Chapter 4 Sniper
Looking at the first few pages of the document, Qilianshan thought Liang Yuan was going to form a first-class local media in Hong Kong.
The first page of the document is normal. After Liang Yuan plans to acquire the Victoria Bay Area Daily, he will continue to strengthen the newspaper's original main business, Asian economy, stock market analysis, local stock evaluation and other aspects. In addition, the newspaper will also add three aspects: Hong Kong Island news, entertainment, current affairs and other aspects.
When the organizational structure of the new enterprise was described and the purpose of establishing a new enterprise in Hong Kong was really shocked.
Snipe Hong Kong, short Jardine Mathematics, suppress the stock market, and acquire land.
Liang Yuan wrote the purpose of establishing a media company very concisely and straightforwardly.
The Qilianshan family has moved to Hong Kong for two years, and for three years, they have a very good understanding of local Hong Kong companies and wealthy business districts.
In the early years, Hong Kong was completely the world of the four major British foreign companies Jardine Malay, Swire, Hutchison Whampoa and Hokkien. In addition to the commons reserved by the Hong Kong government, these four foreign companies controlled more than 80% of Hong Kong's developable land and controlled Hong Kong's electricity, gas, ground transportation, sea shipping, air flights, food supply, commercial retail, medical care, finance, etc.
Although since the 1970s, with the rise of Chinese consortiums such as Pao Yu-kong, Li Chaoren, and Ho Ying-tung, and the continuous internal struggle with the four major British banks, Hutchison Whampoa and Hui Defeng among the four major foreign banks were captured by Li Ka-shing and Pao Yu-kong respectively, and the Hong Kong economy is no longer the British government's domination of the world.
However, before the Jardines Group relocated in the mid-1980s, British-funded enterprises still occupied more than half of Hong Kong's economy. The assets of the Jardines Group alone were enough to overwhelm Hutchison Whampoa and Huidefeng, which were acquired by Lee and the two.
The predecessor of Jardine Wong Company can be traced back to the East India Company period. In the official history of Jardine Wong, Jardine Wong Company was founded in 1832 in Guangzhou, China.
At that time, China was in the Qing Dynasty. After Jardine Mahjong's foreign company was established, he participated in the opium trade with China. When the national hero Lin Zexu implemented a ban on smoking in 1839, Jardine Mahjong's founder William Jardine personally lobbied the British government to go to war with the Qing Dynasty, and also advocated obtaining Hong Kong from the Qing Dynasty as a trade base.
It can be said that Jardinet Foreign Company played an important role in the existence and development of Hong Kong in the early years, and was known as "Jardinet before Hong Kong exists."
It was not until 1872 that Jardine had given up its evil opium business in China under pressure from the international community. After that, Jardine's investment business gradually diversified. In addition to trade in tea, raw silk, textiles, flour, etc., Jardine began to invest in the construction of railways, docks, various factories, mining, shipping, banking and other industries in mainland China and Hong Kong, and began the diversified operations of the group.
In 1876, Jardineshe built the Wusong Railway, China's first railway, in Wusong, and also installed China's first elevator and introduced various machinery and industrial equipment. In 1912, Jardineshe officially established the headquarters of the entire group in Wusong. At this time, Jardineshe had become the largest British consortium in the Far East.
After the founding of the Republic, most of Jardine’s assets and businesses in mainland China were nationalized. In 1954, after the Republic set off a wave of public-private partnership, Jardine moved the group’s headquarters back to Hong Kong.
In 1961, Jardine Mahjong-related companies were listed in Hong Kong, and it took less than 15 years. Jardine Mahjong developed into a large comprehensive consortium with seven or eight listed companies and listed companies with assets of nearly HK$70 billion.
After entering the 1980s, with the signing of the Sino-British joint statement, the prospect of Hong Kong's return to the motherland had been clear, and Jardine Mahjong, which was hostile to the Republican government, began to withdraw the assets of its companies from Hong Kong.
In 1984, Jardines moved its company's registration location from Hong Kong to Bermuda, preparing to move the listing locations of the group and its subsidiaries from Hong Kong to Singapore or London.
It can be said that if the withdrawal of Jardine Mahjong companies did not make room for development in Hong Kong, the time and cost of the rise of the richest Chinese in the future would be greatly increased.
Whether doing business or fighting, everything involved in retreat is generally accompanied by costs and losses. Although Jardinet's pace of withdrawing investment in Hong Kong is firm, it also suffers heavy losses due to the excessive asset scale and regular fluctuations in the economic cycle.
Before Liang Yuan was thrown into this world, during the global economic downturn in the early 1980s, Jardine Mahjong sold two of its listed companies, Hong Kong Electric Lights and China Gas, to Li Chaoren and Li Ka-shing respectively to improve the cash flow of the entire group.
After selling off the power and natural gas business, Jardine’s business in Hong Kong Island includes Kinmen Construction, Hong Kong Air Freight Station, Yizhong Airport Service, Hong Kong Container Terminal, Wellcome Supermarket, 7-11 convenience store, Meixin Food Group, Jardine Pacific Insurance, Investment Bank, etc., with nearly 100,000 employees.
Nowadays, Jardine has lost weight, including Hong Kong Land, Milk Company, Mandarin Oriental Hotel, Jardine Strategy, Jardine Holdings and other listed companies. The market value of the group company exceeds HK$50 billion. It is still the top consortium in Hong Kong.
More than 50 billion Hong Kong dollars were exchanged for more than 6.5 billion US dollars, not counting Jardine’s companies in the UK, the United States, Southeast Asia and other places. Jardine’s asset on Hong Kong Island alone is not something Yuan Jia can shake at this time.
Since CMB Aerospace's capital injection was phased, Liang Yuan misappropriated Shangri-La Electric's overseas sales collection, which allowed Liang Yuan to use at $600 million. In addition, Yuanjia has no potential to raise cash.
In Qilianshan's view, using $600 million to acquire at least $6.5 billion in assets is no longer a description of a snake swallowing an elephant. No one except Liang Yuan can have such a crazy idea.
"Ten years ago, Li Ka-shing, known as the number one businessman in Hong Kong, led Cheung Kong Industrial, with a market value of HK$1.1 billion, to acquire Hutchison Whampoa, with a market value of HK$6 billion. It is known as the most classic small fish since the opening of Hong Kong's ports." Qilian Mountain paused for a moment.
"With Hutchison Whampoa's active cooperation with no one to fight back, Cheung Kong Industrial did not complete its integration until three years ago. If the eldest young master wants to acquire Jardine Mahjong, the difficulty will be several times higher than that of Cheung Kong Industrial's acquisition of Hutchison Whampoa. Unless the eldest young master can control Jardine Mahjong, the Caesar family, who now controls Jardine Mahjong, will fight back to the death."
"A year ago, Li Ka-shing and Jia Xiaosheng from CITIC Group, and the Zheng brothers in Hong Kong spent 7 billion Hong Kong dollars to jointly acquire Hong Kong Land during the stock market crash, but were repelled by the Caesars family. In the end, the two sides signed a seven-year armistice agreement. The lessons of the past are not far away. You must think twice." Qilianshan said incredibly.
Chapter completed!