Through the wealth life

Chapter 464 Wellcome's Support

Hengyu Supermarket Group had just announced a [-]% discount sale, and Henry Keswick received a report from the company staff.

Henry Keswick knows very well that Jardine must follow up now, otherwise Wellcome's market will be completely squeezed by Hengyu Supermarket.

Henry Keswick said to the chairman of Wellcome Supermarket: "You guys continue to follow the Hengyu Supermarket Group. At this time, we will see who can last longer. Now you don't have to consider the issue of profitability. Wellcome Supermarket It’s enough to save money.”

The person in charge said: "I will follow your orders."

Henry Keswick immediately contacted Shen Bi and George Lavin after the head of Wellcome left. He now needs the support of these two gods of wealth.

In the past, part of the profits of Wellcome Supermarket would be used by the group for the turnover of the group's funds. Let alone providing it to the group now, it would be good if the group did not provide funds to Wellcome Supermarket. He himself did not know whether the Li's consortium would It will hurt others with its own self, which will bring considerable pressure to them.

At three o'clock in the afternoon, the three of Henry Keswick still came to the box of the Mandarin Oriental Hotel under Jardine Matheson to discuss how to deal with the attack of the Lee consortium.

Since HSBC and Standard Chartered were involved, Henry Keswick couldn't go to one of the banks, so he could only invite these two to the Mandarin Oriental Hotel.

Henry Keswick said: "Shen Bi, Lavin, Jardine urgently needs your financial support. This time, the Lee consortium obviously wants to knock us down at once."

Shen Bi and George Lavin are also paying close attention to the actions of the Li's consortium, especially the pioneer Hengyu Supermarket Group this time.They knew that once Jardine couldn't bear the pressure and retreated to the Xiangjiang market, then they and the Li's consortium would face each other head-on next.

Shen Bi said: "Keswick, where is the bottom line of your Jardines? We are also paying attention to the actions of the Li's consortium this time. You have just caught up with their discounts. They immediately continue to sell at a more favorable price. We are all concerned." I don't know where Li Guangyu's bottom line is."

Henry Keswick was also a little worried about this. Hengyu Supermarket Group was solely owned by Li Guangyu, and he didn't need to be responsible to anyone, even if he lost money, he wouldn't be held accountable by anyone.He can't do it himself. If he loses money, many shareholders will definitely be dissatisfied with it. If he insists on going his own way, it is very likely that those small shareholders will choose to transfer their shares.

Henry Keswick said: "We, Jardine, can only make a decision based on the actions of the Lee Consortium. We have initially set the range of [-]% off. This price can only protect capital. I believe that the Lee Consortium and our The situation here is similar, let's see if Li Guangyu will sell at a loss this time."

What Shen Bi and George Lavin were most worried about was this situation. The Li's Consortium was supported by the profits of major groups. As long as Li Guangyu was willing, Hengyu Supermarket would dare to sell at half price.

Even if it is a capital-guaranteed operation, the Jardine Group cannot afford it. Shen Bi is not very optimistic about the future of Wellcome Supermarket, but now that the British consortium is in the industrial field, only Jardine can resist the Li consortium. Once Jardine is gone, they It will also be quite difficult for the two banks to face the Li's consortium alone.

George Lavin said: "Keswick, can you convince the major shareholders of your group to support your decision in this matter. Otherwise, even if there are two of our banks supporting you financially, your group will not let you It's useless for Wellcome and Li's consortium to fight against each other."

George Lavin didn't want them to use the loan from his bank to other places, but ignored Wellcome, and he didn't want the funds that Standard Chartered gave to Jardine to be used by Jardine Land, Xiangjiang The current situation in real estate is somewhat delicate.

Henry Keswick himself could not guarantee that these shareholders were willing to continue playing with Li Guangyu like this, but he had to persevere, otherwise their Jardine properties would only be slowly eaten up by the Li consortium one by one.

He said to the two: "I will try my best to convince the major shareholders. When necessary, I will separate Wellcome Supermarket from Yihe. We plan to resist the competition of Hengyu Supermarket for at least the first three months. The three Months without profit, or even loss, I don't think Li Guangyu will continue like this, you must know that he is also a businessman, he will not do things that harm himself and benefit others."

Shen Bi and George Lavin knew Henry Keswick's plan as soon as they heard it. This man was preparing to resist a wave of attacks from the Li's consortium, and then sit down with the Li's consortium to negotiate peace and cancel such a price war. .

At that time, it is estimated that the loss of Li's consortium was not small, and maybe the price war between the two sides could really be stopped, and Jardine could also maintain their market in this area.

As for finding Li Guangyu now, it's useless. The Li's consortium needs such an action to seize the market, and they absolutely have no intention of negotiating peace at this time.

And the price war between several major supermarkets will cause countless small and medium supermarkets to fall, and this part of the market will be occupied by Wellcome, Hengyu and Watsons. By then, I will stabilize the customer flow of the Lee consortium, and then there will be peace talks. Foundation.

We must know that Hengyu Supermarket can not make money, but not Watsons. There are also many shareholders there, and it is not Li Ka-shing and Li Guangyu who can completely decide.

For Henry Keswick's plan, Shen Bi and George Lavin very much agree. Three months is neither long nor short, and Jardine can bear it, and it is estimated that the small and medium supermarkets will be closed in this short period of time. Now, the vacancy of those markets is enough to satisfy the entry of Li's consortium.

Shen Bi said: "Keswick, we at HSBC are willing to provide you with a loan for Wellcome, so that they can cope with the price war of the Lee consortium in the past few months. This money can only be used for Wellcome. Don't think about it. If it is used for other purposes, we will monitor it."

Shen Bi is well aware of some of the financial situation of the Jardine Group. They are now tearing down the east wall to make up for the west. Once a group has a problem, it will form a chain reaction at that time, especially for Jardine Land. Kang Supermarket is a little safer.

Like Shen Bi, George Lavin also requested that the loan from Standard Chartered must also be used in Wellcome Supermarket.

Henry Keswick was very dissatisfied with this, how to use his group's loan, Shen Bi and the two actually put forward restrictions, just to be able to keep Wellcome Supermarket, he did not vent his dissatisfaction.

Henry Keswick said: "You can rest assured that until the price war with Hengyu Supermarket is over, our Jardine Group will not embezzle the funds from Wellcome Supermarket."

Henry Keswick still has some other ideas. This time, he will use the shares of Wellcome Supermarket to borrow from the two major banks, and he will borrow more money there on the grounds of resisting the Lee Consortium. If the supermarket feels that it is not working well, give the supermarket to the two major banks and let them run it on their own.

Henry Keswick is now getting more and more confused about the future of Jardine. Under the successive blows from the Lee consortium, he doesn't know how long Jardine can support.

This time it was Wellcome. He believed that after the fall of Wellcome, his Milk International Company would be next. He knew that the Chinese family headed by Li Guangyu must want to take this company back.

……

(End of this chapter)