Through the wealth life

Chapter 538
On the morning of May 5, as soon as Li Guangyu came to the office, Gan Qin reported to him about the situation at the Wellcome Supermarket.

Since Wellcome did not follow up with a [-]% discount sale in the past two days, there were very few customers at Wellcome Supermarket in the past two days.

It was the failure of Wellcome Supermarket to follow up in time, which made the citizens worry that the discount would not last for too long. Therefore, Hengyu Supermarket and Watsons had very large customer traffic in the past two days, and some products that were easy to store for a long time suffered a wave of panic buying.

Fortunately, Hengyu Supermarket and Watsons were well prepared. The panic buying did not put too much pressure on the two supermarkets, and both supermarkets maintained normal business hours.

These two days have put a lot of pressure on Wellcome Supermarket, perhaps because they are unwilling to withdraw from the Xiangjiang market, or because the shareholders behind them want to slow down the expansion of the Li's consortium in this regard.

Just today, Wellcome Supermarket also had a [-]% off sale. It seemed that they were determined to fight the Li's consortium to the end.

After listening to Gan Qin's report, Li Guangyu said to him, "You inform Zhou Liangshuyi and the others to make some reports on it, especially for me to exaggerate the losses."

Because of today's Saturday, Li Guangyu doesn't need to worry about the problems in the stock market. He has already discussed with Zheng Yutong, Li Ka-shing and others. If anyone sells the outstanding shares of Hutchison Whampoa, it will be taken over by Ho's investment company , so that the Hutchison Whampoa Group has completely become a combination of their interests.

Afterwards, Li Guangyu himself called Li Xuelan himself and asked her to prepare for the [-]% off sale starting tomorrow.

Now Li Guangyu found that such procrastination was not only bad for the Jardine Group, but also very bad for himself, and the conversation with Youde yesterday also gave him some ideas.

The British consortium must be suppressed here, but it is not necessary to squeeze them all out of Xiangjiang, like the Swire Group.

He now needs some groups that have some influence in Xiangjiang, but can't threaten the existence of some groups that are not Chinese-funded families in the Li Group. Their existence is indeed beneficial to the Li Group.

As for Li Guangyu of the Jardine Mathematics Group, he didn't think about killing them all. He only needed to eat Wellcome Supermarket and Dairy Milk International under the Jardine Mathematics Group, and he had no idea about them at Jardine Landmark.Li's owns three real estate groups and has invested in several real estate groups. Jardine Land is of no use to Li's group.

Li Guangyu himself thought it was good, but the future development might not go as he wanted.

While Li Guangyu was preparing to continue the price war, Shen Bi, Henry Keswick, and George Lavin were at the Wellcome Central store to see if the customer flow returned after following up on discounts.

The result made them a little disappointed. Although the passenger flow was a little more than the previous two days, it was still a lot worse than before.

When he came to the box of a tea house, Henry Keswick said: "This is mainly due to the many products that many citizens have bought in large quantities in the past two days, and after our follow-up, they are not worried that this discount will end in the short term. That’s why this happened.”

Shen Bi wasn't worried about today's passenger flow. What they were worried about now was the next move of the Li's consortium. Since that side had already adopted the method of hurting people with their own roots, the [-]% discount would obviously not be the other party's bottom line. After follow-up, there will definitely be further action.

This [-]% discount took a lot of effort to convince the directors of HSBC Bank. If the price reduction continues, he doesn't know what reason he should find to discuss with these directors to continue to follow up.

Selling at the current price, Wellcome will lose tens of millions of Hong Kong dollars every month. If the price is lowered again, the loss may be hundreds of millions of Hong Kong dollars. This is not something ordinary groups can bear.

Shen Bi said: "Keswick, Lavin, where is the bottom line of your price reduction? I think you are also aware that the current price will definitely not be the bottom line of the Li's consortium. They will probably make adjustments tomorrow. I wonder what your plans are?"

George Lavin's headquarters has already drawn a bottom line for him. Standard Chartered Bank is still willing to bear the loss at a price of [-]% off. Once the price falls below this price, Standard Chartered Bank will not follow up.

Henry Keswick's side is also under a lot of pressure. The current loss has made him grit his teeth and insist on it. He himself is also the designated [-]% off position.

Once the price is lower than this price, no matter how unwilling he is, he can only abandon Wellcome Supermarket. He cannot let one Wellcome bring down the entire Jardine Matheson Group.

In his heart, he was quite speechless about Li Guangyu's practice of not caring about profit and cost. This is a typical vicious competition. It's a pity that the government is unwilling to stop it, and the citizens of Xiangjiang are even more happy to see it succeed.In addition, there are only three of their supermarkets now, and he has nothing to do without harming the interests of the public.

Shen Bi has nothing to do about it now. When he bought shares in Jardine Holdings Group, he was thinking of selling them at a [-]% discount, so that there would be no big losses, and they could still bear it.

It's just that the two major banks of my own have just entered, and the situation maintained by the Li's consortium for several months was immediately broken, making their two major banks face a dilemma.

Shen Bi was wondering if the Li consortium was waiting for his two major banks to enter the game, otherwise the price war would not have continued for several months, and it would have started just as soon as he and others entered the market.

If Li Guangyu started the current model ahead of schedule, then HSBC would definitely not take a stake in Jardine Matheson Group.

The more Shen Bi thought about it, the more he felt that this was a conspiracy by the Li consortium to tie the two major banks to Jardine's chariot, and if any major problems occurred in Jardine, the two banks would also be implicated.

Shen Bi said: "We have to make more preparations for the future now. Today's price cut will definitely drop sharply when the stock market opens the day after tomorrow. At that time, our two banks will also be affected. .Once the Lee consortium takes further action tomorrow, if we keep following up, some investors will definitely sell the shares of Jardine Holdings Group."

Henry Keswick said helplessly: "We don't have much to do about this matter. No matter what we do, Jardine Holdings Group will plummet in the stock market. Wellcome Supermarket was one of the important profit supporters of Jardine Holdings Group in the past. .”

George Lavin then said: "For the time being, we can't take care of that much anymore. You have to pay attention to the situation at Hengyu Supermarket. Once the price exceeds our ability to bear it, you should stop buying from your side. Sorry for that. Some goods should be cleared."

In fact, all three of them knew that Wellcome was powerless. The Li consortium could bear such a huge loss. They had other groups to give blood transfusions to Hengyu Supermarket. The monthly profit of the consortium is enough to support Hengyu Supermarket to fight a price war.

When they met someone like Li Guangyu who didn't take money as money, they had no choice but to admit it. At the same time, they were also thinking about who the Li consortium would target next.

Among them, Shen Bi was more worried than these two. These two had a way out, and they could withdraw from Xiangjiang if they were in a hurry.But HSBC has its roots in Xiangjiang. Once the Xiangjiang market is lost, HSBC will no longer be the current HSBC.

(End of this chapter)