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Published at 25th of December 2023 05:14:50 AM


Chapter 394: [End of Sing Tao Investment Plan]

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Chapter 394【Sing Tao Investment Plan Ends】

The second speaker of the business expedition team was Fu Hongru, the president of Baiyou Group. Baiyou Group’s business is big;

Ready-to-wear manufacturing, branded clothing, and retail, these businesses are what Singapore wants.

As far as the garment manufacturing industry is concerned, the Uniqlo garment factory under the Baiyou Group has invested in Sing Tao as early as 1949, which can be said to have considerable origins.

Fu Hongru said: “Baiyou Group has been rooted in Singapore for 17 years. Today’s Singapore is not the original Sing Tao, and Baiyou Group is not the original Uniqlo.”

This time we plan to invest in three projects in Singapore:

First, Baiyou Group is now investing in a commodity supply chain center in Singapore. It will purchase products from the entire Southeast Asia, and then provide reliable products to our department stores and convenience stores through Singapore.

Second, Baiyou Group is currently preparing a plan for the retail industry to go global. We will include Singapore as our investment focus, and we will invest in department stores, convenience stores, clothing brand stores and other businesses in the future.

Third, in the garment manufacturing industry, we will invest in new factories to replace the existing factories. In terms of labor, the new factories are expected to increase by 500 people to around 2,000. "

After listening to Fu Hongru's words, Li Guanyao and other Singaporean officials showed a bright smile. This scene can be described as a long drought and rain.

These investment projects are big laborers, which can increase job opportunities for many Singaporeans. There is no reason why they are not excited as new government officials.

The main task of Singapore is not to develop any industry or how much money to make, but to find a job for 2 million Singaporeans, so that they can live and eat well.

Li Guanyao is very clear on this point, so whether it is a multinational company coming to Singapore or a small business coming to Singapore, the Singapore government always welcomes it.

Li Guanyao said: "President Fu, thank you for your recognition of Singapore. These projects of Baiyou Group are in great need in Singapore. We will guarantee all your rights and provide as much convenience as possible. In the next few days, we will send someone I will accompany you to investigate and hope you can feel our sincerity."

Fu Hongru said: “Thank you for the hospitality in Singapore. I believe that having a government like yours is the gospel for our investors.”

Next is Lenovo Group. The two vice presidents of Akio Morita and Isenda are very busy recently. This time, the head of the business department, Ryohira Kimura, is one of the six senior executives of Lenovo Electric.

For Lenovo Group, Singapore officials can be said to be the most important industry, after all, this is a high-tech industry-the electronics industry;

Singapore’s current electronics industry is poor and white. According to Wu Guangyao’s knowledge from later generations, in three years, Texas Instruments of the United States began to invest in Singapore, followed by the National Semiconductor Factory. Later, Texas Instruments’ competitor Hewlett-Packard also decided to start production in Singapore; Other electronic companies in the United States also followed. American multinational companies laid the foundation for Singapore's high-tech electronic industry. The electronic industry not only solved the unemployment problem, but also turned Singapore into a major exporter of electronic products in the 1980s.

Lenovo Group is by no means a Dongying company, but a multinational company. This is Wu Guangyao’s mind!

So, when I came to Singapore this time, I also gradually built this company into a real multinational company.

Investing in the electrical and electronic industry in Singapore has one advantage that Hong Kong Island does not have, and that is the talents of the future;

There is no science university on Hong Kong Island, and the Hong Kong government does not have the determination and patience of Singapore.

Kimura Ryohei said: “Lenovo Group is a large-scale company integrating electrical, electronics, and entertainment businesses, so we want to invest in a 300-acre industrial park in Singapore, mainly producing semiconductors, home appliance parts and other projects.”

Ryohei Kimura doesn’t say much. For him, Lenovo Group is a sweet potato, and developed countries are rushing to ask for it. You don’t need to explain it to Singapore too carefully.

Singapore’s officials nodded one after another, Lenovo Group’s land must be approved, this is a high-tech industry!

If multinational companies can get workers paid and teach them skills and management, why not win them over?

This is the reality. This country can say nothing about these. If someone takes them, they naturally agree without hesitation.

At this time, other businessmen on Hong Kong Island finally experienced the power of Wu Guangyao outside of Hong Kong Island;

Any project is a project that everyone can never see!

Next is the Oriental Media Group, which can be said to be a relatively defensive company in Singapore;

But because Wu Guangyao has just invested so much, Singaporean officials cannot refuse, and can only be vigilant.

Orient Media Group is a big public opinion tool after all. If it controls Sing Tao’s public opinion, it will obviously be detrimental to the new government.

Fortunately, Yang Kang did not mention newspapers, radio and other topics, but said: “We, Oriental Media, want to invest in some cinemas in Sing Tao to enrich the amateur life of the people of Sing Tao.”

The large-scale investment in theaters in Southeast Asia is the next project of Oriental Media. After all, it will be the world of theaters in the future.

Shao Laoliu hates Oriental Media in this way, and honestly takes the movies to the Oriental Cinemas to play, because the Oriental Cinemas is the cinema with the highest occupancy rate on Hong Kong Island, and it is also the cinema with the highest traffic;

As long as the Oriental Cinemas do not trouble Shao Pictures, Shao Laoliu should be Amitabha!

Of course, Oriental Cinemas will not deliberately target Shaw Pictures, after all, they also need to make money.

Li Guanyao and others affirmed Yang Kang’s plan and promised to give some support.

In fact, Oriental Media has a very large business in Singapore. For example, "Sing Tao Daily" has two Chinese and English editions, which are Singapore's local newspapers;

Other newspapers and magazines of Oriental News are also published in Singapore. They have not been interfered by the new government for the time being, and may be subject to supervision in the future; supervision belongs to supervision. As long as they do not violate the interests of the Singapore government, they can operate normally.

Next, it is finally the turn of other businessmen on Hong Kong Island to speak!

The industries of ready-to-wear, textiles, plastics, umbrellas, and toys on Hong Kong Island can be said to be well-known in the world;

Don’t look at these companies as small, but you are poor in Singapore. If you don’t start from these industries, how can you develop all at once.

Because Wu Guangyao is the chairman of the Garment Chamber of Commerce and Lin Youde is the chairman of the Textile Chamber of Commerce, this time I took many businessmen to Sing Tao for inspection.

Gathering less and making more, this is also a very big investment. There is no reason that Singapore officials do not regard everyone as God.

In short, the Singaporean officials have all agreed to all the requests made by everyone. It can be seen that Singapore is embarrassed at this time.

The next day, Wu Guangyao set off to return to Hong Kong Island, and the rest of the inspection was handed over to the presidents!

Chapter 392 is blocked and affects the mood, the Singapore story is over!

(End of this chapter)




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