Chapter 493 Investing in Hu Yingxiang

Huang Yaonan didn’t know what Yang Wendong was thinking, so he just replied, “Yes, it’s good that Mr. Yang has heard about it. If China Bus Company can take over so many taxi companies, it will be of great significance for us to completely control the transportation of Hong Kong Island;
Even after your Hung Hom Cross-Harbour Tunnel opens to traffic, the taxi business will not be restricted by the regional restrictions of bus companies.”

"This is indeed a direction for expanding business, otherwise China Motor Bus would be stuck in Hong Kong Island." Yang Wendong thought for a moment and then asked, "Are there any legal restrictions on your China Motor Bus operating taxis?"

Huang Yaonan said: “No, the law does not stipulate that bus companies cannot invest in other businesses, and this is also related to transportation. As long as the board of directors agrees, it will be fine;

Mr. Yang, the two of us hold more than half of the shares, so as long as you agree, there will be no problem."

"Okay, I support your expansion." Yang Wendong nodded and asked, "Are there any problems with funding?"

Huang Yaonan smiled and said, "No problem. I have a good relationship with Bank of East Asia. Plus, you are a shareholder, so they are very happy to cooperate with us."

It is convenient for a company to have a well-known major shareholder. Banks will be confident in lending money to the company, although the shareholder only bears limited liability.
But the companies that successful people are interested in generally have lower risks, and even if problems do arise, as long as it is not a fatal situation, they will help, whether for their own reputation or interests.

Yang Wendong said, "That's good. I'll ask Fang Xianming to help with this matter as well. Take down the gas station and the taxi company as soon as possible."

"Thank you, Yang Sheng." Huang Yaonan replied.

A few days later, Yang Wendong called Fang Xianming, who had just returned, and asked, "How is the acquisition going with the China-Pakistan Company?"

Fang Xianming replied: "It's going very smoothly. Whether it's the Hu family or the foreign gas stations, they are all eager to sell their stocks, especially Shell. Huang Yaonan is suppressing the price."

"I remember that the gas stations in Hong Kong are mainly Mobil and Shell, right?" Yang Wendong asked, "Shell is in a hurry to run, what about Mobil?"

Fang Xianming said: "Mobil has not made any move. I guess the US government is behind it. They are very confident. They not only have gas station business in Hong Kong, but also a large number of oil depots."

"What a pity! If Mobil leaves, I would like to take over the land under his oil depot." Yang Wendong said with regret.

The first large housing estate in Hong Kong's history is Mei Foo Sun Tuen, which was built on the land of a former oil depot. Although it was American-funded, Mei Foo came to Hong Kong to do business very early. Decades ago, Hong Kong's large oil depots were also used to supply the mainland and even other Asian countries, and their areas were very large.

Fang Xianming said: "Mobil is very stable, but they are indeed gradually relocating their oil depot business. It is said that they are going to Singapore and several Southeast Asian countries."

"We won't take care of this." Yang Wendong shook his head and asked, "Have you found out the situation at the Hu family?"

"I have checked it out." Fang Xianming replied: "Hu Zhong started his business in 1958 and established two companies, one is Zhongyang Jianye and the other is Zhongyang Taxi Company;

The former suffered heavy losses in the economic crisis in recent years, but Wu Chung treated his subordinates well and did not lay off employees even though he suffered losses. He still supported them. The taxi company also suffered losses in recent years, and the Hong Kong government allowed private individuals to take taxis at the beginning of the year, making the taxi company less profitable than before.
Because of the heavy debt and his poor health, he is preparing to retire. He is planning to sell the taxi company and leave the Jianye Company to his son, Wu Yingxiang. His eldest son is in politics and will not take over his father's business.

"He's a good guy." Yang Wendong nodded. "Then what about Hu Yingxiang's ability? Have you found out?"

Fang Xianming replied: "I have checked, he is very capable. Although Hu Zhong is the chairman of Zhongyang Jianye, as early as 60, many things were actually decided by Hu Yingxiang;

Even during the economic crisis in recent years, Hu Yingxiang was able to secure one or two of the few projects that were available, which was how he was able to support so many workers.

"Do you have any specific information?" Yang Wendong asked.

"Yes, they're all here." Fang Xianming hurried forward and handed over the information.

Normally, when Yang Wendong listened to reports, if the information was not very important, he would just listen and rarely asked to look at the information; fortunately, he had everything prepared, and would rather not use it than not have it when he needed it.

Yang Wendong took the information and read it carefully. These were all the various businesses that Zhongyang Jianye had undertaken over the years. It can be seen that in the early days, Zhongyang Jianye only took on some marginal businesses, but later on, the scale became larger and larger, and it directly began to undertake large-scale buildings;

Many of these businesses were acquired by Hu Yingxiang. No wonder he was able to rise rapidly after the 70s and surpass Li Jiacheng to become the leader of the Five Tigers in real estate. If he had not invested too much money in domestic infrastructure, he might have become one of the five major families in the future.

After reading it, Yang Wendong said, "Ask Hu Yingxiang to come out and tell him that I want to meet him and discuss cooperation with him?"

"You talked to him?" Fang Xianming was a little uncertain and asked, "Is it okay to leave this matter to Zheng Zhijie?"

In fact, let alone Yang Wendong, even Zheng Zhijie's status was not someone that Hu Yingxiang could easily meet, not even his father Hu Zhong; Zhongyang Jianye was just a medium-sized construction company, which was a world of difference compared to Changxing Real Estate.

"I'll come to meet him, and you can make the arrangements." Yang Wendong didn't say much.

"Okay, I'll arrange it." Fang Xianming didn't ask any more questions. A reminder once was enough.

In a villa in North Point, Hong Kong: Hu Zhong, chairman of Zhongyang Jianye, was shocked when he heard what his son said, "What? Yang Wendong wants to meet you at the Four Seasons Hotel?"

"Yes." Hu Yingxiang nodded. When he first learned the news, he was as shocked as his father.

Hu Zhong asked again: "Did you say anything?"

"No, I'm also very confused. Our business doesn't have any major cooperation with Changxing Group. Why would Yang Wendong ask me to meet him?" Hu Yingxiang was very puzzled.

"Could it be related to China Bus's acquisition of my taxi company?" Hu Zhong analyzed, "But how could such a small business alarm Yang Wendong?"

The taxi company is actually worth tens of millions, but to Yang Wendong, it is just a small business.

Hu Yingxiang said, "Even if it's because of the taxi company, you shouldn't come to me, right? You should come to me, father. I have only been in charge of Zhongyang Jianye over the years."

Hu Zhong thought for a moment and said, "Since I've asked you out, then go and meet him seriously. I think this is most likely a good thing."

"Okay." Hu Yingxiang also agreed.

The next day, in the presidential suite of the Four Seasons Hotel.

"Hello, Mr. Yang." Hu Yingxiang said immediately after seeing Yang Wendong.

"Mr. Hu, you're welcome. Please take a seat." Yang Wendong said with a smile.

After the two sat down, the waiter brought hot tea. Yang Wendong asked directly: "Mr. Hu, what do you think of the future economy of Hong Kong?"

Hu Yingxiang paused, then said: "I am still optimistic about the future of Hong Kong, because the country needs a window like Hong Kong to the outside world, just like in 49."

"So your father is still selling the taxi company?" Yang Wendong asked again.

Hu Yingxiang replied: "My father has been running the taxi company. I can't do anything if he doesn't think it's worth selling. In addition, the Hong Kong government has relaxed the restrictions on individuals being able to apply for taxi licenses, which will inevitably lead to a significant decline in the competitiveness of taxi companies."

"Well, so the Zhongyang Jianye that you control is still maintaining operations?" Yang Wendong asked again.

Hu Yingxiang nodded and said, "Yes, my father's heart is not very good, so he plans to retire after the taxi company is sold. From now on, the operation of Zhongyang Jianye will be managed by me."

"That's good. Your ability is actually much better than your father's." Yang Wendong smiled.

Hu Yingxiang asked tentatively, "Mr. Yang, why did you ask me out?"

"I want to cooperate with you." Yang Wendong said.

"Cooperation? Mr. Yang wants to contract the construction to me?" Hu Yingxiang was overjoyed.

The scale of Changxing Real Estate and Changxing Infrastructure ranks among the top in the Hong Kong real estate industry. For such large companies, a small amount of business is enough to support Zhongyang Jianye.

"Yes, I can give you some construction business." Yang Wendong asked again: "But I am curious, your father once publicly said that he worked in construction for a lifetime, but he could not compare with other real estate speculators in one year. Do you have any idea?"

Hu Yingxiang was silent for a moment and then said, "Mr. Yang, to be honest, I do have the idea of doing real estate, but given the current situation, I don't know when it will end."

"That's right." Yang Wendong nodded and said, "I will arrange for someone from Changxing Real Estate to contact you later. But if one day you consider setting up a real estate company, you can tell me and I can invest. This is my business card."

Hehe Industrial has not yet been established, so it is naturally impossible to invest now, so for now we can only get to know it;

If Yang Wendong only looked at the investment returns, he would not have asked Hu Yingxiang out alone. The future five tigers of real estate were nothing in his eyes.
But what makes Hu Yingxiang special is that in the 80s he invested heavily in domestic infrastructure and improved people's livelihood. Although he also had profit-making purposes, he helped tens of millions of people in the mainland. This is enough to make him look at him differently. He is much better than someone who only hoards land and waits for it to appreciate.

As for the cooperation with Changxing Real Estate, it doesn't matter. If it is not given to Hu Yingxiang, it will be given to someone else. It is impossible for Changxing Real Estate to recruit people to do so many large projects. Various outsourcing is very common.

"Okay." Hu Yingxiang took the business card and put it away immediately. Business cards from such important people are often very useful.

PS: Ask for monthly ticket,
(End of this chapter)

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