"The 90 million shares entrusted by the Hong Kong and Shanghai Bank will be transferred to the Zhong Yu Corporation. The Zhong Yu Corporation now holds 30% of the shares and is already the largest shareholder of Hehuang. The Hong Kong and Shanghai Bank is proposing that Mr. Qin Yu be the new chairman of the board of directors of Hehuang!”
After hearing this news, the management of He Huang was shocked. The outside world was rumored that Li Jiacheng wanted to acquire He Huang. Why was Shen Bi standing up for Qin Yu now?
Seeing everyone's surprised reaction, Qin Yu smiled and introduced,"
"Everyone, I am Qin Yu, the person in charge of the Zhongyu Financial Group. In the future, the various industries of Hehuang will still be managed by the board of directors. The Zhongyu Financial Group will only hold the majority of the shares.”
After Qin Yu finished speaking, he looked around the audience. At this time, a foreigner took the lead to applaud, and the other executives nodded and applauded.
There was no objection on the board of directors, and the Zhongyu Financial Group's ownership of Hehuang was a foregone conclusion.
Qin Yu took control of Hehuang because he had his eyes on the land under Hehuang and the pier at the Tsing Yi Port. As a powerful foreign firm, Hehuang had purchased a lot of land in Central.
In the future, Li Jiacheng's Changshi Building would stand in the center of Central. It would be one of the three major landmark buildings in Xiangjiang City along with the Hong Kong Bank and the Bank of China International.
If he hadn't acquired Hehuang in 1979, Li Jiacheng wouldn't have been qualified to build the headquarters of Changshi in the Central District. After all, every inch of land there was worth an inch of gold!
On the board of directors, Shen Bi pulled Qin Yu to introduce him to everyone. When it was the turn of the foreigner who took the lead to applaud, he even deliberately paused for a moment.
"Wei Li, let me introduce you. This is Qin Sheng. From now on, he will be your immediate superior."
"Qin Sheng, this is the CEO of He Huang, Wei Li. He has been managing He Huang for the past few years.”
After a brief introduction, Qin Yu finally got to know the so-called " company doctor," President Wei Li.
At this time, Shen Bi continued,"
"Various problems started to appear in Hehuang in the 1960s. Qi Dezun's family specially invited Wei Li, a professional manager, to manage Hehuang. It can be said that Hehuang's survival until now is all thanks to Wei Li.”
Now, Qin Yu naturally wanted to keep the other party. After all, if he were to manage such a big company, he would be exhausted.
"President Wei Li, the Zhongyu Financial Group only controls the shares of Hughuang. It still depends on you to manage the company. I hope you can stay in Hughuang.”
After being praised by Shen Bi just now, Wei Li was still a little embarrassed in front of Qin Yu.
"Qin Sheng, thank you for asking me to stay. However, I still have a lot of responsibility for falling into this state with Huang…"
According to the stock price, Hughuang's market value exceeded 6 billion Hong Kong dollars.
It was one of the companies with the highest market value in Xiangjiang City, and all of its businesses were monopolized by the British.
Logically speaking, as long as he didn't make profits blindly, there was absolutely no problem. Now that he had fallen to this point, it was a little awkward.
Wei Li was indeed ashamed, but Qin Yu didn't do anything to him.
"Wei Li, Hehuang's decline began with Qi Dezun's family's blind investment and expansion, draining Hehuang's blood. This is a big problem with the development direction, and it has nothing to do with you, the manager.”
" However, the Zhongyu Financial Group has decided to change the direction of development. First, they will develop real estate and develop all the land of Huangpu Dock into real estate for sale. This is the most important source of cash flow.”
" Secondly, we can use Green Island Clay Corporation's influence to develop the infrastructure industry. It's best if we can contract the construction project of the No. 8 and No. 9 docks of the Tsing Yi Port and monopolize the infrastructure industry of the entire Xiangjiang City.”
"The third is the retail supermarket and property management. Let the Parknshop supermarket open all over Xiangjiang and even enter the mainland!”
Qin Yu's three-step plan for He Huang was similar to what Li Jiacheng would do in the future.
Hehuang had been incurring losses for many years, and their primary task was to make profits. Xiangjiang's property market happened to be a cash cow.
Whampoa Dock had been abandoned for so long. He might as well use it to develop real estate. If he used all the pre-sales and pre-sale units, wouldn't he have more cash flow?
Green Island Sludge was used to monopolize the infrastructure.
At this time, Xiangjiang's Tsing Yi Port was the port with the largest cargo handling capacity in the world, but it only had seven docks. The Xiangjiang government had decided to develop the remaining two docks.
Qin Yu monopolized the raw materials of Xiangjiang River's sand, so the Hong Kong government could only contract the construction of the wharf to Green Island Clay.
He Huang already owned three docks in the port. If he added the two docks he would contract later, he would have control over five of the nine docks in the port.
At that time, he would have the final say in the cargo trade of the entire Xiangjiang City. In the future, even Li Jiacheng would not be so awesome.
Sitting on the pier and collecting rent was a profitable business!
In addition to land and infrastructure, Hughuang also owned businesses such as Parknshop Supermarket and Watsons. Qin Yu was preparing to spread his retail business all over Xiangjiang.
If Xiangjiang citizens were allowed to buy real estate, shop in supermarkets, and take care of everything, they would never leave Hehuang.
"Qin Sheng, is this your three-step plan? I have to admit that you are more familiar with He Huang than I am. I'm really ashamed…"
It would have been better if Qin Yu hadn't said anything, but Wei Li felt even more embarrassed after Qin Yu told him his plan.
He had been in He Huang for so many years, but he had never thought of how to develop his business.
Now, Qin Yu's words made Wei Li feel as if the clouds had been lifted and the sun had appeared.
Shen Bi, who was listening at the side, was also extremely shocked. It seemed that this kid was really something. In just a few words, he had clearly explained He Huang's development plan.
"Qin Sheng, I didn't expect you to have such a deep understanding of Hehuang. You've basically planned out Hehuang's future with real estate, infrastructure, and retail properties.”
"It was right for the Hong Kong and Shanghai Bank to sell 90 million shares to the Zhong Yu Corporation. You are the most suitable candidate to take over the company!”
Shen Bi was relieved now. Qin Yu had the ability to bring He Huang out of the predicament and return to the stage of rapid development.
This book is provided by FunNovel Novel Book | Fan Fiction Novel [Beautiful Free Novel Book]