章節 410: Chapter 410: Opening the Bloody Mouth Again (Part 2)
If Xia Yu can swallow the Milk Company, it will be like taking a powerful tonic. However, to truly thrive and develop, he needs a strong foundation.
Xia Yu has long aspired to become the king of real estate in Hong Kong. It would be even better if he could become the "Xia Half-City" of Hong Kong.
But in the real estate industry, having land alone is not enough; what matters is having the development capability, which requires a strong construction company.
Currently, the Kowloon Warehouse Group does have a construction department, but it is still too small compared to Xia Yu's ambitions.
Thus, Xia Yu has set his sights on the Jinmen Construction Company, owned by the Yihe Consortium.
Jinmen Construction was founded by a British man named John Jinmen in 1919 in India. The company specializes in construction and civil engineering, covering a wide range of projects including commercial office buildings, residential buildings, shopping malls, streets, bridges, stations, sewers, and more. It is a major contractor for many projects in Hong Kong and the Asia-Pacific region, often referred to as a big player in the industry.
Jinmen Construction went public in Hong Kong in 1970. The Yihe Consortium, having purchased a small portion of shares from minor shareholders in 1969, revealed its intentions when Jinmen Construction went public. With its massive capital, the Yihe Consortium seized the opportunity.
By May 1975, the Yihe Consortium had fully acquired Jinmen Construction, completing its privatization.
With the support of the Yihe Consortium's vast resources, Jinmen Construction has seen rapid development. Today, Jinmen Construction is a renowned construction company in Hong Kong, even surpassing Li Ka-shing's Cheung Kong Infrastructure.
Acquiring such a powerful construction company would undoubtedly provide a significant boost to Xia Yu's real estate empire, acting as a nuclear-powered rocket booster for his dream of becoming a real estate giant.
Having a strong construction company would not only enhance the company's risk resistance but also lower construction costs, making the developed properties and commercial real estate more competitive.
In commercial competition, comprehensive competitiveness is crucial!
Expanding the existing construction department of Kowloon Warehouse Group would be a financial and time-consuming task, and time is particularly valuable for Xia Yu. In these rapidly changing times, falling behind even a step could result in significant costs to catch up, leading to huge losses!
Thus, Xia Yu is determined to acquire Jinmen Construction, ensuring that it doesn't fall into someone else's hands!
Xia Yu estimated that, based on current assets, Jinmen Construction's value is around 180 million HKD, which he has the capital to acquire.
Aside from the Milk Company and Jinmen Construction, Xia Yu also does not want to miss out on Yihe Automotive Group.
Yihe Automotive Group is another representative of the Yihe Consortium in the manufacturing industry, aside from Yihe Machinery Group.
Yihe Automotive Group has three subsidiaries. One of them is Astra International Holdings, the largest car manufacturer in Indonesia, fully controlled by Yihe Automotive Group.
Astra Company partners with Toyota and is one of Toyota's five major dealers in Indonesia. It is a leading player, mainly manufacturing small cars, primarily for the domestic market.
Due to national conditions, Indonesia's total car sales last year only reached 40,000 units, while Astra Company alone produced 10,000 units, accounting for 25%.
Additionally, Yihe Automotive Group has a motorcycle manufacturing company, also the largest in Indonesia.
The full name of this company is Astra Honda Motor Manufacturing Co., Ltd. in Indonesia. As the name suggests, it is a joint venture with Honda, with Yihe Automotive Group holding a 49% stake.
Supported by Honda, both the car and motorcycle manufacturing companies are top-tier in Indonesia.
However, Indonesia is still very poor, and even motorcycles are considered luxury items. Although Indonesia has a large population, most people cannot afford them, so annual motorcycle sales are not high.
But as long as these two companies maintain their positions, once Indonesia becomes more affluent, purchasing power will surge, showing substantial potential.
In addition to these two manufacturing companies, Yihe Automotive Group also has a robust sales network: Renfu Motors Ltd.
Renfu Motors Ltd. was acquired by Yihe Automotive Group in 1973. The company originated in Hong Kong in 1950 and has developed for 28 years.
Renfu Motors Ltd. sells cars, and after being integrated into the Yihe Consortium, it has grown rapidly. It is now the second-largest car sales and service provider in Hong Kong, only behind the Wang family's car sales company.
Renfu Motors has three car dealerships and three service centers in Hong Kong, one car dealership and one service center in Macau, one car dealership and service center each in North and South Taiwan, and three car dealerships and service centers in Southeast Asia.
In total, there are 9 car dealerships, 9 service centers, and 1 large showroom.
Yihe Automotive Group possesses both manufacturing plants and a vast sales and after-sales network, accumulated over decades.
Xia Yu is determined to enter the automotive industry, whether for profit, dreams, or future entry into the mainland market. He must enter the automotive industry.
However, the barriers to entry in the automotive industry are extremely high. Xia Yu's current capital is still insufficient. If he were to recklessly enter and compete with automotive giants, he would face numerous challenges.
Therefore, acquiring a smaller player like Yihe Automotive Group, which partners with Toyota, is very suitable. It is not too large and provides access to some of Toyota's technology.
Additionally, it has an established sales and after-sales network, with strong risk resistance, making it ideal for beginners.
Xia Yu plans to seize this excellent opportunity to acquire it. Even if he doesn't have substantial funds for development in the short term, he can let it sit until he has the capital for a significant investment.
If he misses the opportunity to acquire it during the collapse of the Yihe Consortium, there might not be another chance.
Xia Yu calculated that the hidden value and potential of the Milk Company are significant, but since it has not yet been realized, he can acquire it at a relatively low price.
Even at a low price, it would still cost around 300 million HKD.
Jinmen Construction's total value is around 180 million HKD.
Yihe Automotive Group's total value is around 400 million HKD.
To fully acquire these three companies, it would require around 900 million HKD.
Currently, Galaxy Fund's liquid assets are just over 700 million HKD. Adding the own liquid funds of Jiuding Securities Company would barely exceed 900 million HKD, which is just enough.
However, spending this money would put him in a difficult position!
Acquiring so many companies will require investment to reorganize and develop them.
Guangan Bank is about to undergo reform and expansion, Li TV needs substantial funds for restructuring, and don't forget about Yihe Insurance Consulting Group and Kowloon Warehouse Group.
If he acquires these three companies, he will also need to invest in development funds, adding up to significant expenses.
If funds run dry, Jiuding Securities and Galaxy Fund will not be able to generate more money, and other companies will struggle to develop.
Without money, he will lack the confidence to target Hutchison Whampoa and execute plans to devour it.
Therefore, Xia Yu immediately ruled out using his own money for acquiring these three companies.
Given his strong capabilities but low borrowing, it is time to use other people's money to develop his business!
"It's time to find Shen Bi! To acquire these three companies, I really need HSBC's help.
Actually, it's me helping HSBC. They hold a significant amount of shares in Yihe Holdings and Yihe Group. With the Keswick family continuously selling off shares, the value of Yihe Holdings and Yihe Group is shrinking. Shen Bi will definitely be overwhelmed. I'll go and lend him a helping hand!"
Xia Yu thought with a smirk, then made a phone call to confirm Shen Bi was at HSBC, and set off with his team!
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