Started from Hong Kong Island

Chapter 278 Chapter 276 [Raising Funds] (Subscription Request)
The issuance of new shares by Wharf Holdings under the chairmanship of Bao Fuda was unsuccessful, so the Hong Kong Land Development Company started a series of actions, and funds were mobilized very frequently, which made Li Wendi frown.

In the previous life, the Landmark Company in 78 was more powerful, but it did not mobilize much funds. Most of the funds were relied on bank loans to deal with the ship chartering king. This gave him an illusion that the Landmark Company would not tear down the west wall to repair the east wall. Now it seems that the strength of the ship chartering king is too strong and the cash flow is terrible, which makes the Landmark Company's strength appear much weaker.

After hearing the news, Li Wendi immediately checked the finances of various companies and found that the total funds were only more than 4000 million, most of which were used for bottom fishing, among which the cities and counties had the most bottom fishing funds.

In this situation, Li Wendi doesn't expect his company to be of much help to him and can only rely on himself.

So, Li Wendi approached Baochuan Wang, not to borrow money, but to sell Kai Tak Properties as soon as possible. As for the shares of Mingcheng Real Estate, Li Wendi planned to sign an agreement with Baochuan Wang and deal with the rest later.

Mandarin Oriental Hotel, Central
"Mr. Li, is he looking for me about Kai Tak Property Company?" The charter king said with a faint smile. It could also be about Wharf Holdings, but the probability is relatively small.

Li Wendi nodded and said, "Mr. Bao, you should have heard about the Wharf Corporation. I'm in urgent need of funds, so I hope you can take over Kai Tak Properties as soon as possible. Now you can be more legitimate."

Li Wendi needs to go to war with the Hong Kong Land Development, and it is also reasonable for him to sell the newly acquired Kai Tak Property to recover funds. After all, Li Wendi's investment in Wharf Holdings is far higher than Kai Tak Property Development, and how can Kai Tak Property Development compare with Wharf Holdings.

Therefore, not many people would think of the fact that Li Wendi had already conspired with the ship chartering king, which could dispel the ship chartering king's concerns.

The charter king thought for a moment and said, "Mr. Li, this seems like I am taking advantage of someone's misfortune. How about this? We sign an agreement privately, but Mr. Li will still be in charge of Kai Tak Properties. As for the transaction funds, I can give them to you within three days. How about that?"

"Okay, guaranteed birth! Then let's sign the agreement based on the current price." Li Wendi nodded.

Unexpectedly, the charter king shook his head and said, "No! According to the market price on the day of the successful transaction, you have helped me a lot. I can't take advantage of Mr. Li anymore. Just consider it as the management fee I pay."

"Okay, thank you for guaranteeing the birth!" Li Wendi said, "Then pay the current price first, and I'll make up the difference later."

"There are also shares of Mingcheng Real Estate held by Kai Tak Properties. I hope that after I withdraw, Mr. Bao can buy them back to me at the market price. What do you think?"

The charter king smiled and said, "Of course, but I would rather keep a portion of Mingcheng Real Estate Company's shares. As for how much, Mr. Li will have the final say."

Li Wendi felt that the charter king had no ill intentions and just wanted Kai Tak Properties to have a good investment.

"10% or so. This shareholding is more appropriate for Mingcheng Real Estate Company."

"Okay, let's go sign the contract now. Mr. Li, you are in urgent need of money. It would be bad if we delay." said the ship charter king.

The two walked out of the hotel side by side, but someone immediately reported the news of Li Wendi's meeting with the boat charter king to Bao Fuda.

Bao Fuda naturally suspected that Li Wendi and Bao Yugang were conspiring to deal with the Hong Kong Jardine Matheson Group. Bao Yugang was not Li Wendi. Bao Yugang had a large amount of cash flow. Once he took action against the Wharf Group, the consequences would be disastrous. After all, Li Wendi alone had already made the Hong Kong Jardine Matheson Group a little overwhelmed.

Bao Fuda immediately made a phone call and asked his subordinates to speed up the fundraising process because they not only planned to purchase shares from the stock market, but also to persuade some shareholders to sell them, so as to consolidate the position and control of the Hong Kong Land Development in Wharf Holdings.

Due to the low share price of Kai Tak Properties, even if Charter King acquired the company at a premium, Li Wendi only received 3400 million yuan in funds, plus Charter King’s personal loan of 3600 million yuan, a total of 7000 million yuan.

Although the share price of Kai Tak Property Company still has room to rise, Li Wendi believes that he can no longer make much money because the transition period will not be too long. The charter king has agreed to become a director of Kai Tak Property Company, and he was invited by Li Wendi himself.

After getting the money, Li Wendi immediately went to HSBC, one to cash the check, and the other to acquire shares of Hutchison Whampoa.

"Okay, Mr. Li! I will arrange for someone to buy shares of Hutchison Whampoa Company immediately." Wu Xiong said seriously.

Although the news came out, the share price of Hutchison Whampoa Group has not increased much. It has only increased by 1.4 yuan in the past year. The current share price is 5 yuan, but Hong Kong Land Development has already begun to absorb it secretly.

Although there are many scattered shares in the stock market, if the two companies absorb them together, it won’t be long before investors discover the problem.

"Don't pay too much attention to the stock price. Buy large shares directly. If you run out of funds, notify me immediately," Li Wendi instructed.

After getting Wu Xiong's answer, Li Wendi left HSBC again. It would be useless for him to stay here for the secret purchase, after all, the two parties had not announced the acquisition yet.

Kai Tak Properties Board Meeting
Li Wendi convened a meeting as chairman of the board of directors and verbally expressed his hope that all directors would attend. Those directors were also happy to give the new chairman some face.

Many directors had never met Bao Yugang, so they were very interested in the man sitting to the lower left of Li Wendi. Some of them wanted to know who this guy Li Wendi brought with him.
"Everyone is here, let's get started." Li Wendi looked at Bao Yugang and introduced him with a smile, "Let me introduce you to everyone. The person next to you is Mr. Bao Yugang, the chairman of Global Shipping Company. According to American journals, the tonnage of Bao's ships has exceeded 1600 million tons, making him the world's true shipping king."

As soon as these words were spoken, all the directors present were shocked. This man was the pride of the Chinese people and the richest Chinese in Hong Kong. He was definitely a big shot.

Li Wendi looked around and continued, "Mr. Bao will serve as the executive director of Kai Tak Properties. What do you think?"

It looks like a question, but it's actually asking 'What do you think of my decision? Is it cool?'

"The fact that Mr. Bao can be the executive director of our Kai Tak Properties shows that we think highly of Kai Tak Properties. How can we have any objection?" "It is an honor for Kai Tak Properties to have Mr. Bao here."

All the directors were flattering him, and Bao Yugang bowed his hands repeatedly and said modestly, "Thanks to all of you for giving me face. I am just an ordinary businessman."

Lu Qiwu was very interested. It turned out that the buyer Li Wendi was talking about was this big shot in front of him. Kai Tak Properties was going to take off. Maybe it could become as big as the Hong Kong Land Development.

In fact, many of these directors have guessed that Kai Tak Property Company will soon change hands, and the future controller will be the ship charter king in front of them. It seems that Li Wendi has not broken his promise.

"It has been almost a month since the last board meeting. The company decided at that time to buy industrial buildings and other properties at a bargain price. Now the company's debt ratio is as high as 58%, about 15% higher than before. We have purchased four small and medium-sized industrial buildings, which have increased the company's monthly rental income by more than 4 yuan," Li Wendi explained the company's current situation to the board members.

"The debt ratio is close to 6%. Isn't it too dangerous?" a director asked with some concern. "If there is another sharp drop, the company may be in danger of bankruptcy and liquidation."

"What Mr. Qian said makes sense, but everyone should have noticed that many companies are now buying properties and land at the bottom, and some companies have even launched large-scale acquisitions, especially British companies. Aren't they worried about a sharp drop?"

Li Wendi glanced at everyone and continued to explain, "Kai Tak Properties is unable to initiate an acquisition, but it is possible to buy industrial properties and land at a low price. Being a real estate developer is a risky business. We can't expand our scale by relying on that little bit of rental income. If we do that, Kai Tak Properties will sooner or later become someone else's meal."

The main topic of this meeting was to introduce Bao Yugang, and the other topics were merely to report some of the company's situations so that the directors would have a clear idea.

At the same time, Bao Yugang also witnessed Li Wendi's tyranny. In just one month, he had taken over the board of directors of Kai Tak Properties.

After the meeting, Li Wendi invited Lu Qiwu and Bao Yugang to his office to discuss some things.

"Mr. Lu, to be honest, Mr. Bao will be in charge of the company from now on. I think you have guessed something." Li Wendi smiled and said, "Mr. Bao will gradually take over the company's affairs. I will be very busy recently, so these things still need Mr. Lu's assistance."

Li Wendi had to keep an eye on the developments of Hong Kong Land and Jardine Matheson Holdings and had no time to be in charge of Kai Tak Properties, so he had to let the former chairman Lu Qiwu do it.

"Okay, then I'll have to ask Mr. Bao for your guidance." Lu Qiwu naturally wanted to cherish this opportunity. Establishing a personal relationship with Bao Yugang was an opportunity that others could not even ask for.

"Mr. Lu, you are too polite. I don't know much about real estate affairs. I'm just a newbie and I'm old. Mr. Lu, please don't look down on me." Bao Yugang said half-jokingly.

"Bao Sheng is only in his 50s, still in the prime of his life. How can he be old?" Lu Qiwu laughed.

Li Wendi was too lazy to pay attention to the two old foxes practicing Tai Chi, but his mind was wandering, thinking about the affairs of Hutchison Whampoa Company.

Back to Changxin Real Estate Company
Li Wendi read the newspaper anxiously. At this time, the shares of Wharf Holdings were still being purchased secretly, so he could only wait for news.

He quickly frowned again and muttered, "Qingzhou Yingni Co., Ltd."

Li Wendi touched his chin and slowly recalled the information about the company and his past life.

Qingzhou Yingmud Company is a public, British-owned enterprise with a history of more than 100 years, but in fact it has never been well-known and is a second-rate British-owned company.

In the previous life, this company was first acquired by Li Chaoren, but not many wonderful stories were left behind, like the skill of floating on water, without many traces.

This is because the market value of Qingzhou Yingmu Company is only 6000 million yuan. Although its cement business is the largest cement supplier in Hong Kong, its equipment is old, its efficiency is extremely low, and its operating profit is not high.

It is now unable to meet the requirements of existing customers, so many foreign cement companies have entered the Hong Kong market to grab market share. Qingzhou Yingmu Company faces considerable challenges.

The most important thing is that Qingzhou Yingmu Company owns a 90 square feet industrial land in Hok Yuen, Hung Hom, which is of very high value.

Why didn't large British companies such as Hong Kong Land Development and Jardine Matheson Holdings take action against Qingzhou Cement Company?

The reason is that this land is for industrial use. If it is to be converted into residential or commercial land, a large amount of land compensation fee will need to be paid to the Hong Kong government, and a large amount of infrastructure will also need to be built. The funds involved are not a small amount.

Li Wendi was not worried about the land compensation fee. The capable Li Huanggua in his previous life proved that there were huge profits involved. He also learned a trick from Li Huanggua: take advantage of the real estate crash and negotiate with the Hong Kong government about the land compensation fee. This way, he could save a lot of land compensation fee.

The best time should be from 83 to 84. Choosing a period of lowest point, when the Hong Kong government was confused about the future of politics, the negotiations would surely go smoothly.

After acquiring Qingzhou Yingni Company, Li Wendi plans to develop residential and commercial buildings on this land to maximize profits.

Of course, now is not the best time to acquire the company. All this needs to wait until the affairs of Wharf Holdings are settled and Li Wendi has enough funds before he will choose to acquire the company.

Li Wendi still decided to send people to keep an eye on Qingzhou Yingni Company and Changjiang Industrial Company. Once he found any sign of trouble, he would take over Qingzhou Yingni Company even if it meant taking out a loan.

(End of this chapter)