Started from Hong Kong Island

Chapter 269 268 [Bad Luck]

Li Wendi laughed and said, "The stock market crash has just passed for a while. The Hong Kong stock market will not recover confidence so quickly. The Hang Seng Index this year is unlikely to rise to 500 points. It is only slightly better than the situation in 74. And if the acquisition between us depends on the stock market, you two can sell from the stock market, and I will take over on the stock market."

Qiao John and Alvin were a little unconvinced and thought Li Wendi was deceiving them. "Mr. Li, this is not up to you."

"Haha! Of course. But we can make a bet. If the Hang Seng Index can exceed 500 points this year, I will personally lose 1 million to you. If not, you two only need to pay me 5000 million." Li Wendi said confidently.

So confident! ?

The two foreigners began to worry. This was 5000 million, half of Yonggao Company.

Joe John still backed off. The premium was too high to begin with, so why take the risk just to get the money?

"Okay, then the premium will be reduced to 30%. We are already at a loss." Joe John said pretending to be distressed.

Li Wendi still shook his head. "If it was the bull market of 73, I would certainly be willing to pay a 30% premium. Unfortunately, the current prospects are unclear and no one knows whether there will be a rebound. Buying Yonggao Company is also a gamble for me. If I lose, everything I have done in the past four years will come to nothing. So I can only pay 20%."

"Mr. Li, a 20% premium is impossible. The Hilton Hotel in Central is a hotel in a good location, and it generates tens of millions of dollars in revenue every year." Joe John was a little impatient. It seemed that the price had reached his bottom line.

The negotiations almost broke down after much arguing. Fortunately, the people from Huoduoli Company showed up on time and used the current situation of Yonggao Company to convince John Joe and Alvin and set the premium at 25%.

This price was acceptable to Li Wendi: 9.5 yuan per share, which was 2.5 yuan per share cheaper than the previous acquisition by Cheung Kong Holdings.

This is a good thing. The funds borrowed from HSBC are just enough to pay the amount, and Li Wendi does not need to spend his own funds.

Of course, 56% of Yonggao Company’s shares were mortgaged to HSBC Bank, as well as some properties of Starlight Real Estate Company.

As the news came out, Li Jiacheng in the office of Cheung Kong Holdings was furious again. This made him more certain that there was a spy named Li Wendi inside the company. Future acquisitions could not go through the hands of other people and he had to be the one responsible for it.

Li Jiacheng did not stay angry for too long. He calmed down and thought about how to digest the 7000 million loan. Finally, he decided to continue looking for a suitable company to acquire.

The "rat-trading" incident at Junfu Jewelry Company was slowly coming to an end. The deputy manager was killed by his companions, and his body was found by the police on a deserted beach in the New Territories. The cause of death was a blunt object hitting the back of the head.

The traces of their companions gradually became apparent, and the police were chasing them. However, since these were not Li Wendi's bounty targets, the police's bounty was low, and the other side was well-equipped and had stronger firepower than the police, the gangsters naturally did not want to take risks, so the police were left to pursue them alone.

At the police force's press conference, spokesman Xie Jin did not mention the fact that Junfu Jewelry Company had accepted "fake goods", but only said that the deputy manager wanted to gain benefits through Junfu Jewelry Company.

However, some reporters also raised the question in public, whether Junfu Jewelry Company took over this batch of "rat goods"?
Xie Jin only said that they were still investigating and it was not convenient to disclose the details for the time being.

Such an ambiguous answer aroused the curiosity of reporters, so those reports were full of suspicion, and most of them believed that Junfu Jewelry Company had taken over, causing Junfu Jewelry Company's business to plummet.

Li Wendi was very angry, but this was already the fact, and the most important thing at the moment was to solve the problem.

"The store's business has dropped by nearly 5%. If it is not stopped, it may drop by 7%." He Qijun said with a sigh.

Li Wendi was quite helpless, as he had already taken preventive measures, but unfortunately they had no effect at all and some hidden dangers were left. It was really like 'stealing a chicken and losing the rice'.

"We have already issued a statement. As for the results, we will have to wait and see. There is no better solution for now." Li Wendi shook his head. The public's ideas are easy to change, but the instigation of newspapers is difficult to stop. Only time can dilute all this.

"We have already lost the market, so why not use the funds to acquire another jewelry company, transform the products and sell them." He Qijun wanted to change his business. Li Wendi thought for a while and shook his head. "It seems like a good idea, but it is easy to be fooled. We have too many enemies in the newspaper industry. If these people continue to report, the acquisition of the jewelry company will not be very useful, and it will also waste some funds."

"That's right!" He Qijun nodded, "Then let Junfu Jewelry lie dormant for a while."

"Junfu Jewelry should focus on the sales of watches in the future. The products of those agent brands still have good sales. If they do well, they should be no worse than jewelry." Li Wendi forced a smile and said, "Didn't you want to buy more gold before? Now you can do it. We can still make the same profit by speculating on gold."

"Is the price of gold going to rise again?" He Qijun asked.

"I don't know. There shouldn't be much fluctuation for the time being," said Li Wendi.

When a person is unlucky, even drinking cold water will cause a blockage in his teeth, and bad things will happen one after another.

Li Wendi did not believe such feudal superstitions at first, but now he has realized the truth of this statement.

Junfu Jewelry Company had just gotten into trouble, and Hefeng Enterprise was once again facing exclusion and suppression from its peers. Zhao Yazhi and Huang Lixin had no idea what to do, so Li Wendi had to take charge.

Nan Fung Textile United Company contacted several companies in the same industry and scrambled for orders from He Feng Enterprise, as long as they did not lose money. This made some employees of He Feng Enterprise panic, because having no work would directly affect their wages and the quality of their family life.

Faced with such provocation, Hefeng Enterprise is somewhat helpless. After all, the other party is wealthy and powerful. If Hefeng Enterprise wants to lower the price, it has to see whether it has such a large amount of financial support.

Li Wendi did not convene a high-level meeting because he felt that senior staff would not have very good suggestions. However, it was still necessary to gather everyone's wisdom. So Li Wendi asked the company to issue a notice to solicit solutions. The reward directly soared to 10 yuan, which made many employees ecstatic.

Huang Lixin was pregnant, so Li Wendi did not let her stay longer. After all, the atmosphere in the company was not good. As for Zhao Yazhi, she was also a vase. She might be okay for management, but when it came to decision-making, she was not up to the task.

Garment companies have always been producing on behalf of others, and they may have products from sister companies, but generally not many.

Li Wendi asked his secretary for a large amount of information, hoping to find some inspiration from it.

"Is there any research data on Hong Kong's low-end clothing market?" Li Wendi asked the beautiful secretary.

The secretary paused and replied, "Yes, but it's from last year's investigation report."

"Bring it to me." Li Wendi ordered.

As a result, the secretary did not leave, but walked closer to Li Wendi and easily found the document among a pile of documents.

Li Wendi took a quick look and found that competition in the low-end clothing market was quite fierce, even during the economic crisis.

But he still had the idea of ​​doing it himself. What's the point of putting his fate in the hands of others?

As he was thinking about it, he called He Qijun again and asked her to ask someone to send over some comic character patterns.

That’s right, Li Wendi plans to make best-selling clothing for cartoon characters, which will not only allow him to pay some agency fees to the Qinian Newspaper, but also help solve the current difficulties of the clothing company.

When the cartoon character patterns were delivered, Li Wendi went to the workshop in person and asked the technicians to make the patterns as quickly as possible. He also asked the sales department to take over a few stores and prepare to start sales.

(End of this chapter)