Started from Hong Kong Island

Chapter 159 160 [I object]

A magnificently decorated restaurant

Sitting next to Chen Fenben was a handsome middle-aged man with a faint smile on his face, but his eyes were full of indifference.

This man is Cai Ziming, the chairman of the board of directors of China Entertainment Properties Co., Ltd., a strong businessman in his prime.

"Mr. Cai, congratulations! According to the asset value of China Entertainment Real Estate, it is very likely that the market value will reach hundreds of millions once it goes public. By then, Mr. Cai will be ranked among the wealthy circles in Hong Kong." Chen Fenben said with a smile and complimented. In his eyes, Cai Ziming and he are businessmen of the same class.

Cai Ziming didn't dare to be arrogant in front of Chen Fenben, so he replied, "According to my net worth, it's hard to rank among the top in Hong Kong, but Mr. Chen's jewelry company is not to be underestimated in Hong Kong. Now that Hengyao Real Estate Company has been listed, Mr. Chen's net worth is even more unmatched by me."

The two continued to flatter each other for a few minutes, and Cai Ziming finally broke the deadlock and said to Chen Fenben with a smile, "I wonder what Mr. Chen wants to see you about today? Why not just tell me directly."

"Mr. Cai, have you heard of Li Wendi?" Chen Fenben retracted his smile and became serious.

"Li Wendi? Li Wendi from Changxin Real Estate Company?" Seeing Chen Fenben nod, Cai Ziming continued, "Of course I've heard of him. He's a rising star in the real estate industry. But his reputation is not very good. It seems that he has some grievances with you, Mr. Chen."

"Then I'll just say it directly. Li Wendi has bought a lot of shares of China Entertainment Real Estate Company." Chen Fenben looked at Cai Ziming and said, the meaning was self-evident, it was just short of saying 'Li Wendi is going to take action against your company'.

Cai Ziming paused, then turned around and said nonchalantly, "What does Mr. Chen want to say? Li Wendi wants to take over my Zhongyu Real Estate? I don't think he has the ability to do so for now. He most likely wants to invest. This also proves the potential of Zhongyu Real Estate."

Cai Ziming is a business elite, so he naturally saw that Chen Fenben had evil intentions and wanted to win him over to deal with Li Wendi. However, he had no grudge against Li Wendi, so there was no need for him to cause trouble.

Cai Ziming knew that it was very possible that Li Wendi would take over Zhongyu Real Estate Company as Chen Fenben said, but could it be that Chen Fenben had no other intentions? After all, the two met by chance and today was their first meeting.

At the same time, Cai Ziming was also very confident that he could defeat Li Wendi's conspiracy, so there was no need to let the wolf in.

"As far as I know, Li Wendi has acquired about 17% of the shares of China Entertainment Real Estate Company." Chen Fenben completely ignored Cai Ziming's words, as if he was talking to himself.

Cai Ziming put down his utensils, stared at Chen Fenben, and asked sharply, "How many shares of Zhongyu Real Estate Company does Mr. Chen hold?"

Chen Fenben's expression became more solemn, but he did not hide the fact that "I have 23% of Zhongyu Real Estate's shares, and I can sell some to Mr. Cai at any time, so that Mr. Cai's shareholding can fully control Zhongyu Real Estate."

Chen Fenben showed goodwill, hoping to make a good impression on Cai Ziming and achieve the effect of confronting and sanctioning Li Wendi.

Cai Ziming snorted coldly, "Mr. Chen's shareholding is 6% more than Li Wendi's. I can't quite understand your intentions, Mr. Chen."

"Mr. Cai, my intention is very simple. I don't want to allow Li Wendi to easily expand the company, so I would rather pay a price." Chen Fenben said calmly, "To show my sincerity, I can immediately transfer 1% of the shares to Mr. Cai at a price of 5 yuan per share."

Cai Ziming hesitated for a moment, then smiled and said, "Mr. Chen, please don't mind! The business world is like a battlefield, and I have to be cautious. There's no need to transfer the shares, I trust you."

"You and I already hold more than 50% of the shares, which is enough to firmly control the board of directors. Even if Li Wendi has amazing talents, he won't be able to achieve his goal."

People are evil, and offending Chen Fenben is not what Cai Ziming wants to see.

"Mr. Cai, just believe me. If Li Wendi hadn't gone too far, I wouldn't have lost my manners and chased after a junior to beat him up. As long as Li Wendi pays the price he deserves, I will stop." Chen Fenben said somewhat unconscionably.

Cai Ziming nodded. "Li Wendi holds 17% of the shares, so it is inevitable that he will be on the board of directors. However, we can work together to make him a figurehead on the board of directors, which can be regarded as a lesson for Li Wendi."

"Thank you very much, Mr. Cai, for your help." Chen Fenben breathed a sigh of relief. He was really worried that Li Wendi would win over Cai Ziming, and then he would be the one who was disgusted.

After discussing the business, the two began to compliment each other on their careers. There was constant laughter at the table, as if they were friends who had known each other for many years.

On Wednesday, November 11, China Entertainment Properties Co., Ltd. was listed on the stock market. However, less than 15% of its shares were in circulation on the stock market. In addition, the actual asset value of China Entertainment Properties Co., Ltd. was not low, and it had some shareholder fans. Therefore, in the first hour of listing, the stock price rose from 2 yuan to 1 yuan, an increase of 1.4%. The market value directly soared by 40 million yuan.

When investors saw the share price of China Entertainment Properties Co., Ltd. rise so fast, they felt as if they had witnessed a golden toad jumping on the street, and they rushed forward to grab the stock. As a result, China Entertainment Properties Co., Ltd. rose at an alarming rate.

At the same time, China Entertainment Properties held its first board meeting after its listing, and Li Wendi naturally attended.

Before the meeting started, many directors congratulated Chairman Cai Ziming and congratulated China Entertainment Real Estate on its successful first day of listing.

Li Wendi sat obediently beside him without any expression, even though he was the third largest shareholder of China Entertainment Real Estate Company.

Cai Ziming stared at Li Wendi and said with a polite smile, "This should be Mr. Li Wendi. Welcome to become a director of China Entertainment Real Estate Company!"

Cai Ziming's welcome was only verbal, and he didn't even offer a chance to shake hands. Li Wendi immediately felt the "malice" shown by Cai Ziming, but Li Wendi was not a novice in the business world, so naturally, he had a smile on his face.

He walked to Cai Ziming's side and held out his hand, "Mr. Cai, nice to meet you. Please take care of me!"

Cai Ziming certainly wouldn't be so rude. He just sat down and shook hands with Li Wendi, saying with a smile, "Everyone knows Mr. Li's reputation in the real estate industry. It's Mr. Li who is taking care of me."

"Mr. Cai, you're too polite. I'm just a rookie in the business world. Mr. Cai needs to give me more support." Li Wendi said with a laugh.

The other directors were all shrewd people and they smelled something strange when they saw this. It was obvious that their Chairman Cai was very dissatisfied with Li Wendi.

"Everyone, I'm sorry, Chen is late." As Chen Fenben just walked into the door, his hearty voice broke the unusual atmosphere.

Li Wendi did not respond and turned around and went back to his seat. Everyone knew the grudge between him and Chen Fenben, so there was no need to maintain superficial politeness now.

Watching the greetings between Cai Ziming and Chen Fenben, Li Wendi knew that the two must have reached some unknown deal, otherwise they would not be so enthusiastic.

"Okay, now that everyone is here, let's get started." Cai Ziming glanced at Chen Fenben and Li Wendi, and introduced them with a smile, "We have two new members on the board of directors, Mr. Chen Fenben and Mr. Li Wendi. Everyone, applaud and welcome them!"

Bang bang! !
The conference room was filled with the directors' applause, and all eyes were on the two of them, but they seemed to be more interested in Li Wendi.

Then it was the turn of the two to speak. Chen Fenben's speech was quite conventional, while Li Wendi's speech was more concerned with interests.

"The company went public today and the stock market is doing very well. It has risen by 20% in the first hour, which is a good start." Cai Ziming gave a basic explanation of some of the situations.

"How does Mr. Cai plan to use the 3100 million yuan raised from issuing new shares?" Li Wendi asked the question immediately.

Cai Ziming was a little unhappy about this normal question, but he still answered Li Wendi according to the rules, "How to use this money requires the approval of the directors, and it is not something I can decide alone. However, the real estate industry is very hot now. I suggest that some of this money be kept to maintain the company's operations, and the rest be used to buy real estate land. What do you think?"

"I agree with Mr. Cai's proposal. I don't think it is necessary to submit the specific plan to the board of directors. Mr. Cai can make all the decisions. This way, we can seize the opportunity and save time." Chen Fenben and Cai Ziming looked at each other.

"I object!" Li Wendi said with a straight face, "As Mr. Chen said, this can indeed save time, but it also seems to undermine our board of directors. If any major problems arise, shouldn't Chairman Tsai be held fully responsible?"

Li Wendi's words were a bit aggressive, but of course he didn't need to please Cai Ziming because Cai Ziming and Chen Fenben had already formed an alliance.

As soon as he finished speaking, the conference room fell into silence, and the directors all looked at Cai Ziming, as if waiting for his response.

"Mr. Li's question is very good, and I am willing to take all the responsibility. Is Mr. Li satisfied with this answer?" Cai Ziming said with a sneer.

(End of this chapter)