The Wealth Empire Crossing the Hong Kong

Chapter 220 Expansion Meeting
It is estimated that Horford has done too much in the Malay stock market. On March 3, he was interviewed by a high-level Malay government and suspended the trading of Xinjian Securities in Malay City for a week to cooperate with the investigation of the Kuala Lumpur Stock Exchange. .

Although Xinjian Securities operated strictly in accordance with the regulations of the Kuala Lumpur Stock Exchange, they had no choice but to face the requirements of the Malay government.

It is impossible to hit the Malay companies of the Nanyang consortium through the stock market in a short period of time. Horford can only temporarily choose to stop.

However, Horford did not let the Nanyang Consortium escape so easily. The United Success Group directly seized the control of Public Bank and kicked Zheng Hongbiao out of the management of Public Bank.

Li Jianhui read the document sent by Horford, and made a special call to tell him not to quarrel with the Halliday government for the time being, and to stop the plan to continue to suppress the stock market.

Accelerate the expansion of the Xinjian industry in the Malay market, especially the expansion of important cities such as Kuala Lumpur, Penang, and Johor Bahru.

Although the price war is old-fashioned, it is definitely useful. Li Jianhui also allowed Tesco, Success Group, and Cosway to conduct a round of price wars to seize the retail department store market in Malaysia.

Regarding Horford's mention of the person in charge of Public Bank, Li Jianhui directly appointed Luo Minjun, the general manager of Nanlong Investment Company, and asked him to raise funds to reduce Zheng Hongbiao's shares in Public Bank.

Although he has lost his position and power in Public Bank, he still has 35% of the shares in his hands. This is an unstable factor for the Xinjian Department. It is better to completely eliminate Public Bank.

As for whether Zheng Hongbiao will follow in the financing, Li Jianhui is not too worried about this. As long as this person is not a leader, he will choose to give up the shares of Public Bank.

After all, the bank can no longer intervene, and many loan facilities will disappear. If you don't give up, you will be trapped in it. It's better to sell the shares in your hand and invest in other industries.

"Li Sheng, don't worry, we will be able to firmly control the Public Bank, and we will never give Zheng Hongbiao a chance to make a comeback."

"In Malay, you should have more contacts with high-level government officials and parliamentarians, and weave a deep network of relationships in Malay, so as to reduce the interference or even suppression of our industry by the government there."

……

After hanging up on Horford, Li Jianhui went to the headquarters of Tesco Group on purpose.

Now the retail market in Southeast Asia seems to have become a fat sheep, and well-known retail companies from all sides are going here.

Wellcome, Ito-Yokado, SM Group, Wal-Mart, Carrefour, plus Tesco, Success Group, and Cosway, the retail market in Southeast Asia has become a battleground for giants from all sides.

E-buy, which is expanding in multiple places at the same time, has naturally become an opponent of various forces, facing SM Group and Carrefour in the Malay market.

In the Philippine market, it has to face SM Group and Wal-Mart. In the Thai market, it has to compete with Wellcome and Ito-Yokado. In Indonesia, it has Kmart in the United States and AEON, the largest retail group in Japan.

This is destined to be a marathon battle. It is impossible for Tesco Group to dominate the retail market in Southeast Asia. Li Jianhui just hopes to accelerate the expansion of its retail industry and improve the retail market in Southeast Asia when everyone has not expanded on a large scale. layout, so that its subsidiaries can occupy greater advantages in the future.

Last Wednesday, Lane Crawford was listed, and Tesco Group gave up 65% of the shares. These funds belong to Lane Crawford, and the listing price is also calculated after financing.

Relying on the development of Xiangjiang, Baodao and Southeast Asia, Lane Crawford was valued at 50 billion Hong Kong dollars after financing, which gave Lane Crawford an additional 32.5 billion Hong Kong dollars for expansion. As of last Friday’s close, Lane Crawford’s total market value has reached 64.95 billion Hong Kong dollars.

This is mainly because Lane Crawford's warehouse center and logistics belong to Tesco Group, otherwise the market value would be even higher.

It is estimated that only Li Jianhui can play this way of listing. E-buy Group seems to have given up 65% of the shares. In fact, 35% of the shares were taken by the little vest under his control and put on the market. The company's shares are only 30%.

At the e-buy group expansion meeting, Li Jianhui said: "At present, our main focus of Lane Crawford is to continue to develop the island and Malay markets. As for markets such as Thailand, Indonesia, and the Philippines, we will wait until the markets in these two places mature. , and increase the expansion of these places.”

After Li Jianhui lowered his decision, Wei Li made arrangements for the specific expansion. The market development in Baodao should continue to advance, ensuring that there are at least two Lane Crawford supermarkets in Taipei, Kaohsiung, Taichung, and Tainan cities, or It is a hypermarket, and there must be at least one in other counties and cities.

On the Malaysian side, it is also necessary to ensure that there is at least one Lane Crawford supermarket in each county and city, and at least two to three in key central cities.

At the same time, choose suitable places in Taipei and Kuala Lumpur to establish Lane Crawford one-stop shopping centers to enhance customer shopping experience.

There are three main levels of Lane Crawford stores. The lowest level is the general supermarket. The main products are fresh agricultural products and daily necessities.

The medium ones are the hypermarkets, which not only include fresh agricultural products, but also clothing, bags, large home appliances, children’s toys, gold jewelry, etc. The variety of sales is much more than that of ordinary supermarkets.

A one-stop shopping center has a larger business area and more categories than a hypermarket, and customers are not only shopping, but also eating, drinking and having fun here, a bit similar to Wheelock Plaza.

However, Lane Crawford Shopping Center is only a single building, and its area is far from being comparable to Wheelock Square. Moreover, the industries in Lane Crawford Shopping Center are basically operated by the Xinjian Department and allies, and will not attract foreign investment.

Under Li Jianhui's banner, major companies don't have to worry about having too much money in their accounts, no amount of money will be enough under Li Jianhui's plan.

At the same time, Li Jianhui also made arrangements in advance for the follow-up development of Watsons. Watsons will be listed on the Far East Exchange this Wednesday.

Although Watsons cannot be compared with Lane Crawford, but after giving up 65% of the shares, the post-financing valuation still reached 30 billion Hong Kong dollars.

On the Watsons side, what Li Jianhui mentioned was not the expansion of stores, but the expansion of the upstream industry chain.

Cosmetics, perfume, beauty, health care products, etc. Li Jianhui hopes to be able to grasp these in his own hands, so that Watsons can operate them exclusively to control the dominant power.

As for beverages, electronic products, foreign wine, etc., there is no need for Watsons to worry about it. The Xinjian Department or the Donghua Consortium will do it.

Wei Li said: "Li Sheng, I suggest that the expansion in this area be done by the group, or that Xinjian Group should set up another company. I think Watsons should mainly operate retail."

Wei Li does not want Tesco Group to follow the old path of Hutchison Whampoa. In the past, Hutchison Whampoa had too many industries in various fields, which led to problems in development.

He also knows the benefits to the company of having the upstream product chain in his hands, but he doesn't want Watsons, which operates retail, to manage the R&D and production of upstream products.

Li Jianhui agreed to Wei Li's proposal after a little consideration. The group will build these industries, and Watson's funds, like Lane Crawford, will be used to accelerate expansion in the Southeast Asian market.

(End of this chapter)