Started from Hong Kong Island

Chapter 341 339 [Father and Son Fight]

(The new book has been released, you can go and have a look.)
76 finally passed and 77 arrived as expected.

The health of Chen Fenben, the nominal head of Chen's Jewelry Company, has finally improved. His confidant reports to him various situations of the jewelry company, including that Chen Xingting misappropriated public funds to buy properties without authorization and that Chen Xingzhou acquired shares of other shareholders.

Although these things will be kept confidential, it is difficult to keep them secret all the time, and there is no guarantee that no shareholder will betray Chen Xingzhou. Of course, Chen Xingzhou expects that things will be leaked.

Chen Fenben was so angry that he was gasping for breath. Fortunately, there was an oxygen mask next to him, otherwise his confidant would have been worried that Chen Fenben would not be able to catch his breath and would die directly.

Private room in Hong Kong Sanatorium and Hospital
"Xingzhou, we have made an agreement before, and you also promised not to take any other actions against the jewelry company. Why do you want to buy those shares privately? Who instigated you? Is it Li Wendi?" Chen Fenben's eyes were red and his face was a little ferocious, as if a tiger was roaring.

Chen Xingzhou was very clear about Chen Fenben's condition, and he quickly comforted his old father, saying, "Dad, you don't know that my eldest brother has been speculating on real estate and even mortgaged the shares of the jewelry company. I am also buying shares from those shareholders to prevent people from eyeing our family's assets."

"Don't worry, Daddy. If nothing goes wrong, the jewelry company will still be his. I am just the last line of defense for the jewelry company. The jewelry company cannot fall into the hands of outsiders."

Chen Fenben sneered a few times and said, "These little tricks of yours are all left over from me. How could I not know what you are thinking?"

Seeing that Chen Fenben didn't believe it, Chen Xingzhou stopped talking and chose to remain silent.

He has already done these things, and any amount of excuses he makes will be in vain. Besides, even if Chen Fenben came out of the mountain, he can't save the situation now.

Because before he came, he had heard that Chen Xingting had taken out a loan to buy a Grade A commercial building in Sheung Wan, with a capital of 5000 million yuan, of which 4000 million yuan was loaned.

All in all, Chen Xingting's debts already exceed 7800 million yuan, which is not far from the asset value of Chen's Jewelry Company.

"Tell me the truth, is it you who is behind Starship's crazy investment in properties? Or is it that Mr. Li?" Chen Fenben calmed down a little, but his chest was still heaving.

Chen Xingzhou replied, "No matter how I explain, Daddy, you have already determined that I did it, so why should I explain more?"

"I don't want you to explain, I want you to tell the truth." Chen Fenben took off his oxygen mask. "Li Wendi is not a good person. If the Chen family falls into his hands, I will never rest in peace."

"When you cooperate with him, you should be careful. Don't just think about the benefits and how to gain them. Think about Li Wendi's purpose and whether there are any means to restrain Li Wendi. If not, think about the worst consequences."

When Chen Xingzhou heard that Chen Fenben was no longer defending Chen Xingting, his expression eased a little. Of course, he also suspected that Chen Fenben wanted to test him.

"Mr. Li and I have had dealings and cooperation, but we have not colluded in this matter." Chen Xingting continued, "Does Dad want the jewelry company to fail in the hands of Big Brother, and is he unwilling to trust me for once?"

Chen Fenben closed his eyes reluctantly. His palms and backs of his hands were all flesh. He didn't know how to choose. He just lied to himself again and again that his eldest son would grow up and he should be given more opportunities. Unfortunately, he didn't expect that his eldest son would be so bold and take such risks in business. He seemed to have seen the scene where the jewelry company was defeated by Chen Xingting.

However, he still had many concerns. He was worried that his eldest son would lose the jewelry company and that the family would become weaker from generation to generation.

"I've already given you the real estate company. Why do you want to take even the last bit of the property?" Chen Fenben paused and sighed, "You and your eldest brother should run the jewelry company together. This is the biggest concession I can make."

Chen Xingzhou raised his lips and said with a smile, "It's too late. Big brother will be kicked out. It's only a matter of time. Daddy, this is the result of your life's hard work. I will protect it well and will not let outsiders take it away."

"As expected, you have colluded with Li Wendi. What conditions did Li Wendi give you?" Chen Fenben asked dejectedly.

At this time, Chen Xingzhou felt that there was no need to pretend anymore. He picked up a banana, peeled it and started eating it. He said, "The condition is of course to give me the jewelry company. It was you, Dad, who bribed the newspaper and did those things before. If not, Li Wendi would not have made things difficult for the Chen family."

Chen Fenben fell silent. He did do it, so there was no need to deny it. However, he regretted it a little. If he had admitted defeat and stopped fighting Li Wendi, he might not have been in such a dilemma now. "Li Wendi first instigated you, and then fed Star Boat's appetite little by little, letting Star Boat walk into the trap step by step. I guess all the commercial buildings in the city are owned by Li Wendi, right? The loan should also have been arranged by Li Wendi?" Chen Fenben laughed instead.

The plan is not complicated. The key is to grasp human nature. Li Wendi is powerful and Chen Xingzhou is just going with the flow.

In fact, Chen Xingzhou had to follow Li Wendi to do this because he was very worried that Li Wendi would force his way through and directly acquire the Chen Jewelry Company. In that case, the Chen family would lose face in Hong Kong and would not dare to show up at any banquet in the future.

Now at least the jewelry company can be taken back, of course Chen Xingzhou’s selfish motives are also at work.

One thing Chen Xingzhou learned from Li Wendi was that he had to have a stable industry as a retreat, and his retreat was Chen’s Jewelry Company.

"Since Daddy has already guessed it, why ask again?"

"Xingzhou, are you not interested in fighting with me? If you win, the jewelry company will naturally be given to you. If you lose, Hengyao Real Estate Company will be returned to me. How about that? But I have a condition, that is, Li Wendi cannot come here to interfere again." Chen Fenben said with a smile.

Chen Xingzhou became cautious because Chen Fenben's attitude made a 180-degree turn and he was actually willing to hand over the jewelry company to him, and Chen Fenben's side was at a clear disadvantage.

"What? You don't dare?" Chen Fenben asked.

"Okay! Then I will learn from your teachings, Daddy." Chen Xingzhou said.

The next morning, Chen Xingzhou found Li Wendi and informed him of the matter.

Chen Xingzhou thought it would take some effort to convince Li Wendi, but Li Wendi agreed immediately.

Li Wendi's idea was very simple. His purpose of disgusting Chen Fenben and his son had been achieved. Moreover, he would most likely be able to obtain those mortgaged shares, which would be enough for him to enter the decision-making level of Chen's Jewelry Company and restrict some actions of the Chen family in the future.

Now that he can see the father and son fighting again, Li Wendi has no reason to refuse.

Mid June

Dachang Real Estate Co., Ltd. announced the acquisition of Huali Enterprise Co., Ltd. at 3.3 yuan per share, a premium of 30%.

Huali Enterprise Co., Ltd. was established in 1962. The company's main business is construction, and it also has a small number of properties for rental.

This is a small company, but it is well-known in the Hong Kong construction industry. It has rich experience in the construction of commercial buildings and residential buildings, and can fully make up for the future losses of Dachang Real Estate Company on its investment in Taikoo Chang Development Company.

Li Wendi and Hengxin Investment Company hold a lot of Huali Enterprise Company shares, about 6% and 4%, a total of 10%.

So, Chen Detai came in person to discuss the sale of the stocks and offered a 35% premium.

Li Wendi said that he would not take advantage of Dachang Real Estate Company and would only take 30% of the market price. It was not that Li Wendi thought the money was too much, but there was no need to lose a favor for just a few hundred thousand dollars.

Moreover, there are many cooperative projects between the two parties, so there is no need to "focus on money rather than people".

This was a relatively small acquisition and did not cause much shock to the stock market, not even a ripple.

(End of this chapter)