Started from Hong Kong Island

Chapter 431 429 [Dahuanshan Old Power Plant Jinzhong Section Land]

Thursday, May 10

All major newspapers in Hong Kong reported Li Wendi's "past". They did not mention the good things Li Wendi had done, but reported all the bad things Li Wendi had done, adding fuel to the fire and trying to trample on Li Wendi's reputation.

These things could not withstand scrutiny. An hour later, Li Wendi found out that it was the Kadoorie family who was behind it.

Although Li Wendi had some intention of taking over other people's business, this was the rule of the business world and he was not breaking the law. As for morality, it was a matter of opinion. After all, the conflict between the Chinese and the British was long-standing.

This can be seen from the fact that large British companies have almost occupied the land in Hong Kong Island and Tsim Sha Tsui. Although the Kadoorie family is very low-key in their work and life, they cannot escape their British identity.

Sometimes bloodline is original sin.

Li Wendi is a vengeful person, so how could he let the Kadoorie family off easily?

Li Wendi immediately asked Gao Yi to hold a press conference and issued a "request for 4 board seats" to the Grand Hotel Group, saying that if the Grand Hotel Group refused, it would be a violation of the Company Law promulgated by the Hong Kong government.

Sure enough, just like they did with Liu Luanxiong in their previous life, the Kadoorie family proposed to the CSRC that their shareholding in Mingcheng Real Estate Company may have exceeded 35%, triggering the bottom line for a full acquisition.

Therefore, the CSRC had to investigate the shareholding situation of Mingcheng Real Estate Company.

Soon, the Securities Regulatory Office announced publicly that Mingcheng Real Estate Company's shareholding did not reach 35%. As for how much it was, it was up to Mingcheng Real Estate Company itself to announce it.

In fact, Lawrence Kadoorie also wanted to use the crime of joint acquisition to put Mingcheng Real Estate Company and Capital Real Estate under investigation and hinder their acquisition of the Grand Hotel Group.

But this move obviously had no effect, because Mingcheng Real Estate Company had never thought about fully acquiring the large hotel group, and Mingcheng Real Estate Company did not borrow money from the bank and did not need to repay huge interest.

The Peninsula Tsim Sha Tsui
Michael Kadoorie invited Li Wendi to come for negotiations. After all, the Kadoorie family was seriously short of funds. If Li Wendi was really angered and he bought the big hotel group at all costs, the losses of the Kadoorie family would probably be even more serious.

"Mr. Li, I'm really sorry about what happened a few days ago." Michael apologized to Li Wendi very formally. This attitude made Li Wendi not want to make a big deal out of it.

"Mr. Michael, I accept your apology. However, please do not block Mingcheng Real Estate Company from sending four directors to the Grand Hotel Group." Li Wendi also expressed his goodwill. "Your Kadoorie family will continue to be in charge of the hotel business, and the other businesses will be handed over to Mingcheng Real Estate Company. This is also the division between you and the Liangchang family."

"That's no problem." Michael said with a smile. Li Wendi's request was beyond his expectations. He thought Li Wendi would take the opportunity to ask for more things as a punishment from the Kadoorie family.

"Mr. Michael, Hutchison Whampoa and my Hung Hom land are both being developed to create a new business district in the Hung Hom and Whampoa areas." Li Wendi said directly, "The old power plant of China Power Group near the Great Ring Mountain in Whampoa has begun to relocate. It should be relocated within 5 years. Does China Power Group intend to develop this land?"

"Mr. Li, do you want to work with China Power Corporation to develop this land?" Michael asked seriously.

"There is this idea. The old Dahuanshan power plant is close to the sea and the city, so developing residential buildings there should be very popular," said Li Wendi.

Michael was silent for a moment, then responded, "How does Mr. Li want to cooperate? Is it the same as the market rules?"

Li Wendi shook his head. "There is no problem with the construction fee, but the land compensation fee is too high."

Li Wendi meant that China Power Corporation would need to contribute some of the land compensation fee.

Michael said, "If it's just the construction fee, the group's board of directors may not agree." "Why don't we make a bet?" Li Wendi continued, "According to my investigation, the land of the old power plant in Dahuanshan can be used to build 25 residential buildings. I guarantee that China Power Group can make a profit of 13 billion yuan, and the rest of the profit will all belong to Wheelock. If the profit is less than 13 billion yuan, Wheelock will make up for it."

"What about the land compensation fee?" Michael still didn't want to pay the several hundred million yuan in land compensation fee.

"Wheelock will take care of the land compensation fees, and Wheelock will complete the development of the land within six years after the relocation is completed," said Li Wendi.

"That means Mr. Li wants to control the land of the old power plant in Dahuanshan, and China Power Group can only get dividends?"

Li Wendi spread his hands and said, "You can understand it this way. Mr. Michael, I know the situation of China Power Corporation very well. If you want to ensure sufficient power supply for the entire New Territories, you must continue to expand the scale and invest more money. It is unlikely that you have enough funds to develop this piece of land."

"Mr. Li, this matter is not something I can decide alone. I need to go back and discuss it with the board of directors." Michael nodded.

Li Wendi knew this would be the result, and even guessed that Lawrence Kadoorie would definitely stop it, but his goal was to get priority. If others wanted to intervene, they had to consider Li Wendi's opinion.

The time soon came to March 11th.

The auction for the second section of land in Admiralty has finally arrived.

This is a piece of land that is extremely important to Changxin Group. If it falls into the hands of others, Changxin Group and Li Wendi will basically lose face.

Li Wendi sat in an inconspicuous position with a group of Changxin Group executives, and the term "Golden Bell Land King" was heard at the auction venue.

"The starting price is 6.9 million yuan, and each bid cannot be less than 100 million yuan." The female auctioneer looked around and dropped the hammer, "The auction begins now!"

"7 million yuan!" Zhang Wentao was the first to raise the sign, with a strong momentum of "Don't touch my things".

"7.1 million!" Swire Properties followed suit and shouted out a price.

Li Wendi glanced at the executives of Swire Properties and knew that these guys were trying to raise the bid to avenge a grudge from a few years ago. Of course, this was a very reasonable bid.

"7.2 million!" Zhang Wentao continued to bid.

Simon Keswick suddenly stood up and bid "7.5 million yuan!"

Li Wendi snatched the sign from Zhang Wentao and shouted, "8 million yuan!"

Huang Tingfang of Sino Properties held up the No. 66 sign and said, "8.2 million!"

Li Wendi remembered that in his previous life, this piece of land was bought by a consortium led by Sun Hung Kai Properties, which built the famous Financial Plaza Twin Towers. It was later sold to the Benda Group and named Benda Center Tower.

The two twin towers were completed in 87 and sold to the Benda Group for 19 billion yuan, and the Sino Group made a profit of several hundred million yuan.

It can be seen that people do not have much confidence in winning these games. They are worried that the crisis has not passed yet and it is very dangerous to lock up too much money.

(End of this chapter)