Started from Hong Kong Island

Chapter 395 393 [Singapore Strategy]

August 81
The MTR Corporation has launched a property development rights project above the Admiralty Section 6.9 MTR station. The land area is as large as square feet and is located in the prosperous financial area of ​​Central. Major companies have formed consortiums to bid for this precious land.

However, Changxin Group and all the companies under Li Wendi ignored this project. Even when Chen Zengxi and others from Hang Lung Group came to seek cooperation, Li Wendi declined. The senior management of the companies expressed their confusion, but Li Wendi did not give a clear explanation.

In fact, the funds involved in this piece of land are too huge, and it is too close to the time of the big crash. Bidding now will inevitably result in losses. In its previous life, Hang Lung Company lost 4 million yuan on this project, and this piece of land allowed Hang Lung Company to win the bid with 22.2 billion yuan.

But in 87, the Benda Group acquired the twin towers built in the Admiralty Section 19 project for 22.22 billion yuan. At this time, it needed billion yuan for the land, which was really a huge loss.

Li Wendi certainly cannot do such a loss-making deal. Even if the twin towers will not be sold and he will hold on to them forever, he does not want to tie up 22 billion yuan in them.

Some people outside speculated that Li Wendi was playing hard to get, hoping that the various consortiums would relax their vigilance so that the Changxin Group could break out of the siege.

Such a statement is naturally untenable, because at least 20 consortiums are eyeing this piece of land, and Changxin Group is not a threat to so many people.

The subway company only announced in September that it would launch a formal bidding in February next year. Because the amount involved is huge, each company is given half a year to prepare.

Since the Hong Kong government sent out a signal of land adjustment in August, the enthusiasm in the real estate market has eased. Many international speculators have chosen to wait and see, fearing that they will lose all their money if they invest too much.

Villa No. 23 in Deep Water Bay, where Zhao Yazhi lives
Under the instructions of Li Wendi, Zhao Yazhi's private company, Diya Real Estate Company, sold its 23 square feet industrial building property last year and made a profit of 2116 million yuan.

Zhao Yazhi has some business acumen. After making a profit of 2116 million yuan, she did not stop, but invested all the recovered funds in residential buildings. However, she also encountered failure in the last 7 residential buildings of the first phase of Shatin First City. Now, 37 residential units are stuck, involving funds of nearly 1500 million yuan.

Of course, this did not cause any crisis for Diya Real Estate Company, but Zhao Yazhi wanted to get the funds back, so she set her sights on Li Wendi.

In early 81, Zhao Yazhi gave birth to a son, and Li Wendi named him Li Ye.

Zhao Yazhi carried Li Ye to Li Wendi, rested her chin on Li Wendi's shoulder, and said coquettishly, "The city is so prosperous, why is there a slow-selling imagination? The real estate projects under Changxin Group are too bad. No, you have to help Changxin Group compensate me for the losses."

Li Wendi teased his son while saying, "Doing business is inherently risky, and it is normal to lose money. Who can guarantee that doing business will make money? If it can be guaranteed, will there still be poor people in this world?"

"I don't care! That's your son's milk powder money. If you don't have it, your son will starve." Zhao Yazhi said pretending to be angry.

Li Wendi laughed and said, "Qijun lost so much money on the industrial building property, and she didn't dare to ask me for it, but you dared to ask. The money is gone, but there is a way to make money. Do you want it?"

"Of course, I want money too." Zhao Yazhi suddenly became excited.

"Okay, for the sake of my son, I'll give you 1000 million, but you have to pay it back." Li Wendi asked the servant to come and carry Li Ye away, and hugged Zhao Yazhi. "The luxury houses in the Mid-Levels, the commercial buildings and shops in Central, Wan Chai, and Causeway Bay should have another increase in value. As for when to sell them, wait for my instructions."

"What about the commercial buildings and shops in Yau Tsim Mong District and Tsim Sha Tsui? Did they also see a big increase?" Zhao Yazhi asked very cleverly. "Yes, there are, but you have to be careful. Financial companies are now heavily in debt and there is also a risk of bankruptcy. If you don't have the money to pay back and the property is sealed, it will not be worth it." Li Wendi reminded.

"Finance companies shouldn't go bankrupt, right? They accept deposits from citizens and then lend them to others." Zhao Yazhi said in confusion.

"As far as I know, the deposits of every financial company are decreasing. If rumors arise, will the financial companies have money for citizens to withdraw? If there is no money, what do you think the citizens will do?" Li Wendi said jokingly.

Although there have been many bank runs in Hong Kong's history, no financial company or bank has learned any lessons. They are even crazier than the real estate developers.

"Bank run?!" Zhao Yazhi had heard about these things, but the temptation to make money was too great. She asked, "If we don't lend money, Diya Real Estate Company will make much less money. Is there any other way?"

Li Wendi shook his head and said, "No! If you don't want to go bankrupt, it's better to be safe."

"Okay!" Zhao Yazhi suddenly thought of another idea. "Li Xin's jewelry company made a lot of money the year before last. I can join her in speculating in real estate."

Li Wendi smiled and said, "Li Xin's earnings are nowhere near as much as Qi Jun's Junfu Jewelry Company. You three sisters can speculate in real estate together, but I remind you in advance not to borrow too much, and don't expect me to pay back the money for you."

"Got it!" Zhao Yazhi immediately escaped from Li Wendi's clutches and slipped over to call Huang Lixin, "Hey! Lixin, I have a way to make money. Yes, I will definitely make money."

Li Wendi couldn't help laughing when he saw Zhao Yazhi being so crazy. The money in the hands of these three women could affect the entire Causeway Bay's shop properties.

Changxin Group Office

Li Wendi put the document down and said to Zhang Wentao, "The Hu family in Singapore has been driven out of Tiger Balm International. Even if we take action now, it cannot be regarded as seizing their property. How much equity do we hold in Tiger Balm International now?"

"About 7%, which is a big gap compared to the 29% stake held by the largest shareholder. If we contact those small shareholders without authorization, we are afraid of alerting them." Zhang Wentao reported.

“What about Yeo Hiap Seng Group? We just want to join the board of directors.” Li Wendi said somewhat dissatisfiedly.

Yeo Hiap Seng Group is also a listed company in Singapore, but its canned food, beverages and other products are very well-known in Hong Kong, and it owns land worth tens of billions of yuan in Hong Kong.

No matter which one it is, it is what Changxin Group needs. After all, Changxin Group also has beverage and food companies. What is more interesting is the land worth tens of billions of yuan.

"Yeo Hiap Seng Holdings holds 38.9% of the group's shares. We have spent 6700 million yuan to acquire 6.6% of scattered shares from the market, but we are not yet qualified to join the board of directors." Zhang Wentao said with a guilty conscience, thinking that he had not done his job well.

"Let's take our time to acquire the company. We must not alert the Yeo Hiap Seng Group. The head of the Yeo family, Yang Tianen, is not so easy to deal with."

(End of this chapter)