Started from Hong Kong Island

Chapter 426 [Rich Hotel]

After Newbijian and the other two left the meeting room, everyone started chatting with each other.

It was not until half an hour later that Newbijian and the other two returned.

Simon Keswick said, "We at Jardine Matheson have accepted Mr. Shen Bi's suggestion, but the properties sold by Hong Kong Land need to be purchased according to the property prices in the first half of 82."

Li Wendi sneered and said, "Mr. Simon, I personally think there is no need to discuss this suggestion any further. Your Jardine Matheson Company has not recognized the current situation at all. If you want to acquire it at the highest price since the 80s, I would rather mobilize funds to acquire the Hong Kong Land Company."

"Uncle Tong, Mr. Bao, and Mr. Li, what do you think?" Li Wendi turned around and asked his three allies.

Zheng Yutong has always been in the same boat with Li Wendi, so he naturally agreed. "Wendi, I think your idea is good. It's not good enough to get a few properties for a similar price. The six buildings in the core of Central of Hong Kong Land are more valuable."

Li Jiacheng chuckled and said, "Mr. Li, do as you wish."

The charter king nodded and said, "Since we are allies, we must advance and retreat together."

Shen Bi said in a conciliatory tone, "It is indeed not a good idea for the shares of the Land Company to be sold at a 4% premium and the properties to be sold at market prices. It would be better to have a 1% premium. Both parties should make concessions."

Newbijian and Simon began to whisper, apparently discussing whether to agree or not.

"We agree with Mr. Shen Bi's proposal." Ximen said with a grim expression. At this point, it is impossible to gain more advantages. Being able to recover some losses is the result of trying their best.

Overall, the joint venture company still has a great advantage.

Li Wendi exchanged opinions with everyone and said, "That's it."

"I have another request, which should be written on the contract," Simon said.

Li Wendi suppressed his temper and gestured to Simon to continue like a gentleman.

“You, everyone present here, are not allowed to make any acquisitions of the Hong Kong Land Development and its subsidiaries, or support others in acquiring its subsidiaries within the next seven years,” Simon said firmly.

This request was agreed by everyone in the United Company. This battle would greatly weaken the strength of the Landmark Company, and the Landmark Company would definitely learn a lesson and guard against Chinese-funded companies.

It's not that there is no opportunity, but the price to be paid will definitely be much greater than it is now, which means it's not worth the cost, so everyone agreed so quickly.

Li Wendi's interest in Hutchison Whampoa will also reach a historical low, because Li Wendi's company owns a large number of commercial buildings in Central, including the three buildings at the bus terminal, the Global Building in Central, the Cotton Tree Building on Cotton Tree Drive, the Far East Financial Center in Admiralty, the twin towers of the Admiralty Centre and the commercial buildings in the Bingfang area. The total floor area of ​​these commercial buildings will exceed 600 million square feet.

The six core commercial buildings of the Hong Kong Land Development Co., Ltd. only cover more than 6 million square feet, which is far from the 300 million square feet of its subsidiaries.

In the future, Li Wendi will acquire the remaining 16 square feet of land in the Admiralty Barracks and the 6.9 square feet of land at the Admiralty Section 104 MTR Station, the latter of which can be used to build a commercial building of million square feet.

If this happens, the rental area of ​​its subsidiaries in Central will exceed 600 million square feet, and the Li Wendi family will become the landlord of Central, and no one or any company can shake this position.

After the agreement was signed, United Company and Jardine Matheson Company respectively announced the general contents of the plan. Suddenly, the share price of Swire Properties fell, but the decline was not large.

Stockholders began to become savvy. The original share price of Hong Kong Land was far lower than that in the first half of 82. Now, as long as Hong Kong Land fully utilized the funds sent by Chinese tycoons, it would only be a matter of time before it stood up again. "We Chinese finally don't have to look at the British anymore. Even the Hong Kong Land, which they are so proud of, was almost acquired by us Chinese."

"The British won't be far from Hong Kong."

"The British have been entrenched in Hong Kong for many years and still have a lot of foundation. We Chinese have only won temporarily and should not be too proud. No matter what, Hong Kong is still ruled by the British."

"Although it's ambitious, it has little to do with ordinary people like us. I'm more concerned about when the stock market can return to its heyday in 81."

The citizens of Hong Kong were talking about this, each with their own opinions. There were many debates, and even the newspapers were arguing.

Changxin Group Office

"Wendy, you really stand up for us Chinese. The British must curb their arrogance now." Zhang Yan said with a laugh. As the boss of a listed company, he has of course dealt with many foreigners and knows very well what kind of people they are.

"It's just a business war. Things like how long it will last have nothing to do with me." Li Wendi waved his hand. Once he had such an image, he would inevitably be put under a magnifying glass by the Chinese people in the future, which would be very disadvantageous to the family.

He is a businessman, so of course profit is his most important thing. Other things he does are just by the way. He does not have the awareness of doing things with great ambition and determination, spending all his wealth and not fearing losses.

"Haha!! You are too modest. People outside are praising you four tycoons. They are just short of saying that you are heroes." Zhang Yan said exaggeratedly.

The citizens of Hong Kong have always been spectators. Only a small number of people care about ambitious things, while most of them just want to live a good life.

"You didn't come here to praise me today, did you? Just tell me what you want to say." Zhang Yan never came to visit someone unless he had something to say. After all, both of them were very busy and couldn't chat every day.

"Didn't Eagle Properties announce the financial status of the Regal Hotel not long ago? I want to take advantage of the market downturn to acquire the Regal Hotel, but I'm short of some cash now, so I'd like to ask you to lend me some money." Zhang Yan said a little embarrassedly.

"How much do you want to borrow?" Li Wendi asked with a smile.

"6000 million is enough. I estimate that the selling price of the Regal Hotel will be 1.6 million yuan. I only need 34.9% of the shares." Zhang Yan said.

Li Wendi suddenly remembered that in his previous life, the Regal Hotel was acquired by Luo Yingshi’s third son Luo Xurui and Willis’s Asia Securities Company. Since it was acquired by Luo Xurui, Luo Yingshi sold the Regal Hotel to Asia Securities Company at a very low price of 0.9 million yuan.

"Okay! I'll lend it to you privately. It will be very troublesome to transfer the money through the company." Li Wendi said lightly.

"It's all fine! As long as the funds are in place, it will be more convenient if you borrow it privately." Zhang Yan said with a smile.

"Have you contacted Luo Yingshi?" Li Wendi asked.

Zhang Yan shook his head. "Not yet. I plan to get the funds before I start."

"I advise you to hurry up. Regal Hotel is a good company, and it has a buy one get one free promotion. There should be a lot of people eyeing it. You should know the principle of striking first and gaining the advantage." Li Wendi said.

(End of this chapter)