Chapter 640 History repeats: Jardine’s goal
Before 1971, Jardine’s head was named John Kessker, but since the beginning of this year, the top leadership of Jardine’s Group had been replaced, which is now Henry Kessker;
As the family behind Jardine, the core company leaders including Land and Hutchison Whampoa were basically from the Kessker family, but there were a few exceptions. For example, in the 1980s, Jardine’s head was the foreigner named Nübijian, which was said to have involved a very large internal struggle. Nübijian beat the Kessker family. Just looking at this point, you can see its ability.
In Hong Kong, there are actually many powerful British people. Qi Dezun is one of them, and so is Niubijian, and Ma Shiming in the future is also not bad. Among these idle and sufficient people, there will always be powerful people.
The British capital in Hong Kong has gradually declined. The essential reason is that the descendants of the controlling family are limited. In fact, long-term Chinese and European and American families are the same. The only exception is Japan. Japanese big families or consortiums will use their bloodline to attract high-capacity son-in-law, which can not only ensure the control of the family's bloodline for the company, but also avoid a certain degree of "wealth is not only for three generations."
Fang Xianming said strangely: "Henry Keserk is looking for you at this time. Did he know that we are taking action against Hutchison Whampoa? But it should be impossible. All actions are absolutely confidential, and even few people in us know. Moreover, I have also taken many shares in other British-funded companies to avoid being known by insiders."
" Judging from his tone, it should not be about Hutchison Whampoa." Yang Wendong thought for a while and said: "Let's go and meet first. Maybe Henry Keserk has just taken over Jardine Mathematics Group and wants to handle the relationship with other consortiums in Hong Kong. , It is also possible, you can go with me too."
Fang Xianming said: "Okay."
On the third day, on March 10, Yang Wendong brought Fang Xianming and some bodyguards and assistants to Mandarin Oriental Hotel, which is also the hotel industry of Jardin Group in Hong Kong;
As the largest British-funded real estate in Hong Kong, Jardin’s investment hotels seem to be just a play, not as an industry to operate. Even in the next few decades, including the mainland, Mandarin Oriental will only have about 40, which is not a lot;
This model is actually true. The cost of investing in hotels by yourself is too high, and it must be in cities in different countries, with too high risks and management costs. Only the franchise model like InterContinental and Hilton is the most suitable industrial model, but it is very difficult to do this. The market has long been snatched away by these European and American brands, and it is difficult for late-developed brands to have the opportunity to gain the trust of most local capitals in the world;
Even the Four Seasons Hotel, Yang Wendong dared not say that he would succeed. If he really can't do it in Europe and the United States, then he would just operate it seriously in the mainland in the future. In the early stage of self-built in the mainland, although it cost a little more money, in the earliest mainland, only formal projects could legally and reasonably obtain commercial land in the city center of any city. This is the most cost-effective, although a joint venture may be needed at the beginning.
After entering the presidential suite on the top floor, Yang Wendong saw two white men, one was Henry Kessek and the other was a middle-aged man about 40 years old.
"Hello, Mr. Yang, I have been recognizing my reputation for a long time." Henry Kessek smiled and stretched out his right hand and said in fluent Cantonese: "In the UK, you are also a very successful well-known person. Many officials in the British political circle are very optimistic about you."
As a senior member of Jardine Mathematics Group, or any senior British-funded group who is in Hong Kong, it is basically necessary to know Cantonese, and you even need to be able to read Chinese characters, otherwise you are not qualified at all. This is even a urgent need. It may not be necessary decades ago, but now that the Chinese capital in Hong Kong is rising, the British also need to pay attention to Chinese people.
Of course, there are very few exceptions, such as Hong Kong Governor MacLeho, who was suddenly transferred to Hong Kong and naturally did not understand Cantonese or Chinese characters. It is said that he has been studying, and it is estimated that he will be able to communicate in more than two or three years.
Yang Wendong also held back and smiled, "Mr. Kessek has won the award."
"Please sit." After Henry Kessek reached out to point at the sofa next to him, everyone also sat down.
The hotel waiter also immediately stepped forward to make tea. This little time is not suitable for serious matters, and the two sides also exchanged some greetings on some small issues.
After the waiter left, Henry Kessek said, "Mr. Yang, I invite you out today because I want to communicate with you in person. In the next few years, the development plans of our two groups in Hong Kong will be held;
After all, as the largest group of Chinese and British capital, you and me now overlap in multiple businesses, and there have been fierce commercial competition in the past;
Although this is normal, after all, Hong Kong is just a little big, and it is normal for large consortiums to compete, I still hope to avoid vicious competition. Everyone chooses the right direction and earns their own interests. This is the most important thing, right? "
"I agree with this, but I don't know how Mr. Kessek is going to arrange this? "Yang Wendong said with a faint smile.
Although the historical descriptions of many commercial mergers and acquisitions in the past life seemed wonderful, in fact, if it were not forcibly, few people would like to launch mergers and acquisitions or vicious competitions like this, because the cost is too high, and it is best to do business peacefully and friendly.
Unless it is really too much influenced by interests, such as the Chinese capital in Hong Kong wanted to develop in the 1980s, but the British capital that once monopolized everything blocked the way, so there were many popular acquisitions and war cases. Of course, hedge funds and investment banks that use acquisition as the core of profits are exceptions, these companies wish that the world will be in chaos and they can make profits.
Henry Kessek smiled and said, "That's right. The more profitable industries in Hong Kong are nothing more than shipping, real estate, finance, and trade. Among them, the biggest conflict between us may be real estate. The Hong Kong government's bid for land many times, and Jardine Mahjong and your company have competed in the past;
No matter who loses and who wins in the final outcome, we will pay a higher price, which is not a good thing for you and me."
"This kind of competition itself is normal. Without you, I will have other people." Yang Wendong asked again, "What do you mean is that you and I will reach a tacit understanding before every auction in the future? This is probably difficult."
In fact, there are some similar cases, and many different consortiums will do this, but the interests involved are not coordinated, and in the end, it will be true at the auction. If it is so easy, the Hong Kong government will not be able to make such a feast.
Henry Kessek said: "Yes, it's difficult, but we don't need to pursue an agreement every time, such as a piece of land, you and I want it. If one party wants to hold on himself and the other party just wants to build it for sale, then the party holding on himself should have priority after appropriate negotiation;
If you are all ready to sell, purely for making money, then both parties will discuss a joint venture ratio, or this time it is your next time it is me;
If you want to hold on himself, but you really can't negotiate, and you want nothing to talk about it, then it's up to see who is willing to pay more high prices at the auction. Anyway, even if it is not completed, it will not be lost to us. It is naturally better to have a negotiation. Every time it is completed, it may save tens of millions of funds for both of us."
"What you said makes sense, it is indeed cost-effective." Yang Wendong nodded.
In the real estate business, it is indeed impossible for all consortiums to negotiate how to allocate, but the two large consortiums that are ranked high and often compete can negotiate in advance to avoid vicious competition;
Even though Changxing Group may be a little stronger than Jardinet in terms of assets now, it is not always a real estate auction, and there are too many reasons that affect this kind of thing. "That's good. After the Hong Kong government announces the land information in the next auction, we will first send our subordinates to discuss it. If it is not of extremely high value, our approach will definitely save a lot of unnecessary waste." Henry Kessek said with a smile.
"Yes." Yang Wendong agreed. Although he might get into a quarrel with Jardine's soon in the future, the magical thing is that it may not affect other businesses;
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Business is like ZZ. It has no eternal enemies or eternal friends. Even if you snatch Hutchison Whampoa, you may have bad relationships in a few months at most, but it may return to normal at any time. As long as it is profitable, some businessmen are not afraid of hanging, let alone some of the conflicts in the past;
Relatively speaking, the Chinese family may care more about their family industry. If there is a dispute, they will really hate it for the rest of their lives, and may even have physical revenge. Therefore, whether it is for his own safety or the top Chinese consortium, he will not take the initiative to forcibly acquire the industries of other Chinese families, at most, invest, be mutually beneficial and win-win, or help one of the shareholders.
Henry Kessek paused and continued, "Mr. Yang, there is another thing I need to tell you in advance. I hope that you will try to keep a secret for us regardless of whether you agree or not.
Our Jardine Group is preparing to initiate a merger and acquisition of a Chinese-funded enterprise."
"Chinese-funded enterprise?" Yang Wendong's heart moved. Is Jardine ready to attack Milk International in advance?
But it's normal to think about it. Such a large acquisition plan must have been decided suddenly. In history, Land launched a merger and acquisition notice on Milk International in October 1972. Now, due to its own influence, both real estate and finance are stronger than in history. In addition to the uncontrollable butterfly effect, it is not abnormal for Jardinet to fall in Milk International earlier and prepare to start early.
Milk International has a century-old history and was still raising cattle in its early years. This agriculture naturally requires a lot of land. Just like Watsons in Shatin, the difference is that Milk International raised cattle in some areas of Hong Kong Island in its early years. These lands are of high value today. It can be imagined that even Yang Wendong is optimistic about this company.
In addition, Milk International was created by a British man in his early years to provide milk to Hong Kong citizens, but in a century of business history, it was gradually controlled by Chinese capital and eventually controlled by Sir Zhou Xinian. It is a very rare transfer of Chinese-English capital, silent and without any conflict.
Henry Kessek said: "Yes, our goal is Milk International. This company, Yang Sheng, should also know that they also have some business conflicts with your Watsons, so I hope that when we take action, Changxing Group will not interfere."
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(This chapter is over)