Started from Hong Kong Island

Chapter 412 410 [Tiger and Leopard Acquisition Case Breaks Out]

Hong Kong Land Company Meeting Room

Chen Songqing, Niu Bijian and Bao Fuda gathered here, looking quite solemn.

Of course, Newby and Bao Fuda were very reluctant to hand over the old wing project of Miramar Hotel to Li Wendi, but there was no other way now. The current situation of the Carrian Group was dire, and there were only two results: one was a direct loss of 9.24 million yuan, and the other was a loss of 4.24 million yuan.

Even if they were unwilling, the two had no choice but to accept it. Their situation was not good. If the board of directors knew that they had given up the plan to reduce losses, they would definitely be held accountable and their fate would be even worse.

"Boss Newbyjian and President Bao Fuda, we have no other choice. I personally don't want to hand over such a good project to Li Wendi, but we have to solve the current difficulties, and this is the only way. I believe that the 2.5 million yuan is also a good thing for the Swire Group and can ease the current debt problem." Chen Songqing persuaded.

Niu Bijian and Bao Fuda looked at each other and nodded at the same time.

They all knew that doing so would only aid the enemy, but if they forced it, they would only kill one thousand enemies and lose eight hundred of their own.

In fact, Newbyjian and Bao Fuda have been dissatisfied with Chen Songqing for a long time. Ever since they revealed that the Jianing Group was in debt of 60 billion yuan, the two of them suddenly realized that Chen Songqing had relied on loans to expand the Jianing Group to its current size without taking a penny out of his pocket. This was a blatant lie.

The most important thing is that no one in Hong Kong doubts Chen Songqing and everyone is vying to cooperate with him.

As a result, the two people felt ashamed of being "made a fool".

After Chen Songqing left, the two were silent for a long time.

Niubijian was the first to break the silence, saying, "Fortunately, we only cooperated with the Jianing Group on the old wing project of the Miramar Hotel, otherwise the loss would be even greater."

Bao Fuda said, "The debt of the Jianing Group is so serious that I think the banks will do their best to save the Jianing Group. After all, the collapse of the Jianing Group will be the biggest loss for the banks."

Bao Fuda still holds out hope for the Jianing Group, thinking that as long as Chen Songqing is more cautious and does not make any more mistakes, the group may be able to overcome the crisis.

Niubijian shook his head and said, "With so many bank loans, which bank wouldn't want to pay them back first? The Chinese have a saying called 'diverting trouble to others'. The banks will not lend money to the Jianing Group anymore, and will also drain Chen Songqing's cash flow. I believe that as soon as Li Wendi's money arrives, some bank will come to collect the debt."

Bao Fuda was shocked when he heard this, as if the collapse of the Jianing Group was inevitable and the land company he presided over had no way to keep the funds.

"Let's talk about Li Wendi. Wang Tichuan of Henderson Land Development has contacted me and wants to buy the five commercial buildings in Central that we are selling. The asking price is 5 billion yuan," said Newby.

"What? One billion yuan? Is Wheelock Group crazy? That's a commercial building in Central, not cabbages on the street." Bao Fuda got angry all of a sudden.

Niubijian waved his hand gently and said, "As for bargaining, just raise the price. One billion yuan is of course impossible, but according to Li Wendi's usual style, we can't make any profit."

Bao Fuda gritted his teeth and said, "Even if he is a stingy person, I will still take a hair from him. I don't believe that Li Wendi will always be so powerful."

Newbijian stopped persuading him. It was a good thing that Bao Fuda had the fighting spirit. Even if he could not save the current decline or prevent the Keswick family from making a comeback, it could allow him to leave Jardine Matheson with some dignity.

Wheelock Company Chairman's Office
Li Wendi laughed, "20 billion yuan for five commercial buildings in Central. Bao Fuda, who has this position, dares to bargain. Since the opponent has made a move, let's make another move. Throw out the offer of Hong Kong Land and release the news that Wheelock Group, Cheung Kong Holdings, Wharf Holdings and Electric Light Company have jointly launched a takeover of Hong Kong Land. Let's see how Bao Fuda responds."

"." Wang Tichuan and Ye Wenjian were stunned. The boss actually wanted to acquire the land company? ! "Boss, are you really going to do this?" Wang Tichuan asked.

“Of course it’s true, but my goal is to acquire 5-10 commercial buildings in Central and take over all the properties of Hutchison Whampoa in Causeway Bay. Can Wheelock Group take on this project?” Li Wendi raised the corners of his mouth and smiled meaningfully. Now is the most appropriate time.

Wang Tichuan was very excited when he heard this, but he soon calmed down. It was not so easy to acquire the Swire Properties.

"Hutchison Whampoa can only take out 30 billion yuan at most. If it takes more, it may affect other plans." Wang Tichuan glanced at Ye Wenjian while speaking.

In name, Ye Wenjian was a person of equal status to Wang Tichuan. In fact, he had always been helping Wang Tichuan and he never got tired of it, so he immediately understood what Wang Tichuan meant.

"The shipping company and department store can raise 7 million yuan." Ye Wenjian replied.

Li Wendi nodded with satisfaction. "The current market value of Hong Kong Land is 180 billion yuan. Jardine Matheson holds 28.4% of the shares. We need to hold more than 20% of the shares before we can announce the acquisition. That means 36 billion yuan. Wharf Holdings has already secretly purchased Hong Kong Land shares and probably absorbed 4% of the shares."

"When Wharf Holdings runs out of funds, you will take over. Also, in order to prevent the other party from making a joint acquisition and triggering the 35% limit, you must set up a new company before taking action, inject stocks and funds, and divide the shares of the new company according to the investment ratio."

"Yes! It would be better if the boss convenes this meeting. After all, none of us is qualified to preside over this joint meeting." Wang Tichuan made a pertinent suggestion.

Even though the bosses of Li Wendi's companies have a harmonious relationship with each other, they can be very fierce when it comes to fighting for power, and only Li Wendi can suppress it.

Li Wendi understood what Wang Tichuan meant and said, "Okay! I'll have my secretary notify them. Let's just drag it out with the Jardine Matheson for a month or two, which will give us enough time to make the secret purchase."

Changxin Group Office

Li Wendi rushed in and asked, "How much funds does the Singapore branch have?"

That’s right, the acquisition of Tiger Balm International was discovered, and the Huang Zuoyao family of United Overseas Bank had already started mobilizing funds. The arrow was on the string and had to be shot.

"It's only 5.7 million yuan, which is about 1.4 million Singapore dollars. However, Citibank Singapore Branch has agreed to a loan of 3 million US dollars," said Zhang Wentao.

"It seems that I have to go to Singapore in person. The situation in Hong Kong is very delicate and I didn't want to leave. But now it has come to this point and I can't take care of so much." Li Wendi sighed.

Zhang Wentao thought for a moment and said, "Should we take the initiative to disclose this news to the media? I am mainly worried that someone will make a fuss about it, hit the share price of Changxin Group, and cause trouble for us."

The boss of the group has always been one of the key factors in stock price fluctuations. Leaving Hong Kong at this sensitive time will inevitably cause turmoil.

"For external publicity, Changxin Group is holding an important ribbon-cutting ceremony in Singapore, and I need to go there to cut the ribbon in person." Li Wendi gave a random reason.

"Why don't we just tell the truth? The news from Singapore will soon reach Hong Kong anyway. It would be better to tell it earlier. Perhaps it will allow the group's stock price to go against the market trend and rise." Zhang Wentao suggested.

Li Wendi waved his hand and said casually, "Just discuss it among yourselves. It's just an excuse."

(End of this chapter)