The Wealth Empire Crossing the Hong Kong

Chapter 665

In the living room of Xinhong Hotel, not only all members of Xinhong Club Xiangjiang were present, but also members of Nanjiang Club Xiangjiang also came here.

The two parties gathered together tonight with only one purpose, and that is to jointly deal with the suppression of the Donghua Society.

It has been two days since the soil auction. Neither the Nanjiang Club nor the Xinhong Club has received any results. As long as the two of them bid, they will definitely be targeted by the Donghua Club.

Although they intend to raise the price in the future, Donghua will rely on its own strong funds and don't care about the inflated land price at all.

Tomorrow is the last day of this land auction, and it is also the most valuable 36 pieces of land. If they still have nothing to harvest tomorrow, then there will be no place for the two of them to gain a foothold in the Xiangjiang real estate market in the next ten years .

"Everyone, everyone is very clear about the current situation, and I don't want to talk about those polite words. Please gather together today, mainly to discuss tomorrow's soil auction and how to develop it under the direction of the Donghua Association."

Listening to Li Zhaoji's words, those present were all sad. The current stock market crash had already made them very anxious, but the actions of Donghuahui on the soil auction will undoubtedly make them worse.

In view of the current situation, it is difficult to come up with a more reliable suggestion for a while. After all, Donghua Club raised a lot of cash in the stock market some time ago, and its own debt ratio is very low. The sharp drop in the stock market will not affect Donghua Club at all. expansion.

But they want to use part of the funds in their hands to support the stock market, so as to avoid the stock price of their own companies from falling too much, which will lead to a debt crisis, so that they don't have much money to participate in this auction.

Originally, all parties planned to acquire about 10 pieces of valuable land with limited funds, but this plan was obviously impossible to realize because Donghua would target it.

"I know that everyone has been under a lot of pressure in the past few days. The stock market has plummeted for four consecutive days, and the market value of many listed companies has been cut in half. Donghua Club has shown an aggressive posture again.

But the more this time, the less we can lose confidence, and in response to the suppression of the Tung Wah Association, we will launch a strong counterattack to let the outside world know that the Nanjiang Association and the Sun Hung Association are among the six largest commercial conglomerates in Hong Kong, and it is by no means a vain name .

This time we all sit together, and hope that both of us can put aside some past grievances and join hands to deal with Donghuahui.

It’s just that some members present don’t think that the cooperation between the two parties can produce any better results. Many industries of Nanjiang Club and Xinhong Club overlap, and the competition between the two parties is greater than cooperation.

Even if the two sides can work together now, the effect will only be 1+1 less than 2, and although Donghuahui, Xinhonghui and Nanjianghui belong to one of the six major commercial consortiums of Xiangjiang, the other five together are not as good as It's just a Donghua Club.

Not to mention the cooperation between the two, even the merger will not have much effect. In the future, their development in the Greater China and ASEAN markets will be greatly affected.

Regardless of the Nanjiang Association or the Sun Hung Association, some members have opinions on the core members of the association. In their view, attacking Xinjian Bank to obtain the right to issue banknotes in Hong Kong dollars is completely worth the candle.

It's a pity that this part of the people doesn't have much say in the association, and they can't dominate the will of the association.

After nearly two hours of discussion, Xinhonghui and Nanjianghui reached a number of cooperation agreements, the focus of which is the last piece of land to be auctioned tomorrow.

This time, Henderson Land will be the representative to compete with Donghua Club. After winning the land, the two parties will jointly establish a real estate company to jointly develop it.

……

After the meeting, Li Zhaoji, Guo Desheng, and Feng Jingxi, the three Musketeers of Sun Hung Kai, came to the hotel manager's office to communicate on the subsequent development of Sun Hung Club.

"Zhaoji, you don't have to put too much pressure on it, it doesn't matter even if this auction really fails.

After all, the real estate market in Xiangjiang is only so big, and Donghuahui has always been unreasonable in playing cards, and always likes to suppress property prices.

In the future, we will still focus on the Southeast Asian market, the Japanese market and the northern market, leaving the Xiangjiang market to the others. "

"Desheng, to be honest, I have some regrets. I shouldn't have assisted Nanjiang Hang Seng Bank to obtain the right to issue banknotes in Hong Kong dollars, and it would not have stimulated the Tung Wah Association, causing the Tung Wah Association to suspend the expansion of the external market and return its main energy to Greater China. and ASEAN markets.

European and American capital is also not a good thing. Few of the promises we made were actually implemented, and this time they stabbed us severely in the stock market. "

Neither Guo Desheng nor Feng Jingxi could say anything about it. The reason why Xinhonghui has developed so fast in recent years is that the California consortium behind Merrill Lynch and the BNP Paribas consortium have given a lot of help.

Especially in terms of capital and technology, whether it is the home appliance industry or the computer hardware industry, Xinhonghui has developed with the support of these two parties.

If Sun Hung Club did not have the support of these two parties, it would not have the power that Hong Kong is now second only to Tung Wah Club.

It's just that this benefit is not so easy to get. Regardless of the California consortium or the BNP Paribas consortium, the main purpose of supporting the Xinhong Club is to let it contain the Donghua Club.

Especially in the past two years, with the large-scale expansion of Donghuahui in the global market, it has violated the interests of countless established forces.

This time, the right to issue Hong Kong dollar banknotes said that they were attacking the Tung Wah Association, but in fact, it was mainly the world's old consortia that were attacking the Tung Wah Association.

For example, the California consortium and the BNP Paribas consortium, such as the Mitsui consortium behind the Nanjiang Club, the Rose Consortium behind the Far East Club, or the First Citigroup consortium behind the New Asia Club.

Several people also knew very well that although the meeting with Nanjiang tonight was harmonious, the cooperation between the two parties could not last long at all.

This is not only determined by the two companies' own interests, but also by the supporting forces behind them.

Regardless of the fact that these established forces have the same goal in targeting the Donghua Conference, all parties are also full of conflicts. The Japanese consortium and the American consortium are still the main competitors, and the relationship between Western European capital and American and Japanese capital is also not very harmonious.

"Zhaoji, there is still a big gap between our strength and the world's top business consortiums. For the time being, we can only seek skins from tigers to promote the rapid development of our industry.

When we have the strength to wrestle with these forces in the future, we will no longer have to rely on others, and Sun Hung Club will act in full accordance with our will, and no force can dictate to us. "

The ideal is good, but it is a pity that it is not easy to realize, especially now that Donghua will target them for suppression, which will inevitably hinder the speed of their industrial development.

Moreover, it is unlikely that they will continue to sell shares on a large scale to obtain funds to accelerate development. Sun Hung Club is the Sun Hung Club of their Sun Hung Kai Three Musketeers. This is their foundation and bottom line. They will never let their core industries be controlled by external forces. .

Several people have also prepared for the worst. If there is really no other way, they will give up the Xiangjiang market and focus on developing the ASEAN market and the northern market.

The other is to develop the American market. Relying on the relationship with the California consortium, Xinhonghui's low-end products will inevitably have a good market in the United States.

(End of this chapter)