v3 Chapter 732： Hutchison Whampoa Slimming (2/2)

Xia Yu had notified them more than 20 days in advance, so everyone was fully prepared to take shortcuts and grow the company he manages. At this time, the statement was naturally very process.

As long as the reasons are sufficient, Xia Yu directly makes a decision on the spot to determine attribution.

If there is any dispute, put it aside for further discussion.

The efficiency of negotiation was very high, and the ownership of 38 companies was decided in one morning.

At noon, the company’s dining hall will have meals at one point in the afternoon and continue in the morning.

Three days passed in a flash.

At 5 o'clock in the afternoon on November 22, the high-intensity split meeting finally ended.

Hutchison Whampoa, which owns more than two hundred companies, has taken a major lean. At this time, only 52 companies were born. There are so many left. It is because the business of Hutchison Whampoa is too complicated. Many companies under the Jiuding Consortium did not Involved in those industries, so there is no legitimate reason to divide the company more.

The most prominent core companies of Hutchison Whampoa only retain Hutchison Whampoa Port Company and Hutchison Whampoa Real Estate Company.

But the retail business was split, and Watsons Group was split up and merged with Wanning Pharmacy to form a new company, Jiuding Fitness Company. Jiuding Fitness Company has two brands, Wanning Pharmacy and Watsons, and plans are made within the company to make differences. Intensified competition is conducive to market competition.

After being stripped out, Parkn’s supermarkets were all merged into Wellcome’s supermarkets. All existing Parkn’s supermarkets were renamed as Wellcome’s Parkn’s supermarkets. In the future, only Wellcome’s supermarkets will be opened instead of Wellcome’s Parkn’s supermarkets.

The reason why the fortunes of PARKnSHOP is different from that of Watsons Group is that, unlike Watsons Group, PARKnSHOP has not been established for a long time, and its background is not as deep as Watsons Group.

Furthermore, the supermarket market is more competitive. The English name of Wellcome Supermarket is better than that of Baijia Supermarket, which is more advantageous when competing abroad.

It is worth mentioning that Hutchison Whampoa originally held 49% of the shares in the Sheraton Hong Kong Hotel. This part of the shares was transferred to Jiuding Property Group.

Jiuding Real Estate Group established a separate Jiuding Hotel Management Group ~ The Marco Polo hotel brand acquired from the previous acquisition of Wharf, the Mandarin Hotel brand acquired during the acquisition of Land Group, and now Xiangjiang The shares of Sheraton Hotel are all assigned to Jiuding Hotel Management Group for unified operation.

Of course, Hutchison Whampoa is not only divided, there are still some gains.

That is, the strength of Hutchison Whampoa Port Company has greatly increased.

Xia Yu directly decided to merge the Wharf Wharf Terminal Company, which owns three ports, into Hutchison Whampoa Port Company, making the latter immediately own 17 of the 24 Hong Kong terminals, monopolizing 70% at one fell swoop. Market.

As a result, Hutchison Whampoa will have the supreme deterrence in the field of Hong Kong ports, Taikoo Dockyard Company will be overshadowed, and it will lose the possibility of competing with Hutchison Whampoa.

Yang Dajun, former general manager of Wharf Wharf Company, has another appointment.

The two originally owned by Wharf Terminals, HeungKong Tram and Star Ferry (which has merged with HeungKong and Yau Ma Tei Ferry), were merged to form Jiuding Transportation Company.

In Xia Yu’s view, the splitting conference now appears to be a success. Hutchison Whampoa’s weight loss has been successful, leaving only two core business ports and real estate. Hutchison Whampoa Port Co. owns a large amount of land and is owned by Hutchison Whampoa Real Estate. Laid a solid foundation.

At this time, Hutchison Whampoa Real Estate Company can definitely squeeze into the top ten in the Hong Kong real estate industry. Coupled with Xia Yu's original ownership of Jiuding Real Estate Group, the first in the real estate field, Xia Yu's voice in the real estate industry has once again strengthened.

Other companies have their own gains. After so many companies have been annexed, they will definitely find ways to turn losses into profits. They also have the strength and energy to do it.

With the news that Hutchison Whampoa was divided, the attention of various media and bigwigs was attracted, and the reactions were mixed, but Xia Yu no longer cared about this.