Perhaps it is because the Li Group poses too great a threat to them, or perhaps they do not want to lose their most important market in Xiangjiang.
After discussions at the Board of Directors at the headquarters of Standard Chartered Bank, it was decided that Standard Chartered should join forces with HSBC and Jardine Matheson in Hong Kong, so that Jardine Matheson Group could hold off the Li Group from the front, leaving the Li Group with no extra energy to suppress Standard Chartered Bank in the financial industry.
This time, several companies acted very quickly. After HSBC and Standard Chartered Bank shareholders communicated with them, they also changed their attitude and asked their representatives on the board of directors to support Shen Bi's decision on the board of directors.
Just before Youde took office, at 9 a.m. on May 19, Jardine Matheson Holdings Group held a press conference. HSBC and Standard Chartered Bank held 17 and 16 shares of the group respectively, becoming the third and fourth largest shareholders of the group.
As for the first and second place, the Jardine family and the Keswick family hold 26 and 25 shares respectively to ensure their control over Jardine Matheson.
Since today is Wednesday, as soon as the news came out, Jardine Holdings Group's shares on the stock market immediately began to rise, and even Jardine Matheson Land also experienced a considerable increase.
At the press conference, Henry Keswick, Shen Bi and George LaVine were present at the same time.
In Li Guangyu's office, Gan Qin made a detailed report to Li Guangyu on the situation of Jardine's press conference today.
Li Guangyu knew that it would be more difficult to squeeze Jardine out of the Xiangjiang market in the future. With the participation of HSBC and Standard Chartered, Jardine would not have much problems with funds, and he himself did not Knowing whether the upcoming price war will have any effect on Jardine.
Li Guangyu said: Gan Qin, please inform Liu Tianci, Ms. Zhou Liang and Chen Linwen to come to my office. At the same time, you should contact Li Ka-shing and several shareholders of Xiangjiang China Investment Company and ask them if they are free at noon. I will invite them at the Peninsula Hotel. Have a meal.
Gan Qin knew that Li Guangyu was preparing to start a price war, so she immediately replied: Okay, Li Sheng, I'll do it right away.
Soon, Zhou Liang Shuyi, Liu Tianci and Chen Linwen came to Li Guangyu's office.
After everyone sat down, Li Guangyu said: You must also know the news released by Yihe, right?
These few people naturally know that Chen Linwen makes people pay attention to the movements of the Jardine Group at all times, and Zhou Liang Shuyi and Liu Tianci have reporters under their own banner, so naturally someone will report such important matters to them.
Zhou Liangshuyi said: Li Sheng, this time Jardine has entered the market with HSBC and Standard Chartered. It will be more difficult to deal with it in the future. At least they will not be as short of financial resources as before.
The most banks have is cash. As long as the Jardine Group still has mortgages, they will dare to lend to Jardine. Moreover, they only use customers’ money to invest in Jardine. There is not much pressure. They only need to give customers a certain amount of profit every year. That’s it.
The market value of HSBC and Standard Chartered Bank is not comparable to that of Li's Xingyu Group. When it comes to annual profits, Xingyu Group is even better than the two major banks. But when it comes to using funds, they directly crush the two major banks. Xingyu Group.
This is the benefit of controlling banks. They control the funds of countless depositors and customers, and they can freely invest in some enterprises. They only need to pay interest to depositors at the interest rate every year.
Li Guangyu said: No matter how difficult it is, we will fight. If we, the Li Group, want to develop stably in Hong Kong, we must suppress the influence of Jardine and the two major banks. Keeping them will always be a threat to us.
Zhou Liang Shuyi and others all understand what Li Guangyu is thinking. They don't just want to develop stably in Hong Kong. Who in Hong Kong will easily come to trouble the Li Group now. This is obviously Li Guangyu who wants the Li Group to become the only overlord in Hong Kong.
, so I want to eliminate the previous overlords of Xiangjiang one by one.
Liu Tianci asked: Li Sheng, do you have any instructions regarding the entry of the two major banks, Standard Chartered and HSBC?
Liu Tianci knew in his heart that Li Guangyu must have already had a complete plan when he asked a few of him to come this time. Otherwise, he should have convened a meeting with the senior management of Hengyu Supermarket Group instead of asking a few of him to come.
Li Guangyu said: We will start an unrestricted price war this time. Your TV stations and newspapers will magnify the losses of Wellcome Supermarket and report them, so as to cause trouble for them.
Sandra Chow knows that this is a counterattack against HSBC and Standard Chartered. This is an accusation against HSBC and Standard Chartered. They ignore the interests of their own bank shareholders and invest in companies that they know will lose money.
Although this cannot have a devastating blow to HSBC and Standard Chartered, it will still have some impact on the stock market. Once there are too many negative reports like this, it will also affect customer choices.
Liu Tianci said: Li Sheng, I will make arrangements after I go back. I will conduct a large number of reports on the situation of Wellcome Supermarket in the past few months, focusing on their profits. Secondly, we will conduct an internal report on the Jardine Group.
I will report some situations. They have a lot of problems now. I will ask a third party to contact the former shareholders of Jardine Holdings Group and get some information from them.
Li Guangyu didn't say much about this. It doesn't matter if this thing can be the best or not. The key now depends on who takes longer, the Li Group or the British-funded consortium.
HSBC and Standard Chartered Bank entered the market at a high position, but they have done a great favor to those small shareholders. In a few months, the market value of Jardine Matheson Group will plummet by half from the current level. I don’t know how the shareholders of Standard Chartered and HSBC will feel by then.
In addition, Jardine Holdings Group has a lot of debt. After the property prices of its group have depreciated along with the stock market and property market, their shareholders need to come up with funds to fill the gap. Even the two major banks must inject capital.
If they dare to exceed the limit in lending to Jardine, the problems behind it will be much more serious. Once the outside world knows, the two major banks will suffer heavy losses, so they will not do such a thing.
After Li Guangyu gave instructions to Zhou Liang Shuyi and Liu Tianci, he said to Chen Linwen: Get ready at your supermarket. If there are no surprises, you will have a 40% discount starting tomorrow. Don't worry about these losses at this time. Everything is aimed at defeating Wellcome.
Target.
Chen Linwen had already been mentally prepared for this. The matter was discussed at the last meeting, and they were actively making preparations after the meeting.
Chen Linwen said: Li Sheng, we have recruited some people in the past few days and can barely cope with the surge in customer flow. We are still recruiting and will not affect the normal operation of the supermarket.
Li Guangyu is not too worried about this. Everything that should be prepared has been prepared. Everything will depend on the development in the next few days. Li Guangyu is not sure whether Yihe has the confidence to continue to follow up this time. After all, this time there is a 40% discount.
When it comes to sales, the monthly loss is not a small amount.
Li Guangyu finally told Chen Linwen: You must pay attention to logistics and our supply of goods. You must ensure that the supply of goods is sufficient and your supermarket cannot be out of stock.
Chen Linwen said: Li Sheng, please rest assured that Vice President Fang Ruoqiang is in charge of this, and Vice President Liang Bohua will also provide assistance to deal with this situation and ensure that there is a possible rush to buy this time.