Chapter 32 Too much money, worry about people!(1/2)
Suning has indeed been suppressing the rapidly growing Su Group, because the group's development speed has exceeded its expectations, making Suning feel a little difficult to control.
In order to get rid of this unsafe problem, Suning will no longer develop new businesses in the short term, but will instead cultivate its "internal strength" bit by bit.
However, there is a large amount of funds in the account, and Su Shi Sony continues to gather new wealth every day, which makes Suning feel both painful and happy.
Suning also thought about investing in gold, but the low price of land on Hong Kong Island forced Suning to temporarily give up gold reserves. The price of gold has soared, and it can't compare with real estate.
In my impression, Hong Kong Island’s land prices really started to soar in the 1960s and 1970s, so Suning can still enjoy the last wave of Hong Kong Island’s land dividends.
The British Hong Kong government is not a fool. At this stage, it has not released too much land. More high-quality land resources are controlled by British-funded overseas banks.
So Suning found another way to buy old dilapidated buildings and residential areas, and when the right time came, they could demolish and rebuild them.
Doing business will inevitably encounter financial constraints, but Suning's shady operations directly led to a large amount of wealth lying in the account, which made HSBC and British-owned Ocean Bank jealous. This was also the biggest reason for the British Hong Kong government to have bad intentions.
Even though the British-funded foreign banks usually behaved very arrogantly, when faced with the sudden rise of the Chinese-owned "hands-on" Su Group, they had to put aside their arrogance and come to Su Group to borrow money.
It is absolutely impossible to really borrow money, because Suning doesn't like the interest rates, so let these British-owned foreign banks use their huge high-quality land resources and building assets to conduct transactions.
Although the frequency of such transactions is not very high, it can still surprise Suning. After all, land resources are the most valuable assets, and they are also the cornerstone of Su's real estate's rapid growth in the 1970s and 1980s.
In this way, the Su Group maintained a very complicated and subtle relationship with the proud British-owned foreign companies. The British-owned foreign companies were like addicts, selling off the best land resources little by little.
When the news came out from the Governor of Hong Kong, Robert Brown, that Suning's Su Group was interested in acquiring Hutchison and Wharf Group, it aroused a violent reaction from the British-owned foreign companies. In the end, the Governor of Hong Kong, Robert Brown, gave up the idea of mediating.
As a result, British-owned foreign banks began to be wary of Suning and the Su Group. When they needed funds, they would rather seek loans from HSBC than sell their own foreign banks' assets.
After the news that Suning wanted to acquire a British-funded foreign company was published in the newspapers, even the residents of Hong Kong Island were not optimistic about Suning's behavior and secretly laughed at Suning's overestimation. This was really because the position of the British-funded foreign company in Hong Kong Island was too deeply rooted in the hearts of the people.
.
In desperation, Suning no longer dwelled on the matter, and instead began to acquire shares of Wheelock, Hutchison and Wharf Group in an open and honest manner.
Suning's move to acquire stocks completely caused panic in the British-owned foreign companies, because they used to look down on Chinese capital, which led to their operations being particularly weird.
Just like the stock of the original Wharf, the British-owned foreign companies can control the entire Wharf Group by holding only 5%.
A large amount of funds were transferred by British-owned foreign banks to other assets and investments. This is why Pao Yugang was able to initiate the acquisition of Wharf in the 1970s and 1980s, because the British-owned foreign banks were too arrogant and weak.
Suning's "Wolf Crying" move completely frightened the British banks in Hong Kong Island, and they all increased their stakes in their respective listed companies. This caused the stock prices in Hong Kong Island to rise sharply. It was bound to require a loan from HSBC Bank, or to deal with and give up some
Less important investment projects.
Seeing such a surge in stock prices, Suning was not taken advantage of, so it simply stopped the acquisition and began to wait slowly.
Just like a hunter stalking his prey, Suning had plenty of time and patience, so he chased his target and quietly waited for the prey to weaken.
Suning stopped here, but the British-funded foreign companies were in trouble. In order to resist the Su Group's attack, they gave up too many interests, but in the end they took advantage of the "big banker" HSBC. Suddenly, I felt
Some gains outweigh the losses.
"Mr. Su, your acquisition this time has really enhanced the prestige of us Chinese people!" Bao Yugang looked at Suning in front of him with a smile on his face.
"Brother Bao, I just want to buy stocks normally.
I didn’t expect that these normally aloof foreign companies would be so panicked!”
"Haha, it's obvious!
Yes, they are fat, but they are too weak!
No one can compare to a real fat man like you!"
"Brother Bao, are you praising me or hurting me?"
"Haha, of course I'm complimenting you!
Now in Hong Kong Island, who dares to harm you, Suning!"
"Brother Bao, doesn't he always like to follow his fleet everywhere?
Why do you have time to come to my place today?"
"Haha, aren't you a little tired? I came back to Hong Kong Island to rest for two days!
Fortunately, I returned to Hong Kong Island, otherwise I would have missed such a classic takeover battle!
There’s more!
Mr. Huo would like to invite you to come out and sit with us someday when you have time, and then we Chinese businessmen can get together!"
"Haha, this is so emotional!
That's exactly what I want!
Any day will do, once the time is set, just let me know!"
As for Chinese-funded bosses like Lao Bao and Lao Huo, they have rarely interacted with Suning because of the age gap. In fact, it's more that Suning is used to being lazy and doesn't like restrained banquets.
Suning has always been very clear-headed about these seniors. Although he is running ahead of them, he does not dare to relax at all.
Just like a "tortoise and the hare" game, Suning will definitely take advantage of it at the beginning by relying on its prophetic advantage, but there is still a big gap between it and these real big guys with profound knowledge.
Although Global Shipping, owned by Pao Yugang, only started to take off in 1955, four years later in 1959, it also had a place in the shipping industry. However, like Suning, it is usually as low-key as Suning and is not well known by Westerners.
For him to be able to come and invite him in person was a sign of respect for himself. As a junior of his age, of course he needed to respond appropriately.
...
Seeing the British-owned foreign banks in Hong Kong staring at his actions in the stock market as if they were facing a formidable enemy, Suning realized that it would be difficult to buy large amounts of stocks in a short period of time, so he stopped completely.
After calming down, Suning once again worried about the large amount of money in his account. Others were worried about having no money, but Suning himself was worried about having too much money.
"Boss, a man named Lu Bing came to visit.
Because I didn't make an appointment in advance, I don't know if the boss is willing to meet?" At this time, Suning's secretary walked in.
"Lu Bing? Did he say which company he was from?" Suning sounded familiar, but couldn't remember it at the moment.
"Eh? I didn't ask!
But he said that as soon as he mentions his name, boss, you will agree to meet him!" The secretary was also at a loss.
"..." With the rise in his status, it is really difficult to see such a confident person now.
Seeing his boss's speechlessness and realizing that he had done something wrong, the secretary quickly said, "Boss, I'm going to ask you now!"
"Forget it! Just bring it in!"
"Yes! Boss!"
Soon the secretary brought in an old man in his fifties and walked into Suning's office. Only then did Suning remember the identity of the person.
"Oops! It turns out to be Chairman Lu!
The last time we had a quick farewell, we haven’t seen each other for almost seven or eight years, right?"
"Haha, Mr. Su has a good memory!
I returned to China after arrangements were made for the reconstruction of Tung Tau Estate in Kowloon!"
"domestic?"
"Oh! It seems that Mr. Su doesn't know my identity yet!
It’s also my fault that I didn’t introduce it just now!
I am now the deputy director of Xinhua News Agency.
I will need more care from Mr. Su in the future!"
"Well?"
Suning was really shocked. As a time traveler, of course he knew what Xinhua News Agency represented!
When they were negotiating the reconstruction of Tung Tau Village in Kowloon, Suning thought that Lu Bing, who claimed to be the chairman of the self-help society, was an aboriginal like the "New Territories Taigong", but he really didn't expect that he turned out to be...
"Haha, it turns out to be Director Lu. How disrespectful!"
"Mr. Su, I came here this time to ask for your help!"
"Oh? If Director Lu needs anything from Su, just ask!
I will do my best!"
"Then thank you in advance, Mr. Su!
Recently I need to buy a piece of grain in China, so I would like to ask Mr. Su for help!"
"..." Hearing Lu Bing's words, Suning's heart moved, and then she remembered that important event and stopped talking nonsense.
"Director Lu, the business I run does not include food!
Shipping companies do.
If necessary, I can arrange a fleet to help you transport food."
"This...Mr. Su's business is so big!
Don’t you have acquaintances to buy cheap food?”
"I have a friend who makes food!
So be it!
To be continued...