Started from Hong Kong Island

Chapter 167 [This is a question of standing in line]

Tuesday, March 12

The temperature dropped by 3 or 4 degrees compared to yesterday. There was a hint of moisture in the cold wind, causing the citizens walking on the street to tighten their clothes and pass quickly, as if they could not withstand such a magical attack for a moment.

Li Wendi, who arrived at HSBC early, did not feel much of the cold. After all, there was a car to pick him up and hot tea or coffee was served in the trading hall.

The purpose of coming here today is to clear out the stocks of Changhua Real Estate Company and Hengyao Real Estate Company, complete the recovery of funds, and repay some debts, such as the more than 1700 million yuan owed for the stocks of Zhongyu Real Estate taken over from Hengyao Real Estate Company.

"How is the stock acquisition of Zhongyu Real Estate Company going?" Li Wendi asked. After careful consideration, he decided to increase the shareholding of Zhongyu Real Estate Company to more than 50% in order to achieve the goal of fully controlling Zhongyu Real Estate.

In the previous life, the Chinese Estates Holdings Group also had absolute control over China Entertainment Holdings, otherwise the Chinese Estates War in the previous life would not have been a buy one get one free deal. Naturally, such a thing would not happen in this life because Li Wendi appeared in this time and space.

"There are not many scattered stocks in the stock market now, but there is a strange phenomenon. It seems that some big investors are selling their stocks. The amount of selling is very small, but it has always existed." Wu Xiong said thoughtfully.

In Li Wendi's original world, this situation was very common in the stock market. It was obvious that someone held a large number of stocks but did not want to cause the stock price to fall, so they sold them off bit by bit for fear of alarming the market.

China Entertainment Properties Company currently has only two major shareholders, one is Li Wendi and the other is Cai Ziming. It is obvious who is selling the goods. What surprised Li Wendi was that Cai Ziming was so decisive that he just gave up his years of hard work.

As expected of a tycoon who has been active in Hong Kong's business world for many years, his determination makes Li Wendi ashamed.

Li Wendi tried to put himself in Cai Ziming's shoes and thought that he would still fight back, continue holding shares and wait for the opportunity to turn things around. Although the chances of success were very low, he was still unwilling to give in and refused to admit defeat.

“Continue the acquisition and get another 4% to reach 51% of the shareholding.” Li Wendi gave the order in a serious tone. He would soon own three small commercial buildings in Central. The asset value of the two companies was firmly over 1 million, and the debt ratio was also relatively low.

"Yes!" Wu Xiong nodded. Li Wendi's intention was very clear. He wanted to completely control China Entertainment Real Estate.

"How are the share prices of Changhua Real Estate Company and Hengyao Real Estate Company rising?" asked Li Wendi.

Wu Xiong said with a prepared speech, "The stock price of Changhua Real Estate Company has been rising slowly, and the stock price of Hengyao Real Estate Company has also slowed down."

“Sell all your holdings of these two stocks, pay a little attention, and try not to affect the stock prices of these two companies.”

"Don't worry, Mr. Li, I know what to do." Wu Xiongcheng responded.

Li Wendi also asked about the other stocks held and naturally heard a good answer.

As Cai Ziming sold his stocks to cash in, Li Wendi quickly acquired enough stocks. Then, as the largest shareholder, he requested to convene a board meeting of China Entertainment Real Estate Company to elect a new chairman of the board.

This is stipulated in the Hong Kong Company Law. Cai Ziming had no way to stop it and could only convene a board meeting as requested by Li Wendi.

Li Wendi brought Zhang Wentao and Wang Tichuan to attend the board meeting. Of course, he also wanted to nominate these two people as directors so that they could help him handle the company's daily affairs in the future to prevent him from being deeply involved in these management affairs.

When Cai Ziming saw Li Wendi and his group, he naturally did not have a good face, because they were all robbers who wanted to steal other people's property.

Li Wendi also ignored Cai Ziming. It would be difficult for a person who did not know the current situation to survive in the turbulent Hong Kong business world. Even without Li Wendi, China Entertainment Properties would have been acquired by Chinese Estates Holdings and become its vassal.

"Now that everyone is here, let's start our meeting." Cai Ziming paused and said, "The first agenda is about the re-election of the chairman of the board of directors. There are two candidates, one is me and the other is Mr. Li Wendi. Let's start voting."

Cai Ziming had good intentions. He knew that Li Wendi had not communicated with other directors, and he automatically skipped the speech and canvassing for votes, as if he didn't want other directors to support Li Wendi. However, this was just a little prank. Li Wendi held more than 50% of the shares of China Entertainment Real Estate Company, and the position of chairman of the board of directors had already been determined. No matter what tricks Cai Ziming used, the result today would not change.

Li Wendi glanced at Zhang Wentao, who immediately understood what he meant. He took out a large document from his briefcase and distributed it to each director, explaining, "This is the equity certificate. These documents show that Mr. Li Wendi holds 51% of the shares of China Entertainment Properties Co., Ltd. and has 51% of the voting rights."

"According to Hong Kong's corporate law, Mr. Li Wendi can directly serve as the chairman of the board of directors of China Entertainment Properties Limited. Of course, the procedures must be followed. Everyone, please vote."

The vote at this time was completely a waste of time, but since the future chairman's lackeys had spoken, the directors could only do Li Wendi a small favor and hope that they would not be liquidated afterwards.

As a result, Li Wendi smoothly became the chairman of the board of directors of China Entertainment Real Estate Company. As for the chair that Cai Ziming was sitting on now, he was very graceful and did not try to grab it by force.

"You are all veterans of the company, and you should have heard of my reputation. What I can promise is to lead you to make a lot of money." Li Wendi knew that those present were all elites, and he did not intend to use those meaningless official language to disgust them.

"I now propose that Mr. Wang Tichuan serve as the executive director and deputy general manager of China Entertainment Real Estate Company, Zhang Wentao as the director, and I will naturally serve as the general manager. What do you think?"

Cai Ziming wanted to object, but when he thought that Li Wendi already had the decision-making power, he did not want to humiliate himself and could only be a spectator on the side.

As expected, except Cai Ziming, all other directors expressed their approval.

Li Wendi was silent for a moment. He gave up his original proposal to "sell the company's inferior properties" because he had not yet completely established his foothold. Although he could force the directors to agree, it would not last long. Moreover, after March next year, the real estate market would enter a downturn due to the impact of the stock market crash, so there would be some time to turn around.

"The stock market is hot nowadays. I plan to raise some funds to invest in the stock market. The profits I can earn will not be worse than those from real estate projects." Li Wendi said with a faint smile.

Cai Ziming immediately retorted, "Mr. Li, everyone knows that investment has risks. What if you lose money? Will Mr. Li bear the consequences alone?"

"Tsk!" Li Wendi laughed contemptuously, "Then Mr. Cai, do you have a better investment project? Can you guarantee that this project will have a huge profit?"

These words undoubtedly hit Cai Ziming's face like a slap, and his face became swollen all of a sudden.

Without waiting for Cai Ziming to explain, Li Wendi added, "I understand Mr. Cai's feelings, but this concerns the interests of the shareholders. I hope Mr. Cai will not get involved in too many personal grudges, otherwise it will be bad for Mr. Cai's reputation if it gets out."

"Okay, I've put forward the suggestion. Let's vote on it." Li Wendi laughed.

The vote seems simple, but it actually concerns a question of stance. Li Wendi will naturally find ways to expel those who dare to support Cai Ziming from the board of directors.

How can I tolerate 'others sleeping soundly' on my territory?

What Li Wendi could not have imagined was that there were people who were "not afraid of death", but the resolution was still passed. Even if it had not been passed, Li Wendi would have used his privileges to pass it. After all, this was the first board meeting he presided over and no mistakes were allowed.

An office

The general manager's office had not been cleaned up yet and still belonged to Cai Ziming, so Li Wendi could only find a temporary office.

"Boss, you're really the best! You've got the whole situation in control. None of the directors dared to move, except for Cai Ziming." Zhang Wentao flattered him. Although Wang Ti was rumored to be transferred to the position of executive director and deputy general manager of China Entertainment Properties, it could not be ruled out that Li Wendi would continue to recruit other people. To please the boss now might play an unexpected role in the future.

(End of this chapter)