Started from Hong Kong Island

Chapter 266 [Storm in the Business World]

Soon, Li Wendi met with Cui Baiquan of Legu Real Estate Company to discuss cooperation in acquiring some high-quality industrial buildings.

Cui Baiquan also said that Eagle Properties was somewhat aggressive and had no intention of giving up on some high-quality properties. They wanted to take them all, causing many of Legu Real Estate's plans to fall through.

Cui Baiquan is a veteran with a steady style. He will not engage in excessive "fighting" with Eagle Properties just because of a momentary anger. After all, this will seriously damage the interests of Legu Real Estate. However, Cui Baiquan is still happy to use some small tricks in secret to make Eagle Properties suffer some losses.

When three equally powerful companies compete, no one can gain much advantage. However, if the other two cooperate, the other company will start to suffer, after all, it will have more funds.

Eagle Properties has acquired a number of industrial buildings and land, and is building industrial buildings on a large scale. Even if it has obtained a large amount of loans from banks, there will not be much left now. Therefore, the combination of Legu Real Estate Company and Metropolitan Real Estate Company is a great threat to it.

Therefore, when Cui Baiquan heard the proposal, he immediately agreed to it. Li Wendi also did not want Cui Baiquan to suffer a loss, so he proposed a 50-50 profit-sharing plan. However, this was only limited to some very high-quality properties. For those properties and land with average prospects and not much capital required, they would still have to complete it alone.

Cui Baiquan thought it was meaningless because Legu Real Estate Company also had its own plans. The cooperation had already disrupted part of it. If it was disrupted completely, it would not be good for Legu Real Estate.

In order to create a tense atmosphere, Li Wendi suggested holding a press conference to announce the intention of cooperation to the outside world with great fanfare so that the two companies could also gain some good reputation.

When Luo Yingshi of Eagle Properties heard the news, he looked a little worried. He knew very well that this was aimed at Eagle Properties, but Eagle Properties' plan had been mostly completed and the impact would not be that great.

After much deliberation, Luo Yingshi decided to avoid the attack and reduce the acquisition of industrial properties, allowing the alliance of the two companies to strike hard. Only when the two companies' fighting spirit is exhausted, Eagle Properties will strike again.

If Li Wendi knew that Luo Yingshi was playing the trick of "making a strong start, then declining, and finally exhausting it", he would definitely speed up the pace of the acquisition. After all, on the surface, this was aimed at the Eagle Properties Company, but in fact it was to complete the acquisition plan.

As a result, the two companies began to make great strides in the field of industrial properties. Legu Real Estate alone purchased three industrial buildings within a week, spending several million dollars, which greatly enriched the asset value of Legu Real Estate.

It is conceivable that once the prices of industrial buildings skyrocket, these three companies will definitely make a fortune.

Li Wendi listened to Gao Yi's report and said with a smile, "Luo Yingshi has almost completed his acquisition. As far as I know, he has borrowed more than 6000 million from several banks. Now he has at most 1000 million left. It is unlikely that he can acquire too many properties."

"Luo Yingshi is a man who works in industrial construction and decoration. He has some unique insights into industrial properties. I guess if he finds a property he likes, he can still raise enough funds." Gao Yi meant that Luo Yingshi was 'playing dead' and should not be underestimated.

Li Wendi nodded and said, "Don't worry about him for now. Great Eagle Properties will not take the lead for the time being. Let's acquire the properties in the plan first."

"By the way, how is the matter of asking you to contact those shareholders going?" Li Wendi suddenly asked.

Li Wendi wanted to privatize Ducheng Real Estate Company, and of course, he wanted to privatize it in collaboration with Changxin Real Estate and Zhongyu Real Estate.

Gao Yi pondered for a few seconds and said, "It's a bit difficult! The shareholders have seen that the company's assets have increased a lot, and they are waiting for a higher premium."

"How much premium do you think these shareholders will ultimately want?" Li Wendi asked, touching his chin. Human hearts are always greedy.

It is not appropriate for Capital Real Estate to be privatized at this time, but it will be even more inappropriate in the future because Capital Real Estate has been growing and developing, and future privatization will consume a greater amount of funds.

"4%!" Gao Yi stretched out four fingers and said with a serious expression.

This is certainly a high price, 140% of the current asset value, which means that these shareholders have made a lot of money.

Li Wendi sneered. He held 68% of the shares of Capital Real Estate Company. He basically had the final say in Capital Real Estate Company. Why were these people so arrogant?
Li Wendi did not intend to tear each other's faces off, but these shareholders would never expect to get such a large premium, so he had to find a way to make them back off.

"Go and tell those shareholders that I will offer a maximum premium of 2%. If they disagree, I will transfer the assets under Capital Real Estate Company to other companies, and those funds will be distributed as dividends. Let them choose for themselves." Li Wendi said in a deep voice.

By making Ducheng Real Estate a hollow shell, Li Wendi will be able to obtain nearly 7% of the dividend funds, which will allow Li Wendi to obtain more benefits.

Although it looks ugly, it is a good way to sanction. It takes a lot of effort and time to transfer assets here and there, and Li Wendi is not very willing to do so.

Gao Yi nodded and smiled, "These people should be worried. Although it doesn't bring much benefit to us, it will cause greater losses to those shareholders."

"I don't want to do this either. It's just that they are too greedy. They dare to ask for a 4% premium in such a market. They take me, Li Wendi, for a fool." Li Wendi smiled with the corners of his mouth raised.

"If they still don't agree, tell them I will take action against their companies." Li Wendi was still worried that these shareholders would not fall for this trick. "Yes!" Gao Yi said respectfully. He knew that his boss was a ruthless man, a tycoon who came from a gang of gangsters.

In July of 75, the weather started to get hotter and pedestrians on the streets began to jog to avoid the scorching sun.

Li Wendi stood in front of the huge floor-to-ceiling window, overlooking the busy and beautiful scenery of Victoria Harbour, his face a little gloomy.

A large headline "ICAC strikes again, arrests 6 business people" appeared on the newspaper on the desk, and the text below described the scene of the arrest and the impact of the incident.

Li Wendi did not expect that the ICAC would start taking action against business people so quickly. You must know that the current situation is that the cleanup work of the police force is still in progress. Although some senior detectives have been dealt with, those small fish and shrimps have not been cleaned up, and those people within the Hong Kong government have not been touched.

"It seems like he's bullying the weak and fearing the strong!" Li Wendi sighed.

This matter may implicate him again. After all, he is a person with a criminal record and has some conflicts with the Independent Commission Against Corruption. It seems reasonable to give him special attention.
In a capitalist society, businessmen are still quite powerful, and in some aspects they are even more powerful than officials. However, the ICAC does not seem to think so.

The ICAC naturally wants to open up the situation. Although it seems to be very popular in the police force, it is actually facing many difficulties, because every police officer has a history of corruption. Does the ICAC dare to accuse all police officers? Who will take care of Hong Kong's public security?
This is also the reason why the police force is so difficult to deal with.

Naturally, this incident caused a huge stir in the business community, and many businessmen began to feel insecure, as everyone has a "shameful" past.

Even Zhang Yan rushed to find Li Wendi and asked for advice on how to deal with the matter.

"What should we do?" Zhang Yan said impatiently, "Has the ICAC gone crazy? Why are they reaching out to the business community?"

Li Wendi felt that Zhang Yan's reaction was a bit too much, but after thinking about it, he knew that Zhang Yan must have done something "shameful".

"Don't worry, those people will be fine for now." Li Wendi comforted them. It was true that nothing would happen because the number of people involved was too large and the turmoil caused was not something the ICAC could afford.

"You mean those well-known people can find someone to act as a guarantor?" Zhang Yan asked doubtfully.

Li Wendi shook his head. "That's one reason. Today's economy is in a downturn and unemployment is high. I heard that the number of unemployed people in Hong Kong has exceeded 20. If the business community is disrupted and more panic is caused, who will bear the responsibility? Those congressmen are not vegetarians."

Members of Parliament have the right to impeach the Governor, not to mention the Independent Commission Against Corruption. If the economy is disrupted, it would be good if the Governor has a way to clean it up. If not, the Governor will be at risk of stepping down.

Hearing this, Zhang Yan breathed a sigh of relief. It seemed that he really had a big problem. "That's good."

"Did you bribe anyone?" Li Wendi asked with a faint smile.

Zhang Yan is not like him. He is cautious in his work and the bribery incident should have left some evidence.

Zhang Yan hesitated for a moment. "There was a project before, worth about 1000 million yuan, and many people competed for it, so I gave hundreds of thousands of yuan to the congressman. Now I am a little worried that I will be investigated."

Li Wendi immediately stopped smiling, looked at Zhang Yan, and said, "This matter can be big or small. If something happens to that congressman, he will definitely expose you. Have you cleaned up the mess?"

"I think there is no problem, but I'm worried that the congressman may have left some evidence of blackmail." Zhang Yan said worriedly.

Li Wendi smiled and said, "That congressman should be more worried than you about what's going on. Why is he threatening you? Well, there are few people in the business community who don't bribe officials. Just keep a low profile and don't let the ICAC spot you."

These words were naturally words of comfort. What had been done had already been done, and there was no point in taking any action at the moment. Perhaps Zhang Yan was on the ICAC's list, but there was just no evidence.

If I hurriedly erased the traces, wouldn't that tell everyone that I had bribed the officials?
Zhang Yan was still a little worried, but now he could only nod.

Then, Li Wendi asked some business questions about Luckin Coffee, and Zhang Yan was able to answer them one by one. It was obvious that he had put a lot of thought into the company recently and his abilities were gradually improving.

In fact, training Zhang Yan is also very beneficial for Li Wendi. After all, Zhang Yan is Li Wendi's natural ally. Although he does not play a big role, some things that are inconvenient to do can be handed over to Luckin Coffee to do.

(End of this chapter)