Chapter 1283 Yang Ming meets the third generation head of the Guo family!

In 1973 and 1981, Yongan Group had two major developments in the real estate industry. Unfortunately, it missed development opportunities due to timing, resulting in limited development.

In 1973, Wing On transformed the Wing On Department Store building located between Central and Sheung Wan into a modern commercial building - Wing On Center to raise funds through stock splits, bonus shares and rights issues.

However, due to the sharp fall in the stock market and rising interest rates, the development costs of Wing On Center were higher than expected, and the rental income after completion was lower than expected.

In 1981, Wing On Group acquired Fudu Hotel and spent HK$230 million to purchase some floors of Wing On Plaza shopping mall in East Tsim Sha Tsui and Nanyang Center. As a result, the stock market and real estate collapsed.

Both major developments were far from satisfactory.

Entering the 1980s, the second generation of the Guo family, including Guo Linbao and Guo Linshan, all passed away one after another, and Yongan Group entered the period of the third generation of the Guo family at the helm.

Unfortunately, at this time, Yongan Group was already a bit sluggish and contented. In Yong'an's business, except for the Yong'an Department Store, which has made some progress, other banks and life insurance companies are in decline.

As one of the four major companies in Hong Kong in the past (Xianshi, Wing On, Dah Sun, and Chung Hwa Department Store), Wing On's social status has declined rapidly. Under such circumstances, Yongan Group was inevitably attacked by emerging forces.

The predecessor of Yongan Group is Yongan Life Group Co., Ltd., which was established in January 1973 to coordinate the independent affiliated companies of Yongan and become the holding institution of the entire family business.

In August of the same year, Yongan Life Group was listed in Xiangjiang. At that time, Yongan Life mainly wholly owned Yongan Life Insurance Co., Ltd. and Yongan Real Estate Securities Investment Co., Ltd., and later acquired from major affiliated companies. It successively owned 72.89% of Yongan Water and Fire Insurance, 30% of Yongan Bank, and Yongan Company (operating company). Department Store, which was listed in Hong Kong before the war) 20.19% stake, and 30% stake in Yongyuan Estate.

In June 1974, in order to strengthen unity and overseas ties, Wing On Life exchanged shares with Overseas Chinese Bank of Singapore. The latter obtained 25% of Wing On Life's equity and became the second largest shareholder.

At this time, Wing On Life also developed into a diversified holding company. In 1981, Yongan Life Insurance was officially renamed Yongan Group Co., Ltd., initially completing the reorganization of the old family business.

In 1983, Guo Linshan passed away. Guo Linbao's eldest son, Guo Zhiquan, a Ph.D. in physics from Harvard University in China and a former researcher at the IBM Research Center, became the chairman of the board of directors of Yongan Group. Yongan officially entered the third generation of the Guo family at the helm.

During this period, Yongan Group's business mainly included life, water and fire insurance, securities investment, financial futures, banking and the department store business operated by its subsidiary Yongan Company. However, among these businesses, except for the department store industry, which is still okay, other financial futures, insurance, banking, etc., have lost a lot of money in a muddle-headed manner.

On the one hand, it was precisely because of the long-term losses that his own strength was greatly damaged, which allowed Zheng Yutong and others to see an opportunity.

On the one hand, the current rise in land prices and properties in Xiangjiang has aroused the covetousness of Zheng Yutong, Li Jiacheng and others.

However, now that Guo Zhiquan has talked with the Zheng family and others, Zheng Yutong and others feel even more weak about the Guo family and Yongan Group, giving them greater confidence and opportunities.

Yang Ming sat in the car and thought of the Guo family and Yongan Group in history.

Of course, Yang Ming's every move now attracts attention.

This time, Yang Ming has been paying attention to Haojiang for so long.

Many Xiangjiang families are not afraid of anything, but they are most worried about the interference of the Imperial Group and Sir Yang.

Like this time, Zheng Yutong and others joined forces to attack Guo's Yongan Group. What they were most worried about was indeed the Imperial Group taking action.

When Yang Ming's Rolls-Royce stopped.

When he got off the car, he had already seen Lin Dezhong, Zhong Chuhong, Guan Jiahui, Lan Jieying and others.

These three women were really not used to not following Yang Ming to Haojiang this time. Now that they saw Yang Ming finally coming back, the smiles on their faces were very different.

"Master, Mr. Guo is waiting for you in the garden."

Yesterday, Guo Zhiquan had already learned that Sir Yang was coming back, so he came here early in the morning to wait for Yang Ming.

In fact, the Guo family, once one of the four major families in Xiangjiang, the earliest comprador family, and one of the four most powerful families at that time, is now far behind the Li family, which was also one of the earliest comprador families.

Now, the Lee Family is not only still known as the King of Causeway Bay in Xiangjiang, but has also taken the initiative to get closer to Yang Ming and the Imperial Group in recent years. It has opened a number of technology companies in the Xiangjiang Science and Technology Park, and has also invested heavily domestically. The Lee Family's influence in Xiangjiang is still very strong.

It is precisely because of that that no one dares to attack Li Jia.

However, the Guo family is different.

When Yang Ming and Lin Dezhong came to the garden, they soon saw a middle-aged man wearing a suit and glasses who looked polite.

This is the third generation head of the Guo family, Guo Zhiquan, a top student who returned from Harvard University.

However, it is not because he is a top student at Harvard University that he has strong management skills. On the contrary, in the past few years, Guojiayongan Group has been in his hands. In addition to losing money, it is now becoming more and more miserable.

It is obvious that the leader of Guo Jiahe Yongan Group has poor ability and poor sense of direction, and has not been able to point out the development path for Yongan Group.

"Hello Sir Yang."

Seeing Yang Ming, Guo Zhiquan hurriedly greeted Sir Yang.

Compared with the current Sir Yang and the Imperial Group, the Guo family and the Yongan Group, they are like mosquitoes compared to cattle.

The strength is too different.

Yang Ming shook hands with him and sat down.

When Lin Dezhong picked up a newspaper and handed it to Yang Ming to read, the content in the newspaper was very clear. Xiangjiang New World Group Zheng Yutong and others joined forces with many emerging Chinese families to attack the established family Guojia Yongan Group.

The above content is very detailed, and Yang Ming already knows it without Guo Zhiquan telling him.

In other words, at this time, Zheng Yutong and others want to swallow up the Guo family's Yong'an Group, just like Sima Zhao's intention is known to everyone.

"Sir Yang, I hope to keep the Guo family and the Yongan Group." Guo Zhiquan said.

Yang Ming did not agree directly.

Instead, he asked: "Your Guo family and the former Li family, Li family, He family, Zhou family, etc. are all representatives of the earliest established comprador families in Xiangjiang. Why has this problem arisen now?"

Many companies, especially Chinese companies, prosper and then decline.

In fact, one cannot be rich for more than three generations.

Although the Guo family is still very wealthy in Xiangjiang, compared with the first and second generations, each generation is really not as good as the last.

In fact, there is a big relationship here.

That is, these Chinese families are unwilling to use the professional manager model to manage the company.

Like the Guo family, they are all members of their own family who manage the company, especially the leader. However, if the leader is incompetent and the company's development path is unclear, then one generation will definitely be inferior to the other.

On the contrary, Europe and the United States like to use the professional manager model to manage companies, and the family's major shareholders try to stay out of the company as much as possible.

Guo Zhiquan has been thinking about this issue.

"Sir Yang, first of all, it's because of my personal incompetence, and then because the Guo family and Yong'an Group missed two of the best development opportunities. Also, our old family, the longer we develop, the more conservative our policies become."

This is Guo Zhiquan's idea, but he is really unwilling and does not dare to let others manage the company.