Started from Hong Kong Island

Chapter 279 277 [Conditions]

Li Wendi mobilized 1 million yuan of funds to secretly purchase shares of Hutchison Whampoa Company. This fund included 3600 million yuan borrowed from the charter king.

Li Wendi has considered starting from the shareholders, but the premium is inevitable, and the ordinary premium can no longer satisfy these people. It is possible that the premium will need to exceed 50% or even 100%, which is difficult for him to afford.

In fact, the Swire Properties had the same idea. Since they could acquire part of the shares from the stock market, they could spend less money there.

The shareholders and the board of directors are well aware of the fight between Li Wendi and Bao Fuda. A decent takeover war is about to break out. For them, this is a once-in-a-lifetime opportunity, a good chance to make money, so how can they let it go easily?

The excessive move by the Hong Kong Land Development has attracted the attention of some interested parties. There are already rumors in the market that "Changxin Real Estate Company wants to compete with the Hong Kong Land Development for the controlling rights of Wharf Holdings", but the scope of dissemination is relatively small for the time being.

Of course, not everyone is willing to believe this kind of "rumor", because if Cheung Kong Properties wants to "swallow" Wharf Holdings, it is still not strong enough. The market value of Wharf Holdings is 10 times that of Cheung Kong Properties, and it would choke to death if it tries to swallow it.

However, as the scramble for shares in the stock market intensified, these people had no choice but to believe it.

After several days of reckless buying, Li Wendi purchased more than 200 million shares, and his shareholding ratio was almost close to 23%, which was still some distance away from the Swire Properties.

In the trading hall of HSBC, Wu Xiong came to invite Li Wendi to the dinner on behalf of the boss Shen Bi. Wu Xiong reminded Li Wendi that they might discuss the acquisition of Wharf Holdings. Newby of Jardine Matheson and Bao Fuda of Hong Kong Holdings had met with Shen Bi together. No one knew what they talked about, but they could guess roughly.

Hearing this, Li Wendi frowned. In his previous life, Li Huanggua was also stopped by Shen Bi when he tried to acquire the Wharf Group. Li Huanggua gave Shen Bi face and stopped immediately, but transferred all his shares to Baochuan Wang, making Baochuan Wang owe him a huge favor.

It has to be said that Li Huanggua's business acumen and social skills are both excellent. With just one deal, he earned two huge favors.

However, Li Wendi did not want to let go, because he was not Li Huanggua, and Shen Bi would not hand over Hutchison Whampoa to him. At most, he would help him take over Wheelock. Moreover, Shen Bi had already focused his attention on Li Huanggua, and he was destined not to get Shen Bi's full support. In this case, Li Wendi had to bite the bullet and take over the Wharf Group.

The Peninsula Tsim Sha Tsui
Shen Bi was naturally a foreigner, and his name was just a transliteration, similar to his Chinese name.

Shen Bi used to be a soldier. He has a very burly figure, like a fitness coach.

From the moment he greeted Li Wendi, he looked at Li Wendi with a sharp gaze, without any embellishment.

"Mr. Li, let me get straight to the point. I don't like beating around the bush." ​​Shen Bi smiled slightly. "The boss of Jardine Matheson and the boss of Hong Kong Land Development, Bao Fuda, want me to be your middleman to mediate the acquisition of Wharf Holdings."

"I really like to speak directly to the point. I am very happy that you can be the mediator, Mr. Shen Bi." Li Wendi smiled and said, "What conditions did Mr. Niubijian and Mr. Bao Fuda put forward?"

"They are willing to buy all of Mr. Li's Wharf Holdings shares at 120% of the market price," said Shen Bi.

Li Wendi laughed and said, "I'm sorry! A 20% premium seems insincere to me. Mr. Shen Bi should know the cash I spent on Wharf Holdings. If I used this money to buy stocks and local markets at the bottom, I'm afraid the return rate would be more than 20%."

Shen Bi had already learned about all of Li Wendi's deeds before coming here. He was of course a little surprised, but he still didn't think that Li Wendi had the ability to acquire Hutchison Whampoa.

The conditions of Jardine Matheson were indeed a bit low, so Shen Bi mentioned the second plan proposed by Newby, "Okay, then Mr. Li, please consider the second plan. The stock premium is 10%, and Hong Kong Land will sell the 5.7 square feet of land near the sea in Causeway Bay to you, Mr. Li, at the market price."

Li Wendi still shook his head. "These conditions are still too low. I'm not asking for too much. Compared with these conditions, Wharf Holdings is really not comparable."

"Mr. Li, Hong Kong Land is very powerful. You and your companies are no match for it. Why bother to offend Hong Kong's largest real estate company for such a low success rate?" Shen Bi saw that Li Wendi was still unmoved, and continued, "If Mr. Li is willing to give up the acquisition of Wharf Holdings, HSBC is willing to assist Mr. Li in acquiring another large company, or provide Mr. Li with a large amount of loans to develop his companies."

This is the best result reached by Shen Bi, Niu Bijian and others.

"So what does Mr. Shen Bi think of Wheelock Group?" Of course, Li Wendi wanted to discuss the company to be acquired now instead of trusting Shen Bi's character.

There is a saying in the past life: "When you borrow money, you are the father. When you pay back the money, the debtor is the father."

Li Wendi is now at this point in time. He can temporarily become the "father", but after things are over, Shen Bi will be the father.

Shen Bi understood what Li Wendi meant, but Shen Bi did not believe that Li Wendi had the ability to manage the talent team of Wheelock Group because Li Wendi was too young and his foundation was too weak.

Shen Bi said, "Wheelock & Company is one of the four largest companies in Hong Kong and is very powerful. Mr. Li's pressure to acquire Wheelock & Company is probably much greater than that of acquiring Wharf Holdings. Does Mr. Li not trust HSBC?"

Li Wendi smiled and said, "Mr. Shen Bi, it's not that I don't trust HSBC. I only trust myself. I don't even trust my mother. What do you think, Mr. Shen Bi?"

"Haha!! It seems that Mr. Li is a very suspicious person." Shen Bi's smile began to fade. "Mr. Li, HSBC is very powerful in Hong Kong, so powerful that Mr. Li can't imagine it. Why don't HSBC help Mr. Li acquire China Gas Company? It is also an extremely high-quality company, and the annual profit dividends are amazing."

"China Gas is a high-quality company, but it cannot be compared with Wharf Holdings. If Hong Kong Land can pay me an extra 2 million in profit, I promise to immediately let go of Wharf Holdings' acquisition." Li Wendi said with a faint smile. Shen Bi suddenly frowned. 2 million in funds was an astronomical figure. At the beginning, Hutchison Group lost 2 million and almost went bankrupt.

"Mr. Li, your request is too high. How about paying an extra 2000 million in profits?"

Li Wendi shook his head and said, "This is my final condition. Mr. Shen Bi, you may want to ask Mr. Newbijian first. I can wait slowly."

Seeing that Li Wendi was unmoved, Shen Bi knew that the conversation could not continue. At first, he thought that Li Wendi was a young man and it would be easy to deal with him, but in the end he failed. Shen Bi was a little annoyed that Li Wendi did not give him face.

After leaving the Peninsula Hotel, Li Wendi immediately went to the Canadian Commercial Bank to meet Bond.

"Mr. Li wants to borrow 1 million yuan from a commercial bank without any collateral?" Bond hesitated. "This is not in line with the bank's procedures."

"Mr. Bond, isn't the North Point Sai Sai Lake project worth 26 million? Even if it's not worth it, what about the square feet of land on King's Road?" Li Wendi said, spreading his hands.

Bond obviously didn't want to lose Li Wendi as a client, so he said, "I'll go ask the headquarters. Mr. Li, please wait a moment."

Li Wendi nodded, but he was very worried in his heart. If he couldn't get the loan, the acquisition of Wharf Holdings would probably fail. Moreover, now was a critical moment. Something would soon happen at HSBC. After all, they had offended Shen Bi.

Half an hour later, Bond came out with a smile on his face and said to Li Wendi, "Congratulations, Mr. Li! The headquarters has agreed to lend you 1 million yuan, with an interest rate of 11% and a term of 2 years. What do you think, Mr. Li?"

"Okay, then thank you Mr. Bond! I will strengthen cooperation with commercial banks in the future." Li Wendi said with a smile.

"Haha!! It's a win-win situation for us." Bond is very optimistic about Li Wendi as a client, a huge potential stock. As long as he is lucky, he will also get a lot of benefits.

After leaving the Canadian Commercial Bank, Li Wendi hurried to the Citibank Bank and waited for more than half an hour before meeting William, the head of the Hong Kong branch.

Li Wendi concisely expressed his intention to apply for a loan. This time he took out several plots of land and properties as collateral, such as a 2.8 square foot plot of land in Tsim Sha Tsui, and got a loan of 1 million.

At the same time, HSBC informed Li Wendi that they suspected there was a problem with his funds and asked Li Wendi to produce specific financial statements for HSBC to review, otherwise Li Wendi would have to repay all loans from HSBC within one month.

Of course Li Wendi had thought of this step, but he didn't expect Shen Bi to change his attitude so quickly, without even giving him time to react.

Li Wendi also immediately went to HSBC and transferred all securities investments in the HSBC trading hall. All funds in HSBC were also transferred to CITIC Bank. As for those loans, he was not in a hurry, after all, there was still a month.

Wu Xiong looked reluctant, but the deterioration of the situation was beyond his imagination, and he seemed to be a participant in it (passing the message).

"Mr. Li, the real estate company has increased its efforts to acquire stocks. You must find a new operator as soon as possible, otherwise the gap in shareholdings between you will widen." Wu Xiong reminded Li Wendi.

"Thank you Mr. Wu for the reminder! See you later." Li Wendi had a faint smile on his face.

Li Wendi spent an afternoon transferring all of HSBC's stock and securities to Sun Hung Kai Securities.

"Mr. Feng, nice to meet you. Please take care of me!" Li Wendi shook hands with Feng Jingxi.

Feng Jingxi laughed and said, "Mr. Li, you are too polite. Mr. Li's name is well-known. Even Shen Bi, the boss of HSBC, was defeated in front of you."

"Shen Bi got humiliated, but I got into a lot of trouble." Li Wendi said with a wry smile.

Feng Jingxi changed the subject and said, "Mr. Li, we have started to buy Wharf Holdings' shares for you. You currently own 23% of Wharf Holdings' shares. There are still many scattered shares on the stock market, but the share price has risen to 5.2 yuan, and Hong Kong Land Holdings holds about 28% of Wharf Holdings, a difference of 5%."

"Mr. Feng, I will inject all the 2 million loan funds I raised into the account. Please help me narrow the gap or even overtake me," said Li Wendi.

"Mr. Li, there are limits on the amount of shares you can buy from the stock market. It would be better to start with the shareholders. Perhaps this way you can gain the upper hand," Feng Jingxi suggested.

"Okay, Mr. Feng, please help me contact those shareholders, but I have to find some shareholders with big opportunities first."

"That's natural." Feng Jingxi responded seriously. He hoped that Li Wendi could successfully acquire Wharf Holdings, so as to suppress the arrogance of the British company.

(End of this chapter)