Bao Junyi interjected, “That’s why I insisted on acquiring one of Hutchison Whampoa’s companies instead of Jardine Matheson.”
"Because it has so much to offer to Wharf Holdings, if the two companies were integrated, they would form an industry monopoly."
Because, in its previous life, Hutchison Whampoa was acquired by Li Jiacheng. Through the process of swallowing an elephant, it was quickly split and reorganized, and became one of the four major families in Hong Kong in later generations. It was also Hutchison Whampoa that laid the foundation for the rise of Li Jiacheng.
After all, Hutchison Whampoa owns a large amount of cheap land, and Watsons' chain retail business in Hong Kong can bring in a large amount of stable cash flow, which also allows Cheung Kong Holdings to have enough cash to acquire a large number of cheap assets during the subsequent stock market crash and continue to grow.
Jia Yuezheng said happily: "That is not Miracle Group, there will be a long-term and stable source of cash flow in the future."
"Yes, retail has the most stable cash flow of all industries."
Bao Junyi continued, "I acquired Hutchison Whampoa for another purpose."
"Mr. Bao, do you value Hutchison's shipyard and ship repair division?"
"Old Jia, you still know me best."
I don’t know, but the core of Hutchison Whampoa is these two sectors.
"Mr. Bao, do you want to go into the shipbuilding industry?"
"Yes, I came up with this idea when I met Mitsubishi Iwasaki Yasuke at the Paris International Motor Show."
Jia Yuezheng was puzzled and asked, "But Hutchison's shipbuilding technology is already outdated and cannot effectively realize economic value?"
"However, in the early 20th century, it was still quite large, with the ability to repair and build 10,000-ton ships. However, now its production technology is backward and it can only build low-value ships and repair ships."
"Old Jia, although Hutchison Whampoa's shipbuilding capacity is not good now, the basic foundation is still there, and we have a large number of skilled workers. What we lack is nothing more than technology and capital."
"If Miracle Group wants to develop international trade in the future, shipyard production and manufacturing will be essential."
"Besides, Hong Kong is small and has limited development potential. It's impossible for it to support too many businesses. Therefore, Miracle Group can only go global and continue to expand overseas."
All the management present were silently thinking about what Bao Junyi had just said. Indeed, many people did not think too far into the future, and most of their thoughts were still fixed on Hong Kong. However, their boss was thinking even further into the future.
Most of the management present lowered their heads in shame after hearing what Bao Junyi said.
Finally, after the reorganization, Hutchison Whampoa took terminals, warehousing, and container transportation as its core storage and transportation businesses, using them as the chessboard and import and export retail as the chess pieces, and vigorously developed them.
At the same time, the shipyard and ship repair sectors were separated to form "Miracle Heavy Industry", with ship manufacturing and repair sectors as the development direction!
The Miracle Group's top management meeting lasted for most of the day. This meeting filled in the two major missing sectors of the Miracle Group and laid the foundation for the Miracle Group's large-scale outbreak in the next few years.
......
The next day.
The Governor's Office and the Hong Kong Stock Exchange jointly issued a bill on the stock market shareholding mechanism, and major shareholders' increases and decreases in holdings need to be reported and announced to the Hong Kong Stock Exchange, which shocked all walks of life in Hong Kong!
The "take-up mechanism bill" restricts some people from secretly collecting chips and taking unified stakes, and also prevents hostile takeovers.
However, all Hong Kong citizens knew that this bill was aimed at Bao Junyi. It was also because of the two secret fundraisings and concentrated bidding that the Governor's Office was afraid that Bao Junyi would do it again, so they drafted the bill overnight and announced it the next day.
At this time, Bao Junyi was having morning tea at the Peninsula Hotel with Henry Fok, Philip Tung, Li Jiacheng and other members of the Automotive Supply Chain Alliance.
Ho Ying-tung jokingly said, "Ah Yat, you made such a big noise this time that the Hong Kong government even introduced a restrictive bill overnight, fearing that you would cause trouble again."
"It makes us old guys want to get excited this time and give the British a try."
"Hahaha!"
Ho Ying-Tong's words immediately caused a group of Hong Kong tycoons to burst into laughter.
Bao Junyi smiled bitterly and said, "There's nothing I can do. My family is poor, so I can only use some tricks to snatch it from the British."
"Bao boy, you are from a poor family. Then won't we old guys become beggars?" Li Jiacheng said unhappily.
"This...this isn't something we can show off right now. Only Miracle Games is here. The others aren't making much money right now. Some even rely on subsidies from the group to operate."
Gambling King He sneered, "Humph! Bao boy, stop crying poor here. Just the few cars you showed at the Paris Motor Show alone have sales of over 1.5 billion US dollars, right?"
"Oh, Uncle He, I didn't expect you to pay so much attention to me!"
Bao Junyi said coldly, "However, Uncle He should pay more attention to the business now. The Xiangjiang Supply Chain Alliance is working hard to develop. Don't let it hold everyone back!"
"Hmph! You don't need to worry about it. The module I'm in charge of will definitely not lag behind."
Dong Haoyun couldn't bear to watch any longer and said, "Let's talk about business."
"Ayi, is there something important that you gathered everyone together for this time?"
"I gathered everyone here this time because I hope you can follow my example and expand rapidly through mergers and acquisitions."
Huo Yingdong cheered up and said, "Ayi, what do you mean..."
"Yes, I think the same as you."
"Due to the shortage of talent in Hong Kong's science and engineering fields and the small number of local automotive industries, the industry's supply chain relies heavily on imports."
"We can only relocate talent and technology back to Hong Kong through international markets, mergers and acquisitions."
"This will greatly shorten the time it takes to set up R&D. Furthermore, they have a complete management system and talent and technology, so after the acquisition, they can immediately start production and generate profits."
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