The Wealth Empire Crossing the Hong Kong

Chapter 216 Horford Hands On

When everyone thought that Li Jianhui was focusing on Xiangjiang, in Malay, after nearly two months of planning, Horford finally launched an attack on the Malay forces of the Nanyang consortium.

Affected by the large number of shares once held in hand, the Malay stock market fell for a week in a row.

The news that is not good for Genting Group, Public Bank, IOI Group, Glass Plantation Company, and Malay Flour Company is also one after another.

In contrast, Cosway, Berjaya Group, and Sunway Holdings have acquired one company after another, including banks, sugar, grain and oil, hotels, real estate, retail, plantations, etc.

Among them, the Tianyuan Hotel, which is a cooperation between Berjaya Group and Malay 14k, dealt a heavy blow to Genting Group, causing its performance to directly decline by nearly 50%.

With the excellent experience of Haojiang Tourism and Entertainment Company, the opening of Tianyuan Hotel can be said to be smooth, attracting countless wealthy people to visit here.

With the expansion of Tesco Group and the accelerated development of Berjaya Group and Cosway, the department store retail market in Kuala Lumpur and surrounding areas has been dominated by three major companies.

Moreover, several major companies are currently accelerating their deployment in various regions of Malay, which is a huge disaster for Kerry.

These major companies have not conducted any cooperation with Kerry at all. As the market grows larger, the corresponding Kerry partner market is getting smaller and smaller, and the sales of Kerry's own products in Malaysia are continuing to decline.

Maybank, OCBC Bank, Public Bank, etc., also because of the rapid expansion of Xinjian Bank in Kuala Lumpur, customers suffered heavy losses. The savings interest rate is higher than them, and the loan interest rate is lower than them. Citizens in Kuala Lumpur will naturally choose Xinjian Bank instead of them. .

Faced with Xinjian Bank’s actions, the major banks in Kuala Lumpur had to adjust their deposit and loan interest rates. It is not that they have no power to seek out the Kuala Lumpur and Malay governments, hoping that the government will come forward to stop Xinjian Bank’s behavior, but unfortunately the government did not. bother.

Horford gave an extremely just reason, the low loan interest rate is to better help the development of Malay enterprises.

As for the deposit interest rate being higher than that of major banks, it is because Xinjian Bank has confidence in its own profitability, and it also allows Malay citizens to enjoy the dividends brought by the development of Xinjian Bank.

In the conference room of the Garden Hotel in Kuala Lumpur, Lin Wutong said in a deep voice: "Everyone, we can't be passively beaten like this. We must fight back against the Xinjian Department to let them know that we are definitely not a fish to be slaughtered. Thus forcing the Xinjian Department to stop its actions against us."

His Lin family mainly relies on Yunding Tourism and Entertainment Company. Now the Chenggong Group operates Tianyuan Tourism and Entertainment Company and opens Tianyuan Luxury Hotel, copying Haojiang Tourism and Entertainment Company's set, which has caused him a very serious loss of customers in Yunding, especially high-end customers. loss.

These are the God of Wealth of Genting Group, without them, Genting Group is nothing.

Even if he reported to the government that there were illegal transactions in Tianyuan Hotel, especially the waiters in Tianyuan Hotel, who were not just ordinary service personnel, it was a pity that it would not have any effect.

On the contrary, there are many rich and wealthy people who come here just to admire the beauties from various countries, and those who are interested will have in-depth exchanges with them.

It's not just Lin Wutong who is having a hard time alone, Zheng Hongbiao is also in trouble. This time, the Xinjian Department is mainly targeting him at the Public Bank.

If Xin builds a department and smashes public banks like Genting, IOI and other companies, he will not be so troubled.

However, Xinjian is completely different from Public Bank. It has been continuously buying shares in Public Bank, and is currently the second largest shareholder of Public Bank with 28.7%.

But he is not too worried about this. Berjaya Group holds 18.4% of the shares and becomes the third largest shareholder of Public Bank.

Although it seems that the Chenggong Group has nothing to do with the Xinjian Department, they are very clear that Li Jianhui is standing behind the Chenggong Group, and the so-called Nanlong Investment is just a vest of Li Jianhui.

The second largest shareholder plus the third largest shareholder have far exceeded 35% of his shares. It is not impossible to kick him out of Public Bank if he unites with several shareholders.

In order to avoid losing control of his main assets, as soon as Lin Wutong finished speaking, Zheng Hongbiao echoed: "Wu Tong is right, we can't tolerate this anymore, we must fight back, otherwise our industry will be afraid It will be taken away or closed down soon.”

Others present also felt the crisis. Li Jianhui seemed to have no intention of competing with the Xiangjiang United Consortium on a large scale because of the attitudes of the British government and the Brian government, and focused on their Nanyang consortium.

This shot can be said to be quite ruthless, suppressing their company from two aspects of the market and the stock market, and they currently have no good way to fight back.

Li Shenjing, president of IOI, said: "The biggest pressure on us now is market competition, and the real estate and hotel industries are not very threatening.

Now it is mainly the retail department store market and the financial market. Relying on the three major groups of Tesco, Success Group and Cosway, the Xinjian Department continues to develop in the Malay market, which has led to the companies that cooperate with them, such as Taoda. Because of these three It is constantly seizing Kerry's market.

In addition, these companies in Malaysia that cooperate with several major companies have also transferred their banking business to Xinjian Bank, resulting in the loss of several major banking businesses.

Personally, I suggest entering the retail market and competing with the Xinjian Department. As long as we stand firm in this area, we don’t have to worry about other industries being targeted. "

The others had no other options. Although they didn't feel that their entry into the retail department store market would pose any threat to the Xinjian Department, they still wanted to give it a try.

Yunding Group directly copied the operation of Tianyuan Hotel. The other party can hire beauties from all over the world to work in the hotel with high salaries, and Yunding can do the same.

As for the bank, they can only keep up with the pace of Xinjian Bank, and they don't believe that the Xinjian Department dares to continue to consume like this.

In terms of retail, they will introduce SM Group from the Philippines. The helm is Shi Zhicheng, who is also from Fujian Province and a member of the Nanyang Consortium.

They are ready to work together to support SM Group to compete with Xin Jian Department for the retail market in Asia, and prevent Xin Jian Department from using this as a spear to rapidly expand in Southeast Asian countries.

At the same time, we will contact the Xiangjiang United Consortium, hoping that they can put pressure on the Xinjian Department in Xiangjiang, so that the Xinjian Department cannot concentrate on targeting them in the Southeast Asian market.

However, Horford did not give them much time. While they were still in the hotel, the general manager of Tesco Malay Company announced that the company planned to invest [-] million Hong Kong dollars to enter the Penang market.

This is one of the strongholds of the Nanyang Consortium, where many core members of the Nanyang Consortium started their businesses.

Tesco Group's entry into this market this time is definitely a provocation to the Nanyang Consortium.

Once the Penang retail market is also occupied by the Tesco Group, then in the Malaysian retail department store market, there will be no Nanyang consortium.

(End of this chapter)