At two o'clock in the afternoon, Liu Zhengyang arrived at Mingchao Building on time. He was accompanied by Qi Yanzhen from Lianshan Group, the holding group of Malaysia Chengde Trading Company.

At first, Liu Zhengyang was unwilling to work in Donglai Trading Company, but chose the overseas engineering field, thus Handa Engineering Company was born.

Unfortunately, this project is not easy to implement. After the first phase of the potash fertilizer plant was delivered, Handa Engineering Company did not have any new projects implemented. Before the launch of the second phase of the project planned by Liu Zhengyang, it had to start from scratch.

In the familiar trade field, Chengde Trading is a partner in exporting diesel generators to Malaysia. This is also the source of most of the profits of Handa Engineering Company last year.

With the economic development of Southeast Asia in the past two decades, we are faced with this problem, which is also a development problem that all developing countries must encounter, which is the lack of electricity. As a result, small diesel generators have become popular and the demand is very strong. On the other hand,

,Malaysia has no shortage of oil.

The transformation of Hengda Company's business is understandable and worthy of recognition, but in the view of Donglai Trading Company, this is Liu Zhengyang and Hengda Engineering Company crossing the line and taking away the business that originally belonged to Donglai Trading Company. This was not done at the beginning.

Facts that were already established at the time of the merger.

After Wei Min's audit of Hengda Engineering Company was completed, two days after Cai Zhiliang returned to Hong Kong, Greed went to Mingchao Building to explain the matter. Liu Zhengyang's low-price competition had seriously damaged the interests of Donglai Trading Company, and had done so to a large extent.

He said that in view of the current situation of Handa Company, it can be forgotten, but starting from next month, Hanta Company must stop this kind of behavior that harms others and does not benefit itself, and focus on the engineering field.

Liu Zhengyang did not deny it, and could not deny it. He only said that, first, it was a temporary helpless move for the company to survive; second, he expressed his dissatisfaction with Donglai Trading Company because the thermal power plants invested in the mainland.

System engineering involving sewage treatment would rather be left to our counterparts in Singapore than Hantec Engineering Company to be involved.

Qi Yanzhen, who came to visit Mingchao Building today, is not just the boss of a trading company. On the contrary, the Lianshan Group controlled by Qi Yanzhen was once one of the largest consortiums in Malay. According to his fourth uncle, back then,

Among Malaysian Chinese, the Qi family is second only to the World Sugar King. Unfortunately, twenty years have passed, and now even if they are flattering, they cannot keep up with the World Sugar King who is now crowned the hotel king.

This period of history, or rather this encounter, is a common phenomenon in Malay and is also a microcosm of the changes in the social status of the Chinese in Malay over the past twenty years.

Lianshan Group, associated with Qi Yanzhen's surname, will always make people think of Qilianshan. In fact, Lianshan Group has nothing to do with Qilianshan, but Qi Yaofang, the founder of Lianshan Group, who is also Qi Yanzhen.

As a father, he was still

When I was a down-and-out porter, I received guidance from an expert, and the expert held a copy of "Lianshan" in his hand at that time. So, after a turn of events, I founded the Lianshan Group, spanning real estate, retail, mining,

Chemical industry, rubber and many other fields.

At the beginning of the year, when Cai Zhiliang planned to go to Malaya, Cai Kang told him about the Lianshan Group and faxed him a directory of Chinese companies, introducing the history and current status of some large Chinese-funded companies.

The trading company is only an insignificant part of the Lianshan Group's business, and it basically does not attract any attention from Qi Yanzhen, but there are always exceptions in everything. In recent years, the Malay economy has been poor, and internal investment willingness is very low. Whether it is the government or enterprises,

Qi Yanzhen came to Hong Kong this time for financing. He has already visited Peregrine, Sun Hung Kai Securities, and Kerry Group.

"Mr. Cai, this is Mr. Qi Yanzhen, the chairman of Malaysian Lianshan Group." In the reception room on the top floor of Mingchao Building, Liu Zhengyang introduced the two parties and said: "Mr. Qi, this is the director of our Jinhe Investment

Chief Mr. Cai Zhiliang."

"Hello, Mr. Qi..." As the host, Cai Zhiliang spoke first and said some polite words such as "welcome".

"Good afternoon, Mr. Cai..." Following the words, Qi Yanzhen said a few complimentary terms.

Then Cai Zhiliang and Qi Yanzhen introduced each other to the important members participating in today's meeting. On Cai Zhiliang's side, in addition to Liu Zhengyang, there were also Wei Min and He Junan who had joined Donglai Trading Company.

"It's fate. As early as the beginning of last year, I had heard of Lianshan Group." Cai Zhiliang said: "I planned to go to Malaysia to inspect several investment projects. I heard President Cai of Kangtai Group mention that Lianshan Group is a Malaysian company.

I came to the largest Chinese-owned group, but unfortunately I couldn’t make the trip in the end.”

"Mr. Cai is so complimentary." He knew his own family affairs well, and the so-called largest Chinese-owned group no longer belonged to the Lianshan Group. Qi Yanzhen waved his hand, remembering that Cai Zhiliang was also named Cai, and asked: "May I ask,

You and Mr. Cai from Kangtai are..."

"My grandfather is the third cousin, and President Cai is the fourth cousin." This is the etiquette. Cai Zhiliang said: "In recent years, Kangtai Group has invested in the north and has more dealings with Jinhe Investment."

"If Mr. Cai goes to Malay, welcome to Lianshan Group as a guest."

In recent years, Lianshan Group has been obviously inferior to Kangtai Group when it has also implemented the strategy of heading north. In the final analysis, it is Kangtai Group that is easy to turn around and has a more resolute attitude. It does not have the worries of Lianshan Group.

Qi Yanzhen now attributed it to Jinhe Investment, saying: "I have only met Mr. Cai a few times, but I am quite familiar with his son-in-law, Pang Song, co-chairman of Kangtai Grain, Oil and Food Company, and we were there yesterday.

We met at Shangri-La Hotel.”

Kangtai Cereals, Oils and Food Co., Ltd. is the main business of Kangtai Group, with Pang Song as the chairman of the board of directors. Both Pang Song and Qi Yanzhen, both Malaysian rich men, are particularly fond of the Shangri-La Hotel.

"Last year, I spent most of my time in North America, but I haven't seen him for a long time. Kangtai Group came to Hong Kong to be listed. I think we have almost already talked about it."

The strategy of heading north has been a great success. The conditions for Kangtai Group to be listed in Hong Kong have matured. The plan was launched last year, and Gold River Securities and Hang Lung Bank will serve as underwriters. After a few pleasantries, Pang Song talked about Kangtai Group’s listing in Hong Kong.

With the listing in Hong Kong, the topic has become more and more biased and irrelevant to today’s theme.

"I feel ashamed to say that when I took over the Lianshan Group from my late father, it was not inferior to the Kuok brothers and the Kerry Group, but now it is incomparable."

Last year, King Guo Tang was once again crowned the richest man in Malaysia with a fortune of US$1.5 billion, leaving the Qi family and the Lianshan Group far behind. Cai Kang also said earlier that the Lianshan Group in the 1950s and 1960s

, is a more successful enterprise than Kerry Group, but the sixty

After the 1960s, the situation quickly reversed, and it was no longer half of the Kerry Group. The reason for all this was the new economic policy that Malaysia began to implement in the 1960s. It can be said that it was dictated by the situation, and it can also reflect the fact that a consortium is at the helm.

long-term perspective.

The New Economic Policy began in 1970, but had been brewing since the 1960s. After Malaysia became independent, it copied the British parliamentary system and basically formed a situation where Malays and Chinese co-governed. In the early days, it was still

It was relatively harmonious, but changes soon occurred.

In order to consolidate the foundation of its rule and achieve the goal of monopolizing power, Umno planned a series of events on the pretext that the Chinese accounted for only 32% of the population but nearly 60% of the wealth, which ultimately culminated in the May 13 nationwide riots.

, took over the Malay government and began to implement new economic policies.

As for the issue of Chinese wealth, it is quite complicated. Firstly, it is based on the instinct of the Chinese to work hard to get rich. Secondly, it is because of the consistent thinking of the British colonists, which was to suppress the Malay majority of the population by supporting the Chinese.

The purpose of balancing the situation.

But it is not as exaggerated as UMNO said, because a considerable part of the so-called wealth of the Chinese does not belong to the Chinese, but to foreign investors headed by the British, and is only managed by the Chinese.

Malaysia’s New Economic Policy, also known as the “Indigenous First Policy”, aims to redistribute wealth in favor of the Malays by depriving the Chinese of their interests. Its content and implementation process go far beyond the scope of economic policy and involve

Education, culture, religion and many other fields.

The MCA, which represents the interests of the Chinese people, even if it joins the Barisan Nasional organized by Umno, Umno still loses control of the Ministry of Finance, the Ministry of Trade and the Ministry of Industry, and eventually becomes a dispensable decoration. According to recent years,

According to statistics, Chinese account for 30% of the population, but only 20% of the vote.

The weakness in the political field is ultimately reflected in the continuous weakening of the economy.

Faced with the advent of the new economic policy, the Chinese have two strategies to deal with it. One is to develop overseas, and the other is to introduce Umno and government officials as shareholders to establish an "Alibaba-Baba" type joint venture.

.

Of these two strategies, the former, represented by the Kwok brothers and the Kerry Group, resulted in the loss of half of the wealth. According to rumors, the amount of funds that ultimately disappeared was as high as 20 million U.S. dollars, starting the pace of overseas investment.

This has led to today's strange situation. Although Robert Kuok is the richest man in Malay, most of his assets are in Singapore and Hong Kong. He himself has lived in Hong Kong for many years. This is also the reason why he was able to acquire 30% of the shares of Wireless Station a few years ago.

.

Another strategy is represented by Qi Yanzhen and Lianshan Group. When the new economic policy began to be implemented, the helm of Lianshan Group was still Qi Yanzhen’s father. Qi Yaofang was old and no longer had the power to create the company when he was young.

Shan Group’s aggressiveness has led to the choice of staying behind, which is also the choice of most Chinese-funded enterprises.

However, with the advancement of the new economic policy, the traditional construction industry, retail industry, and transportation industry were rapidly affected. However, industries such as aviation and shipping, logging, rubber, and gas stations only allowed Malays to enter, so Qi Yaofang chose the chemical industry.

, this industry has relatively certain technical thresholds.

After Malaysia implemented the New Economic Policy, it initially promoted economic development and achieved certain results in eliminating poverty and narrowing the gap between rich and poor. However, shortcomings soon emerged. Social investment willingness decreased, and nearly a thousand state-owned enterprises were invested and established.

It has been losing money for many years, and the conflict between the Malays and the Chinese has been intensifying due to social distribution problems.

But all this has been covered up, because since the 1970s, there have been two consecutive oil crises. Malaysia has also earned a lot of foreign exchange from oil exports. It has also benefited from the general environment since the 1950s and 1960s. The entire East Asia and Southeast Asia

, with Japan as the engine, the economy develops rapidly.

But this situation changed in 1985.

In order to regain its shrinking market share, Saudi Arabia increased production on a large scale, causing a flash crash in oil prices, falling directly from US$30 a barrel to US$13. It was not only the Soviet Union that was affected, but Malaysia's GDP growth rate also dropped from the previous year.

7.6%, directly turning into negative growth.

The Kangtai Group's strategy of heading north also came into being during this period. It is difficult to tell whether it was Cai Shao who contacted them or Cai Kang who took the initiative to contact the Cai family. After all, with more than ten years of development, the Malays have accumulated a wealth of experience.

Business experience shows that there are fewer and fewer companies similar to "Alibaba-Baba". After all, it is better to have fun together than to have fun alone. Social conflicts have intensified, and the development of Chinese-funded enterprises has become increasingly difficult.

In the past twenty years, Lianshan Group first experienced the divestment of shareholders, and then introduced new shareholders. Later, with the death of Qi Yaofang, its vitality was severely damaged due to the struggle for control. Although Qi Yanzhen finally managed to keep the company

Lianshan Group has long lost its opportunity for development. In terms of assets alone, Lianshan Group is still one of the top ten consortiums in Malay, but in terms of future development prospects, it is not necessarily better than Kangtai Group, so it is in urgent need of big investment.

investment of funds.

The Kerry Group is different. It decisively jumped out of the quagmire of Malaysia and caught up with the development opportunities of Singapore and Hong Kong. Now it has deployed in the mainland early and is about to reap the huge dividends released by reform and opening up. It is far beyond what Lianshan Group can compare with.

"The government has relaxed restrictions on foreign investment and Chinese capital, and the New Economic Policy ended last year."

Malaysia's economy is in recession, and public dissatisfaction is boiling. Not only are the Chinese dissatisfied with the government reaching dangerous levels, but even the majority of Malays who have gained certain benefits in the initial stage are also dissatisfied, because most of the benefits brought by the new economic policy have

Acquired by a few oligarchs, they became a new class of rentiers after the British.

If judged by the standards of twenty years ago, the New Economic Policy has achieved brilliant results, and the poverty rate and unemployment rate have dropped significantly. However, according to today's standards twenty years later, the poverty rate and unemployment rate are still the same as they were twenty years ago.

Than, there is no difference.

The support of the Malays is the basis of UMNO's governance. The economy has reached such a dangerous level that it had to abandon restrictions on the Chinese, and last year, the official officially announced the abolition of the New Economic Policy.

After all, Chinese capital is a huge capital in the world. According to Forbes statistics in the early 1980s, it was as high as US$65 billion. It was China's main source of funds during the period of reform and opening up, and Malay Chinese capital was second only to Hong Kong.

Perhaps it is because of this that in the face of the dilemma of economic development, the UMNO chairman visited China to seek reconciliation with the Chinese and gradually lift restrictions on Chinese capital in order to improve the level of social investment.

At the beginning, he did not hesitate to provoke disputes between the Malays and the Chinese in order to implement the declaration of the New Economic Policy, gain a majority of seats in the Parliament, and ascend to the throne of Prime Minister. In order to retain the throne of Prime Minister and eliminate public resentment, he also hoped to obtain Chinese capital
To be continued...