Started from Hong Kong Island

Chapter 381 379 [Power Plant Project]

Furama Hotel Meeting Room
Li Wendi brought Gao Yi to meet Fu Yinzhao, the second-generation head of the Fu Laorong family, who was very low-key. Fu Yinzhao was a little old man in his 50s. His hair had turned white at his temples, but his eyes were still sharp and he was obviously still full of energy.

In fact, there are many such low-key families in Hong Kong. They made their fortunes through illegal means or are descendants of bureaucrats and warlords from the Qing Dynasty and the Republic of China. They fear that being too ostentatious will lead to exploitation by others or public disgust, such as the Lee Hiu-san family in Causeway Bay.

"Mr. Li has achieved such proud results at such a young age. He is indeed an extraordinary person." Fu Yinzhao complimented Li Wendi.

"Mr. Fu, you are too kind! I am sorry to bother you this time. I think the secretary has already told you the purpose of our visit. I wonder what Mr. Fu means?" Li Wendi said with a faint smile.

Fu Yinzhao said without hesitation, "The Furama Hotel is the ancestral property of the Fu family. There is no intention to sell it for the time being. Mr. Li may have made a wasted trip."

Li Wendi smiled. "Not selling? Then why did you meet me? You should have made it clear on the phone. Don't you know that I have a bad temper?"

Obviously, Fu Yinzhao just wanted to take advantage of the opportunity to ask for more benefits.

"We are very sincere. Golden Pavilion Hotel is willing to purchase the shares of Furama Hotel held by the Fu family at a high price." Of course, Li Wendi had to act like he was not short of money, otherwise how could Fu Yinzhao be tempted.

Since the big crash in 73, Furama Hotel has lost a lot of money in recent years, otherwise the news of its sale would not have been announced.

Fu Yinzhao asked, "What price is Mr. Li willing to pay?"

"A 4% premium, 3.5 million yuan, how about that?" Li Wendi said with a smile.

Fu Yinzhao laughed and said, "Haha!! The market value of Furama Hotel is far lower than its net asset value. I think Mr. Li knows very well that the 4% premium may not be much different from the actual asset value, but it is not tempting at all. No member of the Fu family will agree to sell Furama Hotel."

Li Wendi said calmly and gently, "What is the price in Mr. Fu's mind?"

"Five hundred million yuan!" Fu Yinzhao raised his hand and said impolitely.

This price is certainly high, but according to the current market conditions, it can still rise before the big crash in 82. The acquisition will only result in a temporary loss.

"The price is a bit high. I need to go back and discuss it with the directors. Mr. Fu can also talk to his family members to see if the price can be lowered a bit." Li Wendi said goodbye with Gao Yi.

After leaving the Furama Hotel, Gao Yi said to Li Wendi, "Fu Yinzhao really dares to ask for a high price. I think any real estate developer would run away if he heard 5 million yuan."

"It's a good thing that the real estate developer ran away. There are not many companies that can take over the Furama Hotel, and even fewer companies that are so determined. We should wait patiently. As long as the Fu family is willing to sell, they will definitely lower the price." Li Wendi said that the Central property has already exceeded the highest market price in 73.

"That's right!" Gao Yi responded helplessly.

Changxin Group's share offering was completed, raising a total of 15 billion yuan, of which 9 million yuan was personally provided by Li Wendi, and 2.5 million yuan was raised by issuing new shares specifically for the group's management and outstanding employees, with 500 million new shares issued.

Therefore, Changxin Group received a huge amount of funds of 17.5 billion yuan, first repaid the 3.8 million yuan debt that was about to mature, and the remaining 13.6 billion yuan made Changxin Group rich and powerful. Zhang Wentao, Gao Yi, Zhao Lekai and others all wanted to divide up the funds to expand their companies and industries, but they were all rejected by Li Wendi one by one.

"I heard that the Hong Kong government is preparing to hold an auction of government land, among which the Admiralty land king will be launched. This piece of land is next to the Golden Gate Building and we must get it, so this money will be used for other purposes." Li Wendi said.

After hearing Li Wendi's explanation, these people no longer dared to talk about dividing the funds. After all, they all knew the boss's positioning of the Admiralty area. The Cheung Kong Group wanted to become the landlord in Admiralty, just like the presence of the Hong Kong Land Company in the core area of ​​Central.

So, Zhang Wentao began his work report. "The cooperation between the group and Xiangjiang Property Company has almost ended. The 11 residential buildings built on the original land of Meizhenni Industrial Company have all been sold out, with an estimated profit of 1.5 million yuan. We also hold 22 square feet of properties, including a 3 square feet shopping mall. Do you plan to rent these properties for a long time or sell them?"

"Let's sell them all. At this stage, our main focus should be on large properties such as commercial buildings in the city to enhance the group's influence and strength in the city. Compared with Hutchison Whampoa, our group's property rental area is still at a disadvantage. Even if we have 12 commercial buildings of various sizes, they are not as good as Hutchison Whampoa's 7 first-class buildings in the core area of ​​Central." said Li Wendi.

After the high-level meeting, Li Wendi met with Hu Yingxiang of Hopewell Holdings to discuss the construction of the Humen Shajiao Power Plant.

"Hello, Mr. Hu!" Li Wendi stretched out his hand and shook hands with Hu Yingxiang.

Hopewell Industries has recovered last year. The fake stock incident in 73 dealt a heavy blow to Hopewell Industries. Even Hu Yingxiang's father advised him to give up Hopewell Industries (the Hu family had more than just Hopewell Industries). However, Hu Yingxiang did not think that Hopewell Industries had run out of luck. Thanks to Hu Yingxiang's hard work, Hopewell Industries would have been liquidated and closed down.

The Hopewell Centre, built by Hopewell Holdings on Queen's Road East in Wan Chai, has been completed. The 66-storey building is currently the tallest building in Hong Kong, 139 feet higher than the Connaught Building. The rentable area exceeds 80 square feet. The top floor is a revolving restaurant, the middle and lower floors are offices, and the ground floor and basement are shopping malls and parking lots.

Li Wendi even coveted this central building. The Hopewell Centre is in no way inferior to some Grade A commercial buildings in Central.

It has to be said that Hu Yingxiang was very courageous. At this time, many wealthy people were watching and dared not make any moves, but Hu Yingxiang dared to invest in hotels and power plants in the mainland.

"Mr. Hu, you are really brave. Many people avoid talking about these projects, but you dare to rush forward." Li Wendi said with a laugh.

The hotel matter was not a big project for Hopewell Industries, but the power plant was a large project involving a lot of aspects, which was not something that Hopewell Industries could undertake independently.

"Someone has to do it. Since no one else dares to do it, I'll be the first to do it." Hu Yingxiang said proudly.

"In fact, my electric light company has already negotiated a power plant project with the mainland and has started construction. However, it is a small-scale power plant and cannot compare with Mr. Hu's Humen Shajiao Power Plant." Li Wendi said.

"I heard about it, too. That's why I came to see Mr. Li. Many people were perfunctory to me, worried that their investment would go down the drain. I thought Mr. Li shouldn't be afraid, otherwise he wouldn't have built the power plant."

"Mr. Hu, tell me the truth, how many banks are willing to lend you money?" Li Wendi asked.

"There is only one bank, Hang Seng Bank, and the loan amount is not large, only 5000 million yuan." Hu Yingxiang couldn't help feeling a little disappointed.

"Then how much do you want me to invest, Mr. Hu?" Mr. Li smiled. He would definitely invest in this power plant. After all, it was a profitable business. In addition, it was extremely beneficial to the electric light company. It would also be much more convenient for him to invest in other projects in Guangdong Province in the future.

(End of this chapter)