Chapter 1228 The Decline of Chow Tai Fook

Chapter 1228 The Recession of Chow Tai Fook

The Qin family mansion, most of the more important people of the Qin family, basically everyone in Hong Kong arrived this morning, because two trucks came to this mansion, this is the price for helping Li Cong this time, Li Cong Two truckloads of rough emerald stones were specially shipped to them. At this time, Mr. Qin also looked at his son Qin Guozhong with admiration. In the past, he just thought that his son was a very business-minded person, but he didn't think of his own. My son has made great achievements in interpersonal communication, and met such a very good person. From the beginning of knowing this person to the present, Qin's Jewelry has made at least tens of billions of Hong Kong dollars in profits from this person. Before the Burmese jadeite public sale, one-third of the family property of Qin's jewelry was acquired. Now that this kid officially takes over the position of the patriarch, no one in the family should object.

"Father, there are a total of 350 rough emerald stones in these two carts. I have already seen all of them. A few stones are really good. Should we use the same strategy as before, or cut them all? "Qin Guozhong glanced at his father and asked, in the past, Qin's jewelry didn't care much about these rough jadeites, all they bought were jadeites, but now it's different from before, if I only buy jadeites, I'm afraid The 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 your friend bring back the emerald that your friend left for our family?" Mr. Qin said with a smile. Now that Qin Guozhong is recognized as the patriarch, even if there are a few people who have a bad relationship with Qin Guozhong, now he knows that this kid's position has basically been consolidated, and there is basically no hope for people like himself. If you want to lose face, you shouldn't continue to entangle in this matter, otherwise you may become an enemy in the end.

"I brought them back. They are all in those two boxes. They are both high-grade jadeites. These two pieces of jadeite are made of glass. I offered a price of 3.5 billion Hong Kong dollars. These two pieces of jadeite are based on our Qin's jewelry Judging from the current consumption, it can almost last for six or seven months. At that time, I believe that there will be some gains from these rough jadeites. Even if we don’t participate in this fair, we can last for more than a year.” Of course, Qin Guozhong knew why Li Cong sold two pieces of jadeite to himself at this time, but he just didn't want his family to be killed so badly in the upcoming public offering.

The price of 3.5 billion Hong Kong dollars? The rest of the family looked at Qin Guozhong in disbelief. Since when did this kid have such great power? In the past more than a billion Hong Kong dollars, now he can use more than one-third of the family's working capital. It seems that the old man is really not ordinary about this guy.

When the old man saw these two pieces of jade in his room, he showed a satisfied smile on his face. This friend of his son is really interesting. If these two pieces of jade are sold as accessories, at least there will be With an income of more than 4 billion yuan, although the profit is only a mere 500 million Hong Kong dollars, it is better than closing the door without goods, and when the time comes, I can raise the price.

After all, this price is calculated according to the current price. It is hard to say what the price will be in the future. Maybe this is the beginning.

Mr. 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. It looked like something serious had happened. The tutoring of the Qin family was not bad. Such a situation shouldn't have happened, but the expression on this guy's face at this time is really very anxious.

"Second brother, what happened, come and see our jadeite." Qin Guozhong knew it was his cousin when he heard the footsteps, but now he was carrying him on his back, so he couldn't see the guy's face from that position With an expression on his face, he thought that this guy also came over to take a look after he knew that he had two new jadeites at home. He didn’t know that something big happened to the newspaper in his hand, and something big happened in Myanmar. , Burmese jade has a big deal.

"Where do I have time to read this, uncle, let's take a look at this news. Several major newspapers and websites in the world have published such a news. Liu Huoshan, the largest warlord in Myanmar, has the largest emerald rough warehouse. There was a huge explosion a few hours ago, hundreds of thousands of rough emerald stones disappeared, and now almost everyone should know.” The news has already reached the newspaper, as long as it is the person who can afford the newspaper, it is estimated that Everyone already knew the news. Mr. Qin was happy to get two high-quality jadeites for his family just now, but the smile on his face disappeared immediately. There are so many rough jadeites, more than a hundred thousand yuan, it should be Liu Huoshan has accumulated savings for more than ten years, and the warlord has no rough jadeite in his hands, so what price will the next public offer be offered?

Mr. Qin thought of the rough jadeite stones outside. After the news and the hype, it is estimated that the rough jadeite stones worth 3 million Hong Kong dollars outside may reach 5 million Hong Kong dollars, and there will be even higher ones. The current one Anything can happen in the society, but the happiest ones are probably those speculators, and those speculators who have goods in their hands. Among other things, it is Ling Tengyun, who spent several million Hong Kong dollars to buy it at the beginning. Some small stones, but when the news was reported, several people from the Northeast Business Gang came to this guy's room in the hotel, and they wanted to double the price to buy the rough jadeite in Ling Tengyun's hands. I don't want to sell it, but I'm still being quarreled to death by these people every day.

In the conference room of Chow Tai Fook Jewelry Group, because of the incident in Myanmar, Hong Kong’s largest jewelry group held its own board of directors overnight. At the meeting, Chairman Zheng Yutong and other directors asked the group to use its greatest strength to acquire rough jadeite. Otherwise, it is very likely that Chow Tai Fook There is a possibility that this brand does not exist. The jewelry industry sells at the same price. The more expensive the item, the more customers it has. Things, but after going through so many things, now emerald has become the highest jewelry that beats 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 the Burmese warlord Liu Huoshan still has a few emerald mines in his hands, they are all emerald mines that have been mined for many years. Can we continue? Production is still a problem. The shortage of rough jadeite is no longer a short-term problem caused by the war. It may become a long-term problem. There are still very few high-quality jadeites, and those lost by Liu Huoshan are all high-quality ones. Even now that Myanmar has entered a period of peace, I think it is still very problematic to want more high-quality rough jadeite as before. "The person in charge of Chow Tai Fook's procurement department said with a bitter face, all of this happened so suddenly that he had no chance to operate at all, and now he has to face the bitter fruit of high prices.

"Things have basically been settled. I believe everyone understands what Minister Wang said just now. Our group may be in an extremely critical position now. The next step for us to survive is emeralds, and all emeralds come from It comes out of rough jadeite, so we must have a huge reserve of rough jadeite so that we will not lose so quickly in the next competition in the jewelry industry. Vice President Zhao, tell us about our I hope everyone can listen carefully to the preparations and difficulties encountered by the group, if something goes wrong, everyone will be responsible for it in the future." Mr. Zheng Yutong said that he has not participated in Chow Tai Fook for so many years. The board of directors, especially when such a meeting was urgently held, this time he came to participate, which shows that this meeting is very important, and it is indeed the same as what he said, which is related to the survival of Chow Tai Fook in the future.

"Okay, I believe everyone is very clear about Chairman Zheng's words just now. Let me explain in detail. Our group has now collected 6 billion Hong Kong dollars to purchase rough jadeite. Originally, we felt that this price should be able to purchase six billion yuan from our group. Monthly demand, but because of the impact of this news, it is estimated that 6 billion Hong Kong dollars can purchase half of the previous purchase, so the purpose of the group holding this meeting is to hope that everyone can raise funds to contribute a sum of money, and finally according to I can tell you that according to the calculation of the financial department of the group, the money should have more than 30% interest by the end of the year, and of course it may be higher, so we are going to open it to everyone. Hong Kong citizens issue corporate bonds, with an annual rate of return of 20%, and 3 billion Hong Kong dollars in bonds will be issued within the board of directors. I hope everyone can support the group at this time." Vice President Zhao is also Zheng Yutong's deputy for many years In the past, he would never have imagined that the famous Chow Tai Fook Jewelry Group would reach this point, but what happened here today made him understand that if he didn't do that, the brand of Chow Tai Fook Jewelry might really disappear.

Group bonds of three billion Hong Kong dollars? Although each of the directors has known about this for a long time, they still did not expect to issue so many bonds. The group issued 4 billion Hong Kong dollars in bonds as early as the beginning of the year. Generally, a group like Chow Tai Fook spends 4 billion Hong Kong dollars in bonds every year. The Hong Kong dollar is basically at the end, but now the employees and the board of directors will add up to more than ten billion Hong Kong dollars. If all this money is used for procurement, the entire group’s purchase of emeralds may reach more than ten billion Hong Kong dollars. , This is a very huge investment at any time.

"I'm sorry, Mr. Zheng, I feel that the emerald is a bit overheated. We have used all our funds to purchase emeralds, so what should we do with the diamond purchase in November? At that time we still have to continue Issue bonds? As an old shareholder of the group, I hope the group will go well. I don’t recommend the group to purchase emeralds on such a large scale, but I have no other opinions on the resolution of the board of directors. I personally subscribe for 5 million Hong Kong dollars in corporate bonds "In every group, there will always be a few dissenters. This person is Zheng Yutong's partner in the early years, but now he has become Mr. Zheng's biggest enemy in the group. His family property will be in the dozens. 100 million Hong Kong dollars, but now it is only buying bonds of 5 million Hong Kong dollars, and what I said is pertinent. This is to tell those who are vacillating that this decision was made by Zheng Yutong himself, and it has nothing to do with him. Losing money What he said is also Zheng Yutong's own business, and has nothing to do with others, especially me.

In the past, as long as the old guy raised some objections, he didn't dare to speak to the outside staff, but there would always be some supporters inside the board of directors, but looking at it now, those hardcore supporters of him in the past will The children are a little bit avoiding the eyes of this old guy. We don’t care if you old guy wants to fight with the chairman, but now is a critical time. You fight you, but you can’t stop us from making a fortune. Buying rough jadeite now is a big deal. A thing that is a hundred times more important than buying diamonds. The price of rough jadeite is almost the same as that of gold, but there is not so much gold, but there are so many rough jadeites.

"I don't agree with Mr. Zhu's words. I think there are risks in doing things. Although it is not impossible for Chow Tai Fook to develop steadily, but if we continue like this, we may be chased by some people. For example, in the past, Qin's jewelry was only half of our assets, but looking at the actions of Qin's jewelry in recent years, I am not very clear about other aspects, but in terms of jadeite, Qin's jewelry has indeed dumped us It's far away, so I support the group's decision, and I will buy 25 million Hong Kong dollars in the group's bonds." A confidant of Zheng Yutong immediately responded, and his words won the approval of many people, and in a short time, hundreds of millions of dollars The bonds have been sold, and the people on the board of directors will have hundreds of millions of property. Buying some of the group's bonds looks good, and it's another investment. Why not do it? It's just that old Zhu who spoke just now I can't hold back anymore, when these juniors can accuse themselves like this, Mr. Zheng Yutong can see the expression on this guy's face, but he didn't say anything about the Buddha, just to let his subordinates see clearly This time, I am not affectionate.

When Zheng Yutong saw the news, he immediately breathed a sigh of relief. The jade rough stones that Li Cong sold to him the day before yesterday immediately doubled in value because of this news. Relying on the double price, I have earned back my capital, because the price of jadeite raw stones has increased, and the price of jadeite, which was originally high, has become even higher.

Zheng Yutong has been able to call the wind and rain in Hong Kong for so many years, but he can see the market clearly. Now he is hoarding rough jadeite. If you hoard it, it may not have any big effect, but if you don’t hoard it, you may die immediately. Even in such a market, it is not impossible to rely on his own ability, but the risk is too great. I am already in my seventies, and I don’t want to have nothing when I die, so I thought of using the group’s Buying in the name, even if you lose money, some people will follow you, and if you win money, it’s easy to say, these people are all your own people, and when the time comes to eat meat and they drink soup, what’s wrong? Who told you to follow me?

"Mr. Zheng, now that the bonds and the group's funds are added, we have more than 20 billion Hong Kong dollars to hoard rough jadeite. I wonder if it is enough?" After the meeting, the vice president of the Internet and the director of the wealth department brought two A document walked into Mr. Zheng Yutong's office, the three of them are the core part of the whole group.

"Hehe, 20 billion Hong Kong dollars can be regarded as the biggest penny in my life, but I still dare not say whether the money is enough or not. People in this world are too crazy because of jadeite. Although we are not speculators, we can rely on this It doesn’t matter if you get rich. You keep talking about the Chow Tai Fook brand, but is this brand worth 20 billion Hong Kong dollars? Those magazines say it’s worth at least 100 billion Hong Kong dollars, but if I sell this brand to him, does he need it? He’s willing to sell it. Did he estimate the money himself? No, so this time our task is to buy as much jadeite as possible, and then resell it. Our jewelry store will specialize in diamonds in the future, and the jadeite will be handed over to Qin's jewelry. , but when we withdraw, we still have to make a fortune." Zheng Yutong has already seen that it is a certainty that Qin's jewelry will become bigger by relying on jadeite, and they have no way to stop it. All you have to do is to do your own thing honestly, and it would be nice if you can make a little profit when you retreat.

The other two subordinates knew Zheng Yutong's character, and he must have thought about it for a long time to make this decision. They both shook their heads helplessly. The boss who has been strong for a lifetime must admit defeat at this time. In Hong Kong's 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 left behind by Qin's jewelry? x-on:.