Chapter seven hundred and fortieth exchange of interests
After two days of inspection in Singapore, on the evening of April 16, Li Guangyu and Zheng Yutong attended a welcome dinner held for them at a hotel owned by Qiu Teck Puat.
In the past nearly a year, the Singaporean consortium has cooperated with them in many aspects, which has transformed the two consortiums from the previous hostile and competitive relationship to the direction of ally cooperation, which has beneficially changed the relationship between the two parties.
One of the distinctive features of the Singaporean consortium headed by Qiu Deba, Guo Fangfeng, Huang Zuyao, Li Chengwei and others is that their ancestral homes are all in Fujian Province. This is also an important link between their consortium, allowing them to unite and Other groups compete.
This consortium is mainly focused on the financial industry. The core of their consortium is Bank of Malaysia owned by Khoo Teck Puat, United Overseas Bank of Singapore owned by Huang Yaozu, and Oversea-Chinese Banking Corporation owned by Li Chengwei, which together form their financial flagship.
At the same time, they also take care of the two main businesses of real estate and hotels, as well as some other manufacturing industries.
They are very similar to the Heung Kong Consortium, but the Heung Kong Consortium is mainly in the real estate industry, supplemented by the financial services industry. So the two of them are actually competing in many markets.
It's just that the Li Group is too strong, so the Singapore Group has chosen to make concessions in some places, exchanging some benefits for cooperation between the two companies.
At the same time, the Heung Kong Consortium and the Lee Consortium have also made some concessions. In their main markets of Singapore, Malaysia and Indonesia, they will not vigorously enter the real estate and hotel business. They will only make some small layouts in important cities, which will not affect the Singaporean consortium's operations in these areas. Benefit.
In the hotel reception room, after Li Guangyu and others came in, Qiu Deba, Guo Fangfeng and others warmly welcomed Li Guangyu and others.
After sitting down, Guo Fangfeng said: "Mr. Li, the construction of Cathay Pacific Changi International Airport base is over half-way, and it will be put into use by the end of this year. By then, Cathay Pacific's development will have made a qualitative leap. At the same time, we are at Jakarta Airport The construction of the base is also progressing simultaneously and will be put into use early next year."
As a cooperation project between the two major consortiums, the Singaporean consortium attaches great importance to the development of Cathay Pacific Airways. It has already been preparing for this aspect before the acquisition. Once the construction of these two bases is completed, their consortium will The influence in Southeast Asia will further deepen.
As for another cooperative project, Heung Kong Electric Group, although Guo Lingming is still the chairman of the group, the development there is still decided by the Heung Kong Consortium, and the Singaporean consortium will not interfere too much.
They are very satisfied with the current development of Xiangjiang Electric Group. Although they have invested a lot of money, the group's market value is constantly rising and they have made a lot of profits.
Li Guangyu said: "We are very relieved that Cathay Pacific Airways is managed and planned by you. I believe that Cathay Pacific Airways can regain its glory in your hands. In the future, Cathay Pacific Airways will be one of the top airlines in Asia and even the world."
Qiu Deba and others were very happy to hear Li Guangyu's words, but they knew in their hearts that Cathay Pacific Airways could not compare with Xiangjiang Airlines. They did not have as much financial resources to invest in the airline as the Li Group.
They don't have that big ambition yet. Cathay Pacific currently focuses on Southeast Asian routes and routes with mainland China.
Guo Fangfeng said: "Mr. Li, we have been very happy to cooperate in the past year. In the future, we hope that we can strengthen our cooperation and jointly invest in some projects. This will not only strengthen our strength, but also reduce the risks of both parties."
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Guo Fangfeng is different from several other core members. His main business is Hong Leong Group, which is mainly engaged in real estate, shipbuilding, hotels, tires and hardware industries.
This time he hopes to increase cooperation between the two parties, especially since the Bentley Group has established a production base in Malaysia this time. He hopes to obtain the supply of truck tires from this base. If this cooperation is completed, then his tire manufacturing company will have
A steady stream of orders.
Moreover, this time the Lee Group and the Heung Kong Group are investing HK$4 billion in building Chinatown in Singapore. His cement company also hopes to secure the cement supply for this project.
As for shipbuilding, he has no expectations for the time being. Now the major shipping groups in Xiangjiang are hoping to sell off their ships, so they will order more ships. This time they ordered four cargo ships from the state-owned shipyard, and they are still considering more.
political reasons.
Li Guangyu said: "Our Li's industries have always hoped to cooperate with all parties to achieve mutual benefit and win-win results. We are also very willing to increase cooperation with your major groups to promote the common development of both of us, so that our industries can complement each other and enhance
the competitiveness of our business."
Li Guangyu is naturally aware of some of Guo Fangfeng's industries. Since they have come to Singapore to develop, they naturally need to cooperate with local companies in some aspects. The Singaporean consortium is currently considered an ally with them, and it would be better if they can continue to strengthen cooperation with them.
At the same time, Li Guangyu also has a good understanding of Li Chengwei's industry. This generation is one of the richest people in Southeast Asia. After he took over the family business, he maintained the family's development momentum. In addition to Oversea-Chinese Bank, he also owns Nanyi Group, which is mainly a food processing group.
, Li Guangyu will also reach some cooperation with him this time.
In the future, Nanyi Group's products will be able to enter Hengyu Supermarket Group. As long as there are Hengyu Supermarket stores, Nanyi Group's products will be able to enter these markets.
Of course, Li Guangyu's cooperation with the Singapore consortium will also help their hotels and financial institutions gain a foothold in Singapore, making the Li Consortium's development in Southeast Asia smoother.
Since both parties have the desire to cooperate, tonight's dinner was very enjoyable for both parties. Both Guo Fangfeng and Li Chengwei got the results they wanted.
The core members of the Singapore Consortium know very well that their strength is still inferior to that of families such as the Xiangjiang Consortium. The assets of the Li Consortium alone are more than the assets of the entire consortium. This time, they can reach further cooperation with the Li Consortium.
, very good for them.
The Singapore Consortium will not forget the mainland market. Over there, the Heung Kong Consortium has an advantage over them. Their friendly cooperation with the Heung Kong Consortium will be beneficial to their future development in the mainland market.
As for the Heung Kong Consortium's financial and hotel establishment in Singapore, they don't care too much about it. The benefits here are far behind what they get from the Lee Consortium.
Just the several cooperations reached with Li Guangyu this time can bring huge returns to their consortium.
They also know that the Lee Group and the Heung Kong Group will not lose money. Singapore is the economic center of Southeast Asia and has an important position in the world. Although it is not as good as Hong Kong in this regard, the financial market here is still huge.
After the financial institutions of the Li Group and the Xiangjiang Group gain a foothold here, they will also receive generous returns. This cooperation will be beneficial to both parties. It is a mutually beneficial cooperation and a win-win situation. No one will suffer.
In the future, the mainland market will be huge, and no one party can capture such a huge market. Their future cooperation there will allow both parties to gain more benefits.