Started from Hong Kong Island

Chapter 260 [Discovered Again]

The bidding for the King's Road Dockyard land in Quarry Bay launched by Swire Properties has ended. Changxin Real Estate Company won the bid with a price of 4600 million yuan, which is only 4300 million yuan less than the second-place bid of 300 million yuan by Nan Fung Investment Company. It seems like a risky move.

Chen Tinghua, boss of Nan Fung Textile United Company, the parent company of Nan Fung Investment Company, was so angry that he slapped his thigh and said bluntly that "it was a lost treasure". Unfortunately, everything has been settled and cannot be changed.

Chen Tinghua was a very visionary businessman. As the textile industry was now in decline, Chen Tinghua began to mobilize funds to enter the real estate industry. Otherwise, he would not have spent a large sum of money to bid for the King's Road land owned by Swire Group. In fact, Nan Fung Textile United Company had no experience in land development and was a complete newcomer in the real estate industry.

However, this is temporary, because Nan Fung Textile Corporation owns a lot of factory land with an area of ​​over one million square feet, which is enough to accumulate development experience.

In fact, Li Wendi also set his sights on the land owned by Nan Fung Textile United Company. Currently, Nan Fung Textile United Company is relocating its factories at the request of relevant departments of the Hong Kong government. Therefore, the factory land in the new towns in the New Territories will be vacant, waiting to be developed.

Nan Fung Textile United Company is not China Bus Company. Qiang Han Huaibao is parading in the city. Chen Tinghua must want to make a fortune from the factory land.

Now is not the time yet, because the factory of Nan Fung Textile United Company has not yet completed the relocation task.

As for the King's Road Dockyard land, Li Wendi planned to wait until Swire & Co. completed the first phase of development before developing it. This way, he could leverage the popularity brought by Swire & Co. to better complete sales. After all, the Swire & Co. was geographically too remote at that time.

Later, Li Wendi drove to HSBC Bank.

He anxiously found Wu Xiong and asked seriously, "Mr. Wu, how many shares of Kowloon Motor Bus Company have we acquired?"

"About 700 million shares!" Wu Xiong answered decisively, "Although we have been discovered, it will take some time for them to mobilize funds. We are scrambling to buy shares and strive to acquire another 100 million shares before the market closes."

This was somewhat unexpected. Li Wendi did not expect that Kowloon Motor Bus Company would discover the purchase of Kowloon Motor Bus Company shares so quickly. However, he acquired 700 million shares, accounting for 11%. As long as he acquired another 300 million shares, he would automatically become a director of Kowloon Motor Bus Company.

"Okay, raise the price immediately and buy 200 million shares before the market closes." Li Wendi pondered and said, "As for the required funds, transfer them from my personal account."

Now is the moment when the arrow is on the string and has to be shot. If he does not have more capital, Lei Juekun will definitely be on guard against Li Wendi for several years. This time span is too long, unless Li Wendi is willing to spend a lot of money to stun those stockholders and shareholders like the ship charter king in his previous life when he acquired the Wharf Group.

Li Wendi was naturally unwilling to spend this money, and he did not have so much funds to squander.

The advantage of joining the board of directors is that Li Wendi can openly establish relationships with other shareholders, making it easier for him to take over shares from these people in the future and complete the acquisition of Kowloon Motor Bus Company.

"Yes!" Wu Xiong went to do the work immediately. This period of time was very critical.

A few hours later, the stock market closed, and Wu Xiong came to report the situation. "Mr. Li, we have acquired another 140 million shares of Kowloon Motor Bus Company. You currently hold 840 million shares of Kowloon Motor Bus Company, accounting for 14%, which is still 16% away from 2%. You can complete the acquisition of these 2% of shares tomorrow, but the share price tomorrow may exceed 4 yuan."

Li Wendi nodded, "Thank you for your hard work! Let's continue to grab shares tomorrow. We can't let this final push be weak."

"Yes!" Wu Xiong said, his eyes looking a little unnatural.

Today's incident happened suddenly, and the directors of Kowloon Motor Bus Company were caught off guard. After a night of settling down and fermentation, the funds will most likely be raised properly, and tomorrow will be a small fierce battle. After all, Li Wendi is only short of 2% of the shares.

Why not just acquire Kowloon Motor Bus Company? Why alert the enemy?
Because Li Wendi is short of funds, and because Li Wendi wants to take the name of "prior acquisition" first to prevent other powerful companies from targeting Kowloon Motor Bus Company. In addition, based on Li Wendi's current strength, he can also dispel the ideas of some ambitious people who covet Kowloon Motor Bus Company.

The first government land auction in 75 years held by the Hong Kong government
This auction is undoubtedly also aimed at stimulating the local market, because the Hong Kong government has seen signs of recovery in the local market.

As usual, Li Wendi brought the three great kings with him and chatted with some familiar real estate developers. Then the auction officially began.

The first plot of land to be auctioned is a residential plot located in Kwai Chung, with an area of ​​5.7 square feet. The starting price is HK$1150 million, and each bid must be no less than HK$10.

According to the mentioned volume ratio, this piece of land can be used to build three residential buildings with a height of 28 stories. If it was launched in 76 when the real estate market was recovering, it is estimated that it could make about 2000 to 3000 million yuan.

As a result, this piece of land was hotly sought after by medium-sized real estate companies, and the price was once called up to 1500 million, a 3% premium. Li Wendi felt that if the first piece of land was so competitive, the competition for the next piece of land would be even more intense. Fortunately, his company did not have the goal of winning it all, otherwise it would be very uncomfortable.

It was not until the fifth plot of land that Li Wendi started bidding. This was a plot of land located on Queen's Road East in Wan Chai, with an area of ​​2.5 square feet. He remembered that this was the Hopewell Centre Building in his previous life, the headquarters of Hopewell Holdings.

Sure enough, Hu Yingxiang of Hopewell Industrial Company began to raise his bids frequently, as if he was determined to take over the land. Many companies were frightened by Hu Yingxiang's actions.

Seeing Hu Yingxiang's crazy look, Li Wendi was too lazy to raise the bid anymore. Of course, there was no way he would lose money on this piece of land, but when he would get his money back was a big problem. What if the company's development was delayed because of this piece of land? Who could accept it?

In the end, Hu Yingxiang won the land with a bid of 5000 million, which caused all the Chinese businessmen present to applaud.

This is really bold. Even Li Wendi, who knew the development history of Hong Kong, was reluctant to buy this land for 5000 million, even though the geographical location of this land is very good.

Therefore, Li Wendi only bought two very small pieces of industrial land at this auction, which could be used to build two small industrial buildings.

"Boss, which company do you plan to entrust these two pieces of land to for development?" Wang Tichuan asked.

Li Wendi thought for a moment and said, "Let's leave it to Ducheng Real Estate Company. Gaoyi has been acquiring industrial buildings, so it's a good idea to integrate the assets."

Wang Tichuan nodded and said, "Although Zhongyu Real Estate Company is a company that collects rental income from properties, its expansion speed is very limited if it only relies on rent to acquire properties. Therefore, I suggest that Zhongyu Real Estate Company can participate in some land development matters, and then it can carry out some small property development projects on its own."

Zhang Wentao's eyes moved between Wang Tichuan and Li Wendi. He could already feel that the threat posed by Wang Tichuan had risen to a new level. It was obvious that he wanted to seize benefits from Changxin Real Estate Company. It would have been fine if he had just added Ducheng Real Estate and Mingcheng Real Estate, but now Wang Tichuan had joined in the fun. He was extremely annoyed.

Li Wendi shook his head. "The development direction of Zhongyu Real Estate Company is not in industrial buildings, but in commercial buildings. Changxin Real Estate Company's Causeway Bay commercial building construction project can be transferred to you. You can discuss the details with Wentao."

"Boss, Zhongyu Real Estate's original purpose was to collect rent and provide property management. Now that it's suddenly changed, I'm afraid it won't be good for the company. How about Zhongyu Real Estate becoming a shareholder and assisting Changxin Real Estate? We can then talk about developing the property independently after accumulating enough experience?" Zhang Wentao politely refused.

Li Wendi is of course aware of Zhang Wentao's thoughts. Zhang Wentao wants to firmly control Changxin Real Estate's development projects in the commercial and residential areas, so that Changxin Real Estate can maintain its position as the "big brother".

But Zhang Wentao didn't understand Li Wendi's idea. Most of the commercial buildings built by Changxin Real Estate would fall into the hands of China Entertainment Real Estate Company. Since both were listed companies, the buying and selling needed to be reasonable and legal, so there must be capital flow. It was equivalent to Changxin Real Estate earning profits from China Entertainment Real Estate Company. Those tax fees would be a waste of money for the Hong Kong government. It would be better to let China Entertainment Real Estate Company do it itself and save the tax.

"No need for that. Changxin Real Estate will only be responsible for the construction of a small number of commercial buildings in the future. Its main business will still be in residential buildings. This is a lucrative direction, and Changxin Real Estate must firmly control it." Li Wendi made the final decision. "Industrial buildings still have room for development in Hong Kong in the next few years. It is better for Capital Real Estate and Mingcheng Real Estate to do it. Zhongyu Real Estate will focus on commercial buildings."

Zhang Wentao, Wang Tichuan and Gao Yi stopped talking when they saw that Li Wendi had made up his mind. Some of them were happy while others were worried.

Li Wendi saw what they were all thinking and said with a smile, "There are still opportunities for cooperation between you, such as the last North Point Saixihu project. Such a project is too big and requires all companies to participate. In the future, the shops in the residential area will be yours."

The three of them then relaxed a little, realizing that the boss was trying to be fair.

In fact, in the business world, there are many examples of "turning the son into the mother", such as Wing Tai Construction and Henderson Lighting under Li Zhaoji in his previous life.

Li Wendi is well aware that Hong Kong's industrial buildings will eventually become saturated, and so will the commercial buildings, but it will take a little longer, so the project direction of his companies will not remain unchanged.

After Li Wendi finished speaking, the car fell completely silent. Everyone had their own plans, but they were all for the company they managed, not for themselves.

Of course, Li Wendi allows such disputes to exist. As long as it does not harm the company, Li Wendi can forgive it.

Wherever there are people, there will be the world and human relationships. Li Wendi knows this very well.

Soon, Wang Tichuan broke the silence, and the voices of discussion were heard again in the carriage.

(End of this chapter)