Started from Hong Kong Island

Chapter 270 268 [Favors for Favors]

The news of Li Wendi's acquisition of Yonggao Company caused a huge sensation in the media. The acquisition of foreign-funded enterprises by Chinese-funded enterprises has played a great role in "boosting national self-confidence", so even colleagues who have had conflicts with Li Wendi have made great headlines about it.

Li Wendi's reputation has also been greatly improved. At least most of the businessmen in the Chinese circle know the name Li Wendi. As for his previous role as a director of China Gas Company and Wharf Holdings, those were quite common things. After all, many foreign-funded enterprises also have Chinese directors.

Li Wendi's reputation is still not as good as Li Jiacheng's. He bought the Bank of China Building for US$2700 million and was preparing to demolish the Bank of China Building and rebuild it. After negotiations with HSBC, during the reconstruction of the HSBC Building in the late 70s, HSBC's headquarters would move into the Bank of China Building.

Such a feat made Li Jiacheng's name resound throughout Hong Kong.

Li Wendi does not have such financial resources for the time being, nor will he try to please HSBC, even though doing so could bring better quality customers to the Bank of China Building.

The Hong Kong Hilton Hotel is managed by people sent by the Hilton Hotel headquarters in the United States. Although there is no subordinate relationship between the two, if the Hilton Hotel wants to be demolished, it will still need to pay a penalty during the contract period, and the management costs are very high.

Li Wendi has just taken over, so it is not advisable to make any drastic changes, so he lets the hotel maintain its original operation.

Li Wendi is under increasing pressure. Now he only thinks about how to make 1 million yuan to repay the loan from HSBC. After all, the interest of 1 million yuan is really "a huge pressure".

Mandarin Oriental Hotel, Central
Li Wendi met with the ship charter king again here, and this time it was naturally not for shipping business.

"Mr. Bao, before we get down to business, please read this document first." Li Wendi said with a smile, "So that we can continue our conversation."

Li Wendi's words aroused Bao Yugang's curiosity. He took the document and started reading it. After a few minutes, he asked in confusion, "This is the detailed information of Kai Tak Real Estate Company. Mr. Li wants to acquire this company? What does that have to do with me?"

"Mr. Bao, please listen to me slowly." Li Wendi smiled and spread his hands. "Last time, you said that you were planning to abandon the ship and go ashore. If I can help you take over this company, what do you think?"

Bao Yugang immediately became alert. He was not familiar with Li Wendi and they were not even friends, so he would naturally not do such a good thing. So he must have other purposes.

"Kai Tak Properties is certainly a good company. It not only has experience in building development, but also has very good assets." Pao Yue-kong changed the subject and asked, "Why did Mr. Li help me so much?"

"Bao Sheng, this is just a mutually beneficial business. You should have heard that I owed a lot of debts after acquiring Yonggao Company, so I want to make a profit through the purchase and acquisition of Kai Tak Real Estate Company." Li Wendi said with a smile.

There are many people who could have taken over Kai Tak Properties, why was he chosen?
"I have heard about Mr. Li's abilities. 1 million may seem like a lot, but it is not a big deal for Mr. Li. If Mr. Li doesn't tell me his real purpose, I really dare not agree." Bao Yugang was a little worried, but only a little.

The shipping industry is growing slowly, but there are hidden dangers. Bao Yugang is not young anymore. He can see the situation clearly this time, but what about next time? What if he fails to see it clearly? That would seriously damage his vitality, and his life's hard work might go to waste.

Bao Yugang originally wanted to take it slow and acquire a foreign company as a vanguard for entering the Hong Kong real estate and other industries. Unfortunately, the current situation has made him a little worried. A series of acquisition cases have appeared in the newsprint, and he is really worried about whether he will have the opportunity to acquire high-quality companies in the future.

Of course, no matter how anxious you are, you still need to be cautious when doing things.

"Haha! Mr. Bao really has a keen eye!" Li Wendi said, "People in Hong Kong are saying that I want to acquire Wharf Holdings, but it's not that easy to acquire Wharf Holdings, so I want Mr. Bao to help me in this time of crisis."

"Don't worry, I will never force you, and I dare not force you." "Mr. Li, in my estimation, the acquisition of Wharf Holdings will still require several hundred million, or even more than one billion. It will be difficult with your current strength, even if I help you." Bao Yugang was pessimistic.

"Bao Sheng's words are good advice, but I still want to give it a try." Li Wendi laughed, "In 71, I was just a gangster, but in 72, I owned my first listed company and was worth tens of millions. In 73."

Li Wendi recounted his past events, "Who could have known that I would not have more than 1 billion in funds two years later?"

After hearing these words, Bao Yugang remembered that the young man in front of him was not an ordinary person. It took others more than ten years to make a fortune, but Li Wendi only had two or three years. It seemed that common sense could not be used to guess.

After thinking it over again and again, Bao Yugang decided to make friends with the young man in front of him. As for the acquisition of Wharf Group, he would talk about it later. He certainly would not jump into the trap when things were impossible to do.

"Okay, Mr. Li! I can help, and I will definitely help. We are all Chinese, and we should support each other." Bao Yugang said.

"Thank you for giving birth!" said Li Wendi.

Bao Yugang waved his hand, "It's just a matter of mutual benefit. There are some problems with the operation of Kai Tak Real Estate Company. Can we acquire it in good faith?"

Bao Yugang still didn't want to attract criticism. Even though he was not the one who acquired the company, Kai Tak Properties was eventually handed over to him. Anyone with a discerning eye could see it clearly, so he tried his best not to have a bad reputation.

"Don't worry, Mr. Bao. I will definitely act with caution." Li Wendi then discussed with Bao Yugang about the successful acquisition of Kai Tak Properties, how to transfer it to Bao Yugang's name, how to minimize the impact, and what price Bao Yugang would need to pay to Li Wendi.

Bao Yugang was very generous and firmly stated that he would purchase the property at a 3% premium over the price paid by Li Wendi.

Li Wendi remembered that Kai Tak Property Company in his previous life was acquired by New World Development Company in 76 by exchanging shares or directly paying cash. The share exchange was one share of Kai Tak Property Company for one new share of New World Development Company. It is conceivable that Kai Tak Property Company was of high quality.

Cheng Yutong of New World Development Company has never been fond of seizing other people's companies. Although this is a well-intentioned acquisition, it still does some damage to Cheng Yutong's reputation. This also shows the temptation of Kai Tak Property Company from the side.

Of course, Li Wendi also wanted to swallow up Kai Tak Properties. As for whether it would be unfair to Zheng Yutong, Li Wendi had a clear conscience. After all, Zheng Yutong had not taken action yet, so it could not be considered as "a gentleman taking away what others like".

The most valuable asset of Kai Tak Property Company is Kai Tak Building in the urban area of ​​Kowloon, and the rest are industrial buildings, shops and the like.

What is most attractive is the construction company under Kai Tak Property Company, which has extensive experience in building commercial buildings, industrial buildings and residential buildings, which can be fully utilized in future land development.

This is also what Bao Yugang and Zheng Yutong really want, because the older generation of businessmen all adhere to the principle of "goods are like wheels", and of course they also want to have treasures to pass down from generation to generation.

Therefore, Cheng Yutong seized the New World Centre in Tsim Sha Tsui and the future Wan Chai Convention and Exhibition Centre, and in his previous life, Bao Yugang spent a lot of money to acquire Hutchison Whampoa and Wheelock.

(End of this chapter)