Started from Hong Kong Island

Chapter 235 [Saixihu Land Xiangjiangzi Land]

HSBC
Li Wendi hurriedly found Wu Xiong, naturally to discuss the appreciation of the investment mark.

"Mr. Li, the principal is 1 million yuan, and the leverage is 20 times. It is difficult for the bank to provide so much funds. Can the leverage ratio be reduced or the principal be lowered?" Wu Xiong said with some embarrassment. That is 20 billion yuan of funds.

Li Wendi lowered his head and thought for a moment, "How much funding can you provide at most?"

"At most 5 million yuan!" Wu Xiong continued to explain, "The current economic situation is not good. If it were 72, maybe a leverage of 20 billion yuan would not be a big problem."

Wu Xiong had never come into contact with such a large amount of funds, so he was naturally not sure whether he could really lend it out. If not, wouldn't he offend Li Wendi?

"5 million is fine, with a principal of 5 million and a leverage of ten times." Li Wendi said as a compromise.

Wu Xiong was still a little hesitant and said that he would go and ask the vice president himself, as he personally did not have the authority to loan hundreds of millions of dollars. Li Wendi waved his hand and told him to deal with these matters quickly.

An hour later, Wu Xiong came back with the documents.

"Mr. Wu, please help me buy all of this 5 million yuan into West German Mark currency, and try to complete it within this week." Li Wendi put the cap on the pen and gave the order very seriously. He was a little worried that the Mark would suddenly appreciate, so he announced the appreciation before buying all of it.

"Mr. Li, please rest assured! I will try my best to finish it this week." Wu Xiong's current workload is not large. With the Hang Seng Index falling to that level, the trading volume of the stock market is very low. He has basically been in a daze. Now that he has this big business, he will naturally devote himself to it wholeheartedly.

Excluding the 5000 million yuan principal, Li Wendi still has more than 7000 million yuan in his account, which is still very sufficient.

Back to Changxin Real Estate Company Office

Zhang Wentao knocked on the door and came in with a happy look on his face, "Boss, there's good news! Swire Properties has sent out a message that it is interested in selling a piece of land of 86.4 square feet in the Swire Dockyard Saisihu. The price is also very low, only 7000 million."

Hearing this, Li Wendi looked up in surprise, and information about the Saixihu Residential Building from his previous life emerged in his mind. In his previous life, this piece of land seemed to have been acquired by Li Jiacheng's Cheung Kong Holdings for 8500 million yuan, with a final profit of 1.3 million yuan, which of course did not include commercial properties such as shops.

This is a piece of fat meat!

Wenyan Decoration Engineering Company, a subsidiary of Changxin Real Estate, has assisted many companies in building small and medium-sized residential buildings, and has discovered a lot of construction talents. After working with New World Development Company on the Baguio Bay project for some time, Li Wendi believes that the company already has the ability to build large residential buildings. If it really doesn't work, it can also ask some large outside construction companies to do it.

"There should be quite a few competing companies, right? You should collect information about those companies first, especially Cheung Kong Holdings." Li Wendi instructed in a deep voice.

Zhang Wentao was a little confused. Why did his boss pay so much attention to Cheung Kong Holdings?

“Yes! Then I will go to Swire Properties to register first, and then investigate the companies participating in the bidding.” Zhang Wentao said.

Li Wendi nodded and waved to indicate that Zhang Wentao could leave.

He remembered that this project was jointly undertaken by Cheung Kong Holdings and the Imperial Bank of Canada. Of course, the bank only wanted dividends and would not participate in the construction and sales of the residential area, which would not hinder the real estate company's desire for control.

Changxin Real Estate Company is short of funds and certainly cannot come up with 8500 million yuan, so Li Wendi also had the idea of ​​getting banks to cooperate. This would be beneficial to the early stage of the project, and he could also build some relationships with the bank to facilitate future business loans.

Therefore, Li Wendi began to consider how to board the speedboat of the Imperial Bank of Canada to rapidly enhance the strength of Changxin Real Estate Company.

The Hong Kong real estate market is still in a downturn. There are many high-quality properties out there, but many real estate developers believe that this is not the bottom of the real estate market and they want to wait a little longer because the market price is still falling and they are worried about paying too high a price.

Li Wendi certainly wants to take action at this time, but he still wants to bottom out the stock market at the end of the year, and he does not intend to use leverage to do so, so he needs to leave a large amount of funds to facilitate bottom fishing in the stock market.

7 million in cash may seem like a lot, but it is only enough to buy two or three commercial buildings. Li Wendi is not very interested in industrial buildings because the current growth of industrial buildings is very limited. Instead, commercial buildings in Central, Wan Chai, Causeway Bay and Kowloon are more cost-effective. However, Li Wendi's thoughts will soon change because he has sufficient funds.

Under the impetus of HSBC, the largest shareholder, Hutchison Group finally fired Qi Dezun, the boss, and promoted Wells, who was known as the "company doctor", to the position of boss of Hutchison Group.

Wells is an experienced professional broker who specializes in helping large companies manage their affairs. HSBC's Stephen Simpson also believes that Wells has the ability to resolve the unfavorable situation of Hutchison Group.

Therefore, at the board meeting of Hutchison Group, Stephen Sham strongly supported Willis and gave him great power, including the power to appoint and dismiss management staff below the vice president. He also made Willis promise in front of many directors that he would improve the group's operating conditions and turn losses into profits within two years.

Wells was a very confident person. He even promised publicly that the company could make a profit of more than 75 million in 5000 years, otherwise he would resign. This naturally won applause from the directors.

After learning about the group's situation, Willis quickly called to make an appointment with Li Wendi.

The Peninsula Tsim Sha Tsui
It was the first time that Li Wendi met Willis, a famous professional agent in the company in the 70s of his previous life. This man had a high hairline, but it was not Mediterranean, and his skin was a little dark, not as fair as other white people.

"Mr. Wells, it's our first meeting. Please take care of me!" Li Wendi greeted with a smile.

"Mr. Li, you're too polite!" Willis was a little serious, but he was not lacking in superficiality. "Mr. Li is much more famous in Hong Kong than I am. In the Chinese circle, they all think that Mr. Li is the leader of the new generation of businessmen."

"Mr. Wells, the Chinese have a phrase called 'killing by flattery'. These people must want me to become arrogant so that they can get rid of me as their rival." Li Wendi said bluntly, "Just tell me what you want to say, Mr. Wells."

Li Wendi was too lazy to chat too much with people he was not familiar with, even though this Wells might be of great use in the future.

"I have dealt with many Chinese people, and they all speak in a roundabout way. I didn't expect Mr. Li to be so direct. I like this style." Willis finally smiled. "Mr. Li spent 3100 million to acquire 18% of China Gas Company's shares from Hutchison Group. Now, on behalf of Hutchison Group, I am willing to buy it back at a price of 3300 million."

Li Wendi smiled and said, "Mr. Willis, the shares of China Gas Company are no longer for sale. I also plan to get generous dividends from China Gas Company."

"Mr. Li, the previous boss, Mr. Qi Dezun, was a confused guy. In order to avoid being kicked out of Hutchison Group, he did something that was damaging to the group. I hope to make up for this mistake. Moreover, with the help of HSBC, Hutchison Group will definitely have no problem getting back on its feet. Do you really want to have a grudge with such a behemoth, Mr. Li?" Willis spoke viciously.

"Mr. Wills, I'm just a small figure. Naturally, I don't want to have any grudges with the Hutchison Group. However, I never like to spit out what I have eaten, and the shares of China Gas Company are already my personal property. Isn't your behavior a bit barbaric?" Li Wendi would certainly not be intimidated by the little Wills.

"Mr. Li, as long as you are willing to take out the stocks of China Gas Company, I am willing to compensate you in other ways. For example, we can cooperate in the development of the land in Xiangjiangzai." Seeing that he could not scare Li Wendi, Willis took out some capital.

"No matter what the conditions are, I will not sell the shares of China Gas Company." Li Wendi continued, "I know that Mr. Willis has just taken over the Hutchison Group and is in urgent need of some results. Speaking of the land in Xiangjiangzai, I do have a better way of cooperation. I wonder if Mr. Willis is willing to listen to it?"

Wells lowered his head in thought and did not say whether he wanted to listen or not.

Li Wendi smiled and explained, "Hutchison Group lacks funds and is naturally unable to develop the Xiangjiangzai land. Changxin Real Estate Company is willing to pay all the construction costs. Hutchison Group only needs to provide the Xiangjiangzai land. As for the profits, we can split it 50-50."

"No, 60-40, Hutchison Group will take 60% of the profits."

Li Wendi shook his head and said, "Sir, you are too greedy. The construction cost of the Xiangjiangzai land is not small. Taking out so much money at once will affect the development plan of Changxin Real Estate Company. If I can't get 5% of the profit from it, I'm afraid it will be difficult to convince the board of directors."

After the two people's debate, the final profit was tentatively agreed upon with Hutchison Group 55% and Cheung Kong Properties 45%.

Li Wendi certainly got the upper hand, and this is also in line with the current interests of the Hutchison Group, so this cooperation plan can be described as a win-win situation.

(End of this chapter)