The Wealth Empire Crossing the Hong Kong

Chapter 124 Xin Jian Takes Over
Li Jianhui had just returned to the Wheelock Building, and before Chen Yulian could notify the executives of the Wheelock Group for a meeting, Qiu Deba, the second largest shareholder of the group, came to him.

"Li Jianhui, according to rumors, Wheelock Group will develop Tin Shui Wai immediately, and develop at a rate of building housing for [-] people every two years.

At present, everyone in Tianshuiwei understands that there is no basis for such a large-scale development. As a shareholder, I need an explanation. "

Li Jianhui drank the tea in his cup leisurely, and did not take Qiu Derbat too seriously. Currently, Wheelock Group, Li Jianhui holds 49.9% of the shares, Daoheng Bank holds 6.3%, and Xinhui Investment Company holds 7.6%. Qiu Deba, the second largest shareholder of Wheelock Group, can't play much role at all.

Seeing Li Jianhui treat himself like air, Qiu Deba said angrily: "Your behavior of disregarding the interests of thousands of shareholders of Wheelock Group for your own self-interest will inevitably be condemned by everyone. The future will definitely be destroyed in your hands."

"Mr. Qiu, if you came to me today just to talk about these things, please go back. I am busy with things and I don't have time to waste here with you. As for your opinion on the Tianshuiwei project, I have already made it clear. The group will hold a meeting tomorrow morning. At the board meeting, all directors will vote at that time."

Li Jianhui had already made clear his attitude of seeing off the guests, and Qiu Deba was too embarrassed to stay.

But before he left, he said again: "Even if Li Sheng has objections to me, there are thousands of shareholders who bought our group's shares, He Gu, and I hope that Li Sheng will think about these shareholders who support Wheelock Group, and don't act arbitrarily."

As soon as Qiu Deba left, Chen Yulian came in and reported to him: "Jianhui, I don't know who is manipulating it, the press conference has not yet been held, and rumors about the contract you signed with the Land Planning Department have already spread.

Our Wheelock Group is bearish on the stock market, and countless shareholders are scrambling to sell their own shares of Wheelock Group. "

Li Jianhui has offended quite a few forces. He is not sure which side is plotting against him this time, but one thing is clear, that is, the other party wants to lock up his funds and delay his expansion.

This can be seen from Morris's expression after he promised that Wheelock Group will enter the site to develop Tianshuiwei within this month. This time, it is obvious that there are forces setting a trap for him.

He disagreed with the reduction of Wheelock's land bank, agreeing that a large amount of funds would be locked up.

The development of a residential complex for [-] people cannot be done with tens of millions or hundreds of millions. Wheelock Group needs huge funds to enter Tin Shui Wai.

If the market over there is mature, it’s okay. After entering the market, the planning drawings can be taken out and pre-sold, so as to obtain funds for development.

Obviously, Tin Shui Wai does not have this foundation, which requires the Wheelock Group to invest in the construction itself, which is a great challenge to the liquidity of the Wheelock Group.

From this perspective, the sharp drop in the stock price of Wheelock Group is also justifiable. Given the current situation of Wheelock Group, it is difficult for Wheelock Group to alone afford the construction funds required for this project.

"Yulian, you go and inform the group and the executives of Wheelock Land to hold a meeting in room 205 in half an hour."

……

The high-level executives in the conference room all had serious expressions on their faces. The development cost of the Tin Shui Wai project was too high, and the Wheelock Group simply could not provide so much funds to support the development of the project.

In the face of everyone's opinions, Li Jianhui said: "I am aware of Wheelock's liquidity situation, and currently Wheelock Land is mainly focusing on the construction of Wheelock Plaza in Haojiang New City.

As for the construction of the Tin Shui Wai project, I plan to let the Xinjian Group take over. You don't have to worry that Wheelock Group's capital chain will be broken. "

Hearing this, the executives at the scene secretly breathed a sigh of relief. The current development of Wheelock Group is not bad, and they do not want the group to collapse due to blind expansion.

To be honest, most of the executives present are not optimistic about the recent development of Tin Shui Wai, and Tseung Kwan O will be the focus of Wheelock Group's development in the next few years.

However, if the Xinjian Group enters the real estate industry, then the [-] hectares of land in Tseung Kwan O may not be part of the Wheelock Group.

After all, compared with the son of Xinjian Group, Wheelock Group still has some gaps. Huihong Group will definitely transfer this land to Xinjian Group.

If the Wheelock Group wants to develop the Tseung Kwan O area, they can only buy the land themselves.

Before that, Li Jianhui also planned to develop the Tin Shui Wai project of Wheelock. However, due to funding issues, he would continue to raise additional funds as he did before, and the shareholders would raise funds in proportion.

It's just the reaction from the stock market, coupled with the fact that many high-level executives are not optimistic about that side, he doesn't bother to make other shareholders of Wheelock Group rich. He directly asks Xinjian Group to take over the land and develop it with his own sole proprietorship.

As for the funding issue, Huihong Group's profits will temporarily support Xinjian Group. At the same time, Xinjian Investment Company will also dispose of some of its shares and return them to funds to get through this year.

"I don't know if anyone here is willing to work for Xinjian Group as the general manager of Xinjian Real Estate, mainly responsible for the development of the Tianshuiwei project."

The executives of Wheelock Group would never consider that Xinjian Real Estate is just a subsidiary of Xinjian Group, and they will not lower their status.

Moreover, the main purpose of the establishment of Xinjian Real Estate is to develop Tianshuiwei, which is a position of blame for many high-level executives. If the development of Tianshuiwei fails, then the general manager of Xinjian Real Estate will bear the brunt.

The executives of Wheelock Land have no plans to go to Xinjian Group. Wheelock Land will be split up soon, and they will become a relatively independent group company in a short time. no big difference.

Moreover, the future development direction of Wheelock Land Group is clear, and they don't need to worry about the sudden stagnation of the group's development.

Xinjian Real Estate is completely different. This company was established for the Tianshuiwei project. Once there is a problem with the project or the project is completed, it may be merged.

After all, Xinjian Group is a financial-based group, and real estate is a bit far from its main business. In the Xinjian Department, this kind of hodgepodge will not come out.

These high-level executives are very clear that although there will be many groups in the Xinjian Department in the future, each group has a backbone and will not span major industries, such as real estate, finance, film and television media, retail department stores, electronic semiconductors, transportation, logistics and warehousing, etc., will not Let it mix it up.

It is impossible for Xinjian Real Estate to be under the Xinjian Group in the future. After the completion of the Tin Shui Wai project, one situation is to become an independent group company, and the other is to merge into Wheelock Land or Hutchison Properties.

According to Li Jianhui's plan, Xinjian Real Estate is likely to be merged into Hutchison Real Estate. After all, Hutchison Real Estate is mainly engaged in residential development.

Seeing that no one responded, Li Jianhui did not force anyone to take a job in Xinjian Group. He planned to see if anyone from Hutchison Whampoa was willing to go there. If not, he asked Xinjian Group to recruit directly.

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(End of this chapter)