Chapter 551: Don't get your hopes up
On the morning of May 22, as soon as Li Guangyu came to the office, Gan Qin reported to him about the situation at the Wellcome supermarket.
Because Wellcome did not follow up with a six-fold sale in the first two days, there were very few customers in Wellcome supermarket in the past two days.
It was Wellcome Supermarket that did not follow up in time, which made the citizens worry that the discount would not last too long, so the traffic of Hengyu Supermarket and Watsons was very large in the past two days, and some products that were easy to store for a long time suffered from a rush to buy.
Fortunately, Hengyu Supermarket and Watsons have been prepared, and this rush did not cause too much pressure on the two major supermarkets, and both supermarkets maintained normal business.
In the past two days, Wellcome has put considerable pressure on Wellcome, perhaps because they are unwilling to withdraw from the Hong Kong market, or because the shareholders behind them want to slow down the expansion of the Li consortium in this regard.
Just today, Wellcome Supermarket also carried out a six-fold sale, and it seems that it is determined to fight with the Li consortium to the end.
After listening to Gan Qin's report, Li Guangyu said to him: "You inform Zhou Liang Shuyi and let them make some reports on this, especially the losses in it exaggerate to me." ”
Because of today's Saturday, Li Guangyu does not need to worry about the problems in the stock market, he has already discussed with Zheng Yutong, Li Ka-shing and others that if someone sells the outstanding shares in the Hutchison Whampoa market, it will be taken over by Ho's Investment Company, so that the Hutchison Whampoa Group will completely become a combination of the interests of several of them.
Then Li Guangyu personally called Li Xuelan and asked her to prepare for a five-fold sale from tomorrow.
Li Guangyu now finds that dragging on like this is not only bad for Jardine Matheson, but also very bad for himself, and yesterday's conversation with Youde also gave him some ideas.
The British-funded consortium will definitely suppress it, but there is not much need to squeeze them all out of Xiangjiang, and it would be good to be like Swire Group.
He now needs some groups that have some influence in Xiangjiang, but he can't threaten the existence of some groups of the Li group that are not Chinese-funded families, and having their existence will indeed have a lot of benefits for the Li family.
Li Guangyu didn't want to kill Jardine Matheson Group, he only needed to eat Jardine Matheson's Wellcome Supermarket and Milk International for it, and he didn't have any idea about Jardine Matheson Land. Lee's has three real estate groups, and has invested in several real estate groups, and Jardine Land is of little use to Lee's group.
Li Guangyu thinks it's very good, but I'm afraid that everything will not go as he wants in the future.
When Li Guangyu was preparing to continue the price war, Shen Bi, Henry Keswick and George Lavine were at the Wellcome Central store to see if the customer flow had returned after the follow-up discount.
As a result, they were a little disappointed, although there were more customers than the previous two days, but it was still a lot worse than before.
Coming to the box of a tea house, Henry Keswick said: "This is mainly due to the fact that many citizens have already bought a lot of products in large quantities in the previous two days, and after we follow up, they are not worried that this discount will end in the short term, so this situation will occur." ”
Shen Bi is not worried about today's passenger flow, what they are worried about now is the next move of the Li consortium, since the other side has taken the approach of hurting people, the six folds will obviously not be the bottom line of the other party, and after their side follows up, they will definitely take further action.
It took a lot of effort to convince the directors of HSBC that if they continued to reduce the price, he did not know what reason he should find to discuss with these directors to continue to follow up.
At the current price, Wellcome will lose tens of millions of Hong Kong dollars every month, and if the price is lowered again, I am afraid that the loss will be hundreds of millions of Hong Kong dollars, which is not something that ordinary groups can afford.
Shen Bi said: "Keswick, Laven, where is the bottom line of your price reduction, I think you also know that this price will definitely not be the bottom line of the Li consortium now, they estimate that they will make adjustments tomorrow, I don't know what your plans are?"
George LaVine's headquarters has already drawn a bottom line for him, and Standard Chartered Bank is willing to bear the loss at this price of 5%, and once it falls below this price, Standard Chartered Bank will not follow up.
Henry Keswick's side is also under a lot of pressure, and the current losses have made him grit his teeth and persevere, and he himself is also demarcated by the position of five folds.
Once it is lower than this price, even if he is unwilling, he can only abandon the Wellcome supermarket, and he can't let one Wellcome drag down the entire Jardine Group.
He was quite speechless in his heart for Li Guangyu's practice of not caring about profits and costs, which was typical of vicious competition, but it was a pity that the government was unwilling to stop it, and the citizens of Xiangjiang were even more happy to see it. In addition, the three of them are now in the supermarket, which has not harmed the interests of the public, and there is nothing he can do.
Shen Bi can't do anything about it now, when he bought a stake in Jardine Holding Group, he was thinking about selling at a seven-fold discount, so that there would not be too much loss, and they could still bear it.
It's just that their two major banks have just entered, and the situation maintained by the Li 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 he would not continue to fight the price war for several months, and it would have started as soon as he and others entered the market.
If Li Guangyu had started the current model in advance, then they HSBC would definitely not have taken a stake in Jardine Matheson.
The more Shen Bi thought about it, the more he felt that this was a conspiracy of the Li consortium, in order to tie the two major banks to the chariot of Jardine, and once there was any big problem in Jardine, the two major banks would also be implicated.
Shen Bi said: "We now have to make more preparations for the future, today's price reduction, when the stock market opens the day after tomorrow, the shares of Jardine Holding Group will definitely fall sharply, and our two banks will also be affected by some impact." If the Lee consortium takes further action tomorrow and we follow up, there will definitely be some shareholders who will sell the shares of Jardine Matheson Holdings. ”
Henry Keswick said helplessly: "We don't have much to do about this, no matter how we operate, Jardine Matheson Holding Group will fall sharply in the stock market, and Wellcome Supermarket used to be one of the important profit supports of Jardine Holding Group." ”
George LaVine continued: "For the time being, we can't take care of so much, you have to pay attention to the situation in Hengyu Supermarket now, once the price exceeds our affordability, you don't need to buy anymore, and clear the existing goods." ”
In fact, the three of them all know that Wellcome is powerless, the Li consortium can bear such a huge loss, they have other groups to Hengyu Supermarket blood transfusion, not to mention a five-fold discount, even a discount sales they dare, the Li consortium's monthly profit is enough to support Hengyu Supermarket to fight a price war.
When they met people like Li Guangyu who didn't treat money as money, they could only admit it, and at the same time, they were also thinking about who the Li consortium would target next.
Among them, Shen Bi is more worried than these two, both of them have a way out, and they can withdraw from Xiangjiang if they are in a hurry. But HSBC's roots are in Xiangjiang, and once the Xiangjiang market is lost, then HSBC will no longer be the current HSBC.
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