Started from Hong Kong Island

Chapter 393 391 [Second Round of Negotiations]

Changxin Group has ample funds. If it combines with its real estate companies, the consortium it forms will be very competitive. Therefore, Changxin Group will definitely be at the top of the list of competitive companies being studied and will receive great attention.

Li Wendi believes that the Sheung Wan MTR station project must be acquired at a high price, but the price range still needs further study.

The next afternoon, Li Wendi's office welcomed a distinguished guest - Chen Zengxi from Hang Lung Company.

"Mr. Li, it's been a long time since we last met. Changxin Group has become increasingly large, leaving us in the same industry far behind." Chen Zengxi greeted him warmly.

In 79, Hang Lung Group had gotten rid of the difficulties brought about by the big crash in 73. It is now one of the top ten listed real estate companies in Hong Kong, with a market value of billions and as many as 50 real estate projects under development. It seems to be determined to regain the profits of the past few years.

"Mr. Chen, you're too kind! Changxin Group is still at a disadvantage in real estate development." Li Wendi said modestly.

"Mr. Li, you are too modest! Everyone in Hong Kong knows the reputation of the Changxin Group," Chen Zengxi flattered.

The two of them boasted back and forth for more than ten minutes before they got down to business.

"Mr. Li, what do you think about the bidding for the property development rights projects above the two subway stations?" Chen Zengxi asked with a smile. If he could take advantage of Changxin Group, there would be a great chance of winning both projects.

Li Wendi smiled and said, "Changxin Group is more interested in the Sheung Wan MTR station project. After all, Sheung Wan is closer to the Central business district, and there are many high-quality commercial buildings in Sheung Wan."

"Does Changxin Group plan to set up its own consortium to bid? Hang Lung is looking for other companies to jointly bid for this project. I heard that the subway company is short of funds. These two subway stations do not intend to take a 50% profit share and want to sell the land at once to recover funds." Chen Zengxi looked at Li Wendi and said.

Li Wendi thought for a moment, "Is Mr. Chen planning to have Hang Lung and Cheung Kong Group form a consortium to bid for the Sheung Wan MTR station project? It's not impossible, but how does Mr. Chen want to distribute the profits and investment?"

"How about the Cheung Hsin Group holding 51%, but Hang Lung Group taking the lead?" Chen Zengxi suggested tentatively.

Today's Changxin Group is very powerful and may not allow other companies to lead such a large project.

"Okay! My only requirement is to complete this project as soon as possible and strive to move in in the first half of next year." Li Wendi said seriously.

Chen Zengxi thought for a moment and said, "Mr. Li, are you worried that there will be real estate adjustments that will seriously affect land prices?"

There was a weird feeling in the real estate market at this time, as if there was nothing to take in or to spit out. Many stable real estate companies had already shrunk their operations, withdrawing their reserve funds, and preparing for bad situations. New World Development Company was one of them.

As a well-known real estate tycoon in Hong Kong, Chen Zengxi could not have escaped these things. In addition, he suffered losses in 73, so his mind became more sharp. If there was another crash like in 73 and Hang Lung suffered heavy losses again, it would definitely not be able to keep up with other real estate companies.

"Hmm!" Li Wendi said, "The price of industrial buildings has shown a downward trend. Although it is not enough to affect commercial buildings and residential buildings, we still need to pay attention to it. In addition, the Sino-British negotiations are still in progress. Mr. Chen should be very clear about the impact of politics on local cities."

Chen Zengxi found out that Li Wendi was worried that the negotiations would affect land prices, and that all land market adjustments were fake, and he wanted to control the losses within a certain range.

"Okay! As long as our bid is successful, Hang Lung will give priority to the property development rights project above the Sheung Wan MTR station, and try to complete it in the first half of next year." Chen Zengxi guaranteed.

"I heard that the MTR Corporation is preparing to release a piece of land with an area of ​​13825 square feet on Cotton Tree Drive in Central. Is Hang Lung Group interested in bidding together?" Li Wendi said sincerely.

Chen Zengxi was a little surprised. Although the price of land in Central was high, the Cheung Hsin Group was committed to becoming a landlord in Admiralty, and had recently spent a huge amount of money to acquire a land of more than 2 square feet in Harcourt Road, Admiralty. Why would they now join forces with him to bid for such a small piece of land in Central?
"Mr. Li, excuse me for asking, why do you want to cooperate with Hang Lung Company? Changxin Group should be fully capable of taking over this small piece of land." Chen Zengxi said after thinking for a while.

"Mr. Chen is right! Changxin Group is indeed strong, but Changxin Group has other projects that require a lot of funds, so it hopes to join forces with other companies. When this commercial building is completed, Changxin Group will have sufficient funds and will buy back those interests from Mr. Chen." Li Wendi said with a smile. "I heard that the subway company will launch 9 subway station projects in Hong Kong Island this year. Is Mr. Li going to compete with all his strength?" Chen Zengxi was a little worried.

Li Wendi understood Chen Zengxi's concerns and said with a smile, "Changxin Group is not very interested in the remaining seven subway station projects, and the reserved funds have other uses."

"Haha!! Mr. Li, don't worry, the commercial building built on the Cotton Tree Road land will definitely belong to the Cheung Kong Group." Chen Zengxi said with a smile. Hang Lung Company also wants to regain some advantages by relying on these subway station projects and return to the forefront of the top ten real estate companies in Hong Kong.

In fact, among the real estate companies in Hong Kong, only Hang Lung Group has a significant interest in subway station projects. Other companies know that subway projects have huge profits, but they prefer to invest the same amount of funds in large-scale residential properties.

Therefore, Chen Zengxi personally went to negotiate with Li Wendi and reached a deal.

Soon, Li Wendi and Li Jiacheng had a second round of negotiations with the Husheng Group.

After Li Wendi’s last promotion, Rediffusion Television of Husheng Group did not have many buyers, so it had to sit back at the negotiation table with Li Wendi and Li Jiacheng.

"Mr. Willis, let's stop talking nonsense this time. It is impossible to buy 5.7% of ATV's shares for 51 million yuan, but we are willing to raise the price a bit, to 4.8 million yuan," said Li Wendi, crossing his legs.

Willis remained firm, "4.8 million yuan is still a bit low, but you are sincere, and we are willing to step back and offer 5.6 million yuan."

Li Wendi shook his head. "4.9 million yuan!"

"No no!! 5.5 million yuan! This is our lowest price." Willis said.

After a new round of negotiations, Li Wendi, who has always been ungentlemanly, did not have as many concerns as Li Jiacheng, and finally lowered the price to 5.1 million yuan.

Seeing this, Willis had no choice but to agree. His last offer was 5.2 million yuan, which was not much different from this price.

"Okay, Mr. Li! Let's make the deal at 5.2 million yuan." Willis extended his right hand to the two men.

After shaking hands, the three of them sat down again and began to enjoy dessert and red wine.

Li Wendi doesn’t know what this combination is, but it’s still quite novel.

"Mr. Li Wendi, can I ask you a question?" Willis said.

"Sure! As long as it's not personal privacy or group secrets, I can answer it." Li Wendi smiled.

"That's great. What I want to ask is, since Changxin Group already has TVB, why does it want to acquire ATV?" Willis asked.

"Because I don't like TV stations with too many constraints, I like to make my own decisions." Li Wendi said with a smile.

Willis nodded thoughtfully, as if he didn't quite understand.

(End of this chapter)