Started from Hong Kong Island

Chapter 249 [Benefits Outweigh Bad Reputation]

Li Wendi returned to Capital Real Estate Company and immediately summoned Gao Yi, instructing him to terminate the negotiations with Hu Zengqiang and to acquire more shares from other shareholders as soon as possible.

Of course, Li Wendi also told Gao Yi the content of the negotiations with Li Jiacheng, so that Gao Yi could better control the matter.

"Boss, I have a question, but I don't know whether I should ask it or not?" Gao Yi asked with an evasive look.

Li Wendi laughed and said, "If there is anything you shouldn't ask, just ask it."

"The value of the Global Building is far higher than that of the Wan Chai Commercial Building. Even if we can get it at cost price, and we originally owned half of the building, aren't we suffering too much of a loss? Or do you have other plans, boss?" Gao Yi is very clear about his boss's style. He is a man who never suffers losses. Even if he suffers losses now, he will get them back in the future.

"You will know later. Anyway, we won't suffer any loss." Li Wendi said mysteriously.

"Boss, can we change our plan?" Gao Yi saw Li Wendi's confusion and explained, "There aren't many properties in Taiwei Real Estate Company that are worth looking at, and the Global Building accounts for the majority. So after we take over Taiwei Real Estate, we can transfer some high-quality properties and then exit Taiwei Real Estate."

It is impossible for Hu Zengqiang to be willing to transfer all of Taiwei Real Estate's high-quality properties. If so, Taiwei Real Estate will be left with only a fragile shell. It will take one or two years to restore the current asset value, even if there is funds in the account.

Li Wendi is naturally the most unique person, who has grasped the world's opportunities.

Gao Yi’s suggestion is good and in line with business rules, but it is somewhat unethical.

"Okay! You can carry out the specific tasks." Li Wendi was not worried about anything, he just felt that Gao Yi needed these opportunities. Otherwise, if he had to do everything, he would be exhausted in the future.

"Yes!" Gao Yi then left the office.

After the Spring Festival in February, Gao Yi acquired 2% of Taiwei Real Estate's shares as expected. Ducheng Real Estate successfully held 13% of Taiwei Real Estate's shares, becoming the largest shareholder of Taiwei Real Estate. Cheung Kong Holdings ranked third in terms of shareholding, accounting for 34%.

The shareholdings of both parties have exceeded 60%, which is enough to have the final say in Taiwei Real Estate Company and bring Hu Zengqiang down.

The board of directors of Taiwei Real Estate Company was jointly convened by Ducheng Real Estate Company and Cheung Kong Holdings Company. Hu Zengqiang, the original major shareholder, was forced to attend. Hu Zengqiang was very clear that he was tricked by Li Wendi and Li Jiacheng. Although he will not be kicked out of the board of directors, his position as chairman of the board will definitely be lost, and not many of the company's assets and properties will remain. After all, the enemy is targeting these high-quality properties.

Hu Zengqiang was very angry, but helpless. The other party was a powerful company, and he would have difficulty dealing with any company, let alone the fact that the other party had joined forces.

So after the board meeting, it was decided that the Global Building under its umbrella would be sold to Cheung Kong Holdings at a 1% premium, while other high-quality properties would be sold to Metropolitan Properties.

Li Wendi felt that the evil had already been done, so he might as well do it thoroughly. He planned to return the funds to his own pocket in the form of dividends. However, before the dividends were distributed, he needed to buy back the shares held by Cheung Kong Holdings.

Li Jiacheng naturally saw through Li Wendi's idea, so he repeatedly delayed the share repurchase. Li Wendi was not in a hurry. Anyway, Hu Zengqiang did not agree to dividends, so they could temporarily unite.

By March, Li Jiacheng finally couldn't bear it anymore and sold his shares in Taiwei Real Estate Company to Li Wendi. However, the price was a bit high, and Li Wendi took the loss without hesitation.

So Ducheng Real Estate Company suddenly became the controlling shareholder of Taiwei Real Estate Company, with veto power and decision-making power. Li Wendi then decided to use the funds in Taiwei Real Estate Company's account as dividends. Although Hu Zengqiang strongly opposed it, his opposition had no effect.

In this way, Ducheng Real Estate Company not only obtained some high-quality properties, but also made a lot of money from them, which made Hu Zengqiang so angry that he was admitted to the hospital.

Inside the office of Metropolitan Real Estate Company
Li Wendi asked Gao Yi to go to the hospital to visit Hu Zengqiang and talk about the sale of Taiwei Real Estate Company's shares to Hu Zengqiang.

Today, the asset value of Taiwei Real Estate Company has plummeted, and it is a piece of chicken ribs in the hands of Ducheng Real Estate Company. Ducheng Real Estate has the strength to turn Taiwei Real Estate Company into a listed company with good qualifications, but there is no need for that. The more companies, the better. Hearing this, Gao Yi hesitated. Now appearing in the hospital ward, it seems like he is gloating over someone else's misfortune. If he is unlucky, he may even anger Hu Zengqiang to death. In that case, how can he continue to mix in the circle?

Li Wendi saw Gao Yi's concerns and said with a smile, "Don't worry, I have already found out everything. Hu Zengqiang is in good health and will be discharged in two days. I was worried that he would not see you after he was discharged."

Gao Yi thought about it for a moment and finally agreed. This was the boss's order. If he didn't go, it would affect his future work in the company. He had already given so much to the company before, and it was obviously unlikely for Gao Yi to give up everything he had obtained.

These actions naturally could not be concealed from their well-informed peers, so the reputation of Metropolitan Real Estate Company and Cheung Kong Industrial Company for being dishonest spread widely. Some people ridiculed them, some praised them (there is no dishonest business), and some doubted their character.
Li Wendi didn't care too much. His 'name as a gangster' had always been 'praised' by people in the business community, who often laughed at him for being a gangster. It was normal for gangsters to do evil things, but Li Jiacheng did care a little. However, when he responded to other people about this matter, he always had a hidden meaning of 'he didn't want it, it was Li Wendi's masterpiece'.

The pure will become clear, and the turbid will become turbid!
It's already turbid, so why bother about whether it's clear or not.

This is Li Wendi's mentality at the moment. If he wants to practice "charity" in the business world, he must have the cash strength of Baochuan Wang and Zheng Yutong, rather than being as weak as Li Wendi.

Li Wendi had no idea about the negotiation process. He only knew that Gao Yi persuaded Hu Zengqiang, but Hu Zengqiang only agreed to buy back the shares at 9% of the asset value. The reason given was that Li Wendi had made enough and he should be left with some, as Taiwei Real Estate Company still needed funds for development.

Of course, Li Wendi had no objection to this request, but she just hoped that Hu Zengqiang would take care of his health.

Li Wendi knew very well that if Hu Zengqiang was really angered to death, he would really become "Zhou Paopi", and this nickname might accompany him for the rest of his life.

"Boss, we have exited Taiwei Real Estate Company unscathed. Not only did we get a batch of high-quality properties, but we also made a profit of 3600 million yuan from them." Gao Yi reported with a smile on his face.

Li Wendi nodded and said, "This business is doing well. The only drawback is that it cannot be replicated. Otherwise, we could make a lot of money."

This was said somewhat in a joking manner. Doing such a thing once would already make people hate you and arouse taboos, so how could you do it a second time? Besides, it was not easy to find an ally like Cheung Kong Holdings.

"Now that we have sufficient funds, should we continue to buy high-quality properties? Or should we acquire some companies?" Gao Yi asked.

Li Wendi tapped the table with his fingers, looking thoughtful. He had thought about the development plan of Capital Real Estate, but now the plan was somewhat disrupted and needed some adjustments.

"Ducheng Real Estate already has listed companies under its umbrella, so it is most important to develop itself first. Take out 3600 million from the 2000 million in profits to bottom out in the stock market. As for which companies' stocks to bottom out, you can discuss it with Lin Dongmei," Li Wendi decided.

If they desperately expand without digesting the problems, they will most likely become like the Jianing Group in the previous life. Once storms come, they will be shaky. The larger the scale, the more difficult it will be to save.

Hong Kong is currently experiencing a period of rapid development. As long as Metropolitan Real Estate consolidates its existing strength, there will be ample opportunities for development and growth in the future.

"Okay, what about the remaining 1600 million? Although we have received a lot of good properties from Taiwei Real Estate Company, the strength of Ducheng Real Estate Company is still not strong. Can we use the remaining funds to acquire some high-quality properties at a low price?" Gao Yi is very ambitious. He is no longer satisfied with the strength of Ducheng Real Estate. He thinks that a company that owns two commercial buildings in Central is not strong?

Li Wendi didn't want to undermine Gao Yi's self-confidence. If Gao Yi did something wrong, he would correct it in time. "Try not to take out loans for the properties you buy."

Li Wendi was worried that Gao Yi would not be able to stop and would keep buying.

"Yes!" Gao Yi smiled slightly.

Watching Gao Yi's leaving back, Li Wendi fell into deep thought again. The companies under his control needed some integration.

(End of this chapter)