v2 Chapter 598： Divestitures and new companies

Chapter 598

After all, Xiangjiang Electric Light Company has a history of ninety years. After such a long period of time, it is no longer confined to the electric power industry.

It can be said that Xiangjiang Electric Lamp Company can be regarded as a diversified group company. The company's business scope can be roughly divided into five parts.

Sorted by volume, there are five parts: real estate, electricity, engineering construction and services, electrical appliance trading, and other investment shares.

In recent years, because the real estate industry has become more and more popular, it is a company that wants to do real estate. Therefore, the Xiangjiang Electric Light Company, which has a huge advantage, is no exception and has been deeply involved in the real estate industry.

The real estate business was originally directly managed by the second largest shareholder and president, but after he left, his position was vacant.

The remaining four people are all heads of various business areas.

After listening to their introduction, Xia Yu nodded slightly, looked at Zhou Keji again, and ordered: "How is the overall situation of the company?"

Zhou Keji has already calculated all aspects of the assets of the Xiangjiang Electric Light Company by the employees of the accounting firm, and has already known it, so he calmly reported: "Report to the chairman, the total assets of Xiangjiang Electric Light Company are worth 8.75 billion. Hong Kong dollars, liabilities 5.63 billion Hong Kong dollars, net assets 3.12 billion Hong Kong dollars, of which real estate business assets accounted for 53.3%, power business assets accounted for 25.5%, engineering construction and service business assets accounted for 12.4%, electrical appliances trading……"

Hearing this data, Xia Yu raised his brows. He didn't expect the net assets of Xiangjiang Electric Light Company to be as high as 3.12 billion Hong Kong dollars, which was completely beyond his expectations.

Although he knows that most of the current British-funded companies have a city value lower than their actual value, he did not expect that after the incident of the Wharf, the Xiangjiang Electric Light Company would be so outrageous. It is conceivable that there is gold everywhere in the general environment. Have the ability to eat in.

The purchase of the entire company only spent HK$2.27 billion, which means that from the net assets alone, his acquisition made a profit of HK$850 million.

Not to mention that the value of a company cannot be simply calculated as net assets, but also as other hidden values ​​such as industry influence and volume value.

However, Xia Yu learned that Xiangjiang Electric Lamp Company will have so many assets under the accounting of a standard accounting firm, mainly because of the value of real estate such as land and surface buildings.

After all, the Hong Kong Electric Light Company owns the power franchise on Hong Kong Island. In the last century, it has won a large number of land to build power plants, as well as supporting factories and facilities for power plants.

After 90 years, the power plant has undergone expansion, relocation, and other changes. The company's land is increasing, but it only increases, because Xiangjiang Electric Light Co., Ltd. is a British-owned enterprise, and its original power plant land is in the city. Districts or urban areas, considering the overall planning of the city, the Hong Kong government has approved the change of the nature of its land several times, from industrial land to commercial land, and its value has soared.

It is precisely because of this huge advantage that Xiangjiang Electric Light Company wants to enter the real estate industry.

After all, with such a big advantage, as long as the operator is not a fool, of course it is impossible to put a big gold mine without digging.

But now everything is cheap Xia Yu.

"Okay, I also understand the situation. For the company's good development, the company will rectify next."

Xia Yu said sternly, everyone immediately looked serious and looked at him intently.

"Xiangjiang Electric Light Co., Ltd. has gone off track now. It has fallen far behind the China Light & Power Company in the initial power business. Although there are reasons for the franchise area, it is undeniable that the most important reason is that the company's main energy is placed on the real estate business. ."

"Next, all real estate related businesses will be divested and absorbed by Jiuding Real Estate Group."

"Shihao, speed up, but the premise is stability, understand?"

"understand!"

Liu Shihao responded with excitement, and his heart surged.

The real estate business of Xiangjiang Electric Light Company has total assets of more than 4 billion Hong Kong dollars. Although the liabilities are also numerous, it is undeniable that the size of the real estate industry alone is equivalent to the size of a large real estate company in Xiangjiang. .

Now that it is directly annexed by Jiuding Real Estate Group, it will make the strength of Jiuding Real Estate Group leap forward, far surpassing Henderson Land Development, New World Development, Cheung Kong Holdings and other companies.

As for Han Tianze and other high-level officials, even though they were shocked, they still obeyed Xia Yu's orders.

Although they felt it was a pity, it was the will of the boss, and no one could stop it. There was no person in charge of the real estate business, and no one came out to comment.

They just started to worry about their fate.

Xia Yu looked at Han Tianze and said calmly when he was nervous: "Han Tianze, from now on you will be the general manager of the company, responsible for the entire company of the group company, and directly in charge of the power business."

"Yes!"

Han Tianze was surprised and replied loudly.

Xia Yu nodded slightly, looked at Liu Hong again, and said to him: "The engineering construction and service industries you are responsible for have two major sectors. One is the power plant construction, power grid laying and service sector, and the other is the real estate construction sector. "

"The real estate construction department is all under the Jiuding Real Estate Group. In the future, you will manage the power-related engineering construction and service business, and help Han Tianze take care of the company, understand?"

Liu Hong secretly sighed that his rights had shrunk dramatically, but he didn't dare to complain. It is already good to be an executive, so he respectfully replied, "Understood!"

"As for you..."

Looking at Song Hai, Xia Yu hesitated for a moment and fell into thinking, causing Song Hai to lift his heart into his throat.

At this time, I heard Xia Yu said: "In the electrical appliance trading business, we have acted as an agent for the general distribution rights of companies such as Siemens in Germany and Whirlpool in the United States. This is a great advantage, but the drawbacks are also obvious, that is, focusing on being a general distributor. , Underestimating the electrical retail field, the right to speak is not important, and the profit is too low."

"The terminal electrical appliance retail industry has a huge market. As long as the volume goes up, it can back pressure on suppliers, so we must vigorously operate."

"The electrical appliance trading department became independent and became a wholly-owned subsidiary of Jiuding Retail Group. The name is Jiuding Electric Sales Co., Ltd., and it is planned to assume the position of general manager. I will give you a task to open in Xiangjiang and Omen within half a year. Six home appliance retail malls, and the most important thing is to build a complete after-sales service system."

Song Hai has mixed joys and sorrows, because he has become the general manager of a company, and his rights and freedom have greatly increased. Depending on the situation, the boss will strongly support him.

But it is precisely because of this that I feel sad, or pressure.

Opened six electrical appliance retail stores in Hong Kong and Macau in half a year. It is definitely not a small electrical appliance retail store. At least the variety of electrical appliances should be complete. That's all. The most rare thing is to improve the after-sales service systemJust maintenance People are hard to find, and they have to be level.

However, despite the pressure, since the boss values ​​him, he can't let the boss Xia Yu down, so he took a deep breath and solemnly responded, "Guaranteed to complete the task!"

Xia Yu also knows the difficulty, and said with earnestness: "Don't worry about funding. The electrical retail industry focuses on service, so the after-sales service system must be more thoughtful and don't let me down!"

"Yes!"

Song Hai straightened his chest and responded again.

Xia Yu has high expectations for Jiuding Electric Sales Co., Ltd., so he will focus on building an after-sales service system.

As long as the retail terminal is built, he can enter the electrical appliance manufacturing industry at any time. By then, with the help of a well-built retail system and after-sales service system, a new electrical appliance brand can be formed soon. This is what he sees.

Next came other businesses that invested in shares. Xia Yu divested out irrelevant businesses based on the list compiled by Zhou Keji, and then notified his major companies to take over, leaving only the parts related to the power business.

In this way, the Xiangjiang Electric Light Company has returned to what it was at the beginning and became a single power company. The company’s assets have shrunk significantly, leaving only more than 2 billion Hong Kong dollars in assets, most of which are power plants, power grids, etc. real estate.

In Xia Yu's plan, Xiangjiang Electric Light Company has been engaged in the power industry for ninety years. There is absolutely no problem in technology and management and operation. It has a profound background and it is absolutely waste to be restricted to Hong Kong Island.

Xia Yu intends to use this starting point to allow Xiangjiang Electric Light Co., Ltd. to break out of Xiangjiang, to Asia, and enter the world's electric power field.

Because of so many considerations, Xiangjiang Electric Light Company is not allowed to be half-hearted.

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