Started from Hong Kong Island

Chapter 134 135 [Problems Encountered as Soon as It Was Launched]

Monday, September 10
Just one day later, Hong Kong Land launched an advertisement for the revaluation of its assets, claiming that this was the result of a re-estimate of the asset value by professional surveyors, thus dispelling the "untrue" claim made by Dairy Farm that it was exchanging two shares for one.

At the same time, the Hong Kong Land Development also accused the Dairy Farm Company of "exaggerating" and ridiculed the company.

This kind of international joke could only happen in an era when the law was not sound.

As for this kind of "water boiling", Li Wendi thinks it is still possible to deceive the lower-level stock investors, but it is obviously difficult to deceive the middle class and the rich class.

The two sides exchanged sharp words and fought fiercely, and it was difficult to tell who was the winner. In fact, the real winner was the newspaper owner, who made a fortune.

However, such years are hard to come by. Subsequent takeover wars will not be so absurd. They will all be serious transactions - cash transactions, and whoever spends more money will win, such as the Wharf Warehouse battle in 78.

Although Hong Kong Land failed to overwhelm Dairy Farm's arrogance in advertising, the actual effect made Hong Kong Land's chairman Keswick very happy, because many shareholders had come to the "Central Registry" on Pedder Street to exchange shares. In order to facilitate the exchange of shares by Dairy Farm shareholders, Hong Kong Land even set up a special place in Star House on Salisbury Road, Kowloon.

Li Wendi would naturally not exchange shares, as this was a huge scam, and he believed in cash above all else. It was not a good strategy to hold on to the shares of the Jardine Matheson Group and wait for an increase in value.

HSBC Trading Room

Li Wendi looked at the share price of Sanqianchi Real Estate Company on the blackboard, which was 3.7 yuan, and the corners of his mouth could not help but rise slightly. He had to say that the Liu family was quite capable. They could actually keep the share price at this price, and they had already sold a large number of shares.

"Mr. Li, all the stocks of the Three Thousand Chi Real Estate Company that you held have been sold. After deducting loans, transfers and other amounts, there is a remaining balance of 2919.3 million yuan." Wu Xiong suppressed his shock and reported as calmly as possible.

Li Wendi used one year to increase his initial capital of 3 yuan by a thousand times. Wu Xiong had been with Li Wendi all the way, so he was naturally well aware of Li Wendi's unpredictable methods, great courage, and extraordinary sense of smell.

"Mr. Li, how do you plan to use this money? Or will you continue to buy stocks of other companies?" Wu Xiong asked respectfully.

"First transfer 600 million to my personal account, and I will think about the investment direction for the remaining 2300 million." Li Wendi was suddenly confused. The amount of money was too large, and investing it all in the stock market would require finding multiple targets.

"Okay." Wu Xiong didn't have any good suggestions.

Thursday, May 10

In addition to the advertisements of Hong Kong Land Development, major newspapers also published a full-page advertisement of Chinachem Property Development Co., Ltd., which read "Do you know who is developing real estate with the Milk Company?"

In response to this answer, the Dairy Farm Board of Directors announced that it would hold a press conference at the Liyuan Restaurant at 2 p.m. that day to announce major development plans.

When the news reached the stock market, the share price of the Dairy Farm Company soared again, and the share price of the Jardine Matheson Holdings Group also followed suit, making the stock market even hotter.

At the reception in the afternoon, a spokesman for Dairy Farm announced that it had reached a cooperation agreement with Hong Kong's "authoritative real estate group" Chinachem Property Company to jointly establish a new company, Dairy Farm Properties Limited. 25% of the new company's shares will be distributed to Dairy Farm shareholders and the company will be listed on the Hong Kong and Kowloon Stock Exchanges soon.

Chinachem Property Company will inject RMB 1.24 million in exchange for 24.9% of the shares of Dairy Farm Property Company, and Dairy Farm Property Company will exchange land for 75.1% of the shares of the new company.

The establishment of Dairy Farm Company had a certain inhibitory effect on the share exchange strategy of Hong Kong Land Development.

However, Henry Keswick, chairman of Hong Kong Land, said: "We are convinced that the transaction of the Dairy Farm Board will not succeed. As the major shareholder of Dairy Farm, Hong Kong Land will also block the transaction."

At the same time, there was a rumor among stockholders that Chinachem Property only built low-end buildings in the New Territories countryside and had no experience in building high-end properties.

Suddenly, the prospects of Dairy Land Company were not optimistic to the outside world.

Li Wendi felt something was not good when he saw this. The Dairy Company was already at a disadvantage, and the chances of the Land Company winning increased.

So the next day, Friday, October 10, he went to the trading floor to take charge.

"How is the current stock price of Dairy Milk?" Li Wendi was a little nervous, worried that he might have made a mistake in this project. "It is at 89 yuan," Wu Xiong replied seriously.

"Okay, let's sell the milk company's stocks." Li Wendi ordered in a deep voice.

"Understood!" Wu Xiong immediately turned around to handle it. As an employee in the financial industry, he certainly sensed a bad omen.

Fortunately, Dairy Farm shares remained popular, with the acquisition and share swap by Swire Properties accounting for the majority of the reason. Wendi Li successfully sold off the 22.2 shares of Dairy Farm shares he held.

When the market closed for lunch, Wu Xiong came back and said, "Mr. Li, you have sold all the shares of the milk company you held, and you have raised 1856.6 million yuan, with a profit of 546.35 million yuan and a rate of return of 38%."

"Mr. Li, do you think that the Hong Kong Land Development will successfully acquire the Dairy Company?" Wu Xiong asked.

"It is already very obvious that Zhou Xinian is doomed to fail. Originally, introducing capital would have been the best means of resistance. However, in order not to lose control of the Dairy Real Estate Company, Zhou Xinian chose the desperate strategy of Chinachem Real Estate." Li Wendi's tone was full of regret.

As a large public company, it is somewhat shocking that it could not last more than a month in the hands of Hutchison Whampoa.

If the company Zhou Xinian introduced was a Chinese-owned company like Sun Hung Kai Properties or Hang Lung, perhaps its fate would have been rewritten. Although these companies were not as strong as Chinachem Property, their bosses were more strategic and courageous than Wang Dehui (the boss of Chinachem Property), and were more willing to spend money.

However, Zhou Xinian was very afraid of losing the dairy company, so he didn't have much choice.

Wu Xiong nodded. "The two shares of Hutchison Whampoa are more valuable than the shares of Dairy Farm, and the share price of Hutchison Whampoa still has room to rise. Why is Mr. Li unwilling to exchange shares?"

Li Wendi sneered and said, "Even Mr. Wu thinks so. No wonder the Land Company was able to acquire the Milk Company without spending a penny."

"The Hong Kong Land Company borrowed the shareholders' money to acquire the Dairy Farm Company, and then used the shareholders' hands to drive up the share price. It seemed to be a good thing for everyone, but in fact, the shareholders did not get a penny, and the Hong Kong Land Company got a company for nothing."

"Mr. Li means that the only winner of this acquisition battle is the Hong Kong Land? This win-win situation is just a trick?" Wu Xiong spit out a lot, feeling a little uneasy.

"Of course. Otherwise, do you think that Hong Kong Land will make money for everyone? Where does the money come from? Isn't it the money of other shareholders?"

The money that Li Wendi earned also came from retail investors, but he earned it in a fair and honest way, unlike the Jardine Matheson Group, which made money from other people and then asked the parties involved to express their gratitude.

"Mr. Li, please wait a moment. I'm going to do something and will be back soon." Wu Xiong left in a hurry.

Li Wendi did not stop him. Instead, she smiled and shook her head. Wu Xiong must have gone to sell the milk company's stocks.

Monday, September 10
The Hong Kong property company once again threw out a sweet bait by announcing a bonus share issue. The bonus share issue is not the one-for-two-shares popular in the stock market, but five-for-one-shares.

In fact, the shares of Hutchison Whampoa held by shareholders have been diluted, and have only increased five times in nominal terms, but shareholders are still ecstatic.

Unfortunately, no one exposed the scam of the Jardine Matheson Group in public. As for the Dairy Company, Zhou Xinian had already played such a trick. Even if Zhou Xinian explained it, investors would not believe it.

However, Li Wendi ignored such things because this day was the day when Dengji Real Estate Company was listed.

"Mr. Li, there is a problem with the share price of Dengji Real Estate Company. A large number of scattered shares suddenly appeared in the market, and many investors are panicking. The share price will probably not be able to rise for the time being." Wu Xiong brought bad news.

"Can the source of the account that released the scattered shares be traced back?" Li Wendi asked with a frown.

"We only know that it belongs to that securities company, but we cannot find out the owner of the account." Wu Xiong shook his head.

"Forget it, it's just 100 million yuan in funds. We shouldn't be the ones who are really anxious." Li Wendi said with a wry smile, and the scene of Deng Jiaren going crazy appeared in his mind.

(End of this chapter)