While Mitsui and Mitsubishi were plotting to build a relationship, on the morning of June 24, the principals of Wheelock Holdings, Tesco Group, Defeng Bank, and Lisa Investment Company held a joint press conference.
Demaple Bank and Lisa Investment Company each purchased 20% of the shares of Tesco Group held by Wheelock Holdings for HK$1.5 billion, which means that the two companies valued Tesco Group at HK$7.5 billion.
Thanks to this benefit, Wheelock Holdings' stock price rose rapidly. As of the morning's close, it had increased by as much as 12%, and its total market value had reached a new high of HK$10.7 billion.
However, the stock prices of Lane Crawford and Watsons have fluctuated due to this. Even though investors have long been accustomed to Xinjian Department's frequent reduction of holdings and additional issuances, the stock prices still fall every time.
The stock price of Xinjian listed companies is relatively higher than similar companies. This is the trust that these institutions and investors have placed in the legendary figure Li Jianhui in the past two years.
Companies controlled by Li Jianhui began to significantly reduce their holdings, which naturally reduced their confidence in the company, and shocks and even declines were inevitable.
In particular, Tesco Group announced at noon that day that Wei Li would no longer serve as chairman of the board of directors and president of Tesco Group. As soon as the market opened in the afternoon, the stock prices of Lane Crawford and Watsons plummeted.
Wei Li is more famous than many family helmsmen in Hong Kong. He was once one of the top executives of the four major foreign banks. He turned Hutchison Whampoa back from the brink of bankruptcy within a year of becoming the chief executive.
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After joining the Xin Jian Department, through the reorganization of Lane Crawford and Watsons, and the establishment of IKEA convenience stores and Tesco electrical appliance chains, in just over a year, the largest retail department store group in Hong Kong was established.
It can be said that without Weili, there would be no Tesco Group today.
The sudden resignation of Wei Li left many people confused. They did not understand why the senior officials of the Xinjian Department would make such a decision.
Xin Jian’s mischief was not over yet. In the afternoon of the same day, Wheelock Holdings issued an announcement that the group would reduce its holdings of Wheelock Land shares in three days from the current 38.7% to 25%.
The chain reaction of this announcement was even greater than before. Previously, the real estate stocks of the Xinjian Group had suffered a collective decline. However, they finally recovered in the past few days. Unexpectedly, the Xinjian Group significantly reduced its holdings in its largest listed company.
Affected by this, the shares of a large number of real estate companies such as Wheelock Land, Hutchison Land, and Chinese Real Estate have plunged again. If the curse was effective, I am afraid that Li Jianhui and the top executives of the Xinjian Department would have gone to see the King of Hell long ago.
Just after hearing the news, Takijiro and Hamasaki Hiroshi felt bad. Currently, the development of the Xinjian Department was normal, and they had not heard of any new industries that they were going to enter. Raising such a huge amount of funds at this time might not be what they planned.
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Especially regarding Wei Li, after having been in Xiangjiang for many years, they knew his outstanding qualities. When Li Jianhui transferred him away from the Tesco Group at this time, there must be something extremely important for him to be responsible for.
Moreover, they are also aware of the two forces that have entered Tesco. Demaple Bank is a joint venture between Blue Maple Holdings and the Cavendish family, and Lisa Investment Company is a joint venture between Blue Maple Holdings and the Grosvenor family.
Now that several major British families have intervened, it will undoubtedly become more difficult for them to expel Tesco Group from Lane Crawford.
In order to learn more about the situation, Takijiro specially called Liu Dongyang, the manager of the Xiangjiang office of Yuanquan Investment Company, with whom he had been chatting well these days.
This person is not only a director on the board of directors of Lane Crawford, but also a director of the board of directors of Xinjian Group, and he is quite familiar with the news about Xinjian Group.
"Liu Jun, I'm Tian Qi. I hope I won't disturb your work."
"I wonder what happened to Mr. Tagi?"
Takijiro did not make any detours with Liu Dongyang, but directly asked about the recent situation of the Xin Jian Department, especially about Wei Li.
"You should know that Tesco Group is controlled by Wheelock Holdings Group. Regarding the issue of changing the person in charge of Tesco Group, the board of directors held a meeting yesterday afternoon. Wei Li resigned from all positions in Tesco Group for personal reasons. After the board of directors
We decided that Wei Li’s position would be taken over by Group Vice President Lane Crawford.
As for what Wheelock Holdings, which has a lot of money, will do next, because I have nothing to do with Wheelock Holdings, I don’t know what Wheelock Holdings’ plans are.”
There was not much valuable news, and Takijiro was a little disappointed, but he knew that maintaining a good relationship with Liu Dongyang would be very beneficial for him to understand the trends of the Xinjian Department in the future, so he thanked Liu Dongyang very politely on the phone.
"No need to thank you. Our Quanyuan Company is very optimistic about Japan's real estate, finance, entertainment and media related industries. We also hope that you will not forget your previous agreement and help us gain a foothold in the Japanese market."
It can be said that Quanyuan Investment Company and Mitsui each get what they need. The Japanese market is so big, they don’t mind having another real estate, financial, film and television entertainment company.
With the information channel of Quanyuan Company, they can know the trends of the Xinjian Clan in advance, and can also make arrangements in advance, and gain the upper hand in the competition with the Xinjian Clan.
Yuanquan Investment Company is directly managed by Zhou Pengfei. Whether it is Omar Brayton, the general manager of Yuanquan Investment Company, or Liu Dongyang, they do not know their relationship with the Xin Jian Department.
They just accepted Zhou Pengfei's order and took advantage of this opportunity to obtain Mitsui Mitsubishi's support so that they could accelerate their industrial layout in Japan.
Liu Dongyang did not lie to Tian Qijiro. He only knew this. He did not know what kind of industry Wei Li would be in charge of. Xinjian Group's board of directors meetings had never discussed this.
Li Jianhui will also reveal some information to Liu Dongyang appropriately to make it more valuable, and Mitsui Mitsubishi will spend more money by wooing him.
In order for Quanyuan Investment Company to take advantage of Mitsui Mitsubishi's opportunity to suppress the Xinjian Group, it can enter banking, securities, real estate, film companies, theaters, music, games, comics, retail and other industries in Japan, and establish a comprehensive group.
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He plans to hold a board meeting tomorrow to discuss the subsequent development of Defeng Holding Group so that Liu Dongyang can obtain more valuable information.
On the phone, Li Jianhui specifically told Zhou Pengfei to make specific plans.
The general principle is not to transfer the shares held by Xinjian Industry, and to stand with the chairman of the board of directors at board meetings.
Some matters regarding the board of directors meeting can be disclosed to Mitsui Mitsubishi in exchange for the two companies' support for the development of Quanyuan Investment Company in the Japanese market.
At the same time, Zhou Pengfei was asked to instruct Omar Brayton to keep the relationship between Quanyuan Investment Company and Lanfeng Investment as secret as possible.
Li Jianhui plans to ask Zhou Pengfei to transfer Brayton to Australia in two years. The Quanyuan Investment Company will be chaired by one of the current company's senior executives. At that time, the arrangements will not be made directly by Zhou Pengfei, but through the general manager of Novi Funds.
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As long as the Cayman Islands and even the British government don't cheat him, and as long as Zhou Pengfei, Li Zaiwei and other senior officials don't reveal it, this game can continue to be played.
One advantage of this place is that the company's shareholder register does not need to be available for public inspection, nor does it need to be submitted to the registry, or even kept at the registered address, which greatly enhances the concealment.
As for whether Li Jianhui can keep it secret forever, it is difficult for Li Jianhui to guarantee. He only hopes that he can not be discovered by these consortiums when he is still relatively weak, which will make it easier for him.
It wouldn't matter if he was discovered. He didn't believe that with such a strong foundation and past life memories, he couldn't stand on his own.