We're building a super chaebol in Hong Kong
#331 - Expand more territory at the lowest cost
Li Yihui, Wei Li, and Bertha Gall discussed many details again before hurriedly leaving the Hutchison Whampoa headquarters building.
Today, he would still go to Lamma Island because the oil refinery there had some matters that he needed to handle personally.
Anyway, there was a telephone on Lamma Island, and he could talk to the boss, Su Cheng, about it later.
Watching Li Yihui's departing figure, Wei Li and Bertha Gall did not leave the office, but continued to discuss their internal affairs.
This matter would basically have no mistakes. Wei Li had been in contact with Su Cheng during this period and knew his character. He believed that Su Cheng would also support them in this matter.
Therefore, another matter that Wei Li and Bertha Gall needed to discuss was how to expand the gas stations!
"Mr. President, this is the gas station location map I brought. It marks the most detailed locations of our company's gas stations," Bertha Gall took out a very large map and spread it out on Wei Li's desk.
This map was rectangular, with Hong Kong and Macau maps on the periphery, divided by the middle, and maps of Malaysia and Singapore on the right.
The Hong Kong and Macau maps mainly focused on urban areas, after all, Hong Kong and Macau were not far apart, and the area of the two cities was not large.
Therefore, on the map, the location of the gas stations was even marked next to which road.
For example, for Hutchison gas stations in Hong Kong, Wei Li could clearly see that Hutchison gas stations were located in Tsim Sha Tsui, Yau Ma Tei, Hung Hom, Mong Kok, Sham Shui Po, Kwai Chung, Wan Chai, and other places.
For example, in Macau, the Ruins of St. Paul's, A-Ma Temple, and Taipa Island also each had a Hutchison gas station.
Macau was small, so three gas stations were basically enough. After all, the current population of Macau was only 240,000. Three gas stations were more than enough for this number of people. Moreover, ExxonMobil also had a gas station in Macau, so there was no need to expand in Macau.
However, in Hong Kong, in addition to Hutchison gas stations, other gas stations were also marked on the map.
The entire Hong Kong now had a total of 86 gas stations, of which Hutchison gas stations had 21, ExxonMobil gas stations had 26, and the rest were small private brand gas stations, with a total of 39 small brand gas stations.
Wei Li carefully looked at the map, and Bertha Gall said on the side: "Mr. President, since last month, except for Hutchison gas stations and ExxonMobil gas stations, the remaining small brand gas stations have successively suspended external oil supply. As of the end of October, all small brand gas stations have been temporarily closed. Not only that, but even ExxonMobil has temporarily closed 8 of their gas stations due to insufficient oil supply to save manpower. Therefore, in fact, only 39 gas stations are currently operating normally in the entire Hong Kong."
Out of 86 gas stations, only 39 gas stations were operating normally. Compared with before, the number of operating gas stations was less than half. No wonder Hutchison gas stations had been so busy this month.
As long as Tianwen Petroleum Company could supply enough oil, then it was indeed the best time for Hutchison gas stations to expand.
If they could seize the remaining gas station business, even if these gas stations wanted to continue operating after the oil crisis ended, they would find that the market share had already been taken.
Hutchison gas stations implemented a membership system with member discounts. Basically, people who came to Hutchison gas stations to refuel had very high loyalty to Hutchison gas stations.
Therefore, even if they wanted to regain market share after the oil crisis ended, it would be very difficult.
This was also the reason why Hutchison gas stations had always had stable business. With loyal users, they were not afraid of not making money.
Before the oil crisis, ExxonMobil had the largest share in Hong Kong and was the largest gas station chain enterprise in Hong Kong.
However, with the outbreak of the oil crisis, ExxonMobil's oil storage in the Far East was insufficient, so it could only close some gas stations, which led to Hutchison gas stations surpassing ExxonMobil for the first time and becoming the largest gas station chain brand in Hong Kong.
Looking at Malaysia again, the country currently had a population of over 13 million, which was about three times the population of Hong Kong.
Compared with Hong Kong, Malaysia had a vast territory, with an area of 330,000 square kilometers, so it also had many gas stations, as many as over 300.
However, Hutchison gas stations in Malaysia only had 26, accounting for less than one-tenth of Malaysia!
Currently, the situation in Malaysia was similar to that in Hong Kong, but Malaysia was also an oil-producing country, so the severity of its oil shortage was not as high as in other places.
Even so, Malaysia's current annual oil production was only 100 million barrels. This annual output was not as much as Su Cheng's stockpiled oil.
Malaysia's economy was mainly based on resource exports, such as oil palm, cocoa, and oil, among which oil had only begun to rise in recent years.
Malaysia's economy was in a stage of rapid development, so it attached great importance to the export industry. Now that oil prices had soared, it naturally took the opportunity to make money.
Therefore, most of the crude oil currently extracted in Malaysia was sold to international oil giants, such as the oil branch companies in Singapore.
Because of this, the domestic oil supply in Malaysia was still somewhat lacking.
The high oil prices had also led to some small private gas stations not being able to buy oil sources, and ultimately they could only choose to temporarily close down.
Therefore, out of the more than 300 gas stations in Malaysia today, only about 200 were operating normally.
This was also a great opportunity for Hutchison gas stations.
As for Singapore, it was not worth mentioning. As one of the world's three major oil refining locations, it would naturally not lack oil.
Therefore, on this map, both Hong Kong and Malaysia were suitable for Hutchison gas stations to expand. As for Indonesia and Siam, Hutchison Petroleum Company had not yet laid out gas stations in those two countries, so Bertha Gall was not clear about the situation there.
"Since this is the case, then let's think of ways to expand in Malaysia and Hong Kong. As for Indonesia and Siam, we will conduct a layout after investigating the situation clearly. If we have the energy, we can lay out in more countries in the future. Our Hutchison Whampoa Group is determined to become a large international enterprise. Our business certainly cannot be limited to Hong Kong and the surrounding areas. Places like Europe, the Americas, and South Asia must also have a layout, and now is a good time!" Wei Li said seriously after reading the map.
"Mr. President, if the layout is so large, the required funds must be very large. In this way, our company's current funds are certainly not enough, right?" Bertha Gall said helplessly.
Before Su Cheng took over Hutchison Petroleum Company, it had basically been emptied by Hutchison Whampoa Group.
It had only been three or four months since Su Cheng took over Hutchison Whampoa Group. In such a short period of time, although Hutchison Petroleum Company had made a lot of money, it was certainly not enough to expand so much.
"Therefore, it is best to expand more territory at the smallest cost!" Wei Li said, holding his forehead with one hand and thinking.
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