Started from Hong Kong Island

Chapter 186 [Jiancheng Real Estate]

After nearly a month of fermentation, by early April, poorly performing real estate companies began to show various problems, such as bank debt collection, difficulty in capital turnover, and falling property values.

Zhang Wentao's investigation also began to go smoothly, and he found several real estate companies with good asset value and strength.

"Boss, these are the real estate companies that are more suitable for our company to acquire recently." Zhang Wentao handed over the information. Although Changxin Real Estate Company no longer had much money left, he believed that the boss would be able to find a way.

"Jiancheng Real Estate Company?!" Li Wendi murmured. The name seemed familiar, but he couldn't remember what kind of story it had in his previous life, so he could only flip through the pages.

Jiancheng Real Estate Company is a small real estate company, but it has experience in constructing commercial and residential buildings. However, due to the rapid development of the business in the past two years, the boss has borrowed more from the bank than he can repay, so it is now in danger of bankruptcy.

In fact, according to the original history, this Jiancheng Real Estate Company would be jointly acquired by Dachang Real Estate Company and Swire Properties. Swire Properties naturally wanted to use the power of Dachang Real Estate and Jiancheng Real Estate Company to develop the Taikoo Dockyard. Swire Properties itself did not have any ability to develop land. The steady style of Chen Detai, the boss of Dachang Real Estate Company, was very suitable for Swire Properties' purpose.

Swire knew the huge value of the development of the Swire Dockyard. Even if it could not develop the dockyard alone for the time being, it did not want outsiders to take away too many profits. Therefore, Dachang Real Estate Company coincided with Swire in terms of strength, style and business philosophy.

"Capital Real Estate?!" Li Wendi was quite familiar with the name, but he still couldn't remember the story that had not happened.

Judging from the information, Capital Real Estate Company is a company that specializes in property buying and selling. It does not seem to have any experience in land development. However, Capital Real Estate Company owns a Lijing Building on Queen's Road Central in Central, half of the interests in Liancheng Building, and some shops and industrial buildings. It is a relatively pure property rental company.

Although the prices of industrial buildings have begun to fall, and the decline is not small, the asset value of Metropolitan Real Estate Company is not low as it owns one and a half commercial buildings in Central. If it wants to acquire them, it will inevitably have to pay a high price, which is inevitably a burden for Changxin Real Estate Company.

There are also Zongheng Real Estate Co., Ltd. and Junxing Real Estate Co., Ltd.
However, Li Wendi only has his eyes on the first two companies. The others have good assets, but it is difficult to acquire them and not cost-effective.

Zhang Wentao saw Li Wendi close the information, so he expressed his opinion, "Boss, I think Jiancheng Real Estate Company is more in line with our company's requirements and current situation. It doesn't cost a lot, and it can improve our ability to build buildings."

"Ducheng Real Estate Company is not bad, but the price we need to pay is very high, and the company can hardly afford it for the time being. If we join forces with Zhongyu Real Estate Company, we can give it a try."

Li Wendi nodded slightly. What Zhang Wentao said made sense. However, in terms of attractiveness, Capital Real Estate Company was more attractive than Jiancheng Real Estate Company. As for the ability to construct buildings, it could be gradually enhanced. Commercial buildings in Central were hard to come by.

So Li Wendi pondered for a long time before she said, "Then let's go with Jiancheng Real Estate Company. We should also keep an eye on Ducheng Real Estate. If there is an opportunity, we can pay a higher price."

Good things are always touching, and Li Wendi really doesn't want to give up.

"Okay!" Zhang Wentao found detailed information about Jiancheng Real Estate Company from a pile of documents. "Jiancheng Real Estate Company has a piece of land in North Point, Quarry Bay, and Kowloon Bay. The properties are located in Central, Tsim Sha Tsui, Causeway Bay, and North Point, a total of 13. The bank loan is about 1600 million. Now that the property prices have dropped, the rents have also dropped. The bank has begun to collect the debt. According to the forecast, the board of directors of Jiancheng Real Estate Company will not last more than two weeks."

"If we take over, how much capital do we need to inject to ensure that Jiancheng Real Estate Company can resume normal operations?" Li Wendi asked solemnly. 1600 million is not a large sum of money, but it cannot be repaid in full. After all, the future interests of Changxin Real Estate Company must be taken into consideration.

"1000 million will be enough." Zhang Wentao analyzed, "According to the current situation in the city, as long as the 1000 million debt is repaid, the 600 million loan can be repaid after a period of time. Moreover, with the involvement of Changxin Real Estate, the bank will give some face to it."

"Okay, let's first invite the boss of Jiancheng Real Estate Company out for a chat." Li Wendi made the decision.

"Yes, I'll do it now." Zhang Wentao remembered something and said, "Should we also invite the people from Capital Real Estate Company to discuss it? Maybe they will make some concessions."

"Then go make the appointment."

"Yes!" Zhang Wentao finally left the office, but the information was left behind.

Li Wendi looked through the information again and still felt that Ducheng Real Estate Company and Jiancheng Real Estate Company were more desirable.

Of course, acquiring these two companies at this time seems to be a disadvantage. It is better to wait until the lowest period before making a move, so as to obtain the greatest benefits for Changxin Real Estate Company.

However, Li Wendi was worried that someone might get there first, and the high-quality companies would be acquired, leaving only some companies with poor qualifications. At that time, they could only win by quantity, but the amount of work would increase exponentially, and they might even run into some pitfalls. So Li Wendi would rather spend more money at this time than make things complicated.

Jiancheng Real Estate Company Meeting Room

The boss was a bald, middle-aged man with a sallow complexion, looking as if he was malnourished.

After both sides praised each other, they got down to business.

"Mr. Li, the current market conditions are not good, but the assets of Jiancheng Real Estate Company are not bad. The price offered by your company is a bit low." Boss Yang Quan said with a straight face, but his eyes flashed with cunning.

Li Wendi chuckled and said, "Mr. Yang, the asset value of Jiancheng Real Estate is indeed not bad, but once I take over, I still have to repay the bank loan. 1600 million is not a small number. If I pay Mr. Yang a high price, I might as well go directly to the market to buy the property."

"Mr. Li, Jiancheng Real Estate bought all the properties at low prices. We can make a profit by selling them now, and repaying the bank loan will not be a difficult task." Yang Quan still pretended to be confused, thinking that he could get away with it and make a huge profit from this young man, Li Wendi.

"Then why is Mr. Yang in a hurry to sell Jiancheng Real Estate? Does Mr. Yang think the money is too much?" Li Wendi laughed, his tone slightly sarcastic but not strong.

"." Yang Quan was speechless for a while. It seemed that Li Wendi was not easy to fool. "To be honest, I am not willing to sell Jiancheng Real Estate. This is my hard work. However, the future of the real estate market is uncertain now. I just hope to have a good old age."

"I understand Mr. Yang's feelings, but I also hope that Mr. Yang can understand me. What's the point of spending a lot of money to buy a shelf?" Li Wendi said with a smile, "I am a very pragmatic person. If Mr. Yang doesn't believe me, you can ask others. I believe that there are always people in the business world who know my work style."

Yang Quan thought for a moment and said, "Business is business, fame is fame. Mr. Li, you don't want to use fame as a business, do you?"

"Of course not." Li Wendi saw that Yang Quan was not willing to budge, so he took a small step back and said, "570 million to buy the 46% stake held by Mr. Yang. This is my last offer."

"650 million! It's already a good price." Yang Quan shook his head. In fact, he was very happy in his heart, because if Li Wendi could take a step back, he could also take a second step back.

Li Wendi looked up at Yang Quan, made up his mind and said, "Let's pick a round number, 600 million."

Yang Quan still shook his head, "630 million!"

Li Wendi immediately sneered and said, "In that case, Mr. Yang, you should choose another buyer. I have something else to do, so I'll take my leave now."

If we can't reach an agreement, we naturally don't want to continue wasting time.

It’s not that Li Wendi is short of the 30 yuan, but that she doesn’t want to be a sucker. In fact, 570 million yuan is already a premium. Unfortunately, Yang Quan is still unaware of this and thinks that Li Wendi will be the one being fleeced.

As a result, Li Wendi directly announced that he didn’t want to talk about it anymore and told him to find another sheep.

Yang Quan was a little dumbfounded. He didn't expect Li Wendi to be so careless in doing things. Why did he suddenly stop talking?

Seeing that Li Wendi was really about to leave, Yang Quan hurriedly spoke to keep him, "Mr. Li, please wait a moment! 600 million is 600 million."

Li Wendi was too lazy to argue with Yang Quan anymore and agreed, "Okay, let's go to the law firm now. I'm always quick and decisive in doing things."

He was afraid that people like Yang Quan would be indecisive. If someone else snatched the opportunity away from him, Li Wendi would feel very embarrassed.

"OK!" Yang Quan didn't want to continue worrying about Jiancheng Real Estate Company.

(End of this chapter)