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Chapter 609 Boiling Frogs in Warm Water

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    A wave of acquisitions from the East spread across the European continent. Following the Royal Family Fund¡¯s investment in Europe, Hong Kong capitals include the Li Jiacheng family and the Guo Bingxiang family, etc., with amounts ranging from billions to tens of billions of Hong Kong dollars.

    Late summer of 2006

    Facing the large-scale entry of Hong Kong capital, the European financial community is full of anxiety while being elated.

    ?The acquisition cases one after another have disturbed the quiet capital market in old Europe.

    ?London Hyde Park luxury mansion

    The outermost four-story Victorian-style building is the London office of the Royal Family Fund. The chairman of the fund, Wang Yaocheng, and eight vice-chairmen have offices here.

    In the office of Vice Chairman Dong Mingzhu

    Zhu Jianghong, president of Gree Group, is reporting to Wang Yaocheng and Dong Mingzhu. At the same time, the secretary-general of the consortium and the new director of the secretariat, He Chen, are also listening to the report.

    Chen He is a Malaysian-Chinese American with a doctorate degree from the Business School of the University of Cambridge in the UK. He once worked for Morgan Stanley and Goldman Sachs, and performed well in the process of HSBC's integration of Smithsonian Bank of the United Kingdom, and received unanimous praise from senior management.

    As a business elite with 21 years of executive experience in international investment banks and comprehensive commercial banks, He Chen is proficient in five languages: Chinese, Japanese, English, French, and German, and is an all-rounder with sharp thinking.

    In the office, President Zhu Jianghong continued to report on work:

    After 13 years of hard work, Gree Group has developed into an internationally competitive comprehensive consumer electronics provider, with products covering black and white home appliances, mobile computers, cable electricians, lighting and kitchen appliances, scanners and back-end equipment, smart  Robotic equipment, optical cable instrumentation and other fields.

    ? In the first half of 2006

    Gree Group's revenue reached 51.15 billion US dollars, net profit was 5.912 billion US dollars, and the profit attributable to the consortium was 3.882 billion US dollars, all of which increased to varying degrees compared with the same period last year.

    Among them, the total turnover increased by 24.6%, the profit rate decreased by 3.2%, and the turned-in profit increased by 19.5%, which further improved the international layout.

    The main reason for the decline in profit margins is that the prices of color TVs, refrigerators, portable walkmans, computers and mobile phones have dropped. The profit margins of this area have shrunk a lot, which has affected the overall profit performance.

    Mainly based on the unified deployment of the consortium, a comprehensive price storm was launched against Japanese and Korean home appliance companies to seize the market.

    According to the latest statistics:

    In the field of consumer goods and home appliances, Gree Electric's international market share has increased to varying degrees, driving a large number of home appliance companies in China to enter the international market, competing with international famous brands such as LG, Samsung, Philips, Sony, Toshiba, Hitachi, and nec  , showing the strong competitiveness of Chinese-funded enterprises

    After more than an hour, Zhu Jianghong finished his report dryly, and there was light applause in the room.

    Wang Yaocheng took the initiative to applaud and said to them:

    "As a comprehensive consumer electronics manufacturer, Geli Group is the leader of domestic enterprises. In recent years, under the leadership of President Zhu, it has achieved considerable development. It is gratifying to be able to compete with international powerhouses and achieve fruitful results. Congratulations!  "

    Dong Mingzhu replied with a smile: "Although Gree Group has achieved some achievements, compared with the brothers of the consortium, it lacks something that makes people's eyes shine. The chairman should continue to support us. Gree people are confident to hand over  better answers."

    "Hahaha I understand, you, Miss Dong! Whenever you have a chance, you speak up for your old club, and your feelings for Ge Li are not as deep as usual."

    Wang Yaocheng shook his head with a smile, and said: "President Zhu and several leaders of Geli are here. Haven't I supported them for so many years? Or is the support not strong enough?"

    ?As one of the few female leaders of the consortium, Vice Chairman Dong Mingzhu is a strong woman with a strong work style. She never beat around the bush when she speaks, and said bluntly:

    "Over the past few years, Geli Group has gone through a particularly difficult time. It has launched three rounds of price offensives against Japanese and Korean home appliance companies. It is the vanguard of realizing the consortium's strategic containment plan and has made well-known outstanding contributions.

    Chairman, you can't be partial, just look at how many companies Hong Kong Cheung Kong Group has acquired and how much money has it invested in this period of time?

    With tens of billions of dollars of investment, Hong Kong Globe Telecom has expanded its business scale like a triple jump. Its business covers Europe, North America and the entire Asia and Africa region, and it has become one of the world's top communication companies in a short period of time.

    ? Cathay Pacific and Swire Shipping are also constantly making big deals. Swire Shipping alone has ordered 300,000 tons of super-large ships in the past three years.?? retreated steadily.

    Facing this situation, I don't know how Li Jianxi's gamble will end?

    "Hehe the only one is dead."

    A stern look flashed in Wang Yaocheng's eyes, and he mercilessly made such a comment on Samsung Electronics.

    Go the way of others and let others have no way to go.

    Wang Yaocheng not only faithfully adheres to this principle, but also does it personally, and will never let Samsung Electronics have a chance to take off.

    He knows how terrifying, how resilient, and how explosive this company is.

    In this historical time and space, the glory of Samsung Electronics will be borne by the companies under the Royal Family Fund. You should eat kimchi or go to kimchi, and don¡¯t worry about the electronic semiconductor industry.

    Thinking of this, Wang Yaocheng had a cold smile on the corner of his mouth, which made Dong Mingzhu feel cold when he saw it.

    Bad, which company is the chairman thinking about again?

    I can only ask for more blessings.  (Remember the site URL: www.hlnovel.com
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