Started from Hong Kong Island

Chapter 392 390 [Metro Station Covered Property Project]

Li Jiacheng tried to smooth things over and said, "Mr. Willis, 6% of the shares for 51 million yuan is impossible. How about 4.5% of the shares for 51 million yuan? This price is very suitable."

Seeing Li Jiacheng being so modest, Willis thought for a moment and thought that 4.5 million yuan was definitely not the bottom price, so he shook his head and said, "Although Rediffusion Television is not as good as TVB, it is also one of the big stations in Hong Kong, and Rediffusion Television has good assets."

In response to Willis's bragging, Li Wendi stopped talking and sat down to rest. Li Jiaben himself was a master of negotiation. He had just been the bad guy and now he didn't want to get involved.

Seeing Li Wendi closing his eyes to rest, Li Jiacheng knew what Li Wendi meant, so he began to negotiate seriously. "Mr. Willis, TVB occupies more than 90% of the Hong Kong TV program market. According to my investigation, the asset value of Rediffusion Television is about 8.3 million yuan, and 51% of the shares are worth 4.2 million yuan. The offer of 4.5 million yuan is already a 7% premium. The asset value of Rediffusion Television that you mentioned is just fictitious."

"If I am wrong, please provide some proof, Mr. Willis, otherwise we can only calculate based on the asset value of 8.3 million yuan."

"No, no! Mr. Li Jiacheng, of course we have the proof, but it is a secret of the TV station and we cannot show it to outsiders." Willis still wanted to be stubborn.

"Then we can ask a professional company to do the evaluation, and we will bear the costs." Li Wendi said with his eyes closed. The foreigner's trick was too crude.

"Mr. Li Wendi, it's not a matter of expense. Some of ATV's accounts cannot be known to outsiders," Willis argued.

Li Wendi was silent again, so Li Jiacheng could only continue, "Then how can Mr. Willis ask us to trust you? Or we can sign a relevant agreement. If there is a discrepancy in the asset value, you will bear the responsibility and compensate for the loss."

"Mr. Li Jiacheng, we British people have always been very honest in doing business. Signing an agreement will have a huge impact on our friendship," said Willis.

Hearing this, Li Wendi smiled slightly. Credibility? It seemed as if they had cooperated before.

Isn't it nonsense that a stranger wants others to trust him unconditionally?

Worried about not being able to reach an agreement?

Li Wendi is not really afraid. The Voice Group has suffered huge losses in its investment in Rediffusion Television, and has reached the point where it has to sell it. Of course, it can continue to persevere, but the difficulty of operating it is increasing. After all, the Voice Group wants to withdraw from Hong Kong.

Li Jiacheng and Willis were arguing until the food on the table had gone cold, and neither of them could agree on a suitable price.

"Mr. Li, it seems that we are just wishful thinking. The Voice Group has no intention of selling ATV. We might as well apply for a new TV station license from the Hong Kong government." Li Wendi said lightly.

Willis was refusing to lower the price, but he was also unwilling to produce any substantial evidence, so the negotiations made no progress.

In fact, the sale of such a large asset requires relatively long negotiations, but this Willis guy is a bit disgusting, it seems that they are determined to acquire it.

"Mr. Li Wendi, it's not that Husheng Group doesn't want to sell. It's just that the price you offered is too low. It's not the ideal price for Husheng Group." Willis sighed.

"Mr. Li, let's say goodbye. My group still has some things to deal with." Li Wendi didn't want to talk anymore. If every business wanted an ideal price, how could the other party's interests be guaranteed? It couldn't be ideal every time.

Li Jiacheng couldn't see any hope of reaching an agreement for the time being. "Okay, then we'll take our leave first, Mr. Willis!"

Li Wendi has never been so conventional in doing things. After leaving Willis's sight, he said to Li Jiacheng, "We can publicize today's events to Husheng Group."

Li Jiacheng thought for a moment and said, "Mr. Li, will this be disadvantageous to us? The sale of Rediffusion Television by Husheng Group may attract the covetousness of others." "Mr. Li, you are wrong! As long as this matter is publicized, those who want to attack Rediffusion Television will give up their ideas because they don't want to offend you and me." Li Wendi smiled and said, "A television station with no competition is the cheapest, and even if we don't publicize it, will Husheng Group give us a bargain?"

"That's true." Li Jiacheng nodded.

After the two broke up and left, Li Wendi cursed inwardly, "Old fox!"

It is impossible that Li Jiacheng did not think of these things. He just loved his reputation and did not want such things to ruin it, so he pretended to be confused so that Li Wendi could come to the fore.

Li Wendi naturally doesn't want to be taken advantage of because of his reputation, especially by British companies.

With Li Wendi's hype, the whole Hong Kong soon knew about this matter. Li Wendi published all the information he had found about the asset value of ATV. Many people felt that the Voice Group was asking for too much and wanted to take advantage of the two Chinese tycoons.

Li Wendi unexpectedly chose to avoid the interview with the reporter this time, making the Voice Group even more rampant.

Mid June

The MTR Corporation has released the news of the development rights project of the property above the Sheung Wan MTR station, which covers an area of ​​6.2 square feet and can be used to build a commercial building with a floor area of ​​72 square feet.
This project is priceless. Sheung Wan is close to the Central business district and there are many commercial buildings already in operation nearby. If it is built into a commercial building, it will all be Grade A and its value will be no less than that of the current Causeway Bay commercial buildings.

Of course, in terms of the prospects of the two, Causeway Bay is better.

Zhang Wentao placed the information of the Sheung Wan MTR station project on Li Wendi's desk early in the morning, waiting for Li Wendi's call.

After reading the information, Li Wendi thought it was worth a try. He first asked the construction company to produce a detailed project report. If the construction of the two Grade A commercial buildings could be completed within 18 months and sold before August 82, he might be able to make a fortune.

So Li Wendi personally called Hong Tingshan of Wenyan Construction Company and asked him to lead a team to investigate and give him a reply. There was no need to produce any report.

Hong Tingshan certainly took it very seriously and as soon as he received the call he gathered people and headed to Sheung Wan.

It was not until after get off work, when it was almost 7 o'clock, that Hong Tingshan called Li Wendi and said that if they won the bid for the project, they could complete the construction within 16 months.

The next morning, Li Wendi called Zhang Wentao and asked him to contact his Henderson Land Development and China Entertainment Properties to bid for the Sheung Wan MTR station project.

At this time, the subway company announced another subway station project in Hong Kong Island - Sai Ying Pun subway station. The area of ​​this project is larger, up to 8.7 square feet, but the land layout is rectangular, and it is somewhat difficult to build a commercial building. Both the geographical location and value are not as good as the Sheung Wan subway station.

However, there will be no shortage of competitors for the property projects above the Sai Ying Pun MTR station, and they may even be more popular than the Sheung Wan MTR station because large conglomerates will choose more advantageous sites.

Li Wendi had no impression of the property development rights project above the Sheung Wan MTR station, so this time he could only rely on his accumulated past experience.

However, Li Wendi was still aware that his biggest rival was the consortium organized by Hang Lung Group.

Suddenly he remembered the 1.3 square feet piece of land on Cotton Tree Drive in Central. It seemed to be more valuable and he wanted to acquire it even more.

(End of this chapter)