"Let's just say that under normal circumstances, no matter how well an ordinary supermarket operates, it is unlikely to beat a supermarket giant with a turnover of tens of billions of dollars like Celtic or Sears, and the operating cost and procurement cost are completely different from heaven and earth. But after the oil crisis, everyone's habits have changed, they want to buy cheaper supermarket goods, they will inevitably look for new cheap supermarkets, the kind of quality is okay, and they found Wal-Mart, and the habits have changed, it is difficult to change, so I invested in Wal-Mart. Chen Zhiwen said with a smile.

"Walmart only has 120 supermarkets, which is still far from Celtic or Sears." Sam Walton said with a smile.

"This is now, maybe ten years from now, Walmart will be Celtic's biggest challenger." Chen Zhiwen said with a light smile.

"My dream is that in 20 years, Eric you believe in my company more than I do." Sam laughed.

"Then we'll see." Chen Zhiwen said indifferently. Now Wal-Mart's turnover is rising by almost 30-50% per year, and who would have thought that this increase would continue for decades, and Walton would not have imagined it now.

"That's the end of the future, let's talk about the present." Sam Walton paused and said: "Eric, although after Wal-Mart is listed, anyone can buy the shares, and you think Wal-Mart is very promising and acquire, I feel very happy, but as a company that has just been listed for a few years, we have about 30% of the shares circulating in the stock market, and you have acquired 10% alone, and it has not stopped yet, which is very bad for the secondary market, if it continues like this, the stock exchange will require our company to enter the share increase again, which is not what I need." ”

"Isn't it better that a share increase can increase the company's capital for business expansion?" Chen Zhiwen said with a smile.

"I don't need other funds, and I don't want our family's shares to decrease, so I hope Eric can stop the acquisition in the secondary market, and you are now a major shareholder of Wal-Mart, and I have also done a survey on your background, and you also have a certain ability, we can fully cooperate to make Wal-Mart better, instead of fighting for some small interests, which is good for us." Sam Walton said with a smile on his face, but his eyes were fixed on Chen Zhiwen's face.

"No problem, cooperation can be a win-win situation, this is also my principle." Chen Zhiwen didn't think about it, nodded in agreement.

For Wal-Mart's stock, he naturally wants to get more and more, this yield is too high, but everything has a balance, and in the case of too many acquisitions, the Walton family, as the controller, will definitely not be happy, and if there is an economic conflict, it will be too cost-effective.

Walton wants to contain him backhand, in fact, it is very simple, their family is the controlling shareholder of Wal-Mart, and the management rights belong to them, so they can carry out a private placement of shares to dilute the shares of all shareholders in the market, including the equity in Chen Zhiwen's hands, but this will also consume the funds of the Walton family.

Taking a step back, the Walton family can also bring in other investors, the same is to dilute everyone's shares, for the controlling family of the company, outsiders holding shares is not a big problem, the problem is the concentration of external shares, and bringing in a lot of investors, so that everyone does not have so many shares, then it will not threaten their management rights.

At the legal level, because the controlling shareholder knows the company's future strategic development plan and knows the company's internal financial data and other confidential information, the CSRC has strict restrictions on the sale and purchase of shares of their own companies by these people, and once they are on this list, it is difficult to acquire shares in the secondary market on a large scale.

Of course, the Waltons will not really let outsiders become parties with real power, but if they do get into trouble, the US Securities and Exchange Commission will be happy to believe them, not a foreigner.

There are some other methods, the group of people on Wall Street, as long as they have money, some are methods, so when Walton made a statement, Chen Zhiwen could only stop the acquisition on the surface, even if he could secretly acquire some more in the future, there would not be much number, after all, the circulating shares of the entire Wal-Mart supermarket are very small, even after a few decades, the Walton family still holds more than half of the equity.

"Well, I'm glad to have made a friend like you from now on." Sam Walton said with a smile, he is not willing to spend his own funds for no reason to fight against outsiders in the stock market, even if he wins in the end, there is no substantial benefit, and if these funds are used for company operations, they can also open a lot of new stores.

"As a friend and as a shareholder of Wal-Mart, I also have my resources, and I hope to be able to contribute a little bit to the development of Wal-Mart." Chen Zhiwen said calmly.

"In what way? I don't have any plans to open a store in Asia, not even in Europe, the market in the United States is too big. Sam Walton said.

"I'm not talking about this, it's Walmart purchases, and goods are cheaper in Asia, and we all know that." Chen Zhiwen said with a smile: "I have a trading company in Hong Kong that specializes in providing all kinds of goods for supermarkets, mainly providing all kinds of daily necessities, such as clothes, shoes and socks, bedding, snacks, hardware supplies, etc., are some small pieces, cheap price, quality is OK, can also be Wal-Mart to further reduce procurement costs, or further transfer profits to consumers, this is a win-win situation I want." ”

"Sourcing from Asia, I thought about it a few years ago, but it was very difficult to do." Sam Walton thought for a while and said: "Eric, your proposal is very good, you are a Hong Kong native, you have a certain network of resources over there, and you are also a shareholder of Wal-Mart, at least in terms of cooperation, I can trust you." ”

"There will be no problems in terms of quality." Chen Zhiwen said.

"Is it because of Costco? I've heard that your supermarkets have opened 5 on the East Coast. Sam Walton said.

"Yes, consumers in Los Angeles and San Francisco are very receptive to the quality of Hong Kong products." Chen Zhiwen nodded and said.

In my supermarket in the United States, it is not a secret that people want to check it, and no one in Hong Kong knows because they will not think of this, otherwise they can find it if they want to check it, and on the American side, Walton can naturally know if he wants to check it.

(End of chapter)