The Wealth Empire Crossing the Hong Kong

Chapter 712 Rong Lao's Fury
Before Rong Lao approached Li Jianhui, a piece of news caused a shock in public opinion.

Si Huaiya, chairman of the board of directors of Swire Group, announced through East Asia Television that Cathay Pacific has officially completed the change of registration and the transfer of its headquarters.

Cathay Pacific is registered in Donghua territory, and its headquarters is not in Sydney, which has been rumored in the past two years, but in Kuala Lumpur.

Although due to the rise of Hong Kong Airlines in recent years, Cathay Pacific has not had such a strong influence as before, but as the first airline company in Hong Kong and the top airline company in Asia, its influence is still very large.

It’s just that today is not destined to be a peaceful day. Not long after Swire Group’s announcement, Huangpu Holdings announced to the outside world that it has reached an agreement with a number of funds to sell Debao Trading Company wholly. In the future, Debao Trading Company will no longer be a subsidiary of Huangpu Holdings. company.

At the same time, it also issued an announcement that in order to reduce environmental pollution in Xiangjiang, the iron and steel production base in Xiangjiang will be gradually shut down in the future.

In order to better develop the business of Huangpu Iron and Steel Group and better manage its industries, the headquarters of Huangpu Iron and Steel Group will be transferred to Nanxin City, where the group's core production base is located.

If the relocation of the headquarters of Cathay Pacific Airways is only used as a talking point by all walks of life, then the relocation of the headquarters of Huangpu Iron and Steel Group has shocked all walks of life.

The stock market reacted the fastest. Not only did the stock prices of Cathay Pacific Airways and Huangpu Iron and Steel Group plummet, but it also triggered a chain reaction, causing dozens of companies to be implicated, and the Hang Seng Index and the East Asian Index were also hit hard.

However, today is obviously not over yet. Global Shipping announced through TVB that in order to reduce competition in the Xiangjiang shipping market and also to better develop the group in the ASEAN market, the group headquarters has been relocated to Sin Chew.

Hongya Airlines also issued an announcement on this day. For its own better development, the company's headquarters has been relocated to Bangkok. In the future, it will focus on the development of major cities within ASEAN and routes from major cities in ASEAN to major cities in East Asia.

Also making announcements on this day were Wellcome Supermarket, Far East Shipping Group, South China Motor Company, Jardine Land Group, Swire Beverage Company, Jiehua Daily Chemical Group, Donghua Machine Tool Company, Donghua Garment Trade City Development Company, etc.

These are only listed companies, and it is not known how many unlisted SME headquarters will choose to relocate.

Originally, the financial reports of major listed companies were about to come out last year, and the property market in Xiangjiang had risen rapidly in the past six months. Even because of the black swan impact of the Falkland Islands incident, the three major stock markets in Hong Kong generally continued to rise.

As a result, today, because of this series of announcements, Black Friday was forced to happen. Fortunately, when many announcements were released, the stock market had already closed, otherwise it would have fallen even worse.

In Rong Zhixin's living room, watching the news, Mr. Rong said angrily to Rong Zhixin beside him: "Rong Zhixin, tell me what exactly you want to do, this is to express dissatisfaction with us and fight back Do you know the consequences of doing so?"

"Uncle Si, it's useless for you to get angry with me, this matter has nothing to do with me, and I don't have that much ability.

And these companies are right. You are also aware of the speed of ASEAN's development in recent years. They are only doing this for the better development of the industry and to earn more benefits for themselves.

Take airline companies as an example. With the rapid development of Xiangjiang Airlines in recent years, there is no such thing as Cathay Pacific and Hongya in the Xiangjiang market. The two companies are now forced to do so. "

Faced with Rong Zhixin's accompaniment and aggrieved expression, Mr. Rong was even more furious.

Immediately reprimanded: "According to what you mean, it is our reason, you have nothing wrong, right?

More than a dozen listed companies announced the relocation of their headquarters on the same day. Don't you know how influential and destructive this is?Even if your corporate headquarters is going to be transferred, can't you take some time off?
I think you are dissatisfied that we do not provide you with the development space to become a consortium or even a chaebol, so you have compiled this for us to see.

Do you have the same idea as Li Jianhui and others, there is no place to stay here, but you have your own place to stay, and you plan to move the whole family to ASEAN? "

"Uncle Si, drink some tea and calm down the fire. I have no plans to move. This is the root of my branch. It would be better for me to stay here and develop.

And you are thinking too much, we are just businessmen with no power and power, how dare we dare to make troubles, this time we probably bumped into each other, there was absolutely no communication beforehand.

For example, Hongya Airlines, as early as September last year, planned to relocate its headquarters to Bangkok, focusing on the development of routes to major cities within ASEAN.

In this regard, it should be explained that Xiangjiang Airlines mainly develops cross-border routes in ASEAN, especially ultra-long-distance routes, such as routes from ASEAN to Europe and the Americas. Hongya Airlines will not face much resistance in entering ASEAN.

But you have to be clear that there is a condition to enter the development of the aviation market within ASEAN, that is, the headquarters of airlines must be within ASEAN.

In this regard, I believe you should understand the reason. Compared with the north, the requirements of ASEAN are already relatively low, and there is no requirement for the government to hold or hold shares.

And we are just trying to protect ourselves, say something disrespectful, may I ask Si Bo, how much of our Rong family's ancestral property have you kept?
Don't forget, our Rong family is a commercial family, not a Zhengzhi family. At the beginning, you and my father and other six brothers stayed in the north. Our branch came to Xiangjiang, and the other branches were in Baodao, Australia, and the United States. Brazil, what is all this for you shouldn't understand?

Not to mention that we don't currently have the whole family's intention to transfer the ASEAN, even if we do, it's just for the better development of the Rong family and for the inheritance of the Rong family's blood, so what's wrong with me? "

Elder Rong was speechless for a long time. He didn't expect his nephew to refute him like this. He also understood the core of the problem this time.

Family, this is the core of China's development generation after generation for thousands of years, and it is obvious that the business elite represented by Li Jianhui and others are for this. Family interests are above everything else in these people's hearts.

And his nephew is obviously also a fellow traveler of Li Jianhui, and he also hopes to revive the glory of the Rong family.

Also because I have my own branch, it is also destined that my nephew's branch cannot lean towards the north. This is a typical egg that cannot be put in one basket. Li Jianhui is also doing this. All in one country.

He is not qualified to criticize and criticize Li Jianhui and others, and he is not even qualified to reprimand Rong Zhixin, because he belongs to the Rong family, and the Rong family did this decades ago.

He didn't say anything to Rong Zhixin, he got up and said goodbye and left. He needed to discuss with Liao Lao and Li Jushen immediately, and at the same time communicate with the higher-ups to see if it was necessary to stay in Xiangjiang.

At this time, Mr. Liao and Li Jushen were having a meeting, and today's incident also caught them off guard. They also did not expect the business community to be so reckless, regardless of its impact.

Now the pressure has shifted to their heads. The sharp drop in the stock market is just the beginning, and I'm afraid there will be more problems in the future.

If they don't come up with a set of effective methods as soon as possible, there will be extremely serious consequences.

(End of this chapter)