In the meeting room 205 of Wheelock Building, the senior executives of Jingyi Electrical Appliance Group and Hongyu Clothing Group who were sitting in their seats were full of anxiety. Li Jianhui suddenly only summoned the senior executives of these two groups for a meeting, which made them feel a little overwhelmed.
Time passed by minute by second, and the silence in the conference room was panic-stricken. However, no one made a sound at this time, everyone was waiting for Li Jianhui's arrival.
As the time came to ten o'clock, Li Jianhui also appeared in the conference room, followed by Chen Yulian, Huang Guangxing, Liu Shunqin, Tian Haichuan, Iwatani Tetsu, and Tang Jianming.
The line-up for this meeting is quite large for the top executives of the two major groups. In addition to the big boss Li Jianhui, there are also four executives, Chen Yulian, Huang Guangxing, Liu Shunqin, and Tian Haichuan, as well as the largest listed company under the Xin Jian Department.
Toru Iwatani, president of Huihong Group, and Tang Jianming, president of Watsons, its second largest retail company.
Especially Tang Jianming, in addition to being the president of Watsons, he is also the executive vice president of Tesco Group. Since Li Qungang is currently based in Vancouver to coordinate the expansion of Xinjian’s retail industry in the Canadian market, Tang Jianming is currently in charge of the headquarters of Tesco Group.
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In the past two months, the Tesco chain and IKEA convenience store Tesco Logistics have been listed one after another. The market value of the entire Tesco Group has also been relatively clearly calculated. The Tesco Group, which holds 35% of the shares of the five major listed companies, has a total market value of about HK$50 billion.
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Although this market value is lower than that of Lane Crawford, which is 63.2 billion, it is still one of the top groups in Hong Kong.
It is a pity that such a group will not exist for long. At that time, the shares held by E-commerce Group will be transferred to Wheelock Holdings, which will directly govern five major listed companies such as Lane Crawford to save management costs.
Li Jianhui did not pay attention to the solemn expressions of the top executives of the two major groups and went directly to the main topic of the meeting.
“This meeting was specially held today because some of our senior leaders have had some problems and do not think about how to make our main products better and create greater value for the group.
Instead, I was thinking about taking shortcuts, trying to get into whichever industry made money, and turning a deaf ear to some of my words at the beginning of the year.
What's wrong is that the development platform provided by the group is too small for you to develop and realize your ambitions.
When you are thinking about entering other industries, let me ask you whether your main products have reached the top in the world.
May I ask if Hongyu Clothing has surpassed sports brand giants such as Adidas, Nike, Converse, and Reebok?
I wouldn’t even say that I have surpassed Jingyi Home Appliances. I would like to ask if your high-end products are comparable to similar products from Hitachi, Mitsubishi, Sanyo, Sony, Panasonic, Toshiba and other brands.”
After Li Jianhui finished speaking, everyone in the venue fell into silence, and the top executives of the two major groups lowered their heads with guilty conscience.
As Li Jianhui's wife and assistant, Chen Yulian also did not want the situation to become embarrassing, lest Li Jianhui continue to be angry with these senior officials and broke the silence in the conference room.
"I also know that you are also trying to make more profits for the group. The industries you are thinking of are indeed profitable, but you must prioritize the direction of development. The main task of your two major groups is to make the current main business bigger and stronger.
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If all our industries are to go into the real estate industry to make quick money, then what is the point of establishing so many companies in the first place? Why not just operate Wheelock Real Estate, Hutchison Real Estate and Xinjian Real Estate.
And if you have any ideas, you can report directly to Jianhui in the name of an individual or a group, instead of collaborating with brother companies or even allies under the Tung Wah Association. At best, you are trying to make a joint statement, and at worst, you are trying to force the palace.
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Of course, the purpose of convening this meeting today is not to blame you, I just hope that you can actively change your thinking and focus on your main business instead of thinking about making quick money in other industries every day."
The top executives of the two major groups immediately stated that they had absolutely no intention of forcing them into the palace. At the same time, they also promised that they would focus on the group's main business in the future and make the group's products the best in the industry.
Naturally, Li Jianhui did not want to hinder the enthusiasm of these senior executives. He stated that he was willing to see these senior executives put forward opinions that were beneficial to the development of the group and even the entire Xinjian Department. Anyone who made outstanding contributions to the development of the group and the Xinjian Department would receive funds and job promotions.
aspects of rewards.
Toru Iwatani and Tang Jianming were not at peace in their hearts. Although Li Jianhui was mainly targeting the top executives of Jingyi Electric Appliances and Hongyu Clothing Group this time, they knew very well that Li Jianhui specially asked them to attend this meeting.
Beating them.
Toru Iwatani is better. At present, Huihong Group is truly the first in game development. At present, neither Atari in the United States, nor Japan's Nintendo, Sega, etc. can compare with Huihong Group.
The pressure on Tang Jianming is much greater. In the retail department store market, Tesco Group is currently only three points with Carrefour and Wal-Mart.
In the entire retail market, there are giants such as Sears and Kmart, West Germany's Metro, Japan's Seibu Supermarket, Ito-Yokado, and South Korea's Lotte, which should not be underestimated.
As the CEO of the Xinjian Department, Huang Guangxing also felt uncomfortable because Li Jianhui had been in Xiangjiang for a long time. Companies in Xiangjiang basically went directly to Li Jianhui when they had problems.
He said that Xin Jian was the first person under Li Jianhui, and that he mainly managed things under Wheelock Holdings, and that his power was far less than that of Zhou Pengfei, Wei Li, Li Zaiwei and others.
If he had a choice, he would rather swap with Liu Xiaoyan and take charge of Xinjian Department's affairs in Central and Eastern Europe than stay in Hong Kong with the title of CEO.
Usually when these groups have problems, they turn to Li Jianhui. If there is a problem, he, as the CEO, will have to bear the responsibility.
And despite the fact that he is the president of Wheelock Holdings Group, its main industries Wheelock Real Estate and E-commerce Group are developed independently. Their development direction is set by Li Jianhui, and the top management is also appointed by Li Jianhui. He has no way to intervene in operations and management.
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Now he can also manage small industries under Wheelock Holdings that have not been independent, such as Wheelock Cinemas, Wheelock Investments, etc.
He would also be happy if Wheelock Holdings could own banks, securities and other companies like Xinjian Holdings, but there are restrictions in this area, making the development of Wheelock Holdings very difficult. Its market value depends entirely on the assets it holds.
Decisions made by shares cannot take the initiative on their own.
Although it won’t be long before five listed companies, Lane Crawford, Watsons, IKEA convenience stores, Tesco electrical appliance chain, and Tesco Logistics, will be directly controlled by Wheelock.
But Huang Guangxing knows very well that these five companies will still operate independently, and Wheelock Holdings will only play the role of an investor.
In fact, he understands that as CEO, he can only truly have power after Li Jianhui retires.
It's just that Li Jianhui is younger than him, and he may not be able to enjoy the rights of a CEO in this life.