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Chapter 564 Samsung Countermeasure Meeting

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    After the Mitsui Consortium and the Royal Family Fund determined the cooperation framework, the related companies under their command acted quickly.

    ? HSBC Bank, Geli Group, Cheung Kong Technology Group and the electronic semiconductor industry troika Atlantic Jinko, Hynix and TSMC have formed working groups to go to Japan to negotiate with related companies.

    In just over 20 days, many cooperation results have been achieved.

    July 27, 2004

    The two parties jointly held a press conference and announced a series of cooperation intentions.

    Sony, Toshiba, Panasonic, nec and Royal Family Fund's Cheung Kong Technology Group and Geli Group respectively reached a cooperation agreement, intending to jointly invest in the construction of a global home appliance production base in Huaxia, share logistics, docks and storage resources, and share resources in technology research and development and patents.  Authorization has further in-depth cooperation.

    This move means that the alliance of home appliance enterprises between China and Japan has taken shape.

    at the same time

    HSBC and Sumitomo Mitsui Banking Corporation have established a global partnership, committing to cooperation in investment banking, interbank business, insurance, and securities business, strengthening mutual exchanges, and jointly coping with severe challenges in the world's financial industry.

    Mitsui Fudosan Co., Ltd. has cooperated with Hongkong Shanghai Hotel Group Co., Ltd. to obtain the franchise rights of the other party. It will build 100 five-star Hills International Hotels in Japan, South Korea and Southeast Asia, 15 super five-star Waldorf Astoria hotels, and 300  A four-star Miramar Hotel (excluding Huaxia and Hong Kong).

    The good news came out

    The stock prices of Hong Kong Shanghai Hotel Group and Sears Hotel Group have risen successively, further boosting the confidence of market participants. The signing of this large contract is expected to bring considerable franchise income to the company and increase the gold content of the equity.

    ?For Mitsui Fudosan Co., Ltd., which has a large number of fixed assets in Fuso and overseas, this is also a win-win agreement.

    ?With the help of the world-famous hotel brand effect, Mitsui Fudosan has been able to revitalize a large number of fixed assets, increase the value of properties, and gain a share of the booming economy in Asia.

    Not long after

    Wang Yaocheng, the helm of the consortium, flew from Hong Kong to Japan again to participate in the signing ceremony in person to show the importance he attaches to the cooperation between the two parties.

    Considering the consistent low-key principle of the Mitsui Consortium, Wang Yaocheng did not participate in the subsequent press conference and stayed in the presidential suite of the five-star Hills Hotel in Tokyo, preparing for the second phase of high-level talks.

    These news cannot be concealed from those who are interested, and have caused widespread disturbances in the financial circles of Japan and South Korea, and at the same time attracted great attention from related financial groups in the United States.

    The Korean Peninsula

    Seoul, Samsung Group Headquarters

    Here is the Samsung Group president-level crisis countermeasures meeting, which is chaired by Li Jianxi, the helm of the consortium, and Li Jinzhe, director of the Samsung Economic Research Institute, is giving a special report;

    "President, the Sanyo Consortium and the Royal Family Fund have joined forces to form an alliance, which will definitely strengthen the market monopoly and cause substantial damage to the Samsung Group. After our intelligence assessment, the main impacts are in the following three aspects;

    First, the financial securities industry.

    The cooperation between HSBC, the world's number one bank, and Sumitomo Mitsui Bank, a veteran Fortune 500 company, has undoubtedly blocked the way for Samsung's financial business to expand outward.

    influenced by

    It is basically impossible for Samsung Securities, Samsung Credit Card, Samsung Life Insurance, Samsung Marine Fire Insurance and other companies under the group to break through the double blockade of Chinese and Japanese financial giants and succeed in the East Asian and Southeast Asian markets.

    Forced to be confined to the small local market on the Korean Peninsula, inherently limited in development.

    ?Second, petrochemical and heavy industry

    ?Royal Family Fund's shareholding in Shin-Etsu Chemical and Sumitomo Chemical is expected to lose the huge market in China. The competition in the world is in a very unfavorable situation. I remind the President to attach great importance to it.

    we know;

    Japanese-funded chemical companies have always had high production levels and excellent quality, and their prices are generally lower than those of chemical powerhouses such as the United States and Germany. They have a strong competitive advantage in the field of mid-to-high-end chemical products.

    Samsung Total, Samsung BP Chemicals, Samsung Petrochemicals, Samsung Heavy Industries, Samsung Fine Chemicals and other companies under the Samsung Group are generally inferior to Japanese-funded chemical companies in terms of depth, breadth, and technical level of chemical products. The only thing they can sell is the price advantage.  .

    ?The joint venture between the Chinese and Japanese consortia is undoubtedly bad news for the heavy chemical companies under the Samsung Group, and must arouse great attention.

    In the field of world chemical production, no country can compete with Huaxia in the field of low-end chemical products.

    Surrounded in front, behindwill do it.

    The Institute of Semiconductor Science has gone to great lengths to recruit a lot of talents from Hynix, and it has entered the track of normal development. Everything seems to be going well.

    The arrival of Wang's consortium and Mitsui consortium is like pouring a basin of cold water on their heads.

    It's too venomous, it doesn't give Samsung Group a way out!

    In the field of mobile phones, which Samsung Electronics focuses on, it has been constantly pursued and intercepted by the mobile phone brands of the Wang consortium, and brazenly launched the "Machine Ocean Strategy" to encircle and suppress Samsung mobile phones from all aspects.

    Now that the scope has expanded to the field of home appliances, Li Jianxi feels that his brain is hurting, and he can no longer handle it.

    Once Japanese-funded brands get the bonus of China's cheap labor force and massive production capacity, they will be able to compete with Samsung in the mid-range market. Just thinking about it makes people shudder.

    Samsung Electronics accounts for half of the group's revenue, and it is a position that must not be given up.

    Facing this serious situation, apart from the Korean Peninsula government and Samsung Electronics issuing a solemn statement protesting that the other party abused market means to hinder competition, only

    The behind-the-scenes US financial backers took action to suppress it.

    Other than that, there is no other good way.  (Remember the site URL: www.hlnovel.com
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