Started from Hong Kong Island

Chapter 211 [Cinema Kowloon Bus]

After signing the contract, He Qijun rushed to HSBC to apply for a mortgage loan. Originally, the bank's lending business was tightening and it would not lend 200 million yuan to Qinian Newspaper. However, with a high-quality customer like Li Wendi as a guarantor, HSBC's lending department still accepted it. After all, Li Wendi was a medium-sized customer of HSBC, and the loan was only 200 million.

Late September

The news came: Li Xiaonan was admitted to the economics major at Hong Kong University. The whole Li family cheered and Guo Cuiting even shed tears, but they were tears of relief.

Of course Li Wendi was also very happy. This was the first college student in the Li family, and the student also went to the best university in Hong Kong. If Li Wendi told others about it, he would feel very proud.

Of course, nowadays many wealthy children choose to study abroad, and there are many academic masters among them, such as the second generation of the Lee family of Hysan Development Company. However, most of the wealthy children have good academic performance. After all, their families can hire high-level tutors for them.

A newly emerging wealthy family like the Li family is naturally not as good as those people. Fortunately, Li Xiaonan has good academic performance and was admitted to this institution after more than ten years of hard work.

"Xiao Nan, what do you want? Just tell me, I'll do my best to satisfy you." Li Wendi made a promise with a happy face. If you do well in the exam, of course you should give appropriate rewards, otherwise what's the point of making so much money.

"I want to go to Hong Kong University for a stroll and have a good rest." Li Xiaonan didn't seem to have thought about what he wanted, but just said what he was thinking at the moment.

So the three members of the Li family went to Hong Kong University together to have a good look around. This also reminded Li Wendi of his university life in his previous life, but everything could not go back.

That day, Li Wendi and his group actually met Li Xiaonan's admirer. Judging from the way his family was dressed, they seemed to be from a wealthy family and were very polite to others. In fact, the boy did not say that he liked Li Xiaonan, but one could tell who Li Wendi was from the boy's eyes.

Of course his parents also noticed it, but they didn't pay too much attention to it. After all, the love between boys and girls is very short-lived, and maybe they will fall in love with someone else after entering university.

On the way back, Guo Cuiting reminded Li Xiaonan to concentrate on her studies after entering university and that it would be better to wait until after graduation before talking about love.

Li Xiaonan nodded nonchalantly and said directly that she hoped to help Li Wendi with what she had learned in college. This made Li Wendi very happy, as Li Xiaonan still regarded him as her brother in her heart.

As for the family just now, Li Wendi put it out of his mind in an instant. This was Li Xiaonan's business, and he believed that Li Xiaonan would handle it.

At ten o'clock the next morning, Li Wendi had just walked into the office of Changxin Real Estate Company when Zhang Wentao rushed into the office, seemingly with something urgent to tell him.

"Small and medium-sized stocks have plummeted since the market opened. The Hang Seng Index has fallen below 800 points. The share price of Changxin Real Estate has fallen to 2.9 yuan. If it continues like this, it won't be long before it falls to 1.5 yuan." Zhang Wentao is very worried. The plummeting market value will inevitably have a further impact on the company's share price.

Li Wendi pondered for a moment and said, "Sell some of Changxin Real Estate's high-quality properties to China Entertainment Real Estate Company in exchange for their cash, but don't delay China Entertainment Real Estate's operations in recent years."

Zhang Wentao glanced at Li Wendi and asked, "Then what price should we sell it at? The current real estate market is very depressed, and Changxin Real Estate acquired it at the peak of the real estate market. If we sell it now, I'm afraid there will be a lot of losses."

"I know!" Li Wendi glanced at Zhang Wentao with some dissatisfaction. "The funds obtained can be used to purchase Zhongyu Real Estate's stocks at a low price. As long as the shareholding reaches more than 65%, Changxin Real Estate will not suffer any loss." The higher the shareholding, the more dividends will be paid, and Changxin Real Estate can control Zhongyu Real Estate Company at will, which is only slightly different from a wholly-owned subsidiary.

"Let's go by the current market price. You should discuss the specific situation with Ti Chuan. As for how much money you want to exchange, Ti Chuan will have the final say," Li Wendi added.

"Yes!" Zhang Wentao thought for a moment and continued to ask, "Is that batch of funds only used to purchase Zhongyu Real Estate's shares?"

"After a while, the share price of China Entertainment Real Estate will be even lower. Even if we make a large number of acquisitions, it won't cost us much money." Li Wendi said, "The remaining funds should be used to acquire properties and land."

"Recently, the prices of properties such as theaters and cinemas have plummeted. Perhaps we can acquire them or even form a cinema chain, which will ensure the company's revenue." Zhang Wentao's eyes widened slightly as he said what he thought was a good direction.

In the 70s, cinema chains adopted a "guaranteed system", whereby no matter how good or bad the box office revenue of a film company was, the cinema chain would have the same revenue, which was of great benefit to the cinema chain, while the film companies were somewhat burdened.

Because the box office in this era has not exceeded 500 million, and there are only a few movies with a box office of million, the profit-sharing system is very unfriendly to theaters.

Li Wendi did not answer Zhang Wentao immediately, but recalled the history of film companies and theaters in his previous life.

Due to the ban by Shaw Brothers Film Company, Golden Harvest Entertainment has purchased several theaters. Although the scale is not large, it can achieve an initial closed-loop effect and does not require much help from peers.

Zou Wenhuai and Ho Kuanchang are both ambitious talents. They are now acquiring some theaters with good geographical locations to expand their business scale. Although it is still only one-tenth of the theater chain of Shaw Brothers Film Company, they have managed to break out of the encirclement.

"Golden Harvest Entertainment is discussing cooperation with Red Sound Cinemas and seems to be planning to acquire Red Sound Cinemas." Zhang Wentao said some unconvincing news, but he was actually telling Li Wendi that theater properties had great prospects.

Finally, Li Wendi nodded and said, "Okay, then we will initially decide on the acquisition of Zhongyu Real Estate shares and theater properties. When acquiring theaters, we should pay attention to the location, preferably in the city."

A few days later, Zhang Wentao handed in an investigation report on the distribution of cinema chains, the current situation, and the competition among major cinema chains.

This reminded Li Wendi of the Lei Juekun family, which was developing into a cinema chain at the time. This family owned about 25% of the shares of the listed Kowloon Motor Bus, and also a real estate company called Kowloon Development. Its strength should not be underestimated.

Compared with cinema properties, Li Wendi prefers the Kowloon Motor Bus Company, which is a franchise company responsible for public transportation business in Kowloon and the New Territories and owns many parking lots in Kowloon and the New Territories.

Although the real estate development in Hong Kong Island has not yet reached full potential, it will sooner or later develop to the Kowloon and New Territories areas. If we wait until it is truly developed, we will have to pay a huge price to acquire the Kowloon Motor Bus Company.

Of course, Li Wendi does not have the strength to acquire Kowloon Motor Bus Company at the moment, but that does not mean he cannot lay an ambush in advance.

(End of this chapter)