Started from Hong Kong Island

Chapter 271 269 [All for Kowloon Wharf]

Kai Tak Property Company does not have any major problems, except that its current share price is a bit low. Although its debt is not heavy, it still accounts for more than 4% of its assets. In addition, the board of directors is uncertain about the future prospects and is wary of the stock market and oil crises in 74, so they want to find a more powerful backer.

With a backer, Kai Tak Property Company will be more stable. Although the current boss will lose control of the company, the basic interests will be preserved. In the future, he can also extract some dividend profits from Kai Tak Property Company to ensure a good life in the future.

In fact, not all businessmen want to become big figures who lead the industry, because they have seen too many ups and downs, which have worn away their original sharpness, and all that is left is to maintain their original decent life.

The board of directors of Kai Tak Property Company should not be short of such people, otherwise in the previous life they would not have agreed to allow New World Development Company to become the largest shareholder by means of stock swap.

After discussing with Bao Yugang, Li Wendi met with Lu Qiwu, the actual controller of Kai Tak Properties, the next day to discuss the sale of Kai Tak Properties.

Although Lu Qiwu wanted to sell Kai Tak Properties, he was not blind and needed to choose a strong backer.

Lu Qiwu is a middle-aged man in his 50s. Although he has taken good care of himself, he cannot hide the traces of time, and his spirit is not much different from that of an elderly person.

"I have heard of Mr. Li's name for a long time. When I was in my 20s, I was still working for others, but Mr. Li has already become a leader in Hong Kong's business community. I envy him so much." Lu Qiwu is a veteran and is very familiar with flattery.

Li Wendi was also 'immune to all poisons' and said with a smile, "Mr. Lu, you are too kind. I am just an ordinary person, not much better than others. On the contrary, I admire people like Mr. Lu who can retreat at the height of their careers. This requires a lot of courage."

Li Wendi's words were half true and half false. The first half was false, for he was naturally proud of his achievements. The second half was true, for it took tremendous courage to retire at this time. People in their 50s were still in the prime of life. As long as Lu Qiwu put more thought into it, Kai Tak Properties could return to its peak state.

"What is there to admire? He's just an old man without any fighting spirit. He can't compare to a young man like you, Mr. Li." Lu Qiwu waved his hands, indicating that he was not worthy of such flattery.

"Young people will grow old one day, and what Mr. Lu did is a good choice." Li Wendi didn't want to dwell on this topic any more, so he got to the point. "Qi Tak Properties is a high-quality company, but I don't want to adopt the stock exchange method. Instead, I prefer to issue new shares or buy directly from shareholders. What do you think, Mr. Lu?"

Lu Qiwu's expression turned serious. "Mr. Li, this is not my personal decision. It is the decision of all the board members. I also think this is in the interests of both parties."

The stock swap method is somewhat similar to the mutual control method used by Jardine Matheson in the past, which controlled the company at the lowest cost and greatly increased the cost for outsiders to acquire it, because the acquisition case becomes two companies from one, and the difficulty is not a simple one plus one rule.

The benefit of this to Lu Qiwu and others is that it increases the dividend amount of Kai Tak Real Estate Company. After all, with the dividends of two companies, they can also gain some status at the same time. The new controller will consider the cost of abandoning them, which is extremely good for them.

But it was disadvantageous for Li Wendi, because Kai Tak Property Company did not fall into his hands in the end. Although he could make some money from it, Kai Tak Property Company would hold the shares of his companies, which was not very good for his situation. If he wanted to strengthen his equity control over the original company, he still needed to acquire more stocks from the stock market, which was another capital expenditure.

The profits of this plan will be discounted.

"Mr. Lu, I understand the directors' ideas, but I also have my concerns. Why don't we each take a step back? I will send someone to contact the directors. If anyone wants to sell shares, I will take them. I roughly calculated before I came here. I only need to get 47% of the shares, which is enough. As for the difference, we can use the method of stock exchange."

Li Wendi continued, "The company that will be swapped will be my Mingcheng Real Estate Company. How about that?"

Mingcheng Real Estate Company is naturally not the best company under Li Wendi, but it is not bad in all aspects. The key is that even if Li Wendi loses Mingcheng Real Estate Company, the industrial chain will not be seriously affected.

However, Lu Qiwu was quite familiar with Li Wendi's companies, and of course he was aware of Mingcheng Real Estate Company's status in the Changxin Group, which was neither high nor low, so there would not be too much trouble in giving it up.

"No, it must be at least Zhongyu Real Estate Company or Changxin Real Estate Company. Mingcheng Real Estate Company's qualifications are not as good as Kai Tak Real Estate." Lu Qiwu refused immediately. He suspected that Li Wendi did not really want to acquire Kai Tak Real Estate, but wanted to use Kai Tak Real Estate to achieve certain goals.

“Although Mingcheng Real Estate is managed by Metropolitan Real Estate, it is strictly speaking the pioneer of my company. Now it has made good progress in industrial buildings and will become the leader of Changxin Group in the field of industrial properties in the future. This is also in line with the development direction of Kai Tak Properties.”

Li Wendi defended himself by saying, "Zhongyu Real Estate Company is developing in the direction of commercial buildings, residential buildings, and shops, which is somewhat different from the development direction of Kai Tak Real Estate Company and will also disrupt the development plan of the Changxin Group."

"I know what Mr. Lu is worried about. I can assure Mr. Lu and the board of directors of Kai Tak Properties that even if I want to sell Kai Tak Properties, I will choose a company with a stronger background than Mingcheng Real Estate. If the board of directors is not satisfied, I will not force it, let alone use equity to suppress it."

"Mr. Li, it's not that I don't trust you, but people's minds are hard to predict. I must always seek a broad path for Kai Tak Properties." Lu Qiwu said politely, but in fact he wanted Li Wendi to make his statement a reality.

Li Wendi smiled and said, "What I just said can be written into the contract. If there is a dispute in the future, it will be easier for us to keep our promise."

Li Wendi certainly didn't believe that Lu Qiwu and his gang were dissatisfied with Global Shipping and Bao Yugang, so they would say such shamelessly.

Lu Qiwu couldn't agree immediately, so he pretended to hesitate and said, "Since Mr. Li has said so, I will go back and try to convince the board of directors. Please wait for two days." "Okay! I will wait for Mr. Lu's good news."

"Bang!"

The two glasses clinked together and they both took a sip of their drinks.

The news that Li Wendi was discussing an acquisition with Kai Tak Properties spread like wildfire. Those real estate developers who had their eyes on Kai Tak Properties began to regret not taking action earlier. This was a good opportunity to expand their businesses.

A white ball on the golf course falls in a parabola next to the small flag. It seems not far from the hole, but it is actually quite difficult to hit the ball.

"I didn't expect that you would be one step ahead of me. Kai Tak Real Estate Company is indeed good." Zheng Yutong held the golf club and looked at the golf ball landing in the distance.

Li Wendi pretended to hesitate for a moment, then smiled bitterly and said, "If I knew that my uncle had set his eyes on Kai Tak Properties, I would definitely not have taken the initiative again."

Zheng Yutong waved his hand and said, "This is a business matter. There is no reason to give in. Whoever strikes first gets it."

Li Wendi said, "In fact, I also acquired Kai Tak Real Estate Company for others. If you think about it carefully, I have caused trouble for myself. I will have to find a way to increase my holdings in Mingcheng Real Estate Company."

"Buying for others?" Zheng Yutong was a little surprised. Who was Li Wendi? When did he become so humble?

"Yeah!" Li Wendi whispered in Zheng Yutong's ear, "He will provide some help when I acquire Wharf Holdings."

Zheng Yutong took a deep look at Li Wendi. This was a big plan. He didn't expect that Li Wendi could also establish a personal relationship with Bao Yugang. It seemed that Hutchison Whampoa Company would not be able to escape this disaster.

"It's a good deal. He values ​​his reputation too much. He could have negotiated the acquisition of Kai Tak Properties on his own. It was a friendly acquisition." Zheng Yutong told the truth.

"That's indeed the case, but since Kai Tak Properties did not invite him to acquire the company, how could he have directly taken part?" Li Wendi said calmly.

"Then when do you plan to take action against Hutchison Whampoa?" Zheng Yutong naturally wanted to get involved. Even if he only got some stocks, it would be a high-quality investment project.

"Maybe in another two years. The funds I have now are still not enough, so I will start raising funds next year." Li Wendi told some of the contents of the plan.

"Okay, I'll help you then. Weaken the strength of Jardine Matheson so that we Chinese can develop better." Although Zheng Yutong was wary of large British companies, he was also eager to challenge them. This was not a matter of malicious or not.

"Haha!! Thank you Uncle Tong! With Uncle Tong's help, Hutchison Whampoa will be doomed." Li Wendi said with a smile.

"Uncle Tong, what do you think of the land on Emperor Road that I own? Do you want to invest in it?" Li Wendi also needs to be worldly-wise.

Zheng Yutong's eyes lit up. With the support of Swire Group, he would definitely be able to make a lot of money from the 26 square feet of land on King's Road.

"How much can you give me?" Zheng Yu asked bluntly.

"30%, how about it?" Li Wendi raised three fingers with a smile on his face.

Originally, I planned to develop this piece of land later, but now I can only use it to buy favors from Zheng Yutong. This piece of land is nothing compared to Hutchison Whampoa.

"Okay! I'll let Achun come to your company to sign the contract." Zheng Yutong said with a smile.

Li Wendi nodded and said "OK", then he and Zheng Yutong started chatting about other things, with the caddy following behind.

This business is beneficial to both parties. Without Kai Tak Properties, Cheng Yutong can look for other companies and it is not necessary to choose Kai Tak Properties.

(End of this chapter)