Lin Zuhui is having a meeting with a group of senior executives. All those who can participate in this meeting are president-level executives. 'Hengchang Holdings' is equivalent to the comprehensive business group of New Era Group's 'non-real estate business', including: telecommunications, ports, shipping,
Retail, medicine, beverage and food, trade (car sales, grain and oil sales), real estate and other businesses, it is a complete giant group.
Each president reported last year's performance one after another, and it was a good year for them all.
Chen Musheng, President of Times Retail, reported: "Last year, we added 5 more Yonghui supermarkets, bringing the number of supermarket stores to 68; we added 12 'Histo' convenience stores, with a total of 150 stores; the retail business exceeded 2 for the first time.
Net profit of 100 million has created history... While we are expanding, Watsons (including ParknShop supermarkets) and Dairy Milk International (Wellcome supermarkets and 7-11 convenience stores) are showing signs of weakness, and the number of stores is not increasing.
Reverse reduction... This is due to the success of our strategy. Our supermarket only needs to reach 5,000 people to make a profit; the countryside surrounds the city. When we develop in the city center of Hong Kong and Kowloon, we still do not give up on new towns.
and rural development...my fresh food supermarket is still the biggest driver of profit growth."
Listening to Chen Musheng's report, Lin Zuhui lamented the importance of a vision beyond the times. The success of Yonghui Supermarket is somewhat similar to that of Wal-Mart Supermarket, and it also exceeds Wal-Mart's management and strategy.
Thinking of this, Lin Zuhui couldn't help but have an idea. Since Times Retail is so good, why not try it out.
Lin Zuhui immediately said:
"The retail department will go to Canada to investigate, try to acquire a chain store with 100 stores, and then enter the Canadian retail sector."
"If the acquisition is successful, we need to pay attention to a few points: First, we cannot close the business, because this will lose old customers. While the store is open, it slowly changes the color, decoration, trademark, and gradually changes its name and becomes Yonghui Supermarket.
"
"Second, a humble mentality. Retained all employees of Canadian stores, including managers, and gave them salary increases."
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"Third, continue our strategy: surround the cities with rural areas, focus on the proportion of fresh food, sell at affordable prices, do not open hypermarkets, build a mature supply chain, and focus on our own products."
"Fourth, focus on the needs of the Chinese and add some products that we Chinese are familiar with and need."
Chen Musheng listened and memorized it, for fear of missing a word.
The same is true for Yuan Tianfan. Although he is the president, the boss's general policies are crucial to the company. He is more responsible for implementing the boss's general policies and coordinating the management of various subsidiaries.
Why did Lin Zuhui choose Canada?
Because there are many Chinese people in Canada, there are currently about 800,000.
In fact, Canadian retail companies have already destroyed Tesco and Carrefour, and currently only Wal-Mart has not entered.
Chen Musheng put down his pen and said: "Okay, I will arrange to inspect the market as soon as possible!"
Lin Zuhui nodded. Under the joint attack of Wellcome and Parknshop, Yonghui Supermarket can still survive and have an upward trend. This company has undoubtedly been tested by the market, and there is no need to question its comprehensive strength.
Entering Canada is currently the best way to expand!
Du Huilun, president of Hengchang Food and Beverage, said: "At present, our Jinmailang instant noodles and Wanglaoji have opened up the market...Wanglaoji's sales are currently concentrated in Guangdong Province, Hong Kong, Macao, Taiwan, and Singapore...
Laotan pickled cabbage instant noodles are concentrated in the southwest region...The company's current finances are sufficient to support the expansion requirements of Jinmailang and Wanglaoji."
Lin Zuhui nodded. Hengchang Beverage Food has divided the mainland into eight regions. In the future, it will need to establish multiple production bases.
"I am more optimistic about the introduction of the Red Bull brand from Thailand to the mainland. I heard that the boss of Red Bull, Xu Shubiao, has hit a wall in the mainland and has not obtained a production and sales license. President Du, please invite him to come to Xiangjiang to discuss cooperation."
Du Huilun replied: "Okay, I will arrange it as soon as possible."
Xu Shubiao couldn't get the license because he didn't understand mainland policies. In this era, the mainland has just developed its market. Facing the surge of foreign investment, the mainland can only restrict foreign investment through joint ventures, otherwise the mainland market will be completely occupied by foreign capital; after all, the mainland
It has neither financial strength nor rich market experience in management, so foreign investment has been involved there.
So Xu Shubiao’s plan to get Red Bull’s license just by donating a few million in his hometown of Hainan is simply a fantasy.
Even if Lin Zuhui comes to operate it, it is impossible to get a license directly for you. After all, the formula of this thing is 'poisonous'. Of course, if Lin Zuhui finds Huaxia Food Industry Corporation, he will give you a 50% share of the cooperation basis; plus his connections
, and modify the formula, it is very likely that you will get permission.
At the beginning of the new year, Lin Zuhui also plans to let Hengchang Beverage and Food Company establish a sub-brand - Nongfu Spring. Nongfu Spring will include bottled mineral water and juice series; in addition, he also plans to launch Jinmailang's 'Iced Black Tea',
The development of 'Iced Green Tea'.
So this year is a year of great development for Hengchang Beverage and Food Company.
After the meeting, Lin Zuhui and Yuan Tianfan came to the office.
Lin Zuhui asked: "How is the progress in Singapore?"
Yuan Tianfan is still very busy, mainly because Hengchang Holdings is too complicated. Even if he is the president and there are presidents of various subsidiaries below him, he will inevitably have a lot of work, especially Hengchang is in the development stage.
"The 300 million yuan from the sale of Pengli Insurance has almost bought blue-chip stocks and the shares of Yang Xiecheng Group. The market value of Haiyu is more than 20% higher than when we acquired it, and market investors have responded well. After all, you have a boss.
A golden sign.”
Lin Zuhui nodded. There is no need to question or be modest about this. It is a fact. The titles of the richest man in China and the God of Stocks are no longer useful, so what reputation is there?
"How do you plan to inject capital into Singapore Central Plaza?" Lin Zuhui asked.
Yuan Tianfan said: "In the first half of the year, we plan to exchange the group's Singapore Central Plaza by issuing warrants. The group's total investment in the Central Plaza is 1.6 billion Hong Kong dollars. Together with debt, we will inject capital worth 2 billion. We have obtained the warrants.
, we can start raising funds in the second half of the year.”
Warrants are definitely a good deal. As long as Haiyu's stock grows, the group will still make profits from the warrants; a warrant is a warrant that can be exchanged for actual shares. It agrees on a certain stock price to be exchanged for actual shares at a certain time. If the stock price is high
If the price exceeds the agreed price, you will have to make up the difference; but the agreed price must be higher than the current stock price, so this is to encourage major shareholders to develop the company well, you can also make a profit, and the shareholders' stocks can also appreciate.
Lin Zuhui said: "The plan is feasible! The market is good, and with our promotion, a market value of HK$4 billion in the second half of the year is not impossible. By then, it will not be called swallowing Yang Xiecheng, but eating him."
Although the Yang Hiap Seng Group has rich assets, its stock price is seriously lower than its net assets. The reasons are due to the company's poor profitability, continuous civil strife in the controlling family, Yang Zhiyao's investment failure, etc.
Therefore, the current market value is only 260 million US dollars, which is only 2 billion Hong Kong dollars. You must know that the value of its factories in Xiangjiang is more than 2 billion.
Then, Yuan Tianfan said: "I have arranged for the directors over there to keep an eye on Yang Xiecheng. If there is any trouble, we can jump out of the water and officially acquire it."
"Okay, I think so too! If their land on Bukit Road is used to develop high-end residential properties, it can be considered a step forward for us to plan for the residential market in Singapore."