Started from Hong Kong Island

Chapter 295 293 [It’s Trapped Anyway]

Two generations of Liu Xiangtian's family have been in Hong Kong, and their network of personal connections is intricate. As long as they don't take risks, it is not difficult to maintain the family's honor. Unfortunately, Liu Zhifei and his son think they are very capable and have extraordinary vision, and want to make the Liu family stronger in the storms of the times.

Therefore, when faced with the invitation from the Jardine Matheson Group to deal with Li Wendi, Liu Zhifei agreed after a little hesitation. Although he did not do anything out of line, it also caused some trouble to Li Wendi.

At first, Liu Zhifei was still waiting for Li Wendi's counterattack, but when it didn't come, he thought that Li Wendi had forgotten about it and began to relax. At the same time, the Liu family had complicated affairs, so he no longer worried about it.

Who could have imagined that Li Wendi would set a trap for the Liu family in such a matter.

The next afternoon, Liu Zhifei got the information he wanted. Li Wendi did not interfere in the information collection, after all, it was too easy to be discovered.

3,000-foot real estate company general manager's office
After reading the information, Liu Zhifei's face was not as relaxed as he had imagined. Instead, he looked a little dull. The situation of Xipu Industrial Company was a bit complicated. Although the suggestion put forward by Liu Jingqi was feasible and did not require much funds, there were really too many things to deal with, and he had to negotiate with multiple banks, which was the most troublesome thing.

The bank wants to treat Xipu Industrial Company's debt as bad debt. The people in the bank are not fools. They know that Sanqianchi Real Estate wants to gain control of Xipu Industrial Company. Of course, they hope that Sanqianchi Real Estate can take over the debt so that the bank can maximize its profits.

"There's no need to rush to acquire Xipu Industrial Company. It's better to talk to the people at the bank first. If it doesn't work out, there's still room for recovery." Liu Zhifei said to himself. Although he was a little proud and arrogant, he was still cautious in doing things.

Liu Zhifei then began to meet with senior executives and directors of the target bank to discuss how the bank should deal with the debt problem of Xipu Industrial Company.

When the bank staff heard Liu Zhifei's words, they knew that the Liu family was interested in the Three Thousand Chi Real Estate Company, so they refused to give in on the debt issue. They just said that the debt would be transferred to the Three Thousand Chi Real Estate Company, and the bank could waive the remaining interest as long as the principal was returned.

It was not until Liu Zhifei said that Xipu Industrial Company could be allowed to go bankrupt directly and Sanqianchi Real Estate Company could come in to clean up the situation that the bank staff became a little anxious.

Xipu Industrial Company went bankrupt, and several banks divided up the company's assets. I'm afraid it won't be able to repay even one-tenth of the debt, which is even worse than what Liu Zhifei said about repaying one-tenth of the debt.

Although banks allow a certain amount of bad debts every year, Hong Kong's economy has been bad in recent years and the number of bad debts has greatly increased. In order to make up for the losses, banks have already used up their bad debt quotas for the next few years and now cannot have any large bad debts. Lee

After the two parties broke up, the bank also held a high-level meeting to discuss the debt problem of Xipu Industrial Company and Liu Zhifei's suggestions.

Liu Zhifei was well aware of the trick. Since the bank people said they would go back to discuss it, they would most likely approve it. After all, the less bad debts there were, the better. The bankruptcy and liquidation of Xipu Industrial Company would cause the greatest loss to the bank.

After returning to the Sanqianchi Real Estate Company, Liu Zhifei began to feel worried. He often glanced at the phone on the desk, as if he was waiting for a call from the bank.

Unfortunately, no one from the bank called him until the end of the working day.

"Daddy, the stock price of Xipu Industrial Company has dropped to 0.3 yuan, and it may drop to 0.1 yuan. We can acquire Xipu Industrial Company without any effort." Liu Jingqi said with his hands dancing.

Liu Zhifei replied calmly, "Don't worry, wait a little longer!"

Soon, the phone rang. It was a call from the bank.

After receiving a definite answer from the bank, Liu Zhifei smiled and said, "When the share price of Xipu Industrial Company drops to 0.1 yuan, you can start buying shares."

"Okay! Did the bank agree with our suggestion?" Liu Jingqi asked. He heard some voices from the microphone.

"Well! You go to buy the stocks, and I will discuss the issue of stock pledge with other banks." Liu Zhifei said.

The former boss of Xipu Industrial Company pledged some of his stocks to the bank. Although the amount is not large, if Liu Zhifei wants to take full control of Xipu Industrial, he still needs to make a complete acquisition.

This part of the stocks is relatively easy to acquire. After all, the news of Liu Zhifei discussing debts with the bank has not yet leaked out, so now would be the best time.

Changxin Real Estate Company
Li Wendi hadn't gotten off work yet, and Zhang Wentao pushed the door open and said happily, "Liu Zhifei from Sanqianchi Real Estate Company has taken the bait. Today he met with senior executives from Hang Seng Bank, Kangnian Bank, and five other banks to discuss the debt issue of Xipu Industrial Company. There is a high probability that those banks will agree to repay the debt at a rate of 5%."

Li Wendi raised the corner of his mouth and smiled, "The fish finally took the bait. Let them bite the hook tighter."

"It's unlikely that this piece of land can be used to build a residential building, but it can still be used to build an industrial building." Zhang Wentao didn't dare to continue speaking. He knew that the boss had a backup plan, but he didn't know what it was.

"Hmph!" Li Wendi snorted, "We have to get them past the Environmental Protection Bureau first, and we have to spend a sum of money to deal with the pollution problem of that piece of land. We can make money, but the initial capital expenditure is a huge burden for the Three Thousand Feet Real Estate Company. And I'll do something on the side, so Liu Zhifei will stay in this pit forever."

Zhang Wentao asked weakly, "What if Liu Zhifei puts this piece of land aside? He will just lose the millions he invested in the early stage."

"The Liu family likes to save face. If they make a big fuss about this, they will definitely be in a mess. Besides, the people in the Environmental Protection Bureau will not let Liu Zhifei off easily. They are very stubborn." Li Wendi laughed. Even if the Liu family is unwilling to continue to spend money, they will not let it go easily. Real estate businessmen seem to have no need to deal with the Environmental Protection Bureau, but in fact, they are easily troubled by the Environmental Protection Bureau. If the construction of the building does not meet the environmental protection requirements, they may be ordered to make rectifications, delay the progress of the project indefinitely, and the invested funds will be locked up.

Make peace?

It is said that people in the Environmental Protection Bureau are very stubborn and cannot be easily dealt with by spending money.

Once Liu Xiangtian's family falls into the trap, either their funds will be trapped, or they will have to argue with the Environmental Protection Bureau, delaying the progress of other projects. Either result will be enough to make Liu Zhifei suffer.

Zhang Wentao was slightly stunned. This seemed like nothing, but he had seen how difficult the Environmental Protection Bureau was. He mourned for the Liu family in his heart.

Soon, Li Wendi had no time to care about the affairs of the Sanqianchi Real Estate Company because Huang Lixin had been pushed into the hospital delivery room and his first daughter was about to be born.

Here, it was the first time that Li Wendi met Huang Lixin's family. He just went up to say hello and didn't exchange too much pleasantries. After all, the relationship was a bit strange.

On the contrary, Guo Cuiting had a good chat with Huang Lixin's family, as if she really treated the Huang family as in-laws.

Before her daughter was born, Li Wendi was called away by another phone call.

Qi Nian Newspaper
As soon as he saw Li Wendi, He Qijun handed over a document and said, "These are the two listed companies I have selected. Take a look first."

Li Wendi was slightly stunned. He Qijun knew that Huang Lixin was giving birth today, so why was she so anxious just to see a document?
He Qijun saw Li Wendi's confusion and didn't explain anything. She just picked up the coffee and started drinking.

Li Wendi calmed down and thought it was no big deal. With so many people watching over him in the hospital, any unexpected incidents could be dealt with in time, so he looked through the documents with peace of mind.

Seeing that one of the companies was a real estate company, Li Wendi looked up at He Qijun and asked, "Do you want to inject the assets of the Qinian Newspaper into this company through a stock swap?"

He Qijun nodded, "Yes, this will save the Qinian Newspaper money."

"What about this electronics manufacturing company? What's so special about it?" Li Wendi asked again.

"The electronics company has an advantage. The major shareholders are preparing to cash out and leave, so we can save a lot of time and energy." He Qijun said indifferently.

Li Wendi was quite interested in this electronics company, as it could add a new industry to its company. The electronics industry in Hong Kong was booming now, and although it was just some assembly and agency, it was also a good opportunity to enter the market.

"I think the electronics company is good. We can acquire some of its shares and exchange assets for new shares," said Li Wendi.

"Why not the real estate company? The situation of this company is better than that of the electronics company." He Qijun asked puzzledly.

Li Wendi smiled and said, "Hong Kong is now full of properties and land. It is easy to find a real estate company, but we need to develop new industries to enhance the risk resistance of family businesses."

Li Wendi spoke out what was in his mind without hiding anything, because on this point, their interests were the same and concealment would only create resentment.

He Qijun's ambition is not that big. She just wants to take Qinian Newspaper public through a backdoor listing. However, what Li Wendi said makes sense. Isn't this an opportunity for Qinian Newspaper to grow stronger?

But there is a downside, which is that Qinian Newspaper is no longer a simple newspaper company.

"Can we acquire both companies together? One as a subsidiary and the other as a listed shell." He Qijun still wanted the Qinian Newspaper to be listed purely on the stock market.

Li Wendi walked over and put his arm around He Qijun's waist, saying with a smile, "You can take out the original business of the electronics company and put it into the new subsidiary, and then change the company's name and attributes. Isn't the Qinian Newspaper listed on the stock market?"

Li Wendi just wants the electronics business. It doesn’t matter whether such a business will be in the hands of a listed company.

"That's fine!" He Qijun nodded.

After dinner, the bodyguard came over and whispered a few words in Li Wendi's ear. Li Wendi then stood up, took his coat and left.

Of course He Qijun knew what was going on, but she still kept silent. If Huang Lixin had given birth to a boy, she would not be silent like she is now. She would definitely break through that layer of paper and get a lot of "security" from Li Wendi.

(End of this chapter)