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Section 1228 The Decline of Chow Tai Fook

The Qin family's mansion, most of the more important people of the Qin family this morning, basically the people in Hong Kong have arrived, it is because of two trucks in this mansion, this is the price of helping Li Cong this time, Li Cong specially transported two trucks of jade rough to them, at this time the old man Qin also looked at his son Qin Guozhong with great appreciation, in the past, he just felt that his son was a very business-minded person, but he didn't expect that his son was also very successful in interpersonal communication, and met such a very good, from the beginning of knowing this person to the present, Qin's jewelry has at least made a profit of more than 10 billion Hong Kong dollars on this person, this figure is already equivalent to one-third of Qin's jewelry before the last Myanmar jade market, and now this kid is officially taking over the position of the head of the family, and no one in the family will object.

"Father, there are a total of three hundred and fifty pieces of jadeite rough in these two cars, I have already seen them all, and a few stones are really good, are we the same strategy as before, or are they all cut?" Qin Guozhong glanced at his Lao Tzu and asked, in the past, Qin's jewelry didn't care much about these jadeite roughs, they bought jadeite, but now it is different from before, if you only buy jadeite, I'm afraid your money is really not enough.

"Hehe, now that I'm old, you can make up your own mind about these things in the future, did that friend of yours bring back the jade left at home?" Old Man Qin said with a smile, this is a disguised recognition of Qin Guozhong's status as the head of the family in front of the whole family, even if there are a few people who usually have a bad relationship with Qin Guozhong, at this time, they also know that this kid's position has basically been consolidated, and his own people basically have no hope anymore, if they still want to face, they should not continue to entangle in this matter, otherwise they may become enemies in the end.

"Brought back, all in those two boxes, are high-grade jadeite, these two pieces of jadeite are glass, I opened a price of 3.5 billion Hong Kong dollars, these two pieces of jadeite according to our Qin's jewelry current consumption, can almost last for six or seven months, at that time I believe that these jadeite rough will also have some harvest, this time even if we do not participate in this public market, we can also last more than a year." Of course, Qin Guozhong knew why Li Cong sold two pieces of jade to himself at this time, but he didn't want his family to be killed so badly in the upcoming public market.

The price of 3.5 billion Hong Kong dollars? The rest of the family looked at Qin Guozhong incredulously, when did this kid have so much power, he was so powerful, and such a thing could be done, in the past, at most, when he went to Myanmar, he could bring more than a billion Hong Kong dollars in the family to the past, and now he can use more than one-third of the family's working capital, it seems that the old man really doesn't like this guy ordinarily.

When the old man saw these two pieces of jadeite in his house, he showed a satisfied smile on his face, this friend of his son is really interesting, if these two pieces of jadeite are made into jewelry and sold, there will be at least more than 4 billion income, although the profit is only 500 million Hong Kong dollars, but it is also stronger than no goods closed, and then they can also raise the price, after all, this price is calculated according to the current price, it is difficult to say what price it will be in the future, maybe this is just a beginning.

Old Man Qin can be regarded as a prophet, he thought that at this time, one of his nephews came in quickly from outside with a few newspapers, looking as if something big had happened, the Qin family's tutor was okay, there should not be such a situation, but the expression on this guy's face at this time was really very anxious.

"Second brother, what's wrong, come and see our jadeite. Qin Guozhong knew that it was his cousin when he heard the footsteps, but now that he was carrying him, he couldn't see the expression on this guy's face in that position, and thought that this guy also knew that there were two new jadeites at home, so he rushed over to take a look, but he didn't know that the newspaper in his hand was a big thing, there was a big thing in Myanmar, and there was a big thing in Myanmar.

"Where do I have time to look at this, uncle, let's take a look at this news, several big newspapers and websites around the world have published such a news, Myanmar's largest warlord Liu Huoshan has a huge explosion in one of the largest jade rough warehouses a few hours ago, hundreds of thousands of jade rough stones are gone, and now almost everyone has to know about it." "The news has already reached the newspaper, as long as the person who can buy the newspaper is estimated to have known the news, the old man Qin was happy that he got two pieces of fine jadeite at home just now, and the smile on his face was immediately gone, so many jadeite rough stones, hundreds of thousands, should be Liu Huoshan's savings for more than ten years, and the big warlord has no jade rough in his hands, so what kind of price will be offered in the next public market?

Old Man Qin thought of the jade rough outside, after this news and the hype of well-intentioned people, it is estimated that the jade rough outside worth three million Hong Kong dollars will be five million Hong Kong dollars, and there will even be higher, anything may be born in this society now, but the happiest ones are probably those speculators, and they are also speculators with goods in their hands, not to mention anything else, it is Ling Tengyun, this kid, spent millions of Hong Kong dollars to buy some small stones at the beginning, but when the news was reported, several people from the Northeast Business Gang arrived at this guy's room in the hotel, They wanted to double the price to buy the jade rough in Ling Tengyun's hand, but unfortunately Ling Tengyun didn't want to sell it at all, but he was still noisy by these people every day.

Chow Tai Fook Jewelry Group Conference Room, because of the Myanmar matter, Hong Kong's largest jewelry group held its board of directors overnight, at the meeting Chairman Zheng Yutong and other directors have asked the group to come up with the greatest strength to acquire jadeite rough, otherwise it is likely that Chow Tai Fook this brand does not have the possibility of zài, the jewelry industry sells a price, the more expensive things are the more customers, this thing is not the cheaper and more people, in the past, jadeite was only a high-end thing, but after so many things, now jadeite has become the highest jewelry that overpowers diamonds, so they have to adjust their business strategy, the previous set is basically useless now, which is one of the reasons for the meeting tonight.

"Everyone, our people in Myanmar have confirmed the accuracy of this news, although there are still a few jadeite pits in the hands of the Burmese warlord Liu Huoshan, but there are jadeite mines that have been mined for many years, whether they can continue to produce or a problem, now the problem of jadeite rough shortage is not a short-term problem caused by the war, it may become a long-term problem, although there are more than two million fast jadeite rough stones on the Yangon jadeite market, but there are still very few of them of high quality, and Liu Huoshan has lost some of them are of high quality, even if Myanmar has entered a period of peace, but I think it's still very problematic to want a little more high-quality jadeite rough as before. The person in charge of Chow Tai Fook's procurement department said with a bitter face that this qiē came so suddenly that he had no chance to operate at all, and now he has to face the bitter fruit of high prices.

"Things can basically be determined, just now Minister Wang's words I believe everyone understands, our group may now be in an extremely critical position, the next step of our survival is the foundation of jadeite, and jadeite is all from the jadeite rough, so we must have a huge jadeite rough reserves, so that we will not lose so quickly in the next jewelry industry competition, Vice President Zhao, you talk about the preparation of our group and the difficulties encountered, I hope everyone can listen carefully, if something happens, the responsibility will be borne by everyone in the future。 Mr. Cheng Yutong said that he has not participated in Chow Tai Fook's board of directors much for so many years, and there is no time to hold a meeting in an urgent manner.

"Okay, just now Chairman Zheng's words I believe everyone is very clear, let me elaborate, our group is now up to six billion Hong Kong dollars to purchase jadeite rough, originally we feel that this price should be able to purchase our group for six months of demand, but because of the impact of this news, it is estimated that six billion Hong Kong dollars can be purchased to half of the previous is good, so the purpose of the group to convene this meeting is to hope that everyone can raise a sum of money, and finally distribute according to the interests, I can tell you, after the calculation of the group's financial departmentAt the end of the year, there should be more than 30% of the benefits of this money, and of course it may be higher, so we are ready to issue corporate bonds to all Hong Kong citizens, with an annual rate of return of 20%, and we will also put 3 billion Hong Kong dollars in bonds within the board of directors, hoping that everyone can support the group at this time. "This vice president Zhao is also Zheng Yutong's deputy for many years, and he would never have imagined that the famous Chow Tai Fook Jewelry Group would come to this point, but today he made him understand that if he didn't do that, maybe the brand of Chow Tai Fook Jewelry would really disappear.

HK$3 billion in corporate bonds? Although the directors have known about this for a long time, but still did not expect that it will be so much, the group as early as the beginning of the year on the four billion Hong Kong dollars of bonds, generally like Chow Tai Fook such a group, four billion Hong Kong dollars a year is basically the end, but now the staff and the board of directors are adding up to absolutely more than 10 billion Hong Kong dollars, if the money is used in procurement, the entire group may purchase jadeite to reach more than 10 billion Hong Kong dollars, which is a very huge investment at any time.

"I'm sorry, Mr. Zheng, I feel that this jadeite is a little overheated, we now take all our funds to purchase jadeite, so what should we do with the diamond procurement in November? "There will be a few contradictory people within each group, this person is Zheng Yutong's partner in the early years, but now it has become Mr. Zheng's biggest enemy within the group, his family property is between billions of Hong Kong dollars, but now he is only buying 5oo Hong Kong dollars in bonds, and what he said is also pertinent, this is to tell those wavering people that this resolution was made by Zheng Yutong himself, and it has nothing to do with him, and if he loses money, it is Zheng Yutong's own business, and it has nothing to do with others, especially me。

In the past, as long as this old guy raised some objections, he didn't dare to say anything about the outside staff, but there would always be some supporters within the board of directors, but now, those hardcore supporters of his in the past are a little evasive from this old guy's eyes, you old guy wants to fight with the chairman of the board of directors We can't control it, but now it's a critical time, you fight you, but you can't stop us from making money, now buying jadeite rough is a hundred times more important than buying diamonds, and now the jadeite rough is almost the same as the price of gold, but there is not so much gold, but there are so many jadeite roughs.

"I don't agree with Zhu Lao's words, I think it is risky to do things, although we Chow Tai Fook is not impossible if it is a smooth exhibition, but if we continue like this, our pace may be caught up by some people, such as Qin's jewelry, which used to have only half of our assets, but look at Qin's jewelry in recent years, I am not very clear about other aspects, but in the matter of jadeite, Qin's jewelry has indeed thrown us far away, so I support the group's decision, I buy 250,000 Hong Kong dollars of the group's bonds。 A Zheng Yutong henchman immediately shot back, his words won the approval of many people, and hundreds of millions of yuan of bonds were sold in a while, how many of these people on the board of directors will have hundreds of millions of family assets, buy some of the group's bonds and look good, and it is an investment, why not do it, but the old Zhu who spoke just now was a little unbearable on his face, when can these juniors also accuse themselves like this, the expression on this guy's face Mr. Zheng Yutong saw it in his eyes, but he didn't say anything Bodhisattva, just let his subordinates see clearly that he was not ruthless this time。

Zheng Yutong was immediately relieved when he saw this news, the day before yesterday Li Cong sold himself those jadeite rough stones because of this news immediately doubled, although he opened two stones are nothing good, but with this double the price, he can be regarded as earning back his own capital, because of the price increase of jadeite rough, the price of jadeite that has not been high is even higher.

Zheng Yutong can call the wind and rain in Hong Kong for so many years, but he can see this market very clearly, and now he is hoarding jadeite rough, if you hoard, it may not have any big effect, but if you don't hoard, it is estimated that you may die immediately, this is such a market, it is not impossible to rely on his own ability, but the risk is too great, he is already in his seventies, but he doesn't want to have nothing when he dies, so he thought of purchasing in the name of the group, even if he loses money, there are people who follow him, and if he wins money, it is easy to say, these people are their own people, and when the time comes, they will eat meat and drink soupWho told you to follow me?

"Mr. Zheng, now that the bonds are plus the group's funds, we have 20 billion Hong Kong dollars to hoard jadeite rough, I don't know if it's enough?" After the meeting, the vice president of the network and the head of the wealth department walked into Mr. Zheng Yutong's office with two documents, and the three of them are the core part of the entire group.

"Hehe, 20 billion Hong Kong dollars is also the biggest stroke in my life, but I still dare not say whether this money is enough, people in this world are too crazy because of jadeite, although we are not speculators, but with the help of this wealth it still doesn't matter, keep saying that Chow Tai Fook this brand, but is this brand worth 20 billion Hong Kong dollars? Those magazines say that it is worth at least 100 billion Hong Kong dollars, but I sell this brand to him, does he need it? No, so this time our task is to buy as much jadeite as possible, and then sell it, our jewelry store will specialize in diamonds in the future, and the jadeite will be given to Qin's jewelry, but when we withdraw, this money still has to be made. Zheng Yutong has already seen that it is already a sure thing for Qin's jewelry to become big by relying on jadeite, and they have no way to stop it at all, the only thing they can do now is to do their own thing honestly, and it would be good to have a little profit when retreating.

The other two subordinates know Zheng Yutong's character, and he must have thought about it for a long time to make this decision, both of them shook their heads helplessly, to be a strong boss for a lifetime, at this time they have to admit defeat, in the future Hong Kong jewelry industry, Chow Tai Fook's brand may be a little weaker, at least in jadeite, there will be no achievements, I don't know if this will be thrown farther by Qin's jewelry?