After a two-day visit in Singapore, on the evening of April 16, Lee Kuang Woo and Cheng Yu Tung attended a welcome dinner for them at the Khoo Teck Puat hotel.

In the past year, the Singapore consortium has cooperated with them in many aspects, which has changed the relationship between the two consortiums from the previous hostile competition to the direction of alliance cooperation, which has changed the relationship between the two parties in a favorable way.

One of the distinctive features of the Singapore consortium led by Khoo Teck Puat and Kwok Fong Fong-fung, Wong Cho Yew, Lee Seng Wei and others is that their ancestral homes are all in Fujian Province, which is also an important link between the consortium and allows them to unite and compete with other groups.

The core of this consortium is Khoo Teck Puat Bank, Wong Yew Cho's United Overseas Bank of Singapore, and Lee Seng Wei's OCBC Bank to form their financial flagship.

At the same time, they also take care of the two main businesses of real estate and hotels, and also involve some other manufacturing industries.

They are very similar to the Heung Kong Consortium, but the Heung Kong Consortium is mainly in the real estate industry, and the financial service industry is also supplemented. So the two of them are actually in competition in many markets.

It's just that the strength of the Lee consortium is too strong, which makes the Singapore consortium choose to back down in some places and exchange some benefits for cooperation between the two companies.

At the same time, the Heung Kong Consortium and the Lee Consortium have also made some concessions, and in their main markets, Singapore and Malaysia, as well as Indonesia, they will not vigorously enter the real estate and hotel business, and will only make some small layouts in important cities, which will not affect the interests of the Singapore consortium in these regions.

In the hotel living room, after Li Guangyu and others came in, Qiu Deba, Guo Fangfeng and others welcomed Li Guangyu and his party very warmly.

After taking his seat, Guo Fangfeng said: "Mr. Li, the construction of the Cathay Pacific Airways Changi International Airport base is halfway through, and it will be put into use by the end of this year, and the development of Cathay Pacific Airways will have a qualitative leap forward. At the same time, the construction of our Jakarta airport base is also progressing at the same time, and it will be able to be put into use early next year. ”

As a cooperation project between the two major consortiums, the development of Cathay Pacific Airways, the Singapore consortium attaches great importance to this, and has been preparing for this aspect before the acquisition, once the construction of these two bases is completed, their consortium's influence in Southeast Asia will be further deepened.

As for another cooperation project, Heung Kong Electric Group, although Guo Lingming is still the chairman of the group, the development there is still in charge of the Heung Kong consortium, and the Singapore consortium will not intervene too much.

They are very satisfied with the current development of Heung Kong Electric Group, although they have invested a lot of money, the market value of the group is rising, and they have made a lot of profits.

"We are very relieved that Cathay Pacific will be managed and planned by you, and I am confident that Cathay Pacific will be able to regain its glory in your hands, and Cathay Pacific will be one of the top airlines in Asia and even the world in the future," said Lee. ”

Qiu Teck Puat and the others were very happy to listen to Li Guangyu's words, but they knew in their hearts that Cathay Pacific Airways could not be compared with Xiangjiang Airlines, and they did not have as much financial resources as the Li consortium to invest in the airline.

They don't have that much ambition for the time being, and Cathay Pacific is currently focusing on Southeast Asian routes and mainland routes.

Guo Fangfeng said: "Mr. Li, we have been working together very happily in the past year, and we hope that we can strengthen our cooperation in the future, and we can jointly invest in some projects, which not only strengthens our strength, but also reduces the risk of unilateralism." ”

Unlike several other core members, Kwok is based on the Hong Leong Group, which is mainly engaged in the real estate, shipbuilding, hotel, tire and hardware industries.

This time, he hopes to increase the cooperation between the two parties, especially the Bentley Group to establish a production base in Malaysia, he hopes to get the supply of truck tires from this base, and this cooperation is reached, so that his tire manufacturing company will have a steady stream of orders.

Moreover, this time, the Lee consortium and the Heung Kong consortium invested 4 billion Hong Kong dollars in Singapore to build China Town, and his cement company also hopes to eat the cement supply of this project.

As for shipbuilding, he doesn't expect it for the time being, and now the major shipping groups in Xiangjiang are all expecting to sell the ships in their hands, where will they order ships again, this time they ordered four cargo ships in the state-owned shipyard, more political reasons are considered.

Li Guangyu said: "Our Li industry has always hoped to cooperate with all parties to achieve mutual benefit and win-win results, and we are also very willing to increase cooperation with your major groups to promote the common development of both sides, so that our industries can complement each other and enhance the competitiveness of our enterprises." ”

Li Guangyu is naturally aware of some of Guo Fangfeng's industries, since they have come to Singapore to develop, they naturally need to cooperate with local enterprises in some aspects, and the Singapore consortium is currently an ally with them, and it is naturally better to continue to strengthen cooperation with them.

At the same time, Li Guangyu also has a better understanding of Li Chengwei's industry, the previous generation is a wealthy man in Southeast Asia, after he took over the family business, he maintained the momentum of family development, in addition to OCBC Bank, he also has Nanyi Group, mainly a food processing group, this time Li Guangyu will also reach some cooperation with him.

In the future, the products of Nanyi Group can enter Hengyu Supermarket Group, and as long as there are Hengyu Supermarket stores, Nanyi Group's products will be able to enter these markets.

Of course, the cooperation between Lee Guangyu and the Singapore consortium will also help their hotels and financial institutions gain a firm foothold in Singapore, so that the Lee consortium can develop more smoothly in Southeast Asia.

Since both sides have the desire to cooperate, both sides were very happy at tonight's dinner, and both Guo Fangfeng and Li Chengwei got the results they wanted.

These core members of the Singapore consortium know very well that their strength is still somewhat inferior to that of the Xiangjiang consortium, but the assets of the Li consortium are more than the assets of their entire consortium, and it is very beneficial for them to be able to reach further cooperation with the Li consortium this time.

The Singapore consortium will not forget the mainland market, where the Heung Kong Consortium has more advantages than them, and their friendly cooperation with the Heung Kong Consortium is conducive to their future development in the mainland market.

As for the entry of Heung Kong Consortium Finance and Hotels into Singapore, they don't care too much about this, and the benefits here are too far from what they get from the Lee Consortium.

Just a few collaborations with Li Guangyu this time can bring rich returns to their consortium.

They also know that the Lee Consortium and the Heung Kong Consortium will not lose money, Singapore is the economic center of Southeast Asia, and has an important position in the world, although it is not as good as Xiangjiang in this regard, but the financial market here is still huge.

After the Li consortium and the financial institutions of the Heung Kong consortium gain a firm foothold here, they will also get rich returns, and this cooperation is beneficial to both parties, mutual benefit and win-win cooperation, and it is impossible to say who suffers.

In the future, the mainland market is very large, and no matter which side can eat such a huge market, they will cooperate there in the future, so that both sides can get more benefits.

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