The Wealth Empire Crossing the Hong Kong

Chapter 585 Fragrant Club
Looking at Li Jianhui and others on the news, the members of the Xianghuahui feel so depressed that they can't find any words to describe it.

They took great pains to communicate with the north, and finally gained some industrial entry. Donghua would be fine, and without any effort, they directly obtained access to the northern market under the same conditions.

And at the press conference, they accused them of being irresponsible and disregarding the interests of shareholders.

What worries them most is that Donghua will enter on a large scale. In fact, they have long known about fair competition, and they cannot win Donghuahui.

The reason why they mention [-] years this time is to stop some people who intend to enter. After all, not many people dare to gamble with their own family for [-] years.

It's just that they found out that Li Jianhui and Donghuahui were too underestimated. The other party didn't care about twenty years, and even temporarily slowed down their overseas layout in order to accelerate their expansion in the northern market.

How could their Xianghua Club beat the Donghua Club when they were fighting for the market with financial resources, at least in the theaters, their Kowloon Cinemas lost before it even started.

Whether it is the expansion speed of the theater chain or the quality of movies released in the future, they cannot compare with it here. The Golden Princess Cinema Line can give a large amount of Hong Kong dollars to the cooperative film company to share the box office according to the exchange rate. The Kowloon Cinema Line does not. Such strong financial resources.

After all, after this strategic adjustment, their main market will be in the north. In Xiangjiang and other markets, they will no longer make much profit, and naturally there will not be much Hong Kong dollar and foreign exchange income.

It can also be seen from this that these people are at best red businessmen, not entrepreneurs, let alone capitalists, and a company that can only earn money from its own country and its people is definitely not a good company.

On the contrary, the group of Donghuahui is more suitable to be called capitalists, because these companies do not mainly make money from their own country and its people, but from other countries’ policies. When it comes to exploitation, it mainly exploits the people of other countries.

At noon, in a private room of the Xianghua Hotel, delicious food was served on the table, but those present did not move their chopsticks very much. It was not so much a lunch banquet as a lunch meeting.

The young Dong family's new generation at the helm obviously did not have the composure of these older ones, and said first: "Uncle Huo, Uncle Bao, these days, due to the sharp drop in the stock prices of their properties, many stockholders have complained.

Now there are Li Jianhui and others attacking us openly and secretly for selfishness and disregarding the interests of shareholders.

If we keep silent, our reputation in Xiangjiang will be completely ruined. "

Although everyone knows the situation we are facing and how to solve it, the main problem is the lack of something that can be solved, that is, funds.

The best way now is to learn from the Golden Princess Cinemas and use a large amount of funds to buy back the shares in the hands of shareholders to complete privatization.

But they can't afford that much money, so they can't do it. Even if the stock price has plummeted now, they don't have the capital to privatize on a large scale.

Because Xiangjiang has mandatory acquisition regulations, once the acquisition is compulsory or privatized, the acquisition must be made at the highest stock price in the past six months.

For example, the repurchase of the shares in the hands of these shareholders by the Golden Princess Cinemas is not at the suspension price, but at the highest price from December 12 last year to June 9 yesterday.

Originally, this year's development has not been smooth, especially in the past six months. Many times, the companies under the Donghuahui have demolished the east to make up for the west. The funds are stretched, and there is no money left to buy back shares.

Now that Xianghua Club wants to get out of the predicament and have funds in hand, it needs to sell some properties or sell the company directly.

It's just that these enterprises are the lifeblood of each family, and who would be willing to sell them unless it is absolutely necessary.

This time, if there was no other way, they would not have sent all their families to the north.

And they still have a large family to support. If the only property in Xiangjiang is also sold, how can their family gain a foothold in Xiangjiang.

It can be said bluntly that the image and reputation they have worked hard for decades in Xiangjiang has been completely destroyed by the Donghua Society headed by Li Jianhui. Now the only one who respects them is the North.

It's just that they are very clear about their own value, so no matter how they develop, their foothold in Xiangjiang will never be shaken. Once they leave Xiangjiang, they will really be nothing.

As the president, Chartered Ship King also knew that he had to keep quiet, otherwise the Xianghua Club would be completely sunk.

"I know that everyone is under a lot of pressure, but we can't be discouraged. In order to promote the development of our Xianghuahui industry in the northern market, I will sell the Global Shipping Group in exchange for funds to buy back some of our Xianghuahui's industries. Especially several major garment and textile companies, let these companies complete the privatization."

As another leader, although he has not formally joined the Xianghua Club, the head of the Huo family, who also has a high status within the Xianghua Club, also stated that he will sell the real estate in Xiangjiang in his hand, and after returning the funds, buy the Xianghua Club. The shares of Huahui's enterprises have helped some enterprises to complete privatization.

The chairman of the board of directors of Xianghua Bank and the head of the Wu family also said: "Considering that our main development will be in the mainland in the future, our banking business will be greatly reduced, so I suggest that the two Xianghua banks be sold in exchange for funds for development. other industries."

The more people present here listen, the more ashamed they feel, and the more they listen, the more desolate they feel. They are ashamed that they did not have the courage to sell their main business to help the development of other companies in Xianghuahui. The sad thing is that the core enterprises of Xianghuahui are constantly decreasing.

The former Wharf, Johnson Electric, Kowloon Exchange, Kowloon Cinemas, Kowloon Airlines, etc. have been lost.

Now they are planning to sell Global Shipping and Xiangjiang Bank, so in the future, will it be their own company's turn?

But don't forget that besides the loss of these companies, there are also many companies that are half-disabled, such as Xie Cheng Hong and Huo's Group, which have also sold a large number of properties in the past year.

Many times, they really don't understand why, as one of the five major associations in Xiangjiang, the Xianghua Association was second only to Nanjiang Association and Donghua Association, why it has developed into this way.

On the contrary, for the other four companies, the market size is constantly expanding, the assets are constantly increasing, and the industry is constantly enriching.

Speaking of the direction of development, judging from the press conference of the Golden Princess Cinemas today, there is nothing wrong, otherwise, Li Jianhui, who is a monster in the business world, would not be able to bet heavily on the north.

The confusion and confusion in my heart, but I couldn't find an answer, also made the luncheon at noon today very dull. There was no lively scene of toasting and chatting, and there was no leisure time for high-spirited discussions.

The charter king who sent everyone away just let out a long sigh, and he didn't know how much unwillingness and helplessness there was in it.

In the late [-]s, the world-class ship king was received by high-level officials everywhere he went, and he was the richest business leader in Hong Kong.

However, a few years have passed, and it is now a time of vicissitudes, and his era has finally passed. Once the Global Shipping Group is sold this time, it will also mark the end of a generation of shipping kings.

When we talk about it in the future, he will become the ship king of the older generation, and he will never regain his former glory.

Now his only thought is that the northern market can make the Bao family and Xianghua society rise again, and he hopes that the biggest bet in his life will not lose everything.

(End of this chapter)