Started from Hong Kong Island

Chapter 160 161 [Shooting with both hands]

Li Wendi knew that the key to whether the proposal could be passed lay in Cai Ziming and Chen Fenben. After all, the two of them controlled more than 50% of the voting rights of China Entertainment Properties, which was a complete crushing victory against Li Wendi's 17%.

Li Wendi did this just to disgust Cai Ziming.

As for the other directors, they certainly would not offend Cai Ziming and Chen Fenben. They were still thinking about making more money from Cai Ziming.

The meeting lasted for an hour, and it was already lunch time when we left China Entertainment Real Estate Company.

Monday, September 11
Changhua Real Estate Company was listed on the Kowloon Stock Exchange, and Li Wendi arrived at the HSBC trading hall before the market opened.

In the small conference room, the desk was filled with telephones. Wu Xiong looked very serious. Although he had experienced this several times, he was still nervous. After all, he was not completely familiar with Li Wendi's playing style.

"Mr. Li, we now own 15.3% of Changhua Real Estate Company's shares, and Bao Ligui holds approximately 24%." Wu Xiong made a brief report.

"Where is the capital? How much do we have?" Li Wendi felt that the shareholding was still a little too little, but there was no other way. He could only go ahead with it.

"Around 1100 million. If there is a battle for it, I can immediately borrow 1000 million from the bank," Wu Xiong replied.

"Okay, when the market opens, raise the stock price to 1.5 yuan within the first hour, and to 2 yuan in the second hour." Li Wendi ordered in a deep voice. The Bao father and son must want to secretly acquire enough stocks, announce the acquisition, raise the stock price, and then take the opportunity to sell part of them.

This was also his previous tactic, so he would fight in the opposite direction, making the Bao father and son lose a large amount of money first, and then lower the stock price when the funds were exhausted.

"Okay, I'll immediately arrange for the salesmen to start buying up the goods using multiple accounts," said Wu Xiong.

"No, try to use one account to give retail investors the illusion that someone wants to take over Changhua Real Estate Company." Li Wendi shook his head and said that it would be difficult to achieve the desired effect in a short period of time with multiple accounts.

In fact, the Bao father and son no longer have any chance to control Changhua Real Estate Company, because Li Wendi owns 15.3% of the shares and Zhu Changhua owns 37.8%. However, if the Bao father and son want to lose money, they need to be given hope and some incentives.

The period just before success is the easiest time for people to go crazy and lose their minds.

"Understood!" Wu Xiong immediately made a phone call and issued orders to the salesperson.

As Li Wendi expected, Bao Ligui thought that someone wanted to acquire Changhua Real Estate Company just like him. At this time, he was unwilling to give up the large number of stocks in his hands, nor was he willing to change his target and admit defeat to his opponent. Moreover, he had a lot of funds borrowed and needed to pay a high interest.

Before the midday break, the share price of Changhua Real Estate Company had risen to 2.4 yuan, an increase of 140%, which made all shareholders' eyes light up. They were reluctant to sell and waited for further increases.

Li Wendi has already acquired approximately 7% of Changhua Real Estate's shares and currently holds a total of 22.2%, making him the third largest shareholder of Changhua Real Estate.

"Mr. Li, should we lower the stock price this afternoon?" Wu Xiong asked softly. This was the previous operating method.

Li Wendi shook his head. "No, we will continue to raise the stock price this afternoon. Also, go find out how much money Bao Ligui has left? How many shares does he hold?"

Li Wendi wanted Bao Ligui to use up all the funds he had raised. He knew that part of the funds was borrowed by Bao Ligui. This would make it easier to achieve his goal and make the Bao family go bankrupt.

"Okay, I'll investigate right away." Wu Xiong left the meeting room immediately without asking the reason, because the news had to be learned before the market opened in the afternoon, otherwise it would not be of much significance.

Judging from the stocks that the Bao family purchased from the stock market, Bao Ligui still has a lot of funds. If he withdraws at this time, Bao Ligui will lose a lot of money, but he is not at the end of his rope yet.

This is quite different from Li Wendi's plan, so Bao Ligui still needs to be given the last hope.

At about 12:40 p.m., Wu Xiong came to report the information he had found. "Mr. Li, according to preliminary investigations, Bao Ligui still has 600-700 million yuan in funds and holds nearly 27% of the shares."

"That means retail investors don't have many stocks left." Li Wendi suddenly worried that Bao Ligui might retreat.

Li Wendi thought for more than ten minutes. When the market was about to open, Wu Xiong reminded him, "Mr. Li, the market will open in 3 minutes." Li Wendi curled his lips, sighed, and said, "Mr. Wu, if you were Bao Ligui, would you continue to buy in this situation?"

Hearing this, Wu Xiong was slightly stunned, then shook his head and said, "No, there are so many acquisition opportunities. There is no need to fight to the death on this one. If I fail, I will go bankrupt."

Li Wendi nodded, and when he heard the ding-dong sound of the market opening, he immediately gave Wu Xiong an order, saying, "Start selling the stocks we hold slowly, and don't alarm Bao Ligui."

"Understood! I'll notify them right away." Wu Xiong responded with a serious expression.

It was not until the stock market closed at 4 o'clock that Li Wendi finally let go of his worries. Bao Ligui still hadn't discovered the trick, and his funds must have been used up.

"Mr. Li, you sold 420 million shares of Changhua Real Estate at an average price of 2.3 yuan, and recovered 909 million yuan. You still hold 468 million shares, accounting for 11.7% of the shares." Wu Xiong reported, "Bao Ligui's funds have all been used up, and he holds about 37.5% of the shares."

"Okay!" Li Wendi nodded slightly. This result was acceptable, although not the best.

After leaving HSBC, Li Wendi returned to the office of Changxin Real Estate Company and immediately summoned Zhang Yan.

"Go and check the source of Bao Ligui's funds." Li Wendi ordered Zhang Yan.

"Source of funds?" Zhang Yan was a little confused. He didn't know about the sniper attack on Bao Ligui.

So, Li Wendi told Zhang Yan the whole story.

"Bao Ligui is such a loser. How did you end up with such a scumbag relative?" Zhang Yan said indignantly. "Okay, I'll check it out right away and I'll give you news before 12 o'clock."

If Bao Ligui got the loan from other financial companies, Li Wendi was confident that he could ask those people to collect the debt and the Bao family would have no peace. If it was a mortgage loan from a bank, Li Wendi would not have much to do, after all, he did not have much influence on the bank.

If it is the latter situation, Li Wendi can only start from the stock market and push the stock price down desperately. Bao Ligui is likely to be afraid and will rush to sell the stock, resulting in losses.

Cluck! !
There was a knock on the door and Zhang Wentao walked in directly.

"Boss, that building was bought by Hengyao Real Estate Company for 4700 million. According to the current market price, it is at least 3% premium. These premiums will not be realized until around March next year." Zhang Wentao said as he looked at the report.

"Hmph! The old fox finally showed its tail." Li Wendi sneered. He didn't believe that Hengyao Real Estate Company had so much funds. The debt ratio was probably very high.

Zhang Wentao was a little confused, but he didn't dare to ask, and his expression became strange.

Li Wendi saw what Zhang Wentao was thinking. He was in a good mood, so he smiled and said, "Although I don't know the exact debt ratio of Hengyao Real Estate Company, it should be quite high. If the outside world knew this news, do you think the shareholders would sell the shares of Hengyao Real Estate Company?"

Zhang Wentao's eyes widened slightly, and he said impatiently, "Even if investors don't sell their stocks, people will inevitably panic, and the stock price will definitely fall at that time."

"Wentao, how many projects do you have that can attract Hengyao Real Estate Company?" Li Wendi still wanted to continue to increase the debt ratio of Hengyao Real Estate.

Zhang Wentao lowered his head and thought for a moment, then answered, "About three. Does the boss want me to hurry up and lure them into bidding?"

"Yes, you have to make Hengyao Real Estate spend a lot of money within a short period of time." Li Wendi said with anticipation.

"Understood. I'll arrange it right away." Zhang Wentao is decisive and efficient in his actions.

Li Wendi thought about it and felt that it was time for him to find Chen Xingzhou, because he wanted to get the financial statements of Hengyao Real Estate Company so that he could clearly know the funds and liabilities of Hengyao Real Estate.

(End of this chapter)