Started from Hong Kong Island

Chapter 334 332 [Negotiation]

Starlight Real Estate Office

Zhao Lekai handed Li Wendi a stack of reports, then sat down and said, "The 4000 million yuan of funds have all been used to buy gold, and the company has recovered 2400 million yuan of funds. Should we continue to buy gold?"

"Stop for a moment. I have other plans for these funds." Li Wendi asked cunningly, "I remember that the company owns a commercial building in downtown Kowloon. What is its current market value?"

Zhao Lekai thought for a moment and responded, "This building was just purchased from another company for 2100 million yuan. The company still owes the bank a loan of 1500 million yuan. The market value should be around 2600 to 3000 million yuan."

"The funds in the company's account are 3400 million, right?" Li Wendi remembered the amount of funds in the account.

"Yes!" Zhao Lekai didn't know what the boss meant exactly and was a little confused.

"Let's pay off all the loans first." Li Wendi said with a smile, "If I want to use this property to cheat someone and make him lose tens of millions, and I need to get the other party's collateral, what do you think?"

Zhao Lekai's eyes widened, thinking that the boss was going to 'kill one thousand enemies and lose eight hundred of his own'. But then he changed his mind and felt that since the boss had already achieved so much, it seemed reasonable for him to play around a bit.

"This building covers an area of ​​3.6 square feet, but it was built in 1959, so it is a relatively old building. We can sell it at a high price and then publicize some supernatural events inside to greatly reduce its value. We can also ask the creditors to embezzle the other party's collateral for various reasons, and then we can take the collateral away at a slightly higher price." Zhao Lekai suggested.

"What if I don't want the other party to find out that it was a trap I set?" Li Wendi smiled, his eyes fixed on Zhao Lekai.

Zhao Lekai understood and said, "Boss, why don't you leave this matter to me? I guarantee that you will be satisfied. The other party's loss will not be less than 10 million. However, I hope to use other properties under the company, because a commercial building may not be able to lose so much money."

"Okay! Make a list of what properties you need, or you can use the company's funds to create other properties." Li Wendi still felt a little distressed about the high-quality properties under Starlight Real Estate Company.

"Then how much money can I use?" Zhao Lekai said with shining eyes. He understood that his boss was worried that if too much company property was used, the other party would become aware of the situation.

Li Wendi raised three fingers and said with a smile, "3000 million!"

"That's enough. I will definitely do this for the boss." Zhao Lekai immediately expressed his loyalty.

Such obscure matters were given to Zhao Lekai to do. Obviously, Li Wendi treated him as his confidant. Of course, he was happy because the previous manager of Starlight Real Estate Company was already the executive director of Changxin Group. He might not be unable to serve as the executive director of other listed companies in the future.

"Keep this matter secret and don't alert the other party. Our goal is to get the other party's collateral." Li Wendi reminded again.

Li Wendi had no interest in anything else except the shares of Chen’s Jewelry Company.

Of course, he had no interest in taking over Chen’s Jewelry Company. He just wanted to see the anger, loss and resentment on the faces of Chen Fenben and his son, especially the old man Chen Fenben. Chen Xingting was just a clown.

Li Wendi once again received a large number of industrial buildings built by Eagle Properties for sale. According to the survey statistics of Changxin Group, Eagle Properties has put 120 million square feet of industrial buildings on the market, with a profit of about 5000 million yuan.

The most important thing is that this money has been invested in the residential building sector. Eagle Properties has acquired at least 20 square feet of residential land, which can be used to build residential buildings with a construction area of ​​more than 100 million square feet.

Li Wendi didn't want to restrict the development of Eagle King Real Estate Company, but Luo Yingshi was the main competitor of Mingcheng Real Estate Company in industrial buildings, so he had to pay attention to him.

Now that Eagle Properties has shifted into the residential building sector, Ming Shing Properties can take the opportunity to seize the market left by Eagle Properties.

Ming Cheng Real Estate Company
After Li Wendi finished the high-level meeting, he met with Gao Yi alone and explained some things to him.

"Boss, what you mean is that we should acquire more old industrial buildings, demolish and rebuild them? But if we do this, our workload will double, and the profit will only be 6% to 7% of what it was before. It would be better for us to directly develop industrial land, right?" Gao Yi's reaction was a bit exaggerated.

Li Wendi's face was not so good. He said, "Mingcheng Real Estate Company has sufficient funds. The project can be subcontracted to an outside construction company. How can it reduce the company's profits?"

"This will not hinder Mingcheng Real Estate Company's work in developing the land. On the contrary, it can bring greater benefits to Mingcheng Real Estate Company and it can transform into a leader in other fields in the future."

"Other areas? Does the boss have other plans?" Gao Yi grasped the key point and asked urgently.

Li Wendi glanced at Gao Yi and said, "Mingcheng Real Estate Company wants to use industrial properties to earn a lot of profit funds to prepare for entering the hotel industry in the future. It can even be said that Mingcheng Real Estate Company will be the flagship hotel company of Changxin Group."

Ducheng Real Estate Company is the flagship in property rental, Mingcheng Real Estate is the flagship in the hotel industry, and Changxin Group is still responsible for the development of residential buildings, Gao Yi thought.

"Okay, I will personally handle the boss's plan." Gao Yi continued to ask, "Boss, can Mingcheng Real Estate Company take over Yonggao Company, which is your private company, to prepare for the future?"

Li Wendi smiled. These guys were all hungry wolves. They jumped at the smell of blood after seeing the opening. "Yonggao Company belongs to Changxin Group. The land in Central will be the headquarters of the group in the future. We can't give it to Mingcheng Real Estate."

Seeing that his goal had not been achieved, Gao Yi came up with another plan: "The boss has a lot of land in downtown Kowloon. Why not give it to Mingcheng Real Estate Company to build the company's first hotel? This will also help the company gain some experience."

Li Wendi pointed at Gao Yi and said with a smile, "You guys are always staring at the little bit of stuff I have. Can't you go and compete with other companies? If you get the land, which construction company do you want to hire to be responsible for it?"

Wenyan Construction Company has no experience in building hotels. Since Mingcheng Real Estate Company is interested in building its own hotel, Li Wendi will not stop it. After all, it will be built into a hotel in the future, just a little earlier. Wenyan Construction Company can also accumulate experience in this area earlier.

Gao Yi quickly said, "I don't have any idea yet, but I will study it carefully and hold a bidding meeting as soon as possible."

"Well! Then you can contact Zhao Lekai of Xingguang Real Estate Company, and negotiate the price and other matters yourselves." Li Wendi waved his hand, indicating that he would be a hands-off boss in these matters.

"Yes!" Gao Yi was a little happy. He knew that the things in the hands of Starlight Real Estate Company were almost all good things, which were collected by the boss with great effort.

Although the company acquired by Yingzibao is not well-known, it is very bold and announced two acquisitions at once: the full acquisition of Cathay Securities Co., Ltd.'s shares at 1.95 yuan per share, and the acquisition of Indonesian United Enterprise Co., Ltd. at 0.88 yuan per share.

The two companies are not big companies, but the two acquisitions were launched together, which shows that Baoda Company is also a seriously undervalued company, and it also caused ripples in the market.

Li Wendi immediately asked Sun Hung Kai Securities to help register the sale. Although the profit from this transaction was not much, it did not require much effort, and it was as fun as sitting and making money. No wonder Xiang Zhiqiu liked to speculate in stocks in his previous life. Even if real estate made a lot of money, he would not intervene.

Li Wendi naturally doesn't need to worry about Lin Dongmei, as Lin Dongmei will handle these things well.

A few days later, Yu Ren Enterprise Company also acquired International Consolidated Investment Company in a cash transaction at a price of 1.63 yuan per share.

Li Wendi made a profit of more than 1000 million from these two acquisitions (Cathay Securities and International Consolidated Investment) and earned a high-quality industrial building in a short period of time.

No wonder rich people in previous lives said that it is difficult for poor people to make money, but it is relatively easy for rich people to make money.

At the same time, Li Wendi heard that the competition in the department store industry was very fierce. Sincere Department Store and Wing On Department Store were engaged in a fierce price-cutting competition with foreign department stores such as Matsuzakaya, Isetan, Tokyu, Jusco, and Mitsukoshi in Japan. However, Japanese department stores have always been known for their high quality and low prices, so local snakes such as Sincere Department Store and Wing On Department Store only had a slight advantage.

However, these advantages do not seem to last long, because foreign department stores have stepped up their advertising campaigns and will soon equalize the only advantages.

In fact, Wellcome Supermarket under Jardine Matheson and ParknShop Supermarket under Hutchison Whampoa are also competing fiercely, constantly lowering prices to force the other side to death, and now both are operating at a loss.

When big companies are "fighting", ordinary people will naturally take the opportunity to get a bargain. Whether it is clothing or daily necessities, there are huge sales volumes.

Li Wendi looked at the report on the newspaper and couldn't help laughing. "Fighting more and spending more money will be more beneficial to my next plan."

It’s not that Li Wendi doesn’t want to enter the department store and supermarket industry, but he is too weak, and even if he squeezes into this industry, he won’t be able to last long. In this industry, all other means are secondary. The most important thing is to have a lot of financial support. Once he retreats, the previous losses will not be recovered.

Li Wendi felt it was a pity that Jardine Matheson had no interest in the department store and supermarket industry, otherwise it could have been weakened.

Zhang Wentao knocked on the door and came in. Li Wendi motioned for him to sit down and talk.

"Boss, the Hong Kong government is preparing to hold an auction of government land. There are three plots of land in the Tsim Sha Tsui East area." Zhang Wentao reported.

"Where exactly is it?" Li Wendi asked, touching his chin. He mainly wanted to see if it was the two pieces of land near the sea. If it was those two pieces, he would take them no matter what the cost.

“是么地道66号、69号以及63号。”张文韬继续汇报“只有69号是2.3万平方尺，其他两幅地皮都是3万平方尺以上的面积。”

Li Wendi thought about it and realized that in his previous life, No. 69 Mody Road was the famous Royal Garden Hotel, owned by Sun Hung Kai Properties; No. 63 and No. 66 Mody Road were jointly owned by Sino Real Estate Investment Company and the Huang Tingfang family.

There is a reason why the latter is known as the landlord of Tsim Sha Tsui East. At its peak, it owned 8 plots of land and properties in Tsim Sha Tsui East, with a total rental area of ​​more than 200 million square feet.

Li Wendi knew the development prospects of the Tsim Sha Tsui East area and certainly did not want Huang Tingfang to continue to be the landlord of Tsim Sha Tsui East. However, it seemed that it was not easy for him to bid for two plots of land. (He did not want to compete with Sun Hung Kai Properties for the Royal Garden Hotel land.)
"We are mainly bidding for plots 63 and 66. As for plot 69, we choose to let it go," said Li Wendi after making the decision.

"Yes! Then are we going to bid for other government lands?" Zhang Wentao asked. He didn't know why the boss gave up No. 69 and didn't ask any further questions. He just felt that it was unlikely for them to win three plots of land. Maybe the boss wanted two large plots of land.

Li Wendi looked at the auction list, thought for a while, and said, "The land in Wan Chai and Causeway Bay will definitely be hotly sought after by those companies. We won't join in the fun, but I am a little interested in the two small plots of land in the urban area of ​​Kowloon. You can try to bid for them. If the price is not expensive, you can take it."

"There are also a lot of residential and industrial land there. Inform Mingcheng Real Estate Company and ask them to focus on industrial land. Changxin Group can strive to acquire more residential land."

"How is the funding? Can it support this auction?"

"It should be possible. The fundraising and share offering are already prepared. We can get 5400 million yuan in funds, plus the capital recovery from some residential properties, we can almost pay it off." Zhang Wentao replied.

"Okay, go and prepare." Li Wendi said.

Li Wendi had a vague feeling that the Cheung Hsin Group might not be able to win the two plots of land in Tsim Sha Tsui East in this official land auction, because Sino Real Estate Investment Company did not suffer much damage in the 73 crash, and there had been no news of any important acquisition activities. Instead, it was developing its land very steadily, and it should have accumulated a considerable amount of funds by now.

Huang Tingfang has a special liking for the land in Tsim Sha Tsui East. It is very likely that he will make a drastic move this time, so the force with which he will raise the price of the land will not be small.

"It's a tough battle, but the Huang Tingfang family is an outsider. No matter what, we can't let them gain too much advantage." Li Wendi has fully accepted his identity as a Hong Konger.

Soon, the secretary came in and said to Li Wendi, "Boss, this is an invitation letter from Sino Real Estate Investment Company. Please come and visit us."

Li Wendi was slightly stunned. This was a case of 'speak of the devil and he will appear'. It seemed that Huang Tingfang was also afraid that the bid would be raised.

He took the invitation letter and opened it. It didn't mention anything. "Did the other party say what it was about?"

"The other party mentioned it and said that they were discussing the auction."

"Okay! I get it, go out and work."

"Yes!"

After the secretary left, Li Wendi smiled, "It is indeed powerful. The Huang Tingfang family has considerable influence in Hong Kong, but we still have to bow down first."

During this period, the strength of the Huang Tingfang family and Sun Hung Kai Properties was not much different from that of Great Eagle Properties and the Luo family. All of them were upper-middle class families in Hong Kong.

The Li Wendi family is not much different from them in other aspects, but in terms of financial resources, the Li Wendi family is more than one step ahead, so the Li Wendi family gives the outside world a stronger sense of déjà vu.

Of course Li Wendi had to attend this banquet. Such private negotiations could avoid some financial losses and would not benefit the Hong Kong government.

(End of this chapter)