Chapter 189 Successfully acquired shares in Formosa Plastics Group

Inside a villa in Clearwater Bay, Hong Kong Island:

A dignified middle-aged man was reading a newspaper, and next to him, two young men were eating breakfast.

“All kinds of young people are working in shipping.” The middle-aged man chuckled after closing the newspaper.

"Father, what's wrong?" asked the older young man.

The middle-aged man handed over the newspaper and said, "Look for yourself, a 20-year-old kid, who made a little money by running a factory, wants to go into shipping."

"20 years old?" The young man picked up the newspaper curiously, and after reading it for a while, he said, "Is this the sticky note king Yang Wendong? Has he also started doing shipping?"

"The King of Post-it Notes?" another young man asked curiously, "I heard before that he also entered the real estate industry. It seems that he bought a large piece of land in Admiralty and spent at least one or two million!"

"Doing real estate and shipping?" The middle-aged man frowned and asked, "Jianhua, who is this sticky note king?"

"Father, you don't know?" asked the young man named Jianhua in surprise.

The middle-aged man said, "I've heard of it, but I didn't pay much attention to it. There are so many industrial tycoons in Hong Kong, such as the plastic flower, sticky note, chemical tycoon, etc. There are too many."

"Compared to my father's title as the shipping king, these industrial tycoons are indeed far inferior." The young man said with a smile: "But this sticky note king Yang Wendong is different. He is truly a self-made man."

"Yes, after I learned about his entrepreneurial process, I also admired him," said another young man.

The middle-aged man was immediately surprised and asked: "Please tell me more details. I haven't paid much attention to some of Hong Kong's outstanding new businessmen in recent years."

"Our Dong family's business is mainly in shipping, so we don't need to pay too much attention to Hong Kong." Dong Jianhua said with a smile: "The special thing about this sticky note king is that he was an ordinary teenager in a squatter hut more than two years ago.

At first, he went to set up a stall at a nearby vegetable market..."

Dong Jianhua slowly told his father what he knew.

Their Dong family is naturally one of the more famous shipping families in Hong Kong today.

Their father was Tung Chao-Yen, a name that almost everyone in Hong Kong's business community knew. However, the core of the Tung family's business was at sea, so his father only had a general idea of the situation in Hong Kong.

As he slowly talked about the recent past, Dong Haoyun nodded in appreciation and said, "I also use that trolley case. It's very convenient. I didn't expect it was invented by us Hong Kong people."

Dong Jiancheng next to him also said: "Yes, for people like this who started from scratch, people around me admire them very much."

"It is indeed difficult to start from scratch." Dong Haoyun nodded and said, "Hearing what you said, Yang Wendong's ability really should not be underestimated. Now that he has entered the shipping industry, he may become my strong enemy in the future."

Tung Chee-hwa said: "Not necessarily. From what I read in the newspaper, he entered the shipping industry because he was thinking of exporting his products to other countries. He may not have the same idea as his father."

"Jianhua, you are wrong." Dong Haoyun shook his head and said, "In the business world, whether a person will do a certain business does not depend on whether he wants to or not, but is determined by the direction of development;
In order to transport his own goods, he bought a ship. With orders from his own industry, he no longer had to worry about lack of business. This was already much better than Bao Yugang back then.
As long as things develop normally, they will naturally discover the huge profits in the shipping industry, and they will naturally enter the market on a large scale.”

"That's what my father taught me," Tung Chee-hwa said quickly.

Dong Haoyun added: "If you have time, find a chance to get to know them. They are all young people, and you may be able to talk to each other."

"Yes." Tung Chee-hwa agreed.

Dong Haoyun added, "Also, I'm going to the United States. There are a lot of second-hand cargo ships for sale there recently. I want to go and take a look. During this time, you should learn more from the company's seniors how to handle company affairs."

"I understand." Tung Chee-hwa said again.

In an office in Central, Hong Kong Island:
"Mr. Bao, have you heard that there is a newcomer entering the shipping industry recently?" A man in his 40s walked in and said to another person inside.

The man surnamed Bao raised his head and asked, "Who?"

Those who have the ability to enter the shipping industry are basically the wealthy groups in Hong Kong. When he entered the shipping industry, it shocked many people.

The visitor said, "It's the sticky note king who became famous last year. I heard that his new product is suitcases, and he needs to export a large number of them to the United States, so he bought a boat himself."

"Large-scale export?" Bao Yugang glanced at the newspaper and said, "What a pity! If I had known this earlier, I would have rented my ship to him. It would have been a good business."

"Haha." The visitor laughed and said, "You really are always thinking about renting a ship. Now I'm afraid there will be more competitors in the shipping industry.

Yang Wendong's economic strength is not weak. I asked around at the port and found out that they export a lot of goods all over the world."

"What does this have to do with us? We only have less than ten ships." Bao Yugang said with a smile: "Even if he becomes bigger, it will not affect us."

"Okay." The visitor asked again: "Have you decided? Are you going to Japan to buy a new boat?"

Bao Yugang nodded and said, "Yes, it's hard to rent a second-hand ship that's too old at a good price. The leasing companies in Japan now want to rent new ships." "A new ship costs about 100 million US dollars." The visitor hesitated and said, "Where do you get so much money?"

Bao Yugang sighed and said, "I'm going to try HSBC."

"HSBC?" The visitor said, "That may be difficult."

Bao Yugang shook his head and said, "How do you know if it works if you don't try it?"

The voyage of Changxing Shipping's first cargo ship caused a bit of a stir in Hong Kong, but it soon died down. After all, it was just a cargo ship.

I guess some British giants won't pay much attention to such news.

Time soon came to mid-September, and Wei Zetao brought news that the business negotiation team in Taiwan had reached an agreement with Wang Yongqing and was ready to sign the contract.

Being able to invest in what will be the largest company in Taiwan in the future is much more important than entering the shipping or real estate industries. Yang Wendong is naturally preparing to go to Taiwan in person.

This time they chose to take a plane because Su Yiyi was not coming. Now, her first and most important task was to stay at home and protect the fetus. Even if she still participated in work, she was surrounded by medical and security teams.

After arriving in Wanwan, Fang Zhijue, the leader in charge of the negotiations, reported: "Mr. Yang, this is the agreement we negotiated with Wang Yongqing's team. Please take a look. It is the same as the one I sent to Hong Kong before."

"Okay, thank you for your hard work during this period." Yang Wendong took the agreement and read it again.

"Mr. Yang, you are too polite. This is what we should do." Fang Zhijue continued, "Wang Yongqing's offer is still worth $200 million, but he allowed us to invest only $49.5 to get 20% of the shares. In the end, he was only willing to give us another $5000, and was unwilling to give more on the shares."

"20% is fine." Yang Wendong nodded.

Being able to obtain 20% in one go is already quite good. If Formosa Plastics goes public in the future, he can also buy shares on the stock market.

However, he would never compete with Wang Yongqing for ownership of the company, so if he acquired too many stocks, it would only be an economic gain.

The most important thing is to have a stable supplier of plastic raw materials in Hong Kong.

Fang Zhijue went on to say: "The agreement also states that after the joint venture, we need to introduce a bank loan from Hong Kong to provide financial assistance for the new factory."

"That's not a problem. Several banks in Hong Kong can provide loans," Yang Wendong said with a smile.

With its own stable orders, the new factory will never have to worry about lack of business. In addition, with its current fame in Hong Kong, it will naturally not be a problem to guide a bank to provide a loan.

After a while, Yang Wendong finished reading the agreement and said, "That's it. Let's wait until tomorrow to officially sign the contract."

"Yes, Mr. Yang." Fang Zhijue said after taking the agreement.

The next day, Yang Wendong and others came to the location of the Formosa Mau factory again.

"Mr. Yang, I heard that you have entered the shipping market. Congratulations." Wang Yongqing said with a smile.

"Haha, Mr. Wang's information channels are really sensitive." Yang Wendong said with a smile.

Wang Yongqing said: "Not really, but Mr. Yang will be a major shareholder of Formosa Maw in the future, so I will naturally pay extra attention to him."

Wang Yongqing is generally not interested in news from Hong Kong, but after all, his main market may be Hong Kong in the future, so he will naturally pay some attention to it, especially to big clients.

Yang Wendong said: "I am also very happy to be able to invest in Mr. Wang."

"Okay, please come in." Wang Yongqing said inside.

Everyone entered the meeting room together.

The signing process was simple. Both parties and their respective lawyers reviewed the contract again to ensure that the content was the same as before.

After there were no problems, the bosses from both sides signed.

Yang Wendong smiled and shook hands with Wang Yongqing, saying, "Mr. Wang, it's a pleasure to work with you."

"It's a pleasure to work with you." Wang Yongqing was also very happy. This cooperation also brought his company abundant funds and a stable major shareholder.

Yang Wendong continued, "Mr. Wang, the funds will be deposited into the joint venture's account within three days. You need to prepare immediately and build the new plastic production plant as quickly as possible."

Although the future "Formosa Plastics" Group will bring him huge returns on his investment in terms of economic benefits, the more important purpose is to free his company from the problem of raw material supply.

"Okay, Mr. Yang, don't worry, this is also what I urgently need to do." Wang Yongqing agreed.

PS: Please give me a monthly ticket
(End of this chapter)

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