Started from Hong Kong Island

Chapter 183 [Reduce holdings to recover funds]

Monday, December 73, 2
This is the second week of work after the Spring Festival, and the employees' enthusiasm for work is gone.

In the first week, Li Wendi personally distributed red envelopes to them. Since the employee group was relatively large, Li Wendi reduced the amount of red envelopes to 100 yuan each. The employees were still very happy, after all, it was several days' salary.

Li Wendi worried for the entire Spring Festival holiday, fearing that the "butterfly effect" would occur and greatly reduce the profits from his stock market investments, so on this day he finally couldn't help it.

HSBC Trading Floor
During the Spring Festival holiday, Central and Tsim Sha Tsui are not as lively as here. It can be said that it is crowded with people. They are all looking at the stock price changes on the blackboard with crazy faces.

"Mr. Wu, help me clear all the stocks under my name, including the stocks I just bought from listed companies." Li Wendi instructed Wu Xiong. Even the original history was only about half a month.

Wu Xiong was mentally prepared for these situations. After all, Li Wendi had said something similar before the New Year. "Okay, is there a time limit? Do we have to clear it out before March?"

Li Wendi shook his head. "As soon as possible! The stock market is doing very well right now. Sell everything within this week."

He was really afraid of the 'butterfly effect'. As he himself said, 'greed leads to poverty' (greed can easily lead to loss of everything). Once the stock market losses are too large, he will have to watch a great opportunity slip away in the next two years.

"What are the current share prices of Changxin Real Estate Company and China Entertainment Real Estate Company?" Li Wendi continued to ask when he saw Wu Xiong nod.

"They are 4.6 yuan and 3.9 yuan respectively. Mr. Li, do you want to sell the stocks of these two companies?" Wu Xiong asked in surprise. Li Wendi is so bold that he even wants to cash out the stocks of his companies. Will the stock market really crash?

"Well, Mr. Wu, please sell the stocks of other companies under my name first, and then help me reduce my holdings in these two companies." Li Wendi said with a very solemn expression. What he had to do now was to try his best to recover the funds.

"Understood! I'll arrange it now." Seeing that Li Wendi had no other instructions, Wu Xiong hurried away to do his work.

Li Wendi's share reduction made Wu Xiong determined to sell most of his personal shares and only keep those stocks of large companies. After all, large companies have better value preservation.

Back to the China Entertainment Properties Office

Li Wendi immediately summoned Wang Tichuan, "How is the sales of the properties under your control?"

"The bad properties and catering businesses have found buyers, and the contracts have been signed. All that's left is the final payment." Wang Tichuan reported. Although he didn't quite understand his boss's thoughts, it didn't affect his execution of the orders.

"Get the balance back as soon as possible, and complete it within this week." Li Wendi glanced at Wang Tichuan and explained briefly, "I'm afraid something unexpected will happen if time passes. But there's no need to panic. If we can't get the balance back, we can take back the transferred property and land."

Wang Tichuan nodded and continued to ask, "China Entertainment Properties has some stocks left by the former chairman Cai Ziming. Do we need to sell them all?"

The number of these stocks is relatively large, and they were all obtained by Cai Ziming through connections. The funds consumed were much lower than the public selling price on the market, and they are a group of assets with considerable profits.

"Sell it as soon as possible, and it must be completed within this month." Li Wendi was still a little worried. "Put the stock sale first, and the final payment for the property can be made later."

Once the stock value drops, it drops, and it will take a relatively long time for it to go back up. Even if you cannot collect the balance of the property, you still have the physical property, and there is a deposit that can be used up.

"I understand. Recently, high-quality properties are in short supply. Can we consider releasing a batch of high-quality properties?" Wang Tichuan suggested. Taking the opportunity to recover more cash flow is the boss's core plan, and of course he must implement and suggest it seriously.

Although Wang Tichuan had no intention of competing with Zhang Wentao, he was unwilling to be inferior to Zhang Wentao. He had received news that China Entertainment Real Estate Company would become a subsidiary of Changxin Real Estate Company. Li Wendi thought about it and felt that Wang Tichuan's suggestion was good. Once the real estate market plummeted, there would be a lot of good properties at a low price, but the core properties could not be thrown away.

"Okay, you come up with a plan in the next two days. If there are no problems, it can be sold this week." Li Wendi certainly knew that these things had to be done quickly.

Although the local market can last for a short period of time, it is only a few weeks, and there may be a lot of properties but no buyers.

"I will work on the plan right away and try to give it to you before the end of get off work tomorrow." Wang Tichuan promised.

Thursday, May 2

Wu Xiong acted quickly and sold all of Li Wendi's stocks within three days.

"Mr. Li, this is the situation of your stock sales. A total of 2193.77 million yuan was recovered, and the rate of return is at least over 60%." Wu Xiong handed over the report and briefly described the content.

"Thank you for your hard work, Mr. Wu!" Li Wendi handed over a check, "I will have to trouble you again to help me reduce my holdings in the company."

"Mr. Li, you're too polite! This is my job." Wu Xiong said polite words, but his body movements were very honest. He looked carefully at the numbers on the check, and only smiled happily when he saw the five zeros at the end.

This is another 20 yuan, which is almost more than what he earned in the stock market. He couldn't help but sigh at Li Wendi's generosity. However, when he thought about Li Wendi earning million yuan, it seemed insignificant.

"Mr. Wu, according to my calculations, I still hold about 10% of the shares of China Entertainment Real Estate Company (the remaining 41% is held by Changxin Real Estate Company). Please help me sell them all." Li Wendi ordered. Under the current circumstances, 41% of the shares are enough to control China Entertainment Real Estate Company.

"The current share price of China Entertainment Real Estate Company is 4.2 yuan, which has increased by 0.3 yuan from the previous few days. It can probably recover 2000 million yuan in funds." Wu Xiong said after careful calculation.

"The sale of Changxin Real Estate Company's shares will have to wait until the new shares are issued and the stock price stabilizes." Li Wendi added with a sigh, the company's interests are still more important than personal interests.

"I understand! Then I will deal with the stocks of Zhongyu Real Estate Company first, and wait for your news on the stocks of Changxin Real Estate Company." Wu Xiong nodded. He naturally understood Li Wendi's thoughts.

Thursday, May 2

After a week of selling, 10% of Zhongyu Real Estate's shares were finally sold out. This did not affect the rise in Zhongyu Real Estate's stock price, and there were very few scattered shares on the stock market, proving that Zhongyu Real Estate's shares were very popular.

"Congratulations, Mr. Li. All 500 million shares of China Entertainment Real Estate Company have been sold, and we have raised 2107 million yuan," Wu Xiong reported with a smile.

"The new shares of Changxin Real Estate Company were issued last week. What is the current stock price trend?" asked Li Wendi.

"It doesn't have much impact. Although the stock price dropped by 4 yuan on the day of issuance, it has now risen to 4.7 yuan, which is not much different from the previous stock price. I think it's time to reduce holdings." Wu Xiong said.

"Okay, I now hold about 53% of the shares of Changxin Real Estate Company, and I also plan to reduce my holdings by about 10%." Li Wendi said thoughtfully.

"Yes, I'll arrange it right away and try to finish it within a week." Wu Xiong promised.

(End of this chapter)