We are all reborn, who wants to be the richest man?

Chapter 131 No Money

The three of Luo Nianzhong reached some agreements, and all parties in this conversation were satisfied with their gains.

Li Bancheng's speed of action can be described as lightning. As soon as Luo Nianzhong asked Far East Bank to give Cheung Kong a HK$15 billion loan, he started taking action against Kowloon Bus in the stock market.

As for China Gas, Uncle Li's start was different from Li Bancheng's. He was much more tolerant in handling the acquisition of China Gas.

Luo Nianzhong didn't pay too much attention to these two acquisitions. He just waited for the results. He had other things to be busy with.

As Double Day approaches, Far East Group has integrated some of its companies and launched a wave of promotional activities.

We have launched Honor electronic packages, Hitachi home appliance packages, etc., and the maximum discount is equivalent to a 10% discount.

You must know that the items in these packages are all the latest products, so it is great to have discounts.

The reason for such a drastic reduction in prices for activities is also very simple, because Luo Nianzhong is short of money.

Yes, I’m just short of money. Doesn’t it feel ridiculous?

The entire Far East series of products is in short supply, and Honor Technology is comparable to a money printing machine. How can it be short of money? The more you make, the more you spend.

The US$12 billion investment in Temasek Holdings has been received.

Far East Group did not invest much in the first phase of investment in Temasek. In addition to establishing a semiconductor laboratory and Far East Software Branch, it also established a top chip factory in Asia in Temasek.

As the YRM processor became famous along with Honor Computer, its performance has been recognized by all manufacturers.

Nowadays, computers with YRM processors are the symbol of mid-to-high-end computers. If your computer does not have a YRM processor, it will not be recognized by consumers if the price exceeds 1300 US dollars.

This allowed major manufacturers to make their choices, and orders came in one after another.

Originally, Far East Semiconductor was too busy with orders for its own Honor computers, let alone other manufacturers.

But that’s the way these manufacturers are, the more out of stock you are, the more they want it.

Therefore, in addition to the second factory under construction in Wanwan, the location of the third factory is also on the agenda.

Just as the Temasek incident happened, Luo Nianzhong directly decided to build the new factory in Temasek.

Because Temasek’s location is so good, it is very convenient for exporting to Europe and the United States.

Although the leaders of Wanwan called Far East Group and hoped to consider continuing to build the factory there, Luo Nienzhong still did not change his mind.

In addition to Temasek, good news also came from Guangdong Province in the mainland, which approved the joint venture to build a port in Pengcheng.

The investment in the first phase is as high as 40 billion Hong Kong dollars, with Far East Port Management Company providing the capital and Pengcheng providing the land.

Not only the port, but also the container terminal management business are jointly operated by both parties.

The location inspection has now begun, and construction is expected to start in the spring of next year.

There are also plans for South Korea. Luo Nianzhong has already accepted Quan Douhuan's invitation and plans to visit Seoul next year. In fact, he is going to share the cake.

This amount of money is absolutely indispensable. It could be hundreds of millions or even billions of dollars.
The biggest expense is of course the Lantau project.

Regardless of whether the Far East Group is involved in the new airport on Hong Kong Island, the development plan for eastern Lantau Island has already been approved by the Hong Kong government, and the two parties are discussing the specific details.

When Welch approached Luo Nianzhong and said that the company was running out of money, Luo Nianzhong's first reaction was that someone had embezzled public funds, and then he laughed.

Temasek and Pengcheng have no problem with their funding. The key is the Lantau project. If the new airport is included, Far East Group's annual investment will exceed HK$250 billion.

This is mainly caused by the investment in the new airport.

Luo Nianzhong estimates that the construction time of the new airport will be about three to four years. If Far East Group participates, it will mean an annual investment of more than 200 billion Hong Kong dollars.

Even if you get a loan, it’s impossible to get a loan for everything, right? The Far East Group had to provide about 30% of the funds, so Welch approached Luo Nianzhong.

I just hope that he, the chairman, will stop for a while and stop making large investments.

With the credit and size of the Far East Group, a loan of more than 10 billion US dollars is just like playing games, but money cannot be used like this, especially since Luo Nianzhong always instills in them the role of cash flow.

Therefore, there is also the Far East Group’s double-day promotion event.

……

The town of Clarkson is located southeast of Los Angeles, less than 40 kilometers from downtown Los Angeles.

The town is neither too big nor too small, with a permanent population of about 4.

In addition to local aborigines, most are white-collar elites working in Los Angeles.

Because the nearby environment is very good, the infrastructure is good, and the housing prices are not very expensive, it is very popular among Los Angeles elites.

The only disadvantage is that the daily commute to work is about 30 minutes longer than for people living in urban areas, but this is not a big problem for a country that relies on cars.

At around four o'clock in the afternoon, the afterglow of the setting sun shone on the only highway between the town and Los Angeles, and cars whizzed by from time to time.

Javiers, a director at a Los Angeles warehousing company.

Because his wife liked peace and quiet, he did not set up his home in the city, but chose the small town of Clarkson.

In fact, Havells has already started his Christmas vacation. This time he came back from Los Angeles because he went to the Honor Mall in the city to buy an Honor computer.

Their company was equipped with Honor computers in the middle of the year. Not only that, they also paid Far East Software to build a customized warehouse management system.

At first he scoffed, thinking that the company was a complete waste of money and that this thing was of no use at all. But as time went by, he discovered that he loved the software.

Not only does searching for inventory no longer require rummaging through one account book after another, but when you want to find many things that you don’t usually use, you can easily find them just by looking at the location displayed in the background of the software.

Especially the various monthly reports, input them into YDoffice's Excel spreadsheet, and you can find them and print them out whenever you want.

This saved him a lot of time, and he no longer had to be as busy as he used to be.

What used to be a day's work can now be done in half a day. He has even developed the habit of drinking afternoon tea every day, which he never dared to imagine before.

So for the sake of convenience, he plans to buy an Honor computer to use at home. Not only will it be convenient for him to work, but he can also familiarize his middle school children with it in advance. He thinks this will be the future work trend.

Unfortunately, when he drove to the Honor store after lunch, the salesperson in the store told him that the computers had been sold out and that there would be computers for sale in two days.

And it wasn’t just the store he went to at the beginning, it was the same in all Glory stores in Los Angeles.

Other brands of computers were available and cheaper, but after thinking about it, Havels decided to forget it.

He still couldn't trust other computers. Although he didn't understand it very well, he had heard some people's complaints about those small brands that had just been established.

Anyway, you just have to wait for two days. I came early in the morning two days later. I can’t believe that I can’t get it.

Because Honor Computer's production estimates were wrong, 90% of the production in the first few months was supplied to those companies, institutions, schools, etc., and there was basically no supply to individuals.

This has resulted in a very small number of Honor computers in the hands of individuals on the market, and even scalpers have appeared.

A Honor computer with 256K memory sells for US$1999. The highest price on the black market rose to US$3500, almost double the price.

And that’s how people are, the more out of stock you are, the more they want to buy it.

Therefore, after the Honor Double Day event began, a large number of consumers crowded various Honor stores, and sales of other products also experienced an increase.

Even Luo Nianzhong and Welch did not expect such a thing. They did not expect that several months had passed and these consumers had not chosen other brands and were still willing to wait for the sale of Honor computers.

Such booming sales forced Welch to order the factory to produce at full capacity, and those who were willing to work overtime on holidays were directly given three times their wages, which was unique in Hong Kong Island in this era.

At the same time, Far East Group's foundry system was also on the agenda. In addition to several small foundries on Hong Kong Island, Welch sent people to start inspections in Wanwan.

Havells, who returned to the town of Clarkson, was stopped by an uncle as soon as he drove into the town's business street.

"Mr. Kent, is something wrong?" Havells stopped the car, rolled down the window and asked.

"Haviers, have you bought an Honor computer?". Kent came to the car and asked.

Havells was slightly frustrated, "No, all the Honor stores in the city are sold out, and it will take two days at the earliest to have the goods in stock."

"Hahahaha, I don't think you will get your beloved product in two days."

Havells was puzzled and looked at Kent, waiting for his explanation.

"I also have ten Honor computers here today. I have sold nine of them. I specially left one for you."

Kent's words left Havells in disbelief. "Really? Didn't you say there wouldn't be one?"

"I originally thought so too. Who knew Honor Technology took such good care of us small franchisees?"

It turns out that the small electronic product store run by Kent joined the Honor Mall not long ago.

Honor malls are all opened in cities. For small towns like this, Honor's strategy is to open up the franchise model.

The store is still the same as before and can sell other products. The requirement is that the door number needs to be changed. You only need to pay a few thousand dollars in franchise fees and a deposit every year. The amount of the franchise fee is based on the number of Honor products sold by the franchise store each year. Calculated based on 10% of profit.

In the morning, Javier came to this store specifically to inquire. However, at that time, Kent felt that this product was not even available in his own mall, so how could it be delivered to their franchise stores.

Unexpectedly, just after noon, the deliveryman from Honor Company not only delivered some other products he wanted, but also ten computers, which made him ecstatic.

In just one afternoon, these ten computers alone earned him US$1350, which is almost a month's salary of an ordinary person.

Kent didn't forget Havells who came over in the morning. Knowing that he would probably come back empty-handed when he went to the city, he left one for him.

I originally wanted to inform him, but when I went out to move something, I happened to see his car coming back, so I came over and stopped him.

"Mr. Kent, thank you so much. Thank you for still thinking of me. If not, can I give you some extra money?"

Havells was very happy, opened the door and hugged Kent and said excitedly.

Kent waved his hand and refused, "That's not okay. Privately raising prices is prohibited by Honor Company. I don't want to be the unlucky guy in Ohio. I also want to make more money through Honor Company."

One of the requirements of the Honor Store for franchised stores is that they are prohibited from raising prices without permission. I don’t care how much they sell for on the black market, the store must sell at this price.

Otherwise, the franchise qualification will be revoked as soon as it is discovered. There is a franchise store in Ohio that sells products at a higher price due to scarcity. When the Honor company found out, it directly canceled its franchise status. The store owner was dissatisfied and even took Honor to court.

One can imagine how he could succeed with the contract written in black and white.

This matter even appeared in many major newspapers, and many people in the United States knew about it.

However, there are policies and countermeasures. Aren’t you going to prevent the selling price from being raised? Then I will find a few friends to sell it to him at a low price, and then let him sell it on the black market.

Honor Company also knows that this kind of thing is unavoidable. As long as it is not done openly and nothing happens, it will turn a blind eye.

Havells happily carried the well-packaged computer into the trunk, and also installed headphones in Kent's store. Finally, he chose gifts for the two children for Christmas the day after tomorrow, and drove away with Kent's happy smile.

(End of this chapter)