Started from Hong Kong Island

Chapter 332 330 [Hengxin Investment]

That afternoon, Sun Hung Kai Securities announced that Mr. Li Wendi already held 28.8% of the shares of Kowloon Motor Bus Company and stopped the acquisition of Kowloon Motor Bus Company shares.

Some investors who wanted to watch the show and make big money could only sigh and sell the shares of Kowloon Motor Bus Company on the stock market. It is better to make less profit than to get no profit at all.

Lei Juekun himself and his Kowloon Development Company suffered heavy losses. As they had no time to sell off their shares, a large number of Kowloon Motor Bus Company shares were still in their hands. Now was not a good time to sell, so they could only continue to wait for the opportunity.

With a partner like Sun Hung Kai Properties, Li Wendi does not worry about any unexpected situations. However, the excessive concentration of equity in a franchise company is obviously not a good thing.

If the situation continues for a long time, the Hong Kong government may be instigated by some people with ulterior motives to cancel the franchise of Kowloon Motor Bus Company.

Although Li Wendi was not very interested in running a bus company, the profit was too thin. Coupled with the Hong Kong government's control over bus fares, this business was completely "a lot of effort, little profit". However, the Kowloon Motor Bus Company still had incomplete bus routes in the New Territories. It could use this opportunity to apply to the Hong Kong government to occupy more land and help its subsidiaries to improve their land reserves.

So Li Wendi met with Lei Juekun regardless of past grudges, hoping to persuade him to withdraw from Kowloon Motor Bus Company and sell his shares on the stock market.

The Peninsula Tsim Sha Tsui
Li Wendi glanced at Lei Juekun and said seriously, "Mr. Lei, let's not waste any more time talking and get straight to the point. I personally want to buy some of the Kowloon Motor Bus Company shares held by Mr. Lei. The price is 6 yuan per share."

Lei Juekun looked unhappy, obviously not satisfied with the price, "7 yuan per share."

Li Wendi laughed and said, "Mr. Lei should know that Sun Hung Kai Properties and I hold a total of 47.8% of the shares of Kowloon Motor Bus Company. This amount of equity is enough to overwhelm everything. The current Kowloon Motor Bus share price has fallen to 5.4 yuan, but Mr. Lei wants 7 yuan per share. Does Mr. Lei think he has the advantage to convince me?"

"I don't think Mr. Li is out of mercy to rescue me, right? Since Mr. Li wants the stocks I have, it must be very necessary, otherwise why would Mr. Li ask me to talk about this at this time." Lei Juekun sneered.

"Of course it's not out of compassion, but the monopoly of Kowloon Motor Bus. Lei Sheng can also take this opportunity to blackmail me, but Lei Sheng will probably have a hard time in the future." Li Wendi threatened. Of course he was not afraid of Lei Juekun. Kowloon Motor Bus Company was just a way for him to reserve land.

Lei Juekun was a little afraid that Li Wendi would target him. After all, Kowloon Development Company was engaged in real estate development and property leasing. It was the flagship company of the Lei family. If it collapsed, it would be difficult for the Lei family to recover.

"6.5 yuan, Mr. Li wants to take 10% of the shares." Lei Juekun said gritting his teeth.

"Okay, but Mr. Lei has to sell all of his Kowloon Motor Bus shares, and the remaining shares cannot exceed 10%. Of course, this is a verbal agreement and will not be written into the contract." Li Wendi said with a smile.

"I have another unwelcome request, which is to trouble Mr. Lei to personally deal with the people who belong to you in the important departments of Kowloon Motor Bus Company. I think Mr. Lei needs these loyal and capable subordinates to expand Kowloon Development Company." Li Wendi added.

He really didn't want to screen these people because the public transportation industry was not very profitable and he didn't want to waste his limited energy.

Lei Juekun nodded dejectedly and helplessly. If it weren't for the emergence of Sun Hung Kai Properties, he might have been able to surpass Li Wendi in speed and keep the Kowloon Motor Bus Company firmly in his hands.

Hengxin Investment Company
This is Li Wendi's private investment company, specializing in securities and stock market investment. It is managed by his lover Lin Dongmei. Currently, the company has only 10 employees, including Lin Dongmei.

"Boss!" A male employee who was walking and reading a document greeted Li Wendi.

Everyone in the company knew about the relationship between Li Wendi and Lin Dongmei, but they dared not underestimate her in the slightest because Lin Dongmei was a real talent. Some of them even thought that Li Wendi was just a stepping stone for Lin Dongmei.

Li Wendi does not have an office in Hengxin Investment Company, or rather, his office is combined with Lin Dongmei's.

"This is the investment report for the past two months." Lin Dongmei was wearing a professional suit and had a good figure. "The company has 5400 million yuan in cash on its account and holds stocks worth nearly 7000 million yuan."

"The current stock market situation is not very good. The Hang Seng Index fluctuated last month. Although it has little impact on us, it is worth our attention. So I plan to clear out all the stocks of small listed companies on my hands."

In fact, the reason why Hengxin Investment has developed so rapidly, in addition to Lin Dongmei's ability, is that Li Wendi added 2000 million cash investment in the later period.

Hearing this, Li Wendi thought for a moment and said seriously, "I suggest you clear out all the stocks of small and medium-sized companies, unless there are signs of stocks being acquired."

Lin Dongmei still wanted to take the risk and invest in a wave of medium-sized companies, but she didn't expect Li Wendi to be more conservative. "Well, I'll arrange it later."

"I'd like to introduce you to a stock that may have a big increase, but I'm not sure." Li Wendi said solemnly, "Yongtai Construction Company, the chairman of the board is Li Zhaoji."

"Do you mean investing in individuals, not companies?" Lin Dongmei was very smart and guessed what Li Wendi meant at once.

Li Wendi nodded slightly. "Without a good alpha, no matter how good the team is, it's useless. No matter how bad the team is, as long as there is a good alpha, the situation can be reversed. In the current environment, we should focus more on investing in alphas."

"Take Li Zhaoji's Yongtai Construction as an example. When it was listed in 72, its paid-in capital was only more than 2500 million yuan. In 75, Li Zhaoji took over. After more than a year of operation, its current market value has reached nearly 2 million yuan. Which company has such momentum?" "To exaggerate a little, even Changxin Group may not be able to compare with Yongtai Construction."

Lin Dongmei smiled and said, "Boss, you are belittling yourself. You are the one who suppressed the share price of Changxin Group. What can the market value tell us? In terms of asset value, how can Yongtai Construction be compared with Changxin Group? The market value of China Entertainment Real Estate alone is more than 1 million."

"Okay, it just illustrates a problem." Li Wendi said unhappily. In fact, he knew that Li Zhaoji had a foundation. The reason why Yongtai Construction Company developed so fast was the result of the support of Hengji Zhaoye Company.

If there were no Hang Lung Lighting Company, it would be good enough for Yongtai Construction to have a market value of 8000 million.

"Are you angry?" Lin Dongmei took advantage of the situation and sat on Li Wendi's lap, not caring at all that this was an office. "Do you want me to give you a son as compensation?"

What kind of lewd words are these? Giving birth to a son to compensate for being angry?!

"Okay, one is not enough? At least three sons." Li Wendi reached his hand into Lin Dongmei's clothes and pinched the little bear.

The two of them "argued" for a while, and Li Wendi brought the topic back on track.

"Let me recommend a few companies for you to think about carefully." Li Wendi straightened his clothes. "Eagle Properties, Hang Lung, Hopewell Holdings, and Nan Fung Textiles."

"Nanfeng Textile? The first three companies are promising, but Nanfeng Textile seems to be in decline." Lin Dongmei said thoughtfully.

"Nan Fung Investment Company, a subsidiary of Nan Fung Textile, has previously cooperated with Changxin Group to develop a lot of land. Nan Fung Textile will sooner or later develop into a comprehensive group. In the near future, I will release some good news through Changxin Group, including the cooperation of Nan Fung Investment Company." Li Wendi explained lightly.

"Okay, I will buy shares of Nan Fung Textile Company at that time, but I would like to buy a large number of shares of Changxin Group." Lin Dongmei said.

This can be regarded as supporting the boss's stock.

"Our focus is still on those acquisitions. Keep an eye on Nan Lian Hutchison and Indonesian Joint Venture in the next few months. There may be acquisitions happening," Li Wendi reminded.

Speaking of the acquisition, Lin Dongmei naturally became interested and quickly wrote it down with pen and paper.

“Okay, I’ll buy a lot and try to make more money.”

"We also have to take Changxin Group into consideration. The current Changxin Group needs a large amount of acquisition funds in order to become a comprehensive enterprise." Li Wendi pinched Lin Dongmei's nose and said.

Lin Dongmei took Li Wendi's hand away and said in a dilemma, "I want to concentrate on running Hengxin Investment and don't want to be distracted by Changxin Group. Why don't I have someone take my place? Don't worry, I carefully selected this person, there will definitely be no problem."

"Okay! I'll give you a month to deal with the affairs of Changxin Group." Li Wendi saw that Lin Dongmei had proposed to leave Changxin Group for the third time, so he couldn't force her to stay. It would be bad for everyone.

It is of great benefit to Li Wendi personally that Lin Dongmei can concentrate on Hengxin Investment Company, as it will allow him to achieve personal cash freedom.

There will be some impact on Changxin Group, but the impact will gradually disappear as the new manager becomes familiar with the situation. It is only a temporary impact.

After leaving Hengxin Investment Company, Li Wendi came to Sun Hung Kai Securities and arranged for Hu Jinyan to help buy shares of Cathay Securities and International Consolidated Investment.

He remembered that a little-known British company, Baosteel, had recently acquired two companies, Cathay Securities and Indonesian United Enterprises, the former being a full acquisition.

International Consolidated Investment was acquired by the established company Yu Ren Enterprise. Since the event was conducted very low-key, it did not cause much waves in the stock market.

However, Li Wendi believes that as long as the quantity is large enough, good profits can be obtained, and this is only a short-term investment.

"The current share price of Cathay Securities is 1.3 yuan, and the share price of International Consolidated Investment is 0.86 yuan. There are quite a few scattered shares of both companies in the market, so we should be able to acquire a considerable number of stocks," Hu Jinyan reported.

"Buy it secretly! Try to buy more than 5%." Li Wendi said, "At the same time, help me buy shares of Yongtai Construction Company. The same principle applies. The more the better. Don't pay too much attention to the stock market situation."

Hu Jinyan did not think that Li Wendi was going to acquire Yongtai Jianye Company because he knew that this was the company of the boss's brother Li Zhaoji. Li Zhaoji himself already held 42% of the shares and was quite powerful. No matter how strong Li Wendi was, he would not do something with such a small chance of winning.

(End of this chapter)