"Xu Sheng, let me tell you straight, I want Lane Crawford and Sullivan Real Estate!" Bao Yugang said calmly.

"Sullivan Real Estate is okay, but I don't agree with Lane Crawford." Xu Zhi replied.

Bao Yugang smiled and asked: "Xu Sheng, your Watsons has almost monopolized half of the retail industry in Xiangjiang. Do you still care about Lane Crawford?"

"Since Bao Sheng knows that this is a monopoly, the bigger the scale, the better." Xu Zhi shook his head and said.

Charlie Man Real Estate is a real estate company specializing in residential development under Wheelock. It owns several residential projects under construction and several undeveloped pieces of land. In the eyes of ordinary real estate developers, it is still very valuable, but now

Xu Zhi owns 5 square kilometers of land in Tin Shui Wai, nearly 300,000 square meters of land in Hung Hom, and more than 20 properties in Central and Kowloon. With this area of ​​​​Halliman Real Estate, it does not matter whether it has or not.

But Lane Crawford is different. Lane Crawford is a famous department store in Hong Kong. Its main sales products are cosmetics, jewelry, home furnishings, high-end clothing, etc. It has more than a dozen branches located in prime locations such as Central. It can be said to be a department store.

Luxury stores in stores, therefore, do not compete with Watsons' small retail stores and medium and large supermarket chains, but they can make up for Watsons' shortcomings in the high-end field.

The land and properties of real estate companies can be purchased directly with money. Even the Central Building can be purchased at the right time. However, it is not so easy to build a high-end brand supermarket. It requires a lot of time and accumulation. Therefore, Sullivan Real Estate

Even if the value is higher than Lane Crawford, Xu Zhi will only choose Lane Crawford.

Xu Zhi then asked: "Sheng Bao, why do you want Lane Crawford? Although Lane Crawford has some reputation in Hong Kong, its annual business is only a little over 100 million Hong Kong dollars. This number should not catch your eye.

Bar?"

Bao Yugang shook his head and said with a smile: "Xu Sheng, you also know that I am not young. My current investments are mainly based on stability, rather than room for profit return. Although Lane Crawford is not large in scale, it has a monopoly on Xiangjiang."

In the high-end department store market, even the large-scale price war launched by your Watsons some time ago could not affect Lane Crawford, so this kind of enterprise is what I need most."

Xu Zhi was silent for half a minute and said: "Sheng Bao, I understand your idea, but Watsons has long had plans to enter the high-end field, and if Lane Crawford comes into my hands, I will invest a lot of resources.

Bring it out to all parts of the world, so I have to get my hands on it."

"Hahaha, if that's the case, I won't take advantage of you." Bao Yugang said with a smile.

Xu Zhi nodded and said: "If Mr. Bao really wants to find a stable investment, the real estate in Xiangjiang is actually the most suitable. At present, the future of Xiangjiang has been determined, and the real estate industry will soon grow explosively. Whether it is buying land now

Whether it’s property rent collection, it’s a business that can make a profit without losing any money.”

"I can also see this. Wharf actually owns a lot of properties and land, but I also want to try other industries." Bao Yugang said.

"Other industries?" Xu Zhi thought for a while and said, "If Mr. Bao is interested in the electronics industry, you can give it a try. In recent years, some businesses under Midea Group have been in a stage of rapid expansion, and the demand for suppliers is increasing.

The more, Bao Sheng can invest in a professional electronics factory. As long as there are no quality problems, there is absolutely no need to worry about orders."

"Electronics industry?" Bao Yugang was stunned for a moment and said: "I am indeed unfamiliar with this industry, but I am very envious of Xu Sheng's Midea's influence in the international market over the years. In this way, I will understand it first before making a decision.

."

"No problem, but the faster the better. The electronics industry is different from traditional industries. Technology updates very quickly. If you are late, you may be late for a lifetime." Xu Zhi reminded with a smile.

"Okay, but now let's talk about Wheelock. Besides Lane Crawford, which other business does Xu Sheng value?" Bao Yugang asked.

Xu Zhi took a sip of tea and said, "I want Wheelock Shipping!"

"Wheelock Shipping?" Xu Zhi's answer obviously exceeded Bao Yugang's expectations. He originally thought that the other party would choose a real estate trust, which is mainly engaged in financial business, or a joint enterprise.

The former is also a high-quality financial credit company in Xiangjiang. There are many financial companies of this type in Xiangjiang. Their business is relatively close to banks, but the interest they absorb is higher than that of banks, and the interest on loans is naturally higher. It can be calculated.

It is a private loan shark, but it is also a regular business and has little to do with "black". Sustainable development is the top priority of large companies. Many large companies in Hong Kong rely on their own influence.

They will all enter the field of private finance, and even some banks will participate.

The latter are among the many companies that Wheelock has acquired over the years, some with high-quality assets and good development. These companies were gradually merged based on industry relationships to form the current conglomerate.

Bao Yugang thought for a moment and then asked: "Xu Sheng, are you planning to enter the shipping market?"

"Yes." Xu Zhi admitted generously.

Bao Yugang smiled and said: "Xu Sheng, the current shipping market has been sluggish for several years. Most shipping companies are currently queuing up to send ships for disassembly. Why are you still preparing to enter the shipping market?"

"It's because there are so many people breaking ships now that I want to enter this industry. Others are crazy and I'm crazy. Bao Sheng should also understand the meaning of this sentence, right?" Xu Zhi replied.

Bao Yugang nodded and said: "Xu Sheng has indeed chosen a good time. The global economy is currently on the rise, and a large number of old ships are being demolished. Soon the balance of goods and ships will be restored, and even return to what it was 10 years ago.

stage.

However, two points are very important. The first point is naturally when the ship market will pick up. Before that, ship maintenance is also a huge investment. The second point is when the freight rate will return to the normal development of the industry.

To a certain extent, this time period is usually much later, and before then, there may be orders, but usually they are mainly losses."

"Since Mr. Bao has seen so clearly, why are you still reducing the number of ships now?" Xu Zhi asked. Although the Bao family had already begun to implement the strategic investment transfer of abandoning ships and landing, after all, Bao Yugang was once the world's number one shipping king.

At its peak, the total tonnage was as high as 20 million tons. It is impossible to sell all such ships in a short period of time. Currently, the Bao family has at least nearly 10 million tons of ship tonnage.

"The shipping industry may recover in two years, but I have decided to focus on Hong Kong and develop Wharf well." Bao Yugang explained with a smile that the shipping industry did make money at its peak, but it may not be possible in ten years.

If you encounter it once, in terms of overall income, it is far inferior to Xiangjiang Real Estate, not to mention that the management of real estate is much simpler, especially Wharf, which has a large number of shopping malls. You only need to worry about collecting rents, as long as you don't take out mortgage loans.

, it is difficult to risk losses.

Xu Zhi nodded and said: "So, Mr. Bao has no intention of hiring Wheelock Shipping?"

"No." Bao Yugang explained: "Originally, I thought that Xu Sheng looked down on the shipping industry, so I thought I would take it back first and use Global International's mature maintenance system to reduce operating costs, and then we can slowly do it later.

I slowly planned to take action on all these ships."

"So that's it." Xu Zhi also understood.

Bao Yugang continued: "Xu Sheng, why did you suddenly decide to invest in the shipping industry?"

"It's very simple. Hutchison Whampoa will continue to work in the terminal field in the future. If we have our own shipping company, it will be a win-win situation for both parties." Xu Zhi casually explained that the biggest costs in ship operation are fuel consumption, maintenance and

Berthing costs, and if Hutchison Whampoa builds or acquires international terminals in the future, most of the ship maintenance and berthing costs can be reduced.

Of course, there is another most important point, that is, every ship order of the shipping company can promote the employment of tens of thousands of people in a place, which has extraordinary influence. In the 1970s, Bao Yugang had so many political friends around the world.

Relying on one order after another for 100,000-ton ships, even five permanent countries like Britain and France would send ministerial-level figures to accompany Bao Yugang every time he went there. Sometimes he could also receive interviews from the president and prime minister.

And if he is just a real estate businessman, such as Li Jiacheng now, no matter how well he does in the real estate industry in Xiangjiang, no customs official overseas will take him seriously.

Therefore, investing in some industries that can increase one's own influence is currently the key direction that Xu Zhi is considering. These industries do not need to be extremely profitable. They only need to be able to make their own blood and provide influence. As for money, it is naturally left to

Finance and high technology.

"That's not bad, but it's a pity that we can't replicate it. Only Xu Sheng has the financial resources." Bao Yugang smiled and shook his head.

Xu Zhi said: "Just kidding, Bao Sheng can pack all the remaining joint ventures and real estate trusts back."

"United Enterprises, this is not a good hot potato!" Bao Yugang said with a wry smile and shook his head.

Xu Zhidao: "Sheng Bao, this conglomerate actually has some valuable companies, such as some textile companies, which can be moved to the mainland. And the most valuable thing about the conglomerate is its several industrial office buildings in Yuen Long and some

As an industrial land, Wharf could be well developed."

Bao Yugang laughed and said: "Okay, if Xu Sheng doesn't like this potato, I'll take it. Although it's a bit troublesome, it will still be rewarding."

Xu Zhidao: "Sheng Bao, in this case, I will first arrange for Hutchison Whampoa to buy out your shares at a public takeover price, then privatize it, and then we will spin off Wheelock!"

"Okay, I have no problem. Our team will discuss the specific follow-up price." Bao Yugang agreed.
Chapter completed!