When everyone thought that Li Jianhui was focused on Xiangjiang, in Malay, after nearly two months of planning, Horford finally launched an attack on the Malay forces of the Nanyang Consortium.
A large number of shares that were once held were sold. Affected by this, the Malaysian stock market fell for a week in a row.
News that is not conducive to Genting Group, Public Bank, IOI Group, Glass Planting Company, and Malay Flour Company comes one after another.
On the contrary, Cosway, Berjaya Group, and Sunway Holdings have acquired one company after another, including banks, sugar industry, grain and oil, hotels, real estate, retail, plantations, etc.
Among them, Tianyuan Hotel, which is a cooperation between Berjaya Group and Malay 14k, dealt a heavy blow to Genting Group, causing its performance to drop by nearly 50%.
With the excellent experience of Haojiang Tourism and Entertainment Company, the opening of Tianyuan Hotel can be said to be smooth, attracting countless wealthy people to visit here.
With the expansion of Tesco Group and the accelerated development of Berjaya Group and Cosway, the department store retail market in Kuala Lumpur and surrounding areas has been dominated by three major companies.
Moreover, several major companies are currently accelerating their layout in various regions of Malaysia, which is a huge disaster for Kerry.
These major companies have not cooperated with Kerry at all. As the market becomes larger and larger, the corresponding Kerry partner market becomes smaller and smaller, and the sales of Kerry's own products in Malaysia are continuing to decline.
Maybank, OCBC, Public Bank, etc., also because of the rapid expansion of Xinjian Bank in Kuala Lumpur, customers suffered heavy losses, the savings interest rate was higher than them, and the loan interest rate was lower than them, the citizens of Kuala Lumpur will naturally choose Xinjian Bank instead of them
.
Faced with Xinjian Bank's behavior, the major banks in Kuala Lumpur had to adjust their deposit and loan interest rates. It was not without power to find the Kuala Lumpur and Malay governments, hoping that the government would come forward to stop Xinjian Bank's behavior. Unfortunately, the government did not do so.
Pay attention.
Horford gave an extremely just reason. The loan interest rate is low, which is to better help the development of Malay enterprises.
As for the deposit interest rate being higher than that of major banks, that is because Xinjian Bank is confident in its own profits, and it also allows Malay citizens to enjoy the dividends brought by the development of Xinjian Bank.
In the conference room of the Garden Hotel in Kuala Lumpur, Lin Wutong said solemnly: "Everyone, we cannot be passively beaten like this. We must fight back against the Xinjian Clique and let them know that we are definitely not a piece of fish to be slaughtered.
This will force the Xinjian Department to stop its actions against us."
The Lin family mainly relies on the Genting Tourism and Entertainment Company. Now the Chenggong Group operates the Tianyuan Tourism and Entertainment Company and opens the Tianyuan Luxury Hotel. It copies the Haojiang Tourism and Entertainment Company's practices, causing the Genting passenger flow to be extremely serious, especially for high-end customers.
of loss.
These are the gods of wealth of Genting Group. Without them, Genting Group is nothing.
Even if he reported to the government that there were illegal transactions in the Tianyuan Hotel, especially the waiters at the Tianyuan Hotel, who were not just ordinary service staff, it would be of no use.
On the contrary, many rich and wealthy young people come here just to admire beauties from all over the world, and those who like them will have in-depth exchanges with them.
It's not just Lin Wutong who is having a hard time, Zheng Hongbiao is also in trouble. This time the Xin Jian Department is mainly targeting him at Public Bank.
If Xin Jian Department had done with companies such as Genting and IOI, he would not be so worried.
However, the Xinjian Group is completely different from Public Bank. It has been continuously acquiring shares of Public Bank and currently becomes the second largest shareholder of Public Bank with 28.7%.
He is not too worried about this alone. Berjaya Group holds 18.4% of the shares and has become the third largest shareholder of Public Bank.
Although on the surface, Cheng Cheng Group has nothing to do with Xin Jian, they know very well that the person behind Cheng Cheng Group is Li Jianhui, and the so-called Nanlong Investment is just a vest of Li Jianhui.
The second largest shareholder plus the third largest shareholder already own far more than 35% of his shares. If several more shareholders are joined together, it is not impossible to kick him out of Public Bank.
In order to avoid losing control of his main assets, as soon as Lin Wutong finished speaking, Zheng Hongbiao echoed: "Wu Tong is right, we can't tolerate it anymore, we must fight back, otherwise our industry will be afraid
It will be taken away or closed down soon.”
Others present also felt the crisis. It seems that because of the attitudes of the British government and the Bryan government, Li Jianhui has no intention of competing with the Xiangjiang United Consortium on a large scale for the time being, and has focused his main energy on their Nanyang Consortium.
This attack can be described as quite ruthless, suppressing their company from both the market and the stock market, but they currently have no good way to fight back.
Li Shenjing, president of IOI, said: “The biggest issue that puts us under the greatest pressure now is market competition. Not to mention real estate and hotels, these two industries are not very threatening.
Nowadays, it is mainly the retail department store market and the financial market. Xinjian relies on the three major groups of Tesco, Berjaya Group, and Cosway to continuously develop in the Malay market, thus driving the companies that cooperate with them, such as Taoda. Because these three
They are constantly seizing Kerry’s market.
In addition, local Malay companies that cooperated with several major companies also transferred their banking business to Xinjian Bank, resulting in the loss of business of several major banks.
I personally suggest entering the retail market and competing with Xinjian Department. As long as we stand firm in this area, we won’t worry about other industries being targeted.”
The other people had no other options. Although they did not think that their entry into the retail department store market would pose any threat to the Xinjian Department, they still wanted to give it a try.
The Genting Group directly copied the operation of Tianyuan Hotel. The other party can hire beautiful women from all over the world to work in the hotel with high salaries. Genting can do the same. Even if it cannot return to its previous peak period, it will not continue to lose customers.
On the bank side, they can only keep up with Xinjian Bank, but they don't believe that Xinjian Bank dares to continue spending like this.
In terms of retail, they will introduce the Philippine SM Group. The helmsman, Shi Zhicheng, is also from Fujian Province and a member of the Nanyang Consortium.
They are ready to work together to support SM Group in competing with the Xinjian Department for the retail market in Asia and prevent the Xinjian Department from using this as a spear to rapidly expand in the markets of Southeast Asian countries.
At the same time, we will contact the Xiangjiang United Consortium, hoping that they can put pressure on the Xinjian Department in Xiangjiang, so that the Xinjian Department cannot fully target them in the Southeast Asian market.
However, Horford did not give them much time. While they were still in the hotel, the general manager of the Malay company of Tesco Group announced that the company planned to invest HK$500 million to enter the Penang market.
This is one of the headquarters of the Nanyang Consortium, and this is where many of the core members of the Nanyang Consortium got their start.
Tesco Group's entry into this market this time can definitely be regarded as a provocation to the Nanyang Consortium.
Once the Penang retail market is also occupied by the Tesco Group, then in the Malaysian retail department store market, there will be no problem without the Nanyang Consortium.