Started from Hong Kong Island

Chapter 257 [Bai De Real Estate]

As the owner of the Tiehang Building was very anxious to cash out, he asked the registered companies to submit their bids a week later. There were many competing companies, such as Cheung Kong Holdings, New World Development Company, Hang Lung Group and Hong Kong Land Development.

These companies are all very powerful. It can be said that they are stronger and more financially-sufficient than Changxin Real Estate Company. Unfortunately, they are not as bold as Changxin Real Estate Company. They even dared to offer a 4% premium during the economic downturn, which surprised many people.

"Mr. Li is so bold at such a young age that he dared to offer a 4% premium, which surprised all of us." Guo Desheng laughed.

Li Zhaoji on the side kept looking at this hot newcomer in the business world with a competitive look in his eyes. Originally, he was the youngest in this group, but now he has become a senior, which makes Li Zhaoji feel a lot of pressure.

"Wendi has always been brave, otherwise she wouldn't have thought of joining the board of directors of Wharf Holdings. She scared the foreigners from Hutchison Whampoa so much." Cheng Yutong has a good relationship with Li Wendi and wants Li Wendi to integrate into this small group as soon as possible.

"Thank you for the compliment! I just made some money and wanted to do some good projects." Li Wendi said with a modest smile.

"This time, Mr. Li defeated the Hong Kong Land Development and acquired the China Railway Construction Corporation Limited. It can be said that we Chinese have defeated the British." Li Jiacheng is better at flattering in the business world. In his eyes, Li Wendi is already a big tree, capable of shaking the opponents of Cheung Kong Holdings.

Li Zhaoji has always been a taciturn person and is rarely interested in these multi-player competition projects. He is a bit like an honest man who works hard, so he would not praise a young guy whom he just met, as it seems embarrassing.

Li Wendi looked at Li Zhaoji very tactfully and said with a smile, "Mr. Li Zhaoji's Hang Kee Lighting Company and I have a tacit understanding. We are both interested in old buildings in Sheung Wan. Mr. Li should go easy on Changxin Real Estate Company."

Among the five people present, three had the surname Li. In order to distinguish them, Li Wendi could only say Li Zhaoji's name.

Li Zhaoji said expressionlessly, "Mr. Li is a new star in the real estate industry. Henderson Lighting Company cannot compete with you for the time being. On the contrary, Mr. Li should go easy on Henderson Lighting Company, otherwise it will be difficult to gain a foothold in Sheung Wan."

In fact, Li Zhaoji has been working on Sheung Wan for several years. When Li Wendi was just starting out, he sold the warehouse to Li Zhaoji. Now Li Zhaoji is making great strides in the Sheung Wan area and is developing many sites, which is not comparable to Cheung Sun Properties.

The five of them chatted for a while and gradually got down to business.

This time, Li Zhaoji took the lead again. "As everyone knows, the Hong Kong government is planning to develop a new town in Shatin. Land reclamation has already begun in the past few years. Unfortunately, too much money is needed, and the Hong Kong government has limited funds. Now we plan to hand this project over to others."

Sha Tin is located in the New Territories, separated from Kowloon by only a mountain, so the property value of Sha Tin is almost at the same level as that of Tsuen Wan.

The Hong Kong government hinted this year that it would issue a tender for the Sha Tin reclamation project, but did not want to invest any more money, so it gave some concessions to real estate companies. After the reclamation is completed, the real estate companies can obtain part of the land and do not need to pay land compensation fees.

The price tag will naturally be low, since reclamation is expensive.

Li Wendi remembers that this project allowed these people to obtain 176 million square feet of land in the Sha Tin reclamation area and build a first city. The profits were of course terrifying.

"Our five companies will each hold 20% of the shares and will establish a new company. As for the name, everyone is welcome to give suggestions." Li Zhaoji finally finished his words.

Li Wendi didn't expect that he could get so many shares. Maybe they couldn't divide them, and it would be bad to give Changxin Real Estate less, so they divided them equally.

Li Wendi recalled the name of his company in his previous life, 'Bai De Real Estate'. It was indeed a good name, but he would not be the first to propose it, as he needed to understand the ways of the world.

In the end, the name "Bai De Real Estate" was adopted, and each company needs to pay 2000 million yuan in initial capital, and further financing may be needed later.

Back to Changxin Real Estate Company

Zhang Wentao ran over with a happy look on his face. Although Changxin Real Estate Company did not get much interest in the Tiehang Building, the operating rights were retained. It can also be said that Changxin Real Estate Company owned the entire Tiehang Building. In this way, Changxin Real Estate Company owned 3 commercial buildings in Central, and the stock price also rose a lot.

"Boss, should we contact the newspaper to hype up the bidding for the Tiehang Building?" Zhang Wentao wanted Changxin Real Estate to take over by stepping on the land company.

Li Wendi nodded. This was the original plan. "Contact major Chinese newspapers and hype it up. At the same time, hold a press conference to announce Changxin Real Estate's assets and future plans."

With the blessing of wealth and power, this news spread all over Hong Kong. Many people have heard of the name of Cheung Sun Properties. Of course, this also made Bao Fu-ta of Hong Kong Land Development so angry that he smashed a lot of things, and the employees of Hong Kong Land Development were in a panic. There is no doubt that Cheung Sun Properties is very popular. In fact, there are also many people who do not think that Cheung Sun Properties can compare with Hong Kong Land Development, and even cannot compare with the little finger of Hong Kong Land Development.

The share price of Changxin Real Estate Company rose sharply, with a daily increase of up to 10%, re-exceeding 1.5 yuan, and a market value of nearly million.

At the same time, Hopewell Holdings announced its profit for the year 74, with a profit of HK$2179 million for the whole year. This figure is not bad and ranks among the top profitable real estate companies in Hong Kong.

This also made investors begin to regain some confidence in Hopewell Industries. Many investors bought shares of Hopewell Industries. After two weeks of growth, the share price once rose to 1.9 yuan.

Then the rise gradually slowed down, and there seemed to be a trend of stopping at a position just over 2 yuan.

Li Wendi knew very well that it was not until 79 that the share price of Hopewell Holdings Limited returned to its peak in 73, at 30 yuan per share. Unfortunately, Li Wendi could not wait any longer and he needed more funds to buy at the bottom.

So Li Wendi came to the trading hall of HSBC.

"Mr. Wu, to what level has the share price of Hopewell Holdings reached?" asked Li Wendi.

"At 2.3 yuan per share, the growth is not as strong as before," Wu Xiong reported.

"Okay, sell all the 500 million shares of Hopewell Holdings that I hold," Li Wendi ordered.

"Yes, I will do it right away. It may take a long time as the current share price of Hopewell Holdings is still relatively fragile," Wu Xiong explained.

"Well, take your time and try to finish it within this month." Li Wendi gave the final deadline.

Based on the current share price of Hopewell Holdings Limited at 2.3 yuan and the purchase price of 0.43 yuan, Li Wendi can earn 1.87 yuan per share, with a profit of 935 million (without deducting various expenses), and the rate of return is an astonishing 400%.

Ho Fung Enterprise Co.
Li Wendi brought Huang Lixin and Zhao Yazhi to hold a high-level meeting, and also intended to encourage the two women.

Zhao Yazhi is a very scheming woman. When she was working at Junfu Jewelry Company, she won the hearts of many people. Now, taking advantage of Huang Lixin's pregnancy, she began to dig into the corners of Junfu Jewelry Company and brought many people to take over Hefeng Enterprise.

Knowing that he is not capable enough to control a company, he still tries to attract talents. This is a powerful move.

Obviously, Huang Lixin is no match for Zhao Yazhi.

However, it is not easy for Zhao Yazhi to control Hefeng Enterprise, because He Qijun will not sit idly by. Although He Qijun cannot touch the pregnant Huang Lixuan, it is not difficult for her to touch Zhao Yazhi.

Therefore, Li Wendi did not warn Zhao Yazhi, nor did he say anything to He Qijun and Huang Lixin. After all, "Monkey King cannot jump out of the palm of Buddha's hand."

The personnel appointments at Hefeng Enterprise are somewhat messy. With the struggles among the top executives at Jianfeng Garment Investment Company, it is quite difficult to get things back to normal.

However, those people in Jianfeng Garment Investment Company would definitely tell their confidants clearly not to compete with the new boss. After all, the power of life and death lies in Li Wendi's hands, so when the meeting was held, the management staff were very respectful and obedient.

But after the meeting, Li Wendi heard different rumors, saying that Huang Lixin and Zhao Yazhi were both mistresses, and an experienced aunt saw that Huang Lixin was pregnant, so the rumor spread throughout the company.

Huang Lixin and Zhao Yazhi's faces were very dark and they wanted to punish those people, but they were stopped by Li Wendi, because this thing could not be banned and would only make things worse.

Isn’t that what Liu Luanxiong was like in his previous life?

Li Wendi didn't want to be portrayed as a 'pervert' by rumors, so he didn't want to stop anything. As time went by, they would naturally forget about it.

(End of this chapter)