Started from Hong Kong Island

Chapter 286 284 [Dasheng Real Estate]

Changxin Real Estate Company
Li Wendi sat on the chair with a gloomy face. Ever since he successfully acquired Wharf Holdings, he has been wanting to eliminate some enemies. He would directly resolve those that could be turned into friendship, and directly suppress those enemies that were weak. In addition, he would not add new enemies for the time being. Everything would have to wait until Wharf Holdings was completely swallowed up before deciding on any of them.

However, Zhao Hongcheng and Zhang Wentao were a little too proud of themselves. Although it was Li Wendi who sent them to purchase property and land near the Causeway Bay Tramway Company's repair shop, he did not allow them to act so rashly and come into conflict with Hysan Development Company.

Li Wendi was also a little confused. Logically speaking, the Li family's main nest was in Hysan Avenue and Yun Ping Road in Causeway Bay. Although there were two large pieces of land, Lipton Centre and Lee Theatre Plaza, on Matheson Street, Hysan Development Company did not expand in these two places. How come they were directly involved now?

Zhao Hongcheng seemed to see through Li Wendi's thoughts and explained, "The land at 77 Lipton Road, Causeway Bay is in a triangle shape. Most of the land belongs to Hysan Development Company, and a small part belongs to other owners. If the entire piece of land is integrated, the value will more than double."

"Hysan Development currently occupies about 77 square feet at 2.5 Leighton Road, and the entire land is 4.2 square feet. If we take over the land on one side of Matheson Street, which is 1.7 square feet and is across the street from the repair shop, and build a flyover, the value can be doubled."

Li Wendi remembered that the Leighton Centre in its previous life was jagged in shape, and the triangle was not completely occupied by Hysan Development Company. As for the reason, Li Wendi was not sure, but based on the nature of the Li family, this 1.7 square feet of land might not be so easy to acquire.

In fact, Li Wendi just wanted to take over all the land near the repair shop in Causeway Bay and build a super-large commercial center, so that he could collect a lot of rent in the future.

In the previous life, the land of the repair shop was used by the son-in-law of a shipping tycoon to build the famous Times Square. The total investment was 24 billion yuan, and it was completed in 94. The rent in the first year was as high as 9 million yuan. In the 21st century, the annual rent was as high as 20 to 30 billion yuan. The market value is estimated to be 700 to 800 billion yuan. It is one of the most valuable buildings in Hong Kong, and the property rights are 999 years.

If the land next to it were acquired and a similar shopping mall or commercial building was built, the value would probably directly increase to more than 100 billion yuan.

"Apart from the problems with Hysan Development Company, were there any other problems in the acquisition process of this land?" Li Wendi asked thoughtfully.

"The remaining 1.7 square feet have been used to build buildings. There are a lot of property rights businesses, and it is very difficult to acquire them. In addition, some owners are no longer in Hong Kong and have moved to other countries," Zhang Wentao replied.

Li Wendi nodded slightly. No wonder the Hysan Development Company in his previous life gave up the acquisition of the remaining 1.7 square feet of land. It turned out that it cost so much manpower and material resources. If that was the case, he would have backed out because it was not worth it.

"Let Hysan Development Company do it first, and we'll wait and see what happens. At the same time, we need to find out the whereabouts of these owners so that it will be easier for us to do things in the future." Li Wendi still felt that they should wait and see first.

"Yes!" the two said in unison.

"What about the other side of Shadong Street?" Li Wendi looked up and asked again.

"Many companies have completed the acquisition, and there are still scattered plots of land available for competition." Zhao Hongcheng answered with a somewhat grim expression.

Li Wendi sighed, thinking that he was still a little slow. If he had acquired the company before the tunnel opened in 72, it would have been much easier. But at that time, he had no idea that he could take over the Wharf Group, and funds were also very tight.

"Is there any way to get it from those companies?" Li Wendi still didn't give up.

Zhao Hongcheng said, "We can give it a try. Maybe we can get it, but if someone takes the opportunity to ask for a high price, we may spend a lot of money."

The emergence of "nail buildings" (nail households) is quite common, but most real estate companies dare not set up "nail buildings" because others will also use "nail buildings" to deal with them.

"Do what you can. If you can take them down, take them down. If they ask for too much, forget it." Li Wei said calmly. There was really no need for that. There would be plenty of crises to come, and we should be able to snatch them from those people.

"There is one more matter that requires your decision." Zhang Wentao said, his eyes darting around at Li Wendi.

"Go ahead!" Li Wendi waved his hand.

"Dasheng Real Estate Company has made malicious bids on property acquisitions many times. The boss of Dasheng Real Estate Company, Ma Jincan, even threatened that you are just lucky and cursed a few times. The matter has spread among peers." Zhang Wentao said with some guilt.

Hearing this, Li Wendi frowned. He had some impression of this Ma Jincan. He was one of the "five richest men" in the 60s. Even in the mid-70s, he was not weak. He was a capable man. Could it be that he was old and confused? Why did he curse in public?
Ma Kam Chan was a great man of the generation of Ho Sin Hang, the founder of Hang Seng Bank. He started his career by speculating in gold, opened a bank, and finally entered the real estate industry. He was known for his sharp vision in business, good at seizing opportunities, and implemented the principle of "taking what others abandon". He was successful in every shot and gained huge wealth, becoming a super-rich man.

Today, he is worth over 73 million yuan. His family's real estate company, Dasheng Real Estate, was listed in . As for another company, Dasheng Bank, it has not been listed, but it is still standing. Because of Ma Jincan's unique vision, Dasheng Bank has avoided every Hong Kong banking crisis.

Ma Jincan entered the real estate industry very early. From the mid-50s to the mid-60s, he built 30 buildings in nearly ten years with a total value of more than 5 million yuan. According to the current market value, it should be worth million yuan.

The current business scope of Dasheng Real Estate Company includes rental housing, warehouse management, property investment and development, and the company's operations are excellent.

Ma Jincan's family seems to be very powerful, but Ma Jincan is arrogant and has few friends but many enemies.

Li Wendi remembered that in his previous life, Medison Securities and Sin Chew United Industrial Company, both owned by the Qiu Degen family, had twice acquired and challenged Dasheng Real Estate Company. Although this happened after Ma Jincan's death, it proved that Dasheng Real Estate Company was not unbreakable.

Li Wendi was thinking about how to get back at Dasheng Real Estate Company. Although the Ma Jincan family had a relatively firm control over Dasheng Real Estate Company, a failure in the acquisition war might not be a real failure. For example, Liu Luanxiong had sniped China Coal Company in his previous life and made a lot of profits. Li Zhaoji saved China Coal Company but suffered heavy losses.

Therefore, Li Wendi did not really want to acquire the company. He was just sniping. Moreover, it was a "well-intentioned" sniping. After all, it was Ma Jincan who made the bold statement first.

Besides, Li Wendi is really short of money recently, so he can get money from Dasheng Real Estate in a legitimate way. Why not do it!
"Wentao, go collect some information about Dasheng Real Estate Company. The more detailed the better." Li Wendi instructed.

"Okay, Boss!" Zhang Wentao knew that his boss was going to take action against Dasheng Real Estate Company.

Zhao Hongcheng was about to say something, but when he made up his mind to speak, he was stopped by Zhang Wentao.

Li Wendi naturally noticed the secret affair between the two, but he would not care. Once he did, the balance would be broken.

After the two left, Li Wendi immediately called Sun Hung Kai Securities. "Hello! This is Li Wendi! Mr. Hu, what is the current share price of Dasheng Real Estate? How many scattered shares are there? What is the market value?"

Five minutes later, Hu Jinyan's voice came over the microphone, "Mr. Li, the share price of Dasheng Real Estate Company is 2.7 yuan, with a total share capital of 1 million shares and a market value of 2.7 million. There are approximately 1200 million shares on the stock market, accounting for 12%."

“How much money do I have in my account?”

“About 200 million!”

"Okay, first help me secretly buy the stocks of Dasheng Real Estate Company and don't let anyone find out." Li Wendi instructed.

After hanging up the phone, Li Wendi thought about it carefully, stood up and went to the Bank of China.

His purpose was simple, to obtain a loan of 1 million by pledging part of the shares of Wharf Holdings and China Gas Company.

Of course, William of Citibank quickly agreed to Li Wendi's request. After all, the stocks of Wharf Holdings were of very high quality.

After obtaining the loan, Li Wendi immediately injected the funds into the account of Sun Hung Kai Securities and asked Hu Jinyan to increase his secret purchase efforts.

Li Wendi didn't want the 1 million loan to generate too much interest. It was really distressing to have the profits swallowed up by the interest. He was also afraid that the situation would get worse and that Ma Jincan would find some clues.

(End of this chapter)