The Wealth Empire Crossing the Hong Kong

Chapter 458 Merger and Acquisition of Tesco Group
In the afternoon after the meeting, Wheelock Holdings, E-buy Group, Lane Crawford, Watsons, IKEA, E-buy Electric, and E-buy Logistics held a joint press conference.

In the press conference hall of Wheelock Building, Zhou Xinyue, General Manager of the Administration Department of Wheelock Holdings Group and General Manager of the Administration Department of E-Go Group, presided over the conference.

Al Merris, President of Wheelock Holdings Group, Su Hongtao, Executive Vice President of Wheelock Land Group, Tang Jianming, Executive Vice President of E-Go Group, President of Watsons, Su Guizhong, President of IKEA Convenience Store, Pang Xingming, President of E-Go Electric, Wang Zhiqiang, President of E-shopping Logistics, Ren Jiayang, Executive Vice President of Lane Crawford, and Liu Songtao, Executive Vice President of Watsons, also appeared at the press conference.

This is also an extremely rare press conference in Xiangjiang. In addition to Tesco Group, there are six presidents of listed companies with a market value of more than [-] billion, and there is also an executive vice president whose market value ranks third in Xiangjiang listed companies.

Because of this huge lineup, it also attracted a large number of media reporters from Xiangjiang. The current ratings are not very good, and Kowloon TV Station has also conducted a live broadcast of the whole process.

After Al Merris and the others sat down, Zhou Xinyue said: "Today, several major groups held a press conference to announce three things.

First, the assets of E-buy Group will be merged into Wheelock Holdings, and E-buy Group will be deregistered. From tomorrow, Lane Crawford and other five major listed companies will be directly managed by Wheelock Holdings.

The second is that Mr. Tang Jianming, the chairman of the board of directors of Watsons, resigned from his post at Watsons due to personal reasons, and Liu Songtao, the executive vice president of Watsons, is temporarily in charge of Watsons affairs.

The third is Mr. Li Qungang, the former president of E-buy Group and the current president of Lane Crawford, as the vice chairman of the board of directors of Wheelock Holdings Group, and continues to serve as vice president. Mr. Tang Jianming resigned from the position of vice president of the board of directors of Wheelock Holdings Group.

Mr. Liu Songtao served as Vice President of the Board of Directors of Wheelock Holdings Group, and Mr. Su Guizhong, Pang Xingming and Wang Zhiqiang served as directors of Wheelock Group.

While continuing to serve as a director of the Board of Directors of Wheelock Holdings Group, I will also serve as the Vice President of Wheelock Holdings Group and concurrently serve as the General Manager of the Administration Department. "

Following Zhou Xinyue's words, not only the reporters present were blown up, but also the audience watching the wireless live broadcast, especially those citizens who held shares of Watsons.

Watsons has achieved today's development, and Tang Jianming can be said to be indispensible. You must know that Watsons' market value has reached nearly [-] billion Hong Kong dollars, ranking eighth among listed companies in Hong Kong, and has a huge impact on Hong Kong's economy and stock market.

This time Tang Jianming did not continue to serve as the president of Watsons, nor did he take up the position of Wheelock Holdings. I am afraid that this person really chose to leave the retail industry in Xiangjiang.

The reporters present didn't care whether the stock market would be affected by it. They wanted to get more valuable things from these elites.

It's a pity that Zhou Xinyue didn't say that they could ask questions, and they could only keep quiet. This opportunity was rare, and they didn't want to be invited out by the security guards on impulse.

After Zhou Xinyue's words fell, Al Merris, the chairman of the board of directors of Wheelock Holdings Group, said: "This time, we, Wheelock Holdings, will directly manage Lane Crawford and other five major listed companies, which is also based on economical management. Consider the cost above.

After the acquisition of E-Go Group, Wheelock Holdings, like the former E-Go Group, will be more of an investor in the five major listed companies, and will not intervene in the internal affairs of major companies.

To Mr. Tang Jianming, we would like to express our sincere thanks to the management of Wheelock Holdings and its major companies.

I would like to thank him for his outstanding contributions to several major companies during his four years as the president of Watsons and the executive vice president of E-buy Group.

After the acquisition of E-Go Group this time, there have been some adjustments to the senior positions of E-Go Group. The top management of Wheelock Holdings and its major listed companies are basically stable, and will not affect the development of our major industries. Please don’t Worry and panic because of this merger. "

Later, Tang Jianming also said: "Thanks to Watsons, Tesco and even Wheelock Holdings Group for giving me such a big development platform in the past few years.

This resignation is due to personal and family reasons. Please don’t read too much into it. Moreover, Mr. Liu Songtao has worked in Watsons for a long time, and his ability is not inferior to mine. I believe that Watsons will develop better and better in the future under the leadership of Liu Sheng. "

Later, Liu Songtao, Su Guizhong, Pang Xingming, Wang Zhiqiang, and Su Hongtao, Vice Chairman of the Board of Directors and Executive Vice President of Wheelock Holdings Group delivered speeches one after another.

The identity of Su Hongtao attending the press conference this time is a senior executive of Wheelock Holdings Group, and has nothing to do with Wheelock Land.

In the questioning session of reporters, according to the usual practice, the first one is still the reporter from Jiayi Daily.

"Mr. Maris, not long after you became the president of Wheelock Holdings Group, the group acquired E-Go Group.

We all know that you have served as the president of Hutchison Land Group for a long time, and E-Go Group mainly focuses on retail companies. I wonder if you are confident that you can master these five companies with a combined market value of more than [-] billion Hong Kong dollars? "

Al Merris didn't expect that the reporters under his company were not so friendly, which obviously questioned his ability.

Although Meris knew very well that he was appointed as the executive officer, many high-ranking members of the Xinjian Department had opinions, thinking that his ability was simply not enough for this position, but it was only because of the needs of the situation at that time that he was able to take the position.

For example, the person sitting next to me used to have the same status as him, except that the other party is the president of Wheelock Land Group, and because the other party is from Xiangjiang, it is generally easier than him to enter the executive team.

It's a pity that in the end Li Jianhui considered Xin Jian's family to enter the Commonwealth market on a large scale, so he entered, while Su Hongtao kept standing still.

Meris believes that Jiayi's top executives are probably equally unconvinced by him. You must know that Jiayi Group is one of the earliest groups in the Xinjian Department. In terms of qualifications, Shi Shaoming is older than most of the presidents.

It's a pity that Jiayi Group has been dragged down by the low market value, and Jiayi Group is more professional, and Li Jianhui doesn't pay much attention to Jiayi, so Shi Shaoming has not been able to join the executive team.

It's just that you know it, but in the face of Jiayi's reporter's questioning, Myris is still quite angry.

You must know that in the ranking of the executive team, besides a few wives, he ranked ninth among the other fourteen executive officers, even Tian Haichuan and Liu Xiaoyan, who were heavily used by Li Jianhui, were ranked in his behind.

However, Maris is very good at controlling his emotions. It doesn’t matter if the high-level executives of the Xinjian Department question him, as long as Li Jianhui trusts him. The federal industry is enough to show Li Jianhui's trust in him.

He believes that at the annual meeting held early next year, his ranking within the executive team will inevitably rise, not to mention entering the top three, there is still hope for the top five.

Now it can be confirmed that Huang Guangxing, Zhou Pengfei, Wei Li, and Li Zaiwei are in front of him. This time, Liu Xiaoyan, who is fifth, can bring him a little pressure.

……

(End of this chapter)