novelraw Chapter 206 Funding gap
Chapter 206 Funding gap
Chapter 206 Funding gap
"Yanan, I'm with your sister, come quickly, help the world!"
Jiang Dedao got up early in the morning and was very hungry. Joyce was still in a coma and couldn't wake up. He was so used to the girls that he no longer wanted to cook by himself, so he called Yanan.
Yanan slept at her parents' house last night. When she received the call, she quickly came to Joyce's house with the breakfast she had bought earlier.
The two sat around and ate breakfast together. As the owner of the fishery, Yanan had developed the habit of reading newspapers in the morning.
When I opened the newspaper and saw the headlines, I exclaimed: "Good guy, Wheelock & Co. has been fully acquired! Who is so rich!?"
Jiang Dedao smiled triumphantly: "Of course your husband is me!"
"Well, my husband is really amazing! One of the four major foreign companies bought it like this!"
Yanan kissed Jiang Dedao excitedly, and continued to ask, "Honey, who do you plan to hand over to manage?!"
"I wanted to hand it over to your eldest sister, Joyce, but Joyce only wants to work in the health care center, not Wheelock!"
"Thanks to my eldest sister who still has some self-knowledge. It's not that I said that my eldest sister is not good. Her love is simply pathological. I don't feel comfortable if I don't donate for a day. If Wheelock & Co., Ltd. is in her hands, it will take a few years to donate all of them." out!"
"Well, what you said makes sense, and I agree! So I won't hand over Wheelock to your sister!"
"An'an will be released from prison in half a year, how about letting her manage it?!"
"This... is definitely a suitable candidate, but we can't decide now, let's talk about it in half a year!"
Jiang Dedao still wants to give back to Joyce. Now that Yanan proposes An An, it is not good to make a blind decision. You must find a balance!
Seeing that Jiang Dedao didn't object, Yanan was already very satisfied.
Immediately stopped talking, and continued to eat breakfast with Jiang Dedao.
After breakfast, Jiang Dedao drove to the headquarters of Wheelock & Co.
Wheelock & Co. is one of the four major foreign firms in Hong Kong. Not only is it very famous in this world, but it has also appeared in countless rebirth novels in the modern world.
Jiang Dedao had read these novels, and had imagined that if he was reborn, he would definitely buy Wheelock & Co., proud of the Chinese!
Now that he accidentally got Wheelock & Co., Jiang Dedao was full of pride, so he naturally wanted to visit the headquarters.
Wu Guangzheng knew that Jiang Dedao was coming, so he brought a group of high-level officials to welcome him at the gate of the headquarters building.
When the two sides met, Jiang Dedao found that there were many ghosts among these high-level executives, so he shook hands with them specially, patted their shoulders and encouraged them, which immediately flattered the ghosts!
At Wu Guangzheng's suggestion, everyone came to the small conference room on the top floor of the headquarters building together.
Wu Guang is beginning to report to Jiang Tedao the past, present and future of Wheelock & Co.: Wheelock is a well-known old British-owned foreign firm in Hong Kong, and its subsidiary Lane Crawford has taken root in Hong Kong as early as 1868.By the 60s, Wheelock had developed into one of the largest conglomerates in Heung Kong, with more than 200 affiliated and associated companies operating in real estate, shipping, retail, manufacturing and trade. The scope of investment ranged from The Far East extends to Southeast Asia and Australia.
However, after the early 70s, Wheelock's business slowed down significantly, and its development momentum was far inferior to that of Jardine, Hutchison and Swire, known as the "Blue Lantern".
In 1961, Wheelock reorganized its listed company Heung Kong Hemp Cable Co., Ltd. and renamed it Heung Kong Real Estate Trust Co., Ltd. as the flag ship for the development of the real estate business of the group. In 1971, the real estate trust acquired the Chinese businessman Zhang Yuliang by issuing new shares and exchanging shares. The family's Federal Real Estate Co., Ltd., which owns two high-end commercial buildings in the Central District: International Building and Federal Building, the Zhang family has become a major shareholder of Wheelock. In 1972, Real Estate Trust established Harriman Development Co., Ltd. to develop residential buildings in Hong Kong and Kowloon districts.
In 1974, the Real Estate Trust exchanged the Wan Crawford Building in the Central District for the Jardine Building (later renamed Wheelock Building) and Pedder Building (later renamed Marden Building) opposite Pedder Street, and built it on Queen's Road Central Lane Crawford's new headquarters building.By the mid-70s, Wheelock had owned many high-end commercial buildings in the Central District of Hong Kong Island, and became one of the major real estate groups in Hong Kong.
In terms of retail department stores, in 1968, Wheelock acquired the long-established Lane Crawford Co., Ltd., and then through Lane Crawford, it annexed Dah Sing Department Store and Chunghwa Department Store among the four major Chinese department stores. Established Lane Crawford Antiques Co., Ltd., a wholly-owned subsidiary, and Cuiyuan Co., Ltd., which accounted for 60% of the shares.
In the 70s, Lane Crawford's business developed rapidly. In addition to high-end consumer goods, Lane Crawford also expanded its interior design business, selling antiques, jewelry and cosmetics, and became one of the largest retail department store groups in Hong Kong.
In 1973, the conglomerate merged its fleets into "Bao Fu Development" and listed in Xiangjiang.By 1976, according to the former major shareholder Marden, the shipping companies under Wheelock, including Wheelock Shipping, Global Wheelock, United Enterprises and Baofu Development, etc., had a total of nearly 30 ships with a load capacity exceeding 140 million tons, 80% of which were newly built after 1971.
However, the Middle East oil crisis that broke out in 1973 and the subsequent global economic recession severely hit Wheelock's financial capital chain, which also became the fuse for Wheelock's troubles.
Today, ten years later, Wheelock can only go on the road of selling and selling. Fortunately, our big boss has appeared and spent 150 billion to acquire all the shares of Wheelock, and all listed companies have been privatized and delisted.
Now Wheelock & Company has liabilities of 70 billion, assets of 180 billion, and a total of 216 branches. It is in urgent need of [-] billion in funds to revitalize Wheelock!
Jiang Dedao frowned when he heard this. He had never encountered a situation where he had to invest money in it to get a reward. The first time he encountered it was an investment of three billion yuan.What's even more embarrassing is that he still can't get the money out for the time being.
He listened to Wu Guangzheng's continuation calmly, and was not in a hurry to express his opinion.
Seeing that Jiang Dedao looked normal, Wu Guangzheng continued: "I also contacted HSBC, Standard Chartered, and Bank of China. They will provide 9 million each, a total of 27 billion to help Wheelock tide over the difficulties! The current funding gap is only 216 million. My suggestion is to select some unimportant or loss-making companies from the [-] branches and sell them all to make up for the funding gap! Boss, do you agree with my suggestion?!"
Jiang Dedao flipped through the information of the branch companies in front of him. Some companies were circled by Wu Guangzheng, and they probably planned to sell them.
He looked at the other senior executives and asked, "What's your opinion on President Wu's suggestion?!"
Other high-level officials spoke one after another, some in favor and some strongly opposed.
Jiang Dedao secretly observed and found that most of the people who agreed were ghosts, which made him secretly vigilant. Ghosts must have different intentions if they work for him!
"President Wu's suggestion is still very practical, but I have just acquired a wholly-owned subsidiary, and selling the branch may make people laugh. How about this, I will make up for the [-] million shortfall in private!"
Jiang Dedao took out the check book while talking.
(End of this chapter)