Started from Hong Kong Island

Chapter 352 350 [Daxin Company]

Some buildings of Harbour City, owned by Wharf Holdings, have been completed. Under the operation of Myers, it has started to rent out. It is estimated that the first wave of property leasing will bring in 8000 million yuan.

Li Wendi instructed Mai Lisi to keep 4000 million yuan and use the remaining half of the funds to buy shares of Golden Court Hotel. He planned to let Hutchison Whampoa make some profit from this acquisition to repay the 2 million yuan loan taken out a year ago.

After all, the interest on a loan of 2 million yuan is very high, and repaying it early can save millions of interest.

As Li Wendi expected, the news of the completion of some buildings in Harbour City immediately caused the stock price to rise. The market value of Hutchison Whampoa Group has exceeded 14 billion yuan and is moving rapidly towards 15 billion yuan.

Soon, another newspaper made a rough ranking of the wealth of the Chinese in Hong Kong (only the value of the companies on the surface). The first on the list of the richest Chinese was of course the charter king, and the second was Li Wendi.
This report caused an uproar. Many people, including some tycoons, believed that Li Wendi did not have such great financial resources, but they did not dare to question Li Wendi's qualifications to be in the top ten.

Li Wendi also believes that the reason why he ranks so high is that the assets of some wealthy Chinese are hidden. How can ordinary people clearly understand their true asset situation? For example, the Zhang Zhushan family, a major shareholder of Wheelock Group, and the Zhang family's Kam Hing Properties are a behemoth that owns a large number of properties and land in Mid-Levels Central, Plantation Road and other places.

Many people question that people with strength will not come out to explain these things, because Chinese families have never liked to show off these things, and some families even hate to expose their assets to the public.

Li Wendi paid some attention to this matter and then turned to other things.

Changxin Group
Li Wendi transferred Gao Yi back to Changxin Group, specifically responsible for the affairs of Ducheng Real Estate Company and its subsidiaries, Jianfeng Garment Investment Company, and Qingzhou Yingni Company, while Zhang Wentao was mainly responsible for the group's land development, China Gas Company, and Gad Electronics Company.

In the future, Li Wendi also plans to transfer Wang Tichuan of China Entertainment Properties back to the group headquarters to be responsible for the group's property leasing, China Entertainment Properties, Taohua Datong Food Company, and Kowloon Motor Bus Company's management. The group's investment department affairs will still be handed over to Bai Hui.

"In the past two years, Jianfeng Garment Investment Company has made a lot of profit from garment agency and self-operated brand clothing. There is still 6000 million yuan in cash in its account. With your consent, I have asked the securities company to acquire Meifeng Fiber Co., Ltd. Now the securities company has sent news that there are also accounts secretly absorbing scattered shares, and it is estimated that they already hold more than 5% of the shares." Gao Yi reported.

"How much do we hold?" asked Li Wendi.

"It has exceeded 7%, which is quite far from the 21% held by the largest shareholder. The other party should have noticed us, but now we have tacitly avoided them because we are worried that it will cause a big increase in the stock price." Gao Yi said.

"Can you find out who the other party is?" Li Wendi asked with a serious face. Meifeng Fiber Company was not a must-buy item, but he still wanted to give it a try because Meifeng Fiber Company had a relatively good piece of land in Tsuen Wan.

"We are still investigating, but it should be difficult to find out." Gao Yi thought for a moment and said, "We can contact the shareholders of Meifeng Fiber Company in advance, and then take advantage of the fact that the opponent cannot react in time to directly initiate a takeover. Perhaps it will have a miraculous effect."

Li Wendi nodded. Now he didn’t even know who his opponent was, so he could only adopt this approach, which might give him some advantage.

Zhang Wentao on the side remained silent. This was not within his job scope.

However, Li Wendi still habitually asked, "Wentao, what do you think? Do you have any other good suggestions?"

Zhang Wentao glanced at Gao Yi and saw that Gao Yi was not abnormal at all, so he replied, "Mr. Gao's suggestion is very good. I heard that the business performance of Meifeng Fiber Company is not good, so the major shareholder wants to withdraw from the management. If we are willing to give up some interests and talk to the major shareholder, perhaps the effect will be better."

Gao Yi responded, "I think Mr. Zhang's suggestion is feasible. I would like to implement this suggestion after acquiring enough shares, so that Jianfeng Garment Investment Company can reduce some losses."

Li Wendi nodded. "Okay, let's do as you say. If we can't acquire it, we have to sell it off in time. We can't get stuck with it."

"Mingcheng Real Estate Company's acquisition of Golden Pavilion Hotel is still in the secret stock purchase stage. It now holds 17.4% of Golden Pavilion Hotel's shares, which is still a large gap from the ideal 23%." Gao Yi continued to report.

"With two acquisitions going on at the same time, you are under a lot of pressure. The acquisition of the Golden Court Hotel is the top priority, followed by the acquisition of Mei Fung Fiber Company. In addition, we must start preparing for the acquisition of the properties next to the Golden Court Hotel in Kowloon City and Yau Tsim Mong District. We must get them even at a high price." Li Wendi instructed.

It is difficult to rate such a small hotel highly, so it needs to be rebuilt and expanded.

After Gao Yi finished his report, it was Zhang Wentao's turn. He mainly reported on some site development situations, such as the third phase of residential buildings in Sun Sun Chuen on King's Road in Quarry Bay had been sold out, with a return of 1.5 million yuan, of which the profit was 6700 million yuan.

At the end, Zhang Wentao told Li Wendi something that he was quite interested in. Dachang Real Estate Company and Swire Properties were competing to acquire Dali Enterprise Company.

Hearing this, Li Wendi laughed. In his previous life, Dachang Real Estate Company did not have much offensive power and believed in "harmony brings wealth". After his own disruption, Dachang Real Estate Company began to have a bit of "temper" and even dared to attack Taikoo Real Estate Company during the cooperation period of the third phase of Taikoo City project.

"Manager Bai, does our Changxin Group hold shares of Dali Enterprise Company?" Li Wendi asked Bai Hui.

"We don't hold many shares of Dali Enterprise, about 2.7%." Bai Hui replied.

"Do we need to enter the market and drive up the stock price?" Bai Hui asked. She had some understanding of her boss's character. Swire Properties was the enemy, and there was only one attitude to deal with the enemy, which was to 'do it'.

Li Wendi waved his hand and said, "No need. Dachang Real Estate Company wants to acquire Dali Enterprise Company. We are on good terms with Dachang Real Estate Company, so we can't set a trap for our ally. Let's just wait and see what happens, and then sell it at a high price."

One Taikoo Shing is enough to sustain Swire Properties for a long time. After all, there are many restaurants and shopping malls in Taikoo Shing. Once all the projects are completed, it can provide residential units for 4.5 people. There is also a large-scale shopping mall - Taikoo Shing Center, with a construction area of ​​300 million square feet. The annual rent will be as high as hundreds of millions of yuan.

With the support of Dachang Real Estate Company, Taikoo Chang Development Company is now able to independently complete the construction plan of Taikoo City and does not seem to need Dali Enterprise Company.

Li Wendi believed that Swire Properties wanted to strengthen the strength of Swire Properties and speed up the completion of the construction plan of Taikoo City. After all, the local market has now completely recovered. If Swire Properties sells residential buildings in prosperous cities, it can make more profits.

A few days later
Xiangjiang Property Company launched an acquisition of Meizhenni Industrial Company at 1.9 yuan per share. Hengxin Investment Company holds 312 million shares of Meizhenni Industrial Company, with a profit margin of 30% and a capital recovery of 581 million yuan.

Of course, Xiangjiang Property Company was not interested in Meizhenni Industrial Company, but the factory land owned by this company, which could be used to build an industrial building with an area of ​​more than 60 square feet. Since Xiangjiang Property Company did not have much development experience and Changxin Group had a good reputation, the boss of Xiangjiang Property Company personally came to the door to seek cooperation.

Li Wendi happened to be in charge of the Changxin Group, so he went to meet Wu Qirui, the owner of Xiangjiang Property Company, in person, wanting to show his friendly side and use his good reputation to exchange for more cooperation.

"Mr. Wu wants to move the factory of Meizhenni Industrial Company to Yuen Long and has his eyes on the Yuen Long P23 plot of land of Changxin Group?!" Li Wendi asked with a faint smile.

At that time, there was no new town development plan in Yuen Long and it was still a wasteland. However, the Cheung Kong Group used the land exchange rights certificate to obtain a lot of residential land in Yuen Long, about 54 square feet.

Wu Qirui nodded and said, "Mr. Li, the factory of Meizhenni Industrial Company only needs 9 square feet of land. We will purchase it at a 5% premium according to the market price. In addition, Xiangjiang Property Company will pay a large sum of money to convert the factory land into residential land. In this way, Changxin Group can get % of the profit."

Li Wendi thought about it and felt that this deal was worth doing. The land in Yuen Long was not valuable now and would not be very valuable in the future. In addition, the Cheung Kong Group had a large number of equity certificates, which could be exchanged for at least 300 million square feet of land. There was no need to waste this piece of land.

"Okay! I agree to this deal." Li Wendi said with a smile, "How much residential building does your company plan to build on the land?"

"The plan is to build 11 28-storey residential buildings with a total floor area of ​​200 million square feet." Wu Qirui answered seriously, this is a very large project.

According to this statement, 100 million square feet of floor area belongs to the Changxin Group, and the profit is astonishingly large. Of course, the initial investment funds will not be small.

Li Wendi did a quick calculation and found that the first phase of investment must not be less than 4000 million, but the transfer of the 9 square feet of land in Yuen Long could offset more than 40% of the investment.

The two continued to discuss some details of the cooperation. More than two hours later, Wu Qirui left Li Wendi's office.

Although a verbal agreement had been reached, Li Wendi still asked Zhang Wentao to check the situation of Xiangjiang Property Company and the background information of this project.

You should not have the intention to harm others, but you must be on guard against others!

The long-hidden acquisition of the Golden Pavilion Hotel has not yet been discovered, but the acquisition of Meifeng Fiber Company was exposed first.

It turned out that the company competing with Jianfeng Garment Investment Company was Daxin Company, which made Li Wendi a little confused.

Dah Sing Company was one of the four largest department stores in Hong Kong before the 70s. Although its current situation is not as good as before, Dah Sing Company's main business is still department stores. Why is it interested in Mei Fung Fiber Company now?
Are they trying to take this opportunity to transform?
Li Wendi couldn't figure out what Dah Sing Company's actions meant.
Of course, this does not affect Changxin Group's determination to acquire Meifeng Fiber Company.

Soon, Zhang Wentao found out some information and came in with a report.

"Boss, I have learned some inside information from peripheral members of Dah Sing Company's Cai Chang family. It turns out that they want to gradually withdraw from the department store market and switch to finance, real estate and other industries. Now Cai Junjie, the helmsman of the Cai Chang family, is using the financial resources of Dah Sing Company and Dah Sing Bank to gain a foothold in the real estate industry. Some family members are also willing to take over the fiber manufacturing business, so there is the acquisition of Meifeng Fiber Company." Zhang Wentao said.

Dah Sing Bank is not well-known in Hong Kong, but its strength should not be underestimated because the bank has always been engaged in financial business rather than deposit and lending business.

Therefore, it has avoided so many financial crises.

"How determined are they about this acquisition?" Li Wendi asked after thinking for a while.

Fibers can not only be used to make clothes and gauze, but can also be used in construction, environmental protection, military, biology and many other fields. The investment prospects are very promising. Of course, the fibers are currently used in the medical and textile industries.

"I'm not very clear. There are big disagreements within the Cai Chang family, but they were suppressed by Cai Junjie. I think the determination should not be very strong. After all, Daxin Company suffered heavy losses in its department store business." Zhang Wentao said.

Gao Yi then walked in. "Boss, I think maybe we can cooperate with the Cai Chang family. They don't really need the business and technology of Meifeng Fiber Company. Besides, the Cai Chang family has no experience in the real estate industry. If we can let them learn from us, Cai Junjie probably won't refuse."

Gao Yi was not dissatisfied with Zhang Wentao's intervention in this matter, because it was the boss's order. His ability to collect intelligence was indeed not as good as Zhang Wentao's, and Zhang Wentao also sent him a report in advance.

Li Wendi thought about it and said, "Okay, this way the company can maximize its profits without fighting each other. I'll leave this matter to you, and you can discuss it with Cai Junjie."

Although Dah Sing Company had once been glorious and Dah Sing Bank was not weak, Li Wendi felt that Gao Yi alone was enough to handle such a declining family.

In fact, the properties owned by Dah Sing Company are still priceless. Some of them were purchased from other companies, and most of them are shopping malls built by the company. Although they are only a few stories high, the land location is very good, so it will naturally be a good place to build a shopping mall.

"Gao Yi, during the negotiation, you can test Daxin Company's Cai Junjie to see if the large company is for sale." Without waiting for Gao Yi to answer, he turned his gaze to Zhang Wentao and said, "Wentao, go collect detailed information about Daxin Company, especially the property situation. Even if there is a small loan, you must know it clearly."

Li Wendi's intention was very clear. He had the idea of ​​acquiring Daxin Company, but what he had his eyes on was not Daxin's department store business, but the shopping mall land under it.

"Yes (I understand)!" They both responded in unison.

Dah Sing Company reminded Li Wendi of Wing On Group, the latter of which had two high-quality commercial buildings in Central. As for the former, he was not sure about it at the moment. Li Wendi felt that Dah Sing Company would not be too bad and should have some high-quality properties in Central.

It would be even more perfect if he had a small piece of land. As for the loss-making department store business, he has not yet figured out how to deal with it, whether to sell it to the Japanese devils or continue operating it.

Of course, Li Wendi is inclined to sell it because he does not have so much money to beat other department stores for the time being.

(End of this chapter)