Started from Hong Kong Island

Chapter 373 371 [Qiu Deba]

Monday, December 79, 9
The share price of China Pakistan Corporation, which had been as calm as stagnant water in the past, began to rise significantly, from 18 yuan to 18.7 yuan, and its market value increased by 2600 million yuan.

The shareholders who held shares were a little confused and thought it was a technical adjustment. They thought that the price would not be maintained for long, so they did not sell.

However, the news was promptly reported to Yan Chengkun by the China-Pakistan staff. Yan Chengkun immediately became alert and asked his staff to keep an eye on China-Pakistan stocks. He then summoned the family company managers and asked them to quickly mobilize funds, with the amount temporarily set at 1 million yuan.

In fact, if you want to increase your stake to 40%, 1 million yuan is very difficult. Once a takeover war breaks out, this amount of money is unlikely to sustain it until the end.

However, the Yan family is not wealthy. They have to sell some stock assets to raise 1 million yuan. If it were 2 million yuan in cash, it would probably cause considerable family turmoil.

China Motor Bus Company was the life's work of Yan Chengkun, and Yan Chengkun was an extremely powerful person. When he was in charge of China Motor Bus Company in the 60s, the Hong Kong government negotiated with him about bus fares, but Yan Chengkun flatly refused, leaving the Hong Kong government helpless.

"Is it that loser Li Wendi who did this again?" Yan Chengkun narrowed his eyes and said ferociously.

He had defeated so many British people in the past, so how could he be defeated by those villains? He had to defeat the acquisition case just like he defeated the Hong Kong Electric Company and Li Wendi.

By the afternoon, the Yan family's funds still had not arrived, but investors saw something was wrong. It was obvious that someone wanted to acquire China-Pakistan Company, so a large number of investors began to rush into the stock market and buy China-Pakistan shares. At 2:34 p.m., the share price had risen to 19.3 yuan, up 18.9 yuan from the 0.4 yuan at the lunch break.

"Could it be that Li Daheng of the Changxin Group is acquiring China Bus Company? He defeated the Electric Light Company's acquisition of China Bus Company. Now that he has acquired the Electric Light Company, is he continuing this plan?"

"No way? I heard that a few years ago, Li Daheng and Yan Chengkun of China-Pakistan Company signed a non-acquisition agreement."

"It's just an agreement. It's not like Li Daheng can't afford the penalty."

Shareholders began to speculate about the person behind the acquisition of China-Pakistan Company, and many people believed that it was Li Wendi's doing.

On the other side, Li Wendi knew nothing about this, and he didn't care about these things for the time being because he was discussing things with the chairman of Sun Hung Kai Properties, Guo Desheng.

"Are you related to the acquisition of China Bus Company that appeared in the stock market today?" Guo Desheng asked. The two have been working together for many years and have always had a good relationship. They would occasionally joke with each other.

"In fact, there is some connection, but this acquisition was not initiated by me," Li Wendi said with a smile.

Guo Desheng understood instantly, "It seems that the acquirer has approached you. But it's also true that you still have shares in China-Pakistan Company. If you launch a counter-acquisition, they will be under great pressure."

"Actually, I shouldn't have agreed to it, but Yan Chengkun went a little too far. He secretly transferred some small tracts of land on Hong Kong Island to Yan's family's subsidiary companies without telling the board of directors, so I took advantage of the situation." Li Wendi said.

"Yan Chengkun has always been a strong person. Although he is our predecessor, there are some problems with the way he conducts himself." Guo Desheng said seriously. He did not like people like Yan Chengkun.

"Forget it, let's not talk about him anymore." Li Wendi said with a smile, "The Kowloon Motor Bus Company has opened a lot of parking lots and repair shops in the New Territories in the past two years, and has also obtained a lot of cheap land from the Hong Kong government, which is more than 50 square feet. I think some of the land near the city center should be developed. What do you think, Mr. Guo?"

"I agree! For example, the parking lot and repair shop next to Wo Tsai Shan in Shek Kip Mei are no longer appropriate. If they are moved to the foot of Lion Rock, it should be in line with the development of KMB." said Guo Desheng.

"I want to move the city's bus headquarters to the vicinity of Songhuangtai. The parking lot there has 18 square feet of land, which is more than enough for a parking lot and a repair shop. The original city parking lot can be used to build residential buildings or commercial buildings." Li Wendi suggested.

Guo Desheng pondered for a moment, "The real estate market is booming now, and that piece of land requires a large amount of land compensation. Should we develop other land first?" The urban parking lot covers an area of ​​8.2 square feet. Based on the current urban land compensation fee, this piece of land will require a difference compensation of more than 1 million yuan.

"Yeah! Okay. Then let's talk to the Hong Kong government first. If the land compensation fee is too high, our plan will have to be postponed. We will take action when the next crisis comes." Li Wendi didn't want to pay more money. The important thing was that he was short of money now.

In the next few days, Li Wendi and Guo Desheng jointly proposed to the Hong Kong government a request to develop the parking lot. The Hong Kong government approved it, but the land compensation fee was 1100 yuan per square foot. Therefore, the land with an area of ​​5.7 square feet next to Wo Tsai Shan in Shek Kip Mei required a land compensation fee of 6300 million yuan.

If such land were to be sold at a government auction, the price would be at most HK$1 million, which means KMB only saved HK$6300 million by developing the land.

Such a result made Li Wendi and Guo Desheng feel that the Hong Kong government was somewhat unkind and wanted to eat people without leaving any bones.

But when you are under someone's roof, you have to bow your head.

In order not to offend the Hong Kong government, the two had to cooperate and pay out 6300 million yuan. In fact, Li Wendi felt that this was a small amount of money. He was cheated this time, but next time he could cheat the Hong Kong government for a huge sum.

After breaking up with Guo Desheng and leaving, Li Wendi came to the place where she had an appointment with Willis and "Crossing River Dragon" Qiu Deba.

The two had already arrived, and Li Wendi quickly clasped his fists and said, "Sorry, I'm late."

Qiu Debao looked at the Rolex on his wrist and responded, "Mr. Li is not late, the time is just right."

Li Wendi took a look at Kwong Teck Puat. At first glance, he felt that Kwong Teck Puat had some foreign blood. In fact, Kwong Teck Puat was an authentic Chinese.

"Hello, Mr. Qiu! It's our first meeting. Please take care of me in the future." Li Wendi laughed and no longer dwelled on the previous topic.

"Mr. Li, you are too polite. It is really unbelievable that he has built up such a fortune in his 20s. Mr. Li should take good care of me, a newcomer to Hong Kong." Qiu Delu said modestly. Ever since he heard Willis's talk, he has been studying Li Wendi's deeds and experiences, and concluded that this person is good at making money from stocks and securities and crushing his opponents with his superior financial resources.

“Mr. Qiu, you’re too polite. I don’t have the qualifications to be the second richest man in Singapore or the controller of the largest bank in Malaysia.” Li Wendi said with a smile.

Those who run banks are not weak people. They are good at taking advantage of others without leaving any bones behind.

After praising each other for a long time, Willis could no longer hold back and took the lead in breaking the deadlock. "Mr. Qiu wants to enter the real estate industry in Hong Kong, and Mr. Li wants to enter the real estate industry in Singapore. The two of you can exchange resources, which will benefit both of you."

"What do you think, Mr. Li?" Qiu Deba asked first.

"I think this is a very good idea. My Changxin Group has a lot of properties and land, and we can cooperate with Mr. Qiu. I believe this will definitely be a win-win solution." Li Wendi boasted.

"Singapore is similar to Hong Kong, with a large population but a small area. However, my Goodwood Garden Hotel Group has a lot of good land, which can be transferred to Mr. Li or developed in cooperation with Mr. Li's company," responded Kuo Teck Puat.

Li Wendi certainly prefers cooperative development, using Kuo Teck Puat's influence to set up camp in Singapore, and then leave Kuo Teck Puat aside once the new company has established a foothold in Singapore. Kuo Teck Puat should have the same idea.

"I still prefer to cooperate with Mr. Qiu on development. What do you think, Mr. Qiu?" Li Wendi said with a smile.

(End of this chapter)