Started from Hong Kong Island

Chapter 363 361 [worth 5 million]

Wang Tichuan may not have any other thoughts, but it is inevitable that others will have some fantasies. After all, Ye Wenjian is also Wang Tichuan's man. If the two of them join forces to control Hutchison Whampoa, it may not be a good thing.

However, Li Wendi has always been a man of few words, so he smiled and said, "Your subordinates are equal to you. You won't feel bad, right?"

Wang Tichuan shook his head and said, "We are all working for the boss. If Ye Wenjian is more capable than me, he will stand out with or without my recommendation."

Li Wendi said, "Okay! Then you and Ye Wenjian should complete the work handover and prepare to report to Wheelock. You are allowed to select some trustworthy employees from the subsidiaries to help Wheelock."

"Yes, boss!" said Wang Tichuan.

"It will take a long time to deal with the affairs of Hutchison Whampoa, and we also need to find someone to take over Ti Chuan's work in the Cheung Kong Group. Who do you think are suitable?" said Li Wendi.

Except for Bai Hui, everyone else recommended talents they were familiar with, but Li Wendi was not satisfied with any of them. He turned around and said, "Since there is no suitable candidate within the group, I will find one from somewhere else."

In fact, Li Wendi already had a suitable candidate in mind, Zhao Lekai from Starlight Real Estate Company. After all, it is right to use trustworthy people.

The beginning of April

The twin towers of Admiralty Harbour Centre were officially completed, attracting widespread attention from the outside world.

Li Wendi personally negotiated with the head of the subway company and acquired the two Harbour City Center buildings for HK$7.2 million. At this point, the commercial building floor area held by the Cheung Kong Group in the Central area exceeded 140 million square feet, second only to the commercial building area held by the Hong Kong Land Development.

As soon as the news came out, the stock price naturally soared. The market value of Changxin Group is about to exceed 55 billion yuan, making it one of the largest Chinese-owned listed companies in Hong Kong.

The debt of Changxin Group also exceeded 25 billion yuan, and the debt ratio reached 46%. However, as the local market gradually became prosperous, especially the value of a large number of properties in Central increased significantly, the debt ratio will automatically decrease.

Li Wendi has used up all the 15 billion yuan interest-free loan he got from HSBC, but he used it to help Changxin Group acquire the operating rights of Wheelock and the twin towers of Admiralty Centre, increasing the group's market value by at least 20 billion yuan.

At the instigation of Li Wendi, Willis began to negotiate with Li Jiacheng, but Li Jiacheng did not agree with Willis to sell the shares of TVB to Changxin Group. Despite Willis's eloquence, the sale of shares was unsuccessful.

After hearing the news, Li Wendi did not feel upset at all. It was natural for Li Jiacheng to fight back. After all, Li Jiacheng got a not-so-perfect Hutchison Whampoa company. The real winner was Li Wendi.

What Li Wendi didn't expect was that just after getting the results, he received an invitation from Li Jiacheng, inviting him to dinner. As for the purpose, Li Wendi didn't ask much.

A restaurant in Central

The two Lis chatted for 20 minutes and slowly got to the point. Li Jiacheng was the first to speak.

"Mr. Li, Willis proposed to resell the shares of Wireless Broadcasting Company to Changxin Group. I think it's okay, but I have a condition," said Li Jiacheng.

"Please speak!" Li Wendi asked with a smile.

"I know that Mr. Li holds about 11% of the shares of Hutchison Whampoa. I hope Mr. Li can resell 6% of the shares to Cheung Kong Holdings." Li Jiacheng said, staring at Li Wendi.

"What is Mr. Li's bid? How much is it?" Li Wendi suspected that Li Jiacheng wanted to get something for nothing.

Li Jiacheng replied, "The current share price of Hutchison Whampoa is 15.6 yuan. I will acquire it at a 3% premium, that is, 20 yuan per share. Cheung Kong Holdings needs to pay 5 million yuan in cash to Cheung Kong New Group."

"The cash flow of Cheung Kong Group is not sufficient. I hope to exchange it with its commercial buildings, residential buildings, industrial buildings and other properties. What do you think, Mr. Li?" "Okay!" Li Wendi nodded. "Mr. Li, have you prepared a list of properties to be exchanged?"

Li Jiacheng immediately took out a document from his briefcase and handed it to Li Wendi. "This is the list. It contains the professional valuations of the appraisers. Mr. Li can also find someone to re-estimate it."

Li Wendi did not respond. He opened the document and looked through it carefully. After a while, he said, "Mr. Li is really willing to sell even the Grade A commercial building in Wan Chai. Don't you need to think about it again?"

There is no shortage of properties developed by Cheung Kong Holdings in the documents. The prices are naturally traded according to the current market price. However, the current real estate market is booming, and it is not a big deal to make an extra 100 million or 20 million yuan by selling the residential buildings in large properties.

"No need." Li Jiacheng waved his hand. "The most important task of Cheung Kong Holdings is to digest Hutchison Whampoa, not to make a lot of profit."

"Mr. Li is indeed a partner that HSBC values!" Li Wendi said lightly, with a hint of sarcasm in his voice, "Leave the documents with me first. I'll go back and discuss it with the company's senior management."

11% of Hutchison Whampoa's shares are held by Starlight Real Estate Company, Hengxin Investment Company and Changxin Group. Li Wendi plans to sell the shares held by Starlight Real Estate Company and Changxin Group to Cheung Kong Holdings.

As for the properties obtained by Changxin Group, they will all be taken over by Starlight Real Estate Company because Changxin Group needs funds to continue to secretly purchase shares of Wheelock Group.

The acquisition of Ho Po Company will be taken over by Wheelock Company, which will just be the right time to integrate its trading business. In addition, the Dah Sing Company that Cheung Kong Group just acquired will also be sold to Lane Crawford Department Store under Wheelock Company for resource integration.

Li Wendi's favorite is the Grade A commercial building in Wan Chai released by Cheung Kong Holdings. The next best is the projects jointly developed with major companies, including the high-end residential buildings in Heung Kong Tsai, Tai Kok Tsui, and Phoenix Terrace on Kennedy Road in Wan Chai. Most of them are luxury housing projects with good growth potential.

Starlight Real Estate Company has acquired this property worth 5 million yuan and is about to usher in a large-scale expansion. Moreover, it is a transaction at market price, and it can obtain at least tens of millions of profits.

However, Li Wendi planned to hold these properties for a long time and then slowly sell them off in the early 80s. The profit could be as high as 50%.

Starlight Real Estate Company
Li Wendi's office here is very simple, without too many decorations and no antiques at all.

"Lekai, are you interested in working at Changxin Group?" Li Wendi asked with a smile.

When Zhao Lekai heard this, he was both expecting and unexpected, and of course he was excited. Originally, he planned to stay in Starlight Real Estate Company, but the development of the family company has always been relatively slow, and it is not as prestigious as listed companies, so he began to prefer to work for a listed company.

"Of course!" Zhao Lekai swallowed and responded quickly.

"Why don't you ask yourself what position you hold? What powers do you have?" Li Wendi said to Zhao Lekai.

"As long as it is arranged by the boss, I will choose to obey." Zhao Lekai flattered skillfully.

"You will go to Changxin Group as vice president and will be a director of the board of directors, mainly taking over Wang Tichuan's work." Li Wendi said. Zhao Lekai has been dealing with Changxin Group for a long time and has heard something about the work that Wang Tichuan is responsible for.

And everyone in the outside world knows that any one of the three top generals of Changxin Group can crush the bosses of small and medium-sized companies.

Now Zhao Lekai has become one of the three capable people, which is a real leap in his life.

"Before you take over Wang Tichuan's position, you must first complete this transaction." Li Wendi handed the document given by Li Jiacheng to Zhao Lekai, "Go check whether the value of these properties is the same as the description above."

(End of this chapter)