Started from Hong Kong Island

Chapter 336 334 [Half of the assets invested]

Early December
Wing Tai Development Company Limited issued an announcement stating that Li Zhaoji exchanged six development sites in the urban area of ​​Kowloon for 4239.7 million shares of Wing Tai Development Company, and his shareholding ratio increased to 70.8%.

At the same time, the announcement was accompanied by a detailed asset list of Yongtai Construction Company, which had the seal of a professional financial company, indicating that the estimated asset value was authentic. The asset value of Yongtai Construction Company had reached 5.4 million yuan, and its market value was only one-third of its actual asset value.

After being reprinted in major newspapers, the incident ranked third in popularity among Hong Kong news of the day, with political events ranking ahead of it. Investors began to get restless and asked their traders to buy large shares of Wing Tai Construction Company.

As a result, the stock price of Yongtai Jianye Company began to soar, from 2 yuan to 3 yuan. There was no sign of stagnation in the rise, and it seemed to be even more rapid.

According to the total share capital of 8900 million shares of Yongtai Construction Company, the asset value of 5.4 million yuan can be equipped with a share price of at least 6 yuan, or even a little higher. After all, 18 sites of Yongtai Construction Company are under construction, and the profit next year will be higher and greater.

Li Wendi was grinning from ear to ear. Hengxin Investment Company bought a lot of shares of Yongtai Construction Company, about 4%, or 356 million shares, and he also privately bought about 5% of the shares in Sun Hung Kai Securities Company, and it is expected to make a profit of nearly 3000 million.

"Li Zhaoji is worthy of being one of the heads of the four major families in Hong Kong. He can catch up with people like Cheng Yutong and Guo Desheng with such a late-stage effort. The market value of Yongtai Construction was more than 72 million in 4000, but he managed to increase it more than ten times in four years. It is really shocking." Li Wendi exclaimed with a smile.

In his previous life, if Li Wendi had to say which Hong Kong tycoon he admired the most, he would think it was Li Zhaoji. This guy was a typical "latecomer". He left behind a group of Hong Kong tycoons and fought his way out of the situation.

Of course, in this life, it would be difficult for Li Zhaoji to ascend to the position of one of the "Five Major Families of Hong Kong", because Li Wendi has already taken over Li Zhaoji's China Gas Company. Without this foundation, his confidence would be weakened, unless Li Zhaoji could find a replacement.

Crown Land Auction

Many Hong Kong real estate tycoons gathered at this auction, not only to give face to the Hong Kong government, but more importantly, the recovery of the real estate market is a foregone conclusion. Although it has not yet restored to its glory of 72, the signs are already obvious.

"Congratulations, Mr. Li! Your Yongtai Construction Company is very prosperous." Li Wendi clasped his fists and congratulated Li Zhaoji. The current asset value and market value of Yongtai Construction Company are already the leaders among medium-sized real estate companies.

Li Zhaoji and Li Wendi had had many dealings, such as the joint construction of a commercial building in Sheung Wan and the Shatin reclamation project. Overall, they were quite familiar with each other, but Li Zhaoji was not very good at conversation.

"Mr. Li, you are too kind. Yongtai Jianye Company is far behind Changxin Group." Li Zhaoji replied indifferently.

Li Wendi spoke a few more words to Cheng Yu-tung, Li Jiacheng and others, and then the auction was about to begin and everyone took their seats.

The Hong Kong government auction still follows the same old rules. The first piece of land is very ordinary, but it will be moved to a comparable geographical location.

The fact that a 4.3 square foot residential plot of land in Kwai Chung was sold for HK$1530 million shocked many real estate developers and made them more certain of the recovery of the real estate market.

The sixth plot of land is at 69 Mody Road in the eastern part of Tsim Sha Tsui. It covers an area of ​​only over 2 square feet, but some real estate developers are also interested in it.

It was not until Guo Desheng of Sun Hung Kai Properties raised the bid to 3000 million that the real estate developers gave up and left Sino Real Estate Investment Company to deal with Guo Desheng.

Li Wendi listened to the bidding with a faint smile on his face, but Huang Tingfang and his son glanced at Li Wendi, and seeing Li Wendi's smile, suspicion arose in their hearts.

Huang Zhixiang said with a heavy face, "Li Wendi seems to know that Sun Hung Kai Properties will compete with us. Is it possible that this was designed by Li Wendi?"

When Huang Tingfang saw that the price had been raised to HK$3400 million, he knew that Sun Hung Kai Properties' Guo Desheng was determined to win the land, so he chose to give up and replied to Huang Zhixiang, "Maybe, but the possibility of design is very low. It is likely that Li Wendi knew that Sun Hung Kai Properties was interested in this piece of land, but he just didn't remind us."

"That's right! Li Wendi can definitely take the two plots of land in Tsim Sha Tsui East. There's no need to give them to us and Sun Hung Kai Properties." Huang Zhixiang thought of something else, "Will Li Wendi compete with us for the plot of land at 63 Mody Road?"

Huang Tingfang shook his head. "It's hard to say. It probably won't happen. If we do this, everyone will suffer heavy losses. Besides, we at Sino Real Estate have no grudge against Li Wendi, and we have given him enough face."

The ninth plot of land is No. 9 Mody Road, and the starting price is 66 million yuan, which makes Li Wendi feel cold. This price is obviously a temporary modification based on the price of No. 3000 Mody Road.

Li Wendi thought about it and followed with a sign, "3200 million!"

This piece of land is definitely worth more than 3400 million. Both in terms of geographical location and area, it is better and larger than the land at No. 69 Mody Road.

Seeing Li Wendi call out the first price, all the interested real estate developers fell silent. They had no confidence in buying the land from Li Wendi. Instead, Hongkong Land and Swire Properties made bids one after another, raising the price.

However, they did not dare to raise the price too high because they were not very interested in the land in Tsim Sha Tsui East. If Li Wendi played tricks and did not follow suit, they would suffer a loss.

In the end, Li Wendi won the land at a price of 4200 million. Many real estate developers shook their heads. They were not optimistic about the Tsim Sha Tsui East area. If it was cheap and built into a residential building, they might make some profit. The next land was No. 63 Mody Road. Huang Tingfang and his son began to get excited, but they were also a little worried. After all, the two plots of land in Tsim Sha Tsui East were not low-priced, both exceeded the limit of 1000 yuan per square foot.

Seeing that Li Wendi had no intention of bidding, Huang Tingfang breathed a sigh of relief. With one less strong enemy, the remaining ones were just small fry. Sino Properties could even compete with Sun Hung Kai Properties.

Huang Tingfang's Sun Hung Kai Properties acquired the land at No. 3900 Mody Road for HK$63 million.

As for the land in Wan Chai and Causeway Bay, the Hong Kong government put them at the back of the list. Powerful real estate companies came in one after another and raised the price to the peak level since 72, which made Li Wendi shake his head.

Zhang Wentao and others wanted to get involved, but Li Wendi waved his hand to reject it, because it was too expensive. It would not be cost-effective to bid for it now, and it would also interfere with their bidding for the two subway stations.

"Mr. Guo, congratulations! You have acquired a lot of land. The two plots of land in Wan Chai and Tsim Sha Tsui East should be your favorites." Li Wendi said jokingly.

After the auction, everyone chatted for a while and then left in a hurry. After all, everyone was a busy person and no one had much time to chat for too long.

Qi Nian Newspaper Company
Even in the face of Zhao Tianyi's bizarre demands from the Tianqi Newspaper, there were still many newspaper owners willing to meet his demands, so Zhao Tianyi had more choices. The conditions offered by the Qinian Newspaper Company were not the best, and could only be considered above average, so they had little appeal to Zhao Tianyi.

He Qijun approached Li Wendi to get advice from him. He Qijun really wanted to expand the scale and strength of the newspaper company by acquiring newspapers, periodicals, magazines, etc., rather than increasing the value through real estate properties.

"Should we add some high-quality properties?" He Qijun asked.

Li Wendi thought about it and asked in the same way, "What does Yuanhe Newspaper do?"

He Qijun shook her head and said, "I don't know! We are rivals with Brother Jian, so it's not easy for me to find out."

"Honestly speaking, Tianqi Newspaper is only worth this price. If it were to go higher, I don't think it's worth it. It's better to choose other small newspapers and spend more time on organizing them." Li Wendi said, spreading his hands.

"Okay, then I'll think about it again." He Qijun obviously didn't want to give up.

Li Wendi drank the tea in one gulp and said with a smile, "Zhao Tianyi of Tianqi Newspaper just wants to have a good investment. He may not be unpopular with Qinian Newspaper Company."

"Optimistic? Do you mean we can let Zhao Tianyi invest in Qinian Newspaper Company?" He Qijun asked, blinking her big eyes.

"In this industry, everyone knows that we are behind the Qinian Newspaper Company. With our support, it is almost certain that the Qinian Newspaper Company will grow into a giant like the Ming Pao Group. Zhao Tianyi should not refuse. Even if he sells the shares in the future, Zhao Tianyi will be able to make a fortune." Li Wendi said with a smile.

This is a disadvantage for Qinian Newspaper Company, of course, it is a disadvantage for now, and it is unknown how it will be in the future.

"Then how much should we give?" He Qijun was not as excited as she had imagined. She also felt that Qinian Newspaper Company was at a disadvantage.

"At most, Zhao Tianyi is allowed to convert half of his assets, and the stock price must increase by at least 2%." Li Wendi raised two fingers.

He Qijun nodded and said, "Okay, I'll go talk to you in person."

"Don't spread this matter. If we can't reach an agreement the first time, and then spread the news, I believe many people will back off." Li Wendi looked at He Qijun, "If we can't reach an agreement, we have to withdraw too. Don't linger too much."

"I understand." He Qijun felt that Zhao Tianyi's refusal to agree proved that this guy was no longer worth trading with.

In fact, according to Li Wendi's previous style, if Zhao Tianyi did not agree under such conditions, he would use special means, such as digging up the black material of the Apocalypse Newspaper, causing its value to plummet, and then purchasing it at a low price.

After all, Zhao Tianyi is too greedy. People like him need to be taught a lesson.

Li Wendi also believes that few companies can offer such conditions. Today's newspapers are wholly owned or have trustworthy people as partners. They will not look for outsiders to join and create operational uncertainty.

Li Wendi also discussed other matters with He Qijun, such as the expansion of the toy company and the addition of magazine categories.

Today, the Qinian Newspaper Company is a veritable cash cow that can provide a lot of financial support to the company. When the stock market is hot, it can carry out large-scale share offerings to obtain greater development opportunities.

(End of this chapter)