Started from Hong Kong Island

Chapter 368 366 [Hengchangxing Enterprise]

In fact, Hong Kong Electric Company and China Gas Company are very suitable to be formed into an energy group company, using their influence to enter the mainland as well as America, Europe and Australia.

As for Southeast Asia, Li Wendi believes that the political environment in these countries is turbulent and it is not suitable to invest in such important facilities. Once destroyed by military riots, the energy group will suffer heavy losses.

Now, the Swire Properties has taken action against the Heung Kong Electric Company in advance. The Cheung Kong Group does not have a huge amount of funds as a backup. Once it borrows heavily, it will be very dangerous for the Cheung Kong Group. After all, the debt of the Cheung Kong Group has reached 60%, and the acquisition of the Heung Kong Electric Company will require at least 15 billion yuan of funds.

Under such circumstances, the debt ratio of Cheung Kong Group would increase to more than 80%, and the risk would reach a frightening level, so Li Wendi had no choice but to let Wharf Holdings exit.

"No! My goal is to stop the Hong Kong Land Development from acquiring Hong Kong Electric, not to acquire it. I can join forces with Connor to fight against the Hong Kong Land Development, and at most let this guy make a profit and leave." Li Wendi came up with a new idea.

The current market value of Hong Kong Electric Company is several billion yuan, and it is a very large company. The new company law has not yet been introduced, and the 35% shareholding that automatically triggered a full acquisition in the past does not exist now. Therefore, it is difficult for Swire Properties to acquire Hong Kong Electric Company, and the time required is unlikely to be short.

Therefore, Li Wendi planned to let the Hong Kong Land Development acquire the shares of the Hong Kong Electric Company until they reached a critical point, and then make another attack, which might make the Hong Kong Land Development return empty-handed.

Soon, news came from Wells that Li Jiacheng proposed at the board meeting of Hutchison Whampoa to cooperate with the Carrian Group and suggested that the company purchase the Golden Gate Building from the Carrian Group for RMB 16.8 billion in order to enhance the property strength of Hutchison Whampoa.

Surprisingly, the HSBC representative opposed the proposal, believing that it was too crazy since the Carrian Group had just acquired the Golden Gate Building from the Hong Kong Land Development and could make a profit of HK$6.8 million by reselling it.

However, Li Jiacheng said that this was just a gimmick. When the hype died down, the Carrian Group would buy it back at the original price, and Hutchison Whampoa would receive 1.7 million yuan from the Carrian Group within half a year.

At the same time, Li Jiacheng proposed to sell Hebao Company to Changxin Group, but wanted to use the funds to acquire Hengchangxing Enterprise Company.

With the support of Wells, the resolution was approved by the majority of directors and passed smoothly.

Mandarin Oriental Hotel, Central District
Li Wendi meets with Li Jiacheng to discuss the sale of Hebao Company.

"Mr. Li, I have a personal request and I hope you can agree." Li Jiacheng said seriously.

"Please speak!" Li Wendi guessed the content of Li Jiacheng's request.

Li Jiacheng said, "Hutchison Whampoa is planning to acquire Hengchangxing Enterprise Company. Can Mr. Li not get involved in this matter?"

"Haha!! Mr. Li, don't worry. Changxin Group still has to digest Hebao Company and is unable to do anything." Li Wendi did not think that Li Jiacheng was a coward. Instead, he was a conspirator. It would not be beneficial for him to force Li Jiacheng to death.

Because Li Wendi still wanted to put Li Jiacheng in the front, he took the opportunity to hide his assets so that he would be less criticized in the future.

"Then thank you, Mr. Li!" Li Jiacheng raised his glass to show his appreciation.

Hengchangxing Enterprise is a good thing and is stronger than Hutchison Whampoa in some areas. However, even if Hutchison Whampoa successfully acquires it, it will take some time to fully digest and control it.

"Mr. Li, to be honest, I have no intention of weakening Hutchison Whampoa. It's just that you are clear about HSBC. Since it is an investment, Changxin Group cannot return empty-handed, otherwise there would not be so many cooperation projects between us." Li Wendi explained briefly. He didn't want to be stared at by Li Jiacheng.

With Hutchison Whampoa, the second of the four major trading companies in Hong Kong, and Cheung Kong Holdings, one of the five Chinese companies, the system in Li Jiacheng's hands has been initially formed. Compared with the company under Li Wendi, it is probably just missing a Wharf Group.

Therefore, Li Jiacheng is still very strong, at least he has better development prospects than the Five Tiger Generals of the same period.

"Mr. Li, you're too polite! I understand the rules of business." Li Jiacheng said evasively.

It seems that the grudges between us are hard to eliminate.

78年下半年的官地拍卖会顺利举办，推出了4块尖沙咀东部填海地皮，分别位于前世的永安广场么地道62号、富豪酒店么地道71号、帝国中心么地道68号、南洋中心商场么地道75号。

Among them, No. 68 Mody Road is what Li Wendi’s Cheung Hsin Group is determined to acquire, as it is a property that matches the center of Tsim Sha Tsui.

As a result, there were not many real estate developers competing with Changxin Group, and Changxin Group won the 8000 square feet of land for 3.8 million yuan.

However, the smallest plot of land at No. 68 Mody Road has been sought after by many real estate developers because it is close to the sea and the famous Shangri-La Hotel, so it will have a good source of customers.

The competition for the site at 71 Mody Road was also quite fierce. It was adjacent to the Royal Garden Hotel and across the road from the Empire Centre site. Its main competitor was Great Eagle Properties Limited, and it was eventually won by Great Eagle Properties Limited.

Just like in the previous life, the land at No. 75 Mody Road was bought by Sino Property Investment Company.

The most expensive piece of land is Lot 71, which many real estate developers want to acquire to build a new star-rated hotel.

In fact, in Hong Kong, the area with the highest hotel density is still in Tsim Sha Tsui East, with 6 star-rated hotels in the reclaimed land area alone.

The Cheung Hsin Group directly or indirectly holds four plots of land in Tsim Sha Tsui East, with a total area of ​​more than 4 square feet, which can be used to build commercial buildings and shopping malls with a rental area of ​​more than one million square feet. Although there is still a big gap between it and the landlords in Tsim Sha Tsui East, it is already the number one in terms of land holding in Tsim Sha Tsui East.

At the same time, Metropolitan Real Estate Company and Mingcheng Real Estate Company jointly acquired 4.1 square feet of industrial land on Wang Guan Road in Kowloon Bay, and it is expected that an industrial building with a floor area of ​​up to 45 square feet can be built.

The auction price was relatively low, with the land price per square foot just over 1200 yuan. Based on the current market price, the profit is only around 4000 million yuan.

Of course, the market is booming nowadays, so it is certain that you can earn a few more percent.

It was December 78.

The Zhang Zhushan family incident still ended up in court, and Choi Soo-young applied for an injunction from the court, demanding that construction of the McDonald's ancestral home at No. 8 be stopped and restored to its original state.

After the court's mediation, Zhang Xingyetang Company agreed to build a property on the original site and let Cui Xiuying live in a 1500-square-foot unit, with an additional condition: Cui Xiuying would not receive any other compensation for her room. However, this feud between the rich and powerful did not end there. Cui Xiuying continued to file a lawsuit over the distribution of family property, demanding a fair explanation.

The news spread widely in the urban areas of Hong Kong and Kowloon, and the media reported the matter closely in order to gain better sales. Some even began to fabricate a prelude to a feud between wealthy families based on the facts.

Although they knew it was fake, the Hong Kong citizens who loved gossip didn't care, so all kinds of bloody plots appeared, but these magazines still got better sales.

Zhang Yuliang is indeed a ruthless man. He commissioned a Hong Kong law firm and hired more than a dozen queen's counsel.

According to regulations, if a law firm accepts the commission of one party to a lawsuit, it is not allowed to accept the commission of the other party.

Fortunately, Choi Soo-young's son-in-law is a barrister, and he helped hire three big lawyers as Choi Soo-young's agents.

Li Wendi received news that Zhang Yuliang was urgently dealing with the remaining family assets and constantly using his connections to delay the court date in the hope of getting more time.

Li Wendi ordered people to reveal the information to reporters. As for the real evidence, Li Wendi is unlikely to provide it. It is up to the reporters to look for it. Even if they cannot find it, it does not matter.

Because Li Wendi's goal was not to prevent Zhang Yuliang from obtaining all the assets of Zhang Zhushan's family, but to make Zhang Yuliang infamous in Hong Kong, so that he would have no choice but to sell his shares in Wheelock Group and leave the country.

These reporters lived up to Li Wendi's expectations and found that Zhang Yuliang controlled more than a hundred companies, and more than 95% of the Zhang family's assets had been transferred to Zhang Yuliang's personal name.

"He's really amazing. He stole billions of assets from the family over a period of more than ten years. Anyone who has a brother like him will be unlucky."

"This is so cruel. Others get millions, but he gets billions, and he still says he is fair."

The citizens were talking about it after dinner and all stood on Choi Soo-young's side. After all, Choi Soo-young was the weak one.

Although Hong Kong's upper class did not make any comments on Zhang Yuliang, they stayed away from such people from the bottom of their hearts. After all, he was so cruel to his family members, let alone other outsiders.

Not long after, Li Wendi received news that Zhang Yuliang wanted to sell a large number of residential properties in Tai Hang Road, Causeway Bay, including a small number of luxury homes.

With the development of Causeway Bay, a business district that is no less than that of Kowloon city has emerged. The prices of residential properties have increased significantly and the development momentum is even better.

Zhang Yuliang is selling his properties now, of course, because he wants to prepare to leave Hong Kong. However, the Zhang family has too many properties in Hong Kong, and it is impossible to sell them off at a low price. According to Li Wendi's calculations, it will take at least 7 or 8 years to sell them all.

Therefore, Li Wendi planned to meet with Zhang Yuliang to discuss these matters, prepare to acquire these properties under the name of Starlight Real Estate Company, and test whether Zhang Yuliang was willing to sell the shares of Wheelock Group.

"Hello, Mr. Zhang!" Li Wendi stopped asking nonsense questions like "How are you doing recently?", because Zhang Yuliang was deeply involved in legal troubles, and this question sounded a bit like sarcasm.

"Hello!" Zhang Yuliang was not in a good mood. It seemed that the lawsuit was going very badly.

Li Wendi didn't exchange pleasantries and asked directly, "I heard that Mr. Zhang's company wants to sell a large piece of property in Causeway Bay. I wonder if Starlight Real Estate Company can take over?"

"Mr. Li, please make an offer and I'll see if it's appropriate," said Zhang Yuliang.

"How about a 1% premium?" Li Wendi asked tentatively. The current average house price in Causeway Bay is HK$290 per square foot, and a 1% premium would be HK$320 per square foot. The price of luxury houses is a bit more expensive, at HK$550 per square foot, and a 1% premium would be HK$605 per square foot.

Zhang Yuliang didn't want to delay any longer. In addition to the impact of the wealthy family feud, Li Wendi was already a kind person for offering a 1% premium. "Okay! Mr. Li, send someone to the company to discuss it tomorrow."

"I heard that Mr. Li's Changxin Group has been aggressively buying up shares of Wheelock Group recently, and his shareholding is probably almost the same as mine," said Zhang Yuliang.

Li Wendi didn't expect Zhang Yuliang to still care about these things. "Yes, the shares held are about 32% (except for the 6.8% of the joint venture). No matter how much shares the Changxin Group holds, it will not affect Mr. Zhang's interests in Wheelock."

Zhang Yuliang nodded. He just wanted to remind Li Wendi that he no longer cared so much about his status as a major shareholder because the idea of ​​leaving Hong Kong was becoming stronger and stronger.

"If Mr. Zhang wants to reduce or sell Wheelock's shares, I hope he will think of me first. After all, the Changxin Group is the operator of Wheelock."

"I have no plans to sell my shares in Wheelock for the time being. Mr. Li will be disappointed." Zhang Yuliang said a little agitatedly. It seemed that he still couldn't let go of the fat piece of meat of Wheelock.

However, Li Wendi knew that it would be impossible for Zhang Yuliang to resist his acquisition of Wheelock Group because he had already considered withdrawing from Hong Kong.

"Okay! If Mr. Zhang has other properties that need to be taken over by someone, Xingguang Real Estate Company will buy them at a 1% premium." Li Wendi decided to continue to strengthen his ties with Zhang Yuliang to prevent anyone from "stealing" him.

End of march
Wheelock Holdings acquired 6.8% of the shares of Hutchison Whampoa from Hutchison Whampoa for RMB 57 million, becoming the actual controlling parent company of Hutchison Whampoa. As a result, Wheelock Holdings' share price soared by RMB 0.6 and its market value increased by several hundred million yuan.

As a result, the number of listed companies under Wheelock Group increased to 8, namely, Harriman Development, Wheelock Shipping, Po Fook Development, United Enterprises, Lane Crawford Development, Federal Development Group, Real Estate Investment Trust and World Bank, with a market value of up to 57 billion yuan.

There are also many holding companies under the umbrella of Wo Po Group, such as Wo Po Trading, Wo Po Automobile and other branch companies, with a market value of 12 billion yuan, ranking fourth among the listed companies of Henderson Land Development.

Hebao Company also had a majority of foreigners in the management, but there were some foreigners who knew the times. Paulson, the vice president of Hebao Company who was in charge of the trading business, was the first to join Li Wendi, and thus obtained the position of CEO, becoming the actual person in charge of Hebao Company. He also added a foreign vice president, George, and a Chinese vice president, Zhou Yuan.

Li Jiacheng was unwilling to fall behind. After Hutchison Whampoa received 6.8 million yuan, HSBC assisted him in talks with shareholders of Hengchang Bank Enterprise, including Ho Sin Hang, Leung Kau-kui, and Ho Tim.

Ho Sin Hang holds a 30% stake in Heng Chang Hang Enterprise, making him the largest shareholder and actual controller. However, the management of Heng Chang Hang Enterprise is somewhat strange. Executive director Ho Tim is mainly in charge of grain and oil and other trading businesses, while Leung Kau-kui manages properties, car agency and other businesses, with Ho Sin Hang coordinating in the middle, forming a fairly stable triangular structure.

Ho Sin Hang was already old, but he was still clinging to the management of Hang Seng Bank. His descendants had no interest in trade or banking, so he was helpless and planned to sell his shares.

(End of this chapter)