Started from Hong Kong Island

Chapter 350 348 [Demand some interest]

At this time, Mingcheng Real Estate Company had made a lot of profits from the development of industrial buildings, with tens of millions of cash quietly lying in the account. Gao Yi naturally had to find a way out for the funds and a direction for investment.

Li Wendi needed a very high-end hotel. He felt it had to be a four-star hotel or above, not a two-star hotel like the Golden Pavilion Hotel. However, remembering the request he had previously agreed to for mid- to low-end residential development to Gao Yi, he found it difficult to refuse.

Moreover, the Golden Pavilion Hotel plus the Golden Pavilion Development Company are completely in line with the current industrial development positioning of Mingcheng Real Estate Company. Once missed, it may not be easy to find such a buy-one-get-one-free company again.

Li Wendi looked through the information and said, "He Kewu, the major shareholder of Golden Pavilion Hotel, holds 38% of the shares. The second largest shareholder holds 9% and is He Kewu's cousin. How can we start with such a large shareholding?"

The other two already hold more than 47% of the shares. By acquiring a few more shares, they can steadily increase their holdings to over 49%.

Li Wendi believed that even if he paid a huge price, he might not be able to acquire the Golden Pavilion Hotel, and he would also have to bear the charge of malicious acquisition, which was really not so cost-effective.

Gao Yi explained, "Gao Lunhong, the second largest shareholder of Golden Pavilion Hotel, and He Kewu are cousins, but they have had major disagreements in recent years and their relationship is now strained. Gao Lunhong tried to sell Golden Pavilion Hotel shares several times, but was stopped by his father. Now that Gao Lunhong's father has died of illness, there shouldn't be anyone who can stop Gao Lunhong."

"That means He Kewu only holds 38% of the shares. In this case, we still have a chance." Li Wendi nodded slightly. "Is the capital ready? According to the plan, how much capital do you plan to use?"

Gao Yi replied, "The current share price of Golden Court Hotel is 4.2 yuan, with a market value of 3 million yuan and a total share capital of 3600 million shares. We can probably secretly purchase about 8000% of the shares. Once we contact Gao Lunhong, we will inevitably be exposed, but by then we can increase our holdings to 23%."

"I plan to buy the shares held by Gao Lunhong at a 4% premium, which will require about 4500 million yuan. In addition to the 8000 million yuan to buy shares from the stock market and the funds for acquisition and development, I will need about 2 million yuan."

Li Wendi was slightly stunned. It was really unbelievable to use 2 million to acquire a company with a market value of more than 3 million. According to his expectations, 2 million yuan was just enough and there was a risk of a breakthrough.

You should know that the current market value of Mingcheng Real Estate Company is comparable to that of Golden Pavilion Hotel. Logically, it does not have the strength to swallow up a company of the same size. However, Ducheng Real Estate Company has a good asset value. As the backer of Mingcheng Real Estate Company, the situation immediately becomes different.

Li Wendi thought that Mingcheng Real Estate would swallow up the Golden Pavilion Hotel, and the asset value would skyrocket immediately. It didn't seem like a bad result, so he nodded and said, "Mingcheng Real Estate should start secretly purchasing shares of the Golden Pavilion Hotel. You must submit the specific plan to me within a week. If the funds are not enough, Ducheng Real Estate can help. I will pass on the instructions to Changxin Group."

"Thank you, boss!" Gao Yi said happily. The boss has allowed Capital Real Estate to join the battle, and the success of the acquisition has increased by 1% to 2%.

In fact, Li Wendi was attracted by the land of Golden Pavilion Hotel in the city and the potential of Golden Pavilion Development Company, rather than the strength of Golden Pavilion Hotel itself in the hotel industry.

"Before the acquisition battle begins, He Kewu's personal financial situation must be checked clearly, so that the operation will be better." Li Wendi reminded that although the impact is not significant, many failures are due to ignoring some details.

The Peninsula Tsim Sha Tsui
The high-spirited boss of Hutchison Whampoa, Willis, smiled repeatedly, holding a cigar in his hand and puffing away.

Li Wendi is used to smoking cigarettes, but he doesn't like the spiciness of cigars. It's okay to smoke it occasionally, but he really can't stand smoking it for a long time.

"Mr. Li, you didn't ask me out for these trivial matters, did you? Your time and my time are very precious, so let's get straight to business." Wells said with a smile, but he was not polite at all. It seemed that this guy was very arrogant.

Li Wendi smiled and said, "I heard that you and Shen Bi of HSBC have had a big conflict recently, so I, an enemy of HSBC, came to see if there is any chance for us to join forces?"

Upon hearing this, Williston immediately stopped smiling and asked, "Mr. Li, do you want to help me control Hutchison Whampoa?"

Wells thought that when talking to smart people, there was no need to hide anything, which could save some time and energy. "I can buy some Hutchison Whampoa shares and join the board of directors, which will naturally help you resist HSBC." Li Wendi said bluntly, "Of course, this is also dangerous to you, Mr. Wells, but it will benefit you more."

Willis fell into deep thought. He understood what danger Li Wendi was talking about. Hutchison Whampoa was also a huge temptation for Li Wendi. After all, Li Wendi had already absorbed Wharf Holdings, so it was conceivable that he would target Hutchison Whampoa.

"Mr. Wills, my source told me that someone has already started to take action against Hutchison Whampoa, and this person has a very good relationship with HSBC. There is no guarantee that this person will become the second Bao Yugang." Li Wendi continued to add information to Wills, increasing the psychological pressure.

"Who is this person?" Wills asked in a deep voice. He had already regarded Hutchison Whampoa as his own private property. How could he allow others to take possession of Hutchison Whampoa?

Li Wendi smiled and had no interest in answering Wells' questions. They were not partners yet, and Wells could not threaten him.

Seeing this, Willis was helpless. Li Wendi's strength was not much weaker than Hutchison Whampoa. Now he was also constrained by HSBC. How could he dare to provoke a strong enemy like Li Wendi?

"Mr. Li, do you just want to join the board of directors of Hutchison Whampoa? HSBC is a major shareholder of Hutchison Whampoa, and you may not be able to pass the HSBC test." Willis politely refused, but wanted to reap other benefits.

Li Wendi raised the corner of his mouth and said, "That depends on Mr. Wei Lisi's methods."

If possible, Wells would rather fight with HSBC than drag in Li Wendi, the hungry wolf. In fact, he had already vaguely guessed who the person Li Wendi was talking about, but he was not sure.

"Mr. Li, please buy the shares of Hutchison Whampoa first. I will go back and think about how to operate it." Although Willis seemed to agree with Li Wendi's request, he was actually ambiguous and had a basis for his advance and retreat. After all, he could put the blame on HSBC.

Li Wendi certainly did not place his hopes on Willis. The real killer weapon was HSBC Bank. Hutchison Whampoa Company only had some extras and was just asking for some interest from HSBC Bank.

"Good! I think Mr. Willis has already guessed that Li Jiacheng of Cheung Kong Group has frequent contacts with Shen Bi. Shen Bi owes Li Jiacheng a lot of favors for the acquisition of the Chinese Bank Building and Wheelock Company. In addition, Li Jiacheng has already begun to prepare to take over Hutchison Whampoa."

"If HSBC transfers the 16% stake to Li Jiacheng, I think Li Jiacheng will soon take over Hutchison Whampoa. I'm afraid Mr. Willis won't be able to stop him."

Li Wendi said with a smile.

People who truly understand Li Wendi and Li Jiacheng know that Li Wendi is domineering and a real villain, while Li Jiacheng is good at boiling frogs in warm water. To put it bluntly, he is a hypocrite. He appears to be righteous on the surface, but in fact he is a complete egoist. Moreover, Li Jiacheng's methods are even more obscure and fierce.

Wells was not afraid of Li Jiacheng, but joining forces with HSBC was like an armored warrior equipped with a spear, which could attack and defend, instead of just defending.

If Li Wendi joins, Wells's knife will be sharper and he may be able to win the battle.

"Shen Bi is indeed a cunning old man. By bringing Li Jiacheng along, he is killing several birds with one stone. Shen Bi has more than just the purpose of dealing with me and repaying favors." Wells seemed to have thought of something.

Experience plus intuition will evolve into something terrible. Li Wendi doesn't know how Wells came up with this idea. Shen Bi naturally has more than two purposes.

(End of this chapter)