Started from Hong Kong Island

Chapter 331 329 [Thunderbolt Acquisition]

Chen Yanhua and Nan Fung Textile Company have a high reputation in Hong Kong's textile and garment industry. In the future, they may encounter each other in the acquisition or joint development of textile factory land.

Li Wendi thinks that competition between each other is a good thing, which can promote the healthy development of the industry, but vicious competition is a loss and burden for both parties, so he reminded Chen Yanhua in advance: We are not enemies and we can continue to cooperate.

"Mr. Li is right. The past grudges have long disappeared, and only cooperation can maximize benefits." Although Chen Yanhua's Nan Fung Investment Company has accumulated a lot of real estate experience, it is just a newcomer to Changxin Group. If it is embarrassed by Changxin Group, Nan Fung Investment Company will be very uncomfortable.

The two continued to discuss the split sales of the four projects, both wanting to recover the funds as soon as possible and move on to the next project.

After discussing with Chen Yanhua, Li Wendi did not leave the Peninsula Hotel immediately, but came to another private room where the person he had an appointment with had already arrived.

"Mr. Chen, I'm sorry! I'm late." Li Wendi bowed to Chen Detai who was sitting and apologized.

Chen Detai did not dare to be arrogant, he stood up and said with a smile, "It's not that Mr. Li is late, it's me who arrived early."

"I'm so sorry!" Li Wendi and Chen Detai sat next to each other. "Mr. Chen, when you mentioned the residential land in Shatin Town on the phone, how do you plan to cooperate? According to the current market rules, do you have other plans?"

Chen Detai had a first-rate vision. When the new town of Sha Tin was proposed, Dachang Real Estate Company began to acquire a large number of residential sites and farmland from indigenous residents near the Sha Tin estuary, and in the previous life built a large number of properties such as the New City Plaza.

After Chen Detai passed away in 81, these properties became one of the pillars of Dachang Real Estate Company. Otherwise, Dachang Real Estate Company would have fallen out of the ranks of medium-sized real estate companies.

Therefore, Li Wendi believes that Chen Detai may not want to adopt the 50-50 profit-sharing method in the market.

"Mr. Li is indeed a leader of the younger generation. He was able to see through my thoughts so easily." Chen Detai said with a smile, "Yes, my cooperation plan is to split the residential land 50-50, but the planned shopping malls and stores will belong to Dachang Real Estate Company."

"As for the office buildings, they will all belong to Dachang Real Estate Company, which will pay Changxin Group 3% of the profits. As for the industrial buildings, a 6: split will be adopted, with Changxin Group taking % of the profits."

"I guess Dachang Real Estate doesn't have much land to build an office building?" Li Wendi didn't really know much about the area of ​​land that Dachang Real Estate had in the Shatin area, but he knew Chen Detai very well.

Chen Detai is a kind person and will not let Li Wendi suffer too much, otherwise Li Wendi would not have agreed to these cooperation requests.

After all, the Shatin reclamation project in which Li Wendi has a stake can make him a lot of profits.

If it weren't for the cooperation project between Dachang Real Estate and Hysan Development in Causeway Bay involving a large amount of money, it would be unlikely for Chen Detai to approach Li Wendi.

"According to the existing plan, there is only one building, covering an area of ​​approximately 3.8 square feet, and the estimated floor area is 57 square feet," Chen Detai said truthfully.

In fact, if you calculate carefully, the profits obtained by both parties are basically split 50-50, it's just under a different name.

If a 57 square foot building is placed in Central or Wan Chai, it can generate a monthly rental income of 200 million. However, in the Sha Tin New Town, building a commercial building is indeed a bit lacking and does not seem to be much better than an industrial building.

Li Wendi had no interest in such a building. He even looked down on lower-class buildings, let alone those in the new town.

It seems that Chen Detai is very optimistic about the prospects of Shatin New Town, otherwise he would not want to own a large number of properties in this place. Li Wendi vaguely feels that Chen Detai wants these properties to become the main rental properties of Dachang Real Estate Company.

"Okay, I agree. Let's follow the cooperation plan proposed by Mr. Chen." Li Wendi said with a smile.

He knew the development prospects of Sha Tin New Town too well. There was not much room for development of commercial buildings. On the contrary, industrial buildings had greater room for development. Not to mention the shops, with First City there, they would definitely be popular.

"Then I'll have someone go to Changxin Group to sign the contract in a few days." Chen Detai said, "After our acquisition of Cathay Investment Company's shares, Swire Group stepped up to privatize Cathay Investment Company. Now the shares have increased to 95%, and only 5% is left to complete the privatization."

Li Wendi was slightly stunned, not quite understanding what Chen Detai meant by this. Wasn't this already predicted before?

Chen Detai continued, "I heard that the people from Swire Group have close contacts with the top executives of Jardine Matheson, so Mr. Li should pay attention to it."

Li Wendi immediately understood what Chen Detai meant. He was worried that the two major foreign companies would unite to deal with the Changxin Group. He thought for a moment and smiled, "The Hong Kong Land Company is aggressively developing land in the Pokfulam area in an attempt to make up for the losses. Swire Group is a bit of a threat, but they can only cause trouble in shipping and cash. They can't do anything else."

Chen Detai shook his head at Li Wendi's confidence. "Mr. Li, it's better to be safe than sorry. We have offended Swire Pacific, and they will definitely retaliate against us."

Li Wendi nodded to Chen Detai's earnest advice and said, "Okay, I will pay attention to it. Thank you Mr. Chen for your reminder!"

Soon, Li Wendi's privately owned Jianfeng Garment Investment Company announced that it would accept the acquisition by Changxin Group and promised not to change the management structure of the company and its subsidiaries for the time being.

He Qijun herself is still the executive director of Jianfeng Garment Investment Company and has control over the company's senior management. As for Hefeng Enterprise Company, although Zhao Yazhi's management rights have not been removed, the management is in a panic, fearing that someone will be parachuted in to replace them.

It was not until Li Wendi showed up at Hefeng Enterprise that those people felt relieved.

This is also the effect that Li Wendi wanted to achieve, to scare away these scoundrels.

With more than 2000 million yuan in deposits into his personal account, Li Wendi's mind began to become active again.

He thought for a long time and decided to launch a takeover of the Kowloon Motor Bus Company for three reasons: the Changxin Group consumed a lot of land development and needed to replenish its land reserves in a timely manner; the acquisition battle had been delayed for too long, and if Lei Juekun controlled a large number of shares, it would be a failure for him; the New Territories was booming, and the Kowloon Motor Bus Company could control more land for the Changxin Group.

Sun Hung Kai Securities

Li Wendi was reading the information about Kowloon Motor Bus Company collected by Hu Jinyan, which showed that Lei Juekun already held 32% of the shares, which was 16.8% less than the 15.2% held by Li Wendi, almost double the difference.

In addition, Lei Juekun has been in Kowloon Motor Bus Company for many years and has more prestige than Li Wendi, an outsider. This acquisition feels more challenging than the previous one. "There are not many scattered shares in the stock market now, only more than 300 million shares, accounting for about 5%." Hu Jinyan analyzed, "If you take all of them, Mr. Li, your shareholding is around 22%, which is 10% short of Lei Juekun. If you want more, you can only contact the shareholders of Kowloon Motor Bus, which will alarm the Lei family."

Alerting Lei Juekun may not be a bad thing, but before that, enough shares must be held so that Lei Juekun will retreat, making it easier for Li Wendi to control the Kowloon Motor Bus Company.

"Mr. Hu, please buy the shares secretly first. At the same time, please help me find out whether the family of Deng Zhaojian, the second largest shareholder of Kowloon Motor Bus Company, has any intention of selling shares. As for the family of Tan Huantang and the family of Lin Mingxun, please find out about them as well." Li Wendi said. These three families are the founding families of Kowloon Motor Bus Company and hold a lot of shares.

"The Deng Zhaojian family and the Lei family have had many disputes. This may be a breakthrough point. It shouldn't be too difficult to take over their 19% shares." Hu Jinyan said thoughtfully.

Since taking over Li Wendi's private securities business, Hu Jinyan has thoroughly studied Li Wendi's stocks. He knows that Li Wendi will definitely take action against Kowloon Motor Bus Company, so he has done enough homework on Kowloon Motor Bus Company.

A few days later, Hu Jinyan called and said that the 19% shares held by Deng Zhaojian's family had been acquired by Sun Hung Kai Properties, and that Sun Hung Kai Properties was now discussing the sale of shares with the Tan Huantang family.

After hanging up the phone, Li Wendi sighed. Guo Desheng was not a kind person. He knew that he had taken action against Kowloon Motor Bus Company, but he still intervened. It was obvious that he wanted to seize control of Kowloon Motor Bus Company.

Ten minutes later, Li Wendi received a call from the front desk, reporting that the chairman of Sun Hung Kai Properties, Guo Desheng, wanted to visit him.

Li Wendi naturally received Guo Desheng and others in a friendly and warm manner. The two of them were still cooperating on the Sha Tin New Town project, so there was no need for them to fall out over a Kowloon Bus Company for the time being.

"Mr. Li, how are you?" Guo Desheng greeted as soon as he entered the door with a bright smile on his face.

After the pleasantries, we got down to business.

"Mr. Li, I'm so sorry! You were the first one to set your sights on Kowloon Motor Bus Company. I was a latecomer." Guo Desheng revealed the hidden truth and said, "I am good friends with the Deng Zhaojian family. Although the Deng family was the main founder of Kowloon Motor Bus Company, the power has long been lost to others, and it is mainly the Lei family that makes the decisions."

"Mr. Li launched another takeover bid for Kowloon Motor Bus Company, which frightened the Lei family into seeking an opportunity to control Kowloon Motor Bus Company. The 19% stake held by the Deng family was naturally the Lei family's favorite. However, the Deng family did not want Kowloon Motor Bus Company to fall into the hands of the Lei family, and they had no way to find Mr. Li, so they asked me to take over."

"If Mr. Li urgently needs this 19% stake, Sun Hung Kai Properties is willing to help Mr. Li control the Kowloon Motor Bus Company."

What Guo Desheng said sounded nice, and it was obvious that he had set his eyes on the fat piece of meat of Kowloon Motor Bus Company and now that he had bitten it, he didn't want to let go.

"Haha! With the help of Mr. Guo and Sun Hung Kai Properties, Kowloon Motor Bus Company will be easy to take over." Li Wendi changed the subject and said seriously, "How do we divide Kowloon Motor Bus Company, Mr. Guo?"

"First come, first served. Sun Hung Kai Properties is only responding to a friend's request and will not compete with Mr. Li for the Kowloon Motor Bus Company." Guo Desheng still hopes that Li Wendi can distribute the benefits fairly instead of asking for them directly.

"Let our two companies work together to develop the land of Kowloon Motor Bus Company. The profits will be taken by Kowloon Motor Bus Company at 50% and our two companies will each take 25%. What do you think, Mr. Guo?" Li Wendi played a trick so that he could get more dividends from the profits of Kowloon Motor Bus Company in the future.

Guo Desheng is also an old fox in the business world, and of course he knows what Li Wendi is thinking, but this is already a good result.

"Okay, thank you Mr. Li." Guo Desheng said with a smile, "Mr. Li, if you buy another 10%, we can jointly control the board of directors."

"Well, then I will initiate an acquisition of Kowloon Motor Bus Company." Li Wendi nodded.

The next morning, Li Wendi asked Sun Hung Kai Securities to announce the acquisition of Kowloon Motor Bus Company at HK$6 per share.

Lei Juekun was a little panicked. The news caught him completely off guard and he had no time to prepare. However, he still asked Kowloon Development Company to announce its acquisition plan to compete with Li Wendi.

The stockholders were naturally delighted. They loved this kind of takeover war the most because they could make a fortune. Therefore, very few stockholders came to Sun Hung Kai Securities to register. On the first day, only 90 shares were received, accounting for 1.5%.

Li Wendi was helpless and could only raise the acquisition share price while contacting other shareholders of Kowloon Motor Bus Company.

Hu Jinyan helped contact the Lin Mingtang family, which held a little over 4% of the shares of Kowloon Motor Bus Company. Although it was far from the target value, it was also an option.

Therefore, Li Wendi offered to buy 8% of the shares of Lin Mingtang's family at 4.2 yuan per share, spending 2016 million yuan, and increased his shareholding to 24.3%, becoming the second largest shareholder of Kowloon Motor Bus Company.

Lei Juekun was not to be outdone and acquired 7.8% of the shares from the Tan Huantang family, bringing his shareholding to nearly 40%, not much different from the shareholding held by Li Wendi and Sun Hung Kai Properties.

The strength of both sides was in a stalemate. Soon, under the planning of Li Wendi, Sun Hung Kai Properties announced that it held 19% of the shares of Kowloon Motor Bus Company and expressed support for Li Wendi to join the board of directors of Kowloon Motor Bus Company and become the chairman of the board.

When the news came out, Lei Juekun was in tears. How could he stop the joint acquisition by the two tycoons? So he began to think about retreating. After all, the stock price was still high and he could make a good profit.

If it was later, when Li Wendi and Guo Desheng held enough shares, he would have nothing but trapped shares in his hands and would also be subject to a run on the board of directors by the two.

However, Lei Juekun, who has controlled the Kowloon Bus Company for many years, is still somewhat unwilling to give up. He is thinking about whether he should attract other people to join in, which may change the situation.

Li Wendi made a big move and renewed the acquisition at a price of 8 yuan per share. At the same time, he announced that he would stop the acquisition after acquiring about 4% of the shares.

Now, investors began to flock to Sun Hung Kai Securities and register to sell Kowloon Motor Bus shares.

Because they know that once the acquisition is completed, the stock price may not even be able to remain at 8 yuan, let alone 6 yuan.

Just when Li Wendi's enemies were about to enter the market to embarrass Li Wendi, they heard the news that the acquisition was completed, and the situation ended in disgrace.

(End of this chapter)