After sending Henry Keswick away, Li Guangyu immediately asked Gan Qin to inform Li Xuelan to return to Hengyu Supermarket Group, and also notified the top management of Hengyu Group to hold a meeting in its conference room at 11:30.
Li Guangyu knew that after being rejected here, Henry Keswick would definitely make next moves. Facing the threats from external Hengyu Supermarket and Watsons, as well as pressure from internal shareholders, once Henry Keswick could not get the two major
With the support of banks, Wellcome Supermarket is likely to choose to close its doors.
Li Guangyu must make preparations in advance. This time it depends on whether HSBC and Standard Chartered will take action again. If these two wealthy people enter the scene, then this battle will need to be postponed for several months.
Li Guangyu is waiting. He knows that once the property market collapses, Jardine will face the risk of thunderstorms, and their assets will depreciate significantly. If Jardine shareholders do not inject capital into it, they can only sell some of their businesses.
Wellcome will obviously be a priority asset.
When Li Guangyu and Gan Qin walked into the conference room, Li Xuelan and the senior executives of Hengyu Supermarket Group were already waiting for Li Guangyu's arrival in the conference room.
Regarding Li Guangyu's sudden high-level meeting, they all wanted to know if something major had happened. Because the meeting was so sudden, meetings would not be held so urgently.
Li Guangyu told the senior executives about Henry Keswick's coming to meet with him and Henry Keswick's plans.
As soon as Li Guangyu finished speaking, Li Xuelan said: "Li Sheng, we cannot agree to Henry Keswick's proposal, otherwise our efforts over the past few months will be in vain."
Although the competition between the three major supermarkets has led to the closure of a large number of small and medium-sized supermarkets in Xiangjiang, Wellcome Supermarket still exists. Li Xuelan believed that this operation was a failure because the ultimate goal was not achieved.
Not only did Li Xuelan disagree with the end of the fight with Jardine at this time, but the senior executives of Hengyu Supermarket Group also opposed peace talks with Jardine. They all wanted to defeat Jardine. Hengyu Supermarket and Watsons jointly divided the Xiangjiang market.
If it weren't for Watsons and Li Guangyu being the second largest shareholder, they would all have wanted to kill Watsons together, and Hengyu Supermarket would dominate the Xiangjiang market.
Li Guangyu said: "Don't get excited. I have no intention of agreeing to Henry Keswick's proposal. The reason for convening this meeting is to discuss with you the possible future situations and how we will develop next."
.”
After hearing that Li Guangyu had no intention of negotiating with Yihe, Hengyu's senior management felt relieved.
They have worked hard in the past few months to suppress Huikang. If Li Guangyu suddenly stopped at this time, it would make them feel very uncomfortable, which means that all the energy they and others have put in these past few months have been in vain.
.
Li Guangyu then told the senior management about the possible appearance of Wellcome Supermarket and asked their opinions on this.
Li Xuelan knew that a listed company would be in a lot of trouble if it had too many shareholders. Just like Hutchison Whampoa, the small shareholders were very kind when they were making money and expressed support for everything at the meeting.
Once a company becomes unprofitable or even suffers a loss, these small shareholders will jump out and ask the people in power to solve the problem immediately. They are all here for profit. As long as they feel that it is unprofitable, they will
I am thinking of withdrawing from this company.
If it is a subsidiary company, these small shareholders will let it handle the matter to avoid causing losses to the group. Jardine is estimated to be facing such a situation now.
Li Xuelan even felt that Henry Keswick was already facing a choice, otherwise he would not have come to discuss with Li Guangyu. Because whoever approached the other party for negotiation at this time showed that his group could no longer withstand it.
She said to Li Guangyu: "Li Sheng, now we need to make two preparations. First, if Wellcome closes, our two supermarkets must be prepared to increase employees. The customer flow of Wellcome Supermarket will increase by one-half.
The workload, we have to deal with it in advance.”
"The second scenario is that in order for Jardine Matheson Group to continue to hold us back, HSBC and Standard Chartered will provide support to Wellcome Supermarket, and they do not even rule out the possibility that their two banks will take over the shares held by the small shareholders of Jardine Matheson Holdings Group, then we will
Further action is required.”
The senior management present here also began to express their opinions. Now that the issue of increasing manpower has begun, none of the senior management present has any opinion. Even if Wellcome does not go bankrupt, they should reserve talents in advance.
Hengyu Supermarket Group will expand externally in the second half of the year. Employees can be recruited locally, but the management of each store needs to be dispatched from Xiangjiang. Now some of these newly added people will be trained.
Moreover, some senior officials even suggested that the second possible action would require manpower. They suggested that the current losses due to the 30% discount are not too big, so Wellcome can persist. They proposed to implement a 40% discount and completely give up Wellcome Supermarket.
defeat.
After Li Guangyu thought for a while, he said: "As for the issue of increasing manpower, you recruit according to the situation, and pay attention to the situation at Wellcome. Once HSBC and Standard Chartered are out of business, I will discuss with Li Ka-shing, Zheng Yutong and others to negotiate with Wellcome.
Price war, let’s see if they dare to follow.”
The top management of Hengyu Supermarket is full of confidence. They have the supply of profits from Baodao and Japan. They dare to sell even at 50% discount, but they still need Li Guangyu's consent in this regard.
Li Xuelan said: "Li Sheng, we will pay attention to the changes in Wellcome. We will try to end the battle with Wellcome within three months. If it continues, it will be very detrimental to Hengyu Supermarket Group and Watsons. It is better to finish the battle with one victory."
, completely squeezing Wellcome out of the Xiangjiang retail market."
Li Guangyu previously wanted to hold Yihe off from Wellcome and make them lose more financial resources. If Wellcome exits early, their Wellcome Supermarket properties can be transferred out. This is not what Li Guangyu wants to see.
of.
As long as it is delayed until September, the stock market and real estate market will plummet, and Jardine will suffer huge losses. Their Wellcome supermarket stores will not be able to transfer them even if they want to transfer them. If Wellcome withdraws at this time, they can still recover a lot of funds to replenish Jardine's blood.
.
However, Li Guangyu is not too worried about this situation now. In the past few months, not only Guo Qingya has been dealing with Wheelock's properties, but also Sun Hung Kai Cheung Kong Hutchison Whampoa Shau Kee Group has been dealing with some non-critical properties in its hands.
As a result, the market is now becoming saturated.
As for Wellcome Supermarket, even if it wants to close, it will not be completed in a day or two, and it will be even more difficult to transfer the store. With so many stores and such a large area, it is not something that ordinary people can handle.
Li Guangyu said: "Xuelan, after you return to Hutchison Whampoa, communicate with Mr. Li Ka-shing about this matter first. This time we will take a look at Wellcome's situation. If the status quo remains there, we will launch a price war again.
, completely squeezing Wellcome Supermarket out of the Xiangjiang market."
"Okay Li Sheng, I will communicate with Mr. Li Ka-shing on this matter this afternoon. I believe he will support this action." Li Xuelan replied.
Li Guangyu then asked the group's senior management to take subsequent response measures, especially in terms of personnel and logistics, to ensure that the supermarket can maintain normal operations.