Started from Hong Kong Island

Chapter 359 357 [1.1 billion]

Tuesday, March 5

The Global Building at the Central MTR station was officially delivered. The Changxin Group announced that the group paid Hong Kong MTR Corporation 2.5 million yuan according to the current Central property price to acquire Hong Kong MTR Corporation's interest in the Global Building. The Global Building became a wholly-owned property of the Changxin Group.

This is the first Grade A commercial building in Central owned by the Cheung Kong Group. Although the Global Building is not large in area, it has an extremely advantageous geographical location. Just across the road is the Chater House of the Hong Kong Land Development, which is absolutely in the heart of Central.

If it were in the 90s, this building would be worth at least 50 billion Hong Kong dollars, and of course it would be in short supply.

The leasing process was also extremely smooth, with 80% of the entire building being leased out on the first day.

A group of reporters blocked Li Wendi's way and insisted on interviewing him. "Mr. Li, if the Global Building was acquired by Changxin Group, will the twin towers of the Admiralty Center at the Admiralty subway station also be acquired?"

Li Wendi smiled and said, "It's hard to say for now, but Changxin Group is indeed very interested in the Admiralty Twin Towers."

"If Changxin Group takes over the Admiralty Twin Towers, the Global Building and the Haifu Center Twin Towers alone will be worth more than 20 billion yuan, while Changxin Group's market value is only a little over 18 billion yuan now. Will this cause Changxin Group's stock price to rise sharply? Will Changxin Group's market value exceed 38 billion yuan?"

Li Wendi replied, "This is not something that Changxin Group can predict. It depends on the market's reaction."

It is basically foreseeable that the share price of Changxin Group will increase substantially, but Li Wendi cannot say anything absolutely. If someone says that he is manipulating the share price, he will be in trouble.

According to Li Wendi's plan, Cheung Kong Group will acquire at least 7 buildings in Central to establish the Admiralty Kingdom belonging to Cheung Kong Group, which will echo the Harbour City in Tsim Sha Tsui.

Changxin Group Office

Gao Yi reported, "The Cai Chang family's funds have almost dried up, and they are unable to continue the acquisition of Meifeng Fiber Company. We already hold 44% of the shares of Meifeng Fiber Company. Regarding the acquisition of Daxin Company, Jardine Matheson has not yet reached an agreement with the Cai Chang family. There are even reports that Jardine Matheson wants to withdraw from the acquisition. Now the share price of Daxin Company has begun to fall back."

Li Wendi smiled and asked, "What is the reaction of the Caichang family?"

"Cai Junjie, the head of the Cai Chang family, is in active talks with Jardine Matheson Group. I heard that he has lowered the requirements for the acquisition and is also asking someone to talk to us." Gao Yi said seriously.

"Let's not avoid talking about it. However, we are talking about Meifeng Fiber Company, not Daxin Company. If Cai Junjie wants to acquire Meifeng Fiber Company, he must pay a higher price than before." Li Wendi stared at Gao Yi and said sharply, "If there is a chance to acquire Daxin Company, don't give the Cai Chang family any time to react. Make sure to complete the contract on the same day and set the conditions for breach of contract to an extremely high level."

"This guy is half-hearted. He shamelessly brought in Jardine Matheson when negotiating with us. It's obvious that he wants to raise the price. He obviously doesn't worry about retribution later."

"I understand! I will raise the acquisition price of Meifeng Fiber Company and lower the acquisition price of Daxin Company, and even make the funds required for the two acquisitions not much different." Gao Yi said.

Li Wendi smiled and said, "Meifeng Fiber Company and Daxin Company are not in the same class to begin with, so how can they be so different? Don't mess around. Although Daxin Company is not indispensable to the group, there will still be some changes if Daxin Company joins."

Then, Bai Hui came in to report on her work. "Boss, according to the information provided by Director Zhang (Zhang Wentao), Jardine Matheson is about to acquire Jardine Matheson Industries. Should we get involved?"

"Of course we have to get involved." Li Wendi sneered, "Jardine Matheson Company tricked us in the acquisition of Dah Sing Company, so of course we have to return the favor. We Chinese have always followed the four words 'reciprocity'."

"Our funds are not sufficient. Can we raise funds from other channels?" Bai Hui asked.

Li Wendi said, "How much funds do we have to mobilize?"

"About 7000 million!" Bai Hui replied.

“There is no need to mobilize funds. We can still rely on the power of shareholders to do this. You communicate with Wentao and spread the news of the acquisition. At the same time, you have to make a large purchase of Jardine Matheson Holdings’ shares in the stock market to create the illusion that someone is acquiring Jardine Matheson Holdings.” Li Wendi smiled sinisterly.

The acquisition of Jardine Matheson by Jardine Industries is unstoppable, but it could cause Jardine Matheson to bleed heavily, making its already tight finances even worse.

"Okay!" Bai Hui responded.

On the third day, the share price of Jardine Matheson Holdings soared sharply, with an increase of up to 70%. Investors were still competing for it, and the upward trend remained unstoppable.

Even if Jardine Matheson came out to clarify that it had no plans to acquire Jardine Matheson Industries for the time being, shareholders would not believe it, after all, Jardine Matheson had made many outrageous moves in the past.

The acquisition has been approved by the board of directors. Newbyjian and others dare not ask the board of directors to cancel the acquisition just because of the sharp rise in stock prices. So after much deliberation, they had no choice but to bite the bullet and start the acquisition.

The increase reached 123%. Li Wendi asked Bai Hui to sell them on the stock market. As for registering the sale at Huoduoli Company, it was not impossible, but too troublesome.

According to Li Wendi's calculations, Jardine Matheson Group lost at least 1 million yuan in this acquisition, while Changxin Group alone made a profit of nearly 8000 million yuan.

"Haha!! Just give me some funds to acquire Daxin Company." Li Wendi laughed heartily.

A few days later, Jardine Matheson notified Dah Sing that they would officially withdraw from the acquisition of Dah Sing, which caused members of Cai Chang's family to curse.

Cai Junjie has regular facial features, a serious expression, and a sturdy build, giving people the illusion that he is a bodyguard.

Due to the miscalculation, Cai Junjie had no choice but to ask for a meeting with Li Wendi and take the initiative to discuss the acquisition of Daxin Company.

Li Wendi poured a cup of tea for Cai Junjie and said with a polite smile, "Mr. Cai, please have some tea! I already know why you came. From a business perspective, Changxin Group was very happy to take over the shares of Daxin Company held by your family, but unfortunately the price was not right, and Jardine Matheson Company intervened."

"What price does Mr. Cai want to sell Daxin's shares for now?"

Cai Junjie said calmly, "The market value of Dah Sing Company is 6 million yuan. My family holds 3000% of Dah Sing Company's shares, which is 46 million yuan."

Li Wendi laughed and said, "Mr. Cai, the stock price of Daxin Company is inflated. Don't you know that? I think the group's chairman Gao has discussed it with you. 2.9 million yuan is impossible."

"Today's Dah Sing Company is no longer the same as it was in the past. The four major department stores in Hong Kong are no longer worthy of their name. The Chang Hsin Group can only acquire them based on their market value before the Spring Festival. If Mr. Cai has any objections, the Chang Hsin Group can wait or cancel the acquisition plan."

Hearing this, Cai Junjie's face changed slightly, "The stock price before the Spring Festival is a bit low, why not calculate it based on the stock price in April?"

"Okay, but your family needs to pay a 3% premium to acquire the shares held by the group to acquire Meifeng Fiber Company." Li Wendi shot back. "Mr. Li, this is probably not fair. On one side is the market price of the previous month, and on the other side is a 3% premium. It would be best if our transaction is equal." Cai Junjie would naturally not give up the interests of his family.

"Let me finally tell you a plan. The group will acquire Daxin Company based on its actual asset value, and Meifeng Fiber Company will be traded at the current market price." Li Wendi restrained his smile and spoke in a slightly deep tone.

Obviously, Li Wendi no longer wanted to continue the conversation, and if Cai Junjie did not agree, he would have to leave.

"I agree with Mr. Li's plan, but I still need to go back and discuss it with my family members." Cai Junjie was still not very satisfied with this plan and still wanted to struggle.

"Okay, I hope to hear good news from Mr. Cai tomorrow." Li Wendi drank the tea in one gulp, seeming to want to leave.

"I will try my best to give Mr. Li an answer tomorrow." Cai Junjie put down his teacup, said goodbye, and left.

Not long after, Gao Yi came to the office, "Boss, how was your talk with Cai Junjie?"

Li Wendi briefly told Gao Yi about the conversation, "Cai Junjie still had a lucky streak and wanted to wait for a good price. He forgot that Dah Sing's department store business was losing money, and he relied on the high quality of some properties to ask for an exorbitant price."

"When I negotiated with him, I had already made it clear that the group would not be able to make the acquisition at the current market price. He insisted on meeting with you, probably because he thought he could convince you," Gao Yi explained.

Li Wendi waved his hand and said, "It doesn't matter! After a while, we will have sufficient funds. Yongan Group is more suitable for us. Daxin Company is always a little short."

Among the four major department stores in Hong Kong, Sincerely Group and Wing On Group take turns to occupy the top spot. Wing On Group even has two shopping malls in Central, which are much better than Dah Sing Company.

Gao Yi was slightly stunned. It turned out that the boss had set his eyes on Wing On Department Store. That was a good thing and would be a great help to Changxin Group.

"Do I need to ambush Wing On Department Store now?" Gao Yi asked with a little excitement.

Li Wendi smiled and said, "We are too big now. We don't have the extra funds to ambush Yongan Company. Moreover, Yongan Company's market value is not low. It would take hundreds of millions of funds to acquire it. In addition, the major shareholder holds nearly 47% of the shares. We don't have a chance for the time being."

The next afternoon, Li Wendi received a call from Cai Junjie, saying that his family had agreed to conduct the transaction based on the actual asset value of Daxin Company and the market price of Meifeng Fiber Company.

Therefore, Gao Yi led the asset liquidation team to enter Daxin Company to conduct a thorough investigation of Daxin Company's financial situation, and the Cai Chang family also began to move into Meifeng Fiber Company to start their work.

After liquidation, the actual asset value of Dah Sing Company was only 4.8 million yuan, including the estimate of the department store industry. The Cai Chang family held 46% of the shares, which means that Changxin Group needed to pay the Cai Chang family 2.2 million yuan, saving 7 million yuan.

The 2.2 million yuan of funds were raised by transferring 8 million yuan from the Investment Department, 7200 million yuan from the Causeway Bay residential project, and 6800 million yuan from the sale of Meifeng Fiber Company.

In fact, Changxin Group only invested 1.1 million yuan in the acquisition of Daxin Company, and the rest was profits earned from the stock market.

Late September

The Hang Seng Index broke through 500 points, and some economic experts began to brag about the economic improvement in newspapers. Investors were also somewhat excited, but not too many investors flocked to the stock market, and instead adopted a wait-and-see attitude.

Li Wendi knew that although the Hong Kong stock market had improved significantly in 78, there were still some fluctuations, so it was not the right time to invest heavily in the stock market.

Compared with the stock market, the real estate market has shown a vibrant appearance. The prices of land and properties are rising steadily, with no downward trend at all. This is also one of the main reasons why the Hong Kong government is willing to put the Admiralty land king up for auction.

At the auction, most real estate companies sent representatives to participate, and many big names in the real estate industry attended in person, such as Bao Fuda of Hong Kong Land Development, members of the Swire family of Swire Properties, and Zheng Yutong of New World Development.

"Mr. Li has good tricks. He should reap a lot of rewards by attacking the acquisition of Jardine Matheson Industries, right?" Bao Fuda sneered at Li Wendi.

Li Wendi smiled and said, "If Jardine Matheson had not intervened in the acquisition of Dah Sing, how would I have known that Jardine Matheson was going to acquire Jardine Industries? Speaking of which, I still have to thank Mr. Newby and Mr. Bao Fuda, otherwise the Changxin Group would not have acquired Dah Sing at a relatively low price."

Bao Fuda was so angry at these words that his mouth twitched. "Mr. Li, we will have many opportunities to fight each other in the future. No matter how many times Jardine Matheson Company loses, it is still Jardine Matheson Company. If Changxin Group loses, it will probably be very troublesome."

Li Wendi hit back, "It seems that Mr. Bao Fuda still doesn't understand me. I think Mr. Bao Fuda still needs to do some intelligence work seriously."

The British and most of the Chinese were watching. Seeing the two people talking back and forth, some were surprised, and some were proud.

For the Chinese, this undoubtedly gave them great confidence and allowed them to have enough courage to challenge the position of British companies in Hong Kong.

Soon, the auction began.

The first to appear was a commercial plot of land with an area of ​​4.8 square feet in the inland area of ​​Tsim Sha Tsui East, with a starting price of 3800 million yuan.

This piece of land is different from the reclaimed land in Tsim Sha Tsui East. It can only be regarded as an ordinary piece of land in the urban area, but its area is not small, which has attracted the attention of some medium-sized companies.

"Boss, do we want to bid?" Wang Tichuan asked.

Li Wendi thought about it and decided that although the land was not within the business district, it had good value. Even if it was not suitable for long-term holding, he could still make a lot of profit.

"Go ahead and bid!" Li Wendi nodded.

So Wang Tichuan raised the sign numbered 45 and shouted, "4200 million!"

It was eventually acquired by Changxin Group for 5300 million yuan, more than 1100 yuan per square foot.

The Golden Bell land king was left until the end, with a starting price of 1.9 million yuan, and the price per square foot was more than 9000 yuan.

"One hundred and ninety-two million!" The first bidder was Swire Properties.

Many real estate developers have set their sights on the location of Swire Properties.

(End of this chapter)