Started from Hong Kong Island

Chapter 290 288 [Small Profit]

In September, the Hang Seng Index hovered around 9 points, sometimes falling a few points and sometimes rising a few points, which made investors nervous.

Although there are many acquisitions stimulating the stock market, they do not have much impact on the overall situation. Only some shareholders and investors have made a little money. For example, the acquisition of Wharf Holdings increased from 3.6 yuan to 15 yuan, an increase of 310%.

There are also some acquisitions that fail to stir up any waves, just like ordinary things. After all, they are not comprehensive acquisitions, and the acquired companies are not well-known or small in scale, so they do not attract the attention of most shareholders.

It is precisely these small-scale acquisitions that are the mainstream of the market. Large-scale acquisitions like the one of Wharf Holdings may not occur once in several years.

Li Wendi looked at the slowly falling share price of Wharf Holdings without any ripples in his heart. Now he understood why the Hong Kong Land Development Company gave the Wharf Holdings share price a cold shoulder.
First, Wharf's assets are of high quality, and its share price is too high, which is a bit eye-catching, like a pack of hungry wolves staring at a big sheep; second, the share price and market value do not have much effect on Wharf, because Wharf does not need to raise funds or issue shares to weaken its control over Wharf; third, Wharf can rely on its own financial resources to complete the construction of Harbour City. Once Harbour City is completed, Wharf will take off directly. After all, the properties of Harbour City are not much worse than those of the Landmark Kingdom in Central.

Now that Li Wendi is holding a rare treasure, he feels like many pairs of eyes are staring at him, wanting to rush up and snatch the treasure when he is not paying attention. He does not feel safe at all.

He knew that this was just a feeling. With a 46.1% stake in Wharf Holdings, no one could snatch the shares from him. Together with Cheng Yutong and Pao Yugang, the board of directors of Wharf Holdings became his back garden.

However, he only controlled some of the senior executives of Wharf Holdings, and most of them were still outside his control. His actual control over Wharf Holdings was very weak. But Li Wendi needed these people to maintain the normal operation of Wharf Holdings, which made Li Wendi feel uncomfortable, as if he could neither swallow nor spit out.

Cheng Yutong advised him to take it slow, saying that it would take a long time to digest Wharf Holdings and he should not be impatient, otherwise it would weaken the strength of Wharf Holdings.

As a result, Li Wendi gradually restrained himself and stopped firing employees at will. His methods became gentler and he began to gradually control the senior and middle management of Hutchison Whampoa by "winning over some and suppressing some".

Although the speed of "boiling the frog in warm water" is very slow, the control is indeed increasing, and Li Wendi's heart is slowly calming down.

As we entered October of 75, the weather gradually became cooler, unlike the scorching heat of September.

After more than half a month of wooing and suppression, several important departments of Wharf Holdings fell completely into Li Wendi's hands. He then began to set his sights on Wharf Holdings' subsidiaries, such as the tram company, container company, and tunnel company.

These companies are important parts of Wharf Holdings and cannot be abandoned.

Huang Lixin's belly was getting bigger and bigger, and her temper was getting worse and worse. Fortunately, Li Wendi was rich and hired several nannies to look after her. The apartment was no longer habitable, so in September, the two women moved to a villa in Deep Water Bay.

The city was in the recovery period, and the price of villas in Deep Water Bay was between 200-300, which was very cheap. Li Wendi took the opportunity to buy three of them, one for Huang Lixin to live in and two as investments.

As for Zhao Yazhi, Li Wendi thought of her as a toy. He always felt that this woman would leave one day, so there was no need to give her property gifts, just some brand-name bags and jewelry.

Sun Hung Kai Securities' acquisition of Dasheng Real Estate's shares is also coming to an end. Fortunately, some shareholders have sold a lot of shares, so Li Wendi's secret purchase is not exposed. He can also acquire more shares to increase his shareholding ratio.

"Mr. Li, you already hold 17% of the shares of Dasheng Real Estate Company. Your goal has been achieved." Hu Jinyan handed over the document with a hint of joy on his face. He had participated in the last two acquisitions of Sun Hung Kai Securities, but he was only responsible for a very small part. Now that he is in charge of specific matters, he feels as if he has been reused.

Li Wendi flipped through the documents thoughtfully, glanced at the contents, and then said, "You continue to acquire, but slow down the pace and reveal some flaws, but you can't let others suspect that it was intentional. Can you do it?"

A look of surprise appeared on Hu Jinyan's face. Was this an attempt to hype up the share price of Dasheng Real Estate Company?
"Sure." Hu Jinyan has been working in securities for many years and is well versed in it. This is not a difficult task for him.

"At the same time, you release the news that I want to acquire Dasheng Real Estate Company. When you think it's about time, start buying large shares and make it look like you want to acquire Dasheng Real Estate Company. It's best to make everyone believe that I want to acquire Dasheng Real Estate." Li Wendi sneered.

"I understand!" Hu Jinyan nodded heavily. It sounds simple, but it really tests one's eyesight and control of the timing.

On the afternoon of the third day, the news swept into the real estate industry like a whirlwind.

The first person to react was not Ma Jincan, but Bao Fuda from the Jardine Matheson Group. He thought this was a good opportunity to fight back against Li Wendi and made up his mind to snipe Li Wendi. So Bao Fuda quickly sent a senior representative to contact Ma Jincan from Dasheng Real Estate Group, wanting to help Ma Jincan keep Dasheng Real Estate. Of course, this was not a free help, but came with conditions.

As for the conditions, the outside world has no way of knowing, but seeing that the two were in a very good mood, they should have reached a good consensus.

On the evening of the same day when the two parties had reached an agreement, Dasheng Real Estate Company held a press conference to reject Li Wendi's acquisition and jointly launched a counter-acquisition with the Joint Stock Company. The Ma Jincan family was mobilizing funds to enter the stock market, hoping to increase its shareholding to more than 42%.

In order to better hype up the share price of Dasheng Real Estate Company, Li Wendi also held a press conference and admitted the acquisition to reporters. As for the reason, some reporters also asked whether it was because of Ma Jincan's inappropriate words in public. Li Wendi replied that it was not, and the acquisition did not involve any personal feelings.

The reporter didn't believe it, but he couldn't get more information from Li Wendi, so he could only ask about other things. The combination of public opinion war and sniper war can achieve the ideal hype effect. As a result, the stock price of Dasheng Real Estate Company soared from 2.7 yuan to 3.7 yuan, an amazing rise.

Naturally, Li Wendi was not satisfied with this price. The shareholders were also not satisfied with the purchase price of 4.4 yuan offered by Ma Jincan. They wanted to make more profits. As a result, the Luo Fuqi Financial Company entrusted by Ma Jincan was deserted for a while, and few shareholders went to register for the sale.

Ma Jincan was forced to raise the purchase price again to 5 yuan per share, while Sun Hung Kai Securities offered 5.1 yuan, giving the outside world a feeling of "playing", so some shareholders began to step into the door of Rothschild Financial Company.

Soon, the share price of Dasheng Real Estate rose to 5.4 yuan. Seeing that the time was almost right, Li Wendi asked Hu Jinyan to slowly sell his shares without attracting the attention of his competitors.

Wednesday, May 10

The Ma Jincan family announced that it held 41% of the shares of Dasheng Real Estate Company. At the same time, Swire Properties announced that it held 9% of the shares of Dasheng Real Estate Company. With the recommendation of Ma Jincan, chairman of the board of directors of Dasheng Real Estate Company, it became a non-executive director of Dasheng Real Estate Company and supported Ma Jincan to continue to sit firmly in the position of chairman of the board of directors.

On that day, the share price of Dasheng Real Estate climbed to 7.2 yuan. Fortunately, the announcement times of both companies were after 3 pm, so the share price of Dasheng Real Estate had no time to react and remained at 7.2 yuan.

Sun Hung Kai Securities

"Mr. Li, you still hold 1.6% of Dasheng Real Estate Company's shares, which is 160 million shares."

"I guess that the share price of Dasheng Real Estate will start to fall tomorrow, and it may plummet. The actual asset value of Dasheng Real Estate cannot support the current market value. It will be difficult to find buyers for large shares."

Hu Jinyan looked at Li Wendi with a grim expression and said that he was responsible for selling off the stocks of Dasheng Real Estate Company. If Li Wendi wanted him to be responsible, he certainly could not escape.

Li Wendi waved his hand and said with a smile, "It doesn't matter! I'll sell as much as I can tomorrow. Anyway, I've made a profit. I'll try not to sell the stock below 5.4 yuan."

"Yes, I will do it properly tomorrow." Hu Jinyan secretly breathed a sigh of relief, and then reported, "The average price of Dasheng Real Estate shares we bought was 3.1 yuan, and we sold 1940 million shares. The temporary average selling price is 6.4 yuan, and the profit is 6402 million. After deducting expenses, the funds recovered are 1 million yuan."

Hearing this, Li Wendi smiled brightly and said, "Mr. Hu, you have worked hard! Please help me transfer 1 million yuan to my account at Wan Citibank. I need to repay the million yuan mortgage loan."

"Okay, I'll do it later. Does Mr. Li have any other instructions?" Hu Jinyan asked.

"Help me check the stock price of Qingzhou Yingni Company." Li Wendi said after thinking for a moment.

Ten minutes later, Hu Jinyan came back again and handed a document to Li Wendi, saying, "Mr. Li, this is the basic information of Qingzhou Yingni Company. The current share price of Qingzhou Yingni Company is 1.6 yuan, with a market value of about 8000 million yuan. There are about 1400 million scattered shares on the market, accounting for 28%."

Li Wendi opened the information and read it carefully, ignoring what Hu Jinyan said.

The chairman of the board and major shareholder of Qingzhou Yingni Company is the British Rogers, who holds less than 13% of the shares. The combined shareholdings of other board members are between 15% and 18%. As long as Li Wendi takes more than 20% of the shares, he can basically become the largest shareholder of Qingzhou Yingni Company.

"Mr. Hu, please use all the funds raised from the sale of the remaining 160 million shares to secretly purchase the shares of Qingzhou Yingni Company." Li Wendi instructed. He did not want to deal with Qingzhou Yingni Company in a big way for the time being. After all, it would take some time to plan the land of Hok Garden in Hung Hom.

"Mr. Li, let me say something." Hu Jinyan stared at Li Wendi's face, and when he saw Li Wendi waving his hand, he signaled him to continue, "Although Qingzhou Yingmu Company is the only cement manufacturer in Hong Kong and occupies more than 80% of the market share, its equipment is outdated, its raw materials rely on imports, and its profit margin is not high. It is not a high-quality company."

"Although Qingzhou Yingmud Company owns a large piece of land in Hok Yuen, Hung Hom, it is a barren land and the land compensation fee required is huge. It is probably not a wise move to acquire it."

Li Wendi smiled and said, "Mr. Hu's words make sense, but this involves the business of many of my companies, and the benefits will not be seen in a short time."

Hu Jinyan knew that Li Wendi had thought it through and didn't want to say anything more, so he tactfully withdrew.

Li Wendi did not blame Hu Jinyan for being nosy. Sometimes it is easy to get carried away when doing business, and one needs someone to give one a little reminder so as to avoid some pitfalls.

If it weren't for the poor land properties and geographical location of Hok Yuen in Hung Hom, he would never have been able to acquire Qingzhou Yingmu Company. This piece of land would probably have been acquired by a British-funded enterprise long ago.

(End of this chapter)