Started from Hong Kong Island

Chapter 326 324 [How can someone lower the price like this] (Please subscribe to the monthly ticket)

A small conference room in the Mandarin Oriental Hotel
Swire Group finally surrendered. Cathay Investments was the core of their core and would not tolerate any problems. Moreover, Swire Group had already paid a huge price and invested a lot of manpower and material resources to privatize Cathay Investments.

Taikoo Shing was just the icing on the cake for them. Once they took over the 19.2% shares held by Li Wendi and Chen Detai, Taikoo House's controlling stake in Cathay Investments would reach 91.2%, and the remaining shares would no longer be a concern.

Because according to Hong Kong's company law, Swire Group can forcibly acquire the remaining shares at the highest price in the past year.

"Mr. Chen, Mr. Li, let's continue with the previous topic. I was too impulsive the past two days." Barber pretended to apologize to the two. "After the board's discussion, we are willing to take 50% of the Taikoo City Phase II project, including 20% ​​for Mr. Li's Changxin Real Estate Company and 30% for Taikoo Chang Development Company. At the same time, we will buy the shares of Cathay Investment Company held by the two of you at a 30% premium."

"Mr. Barber, you have weakened my conditions a lot. Now they are not even one-third of what they were before. I really doubt the sincerity of Swire Group. If it is just the first phase of the project, I think there is no need for us to continue the discussion." Li Wendi said, but his body was still sitting on the chair.

The worst negotiation was to cut the offer in half. I have never seen a negotiation where the offer was less than one-third. Li Wendi was really enlightened.

Chen Detai looked at Barber without saying anything, and it was obvious that he had the same attitude as Li Wendi.

"Mr. Li, it's not that Swire Group has no sincerity, but we are willing to make friends with you, Mr. Li. These conditions are already Swire Group's greatest sincerity." Barber said firmly.

"Well, in this case, our negotiations are doomed to fail. I have something else to do, so I'll take my leave first." Li Wendi stood up with no expression on his face.

Li Wendi has met people from the four major trading companies. They give people the impression that they are arrogant and look down on everyone.

"Mr. Li, if we interfere, I think the loan will become a burden on Changxin Real Estate Company. As for those shares, they can be diluted by issuing new shares until the shares held by you two are less than 10%, or even 5%. In this way, Swire Pacific can privatize it at will." Barber said calmly.

It turns out that a solution has been found.

"Really? Then Swire will suffer heavy losses?" Li Wendi sneered and grabbed the back of the chair with his ten fingers. "Mr. Barber, please do as you please. You don't need to worry about the affairs of Changxin Real Estate Company and Dachang Real Estate Company."

"When I was fighting with the Landmark Company, I was never afraid. Failure of shopping malls is just a common thing. Moreover, Changxin Real Estate Company seems unlikely to make a loss."

Seeing Li Wendi so confident, Barber couldn't help but look a little ugly. He thought Li Wendi would be worried, at least he would not confront him, and would sit down and continue to negotiate the terms. It seems that Li Wendi thinks they will not let Swire Pacific suffer too much loss.

"Okay, Mr. Barber, we'll take our leave first. If your bank has any news, please inform us again." Chen Detai is much more tactful than Li Wendi.

When the two of them reached the door, Barber finally couldn't help himself and said, "Wait! We can talk some more."

Hearing this, a sneer appeared on Li Wendi's lips.

Back at the conference table, Barber came up with a second plan. "Swire Pacific offers Taikoo Shing Phase II and Phase III projects, covering an area of ​​no less than 45 square feet of land. Changxin Real Estate Company holds 25% and Taikoo Chang Development Company holds 35%. Other conditions remain unchanged. Gentlemen, this is the greatest sincerity of Swire Pacific."

Li Wendi and Chen Detai looked at each other and nodded, indicating that the conditions offered were almost right and could be agreed.

"Okay, then let's talk about the details of the cooperation, Mr. Barber." Li Wendi said with a smile.

In the past life, among the four major trading companies, only Jardine Matheson & Co. did not suffer heavy losses in the war with the Chinese companies, and it is still the original Jardine Matheson & Co.

Li Wendi knew that the Shi Huaiya family must have something special, and in some ways they were much stronger than Jardine Matheson. They were ranked among the top 600 companies in the world by the profits from real estate rentals and Thai Airways and its subsidiaries, and they were very powerful. However, the Taikoo Matheson Company had revealed a flaw at this time. If Li Wendi didn't bite off a piece of meat, he would regret it later.

Foreigners are foreigners after all. Li Wendi believes that what our ancestors said, "Those who are not of my race must have different hearts," is very reasonable, so he must take the opportunity to seek profits for Changxin Real Estate Company, weaken the power of Swire Group, and lay some foundation for the future.

The three of them discussed until 7 o'clock in the evening. Chen Detai invited Barber to dinner, but was ruthlessly rejected by Barber. It was obvious that this boss of Jardine Matheson had a bad temper.

A few days later, the contract was successfully signed and the news began to spread to the outside world.

Many Chinese were excited and felt that Li Wendi was a hero who constantly challenged the position of the foreign company. Although he did not defeat Jardine Matheson, he set a typical example for Chinese businessmen.

Landmark Company Taipan Office

A short but hearty laugh was heard in the office, and it sounded like it came from Bao Fuda.

"The Shi Huaiya family actually suffered a setback at the hands of Li Wendi. It seems that only John Madden of Wheelock did not suffer a setback. Could it be that Li Wendi has other intentions?" Bao Fuda said, frowning as if he had thought of something extraordinary.

Newby narrowed his eyes. Bao Fuda's remarks reminded him that maybe Li Wendi really had such ideas and plans. Li Wendi also had a shipping company. Wheelock's large-scale ships could just make up for Li Wendi's shortcomings, and he could also take the opportunity to enter the high-end department store industry (Wheelock acquired Lane Crawford in 69).

Wheelock also owns many residential properties in Central and a large amount of land, otherwise Hong Kong Land Development would not have taken action against Wheelock.

"It could be one of Li Wendi's plans." Niubijian pondered for a moment, "Can we launch another acquisition of Wheelock? This time we can discuss it with Shen Bi of HSBC before taking action."

"Shen Bi will not agree. The old man is worried that Jardine Matheson will surpass HSBC and affect HSBC's position. But we can look for Zhang Yuliang of Kam Hing Land Company. The Zhang family holds 34% of Wheelock's shares."

Bao Fuda said with a heavy face, "Once we have control of these shares, Shen Bi will not be able to stop us. Zhang Yuliang is not an easy person to deal with, and the Zhang family has long controlled the Federal Realty Company under Wheelock Group."

Newby thought for a long time and responded, "We can spin off Federal Realty from Wheelock and give it to the Zhang Yuliang family."

"It may not work. A few years ago, Zhang Yuliang held more than 70% of the shares of Federal Realty, and he has not yet swallowed up Federal Realty. This man is different from John Madden. He likes practical benefits." Bao Fuda shook his head and said. He had no hope for this negotiation because he had discussed it with Zhang Yuliang last time.

Zhang Yuliang said that he would continue to hold shares in Henderson Land Development, but the management rights could be handed over to Hong Kong Land Development.

Niubijian suddenly clenched his fists and gritted his teeth, saying, "Even if we only take over half of Wheelock, it will be very beneficial to us. We can't be so greedy, otherwise we will step down."

Although Bao Fuda raised many questions, he still insisted on acquiring Wheelock. After all, he had lost Wharf Holdings. If he could take over Wheelock, he would definitely be able to make up for this regret.

"I suggest that we talk to Shen Bi first and tell him the truth. We only need half of Wheelock. Whether the remaining half is given to Hutchison Whampoa or Zhang Yuliang has nothing to do with us." Bao Fuda was very concerned about the prediction that HSBC would interfere. This acquisition could not fail again.

"That's good! I should be able to convince Shen Bi." Niu Bijian's words seemed to comfort himself.

(End of this chapter)