Started from Hong Kong Island

Chapter 149 150 [Chinese Estates]

Monday, September 10
The weather in Hong Kong was affected by the cold air from Siberia. It was drizzling and there was a slight chill in the wind.

Li Wendi, wearing a suit jacket, entered the trading hall of HSBC under the escort of bodyguards. Although the weather was bad, it could not stop the investors' desire to make money. The hall was very noisy, and the investors all had an attitude and look of "I can make money and don't need to listen to anyone's analysis."

The Hong Kong stock market has undoubtedly entered its final frenzy. Investors have lost their minds and have invested all their savings of many years into the stock market. Some even put their hands together in front of the stock price blackboard as if praying to God, chanting "spells" devoutly.

At this time, most stock prices were rising slowly. Of course, there were also falling prices, such as Hengyao Real Estate Company's stock, which had fallen to 3.4 yuan after several days of decline.

"Mr. Li, what are your plans for today?" Wu Xiong finally got rid of the shadow of failure some time ago and regained his previous confident state.

Li Wendi did not answer directly, but asked, "How is the share price of Hopewell Holdings?"

"It has risen to 10.2 yuan. Your profit is 82 yuan, and the rate of return is as high as 400%." ​​Wu Xiong's face was full of smiles. He also contributed a lot to this.

Li Wendi remembered that in his previous life, the share price of Hopewell Holdings would rise to a high of 30 yuan, and the rate of return would certainly be more than 400%. However, in 73, a fake stock incident occurred, and the share price fell to a few cents, setting a record high in the decline, and it was unable to recover for several years.

Although he forgot the exact time when the fake stock incident occurred, there are still two months left until 73, and the increase during this period can also bring a good profit.

So Li Wendi asked about the share prices and growth trends of companies such as Dachang Properties, Sun Hung Kai Properties, Hang Lung Properties, Great Eagle Properties, and Tang Kee Properties. Although he is not short of funds for the time being, he also needs to have a clear idea of ​​the situation.

"The embezzlement of public funds at Hengyao Real Estate Company has had a significant impact on the stock price. Now it has dropped to 3.4 yuan. Mr. Wu, do you think this is the bottom?" Li Wendi asked. Listening to other people's opinions can reduce mistakes. He doesn't want to buy at a high price and cause losses.

Unexpectedly, Wu Xiong shook his head and said in a somewhat embarrassed tone, "It's hard to judge. Chen Fenben is a veteran in the business world. Maybe he can find a way to suppress these rumors. It's not impossible for Hengyao Real Estate's share price to stop falling."

The initiative is in the hands of others, and the other party is a business tycoon with complicated connections and background. It is obviously not impossible to turn the situation around at some cost. After all, the laws in Hong Kong today are not sound and it is still an era of rule by man.

"In that case, help me buy some Hengyao Real Estate stocks." Li Wendi nodded, so there was no need to worry about the losses.

"Okay, how many shares does Mr. Li need?" Wu Xiong knew that Hengyao Real Estate would most likely rise in price, but he didn't know whether it could return to its original level.

Li Wendi thought for a moment and said, "Within 100 million shares, the price should not exceed 3.7 yuan."

If he holds too many shares, it will be easy for Chen Fenben to discover them, and Chen Fenben may even put him in the position of the "culprit", causing him to spend a lot of effort to investigate, or he may receive some warnings, and then the gain will outweigh the loss.

"Cheung Kong Holdings is about to go public. Mr. Wu, how many shares have you obtained for me?" Li Wendi continued to ask.

"20 shares, the public selling price is 3 yuan, and the capital consumed is 60 yuan." Wu Xiong answered seriously.

"Can you take some more?" Li Wendi asked with a stern face.

Wu Xiong's face turned awkward. "I'm afraid there are only 20 shares left. Mr. Li, you should know that as a leader among Chinese companies, Cheung Kong Holdings was snapped up by shareholders as soon as the subscription shares were publicly offered. I used a lot of connections to get 20 shares."

Li Wendi nodded. He naturally understood the difficulty, but he still wanted Wu Xiong to work harder. If he could get one more share, he could earn more money. After all, no one would complain about having too much money.

In the afternoon, Changxin Real Estate Company welcomed a rare guest.

Li Wendi had only heard of Chinese Estates Holdings Limited but had never dealt with it. Of course, if he went to their house without permission, the Feng and Li families of the Chinese Estates Holdings Limited might not pay any attention to a small figure like Li Wendi.

Chinese Estates Holdings Limited was founded in 1922 by Fung Ping Shan and Lee Koon Chun. The Lee family controls financial institutions such as Bank of East Asia and Wai Kee. Family members are spread across the political and business circles of Hong Kong and are the aristocrats of Hong Kong. The Fung family is not much worse than the Lee family, otherwise they would not have jointly controlled Chinese Estates Holdings Limited.

Although Chinese Estates Holdings has not yet been listed, it has been established for a long time and owns a Grade A commercial building in Central. Therefore, it has a high reputation among Hong Kong citizens and everyone knows the strength of Chinese Estates Holdings.

This is also one of the reasons why Liu Luanxiong was able to rise so rapidly in his previous life. At this time, Li Wendi is naturally not as good as any of the Chinese Estates companies, but he is not going to be a bootlicker.

This also reminded Li Wendi of a listed company under the Chinese Estates Holdings in his previous life - China Entertainment Properties Limited, which owned a small commercial building in the heart of Central and was a very high-quality real estate company.

Changxin Real Estate may be able to use this company to complete a new round of asset value and market value expansion and move into the ranks of medium-sized real estate companies.

"Hello, Mr. Li! I've long heard of you!" Li Wendi stood up first and greeted Li Fushu.

Li Fook-shu was born in 1914. He is the son of Hong Kong tycoon Li Koon-chun. He studied in the UK and now serves as an executive director of Chinese Estates Holdings Limited. He is one of the powerful figures in Chinese Estates Holdings.

Since Li Fushu is more than a generation older than Li Wendi, he just smiled and nodded in response to Li Wendi's greeting, and the handshake was just a touch.

"Mr. Li, we both have the surname Li. Maybe we have the same ancestor hundreds of years ago. You don't mind me calling you that, right?" Li Fushu smiled as if bathed in the spring breeze.

"Haha! That's a good name! Mr. Li, just be casual." Li Wendi certainly didn't mind. After all, Li Fushu was nearly 60 years old at this time, and he treated him well.

"Then I'll get straight to the point. I know that Mr. Li's company owns a lot of land in Causeway Bay. Chinese Estates Holdings just bought a Hengyan Building and wants to demolish it to build a more modern commercial building. However, the area is not big enough. The land next to it was bought by you in advance, so I came to discuss it with you." Li Fushu explained the matter. "Can we resell the land? Of course, Chinese Estates Holdings will buy it at a high price."

Li Wendi searched for information about the piece of land in his mind. There was indeed a Hengren Building next to it, and the area of ​​the land was only 1.2 square feet. He had originally planned to wait until the economic crisis to acquire the land next to it and build a commercial building with an area of ​​no less than 2.5 square feet. However, the Chinese Estates Company took the lead.

"Mr. Li, to be honest, I also have such a plan." Li Wendi said with a smile.

Li Fushu was slightly stunned and said, "Excuse me, Changxin Real Estate Company does not have the strength to develop a building. Forcing the plan will only slow down the development speed of Changxin Real Estate. It is better to sell it to Chinese Estates and make a profit."

"Mr. Li is telling the truth, but I never do things according to the usual rules. According to my plan, I will use loans to hire a construction company to carry out the development. As long as we speed up the construction, we should be able to complete the construction and sales process within 9 months." Li Wendi certainly would not be scared by Li Fushu.

"Mr. Li, what do you think of 600 million?" Li Fushu felt that Li Wendi was just taking the opportunity to ask for a high price and was not really unwilling to sell.

Li Wendi smiled and said, "Mr. Li should know that I spent 460 million to buy this piece of land. According to the existing area, I can build a 12-story small commercial building. At the current unit price, I can make 400 million."

"I have a better plan. Would you like to listen to it, Mr. Li?"

Li Fushu nodded and said, "Okay, Mr. Li, please go ahead."

"Why don't we jointly build a building according to the proportion of our investment. This will be in the interests of both parties." Li Wendi said with a smile.

Hearing this, Li Fushu frowned. Li Wendi's strength was not as good as that of Chinese Estates Holdings. Naturally, Chinese Estates Holdings would suffer a loss in the cooperation between the two parties.

However, if the negotiations fail, the Hengyan Building acquired by Chinese Estates Holdings will not reach the planned area, and the profit will naturally be reduced significantly.

Li Wendi had a bad reputation. Li Fushu had heard a lot about Li Wendi's outstanding deeds and he was obviously a difficult person.

"Mr. Li thinks the price is too low. I can raise it to 650 million. As for jointly building a commercial building, that is difficult to do," said Li Fushu.

"700 million, plus one condition." Li Wendi raised a finger and said with a laugh.

"What conditions?" Li Fushu naturally had no shortage of the 50 yuan, but he was worried that Li Wendi would come up with conditions that were unacceptable.

(End of this chapter)