Chapter 380 No One is a Fool

The next day, Hong Kong Communications Holdings sent a five-member negotiation team headed by the general manager into the Global Building.

Yesterday afternoon, Fang Hexuan asked the investment department to send a business letter to the company in the name of Alphabet Group, and attached copies of several stock certificates.

The shares of each certificate do not exceed 5%, which add up to 11.7%. As a result, Alphabet Group becomes the third largest shareholder of Hong Kong Holdings.

港通控股有限公司最初以“香港隧道有限公司”之名成立于1965年4月26日， 1974年7月30日顺利在四会之一的香港会上市。

According to the information Fang Hexuan has, this "Hong Kong Tunnel Co., Ltd." was jointly established by a retired senior foreign official of the Hong Kong government and wealthy Chinese businessmen in Hong Kong. The Hong Kong government was given 30% of the shares with the aim of bidding for and obtaining the franchise of Hong Kong's public enterprises.

For example, in 1969, the Hong Kong Tunnel, which had only been established for four years, won its largest business - the Hung Hom Cross-Harbour Tunnel franchise, which lasted for 30 years until 1999.

The success of this bid made the Hong Kong Tunnel Company famous overnight, and its business scope expanded rapidly. Later, it participated in the bidding and investment of projects such as the Aberdeen Tunnel Road, Shing Mun Tunnel Road, Tseung Kwan O Tunnel Road, Tate's Cairn Tunnel Road and Tai Lam Tunnel Road.

In a word, the company's background is still quite solid before there are major changes in its board of directors.

However, as the high-ranking foreign directors sold their shares and returned to the UK to retire, several shareholders withdrew from the board of directors.

The reorganized new board of directors renamed the Hong Kong Tunnel Company as Hong Kong Tunnel Holdings, and its business gradually shifted from the sole operation of Hong Kong's tunnel franchise to driving school training, road traffic equipment and financial asset investment.

Although it seems that the business has increased, the strength of Hong Kong Link Holdings has declined significantly after the name change, especially one of the company's businesses - financial asset investment, which was also implicated in the stock market crash.

Even Fang Hexuan couldn't understand why this company would take such a big step and transform itself from a wealthy landlord who only collected tolls into a financial elite.

It would be fine if this transformation was successful, but it happened to coincide with a stock market winter.

This operational mistake was directly reflected in its stock price. After learning the news, shareholders sold their stocks one after another, which gave the Alphabet Group's investment team an opportunity.

However, after receiving the official letter from Alphabet Group, the board of directors and management of Hong Kong Communications Holdings were not afraid but extremely happy.

At least when Fang Hexuan met with the other party's negotiation team, it was obvious that they were very relaxed.

At first he didn't understand the reason, until the talks began, he found out that everyone in Hongtong Holdings thought that the richest man was optimistic about them and wanted to buy shares and join the board of directors.

After all, everyone in Hong Kong knows that in terms of the richest cash flow and the most powerful assets, no one can compete with Mr. Fang at the moment.

Fang Hexuan was also speechless. He was just interested in their subsidiary, Hong Kong Driving School Limited, but they misunderstood him.

Although Hong Kong Communications Holdings was very disappointed, it finally established a relationship with Mr. Fang and the Alphabet Group.

The cooperation between the two parties is as follows:
1. Alphabet Group will continue to maintain its position as the third largest shareholder of Hong Kong Link Holdings and will not reduce its holdings within one year.

Second, Hong Kong Driving School Limited, a subsidiary of Hong Kong Communications Holdings, has cooperated with BYD. In the initial stage, it will purchase 300 EVOs from the latter for student driving training. Later, it will purchase BYD models in batches according to the progress of eliminating old cars.

This non-transactional transaction was not made public, so it did not attract much attention.

However, it won’t be long before Hong Kong people who aspire to become drivers enter driving schools to practice driving, and they will find that the Ford training cars they originally used may have become BYD’s EVO.

In short, although the Hong Kong automobile market is very small, Fang Hexuan also intends to cut some meat from the fly's thigh. At least, Hong Kong people should not think of avoiding BYD's influence when learning to drive, riding a car, or buying a car.

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Clearwater Bay Golf Club.

Li Huanggua, Li Zhaoji, Guo Desheng and Cheng Yutong were sitting in the club lounge chatting. They had just played for half an hour and had a little fun. It was also a "small team building" after the four of them hadn't seen each other for a while.

Originally, Li Huanggua and Li Zhaoji did not have a harmonious relationship, and Cheng Yutong also had an average relationship with the three of them.

But since Fang Hexuan appeared in Hong Kong, many things have changed.

Nowadays, there is no such thing as the Five Tigers of real estate, but rather a situation of one superpower and many strong ones.

Wanda, the leader of Hong Kong's real estate industry, is suppressing those ambitious people who want to grow and develop.

The four companies are not having an easy time with the stock and property market collapse, but at least they are not at risk of a broken capital chain.

The strongest of the four companies, and the one that has handled the crisis most easily, is Li Huanggua's Cheung Kong Holdings (Cheung Kong Holdings and Hutchison Whampoa).

After Fang Hexuan took away the huge piece of land in Whampoa Garden and several buildings in Hong Kong Island and Kowloon a year ago, Cheung Kong's strength in the real estate industry is far less than in the original time and space.

But Li Huanggua has a good memory. He knows that he cannot compete head-on with Fang Hexuan, so over the past year or so, Cheung Kong's actions in the real estate industry have mainly focused on the development of large-scale housing estates in new towns.

For example, the development of City One Shatin and Kingswood Villas in Yuen Long, these two major projects are divided into multiple phases, which can bring sustained and stable cash flow returns to Cheung Kong.

In addition, Li Huanggua also particularly likes to study Fang Hexuan, especially likes to figure out the logic and ideas behind all his business operations.

When Fang Hexuan exchanged all his Hong Kong dollar assets into US dollars two years ago, Huanggua noticed it.

Although he didn't quite understand it at first, he followed suit last year and invested in the US dollar market. Up to now, the exchange rate of US dollar to Hong Kong dollar is 1:6.94. In just one year, Huanggua has made nearly 20 billion Hong Kong dollars.

Having tasted great benefits, he would not blindly follow Fang Hexuan, but as long as the other party made any move, he would follow and copy it.

This gathering was led by Huanggua. He noticed that Fang Hexuan was making big moves in the stock market and the housing market, and also wanted to join forces with other real estate peers to share a big piece of the pie.

Cucumber took a sip of coffee, adjusted his glasses, and said seriously:

"I brought you all together today to discuss how to jointly win some good projects while the property market is in a downturn."

The other two did not react much, but Cheng Yutong's eyes lit up and he asked excitedly:

"What do you think, Cheng?"

Li Ka-shing glanced at the other two, coughed and said:
"Let's get a consensus first. One person is too weak. Only if we join forces can we fight Wanda."

Li Zhaoji raised his eyebrows and asked uncertainly:

"Do you want to fight with Xuan again?"

Li Ka-shing waved his hand quickly and said:

"Fourth brother, you misunderstood. What I meant was that there is a stock market crash and a real estate collapse. There are too many opportunities in the market. We can't let Mr. Fang take them all by himself."

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(End of this chapter)