Chapter 1354 Immediate Interests or Long-Term Interests?

"Chairman, I understand what you mean."

"The work pressure in this area will be very high, and the time is relatively rushed. As far as I know, several companies in the past only released financial reports in February and March."

"We now have to advance the release of the financial report to the beginning of January. I only rely on the financial personnel of each company, and I have no absolute certainty."

"I suggest hiring a third-party accounting firm to assist to speed up work efficiency."

Myron Marjorie answered solemnly.

Justin Kyle immediately approved and warned again: "You can handle it yourself, I will leave it to you to be responsible, I only need the result."

"The company's financial report should be released as soon as possible after all the dividends have been paid into the account. It is not good for us to delay it for too long!"

Myron Marjorie nodded and replied: "I understand, I will urge each company to make financial reports as soon as possible."

"That's it, if you have nothing else to do, go get busy."

"The chairman, I'll go first."

After that, Myron Marjorie got up and left the office.

And Justin Kyle continued to be busy. He had to sort out to see if he could find suitable assets. He planned to rely on selling some assets to increase the company's income and make the financial report look better.

Of course, this requires finding the right assets and finding the right receiver, which is difficult to operate.

...

Half a month passed quietly.

With the assistance of a third-party accounting firm, the annual financial reports of many companies under the Wheelock consortium have been completed.

After entering January 1985, United Dock Company, Real Estate Trust Company, Lane Crawford Retail Company, Federal Real Estate Company, Heung Kong Undersea Tunnel Company and other companies have released their 1984 annual financial reports.

All five companies are profitable.

Even United Docks, the worst profitable company, remained profitable.

At the same time as the release of the financial report, each listed company issued a dividend announcement plan at the same time, and indicated that the process will be followed in the near future.

If you want to distribute dividends, in addition to the announcement of dividend distribution announcements, the board of directors must first review and form a resolution, and then submit it to the general meeting of shareholders for approval before it can be officially implemented.

After the news came out, there was no heated discussion.

Because it is normal for Hong Kong-listed companies to distribute dividends every year, the exchanges have very strict requirements for dividends.

However, it did not cause a heated discussion, but it attracted the attention of Xia Yu.

It should be said that Xia Yu has been staring at these companies for a long time, and he is waiting for this time.

The financial reports of these five companies were immediately collected by the people below and handed over to him.

Xia Yu watched the annual financial reports of these companies with interest while drinking tea.

United Dock Company, in 1984, the annual turnover was 1.372 billion Hong Kong dollars, the net profit was 121 million Hong Kong dollars, and the net profit rate was 8.82%.

Real Estate Trust Company, in 1984, the annual turnover was 1.457 billion Hong Kong dollars, the net profit was 269 million Hong Kong dollars, and the net profit rate was 18.46%.

Lane Crawford Retail Company's annual turnover in 1984 was HK$981 million, with a net profit of HK$148 million and a net profit margin of 15.09%.

Federal Real Estate Company, in 1984, the annual turnover was 1.689 billion Hong Kong dollars, the net profit was 257 million Hong Kong dollars, and the net profit rate was 15.22%.

In 1984, the annual turnover of Heungkong Undersea Tunnel Company was 854 million Hong Kong dollars, the net profit was 177 million Hong Kong dollars, and the net profit rate was 20.73%.

Xia Yu calculated in his heart and found that the total turnover of these five companies reached 6.353 billion Hong Kong dollars, the total profit was 972 million Hong Kong dollars, and the average net profit margin was 15.3%.

This net profit margin, among all the companies in Heung Kong, is considered a medium level, at least outperforming the current bank interest rate.

These five companies, like those of Xia Yu, are in the billions at every turn.

Companies with a market value of tens of billions of Hong Kong dollars are definitely incomparable.

However, companies such as Galaxy Film Company, Jiuding Shangri-La Hotel Group, and Nakato Gas Company are all leaders in various industries, but only a very small number of them exist.

On the contrary, these five companies, such as United Dock Company and Real Estate Trust Company, are the backbone of the stock market.

The Hong Kong stock market is a pyramid. Wheelock Shipping Company is located on the top one or two floors, while these five companies are in the middle and upper reaches of the pyramid. The bottom is basically some companies with a market value of several hundred million Hong Kong dollars.

"What is the shareholding ratio of Wheelock Shipping in these companies?"

With that said, Xia Yu searched the drawer and found the previous materials.

He wrote on the paper the shareholding ratio of Wheelock Shipping Company in these companies.

Holds a 27.8% stake in United Dock Company.

Holds a 38.2% stake in Real Estate Trust Company.

Holds a 42.7% stake in Lane Crawford Retail.

Holds a 44.5% stake in Federal Realty.

Holds a 27.9% stake in Xiangjiang Subsea Tunnel Company.

Then Xia Yu took the calculator beside the desk and kept pressing the buttons to calculate the results and record them on paper.

According to the shareholding ratio of Wheelock Shipping Company in these five companies, and then multiplied by the annual net profit of these companies, it can be concluded that if all the profits of the five companies are taken into dividends, Wheelock The amount of dividends received by the shipping company.

After some calculations, five results were obtained.

Dividends from United Dock Company received 33.64 million Hong Kong dollars.

Dividends from the Real Estate Trust Company received HK$102.76 million.

Dividends from Lane Crawford Retail Company received HK$63.2 million.

Received 114.37 million Hong Kong dollars in dividends from Federal Real Estate Company.

49.38 million Hong Kong dollars was obtained from dividends from the Xiangjiang Subsea Tunnel Company.

A total of 363.34 million Hong Kong dollars!

This is the ideal amount of dividends that Wheelock Shipping could receive!

"The Wheelock consortium has involved nearly 200 companies in total, although more than 100 of them only hold a small share of equity, and some companies are small companies, but if these companies also pay dividends, even if they do not take out all the profits Dividends, but also allow Wheelock Shipping to get a lot of money."

"Conservatively estimated, there will be more than 50 million Hong Kong dollars!"

"Then it seems that Wheelock Shipping may receive more than 400 million Hong Kong dollars in dividends, which is likely to offset the losses of the flagship shipping business."

"But if the dividends of these five listed companies are reduced, then Wheelock Shipping will not be able to avoid losses."

"Everything is planned."

Thinking of this, the corner of Xia Yu's mouth twitched.

The next thing to do is to smash the dream of Wheelock Shipping Company at a critical moment.

He secretly held 33.4% of each of the five listed companies.

With this shareholding ratio, it is possible to surpass Wheelock Shipping Company in United Dock Company and Xiangjiang Subsea Tunnel Company to become the largest shareholder, and the moment of announcement can steal the limelight.

In the other three companies, it is a little worse, but also very threatening.

However, the company's dividend distribution is not an extremely important matter, so whether it is in the board of directors or in the general meeting of shareholders, in the absence of special "Company Law" requirements, most of them are ordinary resolution matters.

So a veto of more than one-third won't work here.

As long as the board of directors and the general meeting of shareholders pass by 50% of the votes, it can be voted through.

Because re-election of the board of directors is very troublesome, now Wheelock Shipping also dominates the boards of these companies.

Therefore, in terms of the board of directors, Xia Yu did not intend to block it. Anyway, he had to pass the shareholders' meeting in the end.

As long as the general meeting of shareholders does not pass the vote, it is useless even if the board of directors passes the vote. Of course, it is absolutely impossible. Now the original director who holds voting rights on behalf of Xia Yu must vote against it, otherwise it will be abnormal. .

"Next, you need to do a lot of work in private."

"Immediate benefits or long-term benefits?"

"Go with the Jiuding Consortium or with the Wheelock Consortium?"

"I think as long as you're not stupid, you should know how to choose, hehe..."

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