Started from Hong Kong Island

Chapter 401 399 [Still can’t get it right]

Wednesday, May 11

Hysan Development Company Limited was listed on the Hong Kong Stock Exchange, issuing 1 million new shares with a par value of HK$2 and an open sale price of HK$3, raising a total of HK$3 million. Among them, 5100 million new shares were subscribed by the Leigh family, who held a total of 9200 million shares of Hysan Development Company, accounting for 51.1%, making them the largest shareholder of Hysan Development Company and the controlling family.

The Li family has always been low-key and cautious in doing things. After their nest was raided by Li Wendi, they have become more stable and are always on guard against others who want to seize their family business.

Through various channels, Li Wendi obtained 1080 million new shares of Hysan Development Company, accounting for 6%, making him the fourth largest shareholder of Hysan Development Company. However, Li Wendi does not intend to seek a board seat because this is just an investment.

Moreover, the impulsive pursuit of a board seat on Hysan Development is not good for Li Wendi himself. After all, Hysan Development has reduced its size and is completely relegated to the core area of ​​Causeway Bay. Its territory in other areas is not as good as that of Luckin Coffee.

According to the budget of the investment department of the Changxin Group, Hysan Development owns several buildings and a large number of shops in Causeway Bay, with a rental area of ​​more than 200 million square feet and an asset value of between 30 billion and 40 billion yuan.

However, considering the low-key style of the Li family, the controlling family of Hysan Development, the market value of Hysan Development is unlikely to exceed 25 billion yuan, that is, the share price will not exceed 14 yuan.

There is a profit of about 10 yuan per share, which means that Changxin Group can make a profit of 1 million yuan.

Bai Hui, manager of the investment department, suggested hyping up the stock price of Hysan Development Company to 20 yuan per share, which would be close to the market value and the group could make a profit of 1.8 million yuan.

Li Wendi shook his head and rejected the proposal. The reason he gave was that it was not nice to be greedy and he did not want to have conflicts with Hysan Development Company. In fact, he just looked down upon the 8000 million profit.

As long as the second generation of the Li family is around, Li Wendi still doesn't want to spend time dealing with them, because the manpower and material resources consumed are not proportional to the returns, or even nothing can be gained.

Starlight Real Estate Office

According to the cooperation agreement, Starlight Real Estate Company holds 40% of the equity in the Garden Road land project and contributes 40% of the capital.

After consultation with Hang Lung Group, the bid price was set at HK$25 billion. The current market value of the land is HK$28 billion. However, once the signal of land adjustment came out, many real estate developers dared not invest large sums of money in the Hong Kong market as before, so there was no need to set the bid price according to the market price.

Even the price tag of 25 billion yuan was considered a bit high by Chen Zengxi. His ideal price was 23 billion yuan. However, Li Wendi felt that 2 million yuan more would be safer.

Chen Zengxi had the idea of ​​asking for less equity, but seeing how confident Li Wendi was, he immediately decided not to change the 50% equity in the verbal agreement. Once the bid was successful, Hang Lung Company wanted to pay 3.75 million yuan immediately.

The remaining balance generally needs to be settled within 3 months, unless the amount involved is huge, then the extension can be six months to a year.

Hang Lung Group started to take on a large number of super-large projects in the second half of 80. Most of them were related to subway station projects and the amounts involved were also relatively huge. Therefore, Hang Lung Group also needed a loan for the Garden Road land king project.

Of course, what can be mortgaged is only the 50% equity held by Hang Lung Company, not the entire project.

It was not until 5 pm that the Hong Kong government announced the result: Hang Lung Group, Star Properties and Cheung Kong Properties won the bid with a price of 25 billion yuan.

After the reporter's persistent persuasion, officials revealed that the second place was Cheung Kong Holdings with a bid of 23.1 billion yuan. Chen Zengxi heaved a sigh of relief after hearing the news. Fortunately, he listened to Li Wendi and raised the bid price. Otherwise, it would be embarrassing to lose the bid by a difference of 1000 million yuan.

As Hang Lung Properties had too many projects on hand and did not have sufficient start-up capital, Chen Zengxi discussed with Li Wendi to postpone the entire plan until Hang Lung Properties' funds were recovered.

Li Wendi agreed. The important reason was that the big crash was about to come, and it would definitely come before the Garden Road residential building was completed, so there was no need to rush to build the residential building.

With the financial support of 100 million yuan, Zhou Liang Suk-yee launched a series of reorganizations at Asia Television. First, she recruited former colleagues from ATV, then poached administrative personnel from TVB with high salaries, and at the same time fired many of Asia Television's original employees and reformed the company's system.

Li Wendi personally sent several good planning proposals to Asia Television, including variety shows such as Defenseless Night, Millionaire, and Boss, and asked Zhou Liang Shuyi to prepare these shows well.

Of course, some programs must be hosted by the same hosts as in the previous life, otherwise the effect would not be good, so Li Wendi wrote down some of the candidates. As for how to get these people over, that was Zhou Liang Shuyi's business, otherwise Li Wendi would have no use for her.

The stingy Uncle Shaw didn't care at first about the "opening up" of Asia Television. But when several important figures were poached later, he started to get nervous. So he learned from his mistakes and raised the salaries of TVB staff, actors and other personnel in an attempt to retain more talent.

Unfortunately, the stingy Uncle Shao was still stingy, and the salary he offered was far from what Zhou Liangsuyi had proposed. So Uncle Shao shamelessly played the emotional card with his employees, but it was no match for the temptation of money.

So Uncle Shao actually approached Li Wendi and wanted him to work for Asia Television.

"Mr. Shao, I'm just a shareholder of Asia Television, not the chairman of the board of directors. Although we both have the surname Li, my Li is not the same Li as others. If you want to negotiate, you still need to find Mr. Li Jiacheng, not me." Li Wendi looked at Run Run Shaw very seriously and said, "A man in his forties has been trying to take advantage of others and is always stingy. I don't know why he keeps all the money?"
"Mr. Li, you are the chairman of TVB. You still need to be personally involved in this matter, otherwise the profits of TVB will be greatly reduced." Run Run Shaw said.

Li Wendi laughed and said, "Mr. Shao, even such a problem requires me to personally deal with it. Shouldn't you, the general manager, be fired? If a senior executive of my company talks to me like this, I will definitely fire him."

"What's the point of keeping executives who can't help the company solve problems? If they know to go to the boss when there's something wrong, the salary is too easy to get."

Run Run Shaw was so angry that his face turned red. Li Wendi's words were really rude. However, it was absolutely impossible for Run Run Shaw to hand over the management rights of TVB. After all, it was bought at a huge price.

So Run Run Shaw left the Cheung Kong Group angrily.

"You don't want to keep up with the times after living for decades. Do you still think it's his era of bullying and dominating the market? It's really hilarious." Li Wendi laughed jokingly.

Run Run Shaw had completely lost his power in the film industry. Although Golden Harvest Entertainment seemed to have inherited the status of Shaw Brothers Film Company, it was not the case because many actors began to establish their own companies. Although they were related to Golden Harvest Entertainment, Zou Wenhuai actually had no control over these companies and could only be regarded as a partner.

Li Wendi calculated the time. D&B Films and Cinema City Films were about to be established and would compete directly with Golden Harvest Entertainment in film production and cinema chains. Of course, this was much better than competing with Shaw Brothers Films and the scene was not very intense.

No one can stop these things, they are determined by the trend of the times. Anyone who stands in opposition to the trend will become fertilizer for the fish in the sea.

Li Wendi is no exception.

(End of this chapter)