章節 731: Chapter 731: 520 million US dollars in sales
After reading the investigation report, Xia Yu pondered for a long time and finally made up his mind.
In the instant noodles and food sector, he still plans to directly acquire Yongnan Food Co., Ltd. It will take time and effort to build a new company on your own, not only will you need to build a factory building, but also recruit and train new staff, and purchase equipment, etc.
Now that these initial troubles can be solved with money, of course the choice is to spend money, and the time saved can earn more money.
As for the beverage market, it is difficult to enter the carbonated beverage market for the time being, but it is possible to start with other aspects.
For example, milk, fruit juice, and tea drinks.
In the field of milk and dairy products, Xia Yu happens to have a big brand at this time, occupying one-third of the market for Xiangjiang fresh milk, which is the Milk Company.
Yes, the glass bottles of fresh milk are printed with the 'Milk Company' logo, which is really old-fashioned.
Unfortunately, the product is fresh milk, with a shelf life of just a few days.
But with the Milk Company, there is a complete foundation for building a dairy brand.
As for fruit juice and tea drinks, there are also a mix of brands in Hong Kong. Not to mention packaged products, just take ready-to-drink products. There are herbal tea shops on every street corner in Hong Kong, where you can just pay and drink a bowl. There are also a lot of coffee shops and milk tea shops.
However, there is one packaging company that stands out, and that is Vitasoy.
Vitasoy was originally a soya milk beverage brand, and the founders wanted to provide Hong Kong families with an inexpensive, protein-rich drink as an alternative to more expensive milk.
Today, Vitasoy has a monopoly on the Hong Kong soya milk market, and glass-bottled Vitasoy soya milk is sold in major restaurants and convenience stores.
In addition, last year and this year, Vitasoy has once again broken new ground and launched Vitasoy-branded juices, lemon tea and chrysanthemum tea, among other drinks, which have received positive market feedback.
When Xia Yu and others went north at the beginning of the summer, Vitasoy's chairman, Luo Guixiang, was also in the group, and he invested more than 22 million Hong Kong dollars in the development of Guangming Farm in Pengcheng for raising dairy cows, preparing to enter the dairy market.
Fok Kin-ning's opinion was also to directly acquire this company, except that it would be more difficult to acquire.
Xia Yu knew full well that it would be difficult to acquire the company, even without being reminded by Fok Kin-ning. Although Vitasoy was founded by five people, over the years, Luo Guixiang had gradually acquired the company's shares, and was now the largest shareholder and chairman.
As far as Xia Yu knew, Vitasoy had been listed on the Hong Kong Stock Exchange the previous year, and was known as the 'Hong Kong stock market's little Moutai'. Its annual revenue was more than 7 billion yuan, and its market value had reached more than 40 billion Hong Kong dollars.
At this time, according to the research conducted by the Economic Research Office, Vitasoy had assets of about 200 million Hong Kong dollars, but liabilities of 140 million Hong Kong dollars, with a net asset value of about 60 million Hong Kong dollars.
This 60 million Hong Kong dollar net asset value was mainly concentrated in the factory buildings, machinery, pastures and workers.
Generally speaking, the market value of a listed company in the industrial sector is about twice its net asset value, so if Vitasoy were to go public at this time, its market value would be about 120 million Hong Kong dollars.
Not to mention that Vitasoy was not listed at the time, so if it really wanted to acquire it, the most it could afford would be 100 million Hong Kong dollars.
If a new company was to be built from scratch and developed to this point, it would be impossible to achieve without 200 million Hong Kong dollars, and it would also take a lot of time.
Being able to acquire it would definitely be good value for money, and it would also eliminate a formidable competitor.
There was no need to hesitate, go for it!
It's just money! There's plenty of it!
'Okay, I understand. I will let Wang Qi handle the acquisition.'
Xia Yu put down the investigation report and said to Huo Jianning.
Under the Jiuding consortium, Wang Qi is undoubtedly the best at mergers and acquisitions.
'Understood!'
After dealing with this matter, Xia Yu asked with concern, 'By the way, how is the business of Tiangong Electronics? Have the $200 million orders from the previous trade fair been delivered?'
When it comes to the company he manages, Huo Jianning can't help but smile on his face.
'Chairman, they have all been delivered, but the company is still full of orders. According to market feedback, our five games are so popular that other game companies are completely unable to compete, and even the sales of the original top game, Space Invaders, have plummeted.'
'So far, the company has received a total of 520 million US dollars in orders for a total of 215,000 units of the five arcade games, and has already delivered 170,000 units.'
At this point, in order to reflect the merits of the achievement, Huo Jianning paused for a moment and added, 'Last year, the island country Taitung's annual sales were 1.8 billion US dollars, and now our company's sales in two months are about half of that.'
Xia Yu smiled and said with satisfaction, 'Not bad!'
'These games can continue to develop new levels, which is enough for the company to live off for a few years, but during these few years, the company must work hard on research and development.'
Fok Kin-ning nodded and said, 'I understand. We have already cooperated with universities, but the current situation in Hong Kong is that there is a serious shortage of talent in the field of electronic technology. Therefore, in terms of research and development, we now mainly rely on Sega, while the parent company is urgently training talent.'
It's the talent problem again!
Xia Yu couldn't help but frown, feeling helpless about the level of education and scientific research in Hong Kong.
His business strength has reached the top of Hong Kong, and there is no shortage of funds. Instead, he is constrained by talent, which has seriously slowed the pace of his career development.
His Jiuding Group will definitely be involved in various industries, and Hong Kong is his foundation. At the very least, there should be a large number of locally-raised talent, but under the current conditions, this is simply not realistic.
He can either choose to use foreigners for most of the talent, or he can only train them himself.
If the majority of the Jiuding Group is made up of foreigners, it will definitely be an extremely unstable factor.
Although there are many talented people on the mainland, people's mindsets have not yet changed, and it is difficult to attract talent to Hong Kong.
Moreover, because there is so little contact with the world, there is serious lagging in all aspects, and the trained talents may not be able to connect with all walks of life in the world.
After thinking about it, he still has to build his own university.
It is not realistic to expect the Hong Kong University and the Chinese University of Hong Kong, and it will take another six or seven years for the Hong Kong University of Science and Technology to appear, and it will not be built until the 1990s. By then, it will be too late.
Although he had decided to build a comprehensive university, Xia Yu did not intend to tell Fok Kin-ning about it now. Such a comprehensive university was not like the Spring and Autumn Traditional Chinese Medicine School and the Xiangjiang Culture and Media School. After all, Xia Yu did not have many resources to spend.
He had to discuss it with someone.
'Implement it according to your ideas!'
'Understood!'
After sending Fok Kin-ning away,
Xia Yu instructed someone to notify his think tank to hold a meeting tomorrow to discuss the issue in detail.
Early the next morning,
All the researchers from the Political Research Institute, Business Research Institute, and Social Research Institute of the Jiuding Think Tank gathered in the large conference room of the Jiuding Building.
Looking around, many of them were elderly people, some of them even had grey hair.
These people were all top scientific research talents in Xiangjiang, many of them were professors at Xiangjiang Chinese University and Xiangjiang University, and even professors at some universities in Southeast Asia.
For example, Lin Shanyuan and Xu Zhixue, who were originally from the Jiuding Economic Research Office, are professors at HKU and CUHK, and are now also core members of the Jiuding Think Tank Business Research Institute.
In addition, there are also some well-known social observers and commentators. Some of these people were originally scholars from the mainland, but did not teach at the two universities.
However, their abilities are beyond doubt.
The treatment at Jiuding Think Tank is extremely high, so the threshold for entry is also incredibly high. After going through multiple layers of screening, those who can enter are all people of substance, and there is absolutely no question of people just filling a seat.
Xia Yu also has great respect for these people.
After entering, he proposed the establishment of a comprehensive private university, and those present immediately engaged in a heated discussion.
Combining the actual situation and future needs of the Jiuding Group with the current situation of society, they conducted an in-depth discussion on the necessity, possibility, feasibility and difficulties of establishing a private university.
Xia Yu remained silent, quietly listening on the sidelines.
They say that two heads are better than one, let alone such a large group of top-notch smart people.
The result came out in one day.
For the future of the Jiuding Group and for the benefit of Xiangjiang, it is extremely necessary to establish a new university.
There were hundreds of positive influences listed.
In addition, a framework for the operational plan to establish the university was also worked out.
In this situation, Xia Yu had nothing more to say, and immediately approved the establishment of a private university, which would be called Jiuding University.
After the decision was made, many people present were very excited and expressed their willingness to contribute.
These people were all university professors, and they knew the structure of a university very well. They also had a lot of connections, so there would definitely be no shortage of teachers at Jiuding University.
In Xia Yu's heart, the goal of Jiuding University was to develop into a private university like Harvard University, the University of Pennsylvania, Yale University, Princeton University, the Massachusetts Institute of Technology, and Columbia University. (These universities are all private!)
After putting the think tank in charge, Xia Yu went to see Murray MacLehose that night and proposed to him the idea of building the university.
MacLehose did not agree on the spot, but he was still positive about Xia Yu's idea of independently funding the improvement of the educational environment in Xiangjiang.
Xia Yu was not worried about MacLehose's refusal.
Improving the educational environment of Hong Kong had always been MacLehose's governing policy, but due to financial constraints, many of his policies could not be implemented.
A few days later, MacLehose held a meeting in the Hong Kong government to discuss the matter. No one was willing to oppose such a public welfare undertaking. Offending Xia Yu would be one thing, but if the news got out, it would offend the entire Hong Kong public.
The government gave Xia Yu the qualification to run the school, and the Hong Kong government provided the school site free of charge.
When the news spread, everyone in Hong Kong cheered.
There were indeed too few universities in Hong Kong. After graduating from high school, many people wanted to go to university but couldn't, and could only become apprentices or work directly. Now there was an extra university, which was good news for everyone.
Xia Yu's reputation instantly improved by several notches.
Ten days later, the Jiuding Think Tank came up with a complete plan for running the university, and Xia Yu took this plan to negotiate with the Hong Kong government.
It was finally decided that the Hong Kong government would provide 60 hectares of land in Clear Water Bay, Kowloon, which is equivalent to 600,000 square metres, to support Xia Yu in establishing Jiuding University.
This plot of land is precisely the location of the future Hong Kong University of Science and Technology.
In order to restrict Xia Yu from profiteering, the Hong Kong government stipulated that the 60 hectares of land belonged to educational land and could only be used for school construction. Any commercial development or transfer was prohibited. If Xia Yu violated the rules, the Hong Kong government had the right to unconditionally reclaim the land.
Xia Yu readily agreed to this requirement. This area was too small to build a school, so how would he use it for real estate development?
In the future, he will definitely have to find a way to get more land from the Hong Kong government for the university's expansion.
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