Started from Hong Kong Island

Chapter 121 [Looking at Causeway Bay]

Deng Jiaren looked down on Li Wendi a little, thinking that Li Wendi was just lucky and had some ability but not much, and that it was mostly the sense of superiority in his heart that was at work.

Faced with his authoritative father, Deng Jiaren could only nod to show his approval.

Deng Songlian had experienced so much, so he could naturally see what Deng Jiaren was thinking, but he didn't want to expose it because he believed that it was ambition that would prompt Deng Jiaren to mature quickly.

"Let's leave it at that. Go find other listed companies. The next investigation should be more detailed. Don't be as vague as this time." Deng Songlian said calmly.

"Yes, I understand." Deng Jiaren said with his head down.

This acquisition did not achieve its goal, but it did make a profit of several million dollars, and the next acquisition will be more certain.

Therefore, Deng Jiaren did not think in his heart that this acquisition was a failure.

Friday, October 8

Dachang Real Estate Co., Ltd. suddenly announced its listing plan and planned to be listed on Monday, September 9, issuing 11 million new shares with a public offering price of 1250 yuan, raising a total of 4 million yuan to acquire property land and develop land.

The founder of Dachang Real Estate is Chen Detai, whose ancestral home is Xinhui, Guangdong Province. He has been active in the real estate industry in Hong Kong as early as the 50s, and had become one of the largest real estate developers in Hong Kong by the mid-to-late 50s.

In addition to owning some land properties, Dachang Properties also holds a 25% interest in Hutchison House, a 41% interest in a 40 square feet shopping mall and office complex on Leighton Road, as well as shares in some companies, such as shares in the Lee Hysan family company.

In the previous life, it was known as one of the Five Tigers of Chinese Capital. Although it was at the last, it also proved the strength of Dachang Real Estate during this period.

Therefore, getting shares of Dachang Real Estate is a very cost-effective investment, and doubling the profit is not a problem.

Li Wendi quickly found Wu Xiong, wanting to get a small amount of subscription shares.

"Okay, Mr. Li! I will try my best to help you get the subscription rights for Dachang Real Estate." Wu Xiong answered seriously, because the scale and reputation of Dachang Real Estate Company were not much weaker than those of Hopewell Industrial Company, and the difficulty was almost the same. Moreover, with the example of the sharp rise in Hopewell Industrial Company's stock, both individuals and companies would not miss the opportunity to make a fortune.

Li Wendi naturally knew the difficulty, but he couldn't say anything. This was a good opportunity to make money and should not be missed.

"How is the share price of Hopewell Holdings?" Li Wendi asked, changing the subject.

"It has risen to 4.7 yuan. Mr. Li, you have earned 27 yuan." Wu Xiong replied. This number is not pleasing, perhaps because they are used to seeing huge profits.

"The share price of Sun Hung Kai Properties has risen to 4.2 yuan, and the increase has eased significantly. In my opinion, the share price will not change much anymore." Wu Xiong reminded again.

There are too many companies listed recently. The market value of Sino Land Co., Ltd. is almost the same as its actual asset value. Investors’ enthusiasm for it has also declined a lot. In addition, Sino Land Co., Ltd. has not released any good news. It is obviously unlikely that the stock price will increase significantly.

In this case, if Li Wendi still puts this money into Sun Hung Kai Properties' stocks, he will not be able to realize asset appreciation, which is a losing deal for him. After all, the stock market is very hot and most stocks can make money.

"If it rises to 4.5 yuan, help me sell it." Li Wendi felt that what Wu Xiong said made sense and was willing to trust Wu Xiong. "What about the share price of Lehong Real Estate?"

"Lehong Real Estate is too small. After it rose to 2.6 yuan, it basically stopped moving." Wu Xiong sighed. Lehong Real Estate is one of the stocks with the worst performance since he followed Li Wendi.

“If the price stops rising, sell it. Continuing to hold it will only lock up your funds, and there is also a risk (of falling prices).” Li Wendi immediately ordered a sale.

Lehong Real Estate stock was just a dessert to him, and he didn't expect to make much money.

"Okay, I'll handle it later." Wu Xiong knew that there was no rush for this matter.

"It's been so long, but the Swire Properties has not been exposed yet. It deserves to be the number one real estate company in Hong Kong." Li Wendi complained slightly. The Swire Properties battle in the previous life took place at the end of October, which is still two months away.

Wu Xiong pondered for a moment and said, "In fact, the actions of the Landmark Company are easy to detect. It should be that Zhou Xinian, the head of Dairy Farm International, was too careless, or he thought that no one dared to take action against Dairy Farm International. He even thought that the shareholders of Dairy Farm International were all large companies. If something happened, these shareholders would take action."

"Haha!! The latter is the most likely." Li Wendi only knew about this war in his previous life, and did not know the characters and reasons of the protagonists of this war. However, he knew that Zhou Xinian once wanted to develop in the officialdom, but unfortunately, things did not go as he wished, and he failed in the officialdom, so he returned to the business world to stir up trouble. However, Zhou Xinian was old and had lost his original courage. He was even more unwilling to gamble his later life, so he lost control of Dairy Farm International in his previous life.

Zhou Xinian underestimated the greed of human nature and overestimated his own power. You have to know that most of Dairy Farm International’s shareholders are large British companies, such as Wheelock and Hutchison Whampoa. Under the same conditions, they would naturally support their own people.

Of course, all this has nothing to do with Li Wendi, and he is not qualified enough to get these. All he can do is to take advantage of this favorable situation to strengthen his own strength.

"How many shares of the Jardine Matheson Group were purchased?" Li Wendi continued to ask.

"You have only acquired about 1.2 shares in the past half month. You now hold 5.2 shares of the Crown Holdings Group, and the Crown Holdings share price has risen to 93.1 yuan," Wu Xiong reported.

"Okay, continue to buy shares of the Jardine Matheson Group, don't stop." Li Wendi instructed.

Li Wendi stayed in the HSBC trading hall until 3 pm, and all the shares of Lehong Real Estate Company were sold.

"Mr. Li, the shares of Lehong Real Estate Company that you held have been sold at an average price of 2.6 yuan. After deducting various expenses, 163 million yuan was recovered, with a profit of 63 yuan, and a rate of return of 63%," said Wu Xiong.

"Mr. Wu, your latest task is to collect information about companies to be listed and pay attention to the actions of the land company." Li Wendi instructed.

"Yes!"

It was already 3:30 in the afternoon when Li Wendi returned to Xingguang Real Estate Company. Zhang Wentao immediately ran over to report on his work.

"Boss, the acquisition of land and properties in Causeway Bay is nearing completion. We have acquired a piece of land, a building, and three shops. The 3 million in funds have been used up, and we have borrowed 500 million from the bank." Zhang Wentao reported.

Li Wendi took the document and flipped through it. When he saw the location of the land, he frowned slightly. "No. 54 Jardine's Bazaar! I remember this is the home of the Lee Hysan family. How did they buy the land here?"

The Lee Hysan family is one of the old families in Hong Kong and they act somewhat overbearingly. In the past, to acquire the land on Jardine's Street, one had to get permission from the Lee family, otherwise it would become a loss-making piece of land and nothing could be done.

Zhang Wentao naturally understood what Li Wendi meant, and quickly replied, "Now many real estate developers are pouring into Causeway Bay. The previous rules no longer exist, and the Li family is too busy to handle it. They are also acquiring land in Causeway Bay, intending to build a building that integrates shopping malls and offices. They seem to be worried that real estate developers will threaten their position as the landlord of Causeway Bay."

"Well, that's good. We are here to do business, not to provoke others." Li Wendi nodded. The Li family is very powerful and has a complicated network of relationships. Even the British have to give them some face. He doesn't want to provoke such a family, at least he doesn't have the qualifications to do so now.

"Boss, Xingguang Real Estate's funds are running out. I wonder if we can mobilize some more?" Zhang Wentao's main purpose was to get money.

Li Wendi smiled and said, "How much do you want?"

"300 million will be enough, this is my plan. I plan to acquire two relatively remote plots of land in Causeway Bay, located on Wong Nai Chung Road, with an area of ​​4.1 square feet," said Zhang Wentao.

Li Wendi looked through the documents again and felt that Zhang Wentao's plan was very far-sighted. The land in Causeway Bay was definitely not enough, so it was necessary to reserve some cheap land first.

However, Xingguang Real Estate did not have the ability to build a building, so Li Wendi asked, "What are you going to do after you get the land?"

"Boss, I plan to hold on to it for a while, and when the land price goes up, I will hire a construction company to build a commercial building."

"Well, that's a good idea. Our current strength is not enough to establish or acquire a construction company. It is more cost-effective to hire a construction company." Li Wendi had the idea of ​​establishing a construction company, but unfortunately he did not have the opportunity or the strength.

After Zhang Wentao left, Li Wendi was still thinking about how to gain more benefits from the land in Causeway Bay.

Now all real estate developers are sure that Causeway Bay will become the next Tsim Sha Tsui, so the rules of the Li family are meaningless and it is naturally difficult for Li Wendi to make profits easily.

However, it is difficult to prove that there is a lot of profit in it, so he must face the challenge, and some achievements can also make him famous.

In fact, he had his eyes on the land where the Li family built the Grand Hyatt in the previous life. That was one of the central areas of Causeway Bay, and every inch of land would be worth a lot of money in the future, otherwise the Li family would not have built such a large commercial building there.

(End of this chapter)