Started from Hong Kong Island

Chapter 252 [Help Coordination]

Under Wells' asset restructuring plan, Hutchison Group gradually began to get rid of the "mess" left by the previous boss Qi Dezun. Although it cannot prove that Wells is very capable, he still has the courage. Of course, the sale of corporate properties under Hutchison Group will encounter opposition from many directors. In the eyes of the directors, they only see that the asset value of Hutchison Group is decreasing and their money is decreasing.

As for the crisis of Hutchison Group, they do not think it has much to do with them. After all, as one of the four major trading companies in Hong Kong, it is impossible for Hutchison Group to collapse. Even if it is to collapse, the Hong Kong government will help save it.

Wells gradually came up with the idea of ​​splitting the profits from the land development in Tai Kok Tsui and Heung Kong Tsai equally between Da Chang Real Estate Company. In fact, the two companies are now jointly developing Tai Kok Tsui. The land development in Heung Kong Tsai is still verbal and there are also company memoranda recording it, but this thing has no legal effect because the memorandum is not a signed contract.

So Wells did not want to sign a contract with Dachang Real Estate Company and was prepared to keep all the profits from the development of the Aberdeen land for himself. Dachang Real Estate Company was naturally unwilling to do so, and this was a bit of bullying. Although they did not break up, it was almost the same.

Li Wendi was not surprised to hear the news. This is the norm in the business world. No one wants to give benefits to outsiders for free. For example, in the last negotiation with Wells, Li Wendi only asked for a one-time benefit and did not discuss other future cooperation because these benefits were not practical.

Chen Detai of Dachang Real Estate Company is an old-fashioned person who believes in the deterrent power of the word "integrity", but Willis is a foreigner who only trusts contracts, not verbal agreements.

Li Wendi suddenly remembered that Dachang Real Estate Company under Chen Detai still held 25% of the shares of Ducheng Real Estate Company. The last time the board of directors meeting was held, Chen Detai did not attend in person, but only sent a senior company executive.

Li Wendi now holds 43% of the shares of Capital Real Estate (held jointly by himself, China Entertainment Real Estate and Changxin Real Estate). This shareholding ratio is safe, but Capital Real Estate's assets are of high quality. If the real estate market becomes crazy, it will cost more money to increase holdings. Therefore, Li Wendi wants to take advantage of the conflict between Dachang Real Estate and Hutchison Group to increase his stake to 68%.

In this way, no one can shake his control over Capital Real Estate Company.

The heart is not as good as action!

Li Wendi immediately called Chen Detai to discuss the sale of shares.

Central Restaurants
"Mr. Chen, it's been a long time since we last met. You're still as charming as ever!" Li Wendi was the first to greet him. Chen Detai was a senior in the business world.

Chen Detai shook his head and said with a wry smile, "Mr. Li, please stop joking. I'm in trouble now, how can I be so charming?"

Li Wendi said, "These are just some minor issues. The cooperation between Hutchison Group and Dachang Real Estate is still going on. It won't come to the point of breaking up."

The two companies still have unfinished cooperation projects, and neither is willing to abandon these profitable projects.

Chen Detai waved his hand. "This is not a small matter. It may end up in court. I know why Mr. Li asked me out. Is Mr. Li planning to privatize Metropolitan Real Estate Company?"

Li Wendi smiled and said, "No, I don't have the strength to privatize Metropolitan Real Estate Company yet. I just want to increase my holdings."

Chen Detai nodded and said, "We are allies. Dachang Real Estate Company will always support Mr. Li as the chairman of the board of directors of Ducheng Real Estate. As for the sale of shares, there is no need to proceed."

"Mr. Chen has a point, but this involves the company's plan. I really hope to get 25% of the shares of Ducheng Real Estate held by Dachang Real Estate, even if it's only 10%." Li Wendi didn't know why Chen Detai refused to sell the shares of Ducheng Real Estate. Could it be that he also had some inappropriate thoughts about Ducheng Real Estate?

Chen Detai's expression remained the same. "It's not impossible to sell the 25% of Capital Real Estate Company shares I hold to Mr. Li, but I want Mr. Li to do me a favor. I wonder if Mr. Li is willing to do it?"

Li Wendi smiled and said, "Mr. Chen, please speak!"

"I heard that Mr. Li has many projects in Causeway Bay, and Dachang Real Estate Company hopes to acquire shares. This will be beneficial to Mr. Li as it will reduce capital outflow and allow him to buy more cheap land at a low price." Chen Detai continued, "Mr. Li has dealings with Willis of Hutchison Group. He should be able to say a few good words for Dachang Real Estate, at least to improve the current relationship between them." The shares of Capital Real Estate Company are much more important than the land development in Causeway Bay. The land in Causeway Bay are all scattered small plots with limited profits. Li Wendi didn't know why Chen Detai was interested in the land in Causeway Bay.

"The cooperation on the Causeway Bay project is easy to discuss, but I may not be able to help with Mr. Chen and Wells. Wells may not listen to me." Li Wendi said solemnly. He was a little surprised by Chen Detai's conditions.

"Mr. Li, just go ahead and do it. As for the result, it has nothing to do with you." Chen Detai waved his hand, signaling Li Wendi not to worry.

It seems that Chen Detai has used a lot of connections to try to ease relations with Hutchison Group.

Li Wendi thought to himself, but said, "In that case, I will do my best. I will calculate the shares of Metropolitan Real Estate Company at a 10% premium based on the current market value. What do you think, Mr. Chen?"

A 1% premium has become a common practice in the real estate industry today, and a 2% premium is not uncommon, but that is the price for acquiring important properties.

Chen Detai is a kind-hearted person. Naturally, he didn't want to lose the favor owed by Li Wendi because of the premium issue, so he nodded and said, "Okay, then let's choose a date to sign the contract. Please also ask Mr. Li to hurry up with the Hutchison Group's affairs."

"Don't worry, Mr. Chen. I will do it as soon as possible." Li Wendi smiled and said, "Let's set the signing date for the day after tomorrow."

In the previous life, the records about the conflict between Hutchison Group and Dachang Real Estate Company were only briefly mentioned without much description, but Li Wendi knew that these things gradually evolved into lawsuits and were finally settled privately.

Dachang Real Estate Company naturally suffered a lot of losses, but Hutchison Group regained a lot of profits from it.

Judging from Chen Detai’s performance, Li Wendi knew that there were huge profits hidden in the cooperation project between the two companies, otherwise Chen Detai would not have been so humble to find someone to coordinate the matter.

Unfortunately, Li Wendi has no role in (those projects) at all.

Tsim Sha Tsui Apartment
Huang Lixin and Zhao Yazhi are both working women and are not very interested in doing housework, so they hired two Filipino maids who were paid only 2 to 3 yuan.

At this time, Huang Lixin was lying on the sofa, flipping through magazines boredly. The magazines were full of brand-name clothing and jewelry, but Zhao Yazhi was nowhere to be seen.

"You're here!" Huang Lixin put down the magazine and ran over barefoot to help Li Wendi change clothes.

Li Wendi glanced at Huang Lixin's jade feet, smiled and scolded, "Be careful not to catch a cold!"

He has always paid lip service to his concern for the two women, but he would never satisfy them with material things, and he had no plans to buy assets for them. After all, who knows when these two women will leave.

At this time, Zhao Yazhi ran out of the room, exchanged a glance with Huang Lixin, then ran to Li Wendi, hugged Li Wendi's arm, and said some intimate words.

"We have something good to tell you today, but you have to guess first." Zhao Yazhi glanced at Huang Lixin and smiled coquettishly.

Of course Li Wendi didn't know what it was about, so he just said a few answers casually. Unfortunately, he was unlucky and didn't guess any of them correctly.

(End of this chapter)