Chapter six hundred and ninety fourth heavily invested Malay
In the 304 conference hall of Xinhui Hotel, the Tung Wah Association held a plenary meeting, attended by all Tung Wah Association members and probationary members.
Many members present today have serious expressions. They have already learned the news that in the future, Tung Wah Association companies, especially those under the Tung Wah Association in Hong Kong, Lisboa, and Taiwan, will rely entirely on themselves to compete for markets around the world.
"I would like to trouble everyone to attend this special meeting, mainly because there have been recent issues that affect the development of our Tung Wah Association and we need to communicate with you.
…”
After Li Jianhui finished speaking, the members immediately started talking. They really didn't expect that the North would do this. Isn't this going to force the Tung Wah Association corporate headquarters to leave?
"Jianhui, I wonder what your next idea is, how about moving the headquarters of our Donghua Association's industries in Xiangjiang and Lisboa to the Donghua territory.
This will not only reduce corporate taxes, but also provide government support for companies, which will be more conducive to the future development of these companies in the Commonwealth market and the Western European market."
Ye Han's proposal has won the support of many members. In their view, there is no place for them to stay here.
They didn't choose to move their headquarters at first because they were concerned about the views from the north. Now that their cards have been shown, they no longer need to consider the impact on the north.
They also know the intentions of the North. This is just to reduce their influence here. Once Donghuahui enterprises are transferred on a large scale, both their strength and reputation will be greatly damaged.
And they have no doubt that once Tung Wah Hui's companies are transferred, companies there will take advantage of the situation and seize the market while expanding their influence.
"I know that everyone has resentment in their hearts, but we cannot make decisions based on temporary anger, otherwise we will only help each other.
We must understand the importance of the huge market in the north to the development of our Donghuahui industry in the following decades. Once a large number of our corporate headquarters choose to relocate to Donghua territory, we will not be able to enter many industries, and we will not be able to enjoy many preferential policies.
At a time when many multinational companies are trying their best to enter the northern market, it is inappropriate for us to move our headquarters on a large scale at this time.
I think the companies in Hong Kong will stay put for the time being and speed up the development of our industry in the ASEAN market, especially in Malaysia. Many of our companies can temporarily establish branches there, and the branches can be turned into headquarters when necessary.
We must also strengthen the political layout in Malay and build a government that is pro-Tung Wah Association in more than ten or twenty years."
Members present knew that Li Guobao's attitude represented Li Jianhui's attitude to a certain extent. If he had not discussed it with Li Jianhui in advance, I am afraid Li Guobao would not have made this suggestion.
Not to mention what other members think, Malay Xie Funian, Zhong Tingsen, Wang Guilin and others are extremely happy that the Tung Wah Association focuses on developing Malay. With many ally industries coming, their own industry development will definitely be able to reach a higher level.
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…
“Since everyone supports the focus on developing the Malay market, our Tung Wah Association will focus on developing major Malay cities in the next few years.
In the past few days, Zhou Pengfei, Liu Xiaoyan, Chen Huiya and others will lead senior executives of many of their companies to inspect cities such as Kuala Lumpur, Johor Bahru and Penang.
Hutchison Real Estate will join forces with Chinese Land, Kowloon Construction, Guanghua Construction, Xinhui Real Estate, and Xing Leong Real Estate under Nanlong Holdings to build a business complex in Johor Bahru, with a planned investment of HK$80 billion.
In addition, Jade Lion Group's shares in Penang Motor Company will be transferred to Nanlong Holdings Group, and Penang Motor Company will subsequently become an automobile manufacturing group with multiple models of cars, trucks, buses, special vehicles, etc.
You can lay out the auto parts industry in Penang, such as automotive glass. This is the shortcoming of our automotive industry. If you have qualified automotive glass, you can not only get orders from Penang Automobile Company, Jade Lion Group, Jaguar Group, Dongguan
We can also get orders from Hua Automobile Company, Bangkok Automobile Company and other companies.
In addition to the real estate and automobile industries, the energy infrastructure field will also be our focus. A Western Expressway is not enough, and South China Petroleum & Chemical has not yet rolled out large-scale gas stations in Malaysia.
In particular, our petrochemical industry is still very single. This will be a focus of the development of our Donghuahui enterprise in the future. I also hope that everyone can enter this industry chain.
As for mobile communications, Donghua Communications will accelerate its expansion in Malaysia and strive to monopolize the Malay market, firmly holding the right to speak in this area in our hands.
…”
It’s not that Shinawatra, Xu Shubiao, Li Muchuan and others don’t hope that the Donghua Association can focus on the Thai market, but they know that although Thailand’s population is larger than that of Malay, the proportion of Chinese is far from that of Malay, which is doomed to Donghua.
Huahui’s selection results.
It is obvious that Tung Wah Association Heung Kong member companies will enter Malaysia on a large scale this time. Driven by this round of investment, the assets of Xie Funian, Zhong Tingsen and others will definitely be able to reach a higher level.
Fortunately, the Tung Wah Association made large-scale investments in Rayong City before, and they benefited a lot from this.
It is better than the big families in the Philippines and Indonesia. Although Tung Wah Hui Xiangjiang Enterprise is also increasing its investment in these two places, its current scale is far from being comparable to that of Malaysia and Thailand.
The biggest difference between the Tung Wah Association and other major financial groups in Hong Kong is the core right to speak. Within the Tung Wah Association, Li Jianhui's will represents the will of the Tung Wah Association.
Li Jianhui wants to focus on developing the Malay market, and the industrial development of Tung Wah Association members will also focus on the Malay market.
Guo Taiming, chairman of Hon Hai Technology, announced that it will establish a production base in Johor Bahru. This world-renowned foundry in its previous life has also officially taken the first step in establishing factories around the world.
Lin Tingsheng also announced at the meeting that he will establish a Datong Electrical Appliances production base in Johor Bahru, whose products will mainly be supplied to the ASEAN market.
Wei Yingzhou, chairman of Ting Hsin Group, has established a food and beverage production base in Kuala Lumpur, mainly producing instant noodles and mineral water.
Park Yongkun, who has just joined the association, also expressed that he will establish Doosan Machinery Company in Johor Bahru, mainly engaged in the production and manufacturing of construction machinery, and the products will mainly be sold in the ASEAN market.
This meeting was originally a meeting to discuss how to deal with the current situation, but later it turned into an investment meeting.
I don’t know what the feelings of the north will be. I believe that the Malay government will be very happy. The entry of many capitals and industries will definitely help the Malay economy to a higher level.
Compared with meetings such as the Hong Kong Real Estate Chamber of Commerce and other meetings, the confidentiality of internal meetings of the Tung Wah Association is undoubtedly much higher. Although all parties know that the members of the Tung Wah Association gathering in Hong Kong for a meeting must be discussing important matters, it is not until the members outside Hong Kong leave Hong Kong.
, all parties were unable to find out any news.
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