Reborn in Hong Kong: The Tycoon Grows Up

It was still some time before dinner, and Bao Zixuan and others began to prepare for the board meeting. It mainly summarizes the work of Baohuodong Mining Company for the past year, as well as the development and expansion plans for next year.

Everyone who has been here knows what is going on. There are not many opportunities for us to meet each other. The main reason is that everyone is too busy and has a huge company to manage. Being able to get together at Huo Yingdong's house this time is a good opportunity. Mr. Huo also wants everyone to come over. The convening of the board of directors involves huge interests, so he doesn't dare to find excuses even if he doesn't come.

Huo Yingdong arranged for the eldest son to accompany other tycoons. Although it was a bit rude, he didn't care about that much at the moment. Time is running out and not everyone will go to China. For example, Ye Deli is not planning to go there. He mainly runs the casino business, which is a prohibited industry in mainland China.

When we arrived at the Huofu conference room, the staff had already prepared the projector. Bao Zixuan carries his computer with him, and the data of Bao Huodong Mining Company is both in the computer and in his mind.

Huo Yingdong insisted on giving up the throne to Bao Zixuan, even though it was in his home. But now Bao Huodong Mining Company is holding a board meeting, and as the person in charge of the company and the largest shareholder, Bao Shaofu should sit at the top.

Those who came to attend the meeting were all shareholders of Baohuodong Mining Company. Since the relationship had eased, the chartering king reappeared on the board of directors. This is a situation that everyone wants to see. After all, disagreement among directors is very detrimental to the development of the company.

Bao Zixuan turned on his computer and connected it to the projector. He wanted to report to shareholders on the company's development and revenue over the past year, as well as its expansion plans for next year.

Bao Zixuan said with a smile: "I have long wanted to report the revenue status of Baohuodong Mining Company to everyone, but it is too difficult to get everyone together. This time, we just have this opportunity, and we will hold the meeting at Mr. Huo's residence. An interim board.”

"The main revenue of Baohuodong Mining Company last year was from the export of rare earths; our sales of rare earths last year were US$32.8 billion, and the profit after excluding all expenses was US$13.9 billion. The pricing power of rare earths is in our hands, and the sales price this year will be higher than last year's Improve it by 3 points on the basis.”

"In addition, the first two phases of our steel plant have been fully put into production. Last year, the annual output of high-quality steel was 6.7 million tons, and the profit after excluding all expenses was 3.2 billion Chinese dollars. This is mainly because we are constantly expanding our factories and making other investments in the local area. Profits will rise further after the third phase is completed this year.”

"That is to say, the company's profit this year is 13.9 billion U.S. dollars and 3.2 billion Chinese currency. As for each financial expenditure, data will be sent to you. I won't introduce too much here. You can go back and take a look. If you have any questions, you can ask them. Let’s figure it out together.”

When Bao Zixuan saw the revenue data, he thought he had seen it wrong. No one would have thought that Baohuodong Mining Company was so profitable; even if the money printing machine was turned on, it could not print money so fast.

In fact, the most important reason is the exclusive business. 80% of the world's rare earths are produced by Baohuodong Mining Company, which has a high degree of monopoly in the world. Moreover, Bao Zixuan is a ruthless person and strictly controls the price of rare earths.

Even when Heiyun Group purchases rare earth raw materials from Baohuodong Mining Company, the prices are the same, but they only have priority. This makes it difficult for other shareholders to say anything. After all, Bao Zixuan is like this. Are you more special than Bao Zixuan?

Bao Zixuan continued: "To be honest, I didn't expect this company to be so profitable, but since it has already made money, everyone is lucky. In addition, we can't put so much money on the account. This is a serious waste of resources."

"So there will be two options for everyone to choose from. One is to use US$10 billion as shareholder dividends, and the rest as backup funds. Anyone can apply for it, and as long as the project is reasonable, there will be no problem."

"The second is to only use US$5 billion as shareholder dividends, and the remaining funds will be used to purchase oil fields in the Middle East. With the popularity of automobiles, the demand for oil will be huge in the future, and we can buy it now while the price is not too high. As a mining company, we We must ensure the diversification and continuity of mining development. One day, rare earth resources will be mined out. What will we do then? Will we just watch the company go bankrupt? Only by taking precautions can we continue to develop the company."

Dong Haoyun said with a smile: "Xiao Bao, this is the first time I have made so much money in decades of business. Just do what you say. Your decision is the decision of our Dong family, and we will never say anything about it."

The chartering king continued: "I agree with Mr. Dong. Since Mr. Baosheng wants to buy oil fields in the Middle East, it definitely makes sense. The Bao family firmly supports it."

After hearing that the two major shareholders have expressed their stance, others know that it is useless to object. After all, the shares have exceeded half, and they can only listen.

Bao Zixuan: "There is a war in the Middle East. There will definitely be risks in buying oil fields in the past. If there are problems then, don't blame me. After all, losing money is a trivial matter. No amount of money can buy back our harmed peace."

Huo Yingdong: "This company was established at your call, and you decide the development plan. There is nothing mean at the moment, and you are the company's largest shareholder. I believe you will not harm the company's interests."

The rare earth trading itself was even more profitable than this. Huo Yingdong and Bao Zixuan negotiated a large tax concession, and also made a lot of efforts in donating money, building roads, and improving the living environment in the local area, otherwise the profits would definitely be more than this.

Bao Zixuan's approach satisfied China Mainland and also pleased Huo Yingdong. Therefore, when he proposed to purchase the oil field, he did not hesitate and firmly supported it.

Li Chaoren also smiled and said: "I firmly support you, Mr. Baosheng. With a dividend of 5 billion US dollars, we can have a good year."

Li Chaoren used land to return part of the equity. Now that the company's data is so impressive, Li Chaoren feels that he has taken a big advantage this time. Moreover, there was an agreement that all dividends from the transferred shares would go to Li Chaoren, which was tens of millions of dollars in vain.

Ye Deli smiled and said, "You can just do whatever you want, Xiaobao! I don't have any objections. It seems that the dividends from this company are enough for my expenses, and I can find a lot more girlfriends."

Only Zheng Yutong had some opinions here, he just didn't want to see Bao Zixuan feel uncomfortable or listen to Bao Zixuan's yelling. But seeing that almost all shareholders supported this kid, I had no choice but to give up this time and wait for a suitable opportunity to take action. As long as he is caught, he must give up the management rights of the company. This is a hen that lays diamond eggs.

Bao Zixuan: "In this case, I will investigate the distribution of oil resources in the Middle East in advance. Since there are oil fields, there will definitely be a need for refinery companies. Mr. Huo can discuss with China to see where is suitable for building a petrochemical plant."

"In addition, we want to build our own gas station in Xiangjiang so that the citizens of Xiangjiang can use gasoline with reliable quality and low price. Li Sheng's China Gas can also use our own natural gas. At the same time, Mr. Dong and the chartering king will see if they can When more tankers come out, our own cargo must be prioritized for transportation."

"At the same time, the extra asphalt produced during the oil refining process can be used to build roads. Whether it is in Xiangjiang or mainland China, it depends on whether Hu Sheng can find more roads for us to build."

"Petrochemicals can also produce plastic products, which can be provided to Da Li Sheng. Now look at who wants to set up a sponge and paint company in China. We have enough raw materials."

All shareholders were even more excited when they heard that there were so many benefits to entering the petrochemical industry. It seems that opening a factory is really profitable. At least it makes them feel that they have a better future than real estate. Who knows that there is a real estate crisis in Hong Kong now!

Bao Zixuan continued: "Then the dividend will be distributed according to US$5 billion. Let's confirm the figures."

The staff took the dividend report and asked all the tycoons to sign it. In fact, they prepared two sets of plans. Just wait for the resolution at the shareholders' meeting to come out before taking it out.

Everyone was very happy after seeing the data. Bao Zixuan held 33.5% of the shares and the dividend amount was US$1.675 billion; Fok Yingdong held 27% of the shares and the dividend amount was US$1.35 billion; Bao Yugang held 18% of the shares and the dividend amount was US$900 million. ; Dong Haoyun holds 10% of the shares, with a dividend amount of US$500 million; Zheng Yutong holds 4% of the shares, with a dividend amount of US$200 million; Hu Yingxiang holds 2% of the shares, with a dividend amount of US$100 million; Stanley Ho, Li Chaoren, and Ye Deli respectively hold 1.5% of the shares, with a dividend of US$75 million. Lee Shau Kee holds 1% of the shares and will receive a dividend of US$50 million.

After signing the confirmation form, Bao Zixuan said with a smile: "The funds will be transferred to your accounts tomorrow, please don't worry."

At this time, Lee Shau-kee suddenly said: "I am the only one with the smallest shares here. Are you trying to give me a share? You can't let me be the smallest shareholder alone. A small share is a small share. It doesn't look good to be ranked last every time." "

After he said this, everyone laughed, but Bao Zixuan felt that this might be an opportunity. So he said: "Li Sheng, if I have time the day after tomorrow, I will come to see you and have something to do. We can have a good chat."

It can be said that many people find it incredible that Bao Zixuan really wants to sell part of its shares; that would be a huge loss. But after all, this is a private matter. Even if you want to dissuade him, you can't do it in front of Lee Shau Kee. Wouldn't that offend people?