at the risk It is still necessary to control this area. ”
Nowadays, let alone HSBC, even the Hong Kong government cannot directly ask a large Chinese company to do or not do anything. The powerful British Empire decades ago no longer exists;
Pao Yugang smiled again and said: "Mr. Sanders, I understand, but now Hong Kong basically does not distinguish between Chinese and British capital. We have a saying in Chinese that it doesn't matter whether the cat is black or white, as long as it catches mice, it is a good cat; < br>
In Hong Kong's business world, whoever can make money is the king. Although British capital is large, it doesn't seem to have much cooperation with HSBC, right? ”
"Yes, Mr. Bao is right. Don't worry, I will still support you." Sanders nodded.
Jardine Matheson and HSBC have competed for the title of the largest financial group in Hong Kong many times. Therefore, in many cases, Jardine Matheson will deliberately not cooperate with HSBC. Swire has no disputes in this regard, but Swire has close relations with local banks in the UK and has a close relationship with HSBC. There are not many cooperations;
This is also the reason why HSBC began to gradually support Chinese capital. It was not to do good deeds, but to find that although the number of Chinese capital was large, it developed rapidly and could bring extremely generous returns to HSBC.
Bao Yugang smiled and said: "Okay, I'll seek other people's opinions here."
Half a month later, the Hong Kong government received bidding applications from many companies, and consortiums from Japan, the United States and even Europe also signed up;
Within Hong Kong, the same is true for Chang Hing, Jardine Matheson, Swire, and Wheelock, as well as new generation consortiums such as Global Shipping and Hutchison Whampoa Group.
Yang Wendong also got the detailed information. After reading it, he laughed and said: "Bao Yugang and Qi Dezun have formed a joint consortium. He controls 51%, and other people can participate and provide money."
Zheng Zhijie said: "This is also a normal operation to avoid excessive risks. At the same time, the profits are given to other consortiums. In this way, other consortiums will also give away favors and help themselves in other projects."
"Well, I know." Yang Wendong nodded;
This is actually a routine operation in business. It is not good to be alone; because I am a time traveler who knows the future, I will naturally not exchange shares with other people’s risky projects;
And if he encounters a normal project and he is not sure about the risks, it is possible that other consortiums will be forced to take risks.
Zheng Zhijie added: "Now we have to wait a few months. With so many consortiums participating, the competition must be fierce."
"We don't care about Bao Yugang and Qi Dezun. They can get us and give them some help. If they think the price is too high, let them give up." Yang Wendong said: "But Pier 2 is a must for us. , must win,”
At the moment, no one knows how strong Hong Kong's industry will be in the future. Even after it is reopened, it will have to rely on the Hong Kong port for a long time. In theory, other consortiums would not dare to compete with them on price.
Zheng Zhijie promised: "Understood, I will be ready."
PS: Please give me a monthly ticket
(End of chapter)