Feng Yu lounged on the sofa and looked at the big screen on the wall. Ralph's figure was shown on the screen.
"Still no news?"
Ralph lowered his head and bowed. "Not yet. But a few of Fannie and Freddie Group's top management had resigned. Based on our analysis, it should be within the next few days. "
Feng Yu nodded. "Ok. Keep an eye on them. This matter is very important and concerns many of our investments. Oh, have you signed the contract with the supermarket group? "
Feng Yu had finally negotiated with the UK's Tesco Supermarket Group to buy out the shares of this US supermarket chain. Ralph had negotiated for a long time and had done a lot of work for this deal.
After all, the global economy was in a downturn, and this purchase price was lower than what Feng Yu expected.
"We had agreed to sign the contract in half an hour, and the contract will take effect the next day." "Ok.
Zong Qingxian had flown over. You all should sign the contract now, and Zong Qingxian will transfer the funds into Wind and Rain Holdings' account. "
Although this US supermarket group was smaller than Wal-Mart and Carrefour, due to the development of the US supermarket industry, their scale was not small.
After merging with Tai Hua Supermarket Group, Tai Hua Supermarket Group will leave Carrefour behind and have the chance to overtake Wal-Mart. Second in the world is not enough to satisfy Feng Yu. The world's number one, and no one can dispute it. This is Feng Yu's target.
If Feng Yu wants to monopolize the Hua Xia market, it is not impossible. With Feng Yu and Tai Hua Supermarket's shareholders' wealth, they can increase Tai Hua Supermarket's expansion. They can set up supermarkets in all the prefecture-level cities. They can even set up a few supermarkets in each prefecture-level city. The other supermarket chains will not have a chance to survive.
Now, Tai Hua Supermarket Group has less than 1,000 Hypermarkets, and Tai Hua Supermarket Group has about 4,000 supermarkets. Even so, many cities do not have Tai Hua Supermarket Group.
If Tai Hua Supermarket Group shows the intention to invest in those cities, the leaders of those cities will welcome them. Everyone knows about Tai Hua Supermarket Group's profitability.
Profits were high, which meant high taxes. Furthermore, Tai Hua Supermarket Group can boost the development of a business district and increase employment. These figures are also the leaders' achievements.
But Feng Yu does not want to do this. He wants to give other companies some leeway, especially those state-owned retail companies. If Tai Hua Supermarket Group wants to expand in the future, they can acquire some smaller supermarket chains.
They are not picky about the brand or the company's management. They are only looking for the location.
If the location was good enough, and with Tai Hua Supermarket Group's business model, branding and cost control, the supermarket would surely make money.
With Tai Hua Supermarket Group's Yu's, it will, Tai Hua Supermarket Group, and Tai Hua Supermarket Group.
This is Tai Hua Supermarket Group. and, and Tai Hua Supermarket Group, it. In Eastern Europe, Polar Bear Supermarket Group's shares had been transferred to Tai Hua Holdings, but it is not merged into Tai Hua Supermarket Group yet.
At that time, the other shareholders did not have enough money. If the merger was carried out, the other shareholders' shares would be severely diluted. "Feng Feng...... Feng Feng Feng Is.. the other shareholders. the Tai" Feng. "Feng. the company on." Feng...
Furthermore, the major shareholder of Polar Bear Supermarket Group is Kirilenko. The Tai Hua Supermarket Group is only a shareholder. That's why the other shareholders want to wait. Let them raise funds for two years. If they still do not have enough funds, they will have to accept the dilution of their shares.
Now, Tai Hua Supermarket Group's profits are increasing rapidly, and its development in Hua Xia is at a bottleneck. It's the best time to expand.
This time, Fu Guangwei persuaded his father to merge his family's supermarket chain into Tai Hua Supermarket Group. The supermarket chain owns more than a hundred branches in Hong Kong, Macau, Taiwan, Singapore, Thailand, etc. The locations of the branches are good, and their sales are high.
Most importantly, Tai Hua Supermarket's distribution network will be expanded to many countries in Southeast Asia. This will increase Tai Hua Supermarket Group's brand value.
Fu Guangwei is willing to use his family's supermarket chain to ensure that his shares will not be diluted. Furthermore, this was the only way for him to become Tai Hua Supermarket Corporation's Chairman cum CEO. He will not be giving up his family's traditional business.
In terms of supermarket management, none of Feng Yu's subordinates could be better than him. Even the Li Family was no match for him. How could a small store like Watson's be compared to the management of a Hypermarket?
Now, he heard that Feng Yu wanted to acquire a large supermarket chain in North America, and it was once a shareholder of the largest supermarket group in the United Kingdom. It could be seen that this supermarket group was indeed valuable.
Although there would be a premium in buying from a British supermarket group, it was definitely not a loss in the long run. Especially after Tai Hua Supermarket Corporation merged with Tai Hua Supermarket Corporation, it will be a good combination of assets. This will increase Tai Hua Supermarket Corporation's overall strength.
Fu Guangwei was excited when he thought of becoming the head of the World's Biggest Supermarket Group. Fu Guangwei's father, Fu Rongbing, will not reject merging his supermarket chain under Tai Hua Supermarket Corporation.
Fu Rongbing even thought that although he was not as talented as Feng Yu in the financial industry and could not work with Feng Yu to invest in the financial industry, he could only follow Feng Yu.
He was also not as lucky as Fu Guangzheng from Fu Rongjing's family. He had met Feng Yu a long time ago and had many opportunities.
But his son, Fu Guangwei, was also outstanding. In the future, when he becomes the head of Tai Hua Supermarket Corporation, he will surely be in the limelight.
Fu Guangwei did not expect that at his age, there would be a day when a father will be promoted to the top. Fu Guangwei was very happy and proud!
Because of this, he was willing to merge his family's supermarket chain and sell off all his other businesses to support his son.
He even went to Fu Rongqi. If they did not have enough money, Fu Rongqi was willing to lend them a sum of money to help his nephew become the head of Tai Hua Supermarket Corporation.
This way, Fu Guangwei could also become the Deputy CEO of Taihua Holdings. He might even enter the board of directors like Fu Guangzheng.
One hour later, Fu Guangwei received a call from Zong Qingxian. The US supermarket chain, Costco, had been acquired.
All the top management of Tesco had left, and most of the top management of Costco remained. Tai Hua Supermarket Corporation will also send some top management to Tai Hua Supermarket Corporation. This Costco supermarket chain will be merged into Tai Hua Supermarket Corporation.
After that, Taihua Holdings announced that the shares of Russia's Polar Bear Supermarket Group will be transferred to its subsidiary, Tai Hua Supermarket Corporation.
Now, Tai Hua Supermarket Corporation's annual turnover will be more than 100 billion USD. Tai Hua Supermarket Corporation's next step was to challenge Wal-Mart, the supermarkets giant!
All the world's retail giants were shocked by this news!
… …
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