Hong Kong Island's New Rich Era

Chapter 31 Sam Walton

"Okay, then please help me prepare the materials, Mr. York, and we will sign the loan agreement this afternoon."

York was very happy. He had made another deal. This was his achievement. Then he took out a document from his briefcase, handed it to Liu Zhicheng with both hands, and said.

"Mr. Liu, here are some investment materials I have compiled recently. If you are interested, you can take a look. If you have anything you want to know, you can contact me at any time."

The more the customers invest, the more commission he gets, so he naturally hopes that Liu Zhicheng will have more investment needs in Beautiful Country.

"Okay, put it here. If I need anything, I will contact you as soon as possible." Liu Zhicheng said after taking the document.

"Okay, thank you Mr. Liu. I hope we can have more pleasant cooperation. I won't bother you anymore. See you in the afternoon." After York finished speaking, he stood up and said goodbye.

"Okay, Mr. York, see you this afternoon."

In the afternoon, the two parties signed an equity pledge loan agreement at Citibank, and Liu Zhicheng successfully received tens of millions of US dollars in cash.

After Citi confirmed with Walmart again, Liu Zhicheng and his team were invited by founder Sam Walton.

After all, the acquisition of 10% of the shares by outsiders had to attract the attention of Sam Walton, and he had to understand Liu Zhicheng's intentions.

The aviation industry in the United States is very developed. New York is not far from Arkansas. After a two-hour flight, we landed at the destination airport.

Walmart attached great importance to Liu Zhicheng and his team, and specially arranged company personnel and vehicles to pick them up at the airport.

After everyone got in the cars, two commercial vehicles started and drove towards Walmart's headquarters in Bentonville, Arkansas.

The city of Bentonville is not very big, and most people in the United States don’t know about this city, but that doesn’t affect the strength of Walmart supermarket.

After nearly half an hour's journey, the convoy arrived at a six-story building in Bentonville, where Liu Zhicheng would meet with Walton.

"Hello, Mr. Walton."

Liu Zhicheng met Sam Walton, the founder of Walmart, in this inconspicuous six-story building. If they had not met here, no one would believe that this little old man would be the richest man in the United States ten years later.

"Call me Sam, Mr. Liu." Sam Walton shook Liu Zhicheng's hand and said generously.

"Okay, Mr. Sam, you can call me Liu." Liu Zhicheng also replied with a smile.

"Please take a seat, Liu."

"Thank you." Liu Zhicheng gestured for Mr. Walton to sit down first.

After a while, someone brought coffee and Liu Zhicheng also expressed his gratitude.

Without much greeting, Sam Walton spoke directly.

"Liu, your investment in Wal-Mart is not a small amount. With this money, there are many industries that can be invested. Can you tell me why you chose to invest in Wal-Mart?"

"Because I am optimistic about the supermarket industry, I am also optimistic about Walmart's business model, and I am even more optimistic about Mr. Walton's personal charm. I believe Mr. Walton can create miracles." Liu Zhicheng said with a smile.

A stock can increase 27 times within 4900 years after its listing, which can be said to be the greatest miracle in human business history.

"Thank you for your recognition, Liu."

Sam Walton looked pleased and continued, "Which model of Wal-Mart do you think is good?"

"Small profits but quick turnover." Liu Zhicheng said slowly, "I have always believed that the retail industry should focus on small profits but quick turnover. Only companies that can control sales costs and pass on profits to consumers can achieve ultimate victory."

Since its early days, Walmart has firmly followed the path of small profits but quick turnover, choosing to build supermarkets in the suburbs, reducing its own operating costs, and insisting on creating profits based on sales volume.

"After the oil crisis in the United States, people's income decreased, but prices rose. Consumers just need high-quality and low-priced goods," said Liu Zhicheng.

"So, it was the oil crisis that made you decide to invest heavily in Walmart stock?" Sam Walton nodded and asked with a smile.

"It can be said that in the past, when people went shopping, they would choose supermarket giants such as Celtic or Sears. But the oil crisis changed people's living habits. They wanted to buy cheaper goods, and Walmart, with its low prices and good quality, just fit the bill," Liu Zhicheng said with a smile.

"Walmart only has 120 supermarkets. If it wants to challenge Celtics or Sears, it is still a long way off," said Sam Walton with a smile.

"It's now, maybe ten years later, Celtic will have to face the challenge of Wal-Mart," Liu Zhicheng said.

"Liu, you believe in my company more than I do. My dream is 20 years later." Sam laughed.

Liu Zhicheng also started laughing, and the friendship between the two sides was greatly enhanced.

Walmart supermarket’s sales are now increasing by 3% to 5% every year. Even Walton today could not have imagined that this growth rate could be sustained for decades.

"Liu, actually, I asked you to come here today mainly because I have something to discuss with you."

Sam Walton paused and continued, “After Walmart goes public, anyone can invest in public market stocks. If you think Walmart has a bright future, we welcome you to invest.”

"However, our circulating shares are only about 3%, and you alone have invested 1%. This has already had a very negative impact on the secondary market. I hope you will not subscribe to Walmart's shares. Otherwise, the stock exchange will cause trouble for us, which is not what I want."

Sam Walton said with a smile, but his eyes were fixed on Liu Zhicheng's face, as if they could see through everything and kill all living things.

"Liu, this is the United States. We can cooperate with each other instead of confronting each other for some small interests. This will be good for both you and me."

Liu Zhicheng knew that this was a warning, not because he was afraid, but because this was the real reality. So he smiled and said.

"No problem, cooperation is a win-win situation. I am willing to cooperate with Mr. Walton."

Who wouldn't want to get as much Walmart stock as possible? The return on investment is simply amazing.

But everything has its pros and cons. If they come into conflict with the Walton family because of acquiring too much equity, it will be too unprofitable. The Securities and Exchange Commission of the United States will definitely believe them instead of a yellow-skinned Chinese.

Liu Zhicheng had no choice but to agree to stop the acquisition. For the time being, he really did not dare to be blocked by some party, or in the words of later generations, it was sanctioned.

"Liu, I'm very happy to make friends like you." Sam Walton said with a smile.

Sam Walton was also unwilling to spend his own money fighting in the stock market for no reason.

"Mr. Walton, we have actually been cooperating for a long time. The electric fans produced by my company are on the shelves of Walmart."

"Oh, that's good. Looking forward to greater cooperation with you," Walton replied.

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(End of this chapter)