Chapter 549: Calculations by all parties
Early the next morning, the major newspapers in Hong Kong carried a large number of reports on the matter of HSBC and Standard Chartered taking a stake in Jardine Matheson Holding Group.
At the same time, some newspapers led by Xiangyu Daily reported to the outside world that Hengyu Supermarket and Watsons joined hands to give back to the people of Xiangjiang for their support to the Li Group and several major Chinese groups, and from today on, they will carry out a 60% off sale.
When countless Xiangjiang citizens saw this news, they all felt that the Li consortium was determined to snipe at Wellcome this time, and vowed not to give up if Wellcome was not squeezed out of the Xiangjiang market.
At the same time, they are very happy in their hearts, in the past few months, their cost of living has dropped a lot, this time the price is reduced again, and they can save a lot of money. They hope that Wellcome will follow up like they did three months ago, so that they can enjoy the benefits for a long time.
At Henry Keswick's home, he also saw reports about Hengyu Supermarket and Watsons' 60% off sales. As the propaganda position of the Li Consortium in Xiangjiang, Xiangyu Daily, he naturally had an order to facilitate him to understand some of the movements of the Li Consortium.
Although Henry Keswick knew that HSBC and Standard Chartered had entered, the Li consortium would definitely fight back, but it didn't come so quickly and so ruthlessly.
He knows very well that this is the time to make his own choice again, either choose to follow up and continue to consume Li Guangyu, but this must be prepared for huge losses. Either prepare to clear the Wellcome supermarket and prepare to close down.
Henry Keswick was obviously unwilling to let the Wellcome supermarket close like this, in order to keep the Wellcome supermarket, it took a lot of effort to bring HSBC and Standard Chartered in, and it was not two days before the Wellcome supermarket closed, so what did he have to do, and his previous efforts were in vain.
Henry Keswick picked up the phone at home and immediately contacted Shen Bi and George Lavin, he needed to discuss with these two, in the face of the Li consortium's hurtful approach, he could not make the decision alone.
Shen Bi himself also saw the report about the six-fold sales of Hengyu Supermarket and Watsons, and he felt a great headache. He knew that there were many groups under the Li consortium, and they could not care about this loss, but the Jardine Group could not.
Originally, Jardine Matheson Group was relatively financially tight now, and at this time, it had to spend tens of millions of Hong Kong dollars every month to subsidize Wellcome supermarkets, which was too difficult.
At the same time, for Li Guangyu's extreme action, Shen Bi also felt a deep chill. In order to bring down Wellcome, the Lee consortium now doesn't care about the cost at all.
This is rarely seen in other group competitors, especially those listed companies, who must be accountable to shareholders, and such decisions can cause the company's market value to plummet.
He didn't know why Hutchison Whampoa would agree to such a decision, and Shen Bi didn't want to look for the reason for this at this time. He knew that this must be a few major Chinese families preparing to play with Li Guangyu, and he didn't care about this loss.
As for the stock market crash, Li Guangyu is no longer one or two privatized listed companies, and he definitely doesn't care about delisting Hutchison Whampoa Group again.
Facing such a consortium that didn't care about the group, Shen Bi felt a headache. In particular, the vast majority of groups such as the Lee consortium are owned by Li Guangyu alone, and Li Guangyu alone has the final say in everything.
For example, the issue of this discount, if there were more shareholders, how could it be implemented in such a short time, HSBC and Standard Chartered only entered the market yesterday, and today they will be discounted.
Shen Bi was also speechless at the same time for Li Ka-shing and Lee Shau-kee, they are all top families in Xiangjiang, why follow Li Guangyu behind, these top families are united, it is too difficult for these forces to develop and grow in Xiangjiang.
Shen Bi now very much hopes that the Chinese-funded family can fight among themselves, so that their pressure will be much less.
It's a pity that he is very disappointed at present, originally on Cathay Pacific Airways, Shen Bi buried a thunder for the Xiangjiang family, that is, he hoped that Cao Guangbiao and his Ningbo families could fight with the Li consortium.
As a result, Cao Guangbiao did not disappoint him, and on the side of Cathay Pacific Airways, not only Bao Yugang and Dong Haoyun, who are also from Ningbo, were also pulled in, but also Huo Yingdong and Hu Yingxiang and others were also brought in.
Shen Bi originally thought that he and others were watching the show on the side, but he didn't expect the Li consortium to act very sharply, and directly crippled Cathay Pacific Airways. Moreover, the Li consortium was quite restrained, and did not target the other industries of these major families, which made Shen Bi's idea come to naught.
However, what made him feel relieved was that after this incident, Bao Yugang did not join the interest group on the Li consortium now, which indirectly reduced the power of the Li consortium, and at the same time made the Li consortium and the big families have a gap in their hearts.
Shen Bi is now thinking about some of the chips in his bank's hands, to see if there is anything that the Li consortium wants to interfere in, and other families are willing to take over.
He wants to find some people in the Xiangjiang Chinese family to come out and stand on the other side of the Li consortium to distract the Li consortium.
If there are more such families, he will be able to HSBC to be safer, and once there is a gap between these families and the Li consortium, their business will be transferred to their side.
Shen Bi is calculating the Li consortium here, what he doesn't know is that the Li consortium is also calculating HSBC, but the time is a little long-term, and once the plan of the Li consortium is completed, Shen Bi is so angry that he vomits blood.
Lee Guangyu has long had plans for Standard Chartered and HSBC, and the focus is on the depreciation of the Hong Kong dollar, the current exchange rate between the Hong Kong dollar and the US dollar is 5.2:1, and by September next year, the exchange rate will soar to 9.8:1 in just over two months and then return to the fixed exchange rate of 7.8:1.
Li Guangyu will pit HSBC and Standard Chartered this, although most of the losses are depositors' money, but Li Guangyu will make their two major banks not make much money in this time.
And Li Guangyu is not targeting these two major banks in the end, he knows that it is impossible to squeeze these two major banks out of the Xiangjiang market, Li Guangyu is going to attack HSBC's Hengfeng Bank, which is in the name of a Chinese-funded bank, but it is actually HSBC Holdings, and Li Guangyu has targeted them this time.
After receiving a call from Henry Keswick, Shen Bi told him that he needed to consult with the bank's directors before he could decide on the attitude of HSBC on Wellcome's side.
And George LaVine from Standard Chartered Bank replied quite simply this time, telling Henry Keswick not to worry, Standard Chartered Bank supports all his decisions.
Henry Keswick was very surprised to receive such a reply, but it made him happy, so that he would have a lot less trouble.
In fact, what Henry Keswick didn't know was that there was something going on at the headquarters of Standard Chartered Bank this time, and Khoo Teck Puat of the Singapore consortium had acquired a part of the shares of Standard Chartered Bank and became a shareholder of Standard Chartered Bank.
Tianyu Bank, a subsidiary of the Lee consortium, has put a lot of pressure on them in Malaysia, hoping that Jardine Matheson Group will hold back the Lee consortium in Hong Kong so that the Lee consortium will not be able to expand outside with all its might.
Wonderful Book House