Started from Hong Kong Island

Chapter 375 373 [Serve according to the person]

"Is it because of the opening up of the mainland?" Bao Yugang said after thinking for a while. In fact, he also had such an opinion, otherwise he would not have said such a thing.

Li Wendi was a little surprised. He was worthy of being the king of chartering ships. He had just been in the real estate industry for a few years, but he could actually see the reason.

"I think most of the reasons are the opening up of the mainland, and some of the reasons are the high land prices in Hong Kong and the labor costs are not as cheap as in the mainland." Li Wendi nodded and said.

In fact, only a small number of people are optimistic about the opening up of the mainland, unlike what was said in the previous life. After all, in 49, the assets of many businessmen in coastal cities such as Shanghai and Guangzhou were confiscated. Who dares to invest easily now? What if they are confiscated again?

However, it is still possible to take the risk, because the mainland has a huge population market and the tariffs are enough for factories to bear, so some people will still build factories in places like Shenzhen and Yangcheng.

"Mr. Li, you have quite a few manufacturing companies under your name. Do you have any plans to build factories in the mainland?" Bao Yugang asked seriously, looking straight at Li Wendi.

It turned out to be waiting for me here.

Li Wendi was slightly stunned. The boat charter king in his previous life was a patriotic person and had made many contributions, so it was normal for him to ask this question.

"Maybe later. Now is not the best time. However, the electric light company has sent people to Yangcheng to discuss the joint construction of a power plant." He brought up the matter of the power plant to show that he was also a patriotic person, but he had some concerns.

"Well! Let's talk about some things later." The charter king smiled slightly. It seemed that he came here today not just to lobby for Run Run Shaw.

In the end, Run Run Shaw was only willing to sell 20% of the cinema chain to Li Wendi, and did not mention any other leasing.

Li Wendi apologized to the boat charterer and left the hotel room.

"Mr. Shao, I still have some things to do, so I'll take my leave first." Bao Yugang also stood up and prepared to leave.

Bao Yugang has a new evaluation of Run Run Shaw. He is a very stingy movie tycoon who is too obsessed with face and suffers in his life.

He has a grudge against Li Wendi, but he is unwilling to make sacrifices that would satisfy the other party. Doesn't he see that Li Wendi is using this incident to embarrass him and take revenge on him?

At this time, Run Run Shaw also felt a little regretful. Controlling TVB was very important to him, as it was related to the income of another pillar industry of Shaw Brothers Film Company, which was the film and television city.

If we fail to reach an agreement this time, next time will be more difficult and the cost will be greater.

"I hope someone can make Li Wendi fall hard, so that our predicament will disappear." Run Run Shaw sighed.

Fang Yihua had nothing to say. She was also somewhat responsible for the situation having developed to this point.

Qi Nian Newspaper Company
All the assets of Qinian Newspaper have been transferred to Qinian Newspaper Company. He Qijun holds 38.2% of the shares of Qinian Newspaper Company, while Xingguang Real Estate Company holds 26.3% of the shares, for a total of 64.5%.

The market value of Qinian Newspapers has exceeded 4.7 million yuan. It owns the Qinian Industrial Building in North Point, which is a Grade A industrial building with a construction area of ​​47 square feet. Qinian Newspapers only occupies 3 floors, and the remaining 19 floors are rented out.

Under the instigation of Wu Xian, Ho Ki-kwan joined the property acquisition team of Sing Tao Newspaper Group and acquired industrial buildings in Yau Tong, North Point and Kowloon Bay, as well as residential and commercial buildings in Hong Kong Island and Kowloon city. The Qinian Newspaper Company alone had acquired properties worth 3 million yuan.

Li Wendi knew that there were three women, Lin Dongmei, Zhao Yazhi, and Huang Lixin, who were very successful in their respective industries. He Qijun naturally could not fall behind, and had to stay far ahead of them, so her career began to move at a rapid pace. Today, the Qi Nian Newspaper Company has a heavy debt ratio, exceeding 65%, but with the support of cash cows, there will not be too many problems.

Li Wendi looked through the financial reports and property asset reports and found that the acquisition premiums of some properties were too high. The properties were miscellaneous, like a storage room, and effective management could not be formed, resulting in a great waste of manpower and resources.

However, these drawbacks will not pose major problems for the time being, because the local market is still in its rising phase. Once the local market can no longer hold on, the Qinian Newspaper Company may face the crisis of liquidation.

Li Wendi frowned and said, "Why didn't you hold a board meeting when making these decisions? If we didn't jointly hold more than 50% of the shares, you would have been jointly pulled down from the position of chairman by those directors."

He Qijun said weakly, "Last time I heard you say that the local market will continue to rise, so I want to get more assets for the newspaper company. I wanted to increase the company's market value to 10 billion yuan."

Listening to He Qijun's sophistry, Li Wendi was so angry that he almost died. The interest on property loans was higher than the rent, and even the increase in local cities had not caught up. Fortunately, there were profits from other industries to support the company, otherwise the company's profits this year would have turned negative.

"How do you want to solve these debt problems now?" Li Wendi put down the documents in his hand and asked.

"One option is to raise funds through share offering, and another option is to sell some properties," said He Qijun.

"Don't even think about raising funds or issuing shares. The debt is so serious, and the properties we have don't have any special highlights. If there were commercial buildings in Central or Wan Chai, we could give it a try then." Li Wendi said helplessly.

In fact, if the company is well-known, it may be able to raise funds. However, if a company like Qinian Newspaper Company is not very popular in the stock market, investors will not recognize it.

The same was true of Hu Xian in his previous life. After entering the city, he found that making money was much easier than working in the newspaper industry, so he abandoned his familiar industry and turned to speculating in properties. As a result, he encountered a major crash, was heavily in debt, and faced bankruptcy liquidation.

The real estate industry seems to be profitable, but in fact many people go bankrupt because of it, otherwise there would not be the four major families in Hong Kong.

"Then we can only sell part of the properties." He Qijun sighed.

"There are also ways to sell properties. Keep the properties in Sheung Wan, Central, Kowloon, Wan Chai, Causeway Bay, and some high-quality industrial buildings in North Point. Sell all the rest." Li Wendi continued, "According to my preliminary calculations, you can keep a maximum of 1.8 million yuan in property assets, which can barely maintain a balance between income and expenditure."

He Qijun still felt a little distressed about selling nearly half of the properties, but Li Wendi obviously had no intention of helping, because it was obvious that Li Wendi wanted to keep all the properties.

"Acquiring properties is a science. You can't just buy a property when you see it. Properties that have not yet formed a scale are only suitable for small-scale private operations. For listed companies, too many properties would be a burden." Li Wendi gave He Qijun some advice.

This woman He Qijun has been led astray by this old woman Hu Xian. She buys any property she sees without any focus.

"According to the current land price, won't the company lose the interest on the bank loan?" He Qijun still didn't give up.

Li Wendi sneered, "You are losing a little interest now, but it will be the principal in the future. I don't know how the bank dares to grant you such a high proportion of the loan?"

"The loan manager knew I was Mrs. Li and that Qi Nian Newspapers was our family company, so I asked him if there would be much trouble in getting a high-ratio loan."

Li Wendi sighed and said, of course the bank is willing to lend you the money, not because of the Qinian Press, but because of himself.

(End of this chapter)