章節 390: Chapter 390: 1.327 Billion in Liquid Assets
Watching Liu Shihao's departing figure, Xia Yu felt a flicker of anticipation.
Liu Shihao was indeed an unexpectedly discovered talent. Most importantly, his development ideas for the company were in line with Xia Yu's own thoughts. This meant Liu Shihao was someone who could effectively execute Xia Yu's commands and ideas.
There are many talents in the world, but finding someone whose thoughts align perfectly with your own is quite rare. Xia Yu was fortunate to find such a person at the moment he needed it most.
For this reason, Xia Yu had spoken with Liu Shihao for so long and had high expectations for him.
Before Xia Yu took over Cheung Kong, he had roughly formulated a development plan for the company in his mind during idle moments.
Cheung Kong, although referred to as a company, is actually a conglomerate. Its full name is Cheung Kong Holdings Limited, and it is the listed parent company.
Under Cheung Kong Holdings, aside from investment-related affiliated companies, there are four subsidiaries: Cheung Kong, Harbour Enterprises Limited, Hong Kong Tramways Limited, and the Star Ferry. Additionally, there are assets such as the group's buildings and the Marco Polo Hongkong Hotel.
Cheung Kong started as a dock and warehouse company and has evolved into Hong Kong's largest cargo port, owning deep-water docks, open cargo yards, and warehouses. It is a significant landholder in Hong Kong.
What's more important is that Cheung Kong's docks and warehouses in Tsim Sha Tsui, Hong Kong Island, and the New Territories are prime locations, immensely valuable. Hong Kong's real estate giants are envious, but daunted by the power of Jardine Matheson, they dare not make a move.
However, under the control of Jardine Matheson, Cheung Kong, despite having developed well-known properties like Harbour City, Ocean Centre, and the Maritime Building, operated in a rather low-key manner.
They adhered to the philosophy of constructing buildings with their own funds, leasing rather than selling, leading to slow cash flow and a tight financial chain. To alleviate the immediate crisis, they issued a large amount of debt, resulting in a mountain of debt, declining reputation, and stock depreciation, gradually heading towards doom.
In the previous life, it was not until the shipping magnate Bao Yu took over Cheung Kong Holdings that he immediately implemented sweeping reforms, starting with Harbour City.
He renovated the old Maritime Building, refurbished the Marco Polo Hongkong Hotel, built the Ocean Centre, and continued with the construction of the Gateway, Star City, various office buildings, and high-end shopping malls, making full use of Cheung Kong's large dock area to create Hong Kong's largest shopping center.
Harbour City is a typical representative of a commercial complex.
In the future, Harbour City's asset value reached over 160 billion Hong Kong dollars. Excluding the annual rental income from the hotel, it generated over 10 billion Hong Kong dollars in rental income. Harbour City's total retail sales reached over 50 billion Hong Kong dollars, accounting for over 7% of Hong Kong's total retail sales, ranking first in Hong Kong!
It was undoubtedly a golden goose!
After that, Cheung Kong Holdings further utilized its land to create a more grounded and civilian-oriented Times Square, which also saw a surge in foot traffic and substantial revenue.
With Harbour City and Times Square as its pillars, Cheung Kong Holdings firmly held its position as one of Hong Kong's four major real estate giants.
History proves that urban complexes are indeed the mainstream of the real estate industry, especially in densely populated places like Hong Kong, where they are even more suitable.
In this life, under Xia Yu's guidance and with the correct path taken from the previous life, plus Xia Yu's insight, Cheung Kong Holdings will definitely experience rapid and steady development in the real estate industry!
In addition to Cheung Kong and Harbour Enterprises Limited, the other two subsidiaries of Cheung Kong Holdings are also noteworthy.
Among them, Hong Kong Tramways Limited was acquired by Cheung Kong Holdings in 1974. Established in 1902, it monopolized Hong Kong's tram transport industry.
The Star Ferry is also impressive, known for its long history as a ferry service across Victoria Harbour. Over 70,000 people use the Star Ferry daily to travel between Hong Kong Island and Kowloon Peninsula. It is a common means of transportation for Hong Kong citizens and holds a monopoly on tourist transport across Victoria Harbour.
The Star Ferry is as historically significant as Hong Kong Tramways and the Peak Tram.
Out of these three, two belong to Cheung Kong Holdings!
As daytime passed, under Xia Yu's strong reorganization, the entire Cheung Kong Holdings staff quickly left a deep impression of the new boss, Xia Yu. Despite the chaos in the company, it soon stabilized under Xia Yu's management.
In addition to handling matters related to Cheung Kong Holdings, Wang Qi was responsible for stock repurchases, while Xia Yu instructed Yan Shining to cooperate with Li Wuming to enhance security for himself and his family.
Xia Yu was not foolish. After provoking a confrontation, he knew that Jardine Matheson would likely retaliate, so he needed to strengthen security for himself and his family.
Although the security personnel training was not yet complete, Xia Yu had Yan Shining halt the training and deploy personnel. Ordinary security personnel handled routine tasks such as maintaining order and patrolling.
Meanwhile, Yan Shining's former subordinates and some capable new recruits were assigned around Xia Yu and his family to ensure their personal safety.
With his lower profile and enhanced security, Xia Yu finally felt some relief.
It was time to tally his achievements!
Xia Yu earned 1.413 billion Hong Kong dollars from gambling. After spending 96 million on purchasing Li Television and RVs, he had 1.317 billion in liquid assets remaining.
This liquid asset amount excluded accounts from Jiuding Securities Company, Jiuding Media Company, and other companies, focusing solely on the remaining funds from gambling.
He then spent 20 million Hong Kong dollars to acquire Guang'an Bank.
Next, he earned 424 million Hong Kong dollars from the Jardine Air Cargo Station battle.
Following that, he acquired 60% of the equity in Jardine Insurance Consultant Group, costing 296.8 million Hong Kong dollars.
Then came the spectacular battle with Jardine Machinery Group, which yielded 1.003 billion Hong Kong dollars in profits, including 30% of Jardine Insurance Consultant Group's equity and 853 million Hong Kong dollars in cash.
Apart from these, other investments and equity exchange profits from the Galaxy Fund accumulated to about 20 million Hong Kong dollars.
Finally, for Cheung Kong Holdings, he had acquired 62.2% of its equity, spending a total of 970 million Hong Kong dollars.
However, 395 million Hong Kong dollars of this was spent earlier when Jiuding Securities acquired stocks, with 285 million being leveraged through HSBC's tenfold leverage.
Xia Yu had completed the internal transfer of equity, moving it from Jiuding Securities Company to the Galaxy Fund, which then paid Jiuding Securities Company 395 million Hong Kong dollars at cost.
After receiving the money, Jiuding Securities Company immediately removed the financial leverage, reducing 285 million to 28.5 million. Adding the original self-owned funds of 142 million and profits earned during this period, Jiuding Securities Company's internal liquid assets, excluding the funds for those funds, reached 185 million Hong Kong dollars.
Xia Yu did not include Jiuding Securities Company's funds for now, setting them aside, and continued to account for the Galaxy Fund.
After all these transactions, his current liquid assets had surprisingly reached around 1.327 billion Hong Kong dollars, nearly 10 million more than the 1.317 billion before the actions.
But don't forget!
Compared to before, Xia Yu now held Guang'an Bank, 90% of the equity in Jardine Insurance Consultant Group with an original market value of 5 billion Hong Kong dollars, and 62.2% of Cheung Kong Holdings' equity!
The over 10 billion Hong Kong dollars earned from gambling was originally meant for acquiring Cheung Kong, and the progress had been so smooth. Not only did he not lose money, but he also obtained everything he wanted!
After tallying everything up, Xia Yu was extremely pleased.
"However, it's not time to be complacent yet. The current market value of Cheung Kong is still undervalued. Completing the privatization requires nearly 38% of the equity and will need a large amount of money, but 1.327 billion is definitely enough!"
"Continue to keep a low profile and fully focus on achieving the privatization goal of Cheung Kong Holdings!"
Xia Yu smiled and thought to himself.
每周推薦票狀態
-- 推薦票
榜單 
-- 推薦票