Started from Hong Kong Island

Chapter 272 270 [Asking for Trouble]

Lu Qiwu quickly convened a board meeting of Kai Tak Real Estate Company, with all directors present. Lu Qiwu presented Li Wendi's plan.

Of course, some directors would raise objections. Why would Mingcheng Real Estate, which is not as strong as Kai Tak Properties, cooperate with Li Wendi? Couldn't they find a better backer?

Lu Qiwu stated the reason for cooperating with Li Wendi. He was impressed by Li Wendi's abilities and the fact that Li Wendi's company owned a large number of properties in Central. Even small commercial buildings were quite valuable. Preliminary calculations showed that the properties in Central held by Li Wendi were worth 2 million yuan, not including other properties.

More importantly, it has only been four years since Li Wendi rose to prominence. If he is given another four years, no one can predict how far he can develop.

The director also pointed out that they originally wanted to find a more stable backer, but Li Wendi seemed to be more adventurous in doing things, which was not quite consistent with their original idea.

Seeing this, Lu Qiwu could only say what Li Wendi said. He suspected that Li Wendi was making the acquisition for someone else. As for the person who could drive Li Wendi, it was conceivable that the person behind him could not be a small figure.

These words made the directors think deeply. They felt that Lu Qiwu's analysis made sense, but it was also uncertain.

It was not until Lu Qiwu mentioned the signing of the commitment agreement that the directors tacitly accepted Li Wendi as the new owner.

This is also due to Li Wendi's reputation in the business world, as well as the strong strength of the Changxin Group.

The acquisition was approved smoothly at the board meeting, even though some directors were reluctant.

The news that Hefeng Enterprise was targeted by Nanfeng Textile United Company continued to ferment in the textile and garment industry, making many small companies reluctant to cooperate with Hefeng Enterprise. They turned to cooperate with other comparable companies, resulting in fewer and fewer orders for Hefeng Enterprise.

Fortunately, Li Wendi and the cartoon department of the Qinian Newspaper came up with cartoon-pattern clothing, which brought some vitality to the Hefeng Enterprise. However, this method cannot last long because the market will eventually become saturated.

Li Wendi couldn't count on Huang Lixin and Zhao Yazhi. Even He Qijun didn't have any substantial suggestions. He could only come up with a solution on his own.

As for those company employees, there are quite a lot of them, but unfortunately there is not a single Zhuge Liang among them.

After thinking for a long time, Li Wendi felt that he should look for other sources of business, such as the agency rights of medium-sized clothing brands. As for the agency rights of first-class clothing brands, Li Wendi believed that Hefeng Enterprise did not have such strength.

Therefore, in the next few days, Li Wendi contacted and visited the branches of those brands in Hong Kong. At first, those branches refused to cooperate with Hefeng Enterprise. Later, Li Wendi changed his mind and took the initiative to reduce the price, reducing the original profit to 3%. Such an attractive profit concession enabled Hefeng Enterprise to obtain orders for the next six months, and Li Wendi got a new idea to revitalize Hefeng Enterprise - to create a new brand of his own.

This new brand is specifically designed to meet the needs of middle- and lower-class citizens. It does not require Hefeng Enterprise to set up a design department. Like the clothing factory in 71, it only makes minor changes, mainly to ensure that the quality is similar to that of branded goods, and strives to achieve small profits but quick turnover.

In fact, Li Wendi did not expect the garment company to make much profit, but only hoped that the garment company could open up a market for cooperative land development for the real estate company. However, this cannot be done now because of the existence of the enemy Nan Fung Textile United Company. Hefeng Enterprise cannot get up for the time being, and other peers dare not approach it.

So Li Wendi believed that the company could survive, and he could turn around to deal with Nan Fung Textile United Company only after he finished the tasks at hand.

Although he could do nothing about Nanfung Textile United Company in the textile and garment industry, Li Wendi could still start from the real estate market. After all, Changxin Real Estate was much stronger than Nanfung Textile United Company in the real estate industry.

The acquisition of Kai Tak Property Company was soon launched. The initial plan was that Ming Cheng Real Estate Company would acquire 4% of the shares from four shareholders, and the remaining 14% would be carried out in the form of stock swaps, with 33 new share of Kai Tak Property Company being exchanged for 1 new shares of Ming Cheng Real Estate Company.

As a result, some shareholders took the opportunity to withdraw from the board of directors of Kai Tak Property Company, and the shareholdings of most shareholders were reduced. Ming Cheng Real Estate Company became the largest shareholder of Kai Tak Property Company.

The number of Mingcheng Real Estate Company shares held by Li Wendi has also decreased significantly, but he is still the largest shareholder of Mingcheng Real Estate Company, with only 1.2% of the shares away from the second largest shareholder, Kai Tak Properties.

Although such a situation was within Li Wendi's expectations, what happened next became very tricky. How to reduce Kai Tak Properties' shareholding in Ming Cheng Real Estate to the greatest extent possible? After all, Kai Tak Properties was just in his hands for a short period of time.

Things turned out to be unexpectedly troublesome. Having just taken over Kai Tak Properties, Li Wendi was hesitant to let Mingcheng Real Estate Company issue new shares again immediately. The target would naturally be Li Wendi and his companies.

Li Wendi doesn't want to let the charter king do 'buy one get one free', otherwise he would suffer a great loss.

So he went to Baochuanwang and explained the situation. Baochuanwang said that he was not in a hurry and they could wait until Li Wendi had dealt with the matter before making the transaction. He also said that he would retain a small portion of Mingcheng Real Estate Company's shares and most of them could be sold back to Li Wendi.

Li Wendi certainly believed in the charter king, but he believed in himself more. He also believed that this was a problem he had caused, so he should solve it himself. After the acquisition was completed, he had to publicize it vigorously to increase the stock price.

Li Wendi then convened a board meeting of Kai Tak Property Company to confirm his position in the company and announced some targeted plans after taking office, such as Kai Tak Property Company would work with Mingcheng Real Estate to develop some industrial land, and the profits would naturally be split 50-50.

It may seem that Li Wendi is at a disadvantage, but in fact, it is not the case. Firstly, Mingcheng Real Estate Company and Ducheng Real Estate Company hold a lot of industrial land and do not have extra funds for development for the time being. The rate of capital recovery is very slow. With the participation of Kai Tak Property Company, these projects will be mobilized. Secondly, the continuous release of good news will help to increase the share price of Kai Tak Property Company. At that time, more profits can be obtained from the hands of the ship charter king. At the same time, the ship charter king can get a better company. This favor has undoubtedly become much bigger.

The directors would certainly not object to these favorable plans. This would clearly take profits out of Li Wendi's pocket and put them into the hands of Kai Tak Properties, which would be of great benefit to them.

Some directors were very greedy. They knew that Li Wendi's company had snapped up a lot of warehouses in Sheung Wan and land in Causeway Bay, so they wanted Li Wendi to continue to make concessions. Lu Qiwu blushed when he heard this.

Li Wendi still explained calmly why Kai Tak Properties was not suitable to participate in these projects. In fact, Li Wendi was very angry. This group of people were clearly taking the opportunity to blackmail him.

It is not appropriate for Li Wendi, who has not yet established a firm foothold, to make a big fuss at the board meeting, but these directors will be punished in the future.

In the office of Changxin Real Estate Company

Lin Dongmei, a top student, actually sat on Li Wendi's lap and kissed Li Wendi on the face with a charming expression.

Li Wendi was also very surprised by Lin Dongmei's surrender, but under the gentle attack, Li Wendi's vigilance did not last long. Moreover, before starting, Li Wendi had said that it was impossible to give Lin Dongmei any status, and if anything happened, Li Wendi would not let her off easily.

Lin Dongmei understood Li Wendi's suspicion, but she had no intention of explaining. Instead, she became more aggressive towards Li Wendi.

When a girl chases a boy, there’s always a thin layer of gauze between them!
Li Wendi was not afraid. He already had Huang Lixin and Zhao Yazhi, so having Lin Dongmei didn't seem to make much difference. Moreover, Lin Dongmei was a capable assistant, who was not comparable to Huang Lixin and Zhao Yazhi. Therefore, Li Wendi planned to give part of the securities investment to Lin Dongmei (private investment).

Of course, Li Wendi also took precautions. Without his signature and telephone confirmation, no one was allowed to transfer his personal funds.

"The Hang Seng Index has climbed to 420 points. Many securities companies have begun to invest heavily in the stock market. Should we follow suit?" Lin Dongmei used a tissue to help Li Wendi wipe the lipstick marks off her face. Otherwise, if Li Wendi was seen going out, everyone would know about their secret affair.

"Changxin Real Estate had already bought a lot when the stock price was over 200 points, and the same is true for other subsidiaries." Li Wendi said lightly.

Lin Dongmei curled her lips and said, "I'm talking about your personal investment, not the company. How could I not know about the company's stock market investment?"

"Private stock market investment. I have already invested more than 7 million in the stock market, which is enough to make a big profit. If I invest in the stock market again, I am afraid it will affect the operation and emergency response of other companies (wholly-owned private companies)." Li Wendi took a breath at Lin Dongmei's neck. He liked the smell of perfume.

Lin Dongmei is different from He Qijun, Huang Lixin and Zhao Yazhi. Li Wendi feels more satisfied with his desire to conquer Lin Dongmei. After all, Lin Dongmei is more like a strong woman in the workplace.

"No wonder you're not worried about bottom fishing in the stock market. It should be earlier than the time when your companies bought in, right?" Lin Dongmei sat up from Li Wendi's arms, completely ignoring the exposure of her inner thighs.

"Yeah! I basically bought at the lowest point." Li Wendi nodded and said, "This money is thanks to your reminder of currency appreciation, otherwise I would not have such a sufficient cash flow."

"Really? Then shouldn't you give me some reward?" Lin Dongmei said, "How about I do private securities investment for you?"

"Okay, but the transaction requires my signature, which will be a bit troublesome for you to operate. Why don't I give you 200 million and you can invest it yourself." Li Wendi was still wary.

Lin Dongmei knew that Li Wendi didn't trust her, but she wouldn't point it out. "Then I'll take 5% of the profit as my service fee."

"Let's split the profits 50-50. The money we earn will be your pocket money." Li Wendi grabbed Lin Dongmei's tender hand.

"Then I thank the boss for his generosity." Lin Dongmei said with a smile.

(End of this chapter)