Traversing the courtyard

Chapter 551 Weidong's Shrewdness

If Weidong really refuses the loan, he still needs to discuss what the company should do next. He can't really file for bankruptcy. Although the company owes a lot of money, the company has expanded in size, and it is possible to sell some of its assets. Pay off the debt.

Now that Weidong has agreed to the loan, there is no need to use the final means of selling assets. Now that Xiangjiang's economy is in a downturn, selling assets can't be sold at a high price. There will be a substantial appreciation, and the company will be able to make a lot of money by then.

Right now, we need to see which company's shares are mortgaged to Wei Donglai. Although Hutchison's current cash flow is not good, it still owns a number of listed companies, including Hutchison, Huangpu, Hebao, Watsons, and Hutchison. Real estate, all Cheng real estate, all warehouses, Anderson Daya, and Harbor Engineering, these are listed companies with a relatively large shareholding in Hutchison, and there are more companies that only hold shares without much equity, such as wireless TV stations , Submarine Tunnel and other companies are a large number.

Even in HSBC, it also occupies a large proportion. Qi Dezun was a director of HSBC before, and now he is the vice chairman of the board of directors of HSBC. Even this is not able to get a loan of 5000 million from HSBC. It can be seen that HSBC is really struggling. .

Qi Dezun saw that after entering the discussion session, everyone began to let go of themselves. After all, Weidong agreed to the loan to ease the liquidation crisis of the parent company. Now there is no pressure.

"Since everyone can't discuss any results, then Yi Sheng, tell me, which company's shares are you going to use as collateral?"

Wei Dong thought for a while and said, "Just give me the shares in Huangpu."

"Whampoa? The company can't do it." Qi Dezun directly objected, but he didn't give Weidong a reason.

Weidong didn't have to be Huangpu, and said again: "Then give me the shares of Watsons, this is okay?"

Watsons is a chain of pharmaceutical supermarkets in Hong Kong. Of course, it mainly acts as an agent for the retail and wholesale of western medicine in Hong Kong. It also supplies various medical equipment and consumables to some hospitals and individual clinics, and also takes care of the sale of traditional Chinese medicine.

Xiangjiang still has a high degree of recognition of traditional Chinese medicine. Chronic diseases still like to see traditional Chinese medicine. Watsons has been deeply involved in medicine for decades, and it is also ranked among the top three pharmaceutical companies in this industry.

"Okay, then use Watson's share mortgage loan to repay the debt, then everyone can vote."

Qi Dezun didn't procrastinate, and directly launched a vote. Qi Dezun himself controlled the four seats, and Weidong's proposal must be agreed. This re-voting is just a process.

After everyone agreed, this matter was passed. Since the board of directors held a meeting, it will not only have this item on the agenda. There are more than ten issues to be discussed below, but they are not major issues. The implementation has little to do with Weidong, and his own company doesn't want to participate in the daily management. This is just a spectator, so I didn't say much.

Weidong is still waiting for the company to fail to operate before he buys a share, let alone say anything more.

Soon the board meeting was over, Qi Dezun and Weidong discussed the details of the mortgage procedures, and then sent Weidong out.

After getting in the car, Lu Meifeng found out that Wei Dong had loaned Hutchison 5000 million in cash, but it was secured by shares of Watsons.

"Boss, do you also list Watsons as the target of purchase?"

This company was not included in the list that Weidong gave before, but there was a sum in it.

"Also, this company is not bad."

It doesn't matter to Wei Dong, this is just for investment, you can buy whatever.

The next day, Weidong just wanted to go to see Amei after finishing the company's affairs, but unexpectedly, an unexpected guest came. Lu Meifeng came in and said that Flynn, a shareholder of Hutchison British Capital, had come to find him.

Wei Dong was very surprised and asked Lu Meifeng to invite the person in. After sitting down, the husband exchanged pleasantries and talked about the weather for the past two days, before Wei Dong asked, "I don't know what business Mr. Flynn wants me for?"

Flynn asked first, "Yi Sheng, do you think He Ji can turn around?"

Hutchison's current situation is indeed not good. Although the company's scale has increased, its external debts are more than one billion. Right now, the company is mortgaged and borrowed everywhere. The company has long been mired in debt, let alone development.

Wei Dong smiled and said, "Mr. Flynn is not optimistic about the company's prospects?"

"It's a bit pessimistic. If I knew it, I would have shot like you last year." Flynn said with emotion.

Wei Dong persuaded: "Now that the company's stock price has dropped from 44 to less than two yuan, it will be a big loss if you sell it."

"I'm going to lose a lot, but if I don't make a move, I'll be liquidated later and I'll have nothing!"

Wei Dong said: "That's true, no one knows if He Ji can survive."

Of course Weidong didn’t tell Flynn that Hutchison would not go bankrupt. Historically, HSBC eventually used the money to help Hutchison overcome difficulties, but the major shareholder also became HSBC. Qi Dezun stepped down sadly, and then HSBC sold the shares to Superman, and Wong became Superman's property.

Flynn felt that it was almost done, and then said: "To be honest, I have taken a fancy to a piece of land and want to take it when the price is low. I intend to sell the shares of Hutchison and replace them to buy land. I don't know Yisheng Are you willing to take over my shares?"

Seeing that Hutchison is getting worse and worse, Flynn wants to sell 5% of Hutchison's equity in his hand, or buy land and build buildings to make money. Right now, Hutchison is extremely disappointed. While it is still possible to sell for money, it is better to Hurry up and do it.

Wei Dong thought for a while and said, "It's okay to take over, but it can only be settled according to the current stock price."

Flynn owns 5% of Hutchison shares and a seat on the board of directors, so it is a good deal to buy at the current price.

Only then did Flynn feel relieved. If these shares were sold from the market, the stock price would have to be lowered if the sale was slow. I had asked several people before, but none of them were willing to take over the shares of Hutchison, otherwise they would not have found Weidong. Here it comes.

"Thank you, Yisheng. I wonder if you are willing to take a stake in real estate now. We can cooperate to develop the land on Lantau Island."

"Yes, I will arrange someone to connect with you." No matter when it is suitable to engage in real estate in Hong Kong, it is suitable to start to do it now, and when it is completed in two years, Hong Kong's economy will also pick up.

The boss has settled on the direction, and the following are all meetings with his subordinates. The two parties will form a joint venture company according to the proportion of capital contribution to focus on the development of this piece of land, and this will add another subsidiary company.

After sending Flynn away, Weidong turned around and went out to continue wandering.

Since my stock market fell below the 11-point integer mark on November 11, it closed at 200 points at the end of the month. It also gradually fell after entering December. On the 166th, it fell to a new low of 12 points in six years. Xiangjiang's stock market is dead silent.

During this year, only three companies in Xiangjiang were listed. One was Mitsui Matheson Co., Ltd., which listed Neon in February, a Baguio Gold Mine in the Philippines in May, and Xiangjiang Tunnel Company, which was listed in July.

Only three listed companies throughout the year can see the depression and death of the stock market.

When hitting a new low, Lu Meifeng and Weidong frantically swept up the goods in the big household room. The more they fell, the more they sold. The original 66 yuan fell to the current 7.6, and Hutchison fell from 44 to only 1.6. There are many companies with only a few cents or even a few cents. It can be said that the prices of many companies are floor prices.

Lu Meifeng asked: "Boss, we have received close to 15 billion in stocks, how can we pay back so much?"

"Now the company has three or four hundred, how much did we buy? It's a normal phenomenon, don't ask so many."

Now it is similar to when Weidong first started. At the earliest, the index was around [-] points. Now, after going around, the stock market has returned to the original starting point.

However, Weidong now has enough ammunition in his hands to invest heavily in the stock market, which is completely different from the last time.

It was almost Christmas and New Year's Day, and Weidong came to Felice's villa again. With this new toy for the doll, Weidong ran a lot more diligently recently.

When I came in, I found only Phyllis was there, and asked, "Why isn't Amei here?"

Phyllis replied: "Amei is on the set with her sister. I have something to do with you."

Wei Dong came over and put the doll on his lap, put his arms around his upper body and asked, "What's the matter?"

Phyllis held down Weidong's flailing big hand and said angrily, "Big villain, let's talk about business first, shall we?"

"You talk about yourself, what does it matter if I play with my doll?"

"Hate."

Feeling that Weidong's enthusiasm was getting higher and higher, Phyllis closed the documents angrily, turned around and decided to do business first.

After Wei Dong laughed, Phyllis finally got down to business: "I thought mortgage loans were a bit unreasonable before, so I found a factory and sold it to you for 2000 million yuan."

Weidong looked through the information, the location of the factory is a bit off, but the area is relatively large, based on the current market price, 1500 million is a very suitable price, the 2 million that was sold to me is just to find a way to get Phyllis' money There is a source, even though the purchased shares were listed under Felice's name, they were actually handed over to Weidong for safekeeping.

Wei Dong laughed and said: "Now it is an industrial land, you see, if we sell the machines and turn it into a residential land, although it cost a lot of money, but the construction company is underemployed now, it is a good time to build a house, build a house At least 5000 million can be earned."

"Can you still play like this?" Phyllis learned all the formal business models from books, and she won't teach such tricks that are not on the table.

Wei Dong smiled and said: "It's nothing, actually you didn't pay attention to it. Changjiang Real Estate, New Century found that a large number of real estate companies such as Hongji Real Estate are now converting the former industrial land into residential or commercial land, and are busy starting construction. Woolen cloth."

Xiangjiang has a policy that if the industrial land is converted into residential land or commercial land, it needs to pay a certain percentage of taxes based on the market price. Now that Xiangjiang’s economy is in a downturn and land prices have shrunk significantly, the tax paid is much lower than when the property market was booming. Save a lot of capital expenditure.

Of course, many industrial lands under Weidong’s name have also been converted recently. It is planned to convert the original factories and industrial buildings into business centers, office buildings, hotels and other properties. This wave of tax savings is worth hundreds of millions. .

Phyllis re-examined the location of the factory. There are also some houses nearby. They can indeed be converted into high-rise residential buildings, but it will take a little more time. Such a lucrative business is delivered to her without knowing it. It seems that she is doing business on her own. His brain is not bright enough, so in comparison, the man he is looking for is not just a playboy who thinks he only wants to play three ways every day.

Phyllis was immediately impressed: "I didn't expect you to be so flexible, so you can make a lot of money by buying land and building houses at this time?"

"Indeed, if you come forward to buy land to build a house, I'll give you the bottom line later. Forget about housing, try to build commercial restaurants and office buildings. That kind of land has been yours for hundreds of years."

Wei Dong said again: "You can turn this piece of land into commercial land and put it under a company. I'll arrange someone to buy it later."

In this way, the value of the land increased, and the money was transferred to Felice's name by the way. This was not even counted as money laundering, it was just a normal business.

Besides, Weidong didn't lose money, he only made less money if he took over by himself, and in the long run it was still very cost-effective.

Thanks to Xiangjiang’s special land policy, almost all the land on the island has 999-year property rights, and it is still more than 800 years old when it is bought. If it is built for commercial use, the land is still its own. If the house is built and sold, the land is shared. that's it.

Right now, it is safe to keep the land in your hands.

Phyllis hesitated for a while before saying: "Isn't it good to sell it? Besides, Xiangjiang's status is still uncertain, and there may be nothing left by then, so it's better to sell it now."

This is the real thinking of these foreigners. Although there are 999 years of property rights in theory, people from the other side may come over one day. If the ownership of the land is not recognized, the land deed is a piece of waste paper, and it is better to realize it in advance. cost-effective.

Of course, Wei Dong knew that the land in Xiangjiang was precious in the future market, and it was reasonable to charge more in his hands while he could buy it cheaply right now, but this matter couldn’t be told to Felice, a foreign girl, and he probably wouldn’t believe it even if he said it. .

He just said: "You are only white and you are worried, but my swimmer from the other side is not afraid to buy any amount of land. You can just buy the land and sell it to me. I will give you the money first and you are expanding."

Weidong wanted to use this method to help Phyllis have a source of money, and no one would doubt the acquisition of shares in the future, so that he could get rid of his private relationship with Weidong.

Phyllis suddenly said: "That's right, you came here from swimming, I forgot about it, so did you get a guarantee that the assets under your name will not be liquidated in the future?"

"What are you talking about?"

Wei Dong shouted: "I'm just here to find a wife. I'm not an official person. Besides, the mainland has established diplomatic relations with the Beautiful Country and the Sunset Country. Even with Neon, we can communicate normally. We do business honestly in Xiangjiang. It won't do anything to us."

Phyllis sighed: "That's you, but we are always outsiders, and we are all worried that there will be a day when we will settle accounts after the autumn."

Wei Dong put his arms around Phyllis and said with a smile: "You are my wife, don't worry, I will guarantee that you will be fine."

"Forget it, it's still early anyway, let's talk about it later." Phyllis also realized that this matter is not up to her to decide, and it's more important to make money first.

At this time, there was a sound at the door, and Amei came in in a flash. Seeing the two hugging each other, Phyllis's pink underwear was thrown on the side of the sofa next to her so dazzlingly, she said angrily: "Okay, you guys in the middle of the day Just steal it?"

(End of this chapter)