Chapter 837 Lao Li’s Conditions
However, some people obviously will not meet the basic quota.
Dingle bell….
Xu Liang’s cell phone rang.
Picked it up and looked at it, smiled slightly, and pressed the answer button.
"Mr. Li, you called me right after you finished playing. Did you leave something here?" If you eat raw, you still want to be rewarded," Li Jiacheng said.
"Is it just a meal?"
"There are still a few business discussions, I believe Xu Sheng will be very interested."
"Haha, it's obviously not a small amount of business that Mr. Li can talk about in person?"
"Mr. Xu is guaranteed to be satisfied."
"I'm looking forward to meeting Mr. Li very much."
"I will send the address to your mobile phone shortly."
"OK."
After hanging up the phone.
"Li Jiacheng?" Lu Hui asked curiously.
“Yeah.”
“In the past few years, the Li family has been selling off assets to subsidize the European telecommunications business.
It seems that he wants to take this opportunity to make money by selling off assets. I also got a higher fund share from you, killing two birds with one stone.”
Xu Liang nodded, Li Jiacheng is a very ambitious person.
Once you identify a certain industry, you will spend money without hesitation.
Especially the European 3G business.
A license can cost hundreds of millions, billions, or even billions of dollars.
More expensive than licenses is base station investment.
Basically, tens of billions of Hong Kong dollars are invested every year.
In 2003, Hutchison 3G business suffered a loss of HK$18.3 billion, while Hutchison's inherent business profit was only HK$29.5 billion.
In other words, Lao Li invested two-thirds of Hutchison Whampoa's profits into the 3G business.
However, the 3G business in Europe was still in the cold winter in 2003, and the profit model was unclear and immature.
Coupled with the excessive investment in the 3G license business, the entire European telecommunications industry is in mourning.
But in this situation where the future was bleak and no clear 3G profit model could be found, Lao Li put his own wealth on the line.
And surprisingly big.
In 2004, Hutchison Whampoa's European 3G business suffered a huge loss of HK$37.5 billion.
This year, Hutchison Hutchison’s total business profits were only HK$32.4 billion.
That is to say, profits are not as good as losses.
Hutchison lost money.
In 2005, four months to date, Hutchison Whampoa has lost HK$12.9 billion in 3G business.
If by the end of the year, the loss will definitely exceed HK$25 billion.
According to Hutchison Whampoa's layout in Europe, they will still be losing money for many years.
It is certain that the total investment will exceed HK$100 billion.
In order to hedge its losses in the 3G business, Hutchison Whampoa had to sell off its assets.
In 2003, Hutchison Whampoa sold its European bottled water business to Tingyi, making a profit of HK$1.683 billion.
Sold its minority shares in Vodafone and Deutsche Telekom, making a profit of HK$2.627 billion;
In addition, various asset provisions overaccrued in previous years were also reversed, totaling HK$7.81 billion. .
The total of these three items increased Hutchison Whampoa's non-main business income by HK$12.1 billion, offsetting more than half of the HK$18.3 billion loss in 3G business in 2003.
By 2004, due to the larger scale of losses, Hutchison Whampoa sold assets on a larger scale.
Sold its 20% stake in Yangcheng Procter & Gamble to Xu Liang’s Hongyan Fund, making a profit of HK$13.759 billion;
Sold Hutchison Global Telecom (i.e. Xiangjiang Telecom) business), with a profit of HK$1.3 billion;
Sold part of the equity of Hutchison Telecommunications International (i.e., Asia Telecom Business), with a profit of HK$4.1 billion.
These three items combined brought Hutchison Whampoa 19.1 billion Hong Kong dollars in non-main business income, offsetting half of the 37.5 billion Hong Kong dollars loss in the 3G business that year.
In 2005, large investments in the 3G business continued, and correspondingly, Hutchison Whampoa's asset sales did not stop either.
First, the issuance of new shares of 'Hutchison Telecommunications International' made a profit of HK$1.15 billion;
The sale of 19.3% equity of 'Hutchison Telecommunications International' made a profit of HK$7.4 billion;
Sold 49% stake in Australian power distribution business, making profit of HK$3.7 billion.
But compared with the huge investment of HK$12.9 billion in less than half a year, these are obviously not enough.
"Li Jiacheng wants to kill two birds with one stone, and I don't mind. However, if the bait he brings out is not strong enough, I have to say sorry," Xu Liang said.
Lao Li has many good things under his banner.
Usually it is extremely difficult to take some meat out of this old fox's mouth, but now that he is asking for it, it is an opportunity.
Ding dong…….
The text message alert sounded. Xu Liang took a brief look and handed it to Lu Hui.
"Remember to remind me."
"Okay."
The car moved forward along Pule Road to the top of Victoria Peak. From a distance, you can see a fan at the end of the road. A green barrier more than two meters high was erected blocking the way.
This barrier surrounds and surrounds the entire top of the mountain.
Seeing the car approaching, several bodyguards guarding the intersection quickly waved to stop the car.
Zhang Hongwei, the bodyguard captain in the car in front, got out of the car to negotiate for a while.
The entrance door quickly opened to both sides.
After the three cars drove in, a large construction site spread over the top of Victoria Peak came into view.
After waving his hand to signal the car to stop on the side of the road, Xu Liang walked out.
After receiving the news, I waited aside in advance, and a middle-aged man wearing a yellow safety helmet quickly came forward to greet me. "Hello, Mr. Xu, I am Liu Hong, who is in charge of the 'Tian Bi Gao' project."
Xu Liang smiled and stretched out his right hand, shaking it briefly.
"How is the progress of the project?"
"The pile foundation project has been completed and is expected to be completed by the end of the year." Liu Hong said quickly.
After the Tianbigao mansion was acquired by Xu Liang, he acquired some surrounding land on the original basis, increasing the entire Tianbigao area from the original 4,400 square meters to 8,500 square meters.
And all the mansions of the Governor of Hong Kong, which had stood for half a century and had become dilapidated, were bulldozed.
Let the design department of Taihua Group redesign the entire project according to his requirements.
On the premise that you have money and willfulness.
The uneven top of the mountain was dug directly into a complete plane.
For this reason, hundreds of thousands of tons of earth were excavated.
In addition to leveling the ground, what is more difficult is the excavation project inside the mountain.
Influenced by the old Gates' Peach Blossom Land, Xu Liang dug down three levels.
The first floor is 5,000 square meters, including a swimming pool, audio-visual room, fitness center, underground conference room and other complete functional facilities.
The second floor is 4,000 square meters, which is storage space.
Storage and display of antiques and art, as well as jewelry, gold, etc.
The third and final floor covers an area of approximately 3,000 square meters.
It is a complete refuge center.
Made in accordance with nuclear bomb-proof standards.
And the materials and equipment stored inside can support one hundred people to survive for five years without leaving home.
The entire third floor is located fifty meters underground. It is surrounded by thick armor steel and various special materials. Coupled with the surrounding mountains hundreds of meters thick, it can be said to be impregnable.
But even so, his sky-high project is still inferior to the old Gates' Peach Blossom Land.
The latter’s evacuation center is two hundred meters deep into the mountain, which is simply abnormal.
Compared to the huge underground space.
The surface part of the Tianbi Gao project is much smaller.
The three floors combined are only about 3,500 square meters.
Most of the surface space is reserved green space, as well as swimming pools, tennis courts, garages and other facilities.
Added all these together, the construction area of the entire Tianbigao project reaches an insane 23,000 square meters.
From land purchase to construction, this project has cost Xu Liang nearly 1 billion Hong Kong dollars.
It can be said that the Tianbi Gao project is the base camp he built with ease.
It is the core of his future dominance of global industries.
Under the leadership of Liu Hong, we walked around the ‘Tian Bi Gao’.
"Work hard. If there are no problems with the final project acceptance, you will not be short of benefits."
"I will do my best not to let you down." Liu Hong said excitedly.
As the vice president of Taihua Real Estate, why did he leave the huge company alone and come here specifically to take charge of the Tianbigao project?
Isn’t it just to get closer to Mr. Xu and leave a good impression in front of the big boss?
After smiling and patting his shoulder, Xu Liang got in the car and left.
After having a light meal at noon, we arrived at the Central Center at about three o'clock in the afternoon.
Li Jiacheng’s office is on the top floor of the Central Centre.
"Xu Sheng, welcome, welcome."
"Mr. Li, you are so polite."
After a brief exchange of greetings, the two sat down on the sofa in the reception area next to them.
"I heard that Xu Sheng likes to drink tea, so I specially prepared the best West Lake Longjing."
"Thank you."
Putting it up, the two people gestured from a distance After a while, each took a sip.
Xu Liang’s time is precious and he doesn’t want to waste it.
Directly.
"Mr. Li, let's get straight to the point and tell you about your big business?"
"Xu Sheng is quick to speak."
As he said this, he handed over the information he had prepared in advance. Come over.
“Please take a look.”
Xu Liang took it and scanned it quickly, his eyes lit up.
"Mr. Li plans to sell Xiangjiang International Container Terminal and COSCO International Container Terminal to me?"
Currently, there are nine container terminals in Xiangjiang with 24 berths, covering an area of 279 hectares. It is about the size of 6,700 standard basketball courts.
The nine terminals are divided into three operators.
Heung Kong International Container Terminal (HIT) owned by Li Jiacheng's Hutchison Ports, and COSCO-International Container Terminal, a joint venture between Hutchison and COSCO, together occupy No. 4, 6, 7, and 8 There are a total of five container terminals in the Pier (East) and Pier 9 North, accounting for 62% of the capacity of the Xiangjiang Container Terminal.
It is a well-deserved giant in the Hong Kong container terminal industry.
Second only to Hutchison is the ‘Asia Container Terminal’.
On the eve of Hong Kong's return, it was a joint venture between Heung Kong Land, Sun Hung Kai Properties, NWS and Global Container Terminals.
Obtained the operating rights of Kwai Chung No. 9 Container Terminal. Later, Asia Container Terminals exchanged berths with Modern Container Terminals and obtained two berths at the ‘Kwai Chung No. 8 West’ Container Terminal.
At the bottom of the list is the ‘Modern Container Terminal’ owned by the charter king’s son-in-law Wu Guangzheng, owned by the Wharf Group, which owns two berths south of Pier 1, Pier 2, Pier 5 and Pier 9.
Although there are many terminals, No. 1 and No. 2 only have one berth, and the scale is only a quarter of that of No. 7, No. 8, and No. 9. Therefore, the capacity of the 'Modern Container Terminal' is only about 20% of the total capacity of Xiangjiang.
If Xu Liang takes over Xiangjiang International Container Terminal and COSCO International Container Terminal, he will be able to control 60% of the transport capacity of the Xiangjiang container terminal industry.
(End of this chapter)