Started from Hong Kong Island

Chapter 356 354 [Golden Bell Land King]

He Qijun is not Huang Lixin. One was married in a formal ceremony, while the other was married in secret. Although He Qijun will not pursue the matter, Li Wendi should not go too far.

Therefore, in the next few days, Li Wendi will spend half a day in the Hong Kong Sanatorium and Hospital to accompany He Qijun and visit Li Hong.

"I will be discharged from the hospital in two days. If you are busy, you don't have to come every day." He Qijun stretched out her finger and poked Li Hong's little face, emitting a maternal glow, which was very different from her previous temperament.

Li Wendi smiled and said, "I'm not busy, but I'm not used to not going to the company."

"I heard from my brother that you have been acquiring Daxin Company recently. How can you not be busy?" He Qijun glanced at Li Wendi and saw that Li Wendi was browsing a magazine. She turned around and teased Li Hong.

"It may be impossible to acquire it. In fact, Changxin Group is only interested in the properties of Daxin Company, not those businesses, so they are dispensable." Li Wendi spoke a little confused.

But He Qijun understood, "Someone is interfering? Or is there another problem at Daxin Company?"

"Jardine Matheson has intervened, and the major shareholder of Dah Sing also wants to take advantage of this to ask for a high price," said Li Wendi.

As a businessman, He Qijun had some understanding of the power of Jardine Matheson Group. It was certainly not worth it to fight to the death for a big new company.

Wharf Company Meeting Room
Li Wendi convened the first board meeting in 78, mainly to discuss the leasing and sale of Harbour City properties, the relocation of the tram repair shop,
"You may have heard that Harbour City has been completed, including three commercial buildings and five residential buildings. According to the original plan, all the residential buildings were to be sold in order to recover the cost funds as soon as possible. However, I suggest that the residential buildings be rented out instead of sold. Once the company has sufficient funds, I think these five residential buildings can be demolished and rebuilt or converted into commercial buildings to increase the company's asset value." Li Wendi looked around at everyone and said.

He felt it was a shame to use such good land to build a residential building. If it were a commercial building, the value could be maximized. The disadvantage was that the cost recovery time of Harbour City would be extended.

Bao Yugang, the third largest shareholder, asked seriously, "If it is rented out, when does Mr. Li plan to rebuild the commercial building? How long will it take for Wharf Holdings to recoup its investment in the Harbour City project?"

"According to our investigation, the annual rent of the five residential buildings can reach 3000 million yuan, and the annual rent of the two luxury hotels and the 35 square feet shopping mall can reach 4.3 million yuan in total. The total cost of Harbour City is about 20 billion yuan, and it will take nearly five years to recover all the costs." Li Wendi saw that all shareholders including Zheng Yutong were silent.

Li Wendi then said, "If you disagree, my Changxin Group is willing to buy these five residential buildings."

As soon as these words came out, everyone's expression changed slightly. Li Wendi was so optimistic about the commercial buildings in Tsim Sha Tsui that he didn't even want to care about the popularity of Harbour City.

Zheng Yutong knew Li Wendi quite well and never did business at a loss. He also wanted to do Li Wendi a favor, so he took the lead in expressing his opinion, "I agree with Chairman Li's suggestion."

Upon seeing this, Bao Yugang also expressed his approval, because Li Wendi and Zheng Yutong already had more than half of the voting rights, and it would be futile to oppose, so it would be better not to be a bad guy.

The remaining foreign directors had no choice but to agree.

"Okay, now that the proposal has been approved, President Mai Lisi, you will be responsible for its implementation." Li Wendi instructed Mai Lisi.

Then the agenda moved on to the second item, the relocation of the Causeway Bay Tram Repair Works.

Wendi Li has already selected a location, but has not yet submitted it to the board of directors.

This issue was not passed smoothly and was shelved because the company did not have sufficient funds to develop the land of the Causeway Bay Tram Repair Works. Rather than letting it be abandoned, it would be better not to relocate.

Li Wendi also had no good solution to solve the problem of funding sources. Loans would only increase the company's burden, and the directors would not agree because they had just let out a sigh of relief, and now they wanted to raise the amount again, which no one wanted. However, Li Wendi was in a good mood. His goal had been achieved, and other things were just extras.

The international gold market finally began to gain momentum. Although the gold price increased in 77, the increase was not large. Since March 78, the gold price has increased by US$3 per ounce, breaking through US$21 per ounce.

Li Wendi's $2 million gold investment in Citibank in the United States alone has made a profit of more than $1 million. At the same time, Li Wendi used the remaining $5000 million to buy a large amount of gold at a price of $130 per ounce, which was held in custody by Haifeng Bank.

In this way, Wendi Li has earned a profit of 1 million US dollars.

The Hong Kong market earned nearly double the profit, no less than 1.4 million Hong Kong dollars.

Li Wendi is well aware that this is just an appetizer, and the main highlight of gold price growth will be next year.

"Boss, the Hong Kong government plans to put up a piece of land in Admiralty at auction. The area is 2.1 square feet, the floor area ratio reaches 17, and the floor area is as high as 35 square feet." Zhang Wentao said excitedly, as if the land already belonged to the Changxin Group.

"Approximately where is it?" Li Wendi couldn't remember the origin of this piece of land in his previous life.

"Between Chatham Road and Cotton Tree Drive, bordering Victoria Harbour," Zhang Wentao replied.

Li Wendi still had no impression, so he stopped thinking about it and analyzed it based on his current experience, "Since it is the Golden Bell Land King, there must be competition from other companies, and there may even be a joint consortium. Do we have enough funds to undertake this project?"

Zhang Wentao thought for a moment and said, "If this piece of land is worth more than 3 million yuan, the group will not be able to afford it."

The Hong Kong government has not put the Central land king up for auction for several years. The last piece of Central land auction was in 70, when it was now the Connaught Building. The auction price at that time was HK$4868 per square foot.

Now that nearly eight years have passed, the price has certainly doubled. Li Wendi is worried that it may quadruple. If the auction price exceeds 8 yuan per square foot, then the value of this piece of land will be 13000 million yuan.

Including the funds that Changxin Group needs to take over the three commercial buildings at Central and Admiralty subway stations, it will need to raise at least 13 billion yuan.

You have to know that the current market value of Changxin Group has only reached 16 billion yuan, and now it needs 13 billion yuan, which is really incredible.

"Go and find out if there are any companies willing to form a consortium to bid for this piece of land. Let's cooperate with other companies. It is difficult for the current Changxin Group to acquire this land independently." Li Wendi is a greedy person, but he also knows when to stop. Blind greed will only leave him with nothing.

"Yes, I'll go and find out right away."

After Zhang Wentao left, Li Wendi thought about the Admiralty Department Store in his memory again, but unfortunately he still couldn't find any impression of this piece of land.

The auction with the presence of the Admiralty land king will of course be very lively, and the Hong Kong government can make a lot of money from it to subsidize the fiscal deficit.

If a real estate company acquires this piece of land and builds a Grade A commercial building in Central, then the company will have an extra talisman. In his previous life, Liu relied on two Central buildings to become one of the top 20 richest people in Hong Kong.

(End of this chapter)