Chapter 544: Price War

After sending Henry Keswick away, Li Guangyu immediately asked Gan Qin to inform Li Xuelan to return to Hengyu Supermarket Group, and at the same time informed the senior management of Hengyu Group to hold a meeting in his conference room at half past eleven.

Li Guangyu knew that after being rejected here, Henry Keswick would definitely have the next move, and in the face of the threat of external Hengyu Supermarket and Watsons, and the pressure of internal shareholders, once Henry Keswick did not get the support of the two major banks, Wellcome Supermarket was likely to choose to close.

Li Guangyu must prepare in advance, this time it depends on whether HSBC and Standard Chartered will make another move, if these two local tyrants enter, then this battle will need to drag on for a few months.

Li Guangyu is waiting, he knows that once the property market crashes, Jardine Matheson will face the risk of a thunderstorm, their assets will depreciate significantly, if Jardine shareholders do not inject capital into it, they can only sell some of their businesses, and Wellcome will obviously be a priority asset.

When Li Guangyu and Gan Qin walked into the conference room, Li Xuelan and the senior executives of Hengyu Supermarket Group were already waiting for Li Guangyu's arrival in the conference room.

Regarding Li Guangyu's sudden high-level meeting, they all wanted to know if something major had happened. Because the time of this meeting is so sudden, it is not usually held so urgently.

Lee Kwang-woo told the executives about Henry Keswick's visit to meet with him and Henry Keswick's plans.

As soon as Li Guangyu's voice fell, Li Xuelan said: "Li Sheng, we can't agree to Henry Keswick's proposal, otherwise our efforts in the past few months will be in vain. ”

Although the competition between the three major supermarkets led to the closure of a large number of small and medium-sized supermarkets in Xiangjiang, Wellcome still existed, and Li Xuelan considered the operation a failure because the ultimate goal was not achieved.

Not only did Li Xuelan not agree to the end of the battle with Jardine at this time, but the senior management of Hengyu Supermarket Group also opposed peace talks with Jardine, they all hoped to beat Jardine down, and they Hengyu Supermarket and Watsons shared the Xiangjiang market.

If it weren't for Watsons' Li Guangyu being the second largest shareholder, they would all have the heart to kill Watsons together, and Hengyu Supermarket would dominate the Xiangjiang market.

Li Guangyu said: "Don't get excited, I don't want to agree with Henry Keswick's proposal, the reason why this meeting is held this time is to discuss with you the possible situation in the future, how we will develop next." ”

After hearing that Li Guangyu had no intention of negotiating peace with Jardine, Hengyu's senior management also let go of his heart.

They have been working hard in the past few months in the hope of suppressing Wellcome, if Li Guangyu suddenly stops at this time, it will make them feel quite uncomfortable, which means that all the energy they have put in in the past few months has been in vain.

Later, Li Guangyu told the senior management about the situation of the Wellcome supermarket and asked them what they thought about it.

Li Xuelan knew that after there were too many shareholders of listed companies, there were a lot of troubles, just like Hutchison Whampoa, when making money, those small shareholders were very kind, and they expressed their support for everything at the meeting.

Once a company is not profitable, or even has a loss, these small shareholders will jump out and ask those in power to solve the problem immediately, they are all here to make a profit, as long as they feel that it is unprofitable, they will think about withdrawing from the company.

If it is a subsidiary, these minority shareholders will let it deal with it to avoid the damage caused by the group, which is estimated to be the case now.

Li Xuelan even felt that Henry Keswick was already facing a choice, otherwise he would not have come to discuss with Li Guangyu. Because at this time, whoever asks the other party to negotiate shows that their group can't stand it.

She said to Li Guangyu: "Li Sheng, now we need to make two preparations, one is that if Wellcome closes, our two supermarkets must be prepared to increase the number of employees, and the flow of customers from Wellcome supermarkets will increase their workload by half, and we must deal with it in advance." ”

"The second scenario is that HSBC and Standard Chartered will give Jardine Matheson a boost to Jardine Matheson in order to continue to hold us back, and even the two banks will take over the shares of the minority shareholders of Jardine Matheson Holding Group, so we need to take further action. ”

The senior management here also began to express their opinions, and now the issue of increasing manpower has begun to be increased, and the senior management here has no opinion, even if Wellcome has not collapsed, they should reserve talents in advance.

Hengyu Supermarket Group will expand outside in the second half of the year, and employees can be recruited locally, but the management of each store needs to be dispatched by Xiangjiang, and now these new additions should be trained.

And some high-level even the second possible action needs manpower, they suggest that the current loss due to the seven-fold discount is not too big, so Wellcome can always insist, they propose to implement a six-fold discount, completely defeat the Wellcome supermarket.

After thinking for a while, Li Guangyu said: "Regarding the increase in manpower, you will recruit according to the situation, and pay attention to the situation on the Wellcome side. Once HSBC and Slag Fight are played, I will discuss with Li Ka-shing, Zheng Yutong and others, and fight a price war with Wellcome to see if they dare to follow. ”

The senior management of Hengyu Supermarket is full of confidence, they have the supply of profits from Baodao and Japan, and they dare to sell even at a 50% discount, but Li Guangyu still needs to agree in this regard.

Li Xuelan said: "Li Sheng, we will pay attention to the changes of Wellcome, we strive to end the battle with Wellcome within three months, so that it will be quite unfavorable to Hengyu Supermarket Group and Watsons if it drags on, it is better to complete the battle and completely squeeze Wellcome out of the Xiangjiang retail market." ”

Li Guangyu wanted to drag Jardine Matheson on Wellcome, so that they would lose more financial resources on it. If Wellcome exits early, the property of their Wellcome supermarket will be able to be transferred out, which is not what Li Guangyu wants to see.

As long as it drags on until September, when the stock market and property market plummet, Jardine Matheson will lose a lot, and those stores in their Wellcome supermarket can't be transferred if they want to. At this time, if Wellcome withdraws, they will be able to recover a lot of funds to replenish the blood of Jardine Matheson.

However, Li Guangyu is not too worried about this situation now, in the past few months, not only Kwok Qingya is dealing with Wheelock's properties, but even Sun Hung Kai, Cheung Kong, Hutchison Whampoa, and Shau Kee Group are dealing with some non-critical properties in their hands, resulting in the market is now saturated.

And even if the Wellcome supermarket is closed, it will not be completed in a day or two, and it is even more difficult for the store to be transferred out.

Li Guangyu said: "Xuelan, after you return to Hutchison Whampoa, you will communicate with Mr. Li Ka-shing about this matter first, this time we will look at the situation of Wellcome, if the status quo is still maintained there, we will implement a price war again and completely squeeze Wellcome Supermarket out of the Xiangjiang market." ”

"Okay Mr. Li Sheng, I will communicate with Mr. Li Ka-shing on this matter in the afternoon, and I am sure that he will support this operation. Li Xuelan replied.

Li Guangyu then asked the group's senior management to take the following countermeasures, especially in terms of personnel and logistics, to ensure that the supermarket can maintain normal operations.

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