Li Dong looked down on Hsu Shengzhe. Hsu Shengzhe does not know about this, and even if he knew, he would not be bothered.
He had considered for a long time about exchanging shares and finally made up his mind.
Li Dong said that he had made a profit, but it was bullsh * t.
At least from the current situation, Hsu Shengzhe had made a loss.
With the recovery of the real estate industry, Longhua's real estate had become more valuable. Real estate companies could not be compared to retail companies in terms of profit margin.
Last year, Faraway Supermarket's revenue was 110 billion RMB, but its profit was less than 10 billion RMB.
Last year, the real estate industry was in a slump. Longhua's revenue was less than 30 billion RMB, but its profit was more than 4 billion RMB.
If all the profits were used for dividends, Hsu Shengzhe's dividends Far away would be less than 500 million RMB, and Li Dong would get more than 800 million RMB in Longhua.
Of course, the retail industry was not without its benefits. The key was the cash flow. But small shareholders like them could not get any of the benefits.
Li Dong had taken all the benefits.
But even so, Hsu Shengzhe still chose to exchange shares. It was not because he was stupid, but because he was thinking about the future.
The retail industry's profit margin was not high, but there were a lot of employees and stores, and it was closely related to the people's livelihood.
It was hard for such companies to have problems and close down.
If it was not for Li Dong, Hua Xia's top 10 retail companies would not collapse one after another.
In the future, the impact of e-commerce had been clamoring for so many years. But what was the result?
Other than the low profits of Suning, Gome, and the rest of the companies were still living their lives, and they did not close down.
Huarun Resources and Bailian were doing well, and they were not affected.
The bigger the retail company, the more stable it was.
As for the listing and market value, many people did not care about these things.
As long as he didn't have the intention of cashing out and running away, the market value didn't matter. He was just watching the show.
Xu Shengzhe wanted to leave a way out for himself and his daughter. Of course, he had no intention of cashing out and running away. Therefore, he did not really care whether Distance Retail went public or not, or how much its market value could reach.
How many years could Longhua Group last?
It was hard to say. Maybe in three to five years, or maybe in three to five years. It was not a surprise for the company to collapse.
Far away Weibo, Far Away Mall, and Hsu Shengzhe were not surprised.
Xu Shengzhe was not surprised that Yuanfang Weibo, Yuanfang Mall, and Dongyu Real Estate had suddenly closed down.
Only Distance Retail and Distance Logistics would affect hundreds of thousands of employees and indirectly affect the lives of millions of people. There were also thousands of stores and distribution points.
It would be strange if such a company suddenly collapsed.
Even if Li Dong was done for, the government would not let Far away Retail and Far away Logistics collapse.
No matter who took over, as long as his 5% shares did not affect the overall situation, no one would go back on their words.
It was also because of the long-term planning that Hsu Shengzhe did not care about the gains and losses. He insisted on exchanging shares with Li Dong. 20% shares were not enough, so he added 350 million in cash and a garden worth 80 million.
Moreover, this was before. Far away Retail was stable, but it was not a small problem.
But now, when Hsu Shengzhe saw Li Dong talking to people not far away, he was completely relieved.
A physical industry with more than 10 retail companies and an annual revenue of more than 500 billion. If they could close down, the whole of Hua Xia would be in turmoil.
All these companies together would affect not just a few million people, but tens of millions!
No one dared to let such a company close down!
The person at the helm could be changed, but the company would always exist. Hsu Shengzhe was very sure of this.
Hsu Shengzhe saw that Li Dong was busy and did not stay for long.
Without saying goodbye, Hsu Shengzhe hummed a song and left alone happily.
…
When Hsu Shengzhe left, Li Dong saw it.
But Li Dong did not care about him. He knew what this guy was thinking.
But Li Dong was not against exchanging shares with Longhua.
On one hand, he wanted to pull Longhua to Far away. On the other hand, Hsu Shengzhe wanted to leave a way out for himself. This was also what Li Dong wanted.
Actually, no matter if it was Hua Xia's tycoons or the rest of the world's tycoons, Li Dong would not choose to put all his eggs in one basket.
Shen Qian was one of Li Dong's backup plans.
A cunning rabbit has three burrows. Li Dong did not want his hard-earned business to fall into someone else's hands.
This time, after exchanging shares with Longhua, Li Dong did not want to keep these shares Far away. He must find a way to transfer them out later.
Although the real estate industry was not as stable as the retail companies, Li Dong felt that the real estate industry was involved in more things and would not be taken down easily.
Longhua had been established for so many years and had a strong foundation in Jiangbei. How could it fall so easily?
It was hard to tell who would gain from exchanging shares with Longhua.
Li Dong did not have the time to think about these. That night, he wandered around and communicated with the CEOs of various companies.
At around 11 pm, Li Dong signed the last memorandum.
A few minutes before 12 pm, Li Dong, Sun Tao, and the rest sent off all the CEOs.
Outside the cafeteria.
Sun Tao exhaled a puff of white mist. He did not care about the sub-zero temperature outside. After talking for the whole night, Sun Tao was covered in sweat.
After panting for a while, Sun Tao said, "A total of 13 companies have signed the memorandum, and there are more than 10 companies interested. But these companies' shareholders are not the same person, and they cannot make the decision alone. They must go back and discuss. As for the rest of the companies, there are some who are interested. But I'm afraid they cannot make a decision in a short time. If I'm not mistaken, there should be more than 30 companies that can cooperate with us. "
Li Dong nodded and said softly, "That's enough. Especially those mid-sized companies that came tonight. Almost all of them have agreed to cooperate with us. Meitel, Ginza, Dennis, Zhenhua Department Store, Sunshine Department Store … These companies are the overlords of a region. The stronger ones are in a province, and the weaker ones are spread across several prefecture-level cities. Also, they are spread all over the country, which is beneficial to our influence. We can use 20% of the shares in exchange for their cooperation and access to their channels. We have made a huge profit this time. "
The profit from the stores was actually only a small part.
The key was that Far away controlled the channels of all the major companies, including logistics and warehousing.
Far away's biggest success was to give up these three large shares.
Not to mention the profits, Distance's control over the major retail companies had now reached its peak.
This was actually the most difficult point to achieve.
But many small and medium-sized companies did not have the ability to build their own channels. Far away did not care much about giving up their channels.
Some mid-sized companies did not want to give up these channels to avoid being completely controlled by Far away.
But they could not resist Far away's threats and temptations.
All the companies around you had gone to Far away. If you were not willing to go to Far away, you could only be swallowed by the wolves.
This time, the companies that Li Dong invited were very interesting. In many cases, it was a mid-sized company, and the people in charge of the small companies in the surrounding cities were also invited.
Many CEOs of small businesses did not notice this, but many people did.
Li Dong was actually threatening them. Although he did not say it out loud, the threat was real.
In addition, Far away's final offer was not low. After thinking about it, many companies chose to compromise.
If there was another retail group that was willing to come forward and compete with Far away, they might not have compromised so quickly.
Unfortunately, the two largest department store groups were state-owned enterprises.
The other home appliance retailer, Suning. Although it was not a state-owned enterprise, Suning was a listed company and could not enter the department store industry.
In Hua Xia, home appliance retail was only a small part of the retail industry. The real majority was still in the department store industry.
If they were to cooperate with Suning, they would not be able to get any help online and offline.
As for foreign investors, Li Dong had no problems doing this. China's retail industry is huge, and even if Li Dong had acquired so many companies, he will not be the controlling shareholder. Also, the scale of the retail industry is not large enough to change China's retail industry.
At this moment, it was not even a monopoly. A company that was known as the backbone of the nation could expand its scale, and no one would say anything.
But if foreign investors dared to do this, the Ministry of Commerce would not agree.
It wasn't that they were being paranoid, it was the truth.
The merger between Huiyuan and Coca-Cola had not been approved by the Ministry of Commerce, and there were rumors that this merger would be rejected.
The Ministry of Commerce will make a decision soon.
Can Coca-Cola and Huiyuan really affect the whole of Hua Xia's beverage industry?
Can they really monopolize the industry?
Everyone in the industry knew it was impossible.
However, Coca-Cola was a foreign investor. They could enter Hua Xia, but it was impossible for them to acquire large local companies.
Foreign investors and state-owned enterprises could not rely on Coca-Cola, and there were no private companies that could compete with Far away. At this moment, there were not many choices left.
They could either rely on Li Dong or choose to be independent.
Choosing to be independent might not mean that they would be swallowed up by others. But if they formed an alliance with Far away's retail industry, their competitiveness would increase.
In a few years, an independent company might have its market completely divided by others.
Those who could reach this stage were not fools. That was why so many companies were willing to give up their channels and choose to stand with Far away.
The other companies that chose to go were either not in the East China region or in places that were weaker. These companies also had their own considerations.
If they were in China, not many companies would dare to reject them.
Li Dong spoke for a while and said. "It might be late tonight. Tomorrow morning, send people to all regions to check on the companies that had signed the memorandum. I said I don't care about the gap, but don't think I don't care. If there was a problem with the accounts and it became an empty shell, then my losses would not be just a few hundred million. The memorandum can be signed, but the official contract must be checked before it can be signed. All of you have been working hard these few days. "
Sun Tao and the rest nodded. If Li Dong did not say anything, they would not be careless.
Far away was the one doing the asset valuation.
A company's debt was a secret. It was also a secret if they had cash flow.
Some family-owned companies had messed up funds, and if they did not check properly, they might invest in a worthless company. They might even be saddled with debt.
If they signed the agreement in a hurry, it would not be surprising if they lost a few billion in the future.
After Li Dong finished speaking, Sun Tao looked at Chen Lang and thought for a while. "General Manager Li, the market in Beijing …"
Li Dong thought for a moment and said slowly, "The Beijing area is mainly dominated by Wumart, Far away, Gaoxin, China Resources, Wal-Mart, and Suning.
Bailian has begun to gradually retreat.
I thought about it for a while. There are not many small and medium-sized enterprises there, and it is difficult for them to survive. If we really hand it over to them, Far Away might disappear in a few years.
Although I am preparing to retreat now, I still want to fight back.
Therefore, I don't want to hand over the Far Away industry to Wumart. This way, Wumart will be too big in the Beijing area.
But if we don't hand it over to Wumart, Gaoxin and Wal-Mart involve foreign investors. China Resources is a state-owned enterprise, and Suning does not operate department stores. It doesn't seem suitable to hand it over to anyone else.
Actually, I am also in a dilemma now. In fact, my ideal choice is China Resources.
Unfortunately, China Resources is not willing to trade with us. If we can use the Beijing area's industry to exchange some of China Resources' stores in East China or the South, it will be the best for us.
I also don't expect to invest in China Resources. Even if we invest in China Resources, we can't control them.
We will use Beijing's assets to expand our advantage in the south. Let Huarun Resources and Wumart compete with us. This is our best option.
The key is that it is very difficult, and China Resources is not willing to give up the South market … "
Chen Lang said in a deep voice, "General Manager Li, are we really going to retreat?"
Wang Yue also said unwillingly, "Gome has a high market share in the Beijing area. General Manager Li, even if Faraway Supermarket leaves, I don't recommend Gome to leave."
Li Dong gritted his teeth and said, "Do you think I am willing?
I have worked hard to achieve this scale in Beijing, and my home appliances and department stores are in the top two positions. Do you think I am willing to leave?
But you have also seen how much trouble we have been in recently!
The Xidan incident was just the trigger. Since last year, we have been suppressed and restricted.
Beijing's retail industry is not smaller than Shanghai's. In fact, it is bigger!
But look at the result?
Shanghai's revenue last year was nearly 10 billion, and the profits are not low. Beijing's annual revenue is only 7 billion, and the profit margin is not as good as Shanghai's.
We have invested so much in Beijing, but the results are not good. If it is just this, I will accept it.
But the continuous troubles have made me tired. Not only me, but Uncle Du is also tired.
If that is the case, what else can we do but retreat? "
Sun Tao clenched his fists, and his face was full of unwillingness and indignation. After a long time, he said, "Are we really going to retreat?"
"Yes. Tomorrow. Tomorrow, help me make an appointment with Hong Ji and Wu Jianzhong. I will talk to them. It will be best if China Resources agrees. If China Resources has concerns, we will talk to Wumart. Wumart has always seen us as a thorn in their side. If we retreat from Beijing, they will be eager to see us leave. Let Wumart give us some cash, shares, and stores in the South in exchange for our Beijing department stores. They will not refuse. As for Gome … "
Li Dong thought for a moment and said reluctantly. "Let's relocate our headquarters first. Gome's base is in the North. If we withdraw now, I am worried that Gome will not be able to adapt and will not be able to recover. After I withdraw from Faraway Supermarket, if the situation has not improved, I will consider Gome. "
Hearing that he will not withdraw from Gome now, Wang Yue was relieved and quickly said. "General Manager Li, don't worry. We will be careful. Even if we withdraw, we cannot be in a hurry. You have to give me some time to prepare. Within a year or two, I will gradually shift the direction of Gome's investment. This way, if we withdraw, our losses will be much smaller. If we suddenly withdraw now, our losses will be too great. "
Li Dong nodded and looked at the time. It was past 12 o 'clock, and he said. "Go back and rest early. We will arrange everything tomorrow.
The matter of the retreat from the capital should be kept a secret for the time being.
Even for Huarun Resources and Wumart, I will be probing them tomorrow.
You guys deal with the aftermath and reduce any losses that can be avoided. Also, ask Qi Yunna to look for me when she comes back.
Don't forget to get someone to check the accounts tomorrow. That's all for now. Get the preparations done as soon as possible.
I hope to bring some good news to our employees during the annual meeting, not bad news. "
Everyone hurriedly nodded. Li Dong didn't stay any longer and walked off into the distance.
After Li Dong left, Chen Lang looked at the time and said, "I will go deal with some documents first. I still need to make some arrangements tomorrow morning. I will not be going back tonight. You guys make yourselves at home."
After Chen Lang left, Wang Yue could not help but smile. "General Manager Chen is very attentive now. He is much older than you. I have seen you are not as attentive as him."
Sun Tao was speechless. "He is the chairman of the retail group, and I am only supporting him. He will not be happy if I intervene."
Wang Yue didn't say much about it. She lowered her voice and said, "What do you think about the restructuring of the retail group? Although the new retail group's net assets are not as high as the report says, it is not much lower. Gome's actual value is higher than Far Away Mall. Did General Manager Li say anything? "
Sun Tao glanced at her and said after a while, "Why do you care about me? Don't tell me you're jealous?"
"Pfft, would I be jealous?" Wang Yue said disdainfully, "I'm just afraid that you won't appreciate it and end up with nothing."
Sun Tao shrugged. "Don't ask me. I don't know either. General Manager Li did not mention anything about this. I wanted to ask him, but I did not. These few years, I was scolded every time I mentioned this. Do I still dare to mention it now? It doesn't matter if I don't give them anything. We will talk about it later. "
He did not know about this now. When Gome officially merged with Far Away Mall and signed the contract with the other retail groups, he would probably sign the contract again.
As for whether it was still 3%, Sun Tao could not be bothered.
You've already exceeded your reading limit for today. If you want to read more, please log in.
Login
Select text and click 'Report' to let us know about any bad translation.
