The Wealth Empire Crossing the Hong Kong

Chapter 717

In the new week, major listed companies announced last year’s financial reports one after another, but the excellent performance failed to stop the stock market’s decline. Last week experienced Black Friday, and this week ushered in Black Monday and Black Tuesday.

The three major indexes fell collectively, and many leading stocks suffered heavy losses. The stock prices of Xinjian Real Estate and Lane Crawford fell below 1800 billion Hong Kong dollars, and HSBC also fell below 1600 billion Hong Kong dollars.

At this critical juncture, the Xiangjiang Securities Management Office organized a special meeting of directors of the three major exchanges.

There was only one topic on the agenda, and that was the merger of the three major exchanges. There had been meetings on this topic before, but at the beginning, Tung Wah Association was based on Xiangjiang, so it strongly opposed it.

But now Tung Wah Association wants to focus on supporting the exchange that has been relocated from Kuala Lumpur to Johor Bahru, so it will no longer pay so much attention to the Far East Exchange.

At the meeting, after communication among all parties, it was agreed that the three major exchanges would be merged, and the official implementation time would be after the Spring Festival. At that time, Xiangjiang would only have one exchange, named Xiangjiang United Exchange.

In terms of equity, after some wrangling, the Monetary Authority holds 5% of the shares, the British capital holds 30% of the shares, Donghua Club holds 30% of the shares, Sun Hung Club holds 15% of the shares, New Asia Club and Nanjiang Club each hold 10%. After the merger, the chairman of the exchange will be Daniel, the current chairman of the Hong Kong Stock Exchange.

After the meeting, Li Jianhui, Li Guobao, Lei Juekun, Zhang Guangwen, Li Zhaoji, Li Chaoren, Zheng Yutong, Guo Desheng, Feng Jingxi, Chen Zengxi, Qiu Degen, Lin Boxin and others held a separate consultation meeting.

This is the first time that everyone has been so harmonious since the British consortium retreated, and it is also the first time that so many cooperations have been reached.

Starting from this month, the products of the three major associations of Xinhong, Xinya and Nanjiang will enter the channel of Donghuahui, including Lai Sun Clothing and Kwai Tsing Electric.

At the same time, Hutchison Properties will transfer the land in Repulse Bay to Nanjiang Club at a price of 85 billion. He won the land at auction in June last year, which is only 5 million Hong Kong dollars more expensive. A series of follow-up work, as well as half-year interest of 80 billion Hong Kong dollars, in fact, Hutchison Land is selling at a loss this time.

Of course, there are conditions for Donghua to make concessions. In the next five years, several parties will fully support the development of the ASEAN market and increase the influence of Chinese in ASEAN.

Especially for the Malay market, several parties will jointly develop important cities in Malay such as Johor Bahru, Nanxin, Xiangfei City, Penang, and Kuala Lumpur.

The biggest one is that several parties, together with the Nanyang Consortium, the Rose Consortium, and the governments of Malay and Thailand, jointly build and connect Chiang Rai in the north of Thailand, pass through Chiang Mai, go south through Bangkok, continue south through Kuala Lumpur, and end in Johor Bahru to Tanjung in Nanxin City The express railway at the port of Palapas has a total length of more than [-] kilometers.

Of course, due to the huge investment, according to the actual needs of all parties, priority will be given to the construction of the line from Kuala Lumpur to Tanjung Pelepas Port via Johor Bahru.

In fact, seriously, what is most needed at present is the section from Chiang Rai to Bangkok via Chiang Mai. As for the section from Kuala Lumpur to Nam Singh, it is really not urgent. After all, Kuala Lumpur has its own port for cargo transportation. It is only 35 kilometers away.

Moreover, the construction of the expressway from Kuala Lumpur to Johor Bahru has basically been completed in the past few years. After the ASEAN-Xiangjiang Economic Cooperation Forum ends in Sinzhou in March, it will be officially put into operation. Many representatives of the Xiangjiang business community have received invitations for the opening ceremony.

Coupled with the support of several major airlines, it is quite convenient for people to travel, so the impact of this line is not very big.

However, since Tung Wah will focus on the development of the Malay market, the first phase of construction will be from Kuala Lumpur to South Tanjung Pelepas Port.

The other project is real estate development. Johor Bahru and Rayong don't join in the fun because they have Tung Wah Club investing huge sums of money to build the city's central business district.

This time, after discussions between several parties, the real estate companies of several parties will jointly develop Cebu and Bandung, and build a central business district in each city, with an estimated total investment of [-] billion Hong Kong dollars.

The candidates for the inspection of the two central business districts are led by Zheng Yutong, including Guo Desheng, Chen Zengxi, Zong Liyuan, president of Hutchison Real Estate, and Li Huidong, president of Xinjian Real Estate.

Accompanying them were representatives at the vice president level from many real estate companies including Cheung Kong, Henderson Land, Kowloon Construction, Guanghua Construction, Chinese Land, Zhouxing Properties, Chinachem Group, and Xinhui Real Estate.

It can be said that the scale is quite large, and the weight is also important. Behind each of them represents a company with a market value exceeding [-] billion.

After all matters were discussed properly, Li Zhaoji said with a smile: "Everyone, we are in the same boat now, and we hope to strengthen cooperation in the future, and we will work together so that our Chinese enterprises can have a place in the world."

"Our Nanjiang Association has always hoped to strengthen cooperation with everyone, but many times it is just our wishful thinking.

This time, everyone put aside past grievances and worked hard for a common goal. I hope that today is just the beginning of our cooperation, and our cooperation will become closer and closer in the future.

My eldest son will be permanently stationed in Cebu after the Spring Festival, Donghua will have a great influence there, and I hope everyone can take care of him in the future. "

Zheng Yutong also said that his eldest son will be stationed in Bandung after the Spring Festival, and please take care of him in the future.

The audience heard the meaning behind the words. With Tung Wah Club focusing on developing Malaysia and Sun Hung Club also starting to deploy the Thai market, it seems that Nanjiang Club is going to focus on the Philippines, and New Asia Club will focus on Indonesia. Cebu and Bandung are obviously its bridgeheads for entering the Philippine market and Indonesia.

Li Jianhui doesn't have much opinion on it. Although Malay is the least populous of the four countries, it also has the largest proportion of Chinese, and the internal situation is much simpler than the other three countries. In addition, it is also a member of the Commonwealth of Nations, which is more beneficial to Donghua. The goal will be achieved in a short time.

Moreover, in order to influence the entire ASEAN, Donghua Society alone is far from enough. It also requires the joint efforts of Xinhong, Xinya, Nanjiang and even Nanyang.

Moreover, all parties have sent out their heirs this time, which is enough to show the determination of all parties' capital to enter the ASEAN market on a large scale.

Li Jianhui also gave all parties a reassurance, saying that in the ASEAN market, all parties will work together to face competition from local forces and European and American forces.

In the Southeast Asian market, channels including Lane Crawford, Watsons, IKEA, Tesco, Cosway, Success Department Store, and Donghua Clothing Trade City are all open to several parties.

At the same time, the goods needed for the trade between the Aodong Trading Group and the Warsaw Pact member countries, in addition to the Donghuahui's own, will also give priority to purchasing from several companies.

Seeing Li Jianhui's generosity this time, Li Zhaoji and others were also very happy, and each of them expressed that they would try their best to help the Donghua Association achieve its goals in the ASEAN market in the future.

As for what these people think in their hearts, it is unknown. At least Li Jianhui knows that these parties will never give up the northern market, and now they are more likely to bet on both sides. This means that these people are just arranging heirs to stay permanently. It can be seen in the ASEAN market.

Of course, Li Jianhui was not much better, even though he danced fiercely, but Donghuahui never thought of giving up the northern market on its own.

Moreover, the largest domestic sales of products in the north is Donghuahui. Whether it is Hongyu Clothing, Xinyang Clothing, or even Amoy Group, they all have production bases dedicated to domestic sales. Compared with Donghuahui, the other parties are really small. See the big witch.

It's just that Donghuahui is not sure whether such a big commotion will affect the development of these enterprises in the north.

……

(End of this chapter)