Rebirth of the Strongest Tycoon
Vol 3 Chapter 1354: Immediate benefit or long-term benefit?
"Chairman, I understand what you mean."
"The work pressure in this area will be great, and the time will be relatively short. As far as I know, several companies in the past only released their financial reports in February and March."
"We are now going to advance the release of the financial report to the beginning of January. I only rely on the financial staff of each company. I am not absolutely sure."
"I suggest hiring a third-party accounting firm to assist and speed up work efficiency."
Myron Marjorie replied solemnly.
Justin Kyle immediately approved, and once again urged: "You watch and deal with it yourself, I leave it to you to take charge of it, I only need the result."
"The company's financial report should be published as soon as possible after all the dividends have been paid. It is not good for us to delay it for too long!"
Myron Marjorie nodded and replied: "I understand that I will urge all companies to make financial reports as soon as possible."
"On this matter, if you have nothing else, just go and work."
"Then chairman, I'll go first."
After that, Myron Marjorie got up and left the office.
But Justin Kyle continues to get busy. He has to sort out and see if he can find suitable assets. He intends to increase the company's revenue by selling some of the assets and make the financial report look better.
Of course, this requires finding the right assets and finding the right taker, which is difficult to operate.
...
Half a month's time 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 Dockyard Company, Real Estate Trust Company, Lane Crawford Retail Company, Federal Real Estate Company, Xiangjiang Undersea Tunnel Company and other companies released their 1984 financial reports.
All of these five companies have achieved profitability.
Even the United Dockyard, which is the worst profitable company, remains profitable.
At the same time as the financial report was released, each listed company simultaneously issued a dividend announcement plan and indicated that it would follow the process in the near future.
In order to distribute dividends, in addition to the announcement of dividends, 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 formally implemented.
After the news came out, there was no heated discussion.
Because it is normal for Hong Kong-listed companies to pay dividends every year, the exchange has very strict requirements for dividends. Unlike the big A in the past, it is a tear to talk about it.
However, it did not cause heated discussion, but it attracted Xia Yu's attention.
It should be said that Xia Yu has long been staring at these companies, and he is waiting for this time.
The financial reports of these five companies were collected by the people below and handed over to him.
While drinking tea, Xia Yu looked at the annual financial reports of these companies with interest.
United Dock Company, 1984 annual turnover of 1.372 billion Hong Kong dollars, net profit of 121 million Hong Kong dollars, net profit margin of 8.82%.
The Real Estate Trust Company had a turnover of 1.457 billion Hong Kong dollars in 1984, a net profit of 269 million Hong Kong dollars, and a net profit margin of 18.46%.
Lane Crawford retail company, in 1984 annual turnover of 981 million Hong Kong dollars, net profit of 148 million Hong Kong dollars, and a net profit margin of 15.09%.
The Federal Real Estate Corporation had a turnover of 1.689 billion Hong Kong dollars in 1984, a net profit of 257 million Hong Kong dollars, and a net profit margin of 15.22%.
Xiangjiang Undersea Tunnel Company had a turnover of 854 million Hong Kong dollars in 1984, a net profit of 177 million Hong Kong dollars, and a net profit margin of 20.73%.
Xia Yu calculated a little in his mind and concluded 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 is considered to be a medium level among all Xiangjiang companies, and at least it outperforms the current bank interest rate.
These five companies are definitely incomparable to Xia Yu's companies with a market value of several billions and tens of billions of Hong Kong dollars.
However, companies such as Galaxy Film Company, Jiuding Shangri-La Hotel Group, and Nakato Gas Company are all leaders in various industries, and they are only a few of them.
On the contrary, five companies, such as United Dockyard Company and Real Estate Trust Company, are the backbone of the stock market.
The Hong Kong Stock Market is a pyramid. Wheelock Shipping is located on the top one or two floors. These five companies are in the middle and upper reaches of the pyramid. The bottom ones are basically companies with a market value of several hundred million Hong Kong dollars.
"What is the percentage of shares held by Wheelock Shipping in these companies?"
As he spoke, Xia Yu searched in the drawer and found the previous materials.
He wrote on the paper the percentage of shares held by Wheelock Shipping in these companies.
Holds a 27.8% stake in United Dockyard Company.
Holds a 38.2% stake in the Real Estate Trust Company.
Holds 42.7% equity in Lane Crawford Retail Company.
Holds 44.5% of the shares of Federal Real Estate Corporation.
Holds 27.9% of the shares of Xiangjiang Undersea Tunnel Company.
Then Xia Yu took the calculator by the table, pressed the buttons repeatedly, calculated the results and recorded them on the paper.
According to Wheelock Shipping’s shareholding ratio in these five companies, multiplied by the annual net profit of these companies, it can be concluded that when all the profits of the five companies are paid dividends, Wheelock’s The amount of dividends earned by the shipping company.
After some calculations, five results were obtained.
Received 33.64 million Hong Kong dollars in dividends from United Dockyard Company.
Received HK$12.76 million in dividends from the real estate trust company.
Received 63.2 million Hong Kong dollars in dividends from Lane Crawford Retail Company.
Received 114.37 million Hong Kong dollars in dividends from the Federal Real Estate Corporation.
Received 49.38 million Hong Kong dollars in dividends from the Xiangjiang Undersea Tunnel Company.
A total of 363.34 million Hong Kong dollars!
This is the amount of dividends Wheelock Shipping Company can get under the most ideal situation!
"Wheelock consortium involved nearly two hundred companies. Although more than one hundred of them hold only a small share of shares, and some companies are small companies, if these companies also pay dividends, even if they don’t take out all the profits, Dividends, but it can also allow Wheelock Shipping to get a lot of money."
"It is conservatively estimated that there will be more than 50 million Hong Kong dollars!"
"So it seems that Wheelock Shipping Company may receive more than 400 million Hong Kong dollars in dividends, which is very likely to offset the losses of its flagship shipping business."
"But if the dividends of these five listed companies are reduced, then Wheelock Shipping's losses will not be avoided."
"Everything is in plan."
Thinking of this, the corner of Xia Yu's mouth was curved.
The next thing to do is to break the dream of Wheelock Shipping Company at a critical moment ~www.readwn.com~.
He secretly holds a 33.4% stake in each of the five listed companies.
With this shareholding ratio, it can surpass Wheelock Shipping Company and become the largest shareholder in the United Dockyard Company and the Hong Kong Undersea Tunnel Company, and it can take the limelight at the moment of announcement.
In the other three companies, it is still worse, but it will also be extremely threatening.
However, company dividends are not an extremely important matter. Therefore, whether it is at the board of directors or the general meeting of shareholders, most of them are ordinary resolutions without special requirements of the Company Law.
Therefore, more than one-third of the veto power does not work here.
As long as the board of directors and the general meeting of shareholders pass 50% of the votes, it can be approved by a vote.
Because it is very troublesome to re-elect the board of directors, Wheelock Shipping also dominates the boards of these companies.
Therefore, regarding the board of directors, Xia Yu did not intend to stop him, anyway, he would have to pass the general meeting of shareholders 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 approves unanimously. Of course, unanimous votes are absolutely impossible. Now the original director who holds voting rights for Xia Yu always has to vote against it, otherwise it will be abnormal. .
"Next, you need to do a lot of work in private."
"The immediate interests or the long-term interests?"
"Follow the Jiuding Consortium or follow the Wheelock Consortium?"
"I think as long as you are not stupid, you should know how to choose, hehe..."
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