Started from Hong Kong Island

Chapter 342 340 [Shocked]

Chen Xingzhou has been immersed in the business world for many years, so he naturally has some abilities. Although Chen Fenben is very experienced, the two of them fought back and forth, and the father and son enjoyed the fight very much.

The Chen Fenben family has been doing business in Hong Kong for many years and has some enemies or rivals. When they heard about the fight between the father and son in the Chen family, they naturally wanted to see the show, but they felt that there were not enough audiences, so they reported the matter to the gossip magazines.

The struggles among wealthy families have always been the favorite of Hong Kong citizens. Once there is such a drama, the sales of that issue of the magazine will definitely be very good. Therefore, the struggles within the Chen Fenben family were described with exaggeration, including more explanations about the fight for women.

Li Wendi couldn't help laughing when watching such gossip. It seemed that Chen Fenben's days were numbered, otherwise he wouldn't have resorted to such a desperate measure to test Chen Xingzhou's ability. Of course, without his interference, Chen Fenben was much more likely to take back Chen's Jewelry Company. Perhaps this was also his purpose.

But no matter how you look at it, Chen Fenben's family has lost face. For a while, it was difficult for them to hold their heads up in Hong Kong. After all, the family scandal was also one of the focuses of attention of Hong Kong's upper class.

Although Li Wendi really hopes that Chen Xingzhou will win and Chen Xingzhou's advantages are quite obvious, she still has some concerns in her heart because of Chen Fenben's experience and connections.

Chen Fenben has started selling the three commercial buildings purchased by Chen Xingting. At first, Chen Xingting had some complaints, thinking that Chen Xingzhou could not shake his position. But when Chen Fenben said that Li Wendi was manipulating behind the scenes, Chen Xingting immediately became worried and no longer complained about the sale.

Unfortunately, the story of the Chen family had already spread in the business world. Even though the three commercial buildings had good geographical locations and other conditions, they were still inevitably undercut by competitors. Some even offered 7% of the market price, causing Chen Xingting to curse.

Although Chen Fenben was anxious to cash out, he would not accept such an unreasonable offer. Even if it was 9% of the market price, Chen Fenben would not sell it.

Now some colleagues started to get anxious, and the prices they offered gradually became closer to the market price, hoping to acquire one or two buildings. After all, everyone knows that land prices are constantly rising, and buying in means making money.

Chen Xingzhou was a little anxious. Once his father Chen Fenben sold the properties and recovered the funds, he would lose his 25% stake in Chen’s Jewelry Company. How could he become the largest shareholder of Chen’s Jewelry Company and control the entire company?

Following Chen Jinxi's suggestion, Chen Xingzhou began to spread the news of Chen Xingting's debts and the current situation of the jewelry company. Suddenly, those real estate developers who offered market prices disappeared without a trace.

Everyone knows that Chen Fenben is just trying to hold on. After some time, Chen Fenben will come and beg them for help. At that time, even if the price is 7% or 8% of the market price, Chen Fenben will accept it with a pinch of his nose.

At the same time, Chen Xingzhou asked Li Wendi to instruct those people to start collecting debts, and even arranged for reporters to report the entire incident. It seemed that the time had come to use any means necessary.

As soon as this incident happened, all stores of Chen’s Jewelry Company were affected, with less customer flow and less capital flowing back.

But Chen Fenben was somewhat happy. He had thought it through. After all, they were his sons, so he had to clench his fists to show strength. Besides, he had given his eldest son many chances, but they ended up in his current situation.

If I die in the future, who will clean up the mess for Chen Xingting? If I leave it to Chen Xingzhou, perhaps Chen Xingting can still live a rich life.

"It's my turn to make a move again!" Chen Fenben lay on the armchair, grinned, and then ordered the butler beside him to announce the plan.

Then word spread in the market that a foreign investor was willing to pay a 2% premium to acquire the three commercial buildings owned by Chen’s Jewelry Company.

A group of real estate developers stared with their eyes wide open, not knowing what to do. A 2% premium was a bit too high, and they certainly didn't want to compete, but they felt it was a pity to see such a plump chicken leg flying away.

Li Wendi would not indulge Chen Fenben. Although he promised Chen Xingzhou not to interfere, he saw that Chen Fenben was about to escape, so he would have to bear some losses.

He has always been shrewd, so how could he accept the result of Chen Fenben getting out of trouble? So he ordered the financial company to collect the debt immediately and filed a complaint in court, demanding that the other party pay off the loan within a week, otherwise he would forcibly "eat up" the collateral.

Tsim Sha Tsui Happy Tea House
Chen Xingzhou asked in a somewhat accusatory manner, "Mr. Li, didn't you promise me not to interfere? Why did you accuse me directly? This will deal a huge blow to the reputation of the jewelry company."

Li Wendi smiled and said, "Mr. Chen, I did promise you, but that was conditional. It means you have the ability to handle this matter, but now you seem to be weak in the follow-up. If your father escapes from the predicament, my Xingguang Real Estate Company will suffer losses. Is Mr. Chen willing to compensate me for these losses?"

The two have a good relationship, but everything is based on interests. If Li Wendi goes bankrupt one day, Chen Xingzhou will certainly not help Li Wendi, and may even step on her.

"." Chen Xingzhou was speechless for a moment, because what Li Wendi said was true, but he felt unhappy because Li Wendi's words were a little inhumane. He thought that he had a good relationship with Li Wendi and should be able to do this.

"Mr. Chen feels that I didn't handle it well. So how does Mr. Chen want to deal with your father's moves?" Li Wendi asked.

Chen Xingzhou touched his chin and replied, "Of course, it's to expose the inside story. I guess there is no foreign businessman who wants to buy those three buildings."

"I think your father has guessed what you are doing. It takes time to expose it. How long do you want to take, Mr. Chen?" Li Wendi said meaningfully. It was obvious that Chen Fenben wanted to create a time difference, and the possibility of success was very high.

Because Chen Xingzhou had an illusion, once the transaction was completed, the dilemma would naturally be resolved. Although the jewelry company suffered some losses, they were not large. Relying on the prestige accumulated by Chen Fenben over decades, everything became invisible.

Chen Xingzhou understood what Li Wendi meant and sighed, "I understand what Mr. Li meant."

"Mr. Chen is also a shareholder of Chen's Jewelry Company. He can deal your father a final blow by convening a board meeting to demand the removal of Chen Xingting from his position and hold Chen Xingting accountable. He can also release the news if necessary." Li Wendi smiled sinisterly.

Chen Xingzhou thought about it and nodded in agreement. His father's defeat was already decided, it was just a matter of more or less struggle.

Now, even without Chen Xingting's help, Li Wendi can still manipulate Chen's Jewelry Company. After all, the 25% stake is likely to fall into his pocket.

The Chen family's affairs had not yet been concluded when Li Wendi received a shocking piece of news.

The stock price of Wheelock Company has been rising abnormally. It seems that someone is buying its stock, and buying it in large quantities. Some people intend to acquire Wheelock Company.

The first thing Li Wendi thought of was the Hong Kong Land Development, because the Hong Kong Land Development had attempted to acquire it more than once. After the last failed negotiation with HSBC's Mr. Shen Bi, it remained silent for a while.

Li Wendi knew that the determination of Hutchison Whampoa to acquire Wheelock Group would not die, and that the offensive would only become more fierce with each passing day. After all, only Wheelock Group could make up for the losses caused by the loss of Wharf Holdings.

In the previous life, the charter king completed the acquisition of Wharf Holdings in 80, and the Hong Kong Land Development launched a 82-month acquisition plan for the Hong Kong Electric Company in 9. It finally acquired 83% of the shares in 34.9 and took over the electric company.

Unfortunately, the acquisition, which cost 28 billion yuan, did not last long. Due to financial difficulties, the Swire Properties sold the Electric Light Company to Li Jiacheng.

Although both are large companies, Wheelock & Company has a better future than Hong Kong Electric Company. The Wheelock House, Lane Crawford Building, Federal Building and International Building in Central alone are worth a fortune, with a market value of more than 12 billion yuan. If Li Wendi had to choose between Wheelock & Company and Hong Kong Electric Company, he would choose Wheelock & Company without hesitation.

"Boss, I've checked it out. There aren't any major moves by Jardine Matheson and Hutchison Whampoa. A large amount of Wheelock's shares have been cashed out. It can't be them." Zhang Wentao reported.

"Who could that be?" Li Wendi couldn't guess the other party's identity.

At this time, Wheelock & Company was no longer in the same situation as in 84 and 85. It was still firmly at the bottom of the four major trading companies in Hong Kong. In addition, Zhang Yuliang had not yet wanted to withdraw from Hong Kong due to the family scandal and his pessimistic view of Hong Kong's future, so it was difficult for Wheelock & Company to succeed in the acquisition.

Unless you can pass Zhang Yuliang's test, it will require huge financial resources.

There are only a handful of people or companies in Hong Kong with such strength, and Li Wendi is not one of them.

This doubt did not last long. On the third day, Li Wendi learned that the person who wanted to acquire Henderson Land Development was Li Jiacheng of Cheung Kong Holdings. Li Jiacheng had discussed the matter with Zhang Yuliang.

Zhang Yuliang remained the largest shareholder of Wheelock and Company, and Li Jiacheng was responsible for the operation of Wheelock and Company, replacing John Madden.

However, John Madden was not willing to be kicked out, so he hurriedly found Jardine Matheson Land Development and requested an alliance with it to resist Li Jiacheng's takeover.

Newbigin and Bowdoin of the Jardine Matheson Group were overjoyed and immediately approached HSBC to ask for a large loan.

Upon seeing this, HSBC Bank's Shen Bi realized the seriousness of the situation and found Li Jiacheng, trying to persuade Li Jiacheng to give up the idea of ​​controlling Wheelock Company.

Li Jiacheng did not want to come into conflict with HSBC's financial backer, Stephen Sham, so he agreed and gave up the idea of ​​controlling Wheelock.

When Li Wendi heard that HSBC's Stephen Simpson had approached Li Jiacheng, he knew that, just like in his previous life, Li Jiacheng would most likely not continue with the acquisition, so he ordered Sun Hung Kai Securities and Hengxin Investment Company to sell Hutchison Whampoa shares at a high price and make a fortune.

Hengxin Investment Company Office

"Boss, this time the stock price of Wheelock Holdings soared, and we made a profit of 8700 million yuan, with a return rate of more than 8%. Isn't that amazing?" Lin Dongmei smiled and fell into Li Wendi's arms.

"Very impressive!" Li Wendi consciously placed his hands on the two pieces of flesh and pinched them a few times. "What is the current asset value of the company?"

Lin Dongmei did not feel uncomfortable at all, and she panted softly as she replied, "It's close to 200 million. Does the boss want to mobilize funds?"

"Not yet. You recently bought shares of City Hotel. Be careful not to let anyone find out." Li Wendi said with a serious face.

Lin Dongmei was slightly stunned, and then asked, "City Hotel under the Landmark Company? The company is 52.6% controlled by the Landmark Company. We will not have the opportunity to acquire it."

Li Wendi smiled and said, "I am not acquiring the City Hotel, I am just investing in it. I have received news that Hong Kong Land will privatize the City Hotel in the near future, and we can make more money."

"Is that so?" Lin Dongmei put her head back.

Although Li Jiacheng did not succeed in the Wheelock Company incident, he made a lot of profit, estimated to be tens of millions, and also gained favors from HSBC Bank.

Li Wendi knew very well that it was a foregone conclusion that Li Jiacheng would take over the shares of Hutchison Whampoa from HSBC.

In terms of quality, Wheelock Properties is certainly not as good as Hutchison Whampoa. First, its assets and the scale of the industries it involves are large. Second, Hutchison Whampoa has no family control, only a stronger boss, Wills.

As long as there are enough management talents and shares that control the board of directors, Hutchison Whampoa will belong to that person.

Li Wendi sighed secretly, there is still a long way to go!

Starlight Real Estate Company
Chen Xingzhou came to discuss the share mortgage with Li Wendi.

"Mr. Li, can you transfer the 25% mortgage debt of Chen's Jewelry Company to my name?" Chen Xingzhou asked. He also didn't want Li Wendi to interfere in the affairs of Chen's Jewelry Company and affect his control over the company.

"Of course, but how does Mr. Chen want to transfer it? Replace the collateral or settle the account?" Li Wendi said, "Where are the interests of Xingguang Real Estate Company?"

Li Wendi did not help Chen Xingzhou gain control for free. In addition to venting his anger, he also had interests to pursue.

"How about I try to let Xingguang Real Estate Company take back the commercial building in Kowloon city and buy the other two commercial buildings at 9% of the market price?" Chen Xingzhou asked seriously.

"Okay! But I would like to make a request, a small request. 25% of the 20% pledged shares can be returned, and the remaining 5% will belong to Starlight Real Estate. At the same time, I will send someone to the board of directors of Chen's Jewelry Company. What do you think, Mr. Chen?" Li Wendi said with a smile.

Chen Xingzhou was silent for nearly half a minute, and then replied, "Okay! We'd better sign an agreement. As long as I am in Chen's Jewelry Company, Xingguang Real Estate Company will support me as the controlling person."

"Of course!" Li Wendi nodded.

Li Wendi had no intention of taking over Chen's Jewelry Company. Initially, he wanted to teach Chen Fenben and his son a lesson and take revenge, but now he just wants to maximize his profits.

Starlight Real Estate Company has acquired three commercial buildings. The land price will skyrocket next year, and he believes it is possible to make one or two times the profit.

As for Chen Fenben and his son, they naturally suffered heavy losses. It is roughly estimated that they lost at least 1200 million yuan, and they lost control of the jewelry company and became marginal figures in the family.

Once Chen Fenben dies, Chen Xingzhou will control the entire Chen family, and Chen Xingting will become an idle person from then on.

(End of this chapter)