Started from Hong Kong Island

Chapter 329 327 [Company Integration Loses Face]

Run Run Shaw Films is just a small episode in Li Wendi's work. He needs to handle the affairs of so many companies under his name, otherwise some decisions will have to be postponed and the best opportunity will be missed.

Changxin Real Estate Company
Li Wendi held a report in his hand and pondered for a long time. He began to feel that the companies under his control were too messy and it was too time-consuming and laborious for him to manage them alone. If he acquired another company in the future, he might not be able to manage it even if he died of exhaustion.

So, he was considering whether he could let Changxin Real Estate Company take over some of its subsidiaries, such as Ducheng Real Estate Company, Jianfeng Garment Investment Company, and even China Gas Company, so that he could personally withdraw.

"How much money is left in the company's account?" Li Wendi added, "Except for the funds needed in the near future."

Zhang Wentao thought for a moment and replied, "It's less than 2000 million, but there are five properties on the site that will be sold soon, and the funds raised will be several tens of millions of yuan."

"I remember when we acquired Ducheng Real Estate Company, I personally invested 1500 million yuan, and China Entertainment Real Estate Company and Changxin Real Estate Company each invested 1000 million yuan, accounting for a total of 43% of the shares of Ducheng Real Estate Company." Li Wendi blinked and continued, "Now I plan to transfer Ducheng Real Estate Company to Changxin Real Estate Company, and let Changxin Real Estate Company control it, so you need to prepare a fund of no less than 5000 million yuan recently."

Under the instruction of Li Wendi, the asset value of Ducheng Real Estate Company has already doubled or even more. However, considering that China Entertainment Real Estate Company is a subsidiary of Changxin Real Estate, it is calculated as doubled to save trouble.

Zhang Wentao raised his eyebrows. The funds could be raised, but he would have to suffer a loss, which he certainly didn't want to do. "Can we adopt the 'value exchange' method? The current housing prices are rising every day. If it's an emergency, it's better to directly give the company and you, the boss, a discount."

"Okay, that's a good idea! Come back and make a plan." Li Wendi thought for a moment and said, "Since this method can take over more of my companies, calculate how many assets can be used for the exchange?"

"Yes, I'll get it done as soon as possible!" Zhang Wentao asked, "Boss, what other companies do you plan to let Changxin Real Estate take over? I can also be prepared."

"I have a garment company, a gas company, a cement company, and an electronics company. Changxin Real Estate Company can take over any of them. As for how much money will be needed, you need to calculate it yourselves." Li Wendi did not intend to hand over the newspaper company and the jewelry company to Changxin Real Estate Company.

As for China Gas Company, Li Wendi wanted to let Changxin Real Estate Company manage it first, and then buy it back if necessary in the future.

As for Qingzhou Cement Company, Li Wendi has privatized it, and its Hung Hom Hok Garden land has been transferred to Starlight Real Estate Company. Qingzhou Cement Company only has the cement manufacturing industry left.

Zhang Wentao's eyes sparkled. His favorite was still the cash cow, China Gas Company. As for other companies, they also had some uses, but their prospects were not as bright as those of the Gas Company.

"This is a huge amount of money, and it is impossible to complete it in a short period of time." Zhang Wentao said with a deep breath.

"Take your time, don't rush!" Li Wendi suddenly said, "Before the transaction, you should go to the Securities Regulatory Commission and other departments to change the name of Changxin Real Estate Company to Changxin Group Company. The word 'real estate' is no longer suitable."

"After the transaction of Ducheng Real Estate Company is completed, you and Dongmei will conduct another investigation to see whether new shares can be issued. This will greatly reduce the pressure on Changxin Real Estate Company." Li Wendi continued to add.

"Boss, you seem to have stocks of other companies in your hands. I wonder if they can be transferred to Changxin Group?" Zhang Wentao asked with a twinkle in his eyes.

"Do you want shares in China Bus Company and Kowloon Motor Bus Company? Or do you want shares in Junfu Jewelry and Qinian Newspaper?" Li Wendi joked.

"I think it would be in everyone's best interest if the Changxin Group acquired the two bus companies," Zhang Wentao boldly explained. "If possible, I hope the Changxin Group can bring Wharf under its management."

Good guy!
Even Wharf Holdings is being targeted, and Cheung Kong Holdings is not considering whether it can swallow it. If it chokes, it will be a big deal. Li Wendi hesitated for a while and said, "It's not impossible. Cheung Kong Holdings can't swallow Wharf Holdings at the moment. It's better to focus on the garment company, electronics company and cement company."

"Also, Changxin Group needs to recruit various talents immediately in order to strengthen its control over its subsidiaries. You can start publishing job advertisements in newsprint and magazines. I will personally interview all positions above the supervisor level."

It’s not that Li Wendi doesn’t trust Zhang Wentao. This is his job and he can’t be lazy. He is worried that there will be bad effects in the future.

"Yes!"

After Zhang Wentao left, Li Wendi calculated the actual asset value of these companies. If the Changxin Group wanted to take over all of them, it would need to pay no less than 3 million yuan (excluding the Wharf Holdings).

The current market value of Changxin Real Estate Company is around 2-3 million yuan, but considering the multiple sites, there is still hope of acquiring them.

This method is similar to Jardine Matheson's "exchange of shares of its subsidiaries", which is equivalent to "transferring from the left hand to the right hand", but it enriches Li Wendi's personal cash.

Li Wendi began to consider how to use the funds and whether to launch an acquisition of Kowloon Motor Bus Company. Although Lei Juekun already held 31% of the shares of Kowloon Motor Bus Company, which was a big difference from the shares he held, so much time had passed that Lei Juekun should have let down his guard, so he could take advantage of the situation and make a move.

"The Romantic Movie Tycoon" has already been released, and Li Wendi received another piece of news that made her laugh like a pig: Zou Wenhuai was invited to a talk show on Rediffusion Television, where he kept hinting that the prototype of the film was Run Run Shaw, and repeatedly emphasized that the plot of the film was absolutely true.

As soon as the program was released, gossip magazines rushed to report the news. Some reporters even wrote follow-up content for some events, with plots comparable to those in novels, which satisfied the audience's desire for spoofs, and the magazines naturally became very popular.

As a result, Run Run Shaw's name became completely famous in Hong Kong, perhaps even more famous than the popular stars of Shaw Brothers Company. Whenever Run Run Shaw went to eat in some hotels, people would point at him, including some foreigners.

Run Run Shaw ordered his men to hold a press conference to explain that all these situations were fabricated, but he himself did not attend, which caused reporters to make wild guesses and things became worse.

"Wendy, do you think Uncle Shao has lost his mind? He actually didn't attend the reception." Zhang Yan smiled with all his teeth showing.

Li Wendi laughed and said, "He must be confused because of anger. But Zou Wenhuai is really vicious. He always alludes to Run Run Shaw without explaining it. People in Hong Kong are very curious and of course they can't help but find out the details. Now Run Run Shaw has finally exposed his true colors."

Li Wendi didn't care much about the movie "The Legend of Gangsters" that Shaw Brothers Film Company was going to shoot, because many people in Hong Kong knew that he, Li Wendi, had been a young and dangerous gangster, and this history could not be deleted. Caring about it would only increase his own pain, so it was better to let it go.

But it was different for Run Run Shaw. He had grown old and was more concerned about his face. Now, Li Wendi and Raymond Chow were stepping on his face and rubbing it on the ground. The pain he was feeling was self-evident.

"I heard that Run Run Shaw rarely goes out anymore. He doesn't even go to the company every day. He stays in his villa most of the time. It seems that he wants to be a turtle." Zhang Yan said.

Li Wendi pursed his lips and smiled. Fortunately, he was thicker-skinned than Uncle Shao Liu, otherwise how would he have lived like this.

(End of this chapter)