northernbook Chapter 329: Hundreds of millions of working capital, does Chen Wen have a new project?
Chapter 329: Hundreds of millions of working capital, does Chen Wen have a new project?
xx restaurant, in a private room.
Chen Wen brought Fang Zhanbo to the appointment, and the person who invited Chen Wen was the current largest shareholder of Hutchison Whampoa, Sir Pao.
"I really admire Mr. Chen's operation of Wharf."
"To be honest, sitting in front of Mr. Chen, I, a major shareholder of Wharf Holdings, feel extremely ashamed. If it weren't for Mr. Chen, I wouldn't have had the opportunity to reduce the ship and land."
"I have never understood why Mr. Chen, if he has such a brain, doesn't start Wharf himself?"
Sir Bao shook hands with Chen Wen while speaking these polite words.
But these seemingly ordinary words made Fang Zhanbo who was behind them feel extremely shocked.
That’s right! There have indeed been rumors that Chen Wen was the one who kicked Jardine Matheson out of Wharf.
Fang Zhanbo originally thought that it was just hype from the outside world.
He even thought at one point that the operation of Hutchison Whampoa was controlled by Sir Pao behind the scenes, but he never expected that it was Fang Zhanbo who had put the cart before the horse.
So the real manipulator of this matter is not the once-popular Sir Bao, but his boss Chen Wen?
The most terrifying thing is that Sir Bao, who made his fortune in shipping, listened to Chen Wen's advice, reduced the number of ships and landed, and successfully avoided the shipping crisis.
The value of these words is simply too great.
"Sir Bao, I told you a long time ago that I want to do it, but I don't have enough money."
Chen Wen pretended to look innocent and spoke directly.
Chen Wen had already sensed some tentative meaning in Lord Bao's words.
But Chen Wen didn't care.
The reason is very simple. He does not want to spend his own energy to run the Wharf.
Instead of spending more time on this matter, it is better to spend more time on other investments.
After all, there is more than just Hutchison Whampoa that makes money in Hong Kong Island.
"Mr. Chen, let's stop playing dumb with each other."
"If it were before, I might have believed that the industry had just started and there wasn't that much money to go around."
"But now? After what happened at Wharf, others may not know Mr. Chen's ability, but how can I, Sir Bao, not know?"
Sir Bao said this with a meaningful look on his face.
It is no exaggeration to say that Fang Zhanbo's jaw has never dropped since the moment he entered the door.
It's really shocking.
It was as if Chen Wen brought him here to broaden his horizons.
This also made Fang Zhanbo admire Chen Wen even more.
There is no way! After all, what Lord Bao just said was even more exaggerated than what those media reporters said outside.
Sir Bao is indeed the largest shareholder of Hutchison Whampoa now. Everyone thinks that Chen Wen is capable but does not have the financial resources to deal with Jardine Matheson.
But Sir Bao said that this position as the largest shareholder was given to him by Chen Wen?
This news is really not too shocking.
"It seems that Lord Bao has heard some gossip, otherwise he wouldn't be so sure in his words."
Chen Wen said directly with a smile on his face.
Sir Bao has been in the shipping business for so many years that he has already established deep roots, so naturally he can get a lot of gossip.
What's more, Chen Wen had already become a prominent figure in Hong Kong at that time, and his every move had been watched by everyone.
Not to mention, Chen Wen is dealing with Hutchison Whampoa this time.
"I acted as the middleman for Hutchison Whampoa and allowed you to make the acquisition."
"You should know that not everyone is qualified to acquire Hutchison Whampoa, but this Hutchison Whampoa was eliminated in the first round after it came into your hands, and you just handed it over to Li Chaoren?"
"If someone uses my favor to do something for me, I should know some inside information, right? Otherwise, how am I going to explain this to HSBC?"
Sir Bao spoke directly to Chen Wen.
That’s right! The acquisition of Hutchison Whampoa was carried out behind the scenes, and no one knew about it except these few people who handled it.
There is no doubt that the so-called behind-the-scenes operation means that this is not a normal acquisition.
With the help of Sir Bao, Chen Wen bought Hutchison Whampoa at half the price.
That’s right! The market value of Hutchison Whampoa was over 60 billion, but Chen Wen only spent over 30 billion to acquire it.
The most important thing is that the 30 billion yuan was loaned to Chen Wen by HSBC.
Obviously, it was not that Chen Wen could not come up with the money, but that Sir Bao gave Chen Wen convenience.
The loan of more than 30 billion yuan will be repaid in 30 years.
This convenience is impossible to find in any other banking business in Hong Kong.
It is equivalent to Chen Wenxian directly obtaining the operating rights of Hutchison Whampoa without spending any money, and then repaying the loans after making money from operating Hutchison Whampoa.
But Hutchison Whampoa was in a period of loss at that time. If it was managed properly, it would not be impossible to increase its current market value four or five times.
Not to mention, those businessmen who don't have Sir Bao's connections are all eyeing Hutchison Whampoa, which is enough to show how attractive Hutchison Whampoa's business is.
This is a deal that no one can refuse!
But Chen Wen actually gave the Hutchison Whampoa business to Li Chaoren? Even at the market price, this was not a good deal.
Not to mention that Superman Li was flattered, even Sir Bao was extremely shocked when he heard the news.
The most important thing is that Chen Wen still holds some shares in Hutchison Whampoa, but he is not a major shareholder. However, he has given up all his shares in Hutchison Whampoa.
Could it be that Chen Wen thinks Hutchison Whampoa is not worth its money?
"Sir Bao, you and I are old friends, don't you know me well?"
"I'm good at investing, so let's leave the management to someone capable."
"Li Chaoren is more suitable than me."
Chen Wen said directly with a smile on his face.
This conversation between the two made Fang Zhanbo feel like he was on a roller coaster.
They seem to be business partners, but every word they say contains a huge amount of information.
To exaggerate a little, Fang Zhanbo's position can support at least hundreds of media reporters.
That’s right! It depends on the amount of information in the conversation between Chen Wen and Fang Zhanbo.
"Is it suitability or money?"
Sir Bao continued to ask tentatively.
Chen Wen spent less than 2 million to acquire Hutchison Whampoa and sold it to Li Chaoren, directly transferring nearly 10 billion in cash and other industries.
After all this trading, Chen Wen had more than 10 billion in liquid funds on hand. What does this money mean to a businessman?
I believe everyone knows the value of this money.
"I said I won't do management, so I'll do investment."
"Sir Bao knows that I have so many gangsters to support. There's nothing I can do."
Chen Wen said directly without any hurry.
Upon hearing this, Lord Bao also smiled.
He knew very well in his mind that Chen Wen was aware of the value of Hutchison Whampoa and would never give it up.
If I have to explain, there is only one reason.
That is, Chen Wen has set his sights on a project with greater money-making potential.
Sir Bao asked jokingly with a smile on his face: "With such a large sum of cash, I wonder what Mr. Chen is interested in this time?"
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