Even though Wei Li was a foreigner, he was a professional manager and had been in charge of Hehuang for nearly ten years.
It could be said that a large part of the success of He Huang was done by Wei Li.
This person was very professional and was known as the company's doctor. This was also the reason why after He Huang was abolished in 1975, the Hong Kong and Shanghai Bank invited him back.
However, it was difficult for divine powers to defeat fate. No matter how high Wei Li's level was, he could not predict the general trend. It was still difficult for He Huang to come back from the dead these few years.
However, in reality, Hehuang was still the company with the highest market value in Hong Kong.
When Bao Zeyang took over, He Huang's market value was around 6.2 billion. Now, He Huang's market value had exceeded 7 billion.
Part of the reason for this was because Bao Zeyang continued to buy shares in the stock market. Now, Bao Zeyang's shares had exceeded 30%.
On the other hand, it was because the Hong Kong stockholders were optimistic about the Bao family. The world's shipping king family took over Huchison Whampoa, and the shipping king secretly helped promote his son's genius name.
Hong Kong's stockholders now had a very strong recognition of Wharf and Hutton Whampoa. The stock market was very active, constantly increasing Hutton's market value.
This was also one of the reasons why Wei Li was willing to stay.
As a professional manager, the strength of a major shareholder was very important. This was because a strong major shareholder could suppress the opposition of minority shareholders, while a weak major shareholder would only cause the entire company's decision-making to fall into a dispute.
Therefore, even though the bank had invited Wei Li, Wei Li was unable to save Hehuang. Part of the reason was that the bank could not participate in the operation and did not have the authority to balance the other shareholders. Therefore, Wei Li had to balance the interests of many shareholders, and many decisions could not be implemented.
And the ship king Bao family, Sir Bao, was like a stabilizing needle that could completely suppress the objections of those small shareholders.
"I've looked at the mainstream businesses under the company. They're too scattered. Basically, they're involved in all kinds of industries. For us, this isn't suitable. Every company has to ask for money from the head office, but we can't afford it!”
After Bao Zeyang sat down, he didn't bother with the small talk and directly said to Wei Li.
Wei Li nodded." Yes, I once thought of downsizing the business, but it was very difficult. There were too many voices of opposition!”
"Now that I'm here, I'll fully support you on the board of directors!”
Bao Zeyang said to Wei Li seriously.
Hearing Bao Zeyang's words, Wei Li was inexplicably touched. Although he knew that Bao Zeyang was trying to win over the hearts of the people, he still liked these kinds of words.
"Also, I'll appoint someone to the board of directors, but this person will only be an executive director. The position of chairman of the board of directors will still be yours to take full control of Hehuang!”
Bao Zeyang dropped another bomb on Wei Li. After Wei Li heard this, he was even more surprised.
"Cesare, aren't you going to be the chairman of the board?”
Wei Li asked hesitantly.
"I told you, I believe in your ability. Besides, I don't want to be like an old man sitting in the office every day, waiting for documents to be signed!”
"Wei Li, you have to know that I'm only 20 years old. I'm still young.”
Bao Zeyang smiled and told Wei Li a British joke.
Wei Li laughed in agreement, then asked curiously,""Then the bag of knights, he…"
"Wei Li, remember this. His company is Wharf. He Huang is our company.”
Bao Zeyang said with a smile. Wei Li immediately understood and became even more excited.
In other words, they could borrow the reputation of Sir Bao, but in reality, Sir Bao would not interfere in any of the company's operations.
Thinking of this, Wei Li felt even more motivated.
"However, Wei Li, we have to cut off some industries!”
Bao Zeyang revealed his plan. Although he was a major shareholder, the company's things could not be sold just like that.
Otherwise, it would not be a good thing for Wei Li to bring a group of employees to go against him!
"Yes, we have to cut off some of our businesses, such as the retail department stores. Their profits are too low, and the electronics business. The television market in the US is already saturated!”
Wei Li nodded in agreement, while Bao Zeyang shook his head.
"No, Wei Li, I think the opposite of you. I think we must keep the retail department store and electronics business.”
Bao Zeyang looked at Wei Li and said seriously,""What we want to cut off is shipping, container ports!”
Stopping Wei Li from defending himself, Bao Zeyang continued,""I know you want to say that shipping is very profitable at the moment, but don't forget what our family is doing. The global shipping capacity is already excessive, and in the shipyards all over the world, there are still a large number of ship orders. In the future, there will only be more and more ships sailing on the ocean!”
"Alright, even if you say that there will be many ships, what about the dock? Cesare, there are only six berths in Hong Kong's wharf at the moment. We have two. You should know very well what this means.”
Wei Li argued.
Bao Zeyang looked at him calmly.""There are three Wharf warehouses. In terms of cargo, we don't lack berths!”
"From a money-making perspective, the most valuable thing about Hughuang is the dock berth. We need to sell it for money to get the company running again!”
"Most importantly, the Hong Kong government and the Hong Kong Bank do not want to see the Bao family holding five berths. That will make them feel insecure!”
"Moreover, as far as I know, the Hong Kong government has already intended to continue building new berths. From the current sixth position to the south, all the way to Qingyi Island, this piece of land can be used to build berths!”
"There are a lot of two now, but in the future, it will only be so!”
"I've already thought about it. Of our two docks, one will be sold to Wharf, and the other can be bought by a big buyer!”
Wei Li didn't say anything. He looked at Bao Zeyang calmly and asked in a deep voice,""What industry do you want to work in next?”
"Real estate. Nowadays, there are more and more people in Hong Kong, but the land area is limited, so we need a large number of residential buildings. We have land, and real estate is our primary industry!”
"Secondly, it's the retail store that I'm talking about. Wei Li, have you heard of a 24-hour convenience store?”
“what？”
Currently, there was no such 24-hour convenience store chain in Hong Kong. In fact, in the entire world, only Japan had just introduced this model!
"Let's do this!"
Bao Zeyang explained the advantages and disadvantages of the 24-hour convenience store to Wei Li, and Wei Li immediately grasped the business logic behind it.
Nowadays, Hong Kong was dominated by large supermarkets and department stores. There were very few 24-hour convenience stores.
And that small private store, their product range was not as good as this convenience store.
The most important thing was that Huangzhou now had a ready-made global supply chain.
This book is provided by FunNovel Novel Book | Fan Fiction Novel [Beautiful Free Novel Book]