Started from Hong Kong Island

Chapter 362 360 [Get]

"How is the discussion on the sale of the Jardine Matheson Building in Wan Chai going?" Li Wendi was still quite concerned about Zhang Yan's affairs.

Zhang Yan said, "We are still discussing it. Swire Group wants 5600 million yuan, and I offered 5200 million yuan. There is a big difference."

"The market is booming now. If you buy it early, you can make the money back from the stock market. This is a business that you can only make money on without losing money." Li Wendi said with a smile. He was still willing to give Zhang Yan advice on how to do business.

Zhang Yan looked a little embarrassed and said, "I know! But I'm having trouble making ends meet with my personal funds lately."

Li Wendi looked at Zhang Yan and thought that this guy had done something bad again. Zhang Yan quickly explained, "All the funds are in the stock market. As you know, the current stock market growth is not very good. If we sell, there will be a little loss."

"I remember that you have a lot of properties in your personal hands. You can exchange them for new shares of Luckin Coffee. After Luckin Coffee buys the Du Laozhi Building, the stock price will increase significantly. You can take the opportunity to make some money." Li Wendi suggested.

As for the acquisition of Wheelock Group, Li Wendi believes that it is not the right time to publicize it. After all, it is only truly his once he has it.

At the same time, Li Wendi was also secretly purchasing shares of Wheelock and Company and transferring the gold stored in Haifeng Bank to CITIC Bank.

The 15 billion yuan borrowed from HSBC has arrived, and Cheung Kong Group is frantically acquiring shares of Wheelock Holdings.

"Well! I'll go back and arrange it later." Zhang Yan said, and then took out a business plan from his briefcase and handed it to Li Wendi, "This is the information of Jinmu Real Estate, a subsidiary of Ruisheng Company. I want to acquire this company."

Li Wendi flipped through the documents and asked, "Is it a listed company?"

Zhang Yan nodded. "It is a listed company with a market value of about 2.4 million yuan. Jinmu Real Estate is a company with a large number of properties. Its largest shareholder, Ruisheng Company, holds 39% of the shares. Now it wants to sell them to make up for Ruisheng Company's losses."

"Ruisheng wants to sell at 7.5 yuan per share, with a total price of 1.1 million yuan, a premium of about 20% per share."

Li Wendi quickly read through the business proposal. "Jinmu Real Estate Company has good properties. It has a medium-sized commercial building in Wan Chai, several shops in downtown Kowloon, and two commercial buildings in Sheung Wan. It's a good company. What are your concerns?"

Zhang Yan said, "A high-quality company will inevitably have competitors. The most powerful one is Great Eagle Properties. Mingcheng Real Estate, a subsidiary of Changxin Group, often deals with Great Eagle Properties, so I want to see if I can help with the acquisition."

Li Wendi put down the business plan, thought for a while and said, "In recent years, Great Eagle Properties has made its first fortune by building a large number of high-quality industrial buildings. Now it has turned to the residential and commercial building fields. Its strength is no longer what it used to be. It may not be easy for Luckin Properties to win against Great Eagle Properties."

Zhang Yan fell silent after hearing this. "If you were me, what would you do?"

Li Wendi smiled faintly and said, "Cut the Gordian knot! Offer a high price to win. If it doesn't work, give up quickly and move on to the next company."

"The funds involved will be tens of millions higher. How can we make up for it?" Zhang Yan frowned and looked at Li Wendi.

"Pledge loan! First pay part of the funds to Ruisheng Company, and the remaining funds will be paid within three months. The shares obtained will be pledged for the loan. As for the interest, the appreciation of the local city can keep up." Li Wendi explained.

"Is it a bit risky?" Zhang Yan became timid again.

Li Wendi laughed and said, "Who doesn't take risks when it comes to real estate and acquisitions? I have been fighting with Jardine Matheson, so isn't that risky? This has brought a lot of benefits. Many people have come here to cooperate with Changxin Group in land development, which has brought at least 1 million yuan in profits a year."

Zhang Yan took a deep breath. He didn't expect that there would be such an article here.

"I know how to do it."

Soon, news came from HSBC that John Madden was willing to sell his 14% stake in Wheelock Company at a premium of 3%, i.e. 6 Hong Kong dollars for A shares and 0.6 Hong Kong dollars for B shares, which meant John Madden needed to pay 5.86 million yuan.

Li Wendi immediately met with John Madden and signed the contract, acquiring 14% of Wheelock's shares. Together with the 6.7% of shares that Cheung Kong Holdings Group acquired from the stock market, Cheung Kong Holdings Group now held a total of 20.7% of Wheelock's shares, becoming the second largest shareholder of Wheelock Holdings.

In this acquisition war, Changxin Group temporarily spent 8.4 million yuan, and the remaining 15 million yuan of the 6.6 billion yuan interest-free loan. Li Wendi did not rush to announce it to the public, but met with Zhang Yuliang, the largest shareholder of Wheelock, to discuss the issue of the next management rights of Wheelock. Even though HSBC had already informed him, Li Wendi wanted to discuss it in person.

"Mr. Li, is this our second meeting?! I didn't expect that Mr. Li, at such a young age, could have acquired Wharf Holdings and Wheelock Holdings in one go. You're truly a heroic young man." Zhang Yuliang had a slight smile on his face. He was very happy that Li Wendi gave him face. He felt that Li Wendi was very different from the rumors outside.

"Mr. Zhang, you're too kind! It's just some empty reputation." Li Wendi and Zhang Yuliang shook hands.

The two of them flattered each other for a few words and then got down to business.

Li Wendi said, "Mr. Zhang is the largest shareholder of Wheelock and Company. What do you think of the management rights of Wheelock and Company?"

Zhang Yuliang glanced at Li Wendi and responded, "When I was working with John Madden, I never wanted the management rights. Of course, this has something to do with John Madden's personality. I have no objection to handing over the management rights of Wheelock to Changxin Group, but I hope Mr. Li can respect the rights of the major shareholder and not learn from John Madden."

"Of course. Mr. Zhang is the largest shareholder. Changxin Group will definitely consult with Mr. Zhang on major matters concerning Wheelock Group. It is impossible for them to act arbitrarily." Li Wendi still has a lot of things to do and cannot offend Zhang Yuliang.

"Then what does Mr. Li think of Wheelock's shipping business?" Zhang Yuliang was somewhat dissatisfied with John Madden's huge investment in shipping.

"I also own a shipping company. I think the shipping industry is about to reach its peak. It is not advisable to continue expanding the shipping business now. It is better to keep it as it is. Global Shipping, the largest shipping company in Hong Kong, has sold many of its old ships. I think this is a signal, so I plan to reduce the number of ships starting in 80 and put the funds into real estate. What do you think, Mr. Zhang?" said Li Wendi.

Zhang Yuliang thought for a moment and replied, "Mr. Li's idea is very good. I think it's fine."

"Okay! I wish us a pleasant cooperation in the future!" Li Wendi extended his hand to Zhang Yuliang again.

The next day, Li Wendi personally convened a press conference for the group and announced that Cheung Kong Holdings Limited held 20.7% of the shares of Wheelock Group, replacing the Madden family as the operator of Wheelock Group.

As soon as the news came out, there was an uproar in the outside world. The share price of Changxin Group rose rapidly, rising by 30% in just one morning. The market value exceeded 20 billion yuan, making it a well-known large comprehensive company in Hong Kong.

Changxin Group Office

Sitting opposite Li Wendi were Bai Hui, Zhang Wentao, Gao Yi and Wang Tichuan, and the atmosphere was quite solemn.

"You all know about the internal situation of Wheelock. Although Cheung Kong Group has taken over Wheelock, the controlling power is no longer in our hands. So our next task is to start secretly purchasing Wheelock's shares and we must increase our holdings to more than 40%." Li Wendi's eyes moved between the four people.

"United Enterprises owns 6.8% of the shares of its parent company Wheelock. Bai Hui, this task is given to you. You have to acquire more than 45% of the shares of United Enterprises. I want that 6.8%." Li Wendi looked at Bai Hui and said, "And don't let anyone know."

"Yes! Boss! Leave the United Enterprise Company to me." Bai Hui said.

"There is another issue, which is the management of Wheelock. I plan to transfer two people to the Wheelock board of directors. Their specific positions are deputy general managers, who will be in charge of shipping department stores, real estate construction, and a small amount of trading business respectively."

The three men looked at each other, and Wang Tichuan was the first to speak, "Boss, I want to move into Wheelock. I'd better stick to my old business. Real estate, construction and trade will be under my management."

Li Wendi nodded. Wang Tichuan had worked in China Entertainment Real Estate Company for many years and was very familiar with the real estate business, so he was relatively relieved.

Seeing that no one was willing to take over the remaining shipping department store business, Li Wendi was ready to offer to do it himself first and then slowly look for a new candidate. As a result, Wang Tichuan said, "Boss, I would like to recommend someone to take charge of Wheelock's shipping department store business. This person is definitely qualified."

After Wang Tichuan's guarantee, Li Wendi immediately became interested and motioned for Wang Tichuan to continue.

"Ye Wenjian, my subordinate who is in charge of the management of Kowloon Motor Bus Company, should be able to manage COFCO properly." Wang Tichuan listed some examples of Ye Wenjian.

(End of this chapter)